# Fortuna Reports 15% Increase YoY in Consolidated Mineral Reserves and updates estimate of Sunbird deposit, Séguéla Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/fortuna-reports-15-increase-yoy-in-consolidated-mineral-reserves-and-updates-est--4321db88-f70b-4f43-9f64-64b4a6501013 Original source: https://orestocks.com/company/FVI.TO/press-releases/8458385402125239 Publisher: orestocks Original announcement: 2026-04-23T13:00:00.000Z Analysis by Minestarters Atlas Atlas analysis published: 2026-10-01T04:14:16.561Z Atlas analysis updated: 2026-10-01T04:14:16.561Z - Company: Fortuna Mining Corp. - Ticker: FVI.TO - Exchange: Unavailable - Region: Unavailable - Primary commodity: Gold - Secondary commodities: Silver, Lead, Zinc - Document categories: Resource update - Extracted: 2026-10-01 04:14:17 UTC Narrative sentiment: 0.80 · Bullish ## Minestarters Atlas summary Fortuna Mining Corp. announced a 15% year-over-year increase in consolidated Proven and Probable Mineral Reserves, reaching 3.0 million gold equivalent ounces. This update includes a substantial 34% increase in underground Mineral Reserves and a 55% increase in Inferred Mineral Resources for the Sunbird deposit at Séguéla, following successful drilling. Additionally, the Diamba Sud project saw a 165% growth in Indicated Resource gold ounces, with a feasibility study progressing towards a construction decision. Reasoning: Fortuna reported significant year-over-year increases in consolidated mineral reserves and resources, driven by strong results at Séguéla and Diamba Sud, which is highly positive for the company's growth profile. While some projects experienced grade decreases or depletion, the overall growth in contained metal and resource confidence is a strong positive signal. - Positive factor: Consolidated Proven and Probable Mineral Reserves increased by 15% year-over-year to 3.0 million GEOs. - Positive factor: Consolidated Measured and Indicated Resources increased by 56% year-over-year to 2.1 million GEOs. - Positive factor: Consolidated Inferred Mineral Resources increased by 4% year-over-year to 2.2 million GEOs. - Positive factor: Séguéla's Sunbird deposit saw a 34% increase in underground Mineral Reserves and a 55% increase in Inferred Mineral Resources. - Positive factor: Diamba Sud project achieved a 165% increase in Indicated Resource gold ounces due to successful drilling. - Positive factor: Feasibility study for Diamba Sud is on track for first-time reporting of Mineral Reserves, supporting a construction decision. - Negative factor: Séguéla's Proven and Probable gold grade decreased slightly from 3.38 g/t to 3.01 g/t Au. - Negative factor: Séguéla's Measured and Indicated gold grade decreased from 3.59 g/t to 2.58 g/t Au. - Negative factor: Séguéla's Inferred gold grade decreased by 4%. - Negative factor: Lindero Mine experienced a decrease in Mineral Reserves due to production-related depletion. - Negative factor: Caylloma Mine's Mineral Reserves and Resources were impacted by production depletion and changes in metal price ratios. - Negative factor: Diamba Sud's Inferred Mineral Resources decreased due to upgrading to higher classification categories. Low confidence — this extraction should be reviewed alongside the original source. Facts used in scoring: 103 ## Classification and evidence **Tonnage Growth** Polarity: positive Definition: Significant tonnage increase \(≥15%\) vs prior estimate with grade maintained or improved. Why it applies: Fortuna successfully increased Mineral Reserves by 15% year-over-year, after accounting for production related depletion. Evidence · text > Fortuna successfully increased Mineral Reserves by 15% year-over-year **Contained Metal Growth** Polarity: positive Definition: True scale improvement — contained metal ounces/tonnes increased vs prior, accounting for both tonnage and grade changes. Why it applies: Consolidated Proven and Probable Mineral Reserves are reported containing 3.0 million gold equivalent ounces \(“GEOs”\) representing a year-over-year increase of 15%. Evidence · text > Consolidated Proven and Probable Mineral Reserves are reported containing 3.0 million gold equivalent ounces \(“GEOs”\) representing a year-over-year increase of 15%. **Category Upgrade** Polarity: positive Definition: Resource confidence improved — Inferred upgraded to Indicated, or Indicated to Measured. De-risking signal. Why it applies: Changes are due to the upgrading of resources to reserves representing 819,000 GEOs, primarily at Séguéla. Evidence · text > Changes are due to the upgrading of resources to reserves representing 819,000 GEOs, primarily at Séguéla **Tonnage Growth** Polarity: positive Definition: Significant tonnage increase \(≥15%\) vs prior estimate with grade maintained or improved. Why it applies: Consolidated Measured and Indicated Resources exclusive of Mineral Reserves are reported containing 2.1 million GEOs representing a year-over-year increase of 56%. Evidence · text > Consolidated Measured and Indicated Resources exclusive of Mineral Reserves are reported containing 2.1 million GEOs representing a year-over-year increase of 56%. **Tonnage Growth** Polarity: positive Definition: Significant tonnage increase \(≥15%\) vs prior estimate with grade maintained or improved. Why it applies: Consolidated Inferred Mineral Resources are reported containing 2.2 million GEOs representing a year-over-year increase of 4%. Evidence · text > Consolidated Inferred Mineral Resources are reported containing 2.2 million GEOs representing a year-over-year increase of 4%. **Tonnage Growth** Polarity: positive Definition: Significant tonnage increase \(≥15%\) vs prior estimate with grade maintained or improved. Why it applies: Underground Mineral Reserves for Séguéla’s Sunbird deposit are reported as 4.4 Mt averaging 3.80 g/t Au containing 539,000 ounces of gold, an increase of 34% to its maiden estimate. Evidence · text > Underground Mineral Reserves for Séguéla’s Sunbird deposit are reported as 4.4 Mt averaging 3.80 g/t Au containing 539,000 ounces of gold, an increase of 34% **Contained Metal Growth** Polarity: positive Definition: True scale improvement — contained metal ounces/tonnes increased vs prior, accounting for both tonnage and grade changes. Why it applies: Underground Mineral Reserves for Séguéla’s Sunbird deposit are reported as 4.4 Mt averaging 3.80 g/t Au containing 539,000 ounces of gold, an increase of 34% to its maiden estimate. Evidence · text > Underground Mineral Reserves for Séguéla’s Sunbird deposit are reported as 4.4 Mt averaging 3.80 g/t Au containing 539,000 ounces of gold, an increase of 34% **Tonnage Growth** Polarity: positive Definition: Significant tonnage increase \(≥15%\) vs prior estimate with grade maintained or improved. Why it applies: Inferred Mineral Resources are reported as 2.9 Mt averaging 4.45 g/t Au containing 417,000 ounces of gold, a 55% increase. Evidence · text > Inferred Mineral Resources are reported as 2.9 Mt averaging 4.45 g/t Au containing 417,000 ounces of gold, a 55% increase. **Contained Metal Growth** Polarity: positive Definition: True scale improvement — contained metal ounces/tonnes increased vs prior, accounting for both tonnage and grade changes. Why it applies: Inferred Mineral Resources are reported as 2.9 Mt averaging 4.45 g/t Au containing 417,000 ounces of gold, a 55% increase. Evidence · text > Inferred Mineral Resources are reported as 2.9 Mt averaging 4.45 g/t Au containing 417,000 ounces of gold, a 55% increase. **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: Diamba Sud’s feasibility study remains on track for first-time reporting of Mineral Reserves in support of a construction decision by the end of this quarter. Evidence · text > Diamba Sud’s feasibility study remains on track for first-time reporting of Mineral Reserves in support of a construction decision by the end of this quarter. **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: Reserve and resource estimates included in this news release have been prepared in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects \(“NI 43-101”\) and the Canadian Institute of Mining, Metallurgy, and Petroleum Definition Standards on Mineral Resources and Mineral Reserves. Evidence · text > Reserve and resource estimates included in this news release have been prepared in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects \(“NI 43-101”\) **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: Mineral Reserves for the Séguéla Mine are reported on a 100% ownership basis and estimated using incremental gold grade cut-offs for open pit mining of 0.73 g/t Au for Antenna and Koula, 0.74 g/t Au for Sunbird, 0.75 g/t Au for Boulder and Kingfisher, 0.76 g/t Au for Agouti, and 0.83 g/t Au for the Ancien and Badior deposits, and for underground mining of 2.14 g/t for Sunbird. Evidence · text > Mineral Reserves for the Séguéla Mine are reported on a 100% ownership basis and estimated using incremental gold grade cut-offs for open pit mining of 0.73 g/t Au for Antenna and Koula, 0.74 g/t Au for Sunbird, 0.75 g/t Au for Boulder and Kingfisher, 0.76 g/t Au for Agouti, and 0.83 g/t Au for the Ancien and Badior deposits, and for underground mining of 2.14 g/t for Sunbird. **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: Eric Chapman, P. Geo. \(EGBC \#36328\), is the Qualified Person responsible for Mineral Resources; Raul Espinoza \(FAUSIMM \(CP\) \#309581\) is the Qualified Person responsible for Mineral Reserves; both being employees of Fortuna Mining Corp. Evidence · text > Eric Chapman, P. Geo. \(EGBC \#36328\), is the Qualified Person responsible for Mineral Resources; Raul Espinoza \(FAUSIMM \(CP\) \#309581\) is the Qualified Person responsible for Mineral Reserves; both being employees of Fortuna Mining Corp. **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: Fortuna Reports 15% Increase YoY in Consolidated Mineral Reserves and updates estimate of Sunbird deposit, Séguéla Evidence · text > Fortuna Reports 15% Increase YoY in Consolidated Mineral Reserves and updates estimate of Sunbird deposit, Séguéla **Grade Decline** Polarity: negative Definition: Average grade dropped >5% vs prior estimate — deposit economics worsening. May indicate high-grading in early drilling. Why it applies: Proven and Probable Mineral Reserve tonnes increased from 9.75 Mt to 16.36 Mt, up 68%, while the gold grade decreased slightly from 3.38 g/t to 3.01 g/t Au. Evidence · text > gold grade decreased slightly from 3.38 g/t to 3.01 g/t Au **Dilutive Growth** Polarity: negative Definition: Tonnage increased but contained metal flat or down — likely from lower cut-off grade, not geological expansion. Why it applies: Proven and Probable Mineral Reserve tonnes increased from 9.75 Mt to 16.36 Mt, up 68%, while the gold grade decreased slightly from 3.38 g/t to 3.01 g/t Au. Evidence · text > Proven and Probable Mineral Reserve tonnes increased from 9.75 Mt to 16.36 Mt, up 68%, while the gold grade decreased slightly from 3.38 g/t to 3.01 g/t Au. **Grade Decline** Polarity: negative Definition: Average grade dropped >5% vs prior estimate — deposit economics worsening. May indicate high-grading in early drilling. Why it applies: Measured and Indicated Mineral Resources, exclusive of Mineral Reserves, increased from 3.44 Mt to 5.65 Mt, up 64%, with contained gold increasing by 73,000 ounces, or 18%, while the gold grade decreased from 3.59 g/t to 2.58 g/t gold. Evidence · text > gold grade decreased from 3.59 g/t to 2.58 g/t gold **Dilutive Growth** Polarity: negative Definition: Tonnage increased but contained metal flat or down — likely from lower cut-off grade, not geological expansion. Why it applies: Measured and Indicated Mineral Resources, exclusive of Mineral Reserves, increased from 3.44 Mt to 5.65 Mt, up 64%, with contained gold increasing by 73,000 ounces, or 18%, while the gold grade decreased from 3.59 g/t to 2.58 g/t gold. Evidence · text > Measured and Indicated Mineral Resources, exclusive of Mineral Reserves, increased from 3.44 Mt to 5.65 Mt, up 64%, with contained gold increasing by 73,000 ounces, or 18%, while the gold grade decreased from 3.59 g/t to 2.58 g/t gold. **Grade Decline** Polarity: negative Definition: Average grade dropped >5% vs prior estimate — deposit economics worsening. May indicate high-grading in early drilling. Why it applies: Inferred Mineral Resource tonnes increased from 6.77 Mt to 9.99 Mt, up 48%, while gold grade decreased by 4%, resulting in an increase in contained gold of 261,000 ounces, or 42%. Evidence · text > gold grade decreased by 4% **Dilutive Growth** Polarity: negative Definition: Tonnage increased but contained metal flat or down — likely from lower cut-off grade, not geological expansion. Why it applies: Inferred Mineral Resource tonnes increased from 6.77 Mt to 9.99 Mt, up 48%, while gold grade decreased by 4%, resulting in an increase in contained gold of 261,000 ounces, or 42%. Evidence · text > Inferred Mineral Resource tonnes increased from 6.77 Mt to 9.99 Mt, up 48%, while gold grade decreased by 4%, resulting in an increase in contained gold of 261,000 ounces, or 42%. **Tonnage Decline** Polarity: negative Definition: Resource tonnage decreased vs prior estimate — pit optimization removed marginal material or geological model revised down. Why it applies: Year-over-year mining depletion resulted in a decrease in Mineral Reserves of 6.1 Mt containing 121,000 ounces of gold. Evidence · text > Year-over-year mining depletion resulted in a decrease in Mineral Reserves of 6.1 Mt containing 121,000 ounces of gold. **Contained Metal Decline** Polarity: negative Definition: Contained metal decreased vs prior despite tonnage growth — grade dilution exceeds volume gain. Why it applies: Year-over-year mining depletion resulted in a decrease in Mineral Reserves of 6.1 Mt containing 121,000 ounces of gold. Evidence · text > Year-over-year mining depletion resulted in a decrease in Mineral Reserves of 6.1 Mt containing 121,000 ounces of gold. **Tonnage Decline** Polarity: negative Definition: Resource tonnage decreased vs prior estimate — pit optimization removed marginal material or geological model revised down. Why it applies: Year-over-year, Proven and Probable Mineral Reserve tonnes decreased from 2.44 to 2.28 Mt. Evidence · text > Year-over-year, Proven and Probable Mineral Reserve tonnes decreased from 2.44 to 2.28 Mt. **Contained Metal Decline** Polarity: negative Definition: Contained metal decreased vs prior despite tonnage growth — grade dilution exceeds volume gain. Why it applies: A change in the gold-to-silver and base metal ratio resulting from higher gold prices reduced Mineral Reserves by 47,000 GEOs. Evidence · text > A change in the gold-to-silver and base metal ratio resulting from higher gold prices reduced Mineral Reserves by 47,000 GEOs. **Grade Decline** Polarity: negative Definition: Average grade dropped >5% vs prior estimate — deposit economics worsening. May indicate high-grading in early drilling. Why it applies: Year-over-year, Measured and Indicated Mineral Resources increased from 7.8 Mt to 26.0 Mt, representing an increase of 236%, while gold grade decreased by 21%, resulting in an increase of 781,000 ounces of gold or 165%. Evidence · text > gold grade decreased by 21% **Dilutive Growth** Polarity: negative Definition: Tonnage increased but contained metal flat or down — likely from lower cut-off grade, not geological expansion. Why it applies: Year-over-year, Measured and Indicated Mineral Resources increased from 7.8 Mt to 26.0 Mt, representing an increase of 236%, while gold grade decreased by 21%, resulting in an increase of 781,000 ounces of gold or 165%. Evidence · text > Year-over-year, Measured and Indicated Mineral Resources increased from 7.8 Mt to 26.0 Mt, representing an increase of 236%, while gold grade decreased by 21%, resulting in an increase of 781,000 ounces of gold or 165%. **Tonnage Decline** Polarity: negative Definition: Resource tonnage decreased vs prior estimate — pit optimization removed marginal material or geological model revised down. Why it applies: Inferred Mineral Resource tonnes decreased from 3.1 Mt to 2.1 Mt, with gold grade decreasing by 23%, resulting in a reduction of 71,000 ounces of gold, or 48%, due to upgrading in resource classification as a result of infill drilling. Evidence · text > Inferred Mineral Resource tonnes decreased from 3.1 Mt to 2.1 Mt **Grade Decline** Polarity: negative Definition: Average grade dropped >5% vs prior estimate — deposit economics worsening. May indicate high-grading in early drilling. Why it applies: Inferred Mineral Resource tonnes decreased from 3.1 Mt to 2.1 Mt, with gold grade decreasing by 23%, resulting in a reduction of 71,000 ounces of gold, or 48%, due to upgrading in resource classification as a result of infill drilling. Evidence · text > gold grade decreasing by 23% **Contained Metal Decline** Polarity: negative Definition: Contained metal decreased vs prior despite tonnage growth — grade dilution exceeds volume gain. Why it applies: Inferred Mineral Resource tonnes decreased from 3.1 Mt to 2.1 Mt, with gold grade decreasing by 23%, resulting in a reduction of 71,000 ounces of gold, or 48%, due to upgrading in resource classification as a result of infill drilling. Evidence · text > reduction of 71,000 ounces of gold, or 48% ## Extracted facts Stored fact records: 103. Some facts used in scoring do not have a stored record. ## Resource Estimates (103) ### proven [Link to this fact](https://atlas-staging.minestarters.com/news/fortuna-reports-15-increase-yoy-in-consolidated-mineral-reserves-and-updates-est--4321db88-f70b-4f43-9f64-64b4a6501013#fact-resource-facts-0) Séguéla · gold #### Identity - Project: Séguéla - Commodity: gold - Region: côte d’ivoire - Reported Region: Côte d’Ivoire - Ticker: FVI.TO #### Resource scope - Estimate type: reserve - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Eric Chapman, Raul Espinoza - Resource group id: resource:59a7d80d92874a01c170 - Ownership percent: 90 % - Resource basis: gross #### Resource Data - Category: proven - Tonnes: 588000 - Grade: 1.6 - Grade Unit: g/t - Contained Metal: 30 - Contained Unit: koz - Cutoff Grade: 0.74 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2026-03-31 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-04-23T00:00:00.000Z Reasoning: Proven reserve for Séguéla contributes to the overall reserve increase, indicating high confidence in this portion of the resource. - Positive factor: Proven reserve category indicates high confidence. - Positive factor: Part of a consolidated reserve increase. Evidence · table > 1.60 Context: 588 #### Tags used in scoring **Proven Reserve** Polarity: positive Definition: Measured Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "proven" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 ### probable [Link to this fact](https://atlas-staging.minestarters.com/news/fortuna-reports-15-increase-yoy-in-consolidated-mineral-reserves-and-updates-est--4321db88-f70b-4f43-9f64-64b4a6501013#fact-resource-facts-1) Séguéla · gold #### Identity - Project: Séguéla - Commodity: gold - Region: côte d’ivoire - Reported Region: Côte d’Ivoire - Ticker: FVI.TO #### Resource scope - Estimate type: reserve - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Eric Chapman, Raul Espinoza - Resource group id: resource:2c2d4a5d4e1046d4b6fd - Ownership percent: 90 % - Resource basis: gross #### Resource Data - Category: probable - Tonnes: 15768000 - Grade: 3.13 - Grade Unit: g/t - Contained Metal: 1586 - Contained Unit: koz - Cutoff Grade: 0.74 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2026-03-31 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-04-23T00:00:00.000Z Reasoning: Probable reserve for Séguéla shows a substantial increase in contained gold, contributing significantly to the overall reserve growth, despite a slight grade decrease. - Positive factor: Probable reserve category indicates good confidence. - Positive factor: Significant contribution to the consolidated reserve increase, especially from Séguéla's Sunbird deposit. - Negative factor: Gold grade decreased slightly from prior estimates for Séguéla P+P reserves. Evidence · table > 3.13 Context: 15,768 #### Tags used in scoring **Probable Reserve** Polarity: positive Definition: Indicated Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "probable" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 ### probable [Link to this fact](https://atlas-staging.minestarters.com/news/fortuna-reports-15-increase-yoy-in-consolidated-mineral-reserves-and-updates-est--4321db88-f70b-4f43-9f64-64b4a6501013#fact-resource-facts-2) Gold Mines Total · gold #### Identity - Project: Gold Mines Total - Commodity: gold - Ticker: FVI.TO #### Resource scope - Estimate type: reserve - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Eric Chapman, Raul Espinoza - Resource group id: resource:8ae503253f7f7790d29d #### Resource Data - Category: probable - Tonnes: 16356000 - Grade: 3.01 - Grade Unit: g/t - Contained Metal: 1616 - Contained Unit: koz #### Prior Estimate - Resource Date: 2026-03-31 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-04-23T00:00:00.000Z Reasoning: The combined Proven and Probable reserves for Séguéla represent a substantial portion of the company's gold reserves, contributing to overall growth despite a slight grade reduction. - Positive factor: Combined Proven + Probable reserves for Séguéla show significant contained gold. - Negative factor: Gold grade decreased slightly from prior estimates for Séguéla P+P reserves. Evidence · table > 3.01 Context: 16,356 #### Tags used in scoring **Probable Reserve** Polarity: positive Definition: Indicated Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "probable" **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 **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 ### proven [Link to this fact](https://atlas-staging.minestarters.com/news/fortuna-reports-15-increase-yoy-in-consolidated-mineral-reserves-and-updates-est--4321db88-f70b-4f43-9f64-64b4a6501013#fact-resource-facts-3) Lindero · gold #### Identity - Project: Lindero - Commodity: gold - Region: argentina - Reported Region: Argentina - Ticker: FVI.TO #### Resource scope - Estimate type: reserve - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Eric Chapman, Raul Espinoza - Resource group id: resource:4e7969e7eff8ba0c3785 #### Resource Data - Category: proven - Tonnes: 22291000 - Grade: 0.54 - Grade Unit: g/t - Contained Metal: 390 - Contained Unit: koz - Cutoff Grade: 0.25 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2025-12-31 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-04-23T00:00:00.000Z Reasoning: Proven reserves at Lindero contribute to the company's overall reserves, but the project is experiencing depletion from mining. - Positive factor: Proven reserve category indicates high confidence. - Negative factor: Lindero Mine experienced production-related depletion. Evidence · table > 0.54 Context: 22,291 #### Tags used in scoring **Proven Reserve** Polarity: positive Definition: Measured Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "proven" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 ### probable [Link to this fact](https://atlas-staging.minestarters.com/news/fortuna-reports-15-increase-yoy-in-consolidated-mineral-reserves-and-updates-est--4321db88-f70b-4f43-9f64-64b4a6501013#fact-resource-facts-4) Lindero · gold #### Identity - Project: Lindero - Commodity: gold - Region: argentina - Reported Region: Argentina - Ticker: FVI.TO #### Resource scope - Estimate type: reserve - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Eric Chapman, Raul Espinoza - Resource group id: resource:40a73adac62e51ecbc95 #### Resource Data - Category: probable - Tonnes: 42064000 - Grade: 0.53 - Grade Unit: g/t - Contained Metal: 718 - Contained Unit: koz - Cutoff Grade: 0.25 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2025-12-31 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-04-23T00:00:00.000Z Reasoning: Probable reserves at Lindero contribute to the company's overall reserves, but the project is experiencing depletion from mining. - Positive factor: Probable reserve category indicates good confidence. - Negative factor: Lindero Mine experienced production-related depletion. Evidence · table > 0.53 Context: 42,064 #### Tags used in scoring **Probable Reserve** Polarity: positive Definition: Indicated Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "probable" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 ### probable [Link to this fact](https://atlas-staging.minestarters.com/news/fortuna-reports-15-increase-yoy-in-consolidated-mineral-reserves-and-updates-est--4321db88-f70b-4f43-9f64-64b4a6501013#fact-resource-facts-5) Gold Mines Total · gold #### Identity - Project: Gold Mines Total - Commodity: gold - Ticker: FVI.TO #### Resource scope - Estimate type: reserve - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Eric Chapman, Raul Espinoza - Resource group id: resource:7928252101c068cc819a #### Resource Data - Category: probable - Tonnes: 64355000 - Grade: 0.54 - Grade Unit: g/t - Contained Metal: 1108 - Contained Unit: koz #### Prior Estimate - Resource Date: 2025-12-31 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-04-23T00:00:00.000Z Reasoning: The combined Proven and Probable reserves for Lindero are a significant part of the company's gold reserves, but depletion is noted. - Positive factor: Combined Proven + Probable reserves for Lindero contribute to the company's gold reserve base. - Negative factor: Lindero Mine experienced production-related depletion. Evidence · table > 0.54 Context: 64,355 #### Tags used in scoring **Probable Reserve** Polarity: positive Definition: Indicated Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "probable" **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 **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 ### probable [Link to this fact](https://atlas-staging.minestarters.com/news/fortuna-reports-15-increase-yoy-in-consolidated-mineral-reserves-and-updates-est--4321db88-f70b-4f43-9f64-64b4a6501013#fact-resource-facts-6) Gold Mines Total · gold #### Identity - Project: Gold Mines Total - Commodity: gold - Ticker: FVI.TO #### Resource scope - Estimate type: reserve - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Eric Chapman, Raul Espinoza - Resource group id: resource:322b2d4d19dab2da5092 #### Resource Data - Category: probable - Tonnes: 80711000 - Grade: 1.04 - Grade Unit: g/t - Contained Metal: 2724 - Contained Unit: koz #### Prior Estimate - Resource Date: 2025-12-31 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-04-23T00:00:00.000Z Reasoning: The consolidated gold reserves from all gold mines represent a significant asset base for the company. - Positive factor: Total Proven + Probable gold reserves for all gold mines are substantial. Evidence · table > 1.04 Context: 80,711 #### Tags used in scoring **Probable Reserve** Polarity: positive Definition: Indicated Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "probable" **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 **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 ### proven [Link to this fact](https://atlas-staging.minestarters.com/news/fortuna-reports-15-increase-yoy-in-consolidated-mineral-reserves-and-updates-est--4321db88-f70b-4f43-9f64-64b4a6501013#fact-resource-facts-7) Caylloma · silver #### Identity - Project: Caylloma - Commodity: silver - Region: peru - Reported Region: Peru - Ticker: FVI.TO #### Resource scope - Estimate type: reserve - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Eric Chapman, Raul Espinoza - Resource group id: resource:8ab95a8a18373033ebf2 #### Resource Data - Category: proven - Tonnes: 171000 - Grade: 114 - Grade Unit: g/t - Contained Metal: 19 - Contained Unit: koz - Cutoff Grade: 85.71 - Cutoff Unit: $/t #### Prior Estimate - Resource Date: 2025-12-31 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-04-23T00:00:00.000Z Reasoning: Proven silver reserves at Caylloma contribute to the company's base metal portfolio, but the project is facing depletion and metal price ratio impacts. - Positive factor: Proven reserve category indicates high confidence. - Negative factor: Caylloma Mine's reserves were impacted by production depletion and changes in metal price ratios. Evidence · table > 114 Context: 171 #### Tags used in scoring **Proven Reserve** Polarity: positive Definition: Measured Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "proven" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 ### proven [Link to this fact](https://atlas-staging.minestarters.com/news/fortuna-reports-15-increase-yoy-in-consolidated-mineral-reserves-and-updates-est--4321db88-f70b-4f43-9f64-64b4a6501013#fact-resource-facts-8) Caylloma · gold #### Identity - Project: Caylloma - Commodity: gold - Region: peru - Reported Region: Peru - Ticker: FVI.TO #### Resource scope - Estimate type: reserve - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Eric Chapman, Raul Espinoza - Resource group id: resource:8ab95a8a18373033ebf2 #### Resource Data - Category: proven - Tonnes: 171000 - Grade: 0.38 - Grade Unit: g/t - Cutoff Grade: 85.71 - Cutoff Unit: $/t #### Prior Estimate - Resource Date: 2025-12-31 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-04-23T00:00:00.000Z Reasoning: Proven gold reserves at Caylloma contribute to the company's base metal portfolio, but the project is facing depletion and metal price ratio impacts. - Positive factor: Proven reserve category indicates high confidence. - Negative factor: Caylloma Mine's reserves were impacted by production depletion and changes in metal price ratios. Evidence · table > 0.38 Context: 171 #### Tags used in scoring **Proven Reserve** Polarity: positive Definition: Measured Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "proven" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **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 ### proven [Link to this fact](https://atlas-staging.minestarters.com/news/fortuna-reports-15-increase-yoy-in-consolidated-mineral-reserves-and-updates-est--4321db88-f70b-4f43-9f64-64b4a6501013#fact-resource-facts-9) Caylloma · lead #### Identity - Project: Caylloma - Commodity: lead - Region: peru - Reported Region: Peru - Ticker: FVI.TO #### Resource scope - Estimate type: reserve - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Eric Chapman, Raul Espinoza - Resource group id: resource:8ab95a8a18373033ebf2 #### Resource Data - Category: proven - Tonnes: 171000 - Grade: 2.8 - Grade Unit: % - Cutoff Grade: 85.71 - Cutoff Unit: $/t #### Prior Estimate - Resource Date: 2025-12-31 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-04-23T00:00:00.000Z Reasoning: Proven lead reserves at Caylloma contribute to the company's base metal portfolio, but the project is facing depletion and metal price ratio impacts. - Positive factor: Proven reserve category indicates high confidence. - Negative factor: Caylloma Mine's reserves were impacted by production depletion and changes in metal price ratios. Evidence · table > 2.80 Context: 171 #### Tags used in scoring **Proven Reserve** Polarity: positive Definition: Measured Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "proven" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **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 ### proven [Link to this fact](https://atlas-staging.minestarters.com/news/fortuna-reports-15-increase-yoy-in-consolidated-mineral-reserves-and-updates-est--4321db88-f70b-4f43-9f64-64b4a6501013#fact-resource-facts-10) Caylloma · zinc #### Identity - Project: Caylloma - Commodity: zinc - Region: peru - Reported Region: Peru - Ticker: FVI.TO #### Resource scope - Estimate type: reserve - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Eric Chapman, Raul Espinoza - Resource group id: resource:8ab95a8a18373033ebf2 #### Resource Data - Category: proven - Tonnes: 171000 - Grade: 2.77 - Grade Unit: % - Cutoff Grade: 85.71 - Cutoff Unit: $/t #### Prior Estimate - Resource Date: 2025-12-31 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-04-23T00:00:00.000Z Reasoning: Proven zinc reserves at Caylloma contribute to the company's base metal portfolio, but the project is facing depletion and metal price ratio impacts. - Positive factor: Proven reserve category indicates high confidence. - Negative factor: Caylloma Mine's reserves were impacted by production depletion and changes in metal price ratios. Evidence · table > 2.77 Context: 171 #### Tags used in scoring **Proven Reserve** Polarity: positive Definition: Measured Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "proven" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **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 ### probable [Link to this fact](https://atlas-staging.minestarters.com/news/fortuna-reports-15-increase-yoy-in-consolidated-mineral-reserves-and-updates-est--4321db88-f70b-4f43-9f64-64b4a6501013#fact-resource-facts-11) Caylloma · silver #### Identity - Project: Caylloma - Commodity: silver - Region: peru - Reported Region: Peru - Ticker: FVI.TO #### Resource scope - Estimate type: reserve - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Eric Chapman, Raul Espinoza - Resource group id: resource:36794f13b73d2d0ba6a4 #### Resource Data - Category: probable - Tonnes: 2104000 - Grade: 86 - Grade Unit: g/t - Contained Metal: 218 - Contained Unit: koz - Cutoff Grade: 85.71 - Cutoff Unit: $/t #### Prior Estimate - Resource Date: 2025-12-31 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-04-23T00:00:00.000Z Reasoning: Probable silver reserves at Caylloma contribute to the company's base metal portfolio, but the project is facing depletion and metal price ratio impacts. - Positive factor: Probable reserve category indicates good confidence. - Negative factor: Caylloma Mine's reserves were impacted by production depletion and changes in metal price ratios. Evidence · table > 86 Context: 2,104 #### Tags used in scoring **Probable Reserve** Polarity: positive Definition: Indicated Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "probable" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 ### probable [Link to this fact](https://atlas-staging.minestarters.com/news/fortuna-reports-15-increase-yoy-in-consolidated-mineral-reserves-and-updates-est--4321db88-f70b-4f43-9f64-64b4a6501013#fact-resource-facts-12) Caylloma · gold #### Identity - Project: Caylloma - Commodity: gold - Region: peru - Reported Region: Peru - Ticker: FVI.TO #### Resource scope - Estimate type: reserve - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Eric Chapman, Raul Espinoza - Resource group id: resource:36794f13b73d2d0ba6a4 #### Resource Data - Category: probable - Tonnes: 2104000 - Grade: 0.27 - Grade Unit: g/t - Cutoff Grade: 85.71 - Cutoff Unit: $/t #### Prior Estimate - Resource Date: 2025-12-31 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-04-23T00:00:00.000Z Reasoning: Probable gold reserves at Caylloma contribute to the company's base metal portfolio, but the project is facing depletion and metal price ratio impacts. - Positive factor: Probable reserve category indicates good confidence. - Negative factor: Caylloma Mine's reserves were impacted by production depletion and changes in metal price ratios. Evidence · table > 0.27 Context: 2,104 #### Tags used in scoring **Probable Reserve** Polarity: positive Definition: Indicated Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "probable" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **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 ### probable [Link to this fact](https://atlas-staging.minestarters.com/news/fortuna-reports-15-increase-yoy-in-consolidated-mineral-reserves-and-updates-est--4321db88-f70b-4f43-9f64-64b4a6501013#fact-resource-facts-13) Caylloma · lead #### Identity - Project: Caylloma - Commodity: lead - Region: peru - Reported Region: Peru - Ticker: FVI.TO #### Resource scope - Estimate type: reserve - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Eric Chapman, Raul Espinoza - Resource group id: resource:36794f13b73d2d0ba6a4 #### Resource Data - Category: probable - Tonnes: 2104000 - Grade: 2.39 - Grade Unit: % - Cutoff Grade: 85.71 - Cutoff Unit: $/t #### Prior Estimate - Resource Date: 2025-12-31 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-04-23T00:00:00.000Z Reasoning: Probable lead reserves at Caylloma contribute to the company's base metal portfolio, but the project is facing depletion and metal price ratio impacts. - Positive factor: Probable reserve category indicates good confidence. - Negative factor: Caylloma Mine's reserves were impacted by production depletion and changes in metal price ratios. Evidence · table > 2.39 Context: 2,104 #### Tags used in scoring **Probable Reserve** Polarity: positive Definition: Indicated Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "probable" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **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 ### probable [Link to this fact](https://atlas-staging.minestarters.com/news/fortuna-reports-15-increase-yoy-in-consolidated-mineral-reserves-and-updates-est--4321db88-f70b-4f43-9f64-64b4a6501013#fact-resource-facts-14) Caylloma · zinc #### Identity - Project: Caylloma - Commodity: zinc - Region: peru - Reported Region: Peru - Ticker: FVI.TO #### Resource scope - Estimate type: reserve - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Eric Chapman, Raul Espinoza - Resource group id: resource:36794f13b73d2d0ba6a4 #### Resource Data - Category: probable - Tonnes: 2104000 - Grade: 3.56 - Grade Unit: % - Cutoff Grade: 85.71 - Cutoff Unit: $/t #### Prior Estimate - Resource Date: 2025-12-31 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-04-23T00:00:00.000Z Reasoning: Probable zinc reserves at Caylloma contribute to the company's base metal portfolio, but the project is facing depletion and metal price ratio impacts. - Positive factor: Probable reserve category indicates good confidence. - Negative factor: Caylloma Mine's reserves were impacted by production depletion and changes in metal price ratios. Evidence · table > 3.56 Context: 2,104 #### Tags used in scoring **Probable Reserve** Polarity: positive Definition: Indicated Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "probable" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **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 ### probable [Link to this fact](https://atlas-staging.minestarters.com/news/fortuna-reports-15-increase-yoy-in-consolidated-mineral-reserves-and-updates-est--4321db88-f70b-4f43-9f64-64b4a6501013#fact-resource-facts-15) Silver Mine Total · silver #### Identity - Project: Silver Mine Total - Commodity: silver - Ticker: FVI.TO #### Resource scope - Estimate type: reserve - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Eric Chapman, Raul Espinoza - Resource group id: resource:e4b9dd9689367113bd34 #### Resource Data - Category: probable - Tonnes: 2275000 - Grade: 89 - Grade Unit: g/t - Contained Metal: 238 - Contained Unit: koz #### Prior Estimate - Resource Date: 2025-12-31 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-04-23T00:00:00.000Z Reasoning: The combined Proven and Probable silver reserves for Caylloma are part of the company's reserve base, but the project is facing depletion and metal price ratio impacts. - Positive factor: Combined Proven + Probable silver reserves for Caylloma. - Negative factor: Caylloma Mine's reserves were impacted by production depletion and changes in metal price ratios. Evidence · table > 89 Context: 2,275 #### Tags used in scoring **Probable Reserve** Polarity: positive Definition: Indicated Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "probable" **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 **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 ### probable [Link to this fact](https://atlas-staging.minestarters.com/news/fortuna-reports-15-increase-yoy-in-consolidated-mineral-reserves-and-updates-est--4321db88-f70b-4f43-9f64-64b4a6501013#fact-resource-facts-16) Silver Mine Total · gold #### Identity - Project: Silver Mine Total - Commodity: gold - Ticker: FVI.TO #### Resource scope - Estimate type: reserve - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Eric Chapman, Raul Espinoza - Resource group id: resource:e4b9dd9689367113bd34 #### Resource Data - Category: probable - Tonnes: 2275000 - Grade: 0.28 - Grade Unit: g/t #### Prior Estimate - Resource Date: 2025-12-31 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-04-23T00:00:00.000Z Reasoning: The combined Proven and Probable gold reserves for Caylloma are part of the company's reserve base, but the project is facing depletion and metal price ratio impacts. - Positive factor: Combined Proven + Probable gold reserves for Caylloma. - Negative factor: Caylloma Mine's reserves were impacted by production depletion and changes in metal price ratios. Evidence · table > 0.28 Context: 2,275 #### Tags used in scoring **Probable Reserve** Polarity: positive Definition: Indicated Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "probable" **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 **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **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 ### probable [Link to this fact](https://atlas-staging.minestarters.com/news/fortuna-reports-15-increase-yoy-in-consolidated-mineral-reserves-and-updates-est--4321db88-f70b-4f43-9f64-64b4a6501013#fact-resource-facts-17) Silver Mine Total · lead #### Identity - Project: Silver Mine Total - Commodity: lead - Ticker: FVI.TO #### Resource scope - Estimate type: reserve - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Eric Chapman, Raul Espinoza - Resource group id: resource:e4b9dd9689367113bd34 #### Resource Data - Category: probable - Tonnes: 2275000 - Grade: 2.42 - Grade Unit: % #### Prior Estimate - Resource Date: 2025-12-31 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-04-23T00:00:00.000Z Reasoning: The combined Proven and Probable lead reserves for Caylloma are part of the company's reserve base, but the project is facing depletion and metal price ratio impacts. - Positive factor: Combined Proven + Probable lead reserves for Caylloma. - Negative factor: Caylloma Mine's reserves were impacted by production depletion and changes in metal price ratios. Evidence · table > 2.42 Context: 2,275 #### Tags used in scoring **Probable Reserve** Polarity: positive Definition: Indicated Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "probable" **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 **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **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 ### probable [Link to this fact](https://atlas-staging.minestarters.com/news/fortuna-reports-15-increase-yoy-in-consolidated-mineral-reserves-and-updates-est--4321db88-f70b-4f43-9f64-64b4a6501013#fact-resource-facts-18) Silver Mine Total · zinc #### Identity - Project: Silver Mine Total - Commodity: zinc - Ticker: FVI.TO #### Resource scope - Estimate type: reserve - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Eric Chapman, Raul Espinoza - Resource group id: resource:e4b9dd9689367113bd34 #### Resource Data - Category: probable - Tonnes: 2275000 - Grade: 3.5 - Grade Unit: % #### Prior Estimate - Resource Date: 2025-12-31 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-04-23T00:00:00.000Z Reasoning: The combined Proven and Probable zinc reserves for Caylloma are part of the company's reserve base, but the project is facing depletion and metal price ratio impacts. - Positive factor: Combined Proven + Probable zinc reserves for Caylloma. - Negative factor: Caylloma Mine's reserves were impacted by production depletion and changes in metal price ratios. Evidence · table > 3.50 Context: 2,275 #### Tags used in scoring **Probable Reserve** Polarity: positive Definition: Indicated Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "probable" **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 **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **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 ### probable [Link to this fact](https://atlas-staging.minestarters.com/news/fortuna-reports-15-increase-yoy-in-consolidated-mineral-reserves-and-updates-est--4321db88-f70b-4f43-9f64-64b4a6501013#fact-resource-facts-19) Consolidated Total #### Identity - Project: Consolidated Total - Ticker: FVI.TO #### Resource scope - Estimate type: reserve - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Eric Chapman, Raul Espinoza - Resource group id: resource:e04681627c60d6417a09 #### Resource Data - Category: probable - Contained Metal: 2961 - Contained Unit: koz #### Prior Estimate - Resource Date: 2026-03-31 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-04-23T00:00:00.000Z Reasoning: The consolidated total Proven and Probable GEOs show a significant year-over-year increase, indicating overall growth in the company's reserve base. - Positive factor: Consolidated Proven and Probable Mineral Reserves increased by 15% year-over-year to 3.0 million GEOs. Evidence · table > 2,961 Context: Proven + Probable #### Tags used in scoring **Probable Reserve** Polarity: positive Definition: Indicated Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "probable" **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 **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/fortuna-reports-15-increase-yoy-in-consolidated-mineral-reserves-and-updates-est--4321db88-f70b-4f43-9f64-64b4a6501013#fact-resource-facts-20) Séguéla · gold #### Identity - Project: Séguéla - Commodity: gold - Region: côte d’ivoire - Reported Region: Côte d’Ivoire - Ticker: FVI.TO #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Eric Chapman, Raul Espinoza - Resource group id: resource:e38de00cf99f16050436 - Ownership percent: 90 % #### Resource Data - Category: indicated - Tonnes: 5651000 - Grade: 2.58 - Grade Unit: g/t - Contained Metal: 469 - Contained Unit: koz - Cutoff Grade: 0.66 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2026-03-31 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-04-23T00:00:00.000Z Reasoning: Indicated resources at Séguéla show a significant increase in contained gold, contributing to the overall growth in M&I resources, despite a grade decrease. - Positive factor: Indicated resource category indicates good confidence. - Positive factor: Contributes to the 56% year-over-year increase in consolidated Measured and Indicated Resources. - Negative factor: Gold grade decreased from prior estimates for Séguéla M+I resources. Evidence · table > 2.58 Context: 5,651 #### 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 Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/fortuna-reports-15-increase-yoy-in-consolidated-mineral-reserves-and-updates-est--4321db88-f70b-4f43-9f64-64b4a6501013#fact-resource-facts-21) Gold Mines Total · gold #### Identity - Project: Gold Mines Total - Commodity: gold - Ticker: FVI.TO #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Eric Chapman, Raul Espinoza - Resource group id: resource:8a4fdac2bb1ad4d9f6aa #### Resource Data - Category: indicated - Tonnes: 5651000 - Grade: 2.58 - Grade Unit: g/t - Contained Metal: 469 - Contained Unit: koz #### Prior Estimate - Resource Date: 2026-03-31 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-04-23T00:00:00.000Z Reasoning: The combined M&I resources for Séguéla are a key part of the company's resource base, showing growth despite a grade reduction. - Positive factor: Combined Measured + Indicated resources for Séguéla contribute to the overall M&I resource growth. - Negative factor: Gold grade decreased from prior estimates for Séguéla M&I resources. Evidence · table > 2.58 Context: 5,651 #### 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 **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 ### measured [Link to this fact](https://atlas-staging.minestarters.com/news/fortuna-reports-15-increase-yoy-in-consolidated-mineral-reserves-and-updates-est--4321db88-f70b-4f43-9f64-64b4a6501013#fact-resource-facts-22) Lindero · gold #### Identity - Project: Lindero - Commodity: gold - Region: argentina - Reported Region: Argentina - Ticker: FVI.TO #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Eric Chapman, Raul Espinoza - Resource group id: resource:18dfbc95e3061323b3d7 #### Resource Data - Category: measured - Tonnes: 1692000 - Grade: 0.53 - Grade Unit: g/t - Contained Metal: 29 - Contained Unit: koz - Cutoff Grade: 0.23 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2025-12-31 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-04-23T00:00:00.000Z Reasoning: Measured resources at Lindero provide a high-confidence component to the company's resource base. - Positive factor: Measured resource category indicates high confidence. Evidence · table > 0.53 Context: 1,692 #### Tags used in scoring **Measured Resource** Polarity: positive Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves. Why it applies: category is "measured" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/fortuna-reports-15-increase-yoy-in-consolidated-mineral-reserves-and-updates-est--4321db88-f70b-4f43-9f64-64b4a6501013#fact-resource-facts-23) Lindero · gold #### Identity - Project: Lindero - Commodity: gold - Region: argentina - Reported Region: Argentina - Ticker: FVI.TO #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Eric Chapman, Raul Espinoza - Resource group id: resource:7e2d42f5602f68ad79cb #### Resource Data - Category: indicated - Tonnes: 26975000 - Grade: 0.43 - Grade Unit: g/t - Contained Metal: 375 - Contained Unit: koz - Cutoff Grade: 0.23 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2025-12-31 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-04-23T00:00:00.000Z Reasoning: Indicated resources at Lindero contribute to the company's resource base with good confidence. - Positive factor: Indicated resource category indicates good confidence. Evidence · table > 0.43 Context: 26,975 #### 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 Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/fortuna-reports-15-increase-yoy-in-consolidated-mineral-reserves-and-updates-est--4321db88-f70b-4f43-9f64-64b4a6501013#fact-resource-facts-24) Gold Mines Total · gold #### Identity - Project: Gold Mines Total - Commodity: gold - Ticker: FVI.TO #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Eric Chapman, Raul Espinoza - Resource group id: resource:8bb9305cd056869161c5 #### Resource Data - Category: indicated - Tonnes: 28668000 - Grade: 0.44 - Grade Unit: g/t - Contained Metal: 403 - Contained Unit: koz #### Prior Estimate - Resource Date: 2025-12-31 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-04-23T00:00:00.000Z Reasoning: The combined M&I resources for Lindero are a significant part of the company's resource base. - Positive factor: Combined Measured + Indicated resources for Lindero contribute to the overall M&I resource base. Evidence · table > 0.44 Context: 28,668 #### 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 **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/fortuna-reports-15-increase-yoy-in-consolidated-mineral-reserves-and-updates-est--4321db88-f70b-4f43-9f64-64b4a6501013#fact-resource-facts-25) Gold Mines Total · gold #### Identity - Project: Gold Mines Total - Commodity: gold - Ticker: FVI.TO #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Eric Chapman, Raul Espinoza - Resource group id: resource:0e965fd94b29bf12add3 #### Resource Data - Category: indicated - Tonnes: 34318000 - Grade: 0.79 - Grade Unit: g/t - Contained Metal: 873 - Contained Unit: koz #### Prior Estimate - Resource Date: 2025-12-31 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-04-23T00:00:00.000Z Reasoning: The consolidated M&I gold resources from all gold mines represent a significant asset base and show strong growth. - Positive factor: Total Measured + Indicated gold resources for all gold mines are substantial and show significant year-over-year increase. Evidence · table > 0.79 Context: 34,318 #### 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 **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 ### measured [Link to this fact](https://atlas-staging.minestarters.com/news/fortuna-reports-15-increase-yoy-in-consolidated-mineral-reserves-and-updates-est--4321db88-f70b-4f43-9f64-64b4a6501013#fact-resource-facts-26) Caylloma · silver #### Identity - Project: Caylloma - Commodity: silver - Region: peru - Reported Region: Peru - Ticker: FVI.TO #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Eric Chapman, Raul Espinoza - Resource group id: resource:61d9ae50147154a5d761 #### Resource Data - Category: measured - Tonnes: 39000 - Grade: 99 - Grade Unit: g/t - Contained Metal: 3 - Contained Unit: koz - Cutoff Grade: 58 - Cutoff Unit: $/t #### Prior Estimate - Resource Date: 2025-12-31 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-04-23T00:00:00.000Z Reasoning: Measured silver resources at Caylloma contribute to the company's base metal portfolio, but the project is facing depletion and metal price ratio impacts. - Positive factor: Measured resource category indicates high confidence. - Negative factor: Caylloma Mine's resources were impacted by production depletion and changes in metal price ratios. Evidence · table > 99 Context: 39 #### Tags used in scoring **Measured Resource** Polarity: positive Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves. Why it applies: category is "measured" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 ### measured [Link to this fact](https://atlas-staging.minestarters.com/news/fortuna-reports-15-increase-yoy-in-consolidated-mineral-reserves-and-updates-est--4321db88-f70b-4f43-9f64-64b4a6501013#fact-resource-facts-27) Caylloma · gold #### Identity - Project: Caylloma - Commodity: gold - Region: peru - Reported Region: Peru - Ticker: FVI.TO #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Eric Chapman, Raul Espinoza - Resource group id: resource:61d9ae50147154a5d761 #### Resource Data - Category: measured - Tonnes: 39000 - Grade: 0.31 - Grade Unit: g/t - Cutoff Grade: 58 - Cutoff Unit: $/t #### Prior Estimate - Resource Date: 2025-12-31 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-04-23T00:00:00.000Z Reasoning: Measured gold resources at Caylloma contribute to the company's base metal portfolio, but the project is facing depletion and metal price ratio impacts. - Positive factor: Measured resource category indicates high confidence. - Negative factor: Caylloma Mine's resources were impacted by production depletion and changes in metal price ratios. Evidence · table > 0.31 Context: 39 #### Tags used in scoring **Measured Resource** Polarity: positive Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves. Why it applies: category is "measured" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **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 ### measured [Link to this fact](https://atlas-staging.minestarters.com/news/fortuna-reports-15-increase-yoy-in-consolidated-mineral-reserves-and-updates-est--4321db88-f70b-4f43-9f64-64b4a6501013#fact-resource-facts-28) Caylloma · lead #### Identity - Project: Caylloma - Commodity: lead - Region: peru - Reported Region: Peru - Ticker: FVI.TO #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Eric Chapman, Raul Espinoza - Resource group id: resource:61d9ae50147154a5d761 #### Resource Data - Category: measured - Tonnes: 39000 - Grade: 1.3 - Grade Unit: % - Cutoff Grade: 58 - Cutoff Unit: $/t #### Prior Estimate - Resource Date: 2025-12-31 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-04-23T00:00:00.000Z Reasoning: Measured lead resources at Caylloma contribute to the company's base metal portfolio, but the project is facing depletion and metal price ratio impacts. - Positive factor: Measured resource category indicates high confidence. - Negative factor: Caylloma Mine's resources were impacted by production depletion and changes in metal price ratios. Evidence · table > 1.30 Context: 39 #### Tags used in scoring **Measured Resource** Polarity: positive Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves. Why it applies: category is "measured" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **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 ### measured [Link to this fact](https://atlas-staging.minestarters.com/news/fortuna-reports-15-increase-yoy-in-consolidated-mineral-reserves-and-updates-est--4321db88-f70b-4f43-9f64-64b4a6501013#fact-resource-facts-29) Caylloma · zinc #### Identity - Project: Caylloma - Commodity: zinc - Region: peru - Reported Region: Peru - Ticker: FVI.TO #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Eric Chapman, Raul Espinoza - Resource group id: resource:61d9ae50147154a5d761 #### Resource Data - Category: measured - Tonnes: 39000 - Grade: 2.27 - Grade Unit: % - Cutoff Grade: 58 - Cutoff Unit: $/t #### Prior Estimate - Resource Date: 2025-12-31 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-04-23T00:00:00.000Z Reasoning: Measured zinc resources at Caylloma contribute to the company's base metal portfolio, but the project is facing depletion and metal price ratio impacts. - Positive factor: Measured resource category indicates high confidence. - Negative factor: Caylloma Mine's resources were impacted by production depletion and changes in metal price ratios. Evidence · table > 2.27 Context: 39 #### Tags used in scoring **Measured Resource** Polarity: positive Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves. Why it applies: category is "measured" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **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 ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/fortuna-reports-15-increase-yoy-in-consolidated-mineral-reserves-and-updates-est--4321db88-f70b-4f43-9f64-64b4a6501013#fact-resource-facts-30) Caylloma · silver #### Identity - Project: Caylloma - Commodity: silver - Region: peru - Reported Region: Peru - Ticker: FVI.TO #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Eric Chapman, Raul Espinoza - Resource group id: resource:37ce340e5dc5ac8b65cd #### Resource Data - Category: indicated - Tonnes: 282000 - Grade: 95 - Grade Unit: g/t - Contained Metal: 21 - Contained Unit: koz - Cutoff Grade: 58 - Cutoff Unit: $/t #### Prior Estimate - Resource Date: 2025-12-31 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-04-23T00:00:00.000Z Reasoning: Indicated silver resources at Caylloma contribute to the company's base metal portfolio, but the project is facing depletion and metal price ratio impacts. - Positive factor: Indicated resource category indicates good confidence. - Negative factor: Caylloma Mine's resources were impacted by production depletion and changes in metal price ratios. Evidence · table > 95 Context: 282 #### 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 Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/fortuna-reports-15-increase-yoy-in-consolidated-mineral-reserves-and-updates-est--4321db88-f70b-4f43-9f64-64b4a6501013#fact-resource-facts-31) Caylloma · gold #### Identity - Project: Caylloma - Commodity: gold - Region: peru - Reported Region: Peru - Ticker: FVI.TO #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Eric Chapman, Raul Espinoza - Resource group id: resource:37ce340e5dc5ac8b65cd #### Resource Data - Category: indicated - Tonnes: 282000 - Grade: 0.18 - Grade Unit: g/t - Cutoff Grade: 58 - Cutoff Unit: $/t #### Prior Estimate - Resource Date: 2025-12-31 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-04-23T00:00:00.000Z Reasoning: Indicated gold resources at Caylloma contribute to the company's base metal portfolio, but the project is facing depletion and metal price ratio impacts. - Positive factor: Indicated resource category indicates good confidence. - Negative factor: Caylloma Mine's resources were impacted by production depletion and changes in metal price ratios. Evidence · table > 0.18 Context: 282 #### 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 Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **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 ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/fortuna-reports-15-increase-yoy-in-consolidated-mineral-reserves-and-updates-est--4321db88-f70b-4f43-9f64-64b4a6501013#fact-resource-facts-32) Caylloma · lead #### Identity - Project: Caylloma - Commodity: lead - Region: peru - Reported Region: Peru - Ticker: FVI.TO #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Eric Chapman, Raul Espinoza - Resource group id: resource:37ce340e5dc5ac8b65cd #### Resource Data - Category: indicated - Tonnes: 282000 - Grade: 1 - Grade Unit: % - Cutoff Grade: 58 - Cutoff Unit: $/t #### Prior Estimate - Resource Date: 2025-12-31 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-04-23T00:00:00.000Z Reasoning: Indicated lead resources at Caylloma contribute to the company's base metal portfolio, but the project is facing depletion and metal price ratio impacts. - Positive factor: Indicated resource category indicates good confidence. - Negative factor: Caylloma Mine's resources were impacted by production depletion and changes in metal price ratios. Evidence · table > 1.00 Context: 282 #### 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 Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **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 ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/fortuna-reports-15-increase-yoy-in-consolidated-mineral-reserves-and-updates-est--4321db88-f70b-4f43-9f64-64b4a6501013#fact-resource-facts-33) Caylloma · zinc #### Identity - Project: Caylloma - Commodity: zinc - Region: peru - Reported Region: Peru - Ticker: FVI.TO #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Eric Chapman, Raul Espinoza - Resource group id: resource:37ce340e5dc5ac8b65cd #### Resource Data - Category: indicated - Tonnes: 282000 - Grade: 2.18 - Grade Unit: % - Cutoff Grade: 58 - Cutoff Unit: $/t #### Prior Estimate - Resource Date: 2025-12-31 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-04-23T00:00:00.000Z Reasoning: Indicated zinc resources at Caylloma contribute to the company's base metal portfolio, but the project is facing depletion and metal price ratio impacts. - Positive factor: Indicated resource category indicates good confidence. - Negative factor: Caylloma Mine's resources were impacted by production depletion and changes in metal price ratios. Evidence · table > 2.18 Context: 282 #### 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 Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **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 ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/fortuna-reports-15-increase-yoy-in-consolidated-mineral-reserves-and-updates-est--4321db88-f70b-4f43-9f64-64b4a6501013#fact-resource-facts-34) Silver Mine Total · silver #### Identity - Project: Silver Mine Total - Commodity: silver - Ticker: FVI.TO #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Eric Chapman, Raul Espinoza - Resource group id: resource:ad008f298a89ba681ccf #### Resource Data - Category: indicated - Tonnes: 321000 - Grade: 95 - Grade Unit: g/t - Contained Metal: 25 - Contained Unit: koz #### Prior Estimate - Resource Date: 2025-12-31 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-04-23T00:00:00.000Z Reasoning: The combined M&I silver resources for Caylloma are part of the company's resource base, but the project is facing depletion and metal price ratio impacts. - Positive factor: Combined Measured + Indicated silver resources for Caylloma. - Negative factor: Caylloma Mine's resources were impacted by production depletion and changes in metal price ratios. Evidence · table > 95 Context: 321 #### 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 **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/fortuna-reports-15-increase-yoy-in-consolidated-mineral-reserves-and-updates-est--4321db88-f70b-4f43-9f64-64b4a6501013#fact-resource-facts-35) Silver Mine Total · gold #### Identity - Project: Silver Mine Total - Commodity: gold - Ticker: FVI.TO #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Eric Chapman, Raul Espinoza - Resource group id: resource:ad008f298a89ba681ccf #### Resource Data - Category: indicated - Tonnes: 321000 - Grade: 0.2 - Grade Unit: g/t #### Prior Estimate - Resource Date: 2025-12-31 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-04-23T00:00:00.000Z Reasoning: The combined M&I gold resources for Caylloma are part of the company's resource base, but the project is facing depletion and metal price ratio impacts. - Positive factor: Combined Measured + Indicated gold resources for Caylloma. - Negative factor: Caylloma Mine's resources were impacted by production depletion and changes in metal price ratios. Evidence · table > 0.20 Context: 321 #### 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 **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **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 ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/fortuna-reports-15-increase-yoy-in-consolidated-mineral-reserves-and-updates-est--4321db88-f70b-4f43-9f64-64b4a6501013#fact-resource-facts-36) Silver Mine Total · lead #### Identity - Project: Silver Mine Total - Commodity: lead - Ticker: FVI.TO #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Eric Chapman, Raul Espinoza - Resource group id: resource:ad008f298a89ba681ccf #### Resource Data - Category: indicated - Tonnes: 321000 - Grade: 1.03 - Grade Unit: % #### Prior Estimate - Resource Date: 2025-12-31 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-04-23T00:00:00.000Z Reasoning: The combined M&I lead resources for Caylloma are part of the company's resource base, but the project is facing depletion and metal price ratio impacts. - Positive factor: Combined Measured + Indicated lead resources for Caylloma. - Negative factor: Caylloma Mine's resources were impacted by production depletion and changes in metal price ratios. Evidence · table > 1.03 Context: 321 #### 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 **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **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 ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/fortuna-reports-15-increase-yoy-in-consolidated-mineral-reserves-and-updates-est--4321db88-f70b-4f43-9f64-64b4a6501013#fact-resource-facts-37) Silver Mine Total · zinc #### Identity - Project: Silver Mine Total - Commodity: zinc - Ticker: FVI.TO #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Eric Chapman, Raul Espinoza - Resource group id: resource:ad008f298a89ba681ccf #### Resource Data - Category: indicated - Tonnes: 321000 - Grade: 2.19 - Grade Unit: % #### Prior Estimate - Resource Date: 2025-12-31 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-04-23T00:00:00.000Z Reasoning: The combined M&I zinc resources for Caylloma are part of the company's resource base, but the project is facing depletion and metal price ratio impacts. - Positive factor: Combined Measured + Indicated zinc resources for Caylloma. - Negative factor: Caylloma Mine's resources were impacted by production depletion and changes in metal price ratios. Evidence · table > 2.19 Context: 321 #### 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 **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **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 ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/fortuna-reports-15-increase-yoy-in-consolidated-mineral-reserves-and-updates-est--4321db88-f70b-4f43-9f64-64b4a6501013#fact-resource-facts-38) Diamba Sud · gold #### Identity - Project: Diamba Sud - Commodity: gold - Region: senegal - Reported Region: Senegal - Ticker: FVI.TO #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Eric Chapman, Raul Espinoza - Resource group id: resource:95cddd9c15753f584e51 #### Resource Data - Category: indicated - Tonnes: 26027000 - Grade: 1.5 - Grade Unit: g/t - Contained Metal: 1254 - Contained Unit: koz - Cutoff Grade: 0.26 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2026-01-16 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-04-23T00:00:00.000Z Reasoning: Indicated resources at Diamba Sud show substantial growth in contained gold, indicating successful drilling and progress towards a construction decision, despite a grade decrease. - Positive factor: Indicated resource category indicates good confidence. - Positive factor: Significant 165% increase in Indicated Resource gold ounces. - Positive factor: Feasibility study on track for first-time reporting of Mineral Reserves. - Negative factor: Gold grade decreased by 21% for M+I resources. Evidence · table > 1.50 Context: 26,027 #### 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 Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/fortuna-reports-15-increase-yoy-in-consolidated-mineral-reserves-and-updates-est--4321db88-f70b-4f43-9f64-64b4a6501013#fact-resource-facts-39) Gold Project Total · gold #### Identity - Project: Gold Project Total - Commodity: gold - Ticker: FVI.TO #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Eric Chapman, Raul Espinoza - Resource group id: resource:fd9eb9d5127f3560df1d #### Resource Data - Category: indicated - Tonnes: 26027000 - Grade: 1.5 - Grade Unit: g/t - Contained Metal: 1254 - Contained Unit: koz #### Prior Estimate - Resource Date: 2026-01-16 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-04-23T00:00:00.000Z Reasoning: The combined M&I resources for Diamba Sud are a key growth driver for the company, showing substantial increase in contained gold despite a grade reduction. - Positive factor: Combined Measured + Indicated resources for Diamba Sud show significant growth. - Negative factor: Gold grade decreased by 21% for M+I resources. Evidence · table > 1.50 Context: 26,027 #### 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 **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/fortuna-reports-15-increase-yoy-in-consolidated-mineral-reserves-and-updates-est--4321db88-f70b-4f43-9f64-64b4a6501013#fact-resource-facts-40) Consolidated Total #### Identity - Project: Consolidated Total - Ticker: FVI.TO #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Eric Chapman, Raul Espinoza - Resource group id: resource:2a2a4382049b471aee8a #### Resource Data - Category: indicated - Contained Metal: 2151 - Contained Unit: koz #### Prior Estimate - Resource Date: 2026-03-31 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-04-23T00:00:00.000Z Reasoning: The consolidated total Measured and Indicated GEOs show a significant year-over-year increase, indicating strong growth in the company's higher-confidence resource base. - Positive factor: Consolidated Measured and Indicated Resources increased by 56% year-over-year to 2.1 million GEOs. Evidence · table > 2,151 Context: Measured + Indicated #### 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 **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/fortuna-reports-15-increase-yoy-in-consolidated-mineral-reserves-and-updates-est--4321db88-f70b-4f43-9f64-64b4a6501013#fact-resource-facts-41) Séguéla · gold #### Identity - Project: Séguéla - Commodity: gold - Region: côte d’ivoire - Reported Region: Côte d’Ivoire - Ticker: FVI.TO #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Eric Chapman, Raul Espinoza - Resource group id: resource:15c756036291e74fb821 - Ownership percent: 90 % #### Resource Data - Category: inferred - Tonnes: 9989000 - Grade: 2.74 - Grade Unit: g/t - Contained Metal: 879 - Contained Unit: koz - Cutoff Grade: 0.66 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2026-03-31 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-04-23T00:00:00.000Z Reasoning: Inferred resources at Séguéla show a significant increase in contained gold, contributing to overall resource growth, but this category has lower confidence and experienced a grade decrease. - Positive factor: Contributes to the 4% year-over-year increase in consolidated Inferred Mineral Resources. - Positive factor: Séguéla's Sunbird deposit saw a 55% increase in Inferred Mineral Resources. - Negative factor: Inferred resource category has lower geological confidence. - Negative factor: Gold grade decreased by 4% for Inferred resources. Evidence · table > 2.74 Context: 9,989 #### 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 Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/fortuna-reports-15-increase-yoy-in-consolidated-mineral-reserves-and-updates-est--4321db88-f70b-4f43-9f64-64b4a6501013#fact-resource-facts-42) Lindero · gold #### Identity - Project: Lindero - Commodity: gold - Region: argentina - Reported Region: Argentina - Ticker: FVI.TO #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Eric Chapman, Raul Espinoza - Resource group id: resource:99a2a1d9ba0641cd6cc7 #### Resource Data - Category: inferred - Tonnes: 29330000 - Grade: 0.46 - Grade Unit: g/t - Contained Metal: 434 - Contained Unit: koz - Cutoff Grade: 0.23 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2025-12-31 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-04-23T00:00:00.000Z Reasoning: Inferred resources at Lindero contribute to the company's resource base, but this category has lower confidence. - Negative factor: Inferred resource category has lower geological confidence. Evidence · table > 0.46 Context: 29,330 #### 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 Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/fortuna-reports-15-increase-yoy-in-consolidated-mineral-reserves-and-updates-est--4321db88-f70b-4f43-9f64-64b4a6501013#fact-resource-facts-43) Gold Mines Total · gold #### Identity - Project: Gold Mines Total - Commodity: gold - Ticker: FVI.TO #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Eric Chapman, Raul Espinoza - Resource group id: resource:baf53c0fd8a88c4f9c2f #### Resource Data - Category: inferred - Tonnes: 39319000 - Grade: 1.04 - Grade Unit: g/t - Contained Metal: 1313 - Contained Unit: koz #### Prior Estimate - Resource Date: 2025-12-31 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-04-23T00:00:00.000Z Reasoning: The consolidated Inferred gold resources from all gold mines represent a significant potential asset base, but with lower geological confidence. - Positive factor: Combined Inferred gold resources for all gold mines are substantial. - Negative factor: Inferred resource category has lower geological confidence. Evidence · table > 1.04 Context: 39,319 #### 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 **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/fortuna-reports-15-increase-yoy-in-consolidated-mineral-reserves-and-updates-est--4321db88-f70b-4f43-9f64-64b4a6501013#fact-resource-facts-44) Caylloma · silver #### Identity - Project: Caylloma - Commodity: silver - Region: peru - Reported Region: Peru - Ticker: FVI.TO #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Eric Chapman, Raul Espinoza - Resource group id: resource:97d89833930df53561eb #### Resource Data - Category: inferred - Tonnes: 3901000 - Grade: 96 - Grade Unit: g/t - Contained Metal: 381 - Contained Unit: koz - Cutoff Grade: 58 - Cutoff Unit: $/t #### Prior Estimate - Resource Date: 2025-12-31 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-04-23T00:00:00.000Z Reasoning: Inferred silver resources at Caylloma contribute to the company's base metal portfolio, but this category has lower confidence and the project is facing depletion and metal price ratio impacts. - Negative factor: Inferred resource category has lower geological confidence. - Negative factor: Caylloma Mine's resources were impacted by production depletion and changes in metal price ratios. Evidence · table > 96 Context: 3,901 #### 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 Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/fortuna-reports-15-increase-yoy-in-consolidated-mineral-reserves-and-updates-est--4321db88-f70b-4f43-9f64-64b4a6501013#fact-resource-facts-45) Caylloma · gold #### Identity - Project: Caylloma - Commodity: gold - Region: peru - Reported Region: Peru - Ticker: FVI.TO #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Eric Chapman, Raul Espinoza - Resource group id: resource:97d89833930df53561eb #### Resource Data - Category: inferred - Tonnes: 3901000 - Grade: 0.38 - Grade Unit: g/t - Cutoff Grade: 58 - Cutoff Unit: $/t #### Prior Estimate - Resource Date: 2025-12-31 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-04-23T00:00:00.000Z Reasoning: Inferred gold resources at Caylloma contribute to the company's base metal portfolio, but this category has lower confidence and the project is facing depletion and metal price ratio impacts. - Negative factor: Inferred resource category has lower geological confidence. - Negative factor: Caylloma Mine's resources were impacted by production depletion and changes in metal price ratios. Evidence · table > 0.38 Context: 3,901 #### 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 Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **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 ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/fortuna-reports-15-increase-yoy-in-consolidated-mineral-reserves-and-updates-est--4321db88-f70b-4f43-9f64-64b4a6501013#fact-resource-facts-46) Caylloma · lead #### Identity - Project: Caylloma - Commodity: lead - Region: peru - Reported Region: Peru - Ticker: FVI.TO #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Eric Chapman, Raul Espinoza - Resource group id: resource:97d89833930df53561eb #### Resource Data - Category: inferred - Tonnes: 3901000 - Grade: 1.83 - Grade Unit: % - Cutoff Grade: 58 - Cutoff Unit: $/t #### Prior Estimate - Resource Date: 2025-12-31 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-04-23T00:00:00.000Z Reasoning: Inferred lead resources at Caylloma contribute to the company's base metal portfolio, but this category has lower confidence and the project is facing depletion and metal price ratio impacts. - Negative factor: Inferred resource category has lower geological confidence. - Negative factor: Caylloma Mine's resources were impacted by production depletion and changes in metal price ratios. Evidence · table > 1.83 Context: 3,901 #### 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 Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **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 ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/fortuna-reports-15-increase-yoy-in-consolidated-mineral-reserves-and-updates-est--4321db88-f70b-4f43-9f64-64b4a6501013#fact-resource-facts-47) Caylloma · zinc #### Identity - Project: Caylloma - Commodity: zinc - Region: peru - Reported Region: Peru - Ticker: FVI.TO #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Eric Chapman, Raul Espinoza - Resource group id: resource:97d89833930df53561eb #### Resource Data - Category: inferred - Tonnes: 3901000 - Grade: 2.81 - Grade Unit: % - Cutoff Grade: 58 - Cutoff Unit: $/t #### Prior Estimate - Resource Date: 2025-12-31 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-04-23T00:00:00.000Z Reasoning: Inferred zinc resources at Caylloma contribute to the company's base metal portfolio, but this category has lower confidence and the project is facing depletion and metal price ratio impacts. - Negative factor: Inferred resource category has lower geological confidence. - Negative factor: Caylloma Mine's resources were impacted by production depletion and changes in metal price ratios. Evidence · table > 2.81 Context: 3,901 #### 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 Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **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 ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/fortuna-reports-15-increase-yoy-in-consolidated-mineral-reserves-and-updates-est--4321db88-f70b-4f43-9f64-64b4a6501013#fact-resource-facts-48) Silver Mine Total · silver #### Identity - Project: Silver Mine Total - Commodity: silver - Ticker: FVI.TO #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Eric Chapman, Raul Espinoza - Resource group id: resource:94a57553694e78508973 #### Resource Data - Category: inferred - Tonnes: 3901000 - Grade: 96 - Grade Unit: g/t - Contained Metal: 381 - Contained Unit: koz #### Prior Estimate - Resource Date: 2025-12-31 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-04-23T00:00:00.000Z Reasoning: The combined Inferred silver resources for Caylloma are part of the company's resource base, but this category has lower confidence and the project is facing depletion and metal price ratio impacts. - Negative factor: Inferred resource category has lower geological confidence. - Negative factor: Caylloma Mine's resources were impacted by production depletion and changes in metal price ratios. Evidence · table > 96 Context: 3,901 #### 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 **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/fortuna-reports-15-increase-yoy-in-consolidated-mineral-reserves-and-updates-est--4321db88-f70b-4f43-9f64-64b4a6501013#fact-resource-facts-49) Silver Mine Total · gold #### Identity - Project: Silver Mine Total - Commodity: gold - Ticker: FVI.TO #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Eric Chapman, Raul Espinoza - Resource group id: resource:94a57553694e78508973 #### Resource Data - Category: inferred - Tonnes: 3901000 - Grade: 0.38 - Grade Unit: g/t #### Prior Estimate - Resource Date: 2025-12-31 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-04-23T00:00:00.000Z Reasoning: The combined Inferred gold resources for Caylloma are part of the company's resource base, but this category has lower confidence and the project is facing depletion and metal price ratio impacts. - Negative factor: Inferred resource category has lower geological confidence. - Negative factor: Caylloma Mine's resources were impacted by production depletion and changes in metal price ratios. Evidence · table > 0.38 Context: 3,901 #### 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 **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **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 ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/fortuna-reports-15-increase-yoy-in-consolidated-mineral-reserves-and-updates-est--4321db88-f70b-4f43-9f64-64b4a6501013#fact-resource-facts-50) Silver Mine Total · lead #### Identity - Project: Silver Mine Total - Commodity: lead - Ticker: FVI.TO #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Eric Chapman, Raul Espinoza - Resource group id: resource:94a57553694e78508973 #### Resource Data - Category: inferred - Tonnes: 3901000 - Grade: 1.83 - Grade Unit: % #### Prior Estimate - Resource Date: 2025-12-31 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-04-23T00:00:00.000Z Reasoning: The combined Inferred lead resources for Caylloma are part of the company's resource base, but this category has lower confidence and the project is facing depletion and metal price ratio impacts. - Negative factor: Inferred resource category has lower geological confidence. - Negative factor: Caylloma Mine's resources were impacted by production depletion and changes in metal price ratios. Evidence · table > 1.83 Context: 3,901 #### 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 **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **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 ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/fortuna-reports-15-increase-yoy-in-consolidated-mineral-reserves-and-updates-est--4321db88-f70b-4f43-9f64-64b4a6501013#fact-resource-facts-51) Silver Mine Total · zinc #### Identity - Project: Silver Mine Total - Commodity: zinc - Ticker: FVI.TO #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Eric Chapman, Raul Espinoza - Resource group id: resource:94a57553694e78508973 #### Resource Data - Category: inferred - Tonnes: 3901000 - Grade: 2.81 - Grade Unit: % #### Prior Estimate - Resource Date: 2025-12-31 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-04-23T00:00:00.000Z Reasoning: The combined Inferred zinc resources for Caylloma are part of the company's resource base, but this category has lower confidence and the project is facing depletion and metal price ratio impacts. - Negative factor: Inferred resource category has lower geological confidence. - Negative factor: Caylloma Mine's resources were impacted by production depletion and changes in metal price ratios. Evidence · table > 2.81 Context: 3,901 #### 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 **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **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 ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/fortuna-reports-15-increase-yoy-in-consolidated-mineral-reserves-and-updates-est--4321db88-f70b-4f43-9f64-64b4a6501013#fact-resource-facts-52) Arizaro · gold #### Identity - Project: Arizaro - Commodity: gold - Region: argentina - Reported Region: Argentina - Ticker: FVI.TO #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Eric Chapman, Raul Espinoza - Resource group id: resource:bde70398ebbc40c5de6d #### Resource Data - Category: inferred - Tonnes: 32900000 - Grade: 0.38 - Grade Unit: g/t - Contained Metal: 402 - Contained Unit: koz - Cutoff Grade: 0.23 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2025-12-31 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-04-23T00:00:00.000Z Reasoning: Inferred resources at Arizaro show a modest increase in contained gold, contributing to the company's exploration pipeline, but with lower confidence. - Positive factor: Contained gold ounces increased by 3% compared to the prior year. - Negative factor: Inferred resource category has lower geological confidence. Evidence · table > 0.38 Context: 32,900 #### 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 Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/fortuna-reports-15-increase-yoy-in-consolidated-mineral-reserves-and-updates-est--4321db88-f70b-4f43-9f64-64b4a6501013#fact-resource-facts-53) Diamba Sud · gold #### Identity - Project: Diamba Sud - Commodity: gold - Region: senegal - Reported Region: Senegal - Ticker: FVI.TO #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Eric Chapman, Raul Espinoza - Resource group id: resource:87deb9143f8a9b5bbe1c #### Resource Data - Category: inferred - Tonnes: 2105000 - Grade: 1.13 - Grade Unit: g/t - Contained Metal: 77 - Contained Unit: koz - Cutoff Grade: 0.26 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2026-01-16 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-04-23T00:00:00.000Z Reasoning: Inferred resources at Diamba Sud decreased due to successful upgrading to higher confidence categories, which is a positive, but the remaining inferred grade also decreased. - Negative factor: Inferred resource category has lower geological confidence. - Negative factor: Inferred Mineral Resource tonnes decreased due to upgrading to higher classification categories. - Negative factor: Gold grade decreased by 23% for Inferred resources. Evidence · table > 1.13 Context: 2,105 #### 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 Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/fortuna-reports-15-increase-yoy-in-consolidated-mineral-reserves-and-updates-est--4321db88-f70b-4f43-9f64-64b4a6501013#fact-resource-facts-54) Gold Projects Total · gold #### Identity - Project: Gold Projects Total - Commodity: gold - Ticker: FVI.TO #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Eric Chapman, Raul Espinoza - Resource group id: resource:faa9144829d6bb07f0d0 #### Resource Data - Category: inferred - Tonnes: 35005000 - Grade: 0.43 - Grade Unit: g/t - Contained Metal: 479 - Contained Unit: koz #### Prior Estimate - Resource Date: 2025-12-31 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-04-23T00:00:00.000Z Reasoning: The combined Inferred gold resources for gold projects represent potential future growth, but with lower confidence. - Negative factor: Inferred resource category has lower geological confidence. Evidence · table > 0.43 Context: 35,005 #### 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 **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/fortuna-reports-15-increase-yoy-in-consolidated-mineral-reserves-and-updates-est--4321db88-f70b-4f43-9f64-64b4a6501013#fact-resource-facts-55) Consolidated Total #### Identity - Project: Consolidated Total - Ticker: FVI.TO #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Eric Chapman, Raul Espinoza - Resource group id: resource:d1313b434d0b4a7a7166 #### Resource Data - Category: inferred - Contained Metal: 2172 - Contained Unit: koz #### Prior Estimate - Resource Date: 2026-03-31 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-04-23T00:00:00.000Z Reasoning: The consolidated total Inferred GEOs show a modest year-over-year increase, indicating continued exploration success, but this category has lower confidence. - Positive factor: Consolidated Inferred Mineral Resources increased by 4% year-over-year to 2.2 million GEOs. - Negative factor: Inferred resource category has lower geological confidence. Evidence · table > 2,172 Context: Inferred #### 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 **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 ### proven [Link to this fact](https://atlas-staging.minestarters.com/news/fortuna-reports-15-increase-yoy-in-consolidated-mineral-reserves-and-updates-est--4321db88-f70b-4f43-9f64-64b4a6501013#fact-resource-facts-56) Mineral Reserves - Proven and Probable · gold #### Identity - Project: Mineral Reserves - Proven and Probable - Commodity: gold - Ticker: FVI.TO #### Resource scope - Estimate type: reserve - Resource group id: resource:73e696d7af0b3a17a89b #### Resource Data - Category: proven - Tonnes: 588 - Grade: 1.6 - Grade Unit: g/t #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-04-23T00:00:00.000Z Reasoning: Expanded from multi-commodity resource table for completeness. - Negative factor: Fact expanded from resource table columns \(model omitted this commodity\). Evidence · table > 1.60 Context: 588 #### Tags used in scoring **Proven Reserve** Polarity: positive Definition: Measured Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "proven" **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 **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 ### probable [Link to this fact](https://atlas-staging.minestarters.com/news/fortuna-reports-15-increase-yoy-in-consolidated-mineral-reserves-and-updates-est--4321db88-f70b-4f43-9f64-64b4a6501013#fact-resource-facts-57) Mineral Reserves - Proven and Probable · gold #### Identity - Project: Mineral Reserves - Proven and Probable - Commodity: gold - Ticker: FVI.TO #### Resource scope - Estimate type: reserve - Resource group id: resource:cad308669b43f0537a0a #### Resource Data - Category: probable - Tonnes: 15768 - Grade: 3.13 - Grade Unit: g/t #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-04-23T00:00:00.000Z Reasoning: Expanded from multi-commodity resource table for completeness. - Negative factor: Fact expanded from resource table columns \(model omitted this commodity\). Evidence · table > 3.13 Context: 15,768 #### Tags used in scoring **Probable Reserve** Polarity: positive Definition: Indicated Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "probable" **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 **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 ### probable [Link to this fact](https://atlas-staging.minestarters.com/news/fortuna-reports-15-increase-yoy-in-consolidated-mineral-reserves-and-updates-est--4321db88-f70b-4f43-9f64-64b4a6501013#fact-resource-facts-58) Mineral Reserves - Proven and Probable · gold #### Identity - Project: Mineral Reserves - Proven and Probable - Commodity: gold - Ticker: FVI.TO #### Resource scope - Estimate type: reserve - Resource group id: resource:43c245a5dc6353abf471 #### Resource Data - Category: probable - Tonnes: 16356 - Grade: 3.01 - Grade Unit: g/t #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-04-23T00:00:00.000Z Reasoning: Expanded from multi-commodity resource table for completeness. - Negative factor: Fact expanded from resource table columns \(model omitted this commodity\). Evidence · table > 3.01 Context: 16,356 #### Tags used in scoring **Probable Reserve** Polarity: positive Definition: Indicated Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "probable" **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 **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 ### proven [Link to this fact](https://atlas-staging.minestarters.com/news/fortuna-reports-15-increase-yoy-in-consolidated-mineral-reserves-and-updates-est--4321db88-f70b-4f43-9f64-64b4a6501013#fact-resource-facts-59) Mineral Reserves - Proven and Probable · gold #### Identity - Project: Mineral Reserves - Proven and Probable - Commodity: gold - Ticker: FVI.TO #### Resource scope - Estimate type: reserve - Resource group id: resource:a582266e44e9b4155f7b #### Resource Data - Category: proven - Tonnes: 22291 - Grade: 0.54 - Grade Unit: g/t #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-04-23T00:00:00.000Z Reasoning: Expanded from multi-commodity resource table for completeness. - Negative factor: Fact expanded from resource table columns \(model omitted this commodity\). Evidence · table > 0.54 Context: 22,291 #### Tags used in scoring **Proven Reserve** Polarity: positive Definition: Measured Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "proven" **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 **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 ### probable [Link to this fact](https://atlas-staging.minestarters.com/news/fortuna-reports-15-increase-yoy-in-consolidated-mineral-reserves-and-updates-est--4321db88-f70b-4f43-9f64-64b4a6501013#fact-resource-facts-60) Mineral Reserves - Proven and Probable · gold #### Identity - Project: Mineral Reserves - Proven and Probable - Commodity: gold - Ticker: FVI.TO #### Resource scope - Estimate type: reserve - Resource group id: resource:a931fc43c560e6a3476b #### Resource Data - Category: probable - Tonnes: 42064 - Grade: 0.53 - Grade Unit: g/t #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-04-23T00:00:00.000Z Reasoning: Expanded from multi-commodity resource table for completeness. - Negative factor: Fact expanded from resource table columns \(model omitted this commodity\). Evidence · table > 0.53 Context: 42,064 #### Tags used in scoring **Probable Reserve** Polarity: positive Definition: Indicated Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "probable" **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 **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 ### probable [Link to this fact](https://atlas-staging.minestarters.com/news/fortuna-reports-15-increase-yoy-in-consolidated-mineral-reserves-and-updates-est--4321db88-f70b-4f43-9f64-64b4a6501013#fact-resource-facts-61) Mineral Reserves - Proven and Probable · gold #### Identity - Project: Mineral Reserves - Proven and Probable - Commodity: gold - Ticker: FVI.TO #### Resource scope - Estimate type: reserve - Resource group id: resource:cd451e1ae331c899fc53 #### Resource Data - Category: probable - Tonnes: 64355 - Grade: 0.54 - Grade Unit: g/t #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-04-23T00:00:00.000Z Reasoning: Expanded from multi-commodity resource table for completeness. - Negative factor: Fact expanded from resource table columns \(model omitted this commodity\). Evidence · table > 0.54 Context: 64,355 #### Tags used in scoring **Probable Reserve** Polarity: positive Definition: Indicated Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "probable" **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 **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 ### probable [Link to this fact](https://atlas-staging.minestarters.com/news/fortuna-reports-15-increase-yoy-in-consolidated-mineral-reserves-and-updates-est--4321db88-f70b-4f43-9f64-64b4a6501013#fact-resource-facts-62) Mineral Reserves - Proven and Probable · gold #### Identity - Project: Mineral Reserves - Proven and Probable - Commodity: gold - Ticker: FVI.TO #### Resource scope - Estimate type: reserve - Resource group id: resource:f3b9516abcb805f7fcca #### Resource Data - Category: probable - Tonnes: 80711 - Grade: 1.04 - Grade Unit: g/t #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-04-23T00:00:00.000Z Reasoning: Expanded from multi-commodity resource table for completeness. - Negative factor: Fact expanded from resource table columns \(model omitted this commodity\). Evidence · table > 1.04 Context: 80,711 #### Tags used in scoring **Probable Reserve** Polarity: positive Definition: Indicated Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "probable" **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 **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 ### proven [Link to this fact](https://atlas-staging.minestarters.com/news/fortuna-reports-15-increase-yoy-in-consolidated-mineral-reserves-and-updates-est--4321db88-f70b-4f43-9f64-64b4a6501013#fact-resource-facts-63) Mineral Reserves - Proven and Probable · silver #### Identity - Project: Mineral Reserves - Proven and Probable - Commodity: silver - Ticker: FVI.TO #### Resource scope - Estimate type: reserve - Resource group id: resource:4b4d6fee3b1537f74b2e #### Resource Data - Category: proven - Tonnes: 171 - Grade: 114 - Grade Unit: g/t #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-04-23T00:00:00.000Z Reasoning: Expanded from multi-commodity resource table for completeness. - Negative factor: Fact expanded from resource table columns \(model omitted this commodity\). Evidence · table > 114 Context: 171 #### Tags used in scoring **Proven Reserve** Polarity: positive Definition: Measured Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "proven" **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 **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 ### proven [Link to this fact](https://atlas-staging.minestarters.com/news/fortuna-reports-15-increase-yoy-in-consolidated-mineral-reserves-and-updates-est--4321db88-f70b-4f43-9f64-64b4a6501013#fact-resource-facts-64) Mineral Reserves - Proven and Probable · gold #### Identity - Project: Mineral Reserves - Proven and Probable - Commodity: gold - Ticker: FVI.TO #### Resource scope - Estimate type: reserve - Resource group id: resource:4b4d6fee3b1537f74b2e #### Resource Data - Category: proven - Tonnes: 171 - Grade: 0.38 - Grade Unit: g/t #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-04-23T00:00:00.000Z Reasoning: Expanded from multi-commodity resource table for completeness. - Negative factor: Fact expanded from resource table columns \(model omitted this commodity\). Evidence · table > 0.38 Context: 171 #### Tags used in scoring **Proven Reserve** Polarity: positive Definition: Measured Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "proven" **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 **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 ### proven [Link to this fact](https://atlas-staging.minestarters.com/news/fortuna-reports-15-increase-yoy-in-consolidated-mineral-reserves-and-updates-est--4321db88-f70b-4f43-9f64-64b4a6501013#fact-resource-facts-65) Mineral Reserves - Proven and Probable · lead #### Identity - Project: Mineral Reserves - Proven and Probable - Commodity: lead - Ticker: FVI.TO #### Resource scope - Estimate type: reserve - Resource group id: resource:4b4d6fee3b1537f74b2e #### Resource Data - Category: proven - Tonnes: 171 - Grade: 2.8 - Grade Unit: % #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-04-23T00:00:00.000Z Reasoning: Expanded from multi-commodity resource table for completeness. - Negative factor: Fact expanded from resource table columns \(model omitted this commodity\). Evidence · table > 2.80 Context: 171 #### Tags used in scoring **Proven Reserve** Polarity: positive Definition: Measured Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "proven" **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 **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 ### proven [Link to this fact](https://atlas-staging.minestarters.com/news/fortuna-reports-15-increase-yoy-in-consolidated-mineral-reserves-and-updates-est--4321db88-f70b-4f43-9f64-64b4a6501013#fact-resource-facts-66) Mineral Reserves - Proven and Probable · zinc #### Identity - Project: Mineral Reserves - Proven and Probable - Commodity: zinc - Ticker: FVI.TO #### Resource scope - Estimate type: reserve - Resource group id: resource:4b4d6fee3b1537f74b2e #### Resource Data - Category: proven - Tonnes: 171 - Grade: 2.77 - Grade Unit: % #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-04-23T00:00:00.000Z Reasoning: Expanded from multi-commodity resource table for completeness. - Negative factor: Fact expanded from resource table columns \(model omitted this commodity\). Evidence · table > 2.77 Context: 171 #### Tags used in scoring **Proven Reserve** Polarity: positive Definition: Measured Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "proven" **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 **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 ### probable [Link to this fact](https://atlas-staging.minestarters.com/news/fortuna-reports-15-increase-yoy-in-consolidated-mineral-reserves-and-updates-est--4321db88-f70b-4f43-9f64-64b4a6501013#fact-resource-facts-67) Mineral Reserves - Proven and Probable · silver #### Identity - Project: Mineral Reserves - Proven and Probable - Commodity: silver - Ticker: FVI.TO #### Resource scope - Estimate type: reserve - Resource group id: resource:fdb6e78d9fb6a468c4ce #### Resource Data - Category: probable - Tonnes: 2104 - Grade: 86 - Grade Unit: g/t #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-04-23T00:00:00.000Z Reasoning: Expanded from multi-commodity resource table for completeness. - Negative factor: Fact expanded from resource table columns \(model omitted this commodity\). Evidence · table > 86 Context: 2,104 #### Tags used in scoring **Probable Reserve** Polarity: positive Definition: Indicated Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "probable" **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 **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 ### probable [Link to this fact](https://atlas-staging.minestarters.com/news/fortuna-reports-15-increase-yoy-in-consolidated-mineral-reserves-and-updates-est--4321db88-f70b-4f43-9f64-64b4a6501013#fact-resource-facts-68) Mineral Reserves - Proven and Probable · gold #### Identity - Project: Mineral Reserves - Proven and Probable - Commodity: gold - Ticker: FVI.TO #### Resource scope - Estimate type: reserve - Resource group id: resource:fdb6e78d9fb6a468c4ce #### Resource Data - Category: probable - Tonnes: 2104 - Grade: 0.27 - Grade Unit: g/t #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-04-23T00:00:00.000Z Reasoning: Expanded from multi-commodity resource table for completeness. - Negative factor: Fact expanded from resource table columns \(model omitted this commodity\). Evidence · table > 0.27 Context: 2,104 #### Tags used in scoring **Probable Reserve** Polarity: positive Definition: Indicated Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "probable" **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 **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 ### probable [Link to this fact](https://atlas-staging.minestarters.com/news/fortuna-reports-15-increase-yoy-in-consolidated-mineral-reserves-and-updates-est--4321db88-f70b-4f43-9f64-64b4a6501013#fact-resource-facts-69) Mineral Reserves - Proven and Probable · lead #### Identity - Project: Mineral Reserves - Proven and Probable - Commodity: lead - Ticker: FVI.TO #### Resource scope - Estimate type: reserve - Resource group id: resource:fdb6e78d9fb6a468c4ce #### Resource Data - Category: probable - Tonnes: 2104 - Grade: 2.39 - Grade Unit: % #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-04-23T00:00:00.000Z Reasoning: Expanded from multi-commodity resource table for completeness. - Negative factor: Fact expanded from resource table columns \(model omitted this commodity\). Evidence · table > 2.39 Context: 2,104 #### Tags used in scoring **Probable Reserve** Polarity: positive Definition: Indicated Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "probable" **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 **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 ### probable [Link to this fact](https://atlas-staging.minestarters.com/news/fortuna-reports-15-increase-yoy-in-consolidated-mineral-reserves-and-updates-est--4321db88-f70b-4f43-9f64-64b4a6501013#fact-resource-facts-70) Mineral Reserves - Proven and Probable · zinc #### Identity - Project: Mineral Reserves - Proven and Probable - Commodity: zinc - Ticker: FVI.TO #### Resource scope - Estimate type: reserve - Resource group id: resource:fdb6e78d9fb6a468c4ce #### Resource Data - Category: probable - Tonnes: 2104 - Grade: 3.56 - Grade Unit: % #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-04-23T00:00:00.000Z Reasoning: Expanded from multi-commodity resource table for completeness. - Negative factor: Fact expanded from resource table columns \(model omitted this commodity\). Evidence · table > 3.56 Context: 2,104 #### Tags used in scoring **Probable Reserve** Polarity: positive Definition: Indicated Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "probable" **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 **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 ### probable [Link to this fact](https://atlas-staging.minestarters.com/news/fortuna-reports-15-increase-yoy-in-consolidated-mineral-reserves-and-updates-est--4321db88-f70b-4f43-9f64-64b4a6501013#fact-resource-facts-71) Mineral Reserves - Proven and Probable · silver #### Identity - Project: Mineral Reserves - Proven and Probable - Commodity: silver - Ticker: FVI.TO #### Resource scope - Estimate type: reserve - Resource group id: resource:284098a94fca6f62173c #### Resource Data - Category: probable - Tonnes: 2275 - Grade: 89 - Grade Unit: g/t #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-04-23T00:00:00.000Z Reasoning: Expanded from multi-commodity resource table for completeness. - Negative factor: Fact expanded from resource table columns \(model omitted this commodity\). Evidence · table > 89 Context: 2,275 #### Tags used in scoring **Probable Reserve** Polarity: positive Definition: Indicated Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "probable" **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 **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 ### probable [Link to this fact](https://atlas-staging.minestarters.com/news/fortuna-reports-15-increase-yoy-in-consolidated-mineral-reserves-and-updates-est--4321db88-f70b-4f43-9f64-64b4a6501013#fact-resource-facts-72) Mineral Reserves - Proven and Probable · gold #### Identity - Project: Mineral Reserves - Proven and Probable - Commodity: gold - Ticker: FVI.TO #### Resource scope - Estimate type: reserve - Resource group id: resource:284098a94fca6f62173c #### Resource Data - Category: probable - Tonnes: 2275 - Grade: 0.28 - Grade Unit: g/t #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-04-23T00:00:00.000Z Reasoning: Expanded from multi-commodity resource table for completeness. - Negative factor: Fact expanded from resource table columns \(model omitted this commodity\). Evidence · table > 0.28 Context: 2,275 #### Tags used in scoring **Probable Reserve** Polarity: positive Definition: Indicated Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "probable" **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 **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 ### probable [Link to this fact](https://atlas-staging.minestarters.com/news/fortuna-reports-15-increase-yoy-in-consolidated-mineral-reserves-and-updates-est--4321db88-f70b-4f43-9f64-64b4a6501013#fact-resource-facts-73) Mineral Reserves - Proven and Probable · lead #### Identity - Project: Mineral Reserves - Proven and Probable - Commodity: lead - Ticker: FVI.TO #### Resource scope - Estimate type: reserve - Resource group id: resource:284098a94fca6f62173c #### Resource Data - Category: probable - Tonnes: 2275 - Grade: 2.42 - Grade Unit: % #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-04-23T00:00:00.000Z Reasoning: Expanded from multi-commodity resource table for completeness. - Negative factor: Fact expanded from resource table columns \(model omitted this commodity\). Evidence · table > 2.42 Context: 2,275 #### Tags used in scoring **Probable Reserve** Polarity: positive Definition: Indicated Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "probable" **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 **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 ### probable [Link to this fact](https://atlas-staging.minestarters.com/news/fortuna-reports-15-increase-yoy-in-consolidated-mineral-reserves-and-updates-est--4321db88-f70b-4f43-9f64-64b4a6501013#fact-resource-facts-74) Mineral Reserves - Proven and Probable · zinc #### Identity - Project: Mineral Reserves - Proven and Probable - Commodity: zinc - Ticker: FVI.TO #### Resource scope - Estimate type: reserve - Resource group id: resource:284098a94fca6f62173c #### Resource Data - Category: probable - Tonnes: 2275 - Grade: 3.5 - Grade Unit: % #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-04-23T00:00:00.000Z Reasoning: Expanded from multi-commodity resource table for completeness. - Negative factor: Fact expanded from resource table columns \(model omitted this commodity\). Evidence · table > 3.50 Context: 2,275 #### Tags used in scoring **Probable Reserve** Polarity: positive Definition: Indicated Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "probable" **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 **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 ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/fortuna-reports-15-increase-yoy-in-consolidated-mineral-reserves-and-updates-est--4321db88-f70b-4f43-9f64-64b4a6501013#fact-resource-facts-75) Mineral Resources - Measured and Indicated · gold #### Identity - Project: Mineral Resources - Measured and Indicated - Commodity: gold - Ticker: FVI.TO #### Resource scope - Estimate type: resource - Resource group id: resource:5b3a40f2996057339934 #### Resource Data - Category: indicated - Tonnes: 5651 - Grade: 2.58 - Grade Unit: g/t #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-04-23T00:00:00.000Z Reasoning: Expanded from multi-commodity resource table for completeness. - Negative factor: Fact expanded from resource table columns \(model omitted this commodity\). Evidence · table > 2.58 Context: 5,651 #### 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 **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 ### measured [Link to this fact](https://atlas-staging.minestarters.com/news/fortuna-reports-15-increase-yoy-in-consolidated-mineral-reserves-and-updates-est--4321db88-f70b-4f43-9f64-64b4a6501013#fact-resource-facts-76) Mineral Resources - Measured and Indicated · gold #### Identity - Project: Mineral Resources - Measured and Indicated - Commodity: gold - Ticker: FVI.TO #### Resource scope - Estimate type: resource - Resource group id: resource:fb5807c1f95c75fbe4b6 #### Resource Data - Category: measured - Tonnes: 1692 - Grade: 0.53 - Grade Unit: g/t #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-04-23T00:00:00.000Z Reasoning: Expanded from multi-commodity resource table for completeness. - Negative factor: Fact expanded from resource table columns \(model omitted this commodity\). Evidence · table > 0.53 Context: 1,692 #### Tags used in scoring **Measured Resource** Polarity: positive Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves. Why it applies: category is "measured" **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 **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 ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/fortuna-reports-15-increase-yoy-in-consolidated-mineral-reserves-and-updates-est--4321db88-f70b-4f43-9f64-64b4a6501013#fact-resource-facts-77) Mineral Resources - Measured and Indicated · gold #### Identity - Project: Mineral Resources - Measured and Indicated - Commodity: gold - Ticker: FVI.TO #### Resource scope - Estimate type: resource - Resource group id: resource:ee55256a5119d0967f2a #### Resource Data - Category: indicated - Tonnes: 26975 - Grade: 0.43 - Grade Unit: g/t #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-04-23T00:00:00.000Z Reasoning: Expanded from multi-commodity resource table for completeness. - Negative factor: Fact expanded from resource table columns \(model omitted this commodity\). Evidence · table > 0.43 Context: 26,975 #### 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 **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 ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/fortuna-reports-15-increase-yoy-in-consolidated-mineral-reserves-and-updates-est--4321db88-f70b-4f43-9f64-64b4a6501013#fact-resource-facts-78) Mineral Resources - Measured and Indicated · gold #### Identity - Project: Mineral Resources - Measured and Indicated - Commodity: gold - Ticker: FVI.TO #### Resource scope - Estimate type: resource - Resource group id: resource:dd542d2103d98e905f7a #### Resource Data - Category: indicated - Tonnes: 28668 - Grade: 0.44 - Grade Unit: g/t #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-04-23T00:00:00.000Z Reasoning: Expanded from multi-commodity resource table for completeness. - Negative factor: Fact expanded from resource table columns \(model omitted this commodity\). Evidence · table > 0.44 Context: 28,668 #### 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 **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 ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/fortuna-reports-15-increase-yoy-in-consolidated-mineral-reserves-and-updates-est--4321db88-f70b-4f43-9f64-64b4a6501013#fact-resource-facts-79) Mineral Resources - Measured and Indicated · gold #### Identity - Project: Mineral Resources - Measured and Indicated - Commodity: gold - Ticker: FVI.TO #### Resource scope - Estimate type: resource - Resource group id: resource:7a266f29c92f42d00a35 #### Resource Data - Category: indicated - Tonnes: 34318 - Grade: 0.79 - Grade Unit: g/t #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-04-23T00:00:00.000Z Reasoning: Expanded from multi-commodity resource table for completeness. - Negative factor: Fact expanded from resource table columns \(model omitted this commodity\). Evidence · table > 0.79 Context: 34,318 #### 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 **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 ### measured [Link to this fact](https://atlas-staging.minestarters.com/news/fortuna-reports-15-increase-yoy-in-consolidated-mineral-reserves-and-updates-est--4321db88-f70b-4f43-9f64-64b4a6501013#fact-resource-facts-80) Mineral Resources - Measured and Indicated · silver #### Identity - Project: Mineral Resources - Measured and Indicated - Commodity: silver - Ticker: FVI.TO #### Resource scope - Estimate type: resource - Resource group id: resource:b418d8dbdebb1b4eb7c2 #### Resource Data - Category: measured - Tonnes: 39 - Grade: 99 - Grade Unit: g/t #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-04-23T00:00:00.000Z Reasoning: Expanded from multi-commodity resource table for completeness. - Negative factor: Fact expanded from resource table columns \(model omitted this commodity\). Evidence · table > 99 Context: 39 #### Tags used in scoring **Measured Resource** Polarity: positive Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves. Why it applies: category is "measured" **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 **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 ### measured [Link to this fact](https://atlas-staging.minestarters.com/news/fortuna-reports-15-increase-yoy-in-consolidated-mineral-reserves-and-updates-est--4321db88-f70b-4f43-9f64-64b4a6501013#fact-resource-facts-81) Mineral Resources - Measured and Indicated · gold #### Identity - Project: Mineral Resources - Measured and Indicated - Commodity: gold - Ticker: FVI.TO #### Resource scope - Estimate type: resource - Resource group id: resource:b418d8dbdebb1b4eb7c2 #### Resource Data - Category: measured - Tonnes: 39 - Grade: 0.31 - Grade Unit: g/t #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-04-23T00:00:00.000Z Reasoning: Expanded from multi-commodity resource table for completeness. - Negative factor: Fact expanded from resource table columns \(model omitted this commodity\). Evidence · table > 0.31 Context: 39 #### Tags used in scoring **Measured Resource** Polarity: positive Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves. Why it applies: category is "measured" **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 **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 ### measured [Link to this fact](https://atlas-staging.minestarters.com/news/fortuna-reports-15-increase-yoy-in-consolidated-mineral-reserves-and-updates-est--4321db88-f70b-4f43-9f64-64b4a6501013#fact-resource-facts-82) Mineral Resources - Measured and Indicated · lead #### Identity - Project: Mineral Resources - Measured and Indicated - Commodity: lead - Ticker: FVI.TO #### Resource scope - Estimate type: resource - Resource group id: resource:b418d8dbdebb1b4eb7c2 #### Resource Data - Category: measured - Tonnes: 39 - Grade: 1.3 - Grade Unit: % #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-04-23T00:00:00.000Z Reasoning: Expanded from multi-commodity resource table for completeness. - Negative factor: Fact expanded from resource table columns \(model omitted this commodity\). Evidence · table > 1.30 Context: 39 #### Tags used in scoring **Measured Resource** Polarity: positive Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves. Why it applies: category is "measured" **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 **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 ### measured [Link to this fact](https://atlas-staging.minestarters.com/news/fortuna-reports-15-increase-yoy-in-consolidated-mineral-reserves-and-updates-est--4321db88-f70b-4f43-9f64-64b4a6501013#fact-resource-facts-83) Mineral Resources - Measured and Indicated · zinc #### Identity - Project: Mineral Resources - Measured and Indicated - Commodity: zinc - Ticker: FVI.TO #### Resource scope - Estimate type: resource - Resource group id: resource:b418d8dbdebb1b4eb7c2 #### Resource Data - Category: measured - Tonnes: 39 - Grade: 2.27 - Grade Unit: % #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-04-23T00:00:00.000Z Reasoning: Expanded from multi-commodity resource table for completeness. - Negative factor: Fact expanded from resource table columns \(model omitted this commodity\). Evidence · table > 2.27 Context: 39 #### Tags used in scoring **Measured Resource** Polarity: positive Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves. Why it applies: category is "measured" **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 **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 ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/fortuna-reports-15-increase-yoy-in-consolidated-mineral-reserves-and-updates-est--4321db88-f70b-4f43-9f64-64b4a6501013#fact-resource-facts-84) Mineral Resources - Measured and Indicated · silver #### Identity - Project: Mineral Resources - Measured and Indicated - Commodity: silver - Ticker: FVI.TO #### Resource scope - Estimate type: resource - Resource group id: resource:1d4f6ca4d2bff1d99563 #### Resource Data - Category: indicated - Tonnes: 282 - Grade: 95 - Grade Unit: g/t #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-04-23T00:00:00.000Z Reasoning: Expanded from multi-commodity resource table for completeness. - Negative factor: Fact expanded from resource table columns \(model omitted this commodity\). Evidence · table > 95 Context: 282 #### 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 **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 ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/fortuna-reports-15-increase-yoy-in-consolidated-mineral-reserves-and-updates-est--4321db88-f70b-4f43-9f64-64b4a6501013#fact-resource-facts-85) Mineral Resources - Measured and Indicated · gold #### Identity - Project: Mineral Resources - Measured and Indicated - Commodity: gold - Ticker: FVI.TO #### Resource scope - Estimate type: resource - Resource group id: resource:1d4f6ca4d2bff1d99563 #### Resource Data - Category: indicated - Tonnes: 282 - Grade: 0.18 - Grade Unit: g/t #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-04-23T00:00:00.000Z Reasoning: Expanded from multi-commodity resource table for completeness. - Negative factor: Fact expanded from resource table columns \(model omitted this commodity\). Evidence · table > 0.18 Context: 282 #### 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 **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 ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/fortuna-reports-15-increase-yoy-in-consolidated-mineral-reserves-and-updates-est--4321db88-f70b-4f43-9f64-64b4a6501013#fact-resource-facts-86) Mineral Resources - Measured and Indicated · lead #### Identity - Project: Mineral Resources - Measured and Indicated - Commodity: lead - Ticker: FVI.TO #### Resource scope - Estimate type: resource - Resource group id: resource:1d4f6ca4d2bff1d99563 #### Resource Data - Category: indicated - Tonnes: 282 - Grade: 1 - Grade Unit: % #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-04-23T00:00:00.000Z Reasoning: Expanded from multi-commodity resource table for completeness. - Negative factor: Fact expanded from resource table columns \(model omitted this commodity\). Evidence · table > 1.00 Context: 282 #### 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 **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 ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/fortuna-reports-15-increase-yoy-in-consolidated-mineral-reserves-and-updates-est--4321db88-f70b-4f43-9f64-64b4a6501013#fact-resource-facts-87) Mineral Resources - Measured and Indicated · zinc #### Identity - Project: Mineral Resources - Measured and Indicated - Commodity: zinc - Ticker: FVI.TO #### Resource scope - Estimate type: resource - Resource group id: resource:1d4f6ca4d2bff1d99563 #### Resource Data - Category: indicated - Tonnes: 282 - Grade: 2.18 - Grade Unit: % #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-04-23T00:00:00.000Z Reasoning: Expanded from multi-commodity resource table for completeness. - Negative factor: Fact expanded from resource table columns \(model omitted this commodity\). Evidence · table > 2.18 Context: 282 #### 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 **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 ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/fortuna-reports-15-increase-yoy-in-consolidated-mineral-reserves-and-updates-est--4321db88-f70b-4f43-9f64-64b4a6501013#fact-resource-facts-88) Mineral Resources - Measured and Indicated · silver #### Identity - Project: Mineral Resources - Measured and Indicated - Commodity: silver - Ticker: FVI.TO #### Resource scope - Estimate type: resource - Resource group id: resource:4cce652e2643eb31baaa #### Resource Data - Category: indicated - Tonnes: 321 - Grade: 95 - Grade Unit: g/t #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-04-23T00:00:00.000Z Reasoning: Expanded from multi-commodity resource table for completeness. - Negative factor: Fact expanded from resource table columns \(model omitted this commodity\). Evidence · table > 95 Context: 321 #### 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 **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 ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/fortuna-reports-15-increase-yoy-in-consolidated-mineral-reserves-and-updates-est--4321db88-f70b-4f43-9f64-64b4a6501013#fact-resource-facts-89) Mineral Resources - Measured and Indicated · gold #### Identity - Project: Mineral Resources - Measured and Indicated - Commodity: gold - Ticker: FVI.TO #### Resource scope - Estimate type: resource - Resource group id: resource:4cce652e2643eb31baaa #### Resource Data - Category: indicated - Tonnes: 321 - Grade: 0.2 - Grade Unit: g/t #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-04-23T00:00:00.000Z Reasoning: Expanded from multi-commodity resource table for completeness. - Negative factor: Fact expanded from resource table columns \(model omitted this commodity\). Evidence · table > 0.20 Context: 321 #### 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 **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 ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/fortuna-reports-15-increase-yoy-in-consolidated-mineral-reserves-and-updates-est--4321db88-f70b-4f43-9f64-64b4a6501013#fact-resource-facts-90) Mineral Resources - Measured and Indicated · lead #### Identity - Project: Mineral Resources - Measured and Indicated - Commodity: lead - Ticker: FVI.TO #### Resource scope - Estimate type: resource - Resource group id: resource:4cce652e2643eb31baaa #### Resource Data - Category: indicated - Tonnes: 321 - Grade: 1.03 - Grade Unit: % #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-04-23T00:00:00.000Z Reasoning: Expanded from multi-commodity resource table for completeness. - Negative factor: Fact expanded from resource table columns \(model omitted this commodity\). Evidence · table > 1.03 Context: 321 #### 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 **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 ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/fortuna-reports-15-increase-yoy-in-consolidated-mineral-reserves-and-updates-est--4321db88-f70b-4f43-9f64-64b4a6501013#fact-resource-facts-91) Mineral Resources - Measured and Indicated · zinc #### Identity - Project: Mineral Resources - Measured and Indicated - Commodity: zinc - Ticker: FVI.TO #### Resource scope - Estimate type: resource - Resource group id: resource:4cce652e2643eb31baaa #### Resource Data - Category: indicated - Tonnes: 321 - Grade: 2.19 - Grade Unit: % #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-04-23T00:00:00.000Z Reasoning: Expanded from multi-commodity resource table for completeness. - Negative factor: Fact expanded from resource table columns \(model omitted this commodity\). Evidence · table > 2.19 Context: 321 #### 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 **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 ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/fortuna-reports-15-increase-yoy-in-consolidated-mineral-reserves-and-updates-est--4321db88-f70b-4f43-9f64-64b4a6501013#fact-resource-facts-92) Mineral Resources - Measured and Indicated · gold #### Identity - Project: Mineral Resources - Measured and Indicated - Commodity: gold - Ticker: FVI.TO #### Resource scope - Estimate type: resource - Resource group id: resource:37afe8414316a66d6c53 #### Resource Data - Category: indicated - Tonnes: 26027 - Grade: 1.5 - Grade Unit: g/t #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-04-23T00:00:00.000Z Reasoning: Expanded from multi-commodity resource table for completeness. - Negative factor: Fact expanded from resource table columns \(model omitted this commodity\). Evidence · table > 1.50 Context: 26,027 #### 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 **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 ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/fortuna-reports-15-increase-yoy-in-consolidated-mineral-reserves-and-updates-est--4321db88-f70b-4f43-9f64-64b4a6501013#fact-resource-facts-93) Mineral Resources - Inferred · gold #### Identity - Project: Mineral Resources - Inferred - Commodity: gold - Ticker: FVI.TO #### Resource scope - Estimate type: resource - Resource group id: resource:4c232047818906cc38f0 #### Resource Data - Category: inferred - Tonnes: 9989 - Grade: 2.74 - Grade Unit: g/t #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-04-23T00:00:00.000Z Reasoning: Expanded from multi-commodity resource table for completeness. - Negative factor: Fact expanded from resource table columns \(model omitted this commodity\). Evidence · table > 2.74 Context: 9,989 #### 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 **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 ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/fortuna-reports-15-increase-yoy-in-consolidated-mineral-reserves-and-updates-est--4321db88-f70b-4f43-9f64-64b4a6501013#fact-resource-facts-94) Mineral Resources - Inferred · gold #### Identity - Project: Mineral Resources - Inferred - Commodity: gold - Ticker: FVI.TO #### Resource scope - Estimate type: resource - Resource group id: resource:ad0e9226af84f5075332 #### Resource Data - Category: inferred - Tonnes: 29330 - Grade: 0.46 - Grade Unit: g/t #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-04-23T00:00:00.000Z Reasoning: Expanded from multi-commodity resource table for completeness. - Negative factor: Fact expanded from resource table columns \(model omitted this commodity\). Evidence · table > 0.46 Context: 29,330 #### 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 **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 ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/fortuna-reports-15-increase-yoy-in-consolidated-mineral-reserves-and-updates-est--4321db88-f70b-4f43-9f64-64b4a6501013#fact-resource-facts-95) Mineral Resources - Inferred · gold #### Identity - Project: Mineral Resources - Inferred - Commodity: gold - Ticker: FVI.TO #### Resource scope - Estimate type: resource - Resource group id: resource:32dda805ff5e08642a58 #### Resource Data - Category: inferred - Tonnes: 39319 - Grade: 1.04 - Grade Unit: g/t #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-04-23T00:00:00.000Z Reasoning: Expanded from multi-commodity resource table for completeness. - Negative factor: Fact expanded from resource table columns \(model omitted this commodity\). Evidence · table > 1.04 Context: 39,319 #### 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 **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 ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/fortuna-reports-15-increase-yoy-in-consolidated-mineral-reserves-and-updates-est--4321db88-f70b-4f43-9f64-64b4a6501013#fact-resource-facts-96) Mineral Resources - Inferred · silver #### Identity - Project: Mineral Resources - Inferred - Commodity: silver - Ticker: FVI.TO #### Resource scope - Estimate type: resource - Resource group id: resource:bf29c858cdd277d0673a #### Resource Data - Category: inferred - Tonnes: 3901 - Grade: 96 - Grade Unit: g/t #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-04-23T00:00:00.000Z Reasoning: Expanded from multi-commodity resource table for completeness. - Negative factor: Fact expanded from resource table columns \(model omitted this commodity\). Evidence · table > 96 Context: 3,901 #### 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 **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 ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/fortuna-reports-15-increase-yoy-in-consolidated-mineral-reserves-and-updates-est--4321db88-f70b-4f43-9f64-64b4a6501013#fact-resource-facts-97) Mineral Resources - Inferred · gold #### Identity - Project: Mineral Resources - Inferred - Commodity: gold - Ticker: FVI.TO #### Resource scope - Estimate type: resource - Resource group id: resource:bf29c858cdd277d0673a #### Resource Data - Category: inferred - Tonnes: 3901 - Grade: 0.38 - Grade Unit: g/t #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-04-23T00:00:00.000Z Reasoning: Expanded from multi-commodity resource table for completeness. - Negative factor: Fact expanded from resource table columns \(model omitted this commodity\). Evidence · table > 0.38 Context: 3,901 #### 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 **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 ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/fortuna-reports-15-increase-yoy-in-consolidated-mineral-reserves-and-updates-est--4321db88-f70b-4f43-9f64-64b4a6501013#fact-resource-facts-98) Mineral Resources - Inferred · lead #### Identity - Project: Mineral Resources - Inferred - Commodity: lead - Ticker: FVI.TO #### Resource scope - Estimate type: resource - Resource group id: resource:bf29c858cdd277d0673a #### Resource Data - Category: inferred - Tonnes: 3901 - Grade: 1.83 - Grade Unit: % #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-04-23T00:00:00.000Z Reasoning: Expanded from multi-commodity resource table for completeness. - Negative factor: Fact expanded from resource table columns \(model omitted this commodity\). Evidence · table > 1.83 Context: 3,901 #### 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 **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 ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/fortuna-reports-15-increase-yoy-in-consolidated-mineral-reserves-and-updates-est--4321db88-f70b-4f43-9f64-64b4a6501013#fact-resource-facts-99) Mineral Resources - Inferred · zinc #### Identity - Project: Mineral Resources - Inferred - Commodity: zinc - Ticker: FVI.TO #### Resource scope - Estimate type: resource - Resource group id: resource:bf29c858cdd277d0673a #### Resource Data - Category: inferred - Tonnes: 3901 - Grade: 2.81 - Grade Unit: % #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-04-23T00:00:00.000Z Reasoning: Expanded from multi-commodity resource table for completeness. - Negative factor: Fact expanded from resource table columns \(model omitted this commodity\). Evidence · table > 2.81 Context: 3,901 #### 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 **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 ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/fortuna-reports-15-increase-yoy-in-consolidated-mineral-reserves-and-updates-est--4321db88-f70b-4f43-9f64-64b4a6501013#fact-resource-facts-100) Mineral Resources - Inferred · gold #### Identity - Project: Mineral Resources - Inferred - Commodity: gold - Ticker: FVI.TO #### Resource scope - Estimate type: resource - Resource group id: resource:713849956d39fac35af8 #### Resource Data - Category: inferred - Tonnes: 32900 - Grade: 0.38 - Grade Unit: g/t #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-04-23T00:00:00.000Z Reasoning: Expanded from multi-commodity resource table for completeness. - Negative factor: Fact expanded from resource table columns \(model omitted this commodity\). Evidence · table > 0.38 Context: 32,900 #### 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 **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 ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/fortuna-reports-15-increase-yoy-in-consolidated-mineral-reserves-and-updates-est--4321db88-f70b-4f43-9f64-64b4a6501013#fact-resource-facts-101) Mineral Resources - Inferred · gold #### Identity - Project: Mineral Resources - Inferred - Commodity: gold - Ticker: FVI.TO #### Resource scope - Estimate type: resource - Resource group id: resource:ab1c7ee7dbe9e1bf49f9 #### Resource Data - Category: inferred - Tonnes: 2105 - Grade: 1.13 - Grade Unit: g/t #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-04-23T00:00:00.000Z Reasoning: Expanded from multi-commodity resource table for completeness. - Negative factor: Fact expanded from resource table columns \(model omitted this commodity\). Evidence · table > 1.13 Context: 2,105 #### 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 **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 ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/fortuna-reports-15-increase-yoy-in-consolidated-mineral-reserves-and-updates-est--4321db88-f70b-4f43-9f64-64b4a6501013#fact-resource-facts-102) Mineral Resources - Inferred · gold #### Identity - Project: Mineral Resources - Inferred - Commodity: gold - Ticker: FVI.TO #### Resource scope - Estimate type: resource - Resource group id: resource:2d832420c98b791b56f8 #### Resource Data - Category: inferred - Tonnes: 35005 - Grade: 0.43 - Grade Unit: g/t #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-04-23T00:00:00.000Z Reasoning: Expanded from multi-commodity resource table for completeness. - Negative factor: Fact expanded from resource table columns \(model omitted this commodity\). Evidence · table > 0.43 Context: 35,005 #### 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 **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 ## 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.