HCH: Mineral Resource and Ore Reserve Statement 30 June 2026

Original announcement by asx on

Company
Hot Chili Limited
Ticker
HCH
Exchange
ASX
Region
Chile
Primary commodity
Copper
Secondary commodities
Gold, Silver, Molybdenum
Document categories
Resource update
Extracted
2026-09-29 14:41:46 UTC

Analysis by Minestarters Atlas

Atlas analysis published:

Minestarters Atlas analysis

Summary

Hot Chili Limited released its annual Mineral Resources and Ore Reserves statement for the Costa Fuego Project as of June 30, 2026. The statement confirms previously reported estimates, with no material changes to the Mineral Resource Estimates (effective February 2024) and reiterating the maiden Ore Reserve (effective March 2025). The estimates are compliant with JORC 2012 and NI 43-101 standards and are signed off by Competent/Qualified Persons.

Reasoning: Hot Chili Limited's annual Mineral Resources and Ore Reserves statement confirms previously reported estimates for the Costa Fuego Project, which are compliant with JORC 2012 and NI 43-101 standards and signed off by Competent/Qualified Persons. However, the effective dates for the MRE (February 2024) and ORE (March 2025) are somewhat stale, and the document explicitly states no material changes to the MRE, resulting in low novelty.

Positive factors

  • JORC Compliant
  • NI 43-101 Compliant
  • QP/CP Signed
  • Cut-off Disclosed
  • Metal Equivalent Assumptions Disclosed

Negative factors

  • Stale Estimate
  • No material change to MRE

Facts used in scoring: 84

Classification and evidence

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: The document is an 'ANNUAL MINERAL RESOURCES AND ORE RESERVES STATEMENT' for the Costa Fuego Project.

Evidence · text

“ANNUAL MINERAL RESOURCES AND ORE RESERVES STATEMENT”

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: All Mineral Resource and Ore Reserve estimates are reported in accordance with the JORC 2012 standard.

Evidence · text

“All Mineral Resource and Ore Reserve estimates are reported in accordance with the JORC 2012 standard”

NI 43-101 Compliantpositive

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

Why it applies: All Mineral Resource and Ore Reserve estimates are reported in accordance with the National Instrument 43-101 – Standards of Disclosure for Mineral Projects.

Evidence · text

“National Instrument 43-101 – Standards of Disclosure for Mineral Projects”

QP/CP Signedpositive

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

Why it applies: The estimates are based on information and supporting documentation prepared and approved by competent persons, with specific QPs/CPs named for MRE and ORE.

Evidence · text

“prepared and approved by competent persons.”

Stale Estimatenegative

Effective date is >2 years old — data currency concern, may not reflect current geological understanding.

Why it applies: The Mineral Resource Estimates have an effective date of 26 February 2024, and the Ore Reserve Estimate has an effective date of 27 March 2025, while the announcement date is 29 September 2026.

Evidence · text

“The Costa Fuego Mineral Resource Statement as of 30 June 2026, with an effective date of 26 February 2024”

Cut-off Disclosedpositive

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

Why it applies: The cut-off grades for Mineral Resources are clearly stated as +0.20% CuEq for open pit and +0.27% CuEq for underground.

Evidence · text

“Total Resource reported at +0.20% CuEq for open pit and +0.27% CuEq for underground.”

Metal Equivalent Assumptions Disclosedpositive · Story-specific tag

No canonical definition is currently available.

Why it applies: The formula for Copper Equivalent (CuEq) grades, including metal prices and recoveries, is provided in footnote 9 of Table 1.

Evidence · text

“Copper Equivalent (CuEq) grades are calculated based on the formula: CuEq% = ((Cu% × Cu price 1% per tonne × Cu_recovery) + (Mo ppm × Mo price per g/t × Mo_recovery) + (Au ppm × Au price per g/t × Au_recovery) + (Ag ppm × Ag price per g/t × Ag_recovery)) / (Cu price 1% per tonne × Cu recovery).”

Extracted facts

Stored fact records: 84. Some facts used in scoring do not have a stored record.

Resource Estimates (84)

indicatedCosta Fuego · copperTonnes: 736000000Grade: 2720000Grade Unit: tonnesContained Metal: 2720000Contained Unit: tHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Costa Fuego
Commodity
copper
Ticker
HCH

Resource scope

Estimate type
resource
Reporting standards
jorc, ni_43_101
QP Signed
Yes
Qualified person names
Elizabeth Haren
Resource group id
resource:0cfeb3ac98b8dfb63626

Resource Data

Category
indicated
Tonnes
736000000
Grade
2720000
Grade Unit
tonnes
Contained Metal
2720000
Contained Unit
t
Cutoff Grade
0.2
Cutoff Unit
% CuEq

Prior Estimate

Resource Date
2024-02-26

Metal Equivalent

Metal Eq. Grade
0.46
Metal Eq. Unit
% CuEq
Assumptions Disclosed
Yes

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2024-02-26T00:00:00.000Z

Dates

Event date
2026-09-29T00:00:00.000Z

Reasoning: This is a confirmed Indicated Open Pit Mineral Resource for copper at Costa Fuego, compliant with JORC and NI 43-101, with disclosed cut-off and metal equivalent assumptions. However, it is a restatement of a prior estimate with a stale effective date.

Positive factors

  • JORC Compliant
  • NI 43-101 Compliant
  • QP/CP Signed
  • Cut-off Disclosed
  • Metal Equivalent Assumptions Disclosed

Negative factors

  • Stale Estimate
  • No material change to MRE

Evidence · table

“2,720,000”

Context: 736

Tags used in scoring

Indicated Resourcepositive

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

Why it applies: category is "indicated"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

NI 43-101 Compliantpositive

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

Why it applies: reporting_standards includes ni_43_101

Stale Estimatenegative

Effective date is >2 years old — data currency concern, may not reflect current geological understanding.

Why it applies: effective date is 2.6 years before this release

indicatedCosta Fuego · goldTonnes: 736000000Grade: 2480000Grade Unit: ouncesContained Metal: 2480000Contained Unit: ozHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Costa Fuego
Commodity
gold
Ticker
HCH

Resource scope

Estimate type
resource
Reporting standards
jorc, ni_43_101
QP Signed
Yes
Qualified person names
Elizabeth Haren
Resource group id
resource:0cfeb3ac98b8dfb63626

Resource Data

Category
indicated
Tonnes
736000000
Grade
2480000
Grade Unit
ounces
Contained Metal
2480000
Contained Unit
oz
Cutoff Grade
0.2
Cutoff Unit
% CuEq

Prior Estimate

Resource Date
2024-02-26

Metal Equivalent

Metal Eq. Grade
0.46
Metal Eq. Unit
% CuEq
Assumptions Disclosed
Yes

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2024-02-26T00:00:00.000Z

Dates

Event date
2026-09-29T00:00:00.000Z

Reasoning: This is a confirmed Indicated Open Pit Mineral Resource for gold at Costa Fuego, compliant with JORC and NI 43-101, with disclosed cut-off and metal equivalent assumptions. However, it is a restatement of a prior estimate with a stale effective date.

Positive factors

  • JORC Compliant
  • NI 43-101 Compliant
  • QP/CP Signed
  • Cut-off Disclosed
  • Metal Equivalent Assumptions Disclosed

Negative factors

  • Stale Estimate
  • No material change to MRE

Evidence · table

“2,480,000”

Context: 736

Tags used in scoring

Indicated Resourcepositive

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

Why it applies: category is "indicated"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

NI 43-101 Compliantpositive

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

Why it applies: reporting_standards includes ni_43_101

Stale Estimatenegative

Effective date is >2 years old — data currency concern, may not reflect current geological understanding.

Why it applies: effective date is 2.6 years before this release

indicatedCosta Fuego · silverTonnes: 736000000Grade: 11700000Grade Unit: ouncesContained Metal: 11700000Contained Unit: ozHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Costa Fuego
Commodity
silver
Ticker
HCH

Resource scope

Estimate type
resource
Reporting standards
jorc, ni_43_101
QP Signed
Yes
Qualified person names
Elizabeth Haren
Resource group id
resource:0cfeb3ac98b8dfb63626

Resource Data

Category
indicated
Tonnes
736000000
Grade
11700000
Grade Unit
ounces
Contained Metal
11700000
Contained Unit
oz
Cutoff Grade
0.2
Cutoff Unit
% CuEq

Prior Estimate

Resource Date
2024-02-26

Metal Equivalent

Metal Eq. Grade
0.46
Metal Eq. Unit
% CuEq
Assumptions Disclosed
Yes

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2024-02-26T00:00:00.000Z

Dates

Event date
2026-09-29T00:00:00.000Z

Reasoning: This is a confirmed Indicated Open Pit Mineral Resource for silver at Costa Fuego, compliant with JORC and NI 43-101, with disclosed cut-off and metal equivalent assumptions. However, it is a restatement of a prior estimate with a stale effective date.

Positive factors

  • JORC Compliant
  • NI 43-101 Compliant
  • QP/CP Signed
  • Cut-off Disclosed
  • Metal Equivalent Assumptions Disclosed

Negative factors

  • Stale Estimate
  • No material change to MRE

Evidence · table

“11,700,000”

Context: 736

Tags used in scoring

Indicated Resourcepositive

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

Why it applies: category is "indicated"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

NI 43-101 Compliantpositive

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

Why it applies: reporting_standards includes ni_43_101

Stale Estimatenegative

Effective date is >2 years old — data currency concern, may not reflect current geological understanding.

Why it applies: effective date is 2.6 years before this release

indicatedCosta Fuego · molybdenumTonnes: 736000000Grade: 62800Grade Unit: tonnesContained Metal: 62800Contained Unit: tHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Costa Fuego
Commodity
molybdenum
Ticker
HCH

Resource scope

Estimate type
resource
Reporting standards
jorc, ni_43_101
QP Signed
Yes
Qualified person names
Elizabeth Haren
Resource group id
resource:0cfeb3ac98b8dfb63626

Resource Data

Category
indicated
Tonnes
736000000
Grade
62800
Grade Unit
tonnes
Contained Metal
62800
Contained Unit
t
Cutoff Grade
0.2
Cutoff Unit
% CuEq

Prior Estimate

Resource Date
2024-02-26

Metal Equivalent

Metal Eq. Grade
0.46
Metal Eq. Unit
% CuEq
Assumptions Disclosed
Yes

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2024-02-26T00:00:00.000Z

Dates

Event date
2026-09-29T00:00:00.000Z

Reasoning: This is a confirmed Indicated Open Pit Mineral Resource for molybdenum at Costa Fuego, compliant with JORC and NI 43-101, with disclosed cut-off and metal equivalent assumptions. However, it is a restatement of a prior estimate with a stale effective date.

Positive factors

  • JORC Compliant
  • NI 43-101 Compliant
  • QP/CP Signed
  • Cut-off Disclosed
  • Metal Equivalent Assumptions Disclosed

Negative factors

  • Stale Estimate
  • No material change to MRE

Evidence · table

“62,800”

Context: 736

Tags used in scoring

Indicated Resourcepositive

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

Why it applies: category is "indicated"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

NI 43-101 Compliantpositive

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

Why it applies: reporting_standards includes ni_43_101

Stale Estimatenegative

Effective date is >2 years old — data currency concern, may not reflect current geological understanding.

Why it applies: effective date is 2.6 years before this release

inferredCosta Fuego · copperTonnes: 170000000Grade: 420000Grade Unit: tonnesContained Metal: 420000Contained Unit: tHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Costa Fuego
Commodity
copper
Ticker
HCH

Resource scope

Estimate type
resource
Reporting standards
jorc, ni_43_101
QP Signed
Yes
Qualified person names
Elizabeth Haren
Resource group id
resource:472e2e87cfee23bfeb4e

Resource Data

Category
inferred
Tonnes
170000000
Grade
420000
Grade Unit
tonnes
Contained Metal
420000
Contained Unit
t
Cutoff Grade
0.2
Cutoff Unit
% CuEq

Prior Estimate

Resource Date
2024-02-26

Metal Equivalent

Metal Eq. Grade
0.3
Metal Eq. Unit
% CuEq
Assumptions Disclosed
Yes

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2024-02-26T00:00:00.000Z

Dates

Event date
2026-09-29T00:00:00.000Z

Reasoning: This is a confirmed Inferred Open Pit Mineral Resource for copper at Costa Fuego, compliant with JORC and NI 43-101, with disclosed cut-off and metal equivalent assumptions. However, it is a restatement of a prior estimate with a stale effective date and is of lower confidence due to its Inferred category.

Positive factors

  • JORC Compliant
  • NI 43-101 Compliant
  • QP/CP Signed
  • Cut-off Disclosed
  • Metal Equivalent Assumptions Disclosed

Negative factors

  • Stale Estimate
  • No material change to MRE
  • Inferred Resource

Evidence · table

“420,000”

Context: 170

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

NI 43-101 Compliantpositive

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

Why it applies: reporting_standards includes ni_43_101

Stale Estimatenegative

Effective date is >2 years old — data currency concern, may not reflect current geological understanding.

Why it applies: effective date is 2.6 years before this release

inferredCosta Fuego · goldTonnes: 170000000Grade: 340000Grade Unit: ouncesContained Metal: 340000Contained Unit: ozHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Costa Fuego
Commodity
gold
Ticker
HCH

Resource scope

Estimate type
resource
Reporting standards
jorc, ni_43_101
QP Signed
Yes
Qualified person names
Elizabeth Haren
Resource group id
resource:472e2e87cfee23bfeb4e

Resource Data

Category
inferred
Tonnes
170000000
Grade
340000
Grade Unit
ounces
Contained Metal
340000
Contained Unit
oz
Cutoff Grade
0.2
Cutoff Unit
% CuEq

Prior Estimate

Resource Date
2024-02-26

Metal Equivalent

Metal Eq. Grade
0.3
Metal Eq. Unit
% CuEq
Assumptions Disclosed
Yes

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2024-02-26T00:00:00.000Z

Dates

Event date
2026-09-29T00:00:00.000Z

Reasoning: This is a confirmed Inferred Open Pit Mineral Resource for gold at Costa Fuego, compliant with JORC and NI 43-101, with disclosed cut-off and metal equivalent assumptions. However, it is a restatement of a prior estimate with a stale effective date and is of lower confidence due to its Inferred category.

Positive factors

  • JORC Compliant
  • NI 43-101 Compliant
  • QP/CP Signed
  • Cut-off Disclosed
  • Metal Equivalent Assumptions Disclosed

Negative factors

  • Stale Estimate
  • No material change to MRE
  • Inferred Resource

Evidence · table

“340,000”

Context: 170

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

NI 43-101 Compliantpositive

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

Why it applies: reporting_standards includes ni_43_101

Stale Estimatenegative

Effective date is >2 years old — data currency concern, may not reflect current geological understanding.

Why it applies: effective date is 2.6 years before this release

inferredCosta Fuego · silverTonnes: 170000000Grade: 1900000Grade Unit: ouncesContained Metal: 1900000Contained Unit: ozHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Costa Fuego
Commodity
silver
Ticker
HCH

Resource scope

Estimate type
resource
Reporting standards
jorc, ni_43_101
QP Signed
Yes
Qualified person names
Elizabeth Haren
Resource group id
resource:472e2e87cfee23bfeb4e

Resource Data

Category
inferred
Tonnes
170000000
Grade
1900000
Grade Unit
ounces
Contained Metal
1900000
Contained Unit
oz
Cutoff Grade
0.2
Cutoff Unit
% CuEq

Prior Estimate

Resource Date
2024-02-26

Metal Equivalent

Metal Eq. Grade
0.3
Metal Eq. Unit
% CuEq
Assumptions Disclosed
Yes

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2024-02-26T00:00:00.000Z

Dates

Event date
2026-09-29T00:00:00.000Z

Reasoning: This is a confirmed Inferred Open Pit Mineral Resource for silver at Costa Fuego, compliant with JORC and NI 43-101, with disclosed cut-off and metal equivalent assumptions. However, it is a restatement of a prior estimate with a stale effective date and is of lower confidence due to its Inferred category.

Positive factors

  • JORC Compliant
  • NI 43-101 Compliant
  • QP/CP Signed
  • Cut-off Disclosed
  • Metal Equivalent Assumptions Disclosed

Negative factors

  • Stale Estimate
  • No material change to MRE
  • Inferred Resource

Evidence · table

“1,900,000”

Context: 170

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

NI 43-101 Compliantpositive

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

Why it applies: reporting_standards includes ni_43_101

Stale Estimatenegative

Effective date is >2 years old — data currency concern, may not reflect current geological understanding.

Why it applies: effective date is 2.6 years before this release

inferredCosta Fuego · molybdenumTonnes: 170000000Grade: 11000Grade Unit: tonnesContained Metal: 11000Contained Unit: tHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Costa Fuego
Commodity
molybdenum
Ticker
HCH

Resource scope

Estimate type
resource
Reporting standards
jorc, ni_43_101
QP Signed
Yes
Qualified person names
Elizabeth Haren
Resource group id
resource:472e2e87cfee23bfeb4e

Resource Data

Category
inferred
Tonnes
170000000
Grade
11000
Grade Unit
tonnes
Contained Metal
11000
Contained Unit
t
Cutoff Grade
0.2
Cutoff Unit
% CuEq

Prior Estimate

Resource Date
2024-02-26

Metal Equivalent

Metal Eq. Grade
0.3
Metal Eq. Unit
% CuEq
Assumptions Disclosed
Yes

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2024-02-26T00:00:00.000Z

Dates

Event date
2026-09-29T00:00:00.000Z

Reasoning: This is a confirmed Inferred Open Pit Mineral Resource for molybdenum at Costa Fuego, compliant with JORC and NI 43-101, with disclosed cut-off and metal equivalent assumptions. However, it is a restatement of a prior estimate with a stale effective date and is of lower confidence due to its Inferred category.

Positive factors

  • JORC Compliant
  • NI 43-101 Compliant
  • QP/CP Signed
  • Cut-off Disclosed
  • Metal Equivalent Assumptions Disclosed

Negative factors

  • Stale Estimate
  • No material change to MRE
  • Inferred Resource

Evidence · table

“11,000”

Context: 170

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

NI 43-101 Compliantpositive

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

Why it applies: reporting_standards includes ni_43_101

Stale Estimatenegative

Effective date is >2 years old — data currency concern, may not reflect current geological understanding.

Why it applies: effective date is 2.6 years before this release

indicatedCosta Fuego · copperTonnes: 62000000Grade: 190000Grade Unit: tonnesContained Metal: 190000Contained Unit: tHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Costa Fuego
Commodity
copper
Ticker
HCH

Resource scope

Estimate type
resource
Reporting standards
jorc, ni_43_101
QP Signed
Yes
Qualified person names
Elizabeth Haren
Resource group id
resource:97adaffcbe7d7c67d576

Resource Data

Category
indicated
Tonnes
62000000
Grade
190000
Grade Unit
tonnes
Contained Metal
190000
Contained Unit
t
Cutoff Grade
0.27
Cutoff Unit
% CuEq

Prior Estimate

Resource Date
2024-02-26

Metal Equivalent

Metal Eq. Grade
0.39
Metal Eq. Unit
% CuEq
Assumptions Disclosed
Yes

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2024-02-26T00:00:00.000Z

Dates

Event date
2026-09-29T00:00:00.000Z

Reasoning: This is a confirmed Indicated Underground Mineral Resource for copper at Costa Fuego, compliant with JORC and NI 43-101, with disclosed cut-off and metal equivalent assumptions. However, it is a restatement of a prior estimate with a stale effective date.

Positive factors

  • JORC Compliant
  • NI 43-101 Compliant
  • QP/CP Signed
  • Cut-off Disclosed
  • Metal Equivalent Assumptions Disclosed

Negative factors

  • Stale Estimate
  • No material change to MRE

Evidence · table

“190,000”

Context: 62

Tags used in scoring

Indicated Resourcepositive

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

Why it applies: category is "indicated"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

NI 43-101 Compliantpositive

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

Why it applies: reporting_standards includes ni_43_101

Stale Estimatenegative

Effective date is >2 years old — data currency concern, may not reflect current geological understanding.

Why it applies: effective date is 2.6 years before this release

indicatedCosta Fuego · goldTonnes: 62000000Grade: 160000Grade Unit: ouncesContained Metal: 160000Contained Unit: ozHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Costa Fuego
Commodity
gold
Ticker
HCH

Resource scope

Estimate type
resource
Reporting standards
jorc, ni_43_101
QP Signed
Yes
Qualified person names
Elizabeth Haren
Resource group id
resource:97adaffcbe7d7c67d576

Resource Data

Category
indicated
Tonnes
62000000
Grade
160000
Grade Unit
ounces
Contained Metal
160000
Contained Unit
oz
Cutoff Grade
0.27
Cutoff Unit
% CuEq

Prior Estimate

Resource Date
2024-02-26

Metal Equivalent

Metal Eq. Grade
0.39
Metal Eq. Unit
% CuEq
Assumptions Disclosed
Yes

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2024-02-26T00:00:00.000Z

Dates

Event date
2026-09-29T00:00:00.000Z

Reasoning: This is a confirmed Indicated Underground Mineral Resource for gold at Costa Fuego, compliant with JORC and NI 43-101, with disclosed cut-off and metal equivalent assumptions. However, it is a restatement of a prior estimate with a stale effective date.

Positive factors

  • JORC Compliant
  • NI 43-101 Compliant
  • QP/CP Signed
  • Cut-off Disclosed
  • Metal Equivalent Assumptions Disclosed

Negative factors

  • Stale Estimate
  • No material change to MRE

Evidence · table

“160,000”

Context: 62

Tags used in scoring

Indicated Resourcepositive

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

Why it applies: category is "indicated"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

NI 43-101 Compliantpositive

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

Why it applies: reporting_standards includes ni_43_101

Stale Estimatenegative

Effective date is >2 years old — data currency concern, may not reflect current geological understanding.

Why it applies: effective date is 2.6 years before this release

indicatedCosta Fuego · silverTonnes: 62000000Grade: 1100000Grade Unit: ouncesContained Metal: 1100000Contained Unit: ozHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Costa Fuego
Commodity
silver
Ticker
HCH

Resource scope

Estimate type
resource
Reporting standards
jorc, ni_43_101
QP Signed
Yes
Qualified person names
Elizabeth Haren
Resource group id
resource:97adaffcbe7d7c67d576

Resource Data

Category
indicated
Tonnes
62000000
Grade
1100000
Grade Unit
ounces
Contained Metal
1100000
Contained Unit
oz
Cutoff Grade
0.27
Cutoff Unit
% CuEq

Prior Estimate

Resource Date
2024-02-26

Metal Equivalent

Metal Eq. Grade
0.39
Metal Eq. Unit
% CuEq
Assumptions Disclosed
Yes

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2024-02-26T00:00:00.000Z

Dates

Event date
2026-09-29T00:00:00.000Z

Reasoning: This is a confirmed Indicated Underground Mineral Resource for silver at Costa Fuego, compliant with JORC and NI 43-101, with disclosed cut-off and metal equivalent assumptions. However, it is a restatement of a prior estimate with a stale effective date.

Positive factors

  • JORC Compliant
  • NI 43-101 Compliant
  • QP/CP Signed
  • Cut-off Disclosed
  • Metal Equivalent Assumptions Disclosed

Negative factors

  • Stale Estimate
  • No material change to MRE

Evidence · table

“1,100,000”

Context: 62

Tags used in scoring

Indicated Resourcepositive

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

Why it applies: category is "indicated"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

NI 43-101 Compliantpositive

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

Why it applies: reporting_standards includes ni_43_101

Stale Estimatenegative

Effective date is >2 years old — data currency concern, may not reflect current geological understanding.

Why it applies: effective date is 2.6 years before this release

indicatedCosta Fuego · molybdenumTonnes: 62000000Grade: 5300Grade Unit: tonnesContained Metal: 5300Contained Unit: tHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Costa Fuego
Commodity
molybdenum
Ticker
HCH

Resource scope

Estimate type
resource
Reporting standards
jorc, ni_43_101
QP Signed
Yes
Qualified person names
Elizabeth Haren
Resource group id
resource:97adaffcbe7d7c67d576

Resource Data

Category
indicated
Tonnes
62000000
Grade
5300
Grade Unit
tonnes
Contained Metal
5300
Contained Unit
t
Cutoff Grade
0.27
Cutoff Unit
% CuEq

Prior Estimate

Resource Date
2024-02-26

Metal Equivalent

Metal Eq. Grade
0.39
Metal Eq. Unit
% CuEq
Assumptions Disclosed
Yes

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2024-02-26T00:00:00.000Z

Dates

Event date
2026-09-29T00:00:00.000Z

Reasoning: This is a confirmed Indicated Underground Mineral Resource for molybdenum at Costa Fuego, compliant with JORC and NI 43-101, with disclosed cut-off and metal equivalent assumptions. However, it is a restatement of a prior estimate with a stale effective date.

Positive factors

  • JORC Compliant
  • NI 43-101 Compliant
  • QP/CP Signed
  • Cut-off Disclosed
  • Metal Equivalent Assumptions Disclosed

Negative factors

  • Stale Estimate
  • No material change to MRE

Evidence · table

“5,300”

Context: 62

Tags used in scoring

Indicated Resourcepositive

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

Why it applies: category is "indicated"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

NI 43-101 Compliantpositive

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

Why it applies: reporting_standards includes ni_43_101

Stale Estimatenegative

Effective date is >2 years old — data currency concern, may not reflect current geological understanding.

Why it applies: effective date is 2.6 years before this release

inferredCosta Fuego · copperTonnes: 33000000Grade: 96000Grade Unit: tonnesContained Metal: 96000Contained Unit: tHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Costa Fuego
Commodity
copper
Ticker
HCH

Resource scope

Estimate type
resource
Reporting standards
jorc, ni_43_101
QP Signed
Yes
Qualified person names
Elizabeth Haren
Resource group id
resource:33b4fd2aa2b5d12c7271

Resource Data

Category
inferred
Tonnes
33000000
Grade
96000
Grade Unit
tonnes
Contained Metal
96000
Contained Unit
t
Cutoff Grade
0.27
Cutoff Unit
% CuEq

Prior Estimate

Resource Date
2024-02-26

Metal Equivalent

Metal Eq. Grade
0.35
Metal Eq. Unit
% CuEq
Assumptions Disclosed
Yes

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2024-02-26T00:00:00.000Z

Dates

Event date
2026-09-29T00:00:00.000Z

Reasoning: This is a confirmed Inferred Underground Mineral Resource for copper at Costa Fuego, compliant with JORC and NI 43-101, with disclosed cut-off and metal equivalent assumptions. However, it is a restatement of a prior estimate with a stale effective date and is of lower confidence due to its Inferred category.

Positive factors

  • JORC Compliant
  • NI 43-101 Compliant
  • QP/CP Signed
  • Cut-off Disclosed
  • Metal Equivalent Assumptions Disclosed

Negative factors

  • Stale Estimate
  • No material change to MRE
  • Inferred Resource

Evidence · table

“96,000”

Context: 33

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

NI 43-101 Compliantpositive

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

Why it applies: reporting_standards includes ni_43_101

Stale Estimatenegative

Effective date is >2 years old — data currency concern, may not reflect current geological understanding.

Why it applies: effective date is 2.6 years before this release

inferredCosta Fuego · goldTonnes: 33000000Grade: 76000Grade Unit: ouncesContained Metal: 76000Contained Unit: ozHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Costa Fuego
Commodity
gold
Ticker
HCH

Resource scope

Estimate type
resource
Reporting standards
jorc, ni_43_101
QP Signed
Yes
Qualified person names
Elizabeth Haren
Resource group id
resource:33b4fd2aa2b5d12c7271

Resource Data

Category
inferred
Tonnes
33000000
Grade
76000
Grade Unit
ounces
Contained Metal
76000
Contained Unit
oz
Cutoff Grade
0.27
Cutoff Unit
% CuEq

Prior Estimate

Resource Date
2024-02-26

Metal Equivalent

Metal Eq. Grade
0.35
Metal Eq. Unit
% CuEq
Assumptions Disclosed
Yes

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2024-02-26T00:00:00.000Z

Dates

Event date
2026-09-29T00:00:00.000Z

Reasoning: This is a confirmed Inferred Underground Mineral Resource for gold at Costa Fuego, compliant with JORC and NI 43-101, with disclosed cut-off and metal equivalent assumptions. However, it is a restatement of a prior estimate with a stale effective date and is of lower confidence due to its Inferred category.

Positive factors

  • JORC Compliant
  • NI 43-101 Compliant
  • QP/CP Signed
  • Cut-off Disclosed
  • Metal Equivalent Assumptions Disclosed

Negative factors

  • Stale Estimate
  • No material change to MRE
  • Inferred Resource

Evidence · table

“76,000”

Context: 33

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

NI 43-101 Compliantpositive

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

Why it applies: reporting_standards includes ni_43_101

Stale Estimatenegative

Effective date is >2 years old — data currency concern, may not reflect current geological understanding.

Why it applies: effective date is 2.6 years before this release

inferredCosta Fuego · silverTonnes: 33000000Grade: 430000Grade Unit: ouncesContained Metal: 430000Contained Unit: ozHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Costa Fuego
Commodity
silver
Ticker
HCH

Resource scope

Estimate type
resource
Reporting standards
jorc, ni_43_101
QP Signed
Yes
Qualified person names
Elizabeth Haren
Resource group id
resource:33b4fd2aa2b5d12c7271

Resource Data

Category
inferred
Tonnes
33000000
Grade
430000
Grade Unit
ounces
Contained Metal
430000
Contained Unit
oz
Cutoff Grade
0.27
Cutoff Unit
% CuEq

Prior Estimate

Resource Date
2024-02-26

Metal Equivalent

Metal Eq. Grade
0.35
Metal Eq. Unit
% CuEq
Assumptions Disclosed
Yes

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2024-02-26T00:00:00.000Z

Dates

Event date
2026-09-29T00:00:00.000Z

Reasoning: This is a confirmed Inferred Underground Mineral Resource for silver at Costa Fuego, compliant with JORC and NI 43-101, with disclosed cut-off and metal equivalent assumptions. However, it is a restatement of a prior estimate with a stale effective date and is of lower confidence due to its Inferred category.

Positive factors

  • JORC Compliant
  • NI 43-101 Compliant
  • QP/CP Signed
  • Cut-off Disclosed
  • Metal Equivalent Assumptions Disclosed

Negative factors

  • Stale Estimate
  • No material change to MRE
  • Inferred Resource

Evidence · table

“430,000”

Context: 33

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

NI 43-101 Compliantpositive

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

Why it applies: reporting_standards includes ni_43_101

Stale Estimatenegative

Effective date is >2 years old — data currency concern, may not reflect current geological understanding.

Why it applies: effective date is 2.6 years before this release

inferredCosta Fuego · molybdenumTonnes: 33000000Grade: 1500Grade Unit: tonnesContained Metal: 1500Contained Unit: tHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Costa Fuego
Commodity
molybdenum
Ticker
HCH

Resource scope

Estimate type
resource
Reporting standards
jorc, ni_43_101
QP Signed
Yes
Qualified person names
Elizabeth Haren
Resource group id
resource:33b4fd2aa2b5d12c7271

Resource Data

Category
inferred
Tonnes
33000000
Grade
1500
Grade Unit
tonnes
Contained Metal
1500
Contained Unit
t
Cutoff Grade
0.27
Cutoff Unit
% CuEq

Prior Estimate

Resource Date
2024-02-26

Metal Equivalent

Metal Eq. Grade
0.35
Metal Eq. Unit
% CuEq
Assumptions Disclosed
Yes

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2024-02-26T00:00:00.000Z

Dates

Event date
2026-09-29T00:00:00.000Z

Reasoning: This is a confirmed Inferred Underground Mineral Resource for molybdenum at Costa Fuego, compliant with JORC and NI 43-101, with disclosed cut-off and metal equivalent assumptions. However, it is a restatement of a prior estimate with a stale effective date and is of lower confidence due to its Inferred category.

Positive factors

  • JORC Compliant
  • NI 43-101 Compliant
  • QP/CP Signed
  • Cut-off Disclosed
  • Metal Equivalent Assumptions Disclosed

Negative factors

  • Stale Estimate
  • No material change to MRE
  • Inferred Resource

Evidence · table

“1,500”

Context: 33

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

NI 43-101 Compliantpositive

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

Why it applies: reporting_standards includes ni_43_101

Stale Estimatenegative

Effective date is >2 years old — data currency concern, may not reflect current geological understanding.

Why it applies: effective date is 2.6 years before this release

indicatedCosta Fuego · copperTonnes: 798000000Grade: 2910000Grade Unit: tonnesContained Metal: 2910000Contained Unit: tHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Costa Fuego
Commodity
copper
Ticker
HCH

Resource scope

Estimate type
resource
Reporting standards
jorc, ni_43_101
QP Signed
Yes
Qualified person names
Elizabeth Haren
Resource group id
resource:0585cc51e91cf42f1bae

Resource Data

Category
indicated
Tonnes
798000000
Grade
2910000
Grade Unit
tonnes
Contained Metal
2910000
Contained Unit
t
Cutoff Grade
0.2
Cutoff Unit
% CuEq

Prior Estimate

Resource Date
2024-02-26

Metal Equivalent

Metal Eq. Grade
0.45
Metal Eq. Unit
% CuEq
Assumptions Disclosed
Yes

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2024-02-26T00:00:00.000Z

Dates

Event date
2026-09-29T00:00:00.000Z

Reasoning: This is a confirmed Indicated Total Mineral Resource for copper at Costa Fuego, compliant with JORC and NI 43-101, with disclosed cut-off and metal equivalent assumptions. However, it is a restatement of a prior estimate with a stale effective date.

Positive factors

  • JORC Compliant
  • NI 43-101 Compliant
  • QP/CP Signed
  • Cut-off Disclosed
  • Metal Equivalent Assumptions Disclosed

Negative factors

  • Stale Estimate
  • No material change to MRE

Evidence · table

“2,910,000”

Context: 798

Tags used in scoring

Indicated Resourcepositive

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

Why it applies: category is "indicated"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

NI 43-101 Compliantpositive

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

Why it applies: reporting_standards includes ni_43_101

Stale Estimatenegative

Effective date is >2 years old — data currency concern, may not reflect current geological understanding.

Why it applies: effective date is 2.6 years before this release

indicatedCosta Fuego · goldTonnes: 798000000Grade: 2640000Grade Unit: ouncesContained Metal: 2640000Contained Unit: ozHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Costa Fuego
Commodity
gold
Ticker
HCH

Resource scope

Estimate type
resource
Reporting standards
jorc, ni_43_101
QP Signed
Yes
Qualified person names
Elizabeth Haren
Resource group id
resource:0585cc51e91cf42f1bae

Resource Data

Category
indicated
Tonnes
798000000
Grade
2640000
Grade Unit
ounces
Contained Metal
2640000
Contained Unit
oz
Cutoff Grade
0.2
Cutoff Unit
% CuEq

Prior Estimate

Resource Date
2024-02-26

Metal Equivalent

Metal Eq. Grade
0.45
Metal Eq. Unit
% CuEq
Assumptions Disclosed
Yes

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2024-02-26T00:00:00.000Z

Dates

Event date
2026-09-29T00:00:00.000Z

Reasoning: This is a confirmed Indicated Total Mineral Resource for gold at Costa Fuego, compliant with JORC and NI 43-101, with disclosed cut-off and metal equivalent assumptions. However, it is a restatement of a prior estimate with a stale effective date.

Positive factors

  • JORC Compliant
  • NI 43-101 Compliant
  • QP/CP Signed
  • Cut-off Disclosed
  • Metal Equivalent Assumptions Disclosed

Negative factors

  • Stale Estimate
  • No material change to MRE

Evidence · table

“2,640,000”

Context: 798

Tags used in scoring

Indicated Resourcepositive

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

Why it applies: category is "indicated"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

NI 43-101 Compliantpositive

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

Why it applies: reporting_standards includes ni_43_101

Stale Estimatenegative

Effective date is >2 years old — data currency concern, may not reflect current geological understanding.

Why it applies: effective date is 2.6 years before this release

indicatedCosta Fuego · silverTonnes: 798000000Grade: 12800000Grade Unit: ouncesContained Metal: 12800000Contained Unit: ozHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Costa Fuego
Commodity
silver
Ticker
HCH

Resource scope

Estimate type
resource
Reporting standards
jorc, ni_43_101
QP Signed
Yes
Qualified person names
Elizabeth Haren
Resource group id
resource:0585cc51e91cf42f1bae

Resource Data

Category
indicated
Tonnes
798000000
Grade
12800000
Grade Unit
ounces
Contained Metal
12800000
Contained Unit
oz
Cutoff Grade
0.2
Cutoff Unit
% CuEq

Prior Estimate

Resource Date
2024-02-26

Metal Equivalent

Metal Eq. Grade
0.45
Metal Eq. Unit
% CuEq
Assumptions Disclosed
Yes

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2024-02-26T00:00:00.000Z

Dates

Event date
2026-09-29T00:00:00.000Z

Reasoning: This is a confirmed Indicated Total Mineral Resource for silver at Costa Fuego, compliant with JORC and NI 43-101, with disclosed cut-off and metal equivalent assumptions. However, it is a restatement of a prior estimate with a stale effective date.

Positive factors

  • JORC Compliant
  • NI 43-101 Compliant
  • QP/CP Signed
  • Cut-off Disclosed
  • Metal Equivalent Assumptions Disclosed

Negative factors

  • Stale Estimate
  • No material change to MRE

Evidence · table

“12,800,000”

Context: 798

Tags used in scoring

Indicated Resourcepositive

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

Why it applies: category is "indicated"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

NI 43-101 Compliantpositive

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

Why it applies: reporting_standards includes ni_43_101

Stale Estimatenegative

Effective date is >2 years old — data currency concern, may not reflect current geological understanding.

Why it applies: effective date is 2.6 years before this release

indicatedCosta Fuego · molybdenumTonnes: 798000000Grade: 68100Grade Unit: tonnesContained Metal: 68100Contained Unit: tHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Costa Fuego
Commodity
molybdenum
Ticker
HCH

Resource scope

Estimate type
resource
Reporting standards
jorc, ni_43_101
QP Signed
Yes
Qualified person names
Elizabeth Haren
Resource group id
resource:0585cc51e91cf42f1bae

Resource Data

Category
indicated
Tonnes
798000000
Grade
68100
Grade Unit
tonnes
Contained Metal
68100
Contained Unit
t
Cutoff Grade
0.2
Cutoff Unit
% CuEq

Prior Estimate

Resource Date
2024-02-26

Metal Equivalent

Metal Eq. Grade
0.45
Metal Eq. Unit
% CuEq
Assumptions Disclosed
Yes

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2024-02-26T00:00:00.000Z

Dates

Event date
2026-09-29T00:00:00.000Z

Reasoning: This is a confirmed Indicated Total Mineral Resource for molybdenum at Costa Fuego, compliant with JORC and NI 43-101, with disclosed cut-off and metal equivalent assumptions. However, it is a restatement of a prior estimate with a stale effective date.

Positive factors

  • JORC Compliant
  • NI 43-101 Compliant
  • QP/CP Signed
  • Cut-off Disclosed
  • Metal Equivalent Assumptions Disclosed

Negative factors

  • Stale Estimate
  • No material change to MRE

Evidence · table

“68,100”

Context: 798

Tags used in scoring

Indicated Resourcepositive

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

Why it applies: category is "indicated"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

NI 43-101 Compliantpositive

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

Why it applies: reporting_standards includes ni_43_101

Stale Estimatenegative

Effective date is >2 years old — data currency concern, may not reflect current geological understanding.

Why it applies: effective date is 2.6 years before this release

inferredCosta Fuego · copperTonnes: 203000000Grade: 516000Grade Unit: tonnesContained Metal: 516000Contained Unit: tHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Costa Fuego
Commodity
copper
Ticker
HCH

Resource scope

Estimate type
resource
Reporting standards
jorc, ni_43_101
QP Signed
Yes
Qualified person names
Elizabeth Haren
Resource group id
resource:189f9a9e770f286b8d21

Resource Data

Category
inferred
Tonnes
203000000
Grade
516000
Grade Unit
tonnes
Contained Metal
516000
Contained Unit
t
Cutoff Grade
0.2
Cutoff Unit
% CuEq

Prior Estimate

Resource Date
2024-02-26

Metal Equivalent

Metal Eq. Grade
0.31
Metal Eq. Unit
% CuEq
Assumptions Disclosed
Yes

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2024-02-26T00:00:00.000Z

Dates

Event date
2026-09-29T00:00:00.000Z

Reasoning: This is a confirmed Inferred Total Mineral Resource for copper at Costa Fuego, compliant with JORC and NI 43-101, with disclosed cut-off and metal equivalent assumptions. However, it is a restatement of a prior estimate with a stale effective date and is of lower confidence due to its Inferred category.

Positive factors

  • JORC Compliant
  • NI 43-101 Compliant
  • QP/CP Signed
  • Cut-off Disclosed
  • Metal Equivalent Assumptions Disclosed

Negative factors

  • Stale Estimate
  • No material change to MRE
  • Inferred Resource

Evidence · table

“516,000”

Context: 203

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

NI 43-101 Compliantpositive

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

Why it applies: reporting_standards includes ni_43_101

Stale Estimatenegative

Effective date is >2 years old — data currency concern, may not reflect current geological understanding.

Why it applies: effective date is 2.6 years before this release

inferredCosta Fuego · goldTonnes: 203000000Grade: 416000Grade Unit: ouncesContained Metal: 416000Contained Unit: ozHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Costa Fuego
Commodity
gold
Ticker
HCH

Resource scope

Estimate type
resource
Reporting standards
jorc, ni_43_101
QP Signed
Yes
Qualified person names
Elizabeth Haren
Resource group id
resource:189f9a9e770f286b8d21

Resource Data

Category
inferred
Tonnes
203000000
Grade
416000
Grade Unit
ounces
Contained Metal
416000
Contained Unit
oz
Cutoff Grade
0.2
Cutoff Unit
% CuEq

Prior Estimate

Resource Date
2024-02-26

Metal Equivalent

Metal Eq. Grade
0.31
Metal Eq. Unit
% CuEq
Assumptions Disclosed
Yes

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2024-02-26T00:00:00.000Z

Dates

Event date
2026-09-29T00:00:00.000Z

Reasoning: This is a confirmed Inferred Total Mineral Resource for gold at Costa Fuego, compliant with JORC and NI 43-101, with disclosed cut-off and metal equivalent assumptions. However, it is a restatement of a prior estimate with a stale effective date and is of lower confidence due to its Inferred category.

Positive factors

  • JORC Compliant
  • NI 43-101 Compliant
  • QP/CP Signed
  • Cut-off Disclosed
  • Metal Equivalent Assumptions Disclosed

Negative factors

  • Stale Estimate
  • No material change to MRE
  • Inferred Resource

Evidence · table

“416,000”

Context: 203

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

NI 43-101 Compliantpositive

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

Why it applies: reporting_standards includes ni_43_101

Stale Estimatenegative

Effective date is >2 years old — data currency concern, may not reflect current geological understanding.

Why it applies: effective date is 2.6 years before this release

inferredCosta Fuego · silverTonnes: 203000000Grade: 2330000Grade Unit: ouncesContained Metal: 2330000Contained Unit: ozHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Costa Fuego
Commodity
silver
Ticker
HCH

Resource scope

Estimate type
resource
Reporting standards
jorc, ni_43_101
QP Signed
Yes
Qualified person names
Elizabeth Haren
Resource group id
resource:189f9a9e770f286b8d21

Resource Data

Category
inferred
Tonnes
203000000
Grade
2330000
Grade Unit
ounces
Contained Metal
2330000
Contained Unit
oz
Cutoff Grade
0.2
Cutoff Unit
% CuEq

Prior Estimate

Resource Date
2024-02-26

Metal Equivalent

Metal Eq. Grade
0.31
Metal Eq. Unit
% CuEq
Assumptions Disclosed
Yes

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2024-02-26T00:00:00.000Z

Dates

Event date
2026-09-29T00:00:00.000Z

Reasoning: This is a confirmed Inferred Total Mineral Resource for silver at Costa Fuego, compliant with JORC and NI 43-101, with disclosed cut-off and metal equivalent assumptions. However, it is a restatement of a prior estimate with a stale effective date and is of lower confidence due to its Inferred category.

Positive factors

  • JORC Compliant
  • NI 43-101 Compliant
  • QP/CP Signed
  • Cut-off Disclosed
  • Metal Equivalent Assumptions Disclosed

Negative factors

  • Stale Estimate
  • No material change to MRE
  • Inferred Resource

Evidence · table

“2,330,000”

Context: 203

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

NI 43-101 Compliantpositive

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

Why it applies: reporting_standards includes ni_43_101

Stale Estimatenegative

Effective date is >2 years old — data currency concern, may not reflect current geological understanding.

Why it applies: effective date is 2.6 years before this release

inferredCosta Fuego · molybdenumTonnes: 203000000Grade: 12500Grade Unit: tonnesContained Metal: 12500Contained Unit: tHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Costa Fuego
Commodity
molybdenum
Ticker
HCH

Resource scope

Estimate type
resource
Reporting standards
jorc, ni_43_101
QP Signed
Yes
Qualified person names
Elizabeth Haren
Resource group id
resource:189f9a9e770f286b8d21

Resource Data

Category
inferred
Tonnes
203000000
Grade
12500
Grade Unit
tonnes
Contained Metal
12500
Contained Unit
t
Cutoff Grade
0.2
Cutoff Unit
% CuEq

Prior Estimate

Resource Date
2024-02-26

Metal Equivalent

Metal Eq. Grade
0.31
Metal Eq. Unit
% CuEq
Assumptions Disclosed
Yes

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2024-02-26T00:00:00.000Z

Dates

Event date
2026-09-29T00:00:00.000Z

Reasoning: This is a confirmed Inferred Total Mineral Resource for molybdenum at Costa Fuego, compliant with JORC and NI 43-101, with disclosed cut-off and metal equivalent assumptions. However, it is a restatement of a prior estimate with a stale effective date and is of lower confidence due to its Inferred category.

Positive factors

  • JORC Compliant
  • NI 43-101 Compliant
  • QP/CP Signed
  • Cut-off Disclosed
  • Metal Equivalent Assumptions Disclosed

Negative factors

  • Stale Estimate
  • No material change to MRE
  • Inferred Resource

Evidence · table

“12,500”

Context: 203

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

NI 43-101 Compliantpositive

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

Why it applies: reporting_standards includes ni_43_101

Stale Estimatenegative

Effective date is >2 years old — data currency concern, may not reflect current geological understanding.

Why it applies: effective date is 2.6 years before this release

probableCosta Fuego · copperTonnes: 356000000Grade: 0.34Grade Unit: %Contained Metal: 1213Contained Unit: ktHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Costa Fuego
Commodity
copper
Ticker
HCH

Resource scope

Estimate type
reserve
Reporting standards
jorc, ni_43_101
QP Signed
Yes
Qualified person names
Anton von Wielligh
Resource group id
resource:5af8e579e30d73aaa793

Resource Data

Category
probable
Tonnes
356000000
Grade
0.34
Grade Unit
%
Contained Metal
1213
Contained Unit
kt

Prior Estimate

Resource Date
2025-03-27

Metal Equivalent

Metal Eq. Grade
0.42
Metal Eq. Unit
% CuEq
Assumptions Disclosed
No

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2025-03-27T00:00:00.000Z

Dates

Event date
2026-09-29T00:00:00.000Z

Reasoning: This is a confirmed Probable Open Pit Ore Reserve for copper at Costa Fuego, compliant with JORC and NI 43-101, and signed off by a QP/CP. However, it is a restatement of a prior estimate with a stale effective date, and metal equivalent assumptions are not disclosed for reserves.

Positive factors

  • JORC Compliant
  • NI 43-101 Compliant
  • QP/CP Signed

Negative factors

  • Stale Estimate
  • Metal Equivalent Opaque

Evidence · table

“0.34”

Context: 356

Tags used in scoring

Probable Reservepositive

Indicated Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "probable"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

NI 43-101 Compliantpositive

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

Why it applies: reporting_standards includes ni_43_101

probableCosta Fuego · goldTonnes: 356000000Grade: 0.07Grade Unit: g/tContained Metal: 844Contained Unit: kozHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Costa Fuego
Commodity
gold
Ticker
HCH

Resource scope

Estimate type
reserve
Reporting standards
jorc, ni_43_101
QP Signed
Yes
Qualified person names
Anton von Wielligh
Resource group id
resource:5af8e579e30d73aaa793

Resource Data

Category
probable
Tonnes
356000000
Grade
0.07
Grade Unit
g/t
Contained Metal
844
Contained Unit
koz

Prior Estimate

Resource Date
2025-03-27

Metal Equivalent

Metal Eq. Grade
0.42
Metal Eq. Unit
% CuEq
Assumptions Disclosed
No

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2025-03-27T00:00:00.000Z

Dates

Event date
2026-09-29T00:00:00.000Z

Reasoning: This is a confirmed Probable Open Pit Ore Reserve for gold at Costa Fuego, compliant with JORC and NI 43-101, and signed off by a QP/CP. However, it is a restatement of a prior estimate with a stale effective date, and metal equivalent assumptions are not disclosed for reserves.

Positive factors

  • JORC Compliant
  • NI 43-101 Compliant
  • QP/CP Signed

Negative factors

  • Stale Estimate
  • Metal Equivalent Opaque

Evidence · table

“0.07”

Context: 356

Tags used in scoring

Probable Reservepositive

Indicated Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "probable"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

NI 43-101 Compliantpositive

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

Why it applies: reporting_standards includes ni_43_101

probableCosta Fuego · silverTonnes: 356000000Grade: 0.37Grade Unit: g/tContained Metal: 4248Contained Unit: kozHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Costa Fuego
Commodity
silver
Ticker
HCH

Resource scope

Estimate type
reserve
Reporting standards
jorc, ni_43_101
QP Signed
Yes
Qualified person names
Anton von Wielligh
Resource group id
resource:5af8e579e30d73aaa793

Resource Data

Category
probable
Tonnes
356000000
Grade
0.37
Grade Unit
g/t
Contained Metal
4248
Contained Unit
koz

Prior Estimate

Resource Date
2025-03-27

Metal Equivalent

Metal Eq. Grade
0.42
Metal Eq. Unit
% CuEq
Assumptions Disclosed
No

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2025-03-27T00:00:00.000Z

Dates

Event date
2026-09-29T00:00:00.000Z

Reasoning: This is a confirmed Probable Open Pit Ore Reserve for silver at Costa Fuego, compliant with JORC and NI 43-101, and signed off by a QP/CP. However, it is a restatement of a prior estimate with a stale effective date, and metal equivalent assumptions are not disclosed for reserves.

Positive factors

  • JORC Compliant
  • NI 43-101 Compliant
  • QP/CP Signed

Negative factors

  • Stale Estimate
  • Metal Equivalent Opaque

Evidence · table

“0.37”

Context: 356

Tags used in scoring

Probable Reservepositive

Indicated Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "probable"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

NI 43-101 Compliantpositive

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

Why it applies: reporting_standards includes ni_43_101

probableCosta Fuego · molybdenumTonnes: 356000000Grade: 35Grade Unit: ktContained Metal: 35000Contained Unit: tHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Costa Fuego
Commodity
molybdenum
Ticker
HCH

Resource scope

Estimate type
reserve
Reporting standards
jorc, ni_43_101
QP Signed
Yes
Qualified person names
Anton von Wielligh
Resource group id
resource:5af8e579e30d73aaa793

Resource Data

Category
probable
Tonnes
356000000
Grade
35
Grade Unit
kt
Contained Metal
35000
Contained Unit
t

Prior Estimate

Resource Date
2025-03-27

Metal Equivalent

Metal Eq. Grade
0.42
Metal Eq. Unit
% CuEq
Assumptions Disclosed
No

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2025-03-27T00:00:00.000Z

Dates

Event date
2026-09-29T00:00:00.000Z

Reasoning: This is a confirmed Probable Open Pit Ore Reserve for molybdenum at Costa Fuego, compliant with JORC and NI 43-101, and signed off by a QP/CP. However, it is a restatement of a prior estimate with a stale effective date, and metal equivalent assumptions are not disclosed for reserves.

Positive factors

  • JORC Compliant
  • NI 43-101 Compliant
  • QP/CP Signed

Negative factors

  • Stale Estimate
  • Metal Equivalent Opaque

Evidence · table

“35”

Context: 356

Tags used in scoring

Probable Reservepositive

Indicated Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "probable"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

NI 43-101 Compliantpositive

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

Why it applies: reporting_standards includes ni_43_101

probableCosta Fuego · copperTonnes: 146000000Grade: 0.44Grade Unit: %Contained Metal: 645Contained Unit: ktHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Costa Fuego
Commodity
copper
Ticker
HCH

Resource scope

Estimate type
reserve
Reporting standards
jorc, ni_43_101
QP Signed
Yes
Qualified person names
Anton von Wielligh
Resource group id
resource:49ffedc496ff05d52c1f

Resource Data

Category
probable
Tonnes
146000000
Grade
0.44
Grade Unit
%
Contained Metal
645
Contained Unit
kt

Prior Estimate

Resource Date
2025-03-27

Metal Equivalent

Metal Eq. Grade
0.56
Metal Eq. Unit
% CuEq
Assumptions Disclosed
No

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2025-03-27T00:00:00.000Z

Dates

Event date
2026-09-29T00:00:00.000Z

Reasoning: This is a confirmed Probable Underground Ore Reserve for copper at Costa Fuego, compliant with JORC and NI 43-101, and signed off by a QP/CP. However, it is a restatement of a prior estimate with a stale effective date, and metal equivalent assumptions are not disclosed for reserves.

Positive factors

  • JORC Compliant
  • NI 43-101 Compliant
  • QP/CP Signed

Negative factors

  • Stale Estimate
  • Metal Equivalent Opaque

Evidence · table

“0.44”

Context: 146

Tags used in scoring

Probable Reservepositive

Indicated Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "probable"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

NI 43-101 Compliantpositive

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

Why it applies: reporting_standards includes ni_43_101

probableCosta Fuego · goldTonnes: 146000000Grade: 0.16Grade Unit: g/tContained Metal: 734Contained Unit: kozHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Costa Fuego
Commodity
gold
Ticker
HCH

Resource scope

Estimate type
reserve
Reporting standards
jorc, ni_43_101
QP Signed
Yes
Qualified person names
Anton von Wielligh
Resource group id
resource:49ffedc496ff05d52c1f

Resource Data

Category
probable
Tonnes
146000000
Grade
0.16
Grade Unit
g/t
Contained Metal
734
Contained Unit
koz

Prior Estimate

Resource Date
2025-03-27

Metal Equivalent

Metal Eq. Grade
0.56
Metal Eq. Unit
% CuEq
Assumptions Disclosed
No

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2025-03-27T00:00:00.000Z

Dates

Event date
2026-09-29T00:00:00.000Z

Reasoning: This is a confirmed Probable Underground Ore Reserve for gold at Costa Fuego, compliant with JORC and NI 43-101, and signed off by a QP/CP. However, it is a restatement of a prior estimate with a stale effective date, and metal equivalent assumptions are not disclosed for reserves.

Positive factors

  • JORC Compliant
  • NI 43-101 Compliant
  • QP/CP Signed

Negative factors

  • Stale Estimate
  • Metal Equivalent Opaque

Evidence · table

“0.16”

Context: 146

Tags used in scoring

Probable Reservepositive

Indicated Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "probable"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

NI 43-101 Compliantpositive

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

Why it applies: reporting_standards includes ni_43_101

probableCosta Fuego · silverTonnes: 146000000Grade: 0.79Grade Unit: g/tContained Metal: 3704Contained Unit: kozHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Costa Fuego
Commodity
silver
Ticker
HCH

Resource scope

Estimate type
reserve
Reporting standards
jorc, ni_43_101
QP Signed
Yes
Qualified person names
Anton von Wielligh
Resource group id
resource:49ffedc496ff05d52c1f

Resource Data

Category
probable
Tonnes
146000000
Grade
0.79
Grade Unit
g/t
Contained Metal
3704
Contained Unit
koz

Prior Estimate

Resource Date
2025-03-27

Metal Equivalent

Metal Eq. Grade
0.56
Metal Eq. Unit
% CuEq
Assumptions Disclosed
No

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2025-03-27T00:00:00.000Z

Dates

Event date
2026-09-29T00:00:00.000Z

Reasoning: This is a confirmed Probable Underground Ore Reserve for silver at Costa Fuego, compliant with JORC and NI 43-101, and signed off by a QP/CP. However, it is a restatement of a prior estimate with a stale effective date, and metal equivalent assumptions are not disclosed for reserves.

Positive factors

  • JORC Compliant
  • NI 43-101 Compliant
  • QP/CP Signed

Negative factors

  • Stale Estimate
  • Metal Equivalent Opaque

Evidence · table

“0.79”

Context: 146

Tags used in scoring

Probable Reservepositive

Indicated Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "probable"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

NI 43-101 Compliantpositive

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

Why it applies: reporting_standards includes ni_43_101

probableCosta Fuego · molybdenumTonnes: 146000000Grade: 14Grade Unit: ktContained Metal: 14000Contained Unit: tHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Costa Fuego
Commodity
molybdenum
Ticker
HCH

Resource scope

Estimate type
reserve
Reporting standards
jorc, ni_43_101
QP Signed
Yes
Qualified person names
Anton von Wielligh
Resource group id
resource:49ffedc496ff05d52c1f

Resource Data

Category
probable
Tonnes
146000000
Grade
14
Grade Unit
kt
Contained Metal
14000
Contained Unit
t

Prior Estimate

Resource Date
2025-03-27

Metal Equivalent

Metal Eq. Grade
0.56
Metal Eq. Unit
% CuEq
Assumptions Disclosed
No

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2025-03-27T00:00:00.000Z

Dates

Event date
2026-09-29T00:00:00.000Z

Reasoning: This is a confirmed Probable Underground Ore Reserve for molybdenum at Costa Fuego, compliant with JORC and NI 43-101, and signed off by a QP/CP. However, it is a restatement of a prior estimate with a stale effective date, and metal equivalent assumptions are not disclosed for reserves.

Positive factors

  • JORC Compliant
  • NI 43-101 Compliant
  • QP/CP Signed

Negative factors

  • Stale Estimate
  • Metal Equivalent Opaque

Evidence · table

“14”

Context: 146

Tags used in scoring

Probable Reservepositive

Indicated Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "probable"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

NI 43-101 Compliantpositive

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

Why it applies: reporting_standards includes ni_43_101

probableCosta Fuego · copperTonnes: 502000000Grade: 0.37Grade Unit: %Contained Metal: 1858Contained Unit: ktHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Costa Fuego
Commodity
copper
Ticker
HCH

Resource scope

Estimate type
reserve
Reporting standards
jorc, ni_43_101
QP Signed
Yes
Qualified person names
Anton von Wielligh
Resource group id
resource:338216e519fd10e4bb66

Resource Data

Category
probable
Tonnes
502000000
Grade
0.37
Grade Unit
%
Contained Metal
1858
Contained Unit
kt

Prior Estimate

Resource Date
2025-03-27

Metal Equivalent

Metal Eq. Grade
0.46
Metal Eq. Unit
% CuEq
Assumptions Disclosed
No

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2025-03-27T00:00:00.000Z

Dates

Event date
2026-09-29T00:00:00.000Z

Reasoning: This is a confirmed Probable Total Ore Reserve for copper at Costa Fuego, compliant with JORC and NI 43-101, and signed off by a QP/CP. However, it is a restatement of a prior estimate with a stale effective date, and metal equivalent assumptions are not disclosed for reserves.

Positive factors

  • JORC Compliant
  • NI 43-101 Compliant
  • QP/CP Signed

Negative factors

  • Stale Estimate
  • Metal Equivalent Opaque

Evidence · table

“0.37”

Context: 502

Tags used in scoring

Probable Reservepositive

Indicated Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "probable"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

NI 43-101 Compliantpositive

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

Why it applies: reporting_standards includes ni_43_101

probableCosta Fuego · goldTonnes: 502000000Grade: 0.1Grade Unit: g/tContained Metal: 1578Contained Unit: kozHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Costa Fuego
Commodity
gold
Ticker
HCH

Resource scope

Estimate type
reserve
Reporting standards
jorc, ni_43_101
QP Signed
Yes
Qualified person names
Anton von Wielligh
Resource group id
resource:338216e519fd10e4bb66

Resource Data

Category
probable
Tonnes
502000000
Grade
0.1
Grade Unit
g/t
Contained Metal
1578
Contained Unit
koz

Prior Estimate

Resource Date
2025-03-27

Metal Equivalent

Metal Eq. Grade
0.46
Metal Eq. Unit
% CuEq
Assumptions Disclosed
No

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2025-03-27T00:00:00.000Z

Dates

Event date
2026-09-29T00:00:00.000Z

Reasoning: This is a confirmed Probable Total Ore Reserve for gold at Costa Fuego, compliant with JORC and NI 43-101, and signed off by a QP/CP. However, it is a restatement of a prior estimate with a stale effective date, and metal equivalent assumptions are not disclosed for reserves.

Positive factors

  • JORC Compliant
  • NI 43-101 Compliant
  • QP/CP Signed

Negative factors

  • Stale Estimate
  • Metal Equivalent Opaque

Evidence · table

“0.10”

Context: 502

Tags used in scoring

Probable Reservepositive

Indicated Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "probable"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

NI 43-101 Compliantpositive

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

Why it applies: reporting_standards includes ni_43_101

probableCosta Fuego · silverTonnes: 502000000Grade: 0.49Grade Unit: g/tContained Metal: 7951Contained Unit: kozHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Costa Fuego
Commodity
silver
Ticker
HCH

Resource scope

Estimate type
reserve
Reporting standards
jorc, ni_43_101
QP Signed
Yes
Qualified person names
Anton von Wielligh
Resource group id
resource:338216e519fd10e4bb66

Resource Data

Category
probable
Tonnes
502000000
Grade
0.49
Grade Unit
g/t
Contained Metal
7951
Contained Unit
koz

Prior Estimate

Resource Date
2025-03-27

Metal Equivalent

Metal Eq. Grade
0.46
Metal Eq. Unit
% CuEq
Assumptions Disclosed
No

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2025-03-27T00:00:00.000Z

Dates

Event date
2026-09-29T00:00:00.000Z

Reasoning: This is a confirmed Probable Total Ore Reserve for silver at Costa Fuego, compliant with JORC and NI 43-101, and signed off by a QP/CP. However, it is a restatement of a prior estimate with a stale effective date, and metal equivalent assumptions are not disclosed for reserves.

Positive factors

  • JORC Compliant
  • NI 43-101 Compliant
  • QP/CP Signed

Negative factors

  • Stale Estimate
  • Metal Equivalent Opaque

Evidence · table

“0.49”

Context: 502

Tags used in scoring

Probable Reservepositive

Indicated Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "probable"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

NI 43-101 Compliantpositive

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

Why it applies: reporting_standards includes ni_43_101

probableCosta Fuego · molybdenumTonnes: 502000000Grade: 49Grade Unit: ktContained Metal: 49000Contained Unit: tHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Costa Fuego
Commodity
molybdenum
Ticker
HCH

Resource scope

Estimate type
reserve
Reporting standards
jorc, ni_43_101
QP Signed
Yes
Qualified person names
Anton von Wielligh
Resource group id
resource:338216e519fd10e4bb66

Resource Data

Category
probable
Tonnes
502000000
Grade
49
Grade Unit
kt
Contained Metal
49000
Contained Unit
t

Prior Estimate

Resource Date
2025-03-27

Metal Equivalent

Metal Eq. Grade
0.46
Metal Eq. Unit
% CuEq
Assumptions Disclosed
No

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2025-03-27T00:00:00.000Z

Dates

Event date
2026-09-29T00:00:00.000Z

Reasoning: This is a confirmed Probable Total Ore Reserve for molybdenum at Costa Fuego, compliant with JORC and NI 43-101, and signed off by a QP/CP. However, it is a restatement of a prior estimate with a stale effective date, and metal equivalent assumptions are not disclosed for reserves.

Positive factors

  • JORC Compliant
  • NI 43-101 Compliant
  • QP/CP Signed

Negative factors

  • Stale Estimate
  • Metal Equivalent Opaque

Evidence · table

“49”

Context: 502

Tags used in scoring

Probable Reservepositive

Indicated Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "probable"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

NI 43-101 Compliantpositive

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

Why it applies: reporting_standards includes ni_43_101

indicatedProductora · copperTonnes: 248000000Grade: 1020000Grade Unit: tonnesContained Metal: 1020000Contained Unit: tHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Productora
Commodity
copper
Ticker
HCH

Resource scope

Estimate type
resource
Reporting standards
jorc, ni_43_101
QP Signed
Yes
Qualified person names
Elizabeth Haren
Resource group id
resource:bc39a78c0dcb46cbcc9a

Resource Data

Category
indicated
Tonnes
248000000
Grade
1020000
Grade Unit
tonnes
Contained Metal
1020000
Contained Unit
t
Cutoff Grade
0.2
Cutoff Unit
% CuEq

Prior Estimate

Resource Date
2024-02-26

Metal Equivalent

Metal Eq. Grade
0.49
Metal Eq. Unit
% CuEq
Assumptions Disclosed
Yes

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2024-02-26T00:00:00.000Z

Dates

Event date
2026-09-29T00:00:00.000Z

Reasoning: This is a confirmed Indicated Open Pit Mineral Resource for copper at Productora, compliant with JORC and NI 43-101, with disclosed cut-off and metal equivalent assumptions. However, it is a restatement of a prior estimate with a stale effective date.

Positive factors

  • JORC Compliant
  • NI 43-101 Compliant
  • QP/CP Signed
  • Cut-off Disclosed
  • Metal Equivalent Assumptions Disclosed

Negative factors

  • Stale Estimate
  • No material change to MRE

Evidence · table

“1,020,000”

Context: 248

Tags used in scoring

Indicated Resourcepositive

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

Why it applies: category is "indicated"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

NI 43-101 Compliantpositive

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

Why it applies: reporting_standards includes ni_43_101

Stale Estimatenegative

Effective date is >2 years old — data currency concern, may not reflect current geological understanding.

Why it applies: effective date is 2.6 years before this release

indicatedProductora · goldTonnes: 248000000Grade: 668000Grade Unit: ouncesContained Metal: 668000Contained Unit: ozHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Productora
Commodity
gold
Ticker
HCH

Resource scope

Estimate type
resource
Reporting standards
jorc, ni_43_101
QP Signed
Yes
Qualified person names
Elizabeth Haren
Resource group id
resource:bc39a78c0dcb46cbcc9a

Resource Data

Category
indicated
Tonnes
248000000
Grade
668000
Grade Unit
ounces
Contained Metal
668000
Contained Unit
oz
Cutoff Grade
0.2
Cutoff Unit
% CuEq

Prior Estimate

Resource Date
2024-02-26

Metal Equivalent

Metal Eq. Grade
0.49
Metal Eq. Unit
% CuEq
Assumptions Disclosed
Yes

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2024-02-26T00:00:00.000Z

Dates

Event date
2026-09-29T00:00:00.000Z

Reasoning: This is a confirmed Indicated Open Pit Mineral Resource for gold at Productora, compliant with JORC and NI 43-101, with disclosed cut-off and metal equivalent assumptions. However, it is a restatement of a prior estimate with a stale effective date.

Positive factors

  • JORC Compliant
  • NI 43-101 Compliant
  • QP/CP Signed
  • Cut-off Disclosed
  • Metal Equivalent Assumptions Disclosed

Negative factors

  • Stale Estimate
  • No material change to MRE

Evidence · table

“668,000”

Context: 248

Tags used in scoring

Indicated Resourcepositive

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

Why it applies: category is "indicated"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

NI 43-101 Compliantpositive

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

Why it applies: reporting_standards includes ni_43_101

Stale Estimatenegative

Effective date is >2 years old — data currency concern, may not reflect current geological understanding.

Why it applies: effective date is 2.6 years before this release

indicatedProductora · silverTonnes: 248000000Grade: 2760000Grade Unit: ouncesContained Metal: 2760000Contained Unit: ozHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Productora
Commodity
silver
Ticker
HCH

Resource scope

Estimate type
resource
Reporting standards
jorc, ni_43_101
QP Signed
Yes
Qualified person names
Elizabeth Haren
Resource group id
resource:bc39a78c0dcb46cbcc9a

Resource Data

Category
indicated
Tonnes
248000000
Grade
2760000
Grade Unit
ounces
Contained Metal
2760000
Contained Unit
oz
Cutoff Grade
0.2
Cutoff Unit
% CuEq

Prior Estimate

Resource Date
2024-02-26

Metal Equivalent

Metal Eq. Grade
0.49
Metal Eq. Unit
% CuEq
Assumptions Disclosed
Yes

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2024-02-26T00:00:00.000Z

Dates

Event date
2026-09-29T00:00:00.000Z

Reasoning: This is a confirmed Indicated Open Pit Mineral Resource for silver at Productora, compliant with JORC and NI 43-101, with disclosed cut-off and metal equivalent assumptions. However, it is a restatement of a prior estimate with a stale effective date.

Positive factors

  • JORC Compliant
  • NI 43-101 Compliant
  • QP/CP Signed
  • Cut-off Disclosed
  • Metal Equivalent Assumptions Disclosed

Negative factors

  • Stale Estimate
  • No material change to MRE

Evidence · table

“2,760,000”

Context: 248

Tags used in scoring

Indicated Resourcepositive

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

Why it applies: category is "indicated"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

NI 43-101 Compliantpositive

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

Why it applies: reporting_standards includes ni_43_101

Stale Estimatenegative

Effective date is >2 years old — data currency concern, may not reflect current geological understanding.

Why it applies: effective date is 2.6 years before this release

indicatedProductora · molybdenumTonnes: 248000000Grade: 34600Grade Unit: tonnesContained Metal: 34600Contained Unit: tHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Productora
Commodity
molybdenum
Ticker
HCH

Resource scope

Estimate type
resource
Reporting standards
jorc, ni_43_101
QP Signed
Yes
Qualified person names
Elizabeth Haren
Resource group id
resource:bc39a78c0dcb46cbcc9a

Resource Data

Category
indicated
Tonnes
248000000
Grade
34600
Grade Unit
tonnes
Contained Metal
34600
Contained Unit
t
Cutoff Grade
0.2
Cutoff Unit
% CuEq

Prior Estimate

Resource Date
2024-02-26

Metal Equivalent

Metal Eq. Grade
0.49
Metal Eq. Unit
% CuEq
Assumptions Disclosed
Yes

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2024-02-26T00:00:00.000Z

Dates

Event date
2026-09-29T00:00:00.000Z

Reasoning: This is a confirmed Indicated Open Pit Mineral Resource for molybdenum at Productora, compliant with JORC and NI 43-101, with disclosed cut-off and metal equivalent assumptions. However, it is a restatement of a prior estimate with a stale effective date.

Positive factors

  • JORC Compliant
  • NI 43-101 Compliant
  • QP/CP Signed
  • Cut-off Disclosed
  • Metal Equivalent Assumptions Disclosed

Negative factors

  • Stale Estimate
  • No material change to MRE

Evidence · table

“34,600”

Context: 248

Tags used in scoring

Indicated Resourcepositive

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

Why it applies: category is "indicated"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

NI 43-101 Compliantpositive

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

Why it applies: reporting_standards includes ni_43_101

Stale Estimatenegative

Effective date is >2 years old — data currency concern, may not reflect current geological understanding.

Why it applies: effective date is 2.6 years before this release

inferredProductora · copperTonnes: 52000000Grade: 160000Grade Unit: tonnesContained Metal: 160000Contained Unit: tHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Productora
Commodity
copper
Ticker
HCH

Resource scope

Estimate type
resource
Reporting standards
jorc, ni_43_101
QP Signed
Yes
Qualified person names
Elizabeth Haren
Resource group id
resource:b0cc04303f4874d65c7f

Resource Data

Category
inferred
Tonnes
52000000
Grade
160000
Grade Unit
tonnes
Contained Metal
160000
Contained Unit
t
Cutoff Grade
0.2
Cutoff Unit
% CuEq

Prior Estimate

Resource Date
2024-02-26

Metal Equivalent

Metal Eq. Grade
0.36
Metal Eq. Unit
% CuEq
Assumptions Disclosed
Yes

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2024-02-26T00:00:00.000Z

Dates

Event date
2026-09-29T00:00:00.000Z

Reasoning: This is a confirmed Inferred Open Pit Mineral Resource for copper at Productora, compliant with JORC and NI 43-101, with disclosed cut-off and metal equivalent assumptions. However, it is a restatement of a prior estimate with a stale effective date and is of lower confidence due to its Inferred category.

Positive factors

  • JORC Compliant
  • NI 43-101 Compliant
  • QP/CP Signed
  • Cut-off Disclosed
  • Metal Equivalent Assumptions Disclosed

Negative factors

  • Stale Estimate
  • No material change to MRE
  • Inferred Resource

Evidence · table

“160,000”

Context: 52

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

NI 43-101 Compliantpositive

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

Why it applies: reporting_standards includes ni_43_101

Stale Estimatenegative

Effective date is >2 years old — data currency concern, may not reflect current geological understanding.

Why it applies: effective date is 2.6 years before this release

inferredProductora · goldTonnes: 52000000Grade: 110000Grade Unit: ouncesContained Metal: 110000Contained Unit: ozHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Productora
Commodity
gold
Ticker
HCH

Resource scope

Estimate type
resource
Reporting standards
jorc, ni_43_101
QP Signed
Yes
Qualified person names
Elizabeth Haren
Resource group id
resource:b0cc04303f4874d65c7f

Resource Data

Category
inferred
Tonnes
52000000
Grade
110000
Grade Unit
ounces
Contained Metal
110000
Contained Unit
oz
Cutoff Grade
0.2
Cutoff Unit
% CuEq

Prior Estimate

Resource Date
2024-02-26

Metal Equivalent

Metal Eq. Grade
0.36
Metal Eq. Unit
% CuEq
Assumptions Disclosed
Yes

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2024-02-26T00:00:00.000Z

Dates

Event date
2026-09-29T00:00:00.000Z

Reasoning: This is a confirmed Inferred Open Pit Mineral Resource for gold at Productora, compliant with JORC and NI 43-101, with disclosed cut-off and metal equivalent assumptions. However, it is a restatement of a prior estimate with a stale effective date and is of lower confidence due to its Inferred category.

Positive factors

  • JORC Compliant
  • NI 43-101 Compliant
  • QP/CP Signed
  • Cut-off Disclosed
  • Metal Equivalent Assumptions Disclosed

Negative factors

  • Stale Estimate
  • No material change to MRE
  • Inferred Resource

Evidence · table

“110,000”

Context: 52

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

NI 43-101 Compliantpositive

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

Why it applies: reporting_standards includes ni_43_101

Stale Estimatenegative

Effective date is >2 years old — data currency concern, may not reflect current geological understanding.

Why it applies: effective date is 2.6 years before this release

inferredProductora · silverTonnes: 52000000Grade: 450000Grade Unit: ouncesContained Metal: 450000Contained Unit: ozHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Productora
Commodity
silver
Ticker
HCH

Resource scope

Estimate type
resource
Reporting standards
jorc, ni_43_101
QP Signed
Yes
Qualified person names
Elizabeth Haren
Resource group id
resource:b0cc04303f4874d65c7f

Resource Data

Category
inferred
Tonnes
52000000
Grade
450000
Grade Unit
ounces
Contained Metal
450000
Contained Unit
oz
Cutoff Grade
0.2
Cutoff Unit
% CuEq

Prior Estimate

Resource Date
2024-02-26

Metal Equivalent

Metal Eq. Grade
0.36
Metal Eq. Unit
% CuEq
Assumptions Disclosed
Yes

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2024-02-26T00:00:00.000Z

Dates

Event date
2026-09-29T00:00:00.000Z

Reasoning: This is a confirmed Inferred Open Pit Mineral Resource for silver at Productora, compliant with JORC and NI 43-101, with disclosed cut-off and metal equivalent assumptions. However, it is a restatement of a prior estimate with a stale effective date and is of lower confidence due to its Inferred category.

Positive factors

  • JORC Compliant
  • NI 43-101 Compliant
  • QP/CP Signed
  • Cut-off Disclosed
  • Metal Equivalent Assumptions Disclosed

Negative factors

  • Stale Estimate
  • No material change to MRE
  • Inferred Resource

Evidence · table

“450,000”

Context: 52

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

NI 43-101 Compliantpositive

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

Why it applies: reporting_standards includes ni_43_101

Stale Estimatenegative

Effective date is >2 years old — data currency concern, may not reflect current geological understanding.

Why it applies: effective date is 2.6 years before this release

inferredProductora · molybdenumTonnes: 52000000Grade: 4800Grade Unit: tonnesContained Metal: 4800Contained Unit: tHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Productora
Commodity
molybdenum
Ticker
HCH

Resource scope

Estimate type
resource
Reporting standards
jorc, ni_43_101
QP Signed
Yes
Qualified person names
Elizabeth Haren
Resource group id
resource:b0cc04303f4874d65c7f

Resource Data

Category
inferred
Tonnes
52000000
Grade
4800
Grade Unit
tonnes
Contained Metal
4800
Contained Unit
t
Cutoff Grade
0.2
Cutoff Unit
% CuEq

Prior Estimate

Resource Date
2024-02-26

Metal Equivalent

Metal Eq. Grade
0.36
Metal Eq. Unit
% CuEq
Assumptions Disclosed
Yes

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2024-02-26T00:00:00.000Z

Dates

Event date
2026-09-29T00:00:00.000Z

Reasoning: This is a confirmed Inferred Open Pit Mineral Resource for molybdenum at Productora, compliant with JORC and NI 43-101, with disclosed cut-off and metal equivalent assumptions. However, it is a restatement of a prior estimate with a stale effective date and is of lower confidence due to its Inferred category.

Positive factors

  • JORC Compliant
  • NI 43-101 Compliant
  • QP/CP Signed
  • Cut-off Disclosed
  • Metal Equivalent Assumptions Disclosed

Negative factors

  • Stale Estimate
  • No material change to MRE
  • Inferred Resource

Evidence · table

“4,800”

Context: 52

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

NI 43-101 Compliantpositive

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

Why it applies: reporting_standards includes ni_43_101

Stale Estimatenegative

Effective date is >2 years old — data currency concern, may not reflect current geological understanding.

Why it applies: effective date is 2.6 years before this release

probableProductora · copperTonnes: 260000000Grade: 0.35Grade Unit: %Contained Metal: 917Contained Unit: ktHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Productora
Commodity
copper
Ticker
HCH

Resource scope

Estimate type
reserve
Reporting standards
jorc, ni_43_101
QP Signed
Yes
Qualified person names
Anton von Wielligh
Resource group id
resource:be8d8ede364ab2d1130e

Resource Data

Category
probable
Tonnes
260000000
Grade
0.35
Grade Unit
%
Contained Metal
917
Contained Unit
kt

Prior Estimate

Resource Date
2025-03-27

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2025-03-27T00:00:00.000Z

Dates

Event date
2026-09-29T00:00:00.000Z

Reasoning: This is a confirmed Probable Open Pit Ore Reserve for copper at Productora, compliant with JORC and NI 43-101, and signed off by a QP/CP. However, it is a restatement of a prior estimate with a stale effective date.

Positive factors

  • JORC Compliant
  • NI 43-101 Compliant
  • QP/CP Signed

Negative factors

  • Stale Estimate

Evidence · table

“0.35”

Context: 260

Tags used in scoring

Probable Reservepositive

Indicated Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "probable"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

NI 43-101 Compliantpositive

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

Why it applies: reporting_standards includes ni_43_101

probableProductora · goldTonnes: 260000000Grade: 0.07Grade Unit: g/tContained Metal: 593Contained Unit: kozHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Productora
Commodity
gold
Ticker
HCH

Resource scope

Estimate type
reserve
Reporting standards
jorc, ni_43_101
QP Signed
Yes
Qualified person names
Anton von Wielligh
Resource group id
resource:be8d8ede364ab2d1130e

Resource Data

Category
probable
Tonnes
260000000
Grade
0.07
Grade Unit
g/t
Contained Metal
593
Contained Unit
koz

Prior Estimate

Resource Date
2025-03-27

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2025-03-27T00:00:00.000Z

Dates

Event date
2026-09-29T00:00:00.000Z

Reasoning: This is a confirmed Probable Open Pit Ore Reserve for gold at Productora, compliant with JORC and NI 43-101, and signed off by a QP/CP. However, it is a restatement of a prior estimate with a stale effective date.

Positive factors

  • JORC Compliant
  • NI 43-101 Compliant
  • QP/CP Signed

Negative factors

  • Stale Estimate

Evidence · table

“0.07”

Context: 260

Tags used in scoring

Probable Reservepositive

Indicated Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "probable"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

NI 43-101 Compliantpositive

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

Why it applies: reporting_standards includes ni_43_101

probableProductora · silverTonnes: 260000000Grade: 0.34Grade Unit: g/tContained Metal: 2801Contained Unit: kozHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Productora
Commodity
silver
Ticker
HCH

Resource scope

Estimate type
reserve
Reporting standards
jorc, ni_43_101
QP Signed
Yes
Qualified person names
Anton von Wielligh
Resource group id
resource:be8d8ede364ab2d1130e

Resource Data

Category
probable
Tonnes
260000000
Grade
0.34
Grade Unit
g/t
Contained Metal
2801
Contained Unit
koz

Prior Estimate

Resource Date
2025-03-27

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2025-03-27T00:00:00.000Z

Dates

Event date
2026-09-29T00:00:00.000Z

Reasoning: This is a confirmed Probable Open Pit Ore Reserve for silver at Productora, compliant with JORC and NI 43-101, and signed off by a QP/CP. However, it is a restatement of a prior estimate with a stale effective date.

Positive factors

  • JORC Compliant
  • NI 43-101 Compliant
  • QP/CP Signed

Negative factors

  • Stale Estimate

Evidence · table

“0.34”

Context: 260

Tags used in scoring

Probable Reservepositive

Indicated Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "probable"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

NI 43-101 Compliantpositive

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

Why it applies: reporting_standards includes ni_43_101

probableProductora · molybdenumTonnes: 260000000Grade: 33Grade Unit: ktContained Metal: 33000Contained Unit: tHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Productora
Commodity
molybdenum
Ticker
HCH

Resource scope

Estimate type
reserve
Reporting standards
jorc, ni_43_101
QP Signed
Yes
Qualified person names
Anton von Wielligh
Resource group id
resource:be8d8ede364ab2d1130e

Resource Data

Category
probable
Tonnes
260000000
Grade
33
Grade Unit
kt
Contained Metal
33000
Contained Unit
t

Prior Estimate

Resource Date
2025-03-27

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2025-03-27T00:00:00.000Z

Dates

Event date
2026-09-29T00:00:00.000Z

Reasoning: This is a confirmed Probable Open Pit Ore Reserve for molybdenum at Productora, compliant with JORC and NI 43-101, and signed off by a QP/CP. However, it is a restatement of a prior estimate with a stale effective date.

Positive factors

  • JORC Compliant
  • NI 43-101 Compliant
  • QP/CP Signed

Negative factors

  • Stale Estimate

Evidence · table

“33”

Context: 260

Tags used in scoring

Probable Reservepositive

Indicated Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "probable"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

NI 43-101 Compliantpositive

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

Why it applies: reporting_standards includes ni_43_101

indicatedCortadera · copperTonnes: 531000000Grade: 1810000Grade Unit: tonnesContained Metal: 1810000Contained Unit: tHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Cortadera
Commodity
copper
Ticker
HCH

Resource scope

Estimate type
resource
Reporting standards
jorc, ni_43_101
QP Signed
Yes
Qualified person names
Elizabeth Haren
Resource group id
resource:ad945db0b9a8ecf3c672

Resource Data

Category
indicated
Tonnes
531000000
Grade
1810000
Grade Unit
tonnes
Contained Metal
1810000
Contained Unit
t
Cutoff Grade
0.2
Cutoff Unit
% CuEq

Prior Estimate

Resource Date
2024-02-26

Metal Equivalent

Metal Eq. Grade
0.44
Metal Eq. Unit
% CuEq
Assumptions Disclosed
Yes

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2024-02-26T00:00:00.000Z

Dates

Event date
2026-09-29T00:00:00.000Z

Reasoning: This is a confirmed Indicated Combined Mineral Resource for copper at Cortadera, compliant with JORC and NI 43-101, with disclosed cut-off and metal equivalent assumptions. However, it is a restatement of a prior estimate with a stale effective date.

Positive factors

  • JORC Compliant
  • NI 43-101 Compliant
  • QP/CP Signed
  • Cut-off Disclosed
  • Metal Equivalent Assumptions Disclosed

Negative factors

  • Stale Estimate
  • No material change to MRE

Evidence · table

“1,810,000”

Context: 531

Tags used in scoring

Indicated Resourcepositive

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

Why it applies: category is "indicated"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

NI 43-101 Compliantpositive

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

Why it applies: reporting_standards includes ni_43_101

Stale Estimatenegative

Effective date is >2 years old — data currency concern, may not reflect current geological understanding.

Why it applies: effective date is 2.6 years before this release

indicatedCortadera · goldTonnes: 531000000Grade: 1960000Grade Unit: ouncesContained Metal: 1960000Contained Unit: ozHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Cortadera
Commodity
gold
Ticker
HCH

Resource scope

Estimate type
resource
Reporting standards
jorc, ni_43_101
QP Signed
Yes
Qualified person names
Elizabeth Haren
Resource group id
resource:ad945db0b9a8ecf3c672

Resource Data

Category
indicated
Tonnes
531000000
Grade
1960000
Grade Unit
ounces
Contained Metal
1960000
Contained Unit
oz
Cutoff Grade
0.2
Cutoff Unit
% CuEq

Prior Estimate

Resource Date
2024-02-26

Metal Equivalent

Metal Eq. Grade
0.44
Metal Eq. Unit
% CuEq
Assumptions Disclosed
Yes

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2024-02-26T00:00:00.000Z

Dates

Event date
2026-09-29T00:00:00.000Z

Reasoning: This is a confirmed Indicated Combined Mineral Resource for gold at Cortadera, compliant with JORC and NI 43-101, with disclosed cut-off and metal equivalent assumptions. However, it is a restatement of a prior estimate with a stale effective date.

Positive factors

  • JORC Compliant
  • NI 43-101 Compliant
  • QP/CP Signed
  • Cut-off Disclosed
  • Metal Equivalent Assumptions Disclosed

Negative factors

  • Stale Estimate
  • No material change to MRE

Evidence · table

“1,960,000”

Context: 531

Tags used in scoring

Indicated Resourcepositive

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

Why it applies: category is "indicated"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

NI 43-101 Compliantpositive

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

Why it applies: reporting_standards includes ni_43_101

Stale Estimatenegative

Effective date is >2 years old — data currency concern, may not reflect current geological understanding.

Why it applies: effective date is 2.6 years before this release

indicatedCortadera · silverTonnes: 531000000Grade: 9890000Grade Unit: ouncesContained Metal: 9890000Contained Unit: ozHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Cortadera
Commodity
silver
Ticker
HCH

Resource scope

Estimate type
resource
Reporting standards
jorc, ni_43_101
QP Signed
Yes
Qualified person names
Elizabeth Haren
Resource group id
resource:ad945db0b9a8ecf3c672

Resource Data

Category
indicated
Tonnes
531000000
Grade
9890000
Grade Unit
ounces
Contained Metal
9890000
Contained Unit
oz
Cutoff Grade
0.2
Cutoff Unit
% CuEq

Prior Estimate

Resource Date
2024-02-26

Metal Equivalent

Metal Eq. Grade
0.44
Metal Eq. Unit
% CuEq
Assumptions Disclosed
Yes

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2024-02-26T00:00:00.000Z

Dates

Event date
2026-09-29T00:00:00.000Z

Reasoning: This is a confirmed Indicated Combined Mineral Resource for silver at Cortadera, compliant with JORC and NI 43-101, with disclosed cut-off and metal equivalent assumptions. However, it is a restatement of a prior estimate with a stale effective date.

Positive factors

  • JORC Compliant
  • NI 43-101 Compliant
  • QP/CP Signed
  • Cut-off Disclosed
  • Metal Equivalent Assumptions Disclosed

Negative factors

  • Stale Estimate
  • No material change to MRE

Evidence · table

“9,890,000”

Context: 531

Tags used in scoring

Indicated Resourcepositive

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

Why it applies: category is "indicated"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

NI 43-101 Compliantpositive

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

Why it applies: reporting_standards includes ni_43_101

Stale Estimatenegative

Effective date is >2 years old — data currency concern, may not reflect current geological understanding.

Why it applies: effective date is 2.6 years before this release

indicatedCortadera · molybdenumTonnes: 531000000Grade: 32800Grade Unit: tonnesContained Metal: 32800Contained Unit: tHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Cortadera
Commodity
molybdenum
Ticker
HCH

Resource scope

Estimate type
resource
Reporting standards
jorc, ni_43_101
QP Signed
Yes
Qualified person names
Elizabeth Haren
Resource group id
resource:ad945db0b9a8ecf3c672

Resource Data

Category
indicated
Tonnes
531000000
Grade
32800
Grade Unit
tonnes
Contained Metal
32800
Contained Unit
t
Cutoff Grade
0.2
Cutoff Unit
% CuEq

Prior Estimate

Resource Date
2024-02-26

Metal Equivalent

Metal Eq. Grade
0.44
Metal Eq. Unit
% CuEq
Assumptions Disclosed
Yes

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2024-02-26T00:00:00.000Z

Dates

Event date
2026-09-29T00:00:00.000Z

Reasoning: This is a confirmed Indicated Combined Mineral Resource for molybdenum at Cortadera, compliant with JORC and NI 43-101, with disclosed cut-off and metal equivalent assumptions. However, it is a restatement of a prior estimate with a stale effective date.

Positive factors

  • JORC Compliant
  • NI 43-101 Compliant
  • QP/CP Signed
  • Cut-off Disclosed
  • Metal Equivalent Assumptions Disclosed

Negative factors

  • Stale Estimate
  • No material change to MRE

Evidence · table

“32,800”

Context: 531

Tags used in scoring

Indicated Resourcepositive

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

Why it applies: category is "indicated"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

NI 43-101 Compliantpositive

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

Why it applies: reporting_standards includes ni_43_101

Stale Estimatenegative

Effective date is >2 years old — data currency concern, may not reflect current geological understanding.

Why it applies: effective date is 2.6 years before this release

inferredCortadera · copperTonnes: 149000000Grade: 346000Grade Unit: tonnesContained Metal: 346000Contained Unit: tHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Cortadera
Commodity
copper
Ticker
HCH

Resource scope

Estimate type
resource
Reporting standards
jorc, ni_43_101
QP Signed
Yes
Qualified person names
Elizabeth Haren
Resource group id
resource:1066f207a1d60b0e982e

Resource Data

Category
inferred
Tonnes
149000000
Grade
346000
Grade Unit
tonnes
Contained Metal
346000
Contained Unit
t
Cutoff Grade
0.2
Cutoff Unit
% CuEq

Prior Estimate

Resource Date
2024-02-26

Metal Equivalent

Metal Eq. Grade
0.3
Metal Eq. Unit
% CuEq
Assumptions Disclosed
Yes

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2024-02-26T00:00:00.000Z

Dates

Event date
2026-09-29T00:00:00.000Z

Reasoning: This is a confirmed Inferred Combined Mineral Resource for copper at Cortadera, compliant with JORC and NI 43-101, with disclosed cut-off and metal equivalent assumptions. However, it is a restatement of a prior estimate with a stale effective date and is of lower confidence due to its Inferred category.

Positive factors

  • JORC Compliant
  • NI 43-101 Compliant
  • QP/CP Signed
  • Cut-off Disclosed
  • Metal Equivalent Assumptions Disclosed

Negative factors

  • Stale Estimate
  • No material change to MRE
  • Inferred Resource

Evidence · table

“346,000”

Context: 149

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

NI 43-101 Compliantpositive

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

Why it applies: reporting_standards includes ni_43_101

Stale Estimatenegative

Effective date is >2 years old — data currency concern, may not reflect current geological understanding.

Why it applies: effective date is 2.6 years before this release

inferredCortadera · goldTonnes: 149000000Grade: 306000Grade Unit: ouncesContained Metal: 306000Contained Unit: ozHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Cortadera
Commodity
gold
Ticker
HCH

Resource scope

Estimate type
resource
Reporting standards
jorc, ni_43_101
QP Signed
Yes
Qualified person names
Elizabeth Haren
Resource group id
resource:1066f207a1d60b0e982e

Resource Data

Category
inferred
Tonnes
149000000
Grade
306000
Grade Unit
ounces
Contained Metal
306000
Contained Unit
oz
Cutoff Grade
0.2
Cutoff Unit
% CuEq

Prior Estimate

Resource Date
2024-02-26

Metal Equivalent

Metal Eq. Grade
0.3
Metal Eq. Unit
% CuEq
Assumptions Disclosed
Yes

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2024-02-26T00:00:00.000Z

Dates

Event date
2026-09-29T00:00:00.000Z

Reasoning: This is a confirmed Inferred Combined Mineral Resource for gold at Cortadera, compliant with JORC and NI 43-101, with disclosed cut-off and metal equivalent assumptions. However, it is a restatement of a prior estimate with a stale effective date and is of lower confidence due to its Inferred category.

Positive factors

  • JORC Compliant
  • NI 43-101 Compliant
  • QP/CP Signed
  • Cut-off Disclosed
  • Metal Equivalent Assumptions Disclosed

Negative factors

  • Stale Estimate
  • No material change to MRE
  • Inferred Resource

Evidence · table

“306,000”

Context: 149

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

NI 43-101 Compliantpositive

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

Why it applies: reporting_standards includes ni_43_101

Stale Estimatenegative

Effective date is >2 years old — data currency concern, may not reflect current geological understanding.

Why it applies: effective date is 2.6 years before this release

inferredCortadera · silverTonnes: 149000000Grade: 1830000Grade Unit: ouncesContained Metal: 1830000Contained Unit: ozHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Cortadera
Commodity
silver
Ticker
HCH

Resource scope

Estimate type
resource
Reporting standards
jorc, ni_43_101
QP Signed
Yes
Qualified person names
Elizabeth Haren
Resource group id
resource:1066f207a1d60b0e982e

Resource Data

Category
inferred
Tonnes
149000000
Grade
1830000
Grade Unit
ounces
Contained Metal
1830000
Contained Unit
oz
Cutoff Grade
0.2
Cutoff Unit
% CuEq

Prior Estimate

Resource Date
2024-02-26

Metal Equivalent

Metal Eq. Grade
0.3
Metal Eq. Unit
% CuEq
Assumptions Disclosed
Yes

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2024-02-26T00:00:00.000Z

Dates

Event date
2026-09-29T00:00:00.000Z

Reasoning: This is a confirmed Inferred Combined Mineral Resource for silver at Cortadera, compliant with JORC and NI 43-101, with disclosed cut-off and metal equivalent assumptions. However, it is a restatement of a prior estimate with a stale effective date and is of lower confidence due to its Inferred category.

Positive factors

  • JORC Compliant
  • NI 43-101 Compliant
  • QP/CP Signed
  • Cut-off Disclosed
  • Metal Equivalent Assumptions Disclosed

Negative factors

  • Stale Estimate
  • No material change to MRE
  • Inferred Resource

Evidence · table

“1,830,000”

Context: 149

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

NI 43-101 Compliantpositive

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

Why it applies: reporting_standards includes ni_43_101

Stale Estimatenegative

Effective date is >2 years old — data currency concern, may not reflect current geological understanding.

Why it applies: effective date is 2.6 years before this release

inferredCortadera · molybdenumTonnes: 149000000Grade: 7700Grade Unit: tonnesContained Metal: 7700Contained Unit: tHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Cortadera
Commodity
molybdenum
Ticker
HCH

Resource scope

Estimate type
resource
Reporting standards
jorc, ni_43_101
QP Signed
Yes
Qualified person names
Elizabeth Haren
Resource group id
resource:1066f207a1d60b0e982e

Resource Data

Category
inferred
Tonnes
149000000
Grade
7700
Grade Unit
tonnes
Contained Metal
7700
Contained Unit
t
Cutoff Grade
0.2
Cutoff Unit
% CuEq

Prior Estimate

Resource Date
2024-02-26

Metal Equivalent

Metal Eq. Grade
0.3
Metal Eq. Unit
% CuEq
Assumptions Disclosed
Yes

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2024-02-26T00:00:00.000Z

Dates

Event date
2026-09-29T00:00:00.000Z

Reasoning: This is a confirmed Inferred Combined Mineral Resource for molybdenum at Cortadera, compliant with JORC and NI 43-101, with disclosed cut-off and metal equivalent assumptions. However, it is a restatement of a prior estimate with a stale effective date and is of lower confidence due to its Inferred category.

Positive factors

  • JORC Compliant
  • NI 43-101 Compliant
  • QP/CP Signed
  • Cut-off Disclosed
  • Metal Equivalent Assumptions Disclosed

Negative factors

  • Stale Estimate
  • No material change to MRE
  • Inferred Resource

Evidence · table

“7,700”

Context: 149

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

NI 43-101 Compliantpositive

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

Why it applies: reporting_standards includes ni_43_101

Stale Estimatenegative

Effective date is >2 years old — data currency concern, may not reflect current geological understanding.

Why it applies: effective date is 2.6 years before this release

probableCortadera · copperTonnes: 79000000Grade: 0.29Grade Unit: %Contained Metal: 224Contained Unit: ktHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Cortadera
Commodity
copper
Ticker
HCH

Resource scope

Estimate type
reserve
Reporting standards
jorc, ni_43_101
QP Signed
Yes
Qualified person names
Anton von Wielligh
Resource group id
resource:3b57eb7174ffcfa4a375

Resource Data

Category
probable
Tonnes
79000000
Grade
0.29
Grade Unit
%
Contained Metal
224
Contained Unit
kt

Prior Estimate

Resource Date
2025-03-27

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2025-03-27T00:00:00.000Z

Dates

Event date
2026-09-29T00:00:00.000Z

Reasoning: This is a confirmed Probable Open Pit Ore Reserve for copper at Cortadera, compliant with JORC and NI 43-101, and signed off by a QP/CP. However, it is a restatement of a prior estimate with a stale effective date.

Positive factors

  • JORC Compliant
  • NI 43-101 Compliant
  • QP/CP Signed

Negative factors

  • Stale Estimate

Evidence · table

“0.29”

Context: 79

Tags used in scoring

Probable Reservepositive

Indicated Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "probable"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

NI 43-101 Compliantpositive

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

Why it applies: reporting_standards includes ni_43_101

probableCortadera · goldTonnes: 79000000Grade: 0.09Grade Unit: g/tContained Metal: 235Contained Unit: kozHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Cortadera
Commodity
gold
Ticker
HCH

Resource scope

Estimate type
reserve
Reporting standards
jorc, ni_43_101
QP Signed
Yes
Qualified person names
Anton von Wielligh
Resource group id
resource:3b57eb7174ffcfa4a375

Resource Data

Category
probable
Tonnes
79000000
Grade
0.09
Grade Unit
g/t
Contained Metal
235
Contained Unit
koz

Prior Estimate

Resource Date
2025-03-27

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2025-03-27T00:00:00.000Z

Dates

Event date
2026-09-29T00:00:00.000Z

Reasoning: This is a confirmed Probable Open Pit Ore Reserve for gold at Cortadera, compliant with JORC and NI 43-101, and signed off by a QP/CP. However, it is a restatement of a prior estimate with a stale effective date.

Positive factors

  • JORC Compliant
  • NI 43-101 Compliant
  • QP/CP Signed

Negative factors

  • Stale Estimate

Evidence · table

“0.09”

Context: 79

Tags used in scoring

Probable Reservepositive

Indicated Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "probable"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

NI 43-101 Compliantpositive

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

Why it applies: reporting_standards includes ni_43_101

probableCortadera · silverTonnes: 79000000Grade: 0.48Grade Unit: g/tContained Metal: 1208Contained Unit: kozHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Cortadera
Commodity
silver
Ticker
HCH

Resource scope

Estimate type
reserve
Reporting standards
jorc, ni_43_101
QP Signed
Yes
Qualified person names
Anton von Wielligh
Resource group id
resource:3b57eb7174ffcfa4a375

Resource Data

Category
probable
Tonnes
79000000
Grade
0.48
Grade Unit
g/t
Contained Metal
1208
Contained Unit
koz

Prior Estimate

Resource Date
2025-03-27

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2025-03-27T00:00:00.000Z

Dates

Event date
2026-09-29T00:00:00.000Z

Reasoning: This is a confirmed Probable Open Pit Ore Reserve for silver at Cortadera, compliant with JORC and NI 43-101, and signed off by a QP/CP. However, it is a restatement of a prior estimate with a stale effective date.

Positive factors

  • JORC Compliant
  • NI 43-101 Compliant
  • QP/CP Signed

Negative factors

  • Stale Estimate

Evidence · table

“0.48”

Context: 79

Tags used in scoring

Probable Reservepositive

Indicated Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "probable"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

NI 43-101 Compliantpositive

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

Why it applies: reporting_standards includes ni_43_101

probableCortadera · molybdenumTonnes: 79000000Grade: 2Grade Unit: ktContained Metal: 2000Contained Unit: tHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Cortadera
Commodity
molybdenum
Ticker
HCH

Resource scope

Estimate type
reserve
Reporting standards
jorc, ni_43_101
QP Signed
Yes
Qualified person names
Anton von Wielligh
Resource group id
resource:3b57eb7174ffcfa4a375

Resource Data

Category
probable
Tonnes
79000000
Grade
2
Grade Unit
kt
Contained Metal
2000
Contained Unit
t

Prior Estimate

Resource Date
2025-03-27

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2025-03-27T00:00:00.000Z

Dates

Event date
2026-09-29T00:00:00.000Z

Reasoning: This is a confirmed Probable Open Pit Ore Reserve for molybdenum at Cortadera, compliant with JORC and NI 43-101, and signed off by a QP/CP. However, it is a restatement of a prior estimate with a stale effective date.

Positive factors

  • JORC Compliant
  • NI 43-101 Compliant
  • QP/CP Signed

Negative factors

  • Stale Estimate

Evidence · table

“2”

Context: 79

Tags used in scoring

Probable Reservepositive

Indicated Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "probable"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

NI 43-101 Compliantpositive

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

Why it applies: reporting_standards includes ni_43_101

probableCortadera · copperTonnes: 146000000Grade: 0.44Grade Unit: %Contained Metal: 645Contained Unit: ktHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Cortadera
Commodity
copper
Ticker
HCH

Resource scope

Estimate type
reserve
Reporting standards
jorc, ni_43_101
QP Signed
Yes
Qualified person names
Anton von Wielligh
Resource group id
resource:903e9e79970c0e6bdc7a

Resource Data

Category
probable
Tonnes
146000000
Grade
0.44
Grade Unit
%
Contained Metal
645
Contained Unit
kt

Prior Estimate

Resource Date
2025-03-27

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2025-03-27T00:00:00.000Z

Dates

Event date
2026-09-29T00:00:00.000Z

Reasoning: This is a confirmed Probable Underground Ore Reserve for copper at Cortadera, compliant with JORC and NI 43-101, and signed off by a QP/CP. However, it is a restatement of a prior estimate with a stale effective date.

Positive factors

  • JORC Compliant
  • NI 43-101 Compliant
  • QP/CP Signed

Negative factors

  • Stale Estimate

Evidence · table

“0.44”

Context: 146

Tags used in scoring

Probable Reservepositive

Indicated Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "probable"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

NI 43-101 Compliantpositive

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

Why it applies: reporting_standards includes ni_43_101

probableCortadera · goldTonnes: 146000000Grade: 0.16Grade Unit: g/tContained Metal: 734Contained Unit: kozHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Cortadera
Commodity
gold
Ticker
HCH

Resource scope

Estimate type
reserve
Reporting standards
jorc, ni_43_101
QP Signed
Yes
Qualified person names
Anton von Wielligh
Resource group id
resource:903e9e79970c0e6bdc7a

Resource Data

Category
probable
Tonnes
146000000
Grade
0.16
Grade Unit
g/t
Contained Metal
734
Contained Unit
koz

Prior Estimate

Resource Date
2025-03-27

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2025-03-27T00:00:00.000Z

Dates

Event date
2026-09-29T00:00:00.000Z

Reasoning: This is a confirmed Probable Underground Ore Reserve for gold at Cortadera, compliant with JORC and NI 43-101, and signed off by a QP/CP. However, it is a restatement of a prior estimate with a stale effective date.

Positive factors

  • JORC Compliant
  • NI 43-101 Compliant
  • QP/CP Signed

Negative factors

  • Stale Estimate

Evidence · table

“0.16”

Context: 146

Tags used in scoring

Probable Reservepositive

Indicated Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "probable"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

NI 43-101 Compliantpositive

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

Why it applies: reporting_standards includes ni_43_101

probableCortadera · silverTonnes: 146000000Grade: 0.79Grade Unit: g/tContained Metal: 3704Contained Unit: kozHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Cortadera
Commodity
silver
Ticker
HCH

Resource scope

Estimate type
reserve
Reporting standards
jorc, ni_43_101
QP Signed
Yes
Qualified person names
Anton von Wielligh
Resource group id
resource:903e9e79970c0e6bdc7a

Resource Data

Category
probable
Tonnes
146000000
Grade
0.79
Grade Unit
g/t
Contained Metal
3704
Contained Unit
koz

Prior Estimate

Resource Date
2025-03-27

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2025-03-27T00:00:00.000Z

Dates

Event date
2026-09-29T00:00:00.000Z

Reasoning: This is a confirmed Probable Underground Ore Reserve for silver at Cortadera, compliant with JORC and NI 43-101, and signed off by a QP/CP. However, it is a restatement of a prior estimate with a stale effective date.

Positive factors

  • JORC Compliant
  • NI 43-101 Compliant
  • QP/CP Signed

Negative factors

  • Stale Estimate

Evidence · table

“0.79”

Context: 146

Tags used in scoring

Probable Reservepositive

Indicated Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "probable"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

NI 43-101 Compliantpositive

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

Why it applies: reporting_standards includes ni_43_101

probableCortadera · molybdenumTonnes: 146000000Grade: 14Grade Unit: ktContained Metal: 14000Contained Unit: tHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Cortadera
Commodity
molybdenum
Ticker
HCH

Resource scope

Estimate type
reserve
Reporting standards
jorc, ni_43_101
QP Signed
Yes
Qualified person names
Anton von Wielligh
Resource group id
resource:903e9e79970c0e6bdc7a

Resource Data

Category
probable
Tonnes
146000000
Grade
14
Grade Unit
kt
Contained Metal
14000
Contained Unit
t

Prior Estimate

Resource Date
2025-03-27

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2025-03-27T00:00:00.000Z

Dates

Event date
2026-09-29T00:00:00.000Z

Reasoning: This is a confirmed Probable Underground Ore Reserve for molybdenum at Cortadera, compliant with JORC and NI 43-101, and signed off by a QP/CP. However, it is a restatement of a prior estimate with a stale effective date.

Positive factors

  • JORC Compliant
  • NI 43-101 Compliant
  • QP/CP Signed

Negative factors

  • Stale Estimate

Evidence · table

“14”

Context: 146

Tags used in scoring

Probable Reservepositive

Indicated Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "probable"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

NI 43-101 Compliantpositive

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

Why it applies: reporting_standards includes ni_43_101

indicatedSan Antonio · copperTonnes: 3000000Grade: 21800Grade Unit: tonnesContained Metal: 21800Contained Unit: tHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
San Antonio
Commodity
copper
Ticker
HCH

Resource scope

Estimate type
resource
Reporting standards
jorc, ni_43_101
QP Signed
Yes
Qualified person names
Elizabeth Haren
Resource group id
resource:ef1ac96af6e4285889b8

Resource Data

Category
indicated
Tonnes
3000000
Grade
21800
Grade Unit
tonnes
Contained Metal
21800
Contained Unit
t
Cutoff Grade
0.2
Cutoff Unit
% CuEq

Prior Estimate

Resource Date
2024-02-26

Metal Equivalent

Metal Eq. Grade
0.71
Metal Eq. Unit
% CuEq
Assumptions Disclosed
Yes

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2024-02-26T00:00:00.000Z

Dates

Event date
2026-09-29T00:00:00.000Z

Reasoning: This is a confirmed Indicated Open Pit Mineral Resource for copper at San Antonio, compliant with JORC and NI 43-101, with disclosed cut-off and metal equivalent assumptions. However, it is a restatement of a prior estimate with a stale effective date.

Positive factors

  • JORC Compliant
  • NI 43-101 Compliant
  • QP/CP Signed
  • Cut-off Disclosed
  • Metal Equivalent Assumptions Disclosed

Negative factors

  • Stale Estimate
  • No material change to MRE

Evidence · table

“21,800”

Context: 3

Tags used in scoring

Indicated Resourcepositive

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

Why it applies: category is "indicated"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

NI 43-101 Compliantpositive

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

Why it applies: reporting_standards includes ni_43_101

Stale Estimatenegative

Effective date is >2 years old — data currency concern, may not reflect current geological understanding.

Why it applies: effective date is 2.6 years before this release

indicatedSan Antonio · goldTonnes: 3000000Grade: 710Grade Unit: ouncesContained Metal: 710Contained Unit: ozHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
San Antonio
Commodity
gold
Ticker
HCH

Resource scope

Estimate type
resource
Reporting standards
jorc, ni_43_101
QP Signed
Yes
Qualified person names
Elizabeth Haren
Resource group id
resource:ef1ac96af6e4285889b8

Resource Data

Category
indicated
Tonnes
3000000
Grade
710
Grade Unit
ounces
Contained Metal
710
Contained Unit
oz
Cutoff Grade
0.2
Cutoff Unit
% CuEq

Prior Estimate

Resource Date
2024-02-26

Metal Equivalent

Metal Eq. Grade
0.71
Metal Eq. Unit
% CuEq
Assumptions Disclosed
Yes

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2024-02-26T00:00:00.000Z

Dates

Event date
2026-09-29T00:00:00.000Z

Reasoning: This is a confirmed Indicated Open Pit Mineral Resource for gold at San Antonio, compliant with JORC and NI 43-101, with disclosed cut-off and metal equivalent assumptions. However, it is a restatement of a prior estimate with a stale effective date.

Positive factors

  • JORC Compliant
  • NI 43-101 Compliant
  • QP/CP Signed
  • Cut-off Disclosed
  • Metal Equivalent Assumptions Disclosed

Negative factors

  • Stale Estimate
  • No material change to MRE

Evidence · table

“710”

Context: 3

Tags used in scoring

Indicated Resourcepositive

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

Why it applies: category is "indicated"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

NI 43-101 Compliantpositive

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

Why it applies: reporting_standards includes ni_43_101

Stale Estimatenegative

Effective date is >2 years old — data currency concern, may not reflect current geological understanding.

Why it applies: effective date is 2.6 years before this release

indicatedSan Antonio · silverTonnes: 3000000Grade: 113000Grade Unit: ouncesContained Metal: 113000Contained Unit: ozHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
San Antonio
Commodity
silver
Ticker
HCH

Resource scope

Estimate type
resource
Reporting standards
jorc, ni_43_101
QP Signed
Yes
Qualified person names
Elizabeth Haren
Resource group id
resource:ef1ac96af6e4285889b8

Resource Data

Category
indicated
Tonnes
3000000
Grade
113000
Grade Unit
ounces
Contained Metal
113000
Contained Unit
oz
Cutoff Grade
0.2
Cutoff Unit
% CuEq

Prior Estimate

Resource Date
2024-02-26

Metal Equivalent

Metal Eq. Grade
0.71
Metal Eq. Unit
% CuEq
Assumptions Disclosed
Yes

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2024-02-26T00:00:00.000Z

Dates

Event date
2026-09-29T00:00:00.000Z

Reasoning: This is a confirmed Indicated Open Pit Mineral Resource for silver at San Antonio, compliant with JORC and NI 43-101, with disclosed cut-off and metal equivalent assumptions. However, it is a restatement of a prior estimate with a stale effective date.

Positive factors

  • JORC Compliant
  • NI 43-101 Compliant
  • QP/CP Signed
  • Cut-off Disclosed
  • Metal Equivalent Assumptions Disclosed

Negative factors

  • Stale Estimate
  • No material change to MRE

Evidence · table

“113,000”

Context: 3

Tags used in scoring

Indicated Resourcepositive

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

Why it applies: category is "indicated"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

NI 43-101 Compliantpositive

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

Why it applies: reporting_standards includes ni_43_101

Stale Estimatenegative

Effective date is >2 years old — data currency concern, may not reflect current geological understanding.

Why it applies: effective date is 2.6 years before this release

indicatedSan Antonio · molybdenumTonnes: 3000000Grade: 6Grade Unit: tonnesContained Metal: 6Contained Unit: tHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
San Antonio
Commodity
molybdenum
Ticker
HCH

Resource scope

Estimate type
resource
Reporting standards
jorc, ni_43_101
QP Signed
Yes
Qualified person names
Elizabeth Haren
Resource group id
resource:ef1ac96af6e4285889b8

Resource Data

Category
indicated
Tonnes
3000000
Grade
6
Grade Unit
tonnes
Contained Metal
6
Contained Unit
t
Cutoff Grade
0.2
Cutoff Unit
% CuEq

Prior Estimate

Resource Date
2024-02-26

Metal Equivalent

Metal Eq. Grade
0.71
Metal Eq. Unit
% CuEq
Assumptions Disclosed
Yes

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2024-02-26T00:00:00.000Z

Dates

Event date
2026-09-29T00:00:00.000Z

Reasoning: This is a confirmed Indicated Open Pit Mineral Resource for molybdenum at San Antonio, compliant with JORC and NI 43-101, with disclosed cut-off and metal equivalent assumptions. However, it is a restatement of a prior estimate with a stale effective date.

Positive factors

  • JORC Compliant
  • NI 43-101 Compliant
  • QP/CP Signed
  • Cut-off Disclosed
  • Metal Equivalent Assumptions Disclosed

Negative factors

  • Stale Estimate
  • No material change to MRE

Evidence · table

“6”

Context: 3

Tags used in scoring

Indicated Resourcepositive

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

Why it applies: category is "indicated"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

NI 43-101 Compliantpositive

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

Why it applies: reporting_standards includes ni_43_101

Stale Estimatenegative

Effective date is >2 years old — data currency concern, may not reflect current geological understanding.

Why it applies: effective date is 2.6 years before this release

inferredSan Antonio · copperTonnes: 2000000Grade: 7500Grade Unit: tonnesContained Metal: 7500Contained Unit: tHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
San Antonio
Commodity
copper
Ticker
HCH

Resource scope

Estimate type
resource
Reporting standards
jorc, ni_43_101
QP Signed
Yes
Qualified person names
Elizabeth Haren
Resource group id
resource:e7c9ab97b2b7f4950017

Resource Data

Category
inferred
Tonnes
2000000
Grade
7500
Grade Unit
tonnes
Contained Metal
7500
Contained Unit
t
Cutoff Grade
0.2
Cutoff Unit
% CuEq

Prior Estimate

Resource Date
2024-02-26

Metal Equivalent

Metal Eq. Grade
0.41
Metal Eq. Unit
% CuEq
Assumptions Disclosed
Yes

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2024-02-26T00:00:00.000Z

Dates

Event date
2026-09-29T00:00:00.000Z

Reasoning: This is a confirmed Inferred Open Pit Mineral Resource for copper at San Antonio, compliant with JORC and NI 43-101, with disclosed cut-off and metal equivalent assumptions. However, it is a restatement of a prior estimate with a stale effective date and is of lower confidence due to its Inferred category.

Positive factors

  • JORC Compliant
  • NI 43-101 Compliant
  • QP/CP Signed
  • Cut-off Disclosed
  • Metal Equivalent Assumptions Disclosed

Negative factors

  • Stale Estimate
  • No material change to MRE
  • Inferred Resource

Evidence · table

“7,500”

Context: 2

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

NI 43-101 Compliantpositive

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

Why it applies: reporting_standards includes ni_43_101

Stale Estimatenegative

Effective date is >2 years old — data currency concern, may not reflect current geological understanding.

Why it applies: effective date is 2.6 years before this release

inferredSan Antonio · goldTonnes: 2000000Grade: 670Grade Unit: ouncesContained Metal: 670Contained Unit: ozHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
San Antonio
Commodity
gold
Ticker
HCH

Resource scope

Estimate type
resource
Reporting standards
jorc, ni_43_101
QP Signed
Yes
Qualified person names
Elizabeth Haren
Resource group id
resource:e7c9ab97b2b7f4950017

Resource Data

Category
inferred
Tonnes
2000000
Grade
670
Grade Unit
ounces
Contained Metal
670
Contained Unit
oz
Cutoff Grade
0.2
Cutoff Unit
% CuEq

Prior Estimate

Resource Date
2024-02-26

Metal Equivalent

Metal Eq. Grade
0.41
Metal Eq. Unit
% CuEq
Assumptions Disclosed
Yes

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2024-02-26T00:00:00.000Z

Dates

Event date
2026-09-29T00:00:00.000Z

Reasoning: This is a confirmed Inferred Open Pit Mineral Resource for gold at San Antonio, compliant with JORC and NI 43-101, with disclosed cut-off and metal equivalent assumptions. However, it is a restatement of a prior estimate with a stale effective date and is of lower confidence due to its Inferred category.

Positive factors

  • JORC Compliant
  • NI 43-101 Compliant
  • QP/CP Signed
  • Cut-off Disclosed
  • Metal Equivalent Assumptions Disclosed

Negative factors

  • Stale Estimate
  • No material change to MRE
  • Inferred Resource

Evidence · table

“670”

Context: 2

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

NI 43-101 Compliantpositive

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

Why it applies: reporting_standards includes ni_43_101

Stale Estimatenegative

Effective date is >2 years old — data currency concern, may not reflect current geological understanding.

Why it applies: effective date is 2.6 years before this release

inferredSan Antonio · silverTonnes: 2000000Grade: 57000Grade Unit: ouncesContained Metal: 57000Contained Unit: ozHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
San Antonio
Commodity
silver
Ticker
HCH

Resource scope

Estimate type
resource
Reporting standards
jorc, ni_43_101
QP Signed
Yes
Qualified person names
Elizabeth Haren
Resource group id
resource:e7c9ab97b2b7f4950017

Resource Data

Category
inferred
Tonnes
2000000
Grade
57000
Grade Unit
ounces
Contained Metal
57000
Contained Unit
oz
Cutoff Grade
0.2
Cutoff Unit
% CuEq

Prior Estimate

Resource Date
2024-02-26

Metal Equivalent

Metal Eq. Grade
0.41
Metal Eq. Unit
% CuEq
Assumptions Disclosed
Yes

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2024-02-26T00:00:00.000Z

Dates

Event date
2026-09-29T00:00:00.000Z

Reasoning: This is a confirmed Inferred Open Pit Mineral Resource for silver at San Antonio, compliant with JORC and NI 43-101, with disclosed cut-off and metal equivalent assumptions. However, it is a restatement of a prior estimate with a stale effective date and is of lower confidence due to its Inferred category.

Positive factors

  • JORC Compliant
  • NI 43-101 Compliant
  • QP/CP Signed
  • Cut-off Disclosed
  • Metal Equivalent Assumptions Disclosed

Negative factors

  • Stale Estimate
  • No material change to MRE
  • Inferred Resource

Evidence · table

“57,000”

Context: 2

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

NI 43-101 Compliantpositive

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

Why it applies: reporting_standards includes ni_43_101

Stale Estimatenegative

Effective date is >2 years old — data currency concern, may not reflect current geological understanding.

Why it applies: effective date is 2.6 years before this release

inferredSan Antonio · molybdenumTonnes: 2000000Grade: 4Grade Unit: tonnesContained Metal: 4Contained Unit: tHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
San Antonio
Commodity
molybdenum
Ticker
HCH

Resource scope

Estimate type
resource
Reporting standards
jorc, ni_43_101
QP Signed
Yes
Qualified person names
Elizabeth Haren
Resource group id
resource:e7c9ab97b2b7f4950017

Resource Data

Category
inferred
Tonnes
2000000
Grade
4
Grade Unit
tonnes
Contained Metal
4
Contained Unit
t
Cutoff Grade
0.2
Cutoff Unit
% CuEq

Prior Estimate

Resource Date
2024-02-26

Metal Equivalent

Metal Eq. Grade
0.41
Metal Eq. Unit
% CuEq
Assumptions Disclosed
Yes

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2024-02-26T00:00:00.000Z

Dates

Event date
2026-09-29T00:00:00.000Z

Reasoning: This is a confirmed Inferred Open Pit Mineral Resource for molybdenum at San Antonio, compliant with JORC and NI 43-101, with disclosed cut-off and metal equivalent assumptions. However, it is a restatement of a prior estimate with a stale effective date and is of lower confidence due to its Inferred category.

Positive factors

  • JORC Compliant
  • NI 43-101 Compliant
  • QP/CP Signed
  • Cut-off Disclosed
  • Metal Equivalent Assumptions Disclosed

Negative factors

  • Stale Estimate
  • No material change to MRE
  • Inferred Resource

Evidence · table

“4”

Context: 2

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

NI 43-101 Compliantpositive

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

Why it applies: reporting_standards includes ni_43_101

Stale Estimatenegative

Effective date is >2 years old — data currency concern, may not reflect current geological understanding.

Why it applies: effective date is 2.6 years before this release

probableSan Antonio · copperTonnes: 4000000Grade: 0.82Grade Unit: %Contained Metal: 30Contained Unit: ktHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
San Antonio
Commodity
copper
Ticker
HCH

Resource scope

Estimate type
reserve
Reporting standards
jorc, ni_43_101
QP Signed
Yes
Qualified person names
Anton von Wielligh
Resource group id
resource:e252a5f1cad9a2aefa7e

Resource Data

Category
probable
Tonnes
4000000
Grade
0.82
Grade Unit
%
Contained Metal
30
Contained Unit
kt

Prior Estimate

Resource Date
2025-03-27

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2025-03-27T00:00:00.000Z

Dates

Event date
2026-09-29T00:00:00.000Z

Reasoning: This is a confirmed Probable Open Pit Ore Reserve for copper at San Antonio, compliant with JORC and NI 43-101, and signed off by a QP/CP. However, it is a restatement of a prior estimate with a stale effective date.

Positive factors

  • JORC Compliant
  • NI 43-101 Compliant
  • QP/CP Signed

Negative factors

  • Stale Estimate

Evidence · table

“0.82”

Context: 4

Tags used in scoring

Probable Reservepositive

Indicated Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "probable"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

NI 43-101 Compliantpositive

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

Why it applies: reporting_standards includes ni_43_101

probableSan Antonio · goldTonnes: 4000000Grade: 0.01Grade Unit: g/tContained Metal: 1Contained Unit: kozHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
San Antonio
Commodity
gold
Ticker
HCH

Resource scope

Estimate type
reserve
Reporting standards
jorc, ni_43_101
QP Signed
Yes
Qualified person names
Anton von Wielligh
Resource group id
resource:e252a5f1cad9a2aefa7e

Resource Data

Category
probable
Tonnes
4000000
Grade
0.01
Grade Unit
g/t
Contained Metal
1
Contained Unit
koz

Prior Estimate

Resource Date
2025-03-27

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2025-03-27T00:00:00.000Z

Dates

Event date
2026-09-29T00:00:00.000Z

Reasoning: This is a confirmed Probable Open Pit Ore Reserve for gold at San Antonio, compliant with JORC and NI 43-101, and signed off by a QP/CP. However, it is a restatement of a prior estimate with a stale effective date.

Positive factors

  • JORC Compliant
  • NI 43-101 Compliant
  • QP/CP Signed

Negative factors

  • Stale Estimate

Evidence · table

“0.01”

Context: 4

Tags used in scoring

Probable Reservepositive

Indicated Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "probable"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

NI 43-101 Compliantpositive

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

Why it applies: reporting_standards includes ni_43_101

probableSan Antonio · silverTonnes: 4000000Grade: 1.34Grade Unit: g/tContained Metal: 158Contained Unit: kozHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
San Antonio
Commodity
silver
Ticker
HCH

Resource scope

Estimate type
reserve
Reporting standards
jorc, ni_43_101
QP Signed
Yes
Qualified person names
Anton von Wielligh
Resource group id
resource:e252a5f1cad9a2aefa7e

Resource Data

Category
probable
Tonnes
4000000
Grade
1.34
Grade Unit
g/t
Contained Metal
158
Contained Unit
koz

Prior Estimate

Resource Date
2025-03-27

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2025-03-27T00:00:00.000Z

Dates

Event date
2026-09-29T00:00:00.000Z

Reasoning: This is a confirmed Probable Open Pit Ore Reserve for silver at San Antonio, compliant with JORC and NI 43-101, and signed off by a QP/CP. However, it is a restatement of a prior estimate with a stale effective date.

Positive factors

  • JORC Compliant
  • NI 43-101 Compliant
  • QP/CP Signed

Negative factors

  • Stale Estimate

Evidence · table

“1.34”

Context: 4

Tags used in scoring

Probable Reservepositive

Indicated Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "probable"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

NI 43-101 Compliantpositive

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

Why it applies: reporting_standards includes ni_43_101

probableSan Antonio · molybdenumTonnes: 4000000Grade: 3Grade Unit: ppmHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
San Antonio
Commodity
molybdenum
Ticker
HCH

Resource scope

Estimate type
reserve
Reporting standards
jorc, ni_43_101
QP Signed
Yes
Qualified person names
Anton von Wielligh
Resource group id
resource:e252a5f1cad9a2aefa7e

Resource Data

Category
probable
Tonnes
4000000
Grade
3
Grade Unit
ppm

Prior Estimate

Resource Date
2025-03-27

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2025-03-27T00:00:00.000Z

Dates

Event date
2026-09-29T00:00:00.000Z

Reasoning: This is a confirmed Probable Open Pit Ore Reserve for molybdenum at San Antonio, compliant with JORC and NI 43-101, and signed off by a QP/CP. However, it is a restatement of a prior estimate with a stale effective date.

Positive factors

  • JORC Compliant
  • NI 43-101 Compliant
  • QP/CP Signed

Negative factors

  • Stale Estimate

Evidence · table

“3”

Context: 4

Tags used in scoring

Probable Reservepositive

Indicated Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "probable"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

NI 43-101 Compliantpositive

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

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

indicatedAlice · copperTonnes: 16000000Grade: 55300Grade Unit: tonnesContained Metal: 55300Contained Unit: tHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Alice
Commodity
copper
Ticker
HCH

Resource scope

Estimate type
resource
Reporting standards
jorc, ni_43_101
QP Signed
Yes
Qualified person names
Elizabeth Haren
Resource group id
resource:ae0ef18757a9d3ee8d51

Resource Data

Category
indicated
Tonnes
16000000
Grade
55300
Grade Unit
tonnes
Contained Metal
55300
Contained Unit
t
Cutoff Grade
0.2
Cutoff Unit
% CuEq

Prior Estimate

Resource Date
2024-02-26

Metal Equivalent

Metal Eq. Grade
0.37
Metal Eq. Unit
% CuEq
Assumptions Disclosed
Yes

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2024-02-26T00:00:00.000Z

Dates

Event date
2026-09-29T00:00:00.000Z

Reasoning: This is a confirmed Indicated Open Pit Mineral Resource for copper at Alice, compliant with JORC and NI 43-101, with disclosed cut-off and metal equivalent assumptions. However, it is a restatement of a prior estimate with a stale effective date.

Positive factors

  • JORC Compliant
  • NI 43-101 Compliant
  • QP/CP Signed
  • Cut-off Disclosed
  • Metal Equivalent Assumptions Disclosed

Negative factors

  • Stale Estimate
  • No material change to MRE

Evidence · table

“55,300”

Context: 16

Tags used in scoring

Indicated Resourcepositive

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

Why it applies: category is "indicated"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

NI 43-101 Compliantpositive

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

Why it applies: reporting_standards includes ni_43_101

Stale Estimatenegative

Effective date is >2 years old — data currency concern, may not reflect current geological understanding.

Why it applies: effective date is 2.6 years before this release

indicatedAlice · goldTonnes: 16000000Grade: 17200Grade Unit: ouncesContained Metal: 17200Contained Unit: ozHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Alice
Commodity
gold
Ticker
HCH

Resource scope

Estimate type
resource
Reporting standards
jorc, ni_43_101
QP Signed
Yes
Qualified person names
Elizabeth Haren
Resource group id
resource:ae0ef18757a9d3ee8d51

Resource Data

Category
indicated
Tonnes
16000000
Grade
17200
Grade Unit
ounces
Contained Metal
17200
Contained Unit
oz
Cutoff Grade
0.2
Cutoff Unit
% CuEq

Prior Estimate

Resource Date
2024-02-26

Metal Equivalent

Metal Eq. Grade
0.37
Metal Eq. Unit
% CuEq
Assumptions Disclosed
Yes

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2024-02-26T00:00:00.000Z

Dates

Event date
2026-09-29T00:00:00.000Z

Reasoning: This is a confirmed Indicated Open Pit Mineral Resource for gold at Alice, compliant with JORC and NI 43-101, with disclosed cut-off and metal equivalent assumptions. However, it is a restatement of a prior estimate with a stale effective date.

Positive factors

  • JORC Compliant
  • NI 43-101 Compliant
  • QP/CP Signed
  • Cut-off Disclosed
  • Metal Equivalent Assumptions Disclosed

Negative factors

  • Stale Estimate
  • No material change to MRE

Evidence · table

“17,200”

Context: 16

Tags used in scoring

Indicated Resourcepositive

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

Why it applies: category is "indicated"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

NI 43-101 Compliantpositive

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

Why it applies: reporting_standards includes ni_43_101

Stale Estimatenegative

Effective date is >2 years old — data currency concern, may not reflect current geological understanding.

Why it applies: effective date is 2.6 years before this release

indicatedAlice · silverTonnes: 16000000Grade: 80200Grade Unit: ouncesContained Metal: 80200Contained Unit: ozHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Alice
Commodity
silver
Ticker
HCH

Resource scope

Estimate type
resource
Reporting standards
jorc, ni_43_101
QP Signed
Yes
Qualified person names
Elizabeth Haren
Resource group id
resource:ae0ef18757a9d3ee8d51

Resource Data

Category
indicated
Tonnes
16000000
Grade
80200
Grade Unit
ounces
Contained Metal
80200
Contained Unit
oz
Cutoff Grade
0.2
Cutoff Unit
% CuEq

Prior Estimate

Resource Date
2024-02-26

Metal Equivalent

Metal Eq. Grade
0.37
Metal Eq. Unit
% CuEq
Assumptions Disclosed
Yes

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2024-02-26T00:00:00.000Z

Dates

Event date
2026-09-29T00:00:00.000Z

Reasoning: This is a confirmed Indicated Open Pit Mineral Resource for silver at Alice, compliant with JORC and NI 43-101, with disclosed cut-off and metal equivalent assumptions. However, it is a restatement of a prior estimate with a stale effective date.

Positive factors

  • JORC Compliant
  • NI 43-101 Compliant
  • QP/CP Signed
  • Cut-off Disclosed
  • Metal Equivalent Assumptions Disclosed

Negative factors

  • Stale Estimate
  • No material change to MRE

Evidence · table

“80,200”

Context: 16

Tags used in scoring

Indicated Resourcepositive

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

Why it applies: category is "indicated"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

NI 43-101 Compliantpositive

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

Why it applies: reporting_standards includes ni_43_101

Stale Estimatenegative

Effective date is >2 years old — data currency concern, may not reflect current geological understanding.

Why it applies: effective date is 2.6 years before this release

indicatedAlice · molybdenumTonnes: 16000000Grade: 725Grade Unit: tonnesContained Metal: 725Contained Unit: tHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Alice
Commodity
molybdenum
Ticker
HCH

Resource scope

Estimate type
resource
Reporting standards
jorc, ni_43_101
QP Signed
Yes
Qualified person names
Elizabeth Haren
Resource group id
resource:ae0ef18757a9d3ee8d51

Resource Data

Category
indicated
Tonnes
16000000
Grade
725
Grade Unit
tonnes
Contained Metal
725
Contained Unit
t
Cutoff Grade
0.2
Cutoff Unit
% CuEq

Prior Estimate

Resource Date
2024-02-26

Metal Equivalent

Metal Eq. Grade
0.37
Metal Eq. Unit
% CuEq
Assumptions Disclosed
Yes

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2024-02-26T00:00:00.000Z

Dates

Event date
2026-09-29T00:00:00.000Z

Reasoning: This is a confirmed Indicated Open Pit Mineral Resource for molybdenum at Alice, compliant with JORC and NI 43-101, with disclosed cut-off and metal equivalent assumptions. However, it is a restatement of a prior estimate with a stale effective date.

Positive factors

  • JORC Compliant
  • NI 43-101 Compliant
  • QP/CP Signed
  • Cut-off Disclosed
  • Metal Equivalent Assumptions Disclosed

Negative factors

  • Stale Estimate
  • No material change to MRE

Evidence · table

“725”

Context: 16

Tags used in scoring

Indicated Resourcepositive

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

Why it applies: category is "indicated"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

NI 43-101 Compliantpositive

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

Why it applies: reporting_standards includes ni_43_101

Stale Estimatenegative

Effective date is >2 years old — data currency concern, may not reflect current geological understanding.

Why it applies: effective date is 2.6 years before this release

probableAlice · copperTonnes: 14000000Grade: 0.3Grade Unit: %Contained Metal: 42Contained Unit: ktHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Alice
Commodity
copper
Ticker
HCH

Resource scope

Estimate type
reserve
Reporting standards
jorc, ni_43_101
QP Signed
Yes
Qualified person names
Anton von Wielligh
Resource group id
resource:e3e0758aa9ff59c3618f

Resource Data

Category
probable
Tonnes
14000000
Grade
0.3
Grade Unit
%
Contained Metal
42
Contained Unit
kt

Prior Estimate

Resource Date
2025-03-27

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2025-03-27T00:00:00.000Z

Dates

Event date
2026-09-29T00:00:00.000Z

Reasoning: This is a confirmed Probable Open Pit Ore Reserve for copper at Alice, compliant with JORC and NI 43-101, and signed off by a QP/CP. However, it is a restatement of a prior estimate with a stale effective date.

Positive factors

  • JORC Compliant
  • NI 43-101 Compliant
  • QP/CP Signed

Negative factors

  • Stale Estimate

Evidence · table

“0.30”

Context: 14

Tags used in scoring

Probable Reservepositive

Indicated Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "probable"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

NI 43-101 Compliantpositive

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

Why it applies: reporting_standards includes ni_43_101

probableAlice · goldTonnes: 14000000Grade: 0.03Grade Unit: g/tContained Metal: 15Contained Unit: kozHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Alice
Commodity
gold
Ticker
HCH

Resource scope

Estimate type
reserve
Reporting standards
jorc, ni_43_101
QP Signed
Yes
Qualified person names
Anton von Wielligh
Resource group id
resource:e3e0758aa9ff59c3618f

Resource Data

Category
probable
Tonnes
14000000
Grade
0.03
Grade Unit
g/t
Contained Metal
15
Contained Unit
koz

Prior Estimate

Resource Date
2025-03-27

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2025-03-27T00:00:00.000Z

Dates

Event date
2026-09-29T00:00:00.000Z

Reasoning: This is a confirmed Probable Open Pit Ore Reserve for gold at Alice, compliant with JORC and NI 43-101, and signed off by a QP/CP. However, it is a restatement of a prior estimate with a stale effective date.

Positive factors

  • JORC Compliant
  • NI 43-101 Compliant
  • QP/CP Signed

Negative factors

  • Stale Estimate

Evidence · table

“0.03”

Context: 14

Tags used in scoring

Probable Reservepositive

Indicated Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "probable"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

NI 43-101 Compliantpositive

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

Why it applies: reporting_standards includes ni_43_101

probableAlice · silverTonnes: 14000000Grade: 0.18Grade Unit: g/tContained Metal: 82Contained Unit: kozHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Alice
Commodity
silver
Ticker
HCH

Resource scope

Estimate type
reserve
Reporting standards
jorc, ni_43_101
QP Signed
Yes
Qualified person names
Anton von Wielligh
Resource group id
resource:e3e0758aa9ff59c3618f

Resource Data

Category
probable
Tonnes
14000000
Grade
0.18
Grade Unit
g/t
Contained Metal
82
Contained Unit
koz

Prior Estimate

Resource Date
2025-03-27

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2025-03-27T00:00:00.000Z

Dates

Event date
2026-09-29T00:00:00.000Z

Reasoning: This is a confirmed Probable Open Pit Ore Reserve for silver at Alice, compliant with JORC and NI 43-101, and signed off by a QP/CP. However, it is a restatement of a prior estimate with a stale effective date.

Positive factors

  • JORC Compliant
  • NI 43-101 Compliant
  • QP/CP Signed

Negative factors

  • Stale Estimate

Evidence · table

“0.18”

Context: 14

Tags used in scoring

Probable Reservepositive

Indicated Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "probable"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

NI 43-101 Compliantpositive

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

Why it applies: reporting_standards includes ni_43_101

probableAlice · molybdenumTonnes: 14000000Grade: 1Grade Unit: ktContained Metal: 1000Contained Unit: tHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Alice
Commodity
molybdenum
Ticker
HCH

Resource scope

Estimate type
reserve
Reporting standards
jorc, ni_43_101
QP Signed
Yes
Qualified person names
Anton von Wielligh
Resource group id
resource:e3e0758aa9ff59c3618f

Resource Data

Category
probable
Tonnes
14000000
Grade
1
Grade Unit
kt
Contained Metal
1000
Contained Unit
t

Prior Estimate

Resource Date
2025-03-27

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2025-03-27T00:00:00.000Z

Dates

Event date
2026-09-29T00:00:00.000Z

Reasoning: This is a confirmed Probable Open Pit Ore Reserve for molybdenum at Alice, compliant with JORC and NI 43-101, and signed off by a QP/CP. However, it is a restatement of a prior estimate with a stale effective date.

Positive factors

  • JORC Compliant
  • NI 43-101 Compliant
  • QP/CP Signed

Negative factors

  • Stale Estimate

Evidence · table

“1”

Context: 14

Tags used in scoring

Probable Reservepositive

Indicated Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "probable"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

NI 43-101 Compliantpositive

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

Why it applies: reporting_standards includes ni_43_101

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.