HONEY BADGER SILVER ANNOUNCES POSITIVE PRELIMINARY ECONOMIC ASSESSMENT FORTHE PC SILVER MINE; SEES SIGNIFICANT SILVER PLUS CRITICAL MINERALS PRODUCTION

Original announcement by prospectors_exchange on

Company
Honey Badger Silver
Ticker
TUF
Exchange
Unavailable
Region
Northwest Territories, Canada
Primary commodity
Silver
Secondary commodities
Copper, Lead, Zinc, Antimony
Document categories
Resource update, Other
Extracted
2026-09-18 12:51:44 UTC

Analysis by Minestarters Atlas

Atlas analysis published:

Minestarters Atlas analysis

Summary

Honey Badger Silver announced positive results from an updated Preliminary Economic Assessment (PEA) for its PC Silver Mine, projecting a 22-year mine life with strong economics, including a post-tax NPV8% of $1.8 billion and negative All-in Sustaining Costs at spot prices. The PEA is supported by an updated NI 43-101 compliant Mineral Resource Estimate, which includes 11.63 million tonnes of Measured & Indicated resources and 8.47 million tonnes of Inferred resources, containing significant silver, zinc, lead, copper, and antimony.

Reasoning: The updated Preliminary Economic Assessment for the PC Silver Mine demonstrates robust economics with a long mine life and significant contained metal, supported by an NI 43-101 compliant Mineral Resource Estimate, although the study is preliminary and includes a substantial Inferred resource component.

Positive factors

  • Strong economics demonstrated by PEA (high NPV, IRR, negative AISC)
  • Long mine life of 22 years
  • Large Measured & Indicated resource base (11.63 Mt)
  • NI 43-101 compliant Mineral Resource Estimate
  • Qualified Person (QP) sign-off for MRE and PEA
  • Existing infrastructure reduces capital risk
  • Potential for additional critical minerals (germanium, tungsten) not yet included in PEA

Negative factors

  • Preliminary Economic Assessment (PEA) is preliminary in nature
  • Significant portion of the resource is in the Inferred category (8.47 Mt)

Low confidence — this extraction should be reviewed alongside the original source.

Facts used in scoring: 34

Classification and evidence

Measured Resourcepositive

Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.

Why it applies: The Mineral Resource Estimate includes 0.984 Mt in the Measured category, representing the highest confidence level.

Evidence · table

“Measured”

Context: 0.984

Indicated Resourcepositive

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

Why it applies: The Mineral Resource Estimate includes 10.644 Mt in the Indicated category, providing a good level of geological confidence.

Evidence · table

“Indicated”

Context: 10.644

Inferred Resourcenegative

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

Why it applies: The Mineral Resource Estimate includes 8.469 Mt in the Inferred category, which is a speculative category with lower geological confidence.

Evidence · table

“Inferred”

Context: 8.469

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 MRE was prepared by Mr. Greg Mosher, P.Geo., of Global Mineral Resource Services, who is an independent 'qualified person' for NI 43-101.

Evidence · text

“The Qualified Person, as defined by NI 43-101, (“QP”) for this MRE is Mr. Greg Mosher, P.Geo., of GlobalMineral Resource Services, who is responsible for the MRE.”

NI 43-101 Compliantpositive

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

Why it applies: The mineral resources have been prepared in accordance with the CIM Standards and follow Best Practices outlined by the CIM, and the QP is defined by NI 43-101.

Evidence · text

“The mineral resources described above have been prepared in accordance with the CIM Standards (Canadian Institute of Mining, Metallurgy and Petroleum, 2014) and follow Best Practices outlined by the CIM (2019). The Qualified Person, as defined by NI 43-101, (“QP”) for this MRE is Mr. Greg Mosher, P.Geo.”

Cut-off Disclosedpositive

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

Why it applies: The PEA mine plan is based on the Mineral Resource Estimate at a AgEq cut-off of 100 g/t.

Evidence · text

“at a AgEq cut-off of 100 g/t”

Resource Updateneutral

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

Why it applies: The announcement explicitly states it is an 'updated Preliminary Economic Assessment' and 'updated Mineral Resource Estimate'.

Evidence · text

“updated Preliminary Economic Assessment¹ (the “PEA”) and updated Mineral Resource Estimate (“MRE”)”

PEA-Supportingneutral

Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: The Mineral Resource Estimate was prepared to support the Preliminary Economic Assessment.

Evidence · text

“The PEA mine plan is based on the Mineral Resource Estimate effective June 21, 2026”

Deleterious Elements Presentnegative · Story-specific tag

Penalty elements (arsenic, antimony, etc.) or refractory concerns noted in the release.

Why it applies: Antimony (Sb) is reported in the resource estimate, which can be a penalty element in some concentrates.

Evidence · table

“Sb ppm”

Context: 1,021

Extracted facts

Stored fact records: 34. Some facts used in scoring do not have a stored record.

Resource Estimates (34)

measuredPC Silver Mine · silverTonnes: 984000Grade: 663Grade Unit: g/tView all details
Link to this fact

Identity

Project
PC Silver Mine
Commodity
silver
Region
canada
Reported Region
Northwest Territories, Canada
Ticker
TUF

Resource scope

Estimate type
resource
Effective date
2026-06-21T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Greg Mosher, P.Geo.
Resource group id
resource:0c7fa5cf491285b1d06a
Mining method
underground
Ownership percent
100 %

Resource Data

Category
measured
Tonnes
984000
Grade
663
Grade Unit
g/t
Cutoff Grade
100
Cutoff Unit
g/t AgEq

Prior Estimate

Resource Date
2026-06-21

Metal Equivalent

Metal Eq. Grade
663
Metal Eq. Unit
g/t AgEq
Assumptions Disclosed
Yes

Location

Latitude
61.55
Longitude
-124.8
Loc. Confidence
medium
Loc. Source
document

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-17T00:00:00.000Z

Reasoning: The Measured resource for silver equivalent shows a high grade, contributing to the overall positive economics of the project.

Positive factors

  • High-grade silver equivalent
  • Highest confidence resource category (Measured)
  • NI 43-101 compliant and QP signed

Evidence · table

“663”

Context: 0.984

Tags used in scoring

Measured Resourcepositive

Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.

Why it applies: category is "measured"

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

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

Resource Updateneutral

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

Why it applies: the release compares against a previous estimate

PEA-Supportingneutral

Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

measuredPC Silver Mine · silverTonnes: 984000Grade: 194Grade Unit: g/tView all details
Link to this fact

Identity

Project
PC Silver Mine
Commodity
silver
Region
canada
Reported Region
Northwest Territories, Canada
Ticker
TUF

Resource scope

Estimate type
resource
Effective date
2026-06-21T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Greg Mosher, P.Geo.
Resource group id
resource:0c7fa5cf491285b1d06a
Mining method
underground
Ownership percent
100 %

Resource Data

Category
measured
Tonnes
984000
Grade
194
Grade Unit
g/t
Cutoff Grade
100
Cutoff Unit
g/t AgEq

Prior Estimate

Resource Date
2026-06-21

Metal Equivalent

Assumptions Disclosed
Yes

Location

Latitude
61.55
Longitude
-124.8
Loc. Confidence
medium
Loc. Source
document

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-17T00:00:00.000Z

Reasoning: The Measured resource for silver shows a high grade, contributing to the overall positive economics of the project.

Positive factors

  • High-grade silver
  • Highest confidence resource category (Measured)
  • NI 43-101 compliant and QP signed

Evidence · table

“194”

Context: 0.984

Tags used in scoring

Measured Resourcepositive

Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.

Why it applies: category is "measured"

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

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

Resource Updateneutral

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

Why it applies: the release compares against a previous estimate

PEA-Supportingneutral

Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

measuredPC Silver Mine · copperTonnes: 984000Grade: 0.37Grade Unit: %View all details
Link to this fact

Identity

Project
PC Silver Mine
Commodity
copper
Region
canada
Reported Region
Northwest Territories, Canada
Ticker
TUF

Resource scope

Estimate type
resource
Effective date
2026-06-21T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Greg Mosher, P.Geo.
Resource group id
resource:0c7fa5cf491285b1d06a
Mining method
underground
Ownership percent
100 %

Resource Data

Category
measured
Tonnes
984000
Grade
0.37
Grade Unit
%
Cutoff Grade
100
Cutoff Unit
g/t AgEq

Prior Estimate

Resource Date
2026-06-21

Metal Equivalent

Assumptions Disclosed
Yes

Location

Latitude
61.55
Longitude
-124.8
Loc. Confidence
medium
Loc. Source
document

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-17T00:00:00.000Z

Reasoning: Copper contributes to the overall value of the Measured resource as a byproduct.

Positive factors

  • Copper as a byproduct in Measured resource
  • NI 43-101 compliant and QP signed

Evidence · table

“0.37”

Context: 0.984

Tags used in scoring

Measured Resourcepositive

Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.

Why it applies: category is "measured"

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

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

Resource Updateneutral

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

Why it applies: the release compares against a previous estimate

PEA-Supportingneutral

Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

measuredPC Silver Mine · leadTonnes: 984000Grade: 10.49Grade Unit: %View all details
Link to this fact

Identity

Project
PC Silver Mine
Commodity
lead
Region
canada
Reported Region
Northwest Territories, Canada
Ticker
TUF

Resource scope

Estimate type
resource
Effective date
2026-06-21T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Greg Mosher, P.Geo.
Resource group id
resource:0c7fa5cf491285b1d06a
Mining method
underground
Ownership percent
100 %

Resource Data

Category
measured
Tonnes
984000
Grade
10.49
Grade Unit
%
Cutoff Grade
100
Cutoff Unit
g/t AgEq

Prior Estimate

Resource Date
2026-06-21

Metal Equivalent

Assumptions Disclosed
Yes

Location

Latitude
61.55
Longitude
-124.8
Loc. Confidence
medium
Loc. Source
document

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-17T00:00:00.000Z

Reasoning: The Measured resource for lead shows a high grade, contributing significantly to the project's economics.

Positive factors

  • High-grade lead in Measured resource
  • NI 43-101 compliant and QP signed

Evidence · table

“10.49”

Context: 0.984

Tags used in scoring

Measured Resourcepositive

Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.

Why it applies: category is "measured"

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

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

Resource Updateneutral

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

Why it applies: the release compares against a previous estimate

PEA-Supportingneutral

Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

measuredPC Silver Mine · antimonyTonnes: 984000Grade: 1021Grade Unit: ppmView all details
Link to this fact

Identity

Project
PC Silver Mine
Commodity
antimony
Region
canada
Reported Region
Northwest Territories, Canada
Ticker
TUF

Resource scope

Estimate type
resource
Effective date
2026-06-21T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Greg Mosher, P.Geo.
Resource group id
resource:0c7fa5cf491285b1d06a
Mining method
underground
Ownership percent
100 %

Resource Data

Category
measured
Tonnes
984000
Grade
1021
Grade Unit
ppm
Cutoff Grade
100
Cutoff Unit
g/t AgEq

Prior Estimate

Resource Date
2026-06-21

Metal Equivalent

Assumptions Disclosed
Yes

Location

Latitude
61.55
Longitude
-124.8
Loc. Confidence
medium
Loc. Source
document

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-17T00:00:00.000Z

Reasoning: Antimony contributes to the overall value of the Measured resource as a critical mineral.

Positive factors

  • Antimony as a critical mineral in Measured resource
  • NI 43-101 compliant and QP signed

Evidence · table

“1,021”

Context: 0.984

Tags used in scoring

Measured Resourcepositive

Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.

Why it applies: category is "measured"

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

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

Resource Updateneutral

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

Why it applies: the release compares against a previous estimate

PEA-Supportingneutral

Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

measuredPC Silver Mine · zincTonnes: 984000Grade: 12.56Grade Unit: %View all details
Link to this fact

Identity

Project
PC Silver Mine
Commodity
zinc
Region
canada
Reported Region
Northwest Territories, Canada
Ticker
TUF

Resource scope

Estimate type
resource
Effective date
2026-06-21T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Greg Mosher, P.Geo.
Resource group id
resource:0c7fa5cf491285b1d06a
Mining method
underground
Ownership percent
100 %

Resource Data

Category
measured
Tonnes
984000
Grade
12.56
Grade Unit
%
Cutoff Grade
100
Cutoff Unit
g/t AgEq

Prior Estimate

Resource Date
2026-06-21

Metal Equivalent

Assumptions Disclosed
Yes

Location

Latitude
61.55
Longitude
-124.8
Loc. Confidence
medium
Loc. Source
document

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-17T00:00:00.000Z

Reasoning: The Measured resource for zinc shows a high grade, contributing significantly to the project's economics.

Positive factors

  • High-grade zinc in Measured resource
  • NI 43-101 compliant and QP signed

Evidence · table

“12.56”

Context: 0.984

Tags used in scoring

Measured Resourcepositive

Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.

Why it applies: category is "measured"

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

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

Resource Updateneutral

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

Why it applies: the release compares against a previous estimate

PEA-Supportingneutral

Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

indicatedPC Silver Mine · silverTonnes: 10644000Grade: 402Grade Unit: g/tView all details
Link to this fact

Identity

Project
PC Silver Mine
Commodity
silver
Region
canada
Reported Region
Northwest Territories, Canada
Ticker
TUF

Resource scope

Estimate type
resource
Effective date
2026-06-21T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Greg Mosher, P.Geo.
Resource group id
resource:5a37bc45c1c84563d185
Mining method
underground
Ownership percent
100 %

Resource Data

Category
indicated
Tonnes
10644000
Grade
402
Grade Unit
g/t
Cutoff Grade
100
Cutoff Unit
g/t AgEq

Prior Estimate

Resource Date
2026-06-21

Metal Equivalent

Metal Eq. Grade
402
Metal Eq. Unit
g/t AgEq
Assumptions Disclosed
Yes

Location

Latitude
61.55
Longitude
-124.8
Loc. Confidence
medium
Loc. Source
document

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-17T00:00:00.000Z

Reasoning: The Indicated resource for silver equivalent provides a substantial base for economic studies with good confidence.

Positive factors

  • Significant tonnage in Indicated category
  • Good silver equivalent grade
  • NI 43-101 compliant and QP signed

Evidence · table

“402”

Context: 10.644

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

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

Resource Updateneutral

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

Why it applies: the release compares against a previous estimate

PEA-Supportingneutral

Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

indicatedPC Silver Mine · silverTonnes: 10644000Grade: 108Grade Unit: g/tView all details
Link to this fact

Identity

Project
PC Silver Mine
Commodity
silver
Region
canada
Reported Region
Northwest Territories, Canada
Ticker
TUF

Resource scope

Estimate type
resource
Effective date
2026-06-21T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Greg Mosher, P.Geo.
Resource group id
resource:5a37bc45c1c84563d185
Mining method
underground
Ownership percent
100 %

Resource Data

Category
indicated
Tonnes
10644000
Grade
108
Grade Unit
g/t
Cutoff Grade
100
Cutoff Unit
g/t AgEq

Prior Estimate

Resource Date
2026-06-21

Metal Equivalent

Assumptions Disclosed
Yes

Location

Latitude
61.55
Longitude
-124.8
Loc. Confidence
medium
Loc. Source
document

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-17T00:00:00.000Z

Reasoning: The Indicated resource for silver provides a substantial base for economic studies with good confidence.

Positive factors

  • Significant tonnage in Indicated category
  • Good silver grade
  • NI 43-101 compliant and QP signed

Evidence · table

“108”

Context: 10.644

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

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

Resource Updateneutral

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

Why it applies: the release compares against a previous estimate

PEA-Supportingneutral

Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

indicatedPC Silver Mine · copperTonnes: 10644000Grade: 0.21Grade Unit: %View all details
Link to this fact

Identity

Project
PC Silver Mine
Commodity
copper
Region
canada
Reported Region
Northwest Territories, Canada
Ticker
TUF

Resource scope

Estimate type
resource
Effective date
2026-06-21T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Greg Mosher, P.Geo.
Resource group id
resource:5a37bc45c1c84563d185
Mining method
underground
Ownership percent
100 %

Resource Data

Category
indicated
Tonnes
10644000
Grade
0.21
Grade Unit
%
Cutoff Grade
100
Cutoff Unit
g/t AgEq

Prior Estimate

Resource Date
2026-06-21

Metal Equivalent

Assumptions Disclosed
Yes

Location

Latitude
61.55
Longitude
-124.8
Loc. Confidence
medium
Loc. Source
document

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-17T00:00:00.000Z

Reasoning: Copper contributes to the overall value of the Indicated resource as a byproduct.

Positive factors

  • Copper as a byproduct in Indicated resource
  • NI 43-101 compliant and QP signed

Evidence · table

“0.21”

Context: 10.644

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

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

Resource Updateneutral

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

Why it applies: the release compares against a previous estimate

PEA-Supportingneutral

Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

indicatedPC Silver Mine · leadTonnes: 10644000Grade: 6.88Grade Unit: %View all details
Link to this fact

Identity

Project
PC Silver Mine
Commodity
lead
Region
canada
Reported Region
Northwest Territories, Canada
Ticker
TUF

Resource scope

Estimate type
resource
Effective date
2026-06-21T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Greg Mosher, P.Geo.
Resource group id
resource:5a37bc45c1c84563d185
Mining method
underground
Ownership percent
100 %

Resource Data

Category
indicated
Tonnes
10644000
Grade
6.88
Grade Unit
%
Cutoff Grade
100
Cutoff Unit
g/t AgEq

Prior Estimate

Resource Date
2026-06-21

Metal Equivalent

Assumptions Disclosed
Yes

Location

Latitude
61.55
Longitude
-124.8
Loc. Confidence
medium
Loc. Source
document

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-17T00:00:00.000Z

Reasoning: The Indicated resource for lead provides a substantial base for economic studies with good confidence.

Positive factors

  • Significant tonnage in Indicated category
  • Good lead grade
  • NI 43-101 compliant and QP signed

Evidence · table

“6.88”

Context: 10.644

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

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

Resource Updateneutral

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

Why it applies: the release compares against a previous estimate

PEA-Supportingneutral

Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

indicatedPC Silver Mine · antimonyTonnes: 10644000Grade: 955Grade Unit: ppmView all details
Link to this fact

Identity

Project
PC Silver Mine
Commodity
antimony
Region
canada
Reported Region
Northwest Territories, Canada
Ticker
TUF

Resource scope

Estimate type
resource
Effective date
2026-06-21T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Greg Mosher, P.Geo.
Resource group id
resource:5a37bc45c1c84563d185
Mining method
underground
Ownership percent
100 %

Resource Data

Category
indicated
Tonnes
10644000
Grade
955
Grade Unit
ppm
Cutoff Grade
100
Cutoff Unit
g/t AgEq

Prior Estimate

Resource Date
2026-06-21

Metal Equivalent

Assumptions Disclosed
Yes

Location

Latitude
61.55
Longitude
-124.8
Loc. Confidence
medium
Loc. Source
document

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-17T00:00:00.000Z

Reasoning: Antimony contributes to the overall value of the Indicated resource as a critical mineral.

Positive factors

  • Antimony as a critical mineral in Indicated resource
  • NI 43-101 compliant and QP signed

Evidence · table

“955”

Context: 10.644

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

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

Resource Updateneutral

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

Why it applies: the release compares against a previous estimate

PEA-Supportingneutral

Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

indicatedPC Silver Mine · zincTonnes: 10644000Grade: 7.76Grade Unit: %View all details
Link to this fact

Identity

Project
PC Silver Mine
Commodity
zinc
Region
canada
Reported Region
Northwest Territories, Canada
Ticker
TUF

Resource scope

Estimate type
resource
Effective date
2026-06-21T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Greg Mosher, P.Geo.
Resource group id
resource:5a37bc45c1c84563d185
Mining method
underground
Ownership percent
100 %

Resource Data

Category
indicated
Tonnes
10644000
Grade
7.76
Grade Unit
%
Cutoff Grade
100
Cutoff Unit
g/t AgEq

Prior Estimate

Resource Date
2026-06-21

Metal Equivalent

Assumptions Disclosed
Yes

Location

Latitude
61.55
Longitude
-124.8
Loc. Confidence
medium
Loc. Source
document

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-17T00:00:00.000Z

Reasoning: The Indicated resource for zinc provides a substantial base for economic studies with good confidence.

Positive factors

  • Significant tonnage in Indicated category
  • Good zinc grade
  • NI 43-101 compliant and QP signed

Evidence · table

“7.76”

Context: 10.644

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

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

Resource Updateneutral

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

Why it applies: the release compares against a previous estimate

PEA-Supportingneutral

Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

inferredPC Silver Mine · silverTonnes: 8469000Grade: 492Grade Unit: g/tView all details
Link to this fact

Identity

Project
PC Silver Mine
Commodity
silver
Region
canada
Reported Region
Northwest Territories, Canada
Ticker
TUF

Resource scope

Estimate type
resource
Effective date
2026-06-21T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Greg Mosher, P.Geo.
Resource group id
resource:ab715e0201533f0db0a0
Mining method
underground
Ownership percent
100 %

Resource Data

Category
inferred
Tonnes
8469000
Grade
492
Grade Unit
g/t
Cutoff Grade
100
Cutoff Unit
g/t AgEq

Prior Estimate

Resource Date
2026-06-21

Metal Equivalent

Metal Eq. Grade
492
Metal Eq. Unit
g/t AgEq
Assumptions Disclosed
Yes

Location

Latitude
61.55
Longitude
-124.8
Loc. Confidence
medium
Loc. Source
document

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-17T00:00:00.000Z

Reasoning: The Inferred resource for silver equivalent adds significant potential tonnage but carries lower geological confidence.

Positive factors

  • Large tonnage in Inferred category
  • Good silver equivalent grade
  • NI 43-101 compliant and QP signed

Negative factors

  • Inferred resource is speculative and cannot support economic studies alone

Evidence · table

“492”

Context: 8.469

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

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

Resource Updateneutral

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

Why it applies: the release compares against a previous estimate

PEA-Supportingneutral

Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

inferredPC Silver Mine · silverTonnes: 8469000Grade: 130Grade Unit: g/tView all details
Link to this fact

Identity

Project
PC Silver Mine
Commodity
silver
Region
canada
Reported Region
Northwest Territories, Canada
Ticker
TUF

Resource scope

Estimate type
resource
Effective date
2026-06-21T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Greg Mosher, P.Geo.
Resource group id
resource:ab715e0201533f0db0a0
Mining method
underground
Ownership percent
100 %

Resource Data

Category
inferred
Tonnes
8469000
Grade
130
Grade Unit
g/t
Cutoff Grade
100
Cutoff Unit
g/t AgEq

Prior Estimate

Resource Date
2026-06-21

Metal Equivalent

Assumptions Disclosed
Yes

Location

Latitude
61.55
Longitude
-124.8
Loc. Confidence
medium
Loc. Source
document

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-17T00:00:00.000Z

Reasoning: The Inferred resource for silver adds significant potential tonnage but carries lower geological confidence.

Positive factors

  • Large tonnage in Inferred category
  • Good silver grade
  • NI 43-101 compliant and QP signed

Negative factors

  • Inferred resource is speculative and cannot support economic studies alone

Evidence · table

“130”

Context: 8.469

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

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

Resource Updateneutral

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

Why it applies: the release compares against a previous estimate

PEA-Supportingneutral

Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

inferredPC Silver Mine · copperTonnes: 8469000Grade: 0.33Grade Unit: %View all details
Link to this fact

Identity

Project
PC Silver Mine
Commodity
copper
Region
canada
Reported Region
Northwest Territories, Canada
Ticker
TUF

Resource scope

Estimate type
resource
Effective date
2026-06-21T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Greg Mosher, P.Geo.
Resource group id
resource:ab715e0201533f0db0a0
Mining method
underground
Ownership percent
100 %

Resource Data

Category
inferred
Tonnes
8469000
Grade
0.33
Grade Unit
%
Cutoff Grade
100
Cutoff Unit
g/t AgEq

Prior Estimate

Resource Date
2026-06-21

Metal Equivalent

Assumptions Disclosed
Yes

Location

Latitude
61.55
Longitude
-124.8
Loc. Confidence
medium
Loc. Source
document

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-17T00:00:00.000Z

Reasoning: Copper contributes to the overall value of the Inferred resource as a byproduct, but with lower confidence.

Positive factors

  • Copper as a byproduct in Inferred resource
  • NI 43-101 compliant and QP signed

Negative factors

  • Inferred resource is speculative and cannot support economic studies alone

Evidence · table

“0.33”

Context: 8.469

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

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

Resource Updateneutral

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

Why it applies: the release compares against a previous estimate

PEA-Supportingneutral

Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

inferredPC Silver Mine · leadTonnes: 8469000Grade: 6.13Grade Unit: %View all details
Link to this fact

Identity

Project
PC Silver Mine
Commodity
lead
Region
canada
Reported Region
Northwest Territories, Canada
Ticker
TUF

Resource scope

Estimate type
resource
Effective date
2026-06-21T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Greg Mosher, P.Geo.
Resource group id
resource:ab715e0201533f0db0a0
Mining method
underground
Ownership percent
100 %

Resource Data

Category
inferred
Tonnes
8469000
Grade
6.13
Grade Unit
%
Cutoff Grade
100
Cutoff Unit
g/t AgEq

Prior Estimate

Resource Date
2026-06-21

Metal Equivalent

Assumptions Disclosed
Yes

Location

Latitude
61.55
Longitude
-124.8
Loc. Confidence
medium
Loc. Source
document

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-17T00:00:00.000Z

Reasoning: The Inferred resource for lead adds significant potential tonnage but carries lower geological confidence.

Positive factors

  • Large tonnage in Inferred category
  • Good lead grade
  • NI 43-101 compliant and QP signed

Negative factors

  • Inferred resource is speculative and cannot support economic studies alone

Evidence · table

“6.13”

Context: 8.469

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

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

Resource Updateneutral

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

Why it applies: the release compares against a previous estimate

PEA-Supportingneutral

Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

inferredPC Silver Mine · antimonyTonnes: 8469000Grade: 1617Grade Unit: ppmView all details
Link to this fact

Identity

Project
PC Silver Mine
Commodity
antimony
Region
canada
Reported Region
Northwest Territories, Canada
Ticker
TUF

Resource scope

Estimate type
resource
Effective date
2026-06-21T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Greg Mosher, P.Geo.
Resource group id
resource:ab715e0201533f0db0a0
Mining method
underground
Ownership percent
100 %

Resource Data

Category
inferred
Tonnes
8469000
Grade
1617
Grade Unit
ppm
Cutoff Grade
100
Cutoff Unit
g/t AgEq

Prior Estimate

Resource Date
2026-06-21

Metal Equivalent

Assumptions Disclosed
Yes

Location

Latitude
61.55
Longitude
-124.8
Loc. Confidence
medium
Loc. Source
document

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-17T00:00:00.000Z

Reasoning: Antimony contributes to the overall value of the Inferred resource as a critical mineral, but with lower confidence.

Positive factors

  • Antimony as a critical mineral in Inferred resource
  • NI 43-101 compliant and QP signed

Negative factors

  • Inferred resource is speculative and cannot support economic studies alone

Evidence · table

“1,617”

Context: 8.469

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

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

Resource Updateneutral

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

Why it applies: the release compares against a previous estimate

PEA-Supportingneutral

Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

inferredPC Silver Mine · zincTonnes: 8469000Grade: 11.03Grade Unit: %View all details
Link to this fact

Identity

Project
PC Silver Mine
Commodity
zinc
Region
canada
Reported Region
Northwest Territories, Canada
Ticker
TUF

Resource scope

Estimate type
resource
Effective date
2026-06-21T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Greg Mosher, P.Geo.
Resource group id
resource:ab715e0201533f0db0a0
Mining method
underground
Ownership percent
100 %

Resource Data

Category
inferred
Tonnes
8469000
Grade
11.03
Grade Unit
%
Cutoff Grade
100
Cutoff Unit
g/t AgEq

Prior Estimate

Resource Date
2026-06-21

Metal Equivalent

Assumptions Disclosed
Yes

Location

Latitude
61.55
Longitude
-124.8
Loc. Confidence
medium
Loc. Source
document

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-17T00:00:00.000Z

Reasoning: The Inferred resource for zinc adds significant potential tonnage but carries lower geological confidence.

Positive factors

  • Large tonnage in Inferred category
  • Good zinc grade
  • NI 43-101 compliant and QP signed

Negative factors

  • Inferred resource is speculative and cannot support economic studies alone

Evidence · table

“11.03”

Context: 8.469

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

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

Resource Updateneutral

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

Why it applies: the release compares against a previous estimate

PEA-Supportingneutral

Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

measuredPC Silver Mine · silverTonnes: 984000Grade: 194Grade Unit: g/tView all details
Link to this fact

Identity

Project
PC Silver Mine
Commodity
silver
Region
canada
Reported Region
Northwest Territories, Canada
Ticker
TUF

Resource scope

Estimate type
resource
Effective date
2026-08-31T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Greg Mosher, P.Geo.
Resource group id
resource:3d0661c8a10b54af7b43
Mining method
underground
Ownership percent
100 %

Resource Data

Category
measured
Tonnes
984000
Grade
194
Grade Unit
g/t
Cutoff Grade
100
Cutoff Unit
g/t AgEq

Prior Estimate

Resource Date
2026-06-21

Metal Equivalent

Metal Eq. Grade
663
Metal Eq. Unit
g/t AgEq
Assumptions Disclosed
Yes

Location

Latitude
61.55
Longitude
-124.8
Loc. Confidence
medium
Loc. Source
document

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-17T00:00:00.000Z

Reasoning: The Measured resource for silver equivalent shows a high grade, contributing to the overall positive economics of the project. (Expanded from multi-commodity resource table for completeness.)

Positive factors

  • High-grade silver equivalent
  • Highest confidence resource category (Measured)
  • NI 43-101 compliant and QP signed

Evidence · table

“194”

Context: 0.984

Tags used in scoring

Measured Resourcepositive

Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.

Why it applies: category is "measured"

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

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

Resource Updateneutral

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

Why it applies: the release compares against a previous estimate

PEA-Supportingneutral

Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

measuredPC Silver Mine · copperTonnes: 984000Grade: 0.37Grade Unit: %View all details
Link to this fact

Identity

Project
PC Silver Mine
Commodity
copper
Region
canada
Reported Region
Northwest Territories, Canada
Ticker
TUF

Resource scope

Estimate type
resource
Effective date
2026-08-31T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Greg Mosher, P.Geo.
Resource group id
resource:3d0661c8a10b54af7b43
Mining method
underground
Ownership percent
100 %

Resource Data

Category
measured
Tonnes
984000
Grade
0.37
Grade Unit
%
Cutoff Grade
100
Cutoff Unit
g/t AgEq

Prior Estimate

Resource Date
2026-06-21

Metal Equivalent

Metal Eq. Grade
663
Metal Eq. Unit
g/t AgEq
Assumptions Disclosed
Yes

Location

Latitude
61.55
Longitude
-124.8
Loc. Confidence
medium
Loc. Source
document

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-17T00:00:00.000Z

Reasoning: The Measured resource for silver equivalent shows a high grade, contributing to the overall positive economics of the project. (Expanded from multi-commodity resource table for completeness.)

Positive factors

  • High-grade silver equivalent
  • Highest confidence resource category (Measured)
  • NI 43-101 compliant and QP signed

Evidence · table

“0.37”

Context: 0.984

Tags used in scoring

Measured Resourcepositive

Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.

Why it applies: category is "measured"

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

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

Resource Updateneutral

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

Why it applies: the release compares against a previous estimate

PEA-Supportingneutral

Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

measuredPC Silver Mine · leadTonnes: 984000Grade: 10.49Grade Unit: %View all details
Link to this fact

Identity

Project
PC Silver Mine
Commodity
lead
Region
canada
Reported Region
Northwest Territories, Canada
Ticker
TUF

Resource scope

Estimate type
resource
Effective date
2026-08-31T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Greg Mosher, P.Geo.
Resource group id
resource:3d0661c8a10b54af7b43
Mining method
underground
Ownership percent
100 %

Resource Data

Category
measured
Tonnes
984000
Grade
10.49
Grade Unit
%
Cutoff Grade
100
Cutoff Unit
g/t AgEq

Prior Estimate

Resource Date
2026-06-21

Metal Equivalent

Metal Eq. Grade
663
Metal Eq. Unit
g/t AgEq
Assumptions Disclosed
Yes

Location

Latitude
61.55
Longitude
-124.8
Loc. Confidence
medium
Loc. Source
document

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-17T00:00:00.000Z

Reasoning: The Measured resource for silver equivalent shows a high grade, contributing to the overall positive economics of the project. (Expanded from multi-commodity resource table for completeness.)

Positive factors

  • High-grade silver equivalent
  • Highest confidence resource category (Measured)
  • NI 43-101 compliant and QP signed

Evidence · table

“10.49”

Context: 0.984

Tags used in scoring

Measured Resourcepositive

Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.

Why it applies: category is "measured"

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

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

Resource Updateneutral

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

Why it applies: the release compares against a previous estimate

PEA-Supportingneutral

Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

measuredPC Silver Mine · zincTonnes: 984000Grade: 12.56Grade Unit: %View all details
Link to this fact

Identity

Project
PC Silver Mine
Commodity
zinc
Region
canada
Reported Region
Northwest Territories, Canada
Ticker
TUF

Resource scope

Estimate type
resource
Effective date
2026-08-31T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Greg Mosher, P.Geo.
Resource group id
resource:3d0661c8a10b54af7b43
Mining method
underground
Ownership percent
100 %

Resource Data

Category
measured
Tonnes
984000
Grade
12.56
Grade Unit
%
Cutoff Grade
100
Cutoff Unit
g/t AgEq

Prior Estimate

Resource Date
2026-06-21

Metal Equivalent

Metal Eq. Grade
663
Metal Eq. Unit
g/t AgEq
Assumptions Disclosed
Yes

Location

Latitude
61.55
Longitude
-124.8
Loc. Confidence
medium
Loc. Source
document

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-17T00:00:00.000Z

Reasoning: The Measured resource for silver equivalent shows a high grade, contributing to the overall positive economics of the project. (Expanded from multi-commodity resource table for completeness.)

Positive factors

  • High-grade silver equivalent
  • Highest confidence resource category (Measured)
  • NI 43-101 compliant and QP signed

Evidence · table

“12.56”

Context: 0.984

Tags used in scoring

Measured Resourcepositive

Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.

Why it applies: category is "measured"

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

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

Resource Updateneutral

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

Why it applies: the release compares against a previous estimate

PEA-Supportingneutral

Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

indicatedPC Silver Mine · silverTonnes: 10644000Grade: 108Grade Unit: g/tView all details
Link to this fact

Identity

Project
PC Silver Mine
Commodity
silver
Region
canada
Reported Region
Northwest Territories, Canada
Ticker
TUF

Resource scope

Estimate type
resource
Effective date
2026-08-31T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Greg Mosher, P.Geo.
Resource group id
resource:5f57b49701f967b7a6a7
Mining method
underground
Ownership percent
100 %

Resource Data

Category
indicated
Tonnes
10644000
Grade
108
Grade Unit
g/t
Cutoff Grade
100
Cutoff Unit
g/t AgEq

Prior Estimate

Resource Date
2026-06-21

Metal Equivalent

Metal Eq. Grade
402
Metal Eq. Unit
g/t AgEq
Assumptions Disclosed
Yes

Location

Latitude
61.55
Longitude
-124.8
Loc. Confidence
medium
Loc. Source
document

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-17T00:00:00.000Z

Reasoning: The Indicated resource for silver equivalent provides a substantial base for economic studies with good confidence. (Expanded from multi-commodity resource table for completeness.)

Positive factors

  • Significant tonnage in Indicated category
  • Good silver equivalent grade
  • NI 43-101 compliant and QP signed

Evidence · table

“108”

Context: 10.644

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

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

Resource Updateneutral

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

Why it applies: the release compares against a previous estimate

PEA-Supportingneutral

Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

indicatedPC Silver Mine · copperTonnes: 10644000Grade: 0.21Grade Unit: %View all details
Link to this fact

Identity

Project
PC Silver Mine
Commodity
copper
Region
canada
Reported Region
Northwest Territories, Canada
Ticker
TUF

Resource scope

Estimate type
resource
Effective date
2026-08-31T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Greg Mosher, P.Geo.
Resource group id
resource:5f57b49701f967b7a6a7
Mining method
underground
Ownership percent
100 %

Resource Data

Category
indicated
Tonnes
10644000
Grade
0.21
Grade Unit
%
Cutoff Grade
100
Cutoff Unit
g/t AgEq

Prior Estimate

Resource Date
2026-06-21

Metal Equivalent

Metal Eq. Grade
402
Metal Eq. Unit
g/t AgEq
Assumptions Disclosed
Yes

Location

Latitude
61.55
Longitude
-124.8
Loc. Confidence
medium
Loc. Source
document

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-17T00:00:00.000Z

Reasoning: The Indicated resource for silver equivalent provides a substantial base for economic studies with good confidence. (Expanded from multi-commodity resource table for completeness.)

Positive factors

  • Significant tonnage in Indicated category
  • Good silver equivalent grade
  • NI 43-101 compliant and QP signed

Evidence · table

“0.21”

Context: 10.644

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

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

Resource Updateneutral

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

Why it applies: the release compares against a previous estimate

PEA-Supportingneutral

Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

indicatedPC Silver Mine · leadTonnes: 10644000Grade: 6.88Grade Unit: %View all details
Link to this fact

Identity

Project
PC Silver Mine
Commodity
lead
Region
canada
Reported Region
Northwest Territories, Canada
Ticker
TUF

Resource scope

Estimate type
resource
Effective date
2026-08-31T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Greg Mosher, P.Geo.
Resource group id
resource:5f57b49701f967b7a6a7
Mining method
underground
Ownership percent
100 %

Resource Data

Category
indicated
Tonnes
10644000
Grade
6.88
Grade Unit
%
Cutoff Grade
100
Cutoff Unit
g/t AgEq

Prior Estimate

Resource Date
2026-06-21

Metal Equivalent

Metal Eq. Grade
402
Metal Eq. Unit
g/t AgEq
Assumptions Disclosed
Yes

Location

Latitude
61.55
Longitude
-124.8
Loc. Confidence
medium
Loc. Source
document

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-17T00:00:00.000Z

Reasoning: The Indicated resource for silver equivalent provides a substantial base for economic studies with good confidence. (Expanded from multi-commodity resource table for completeness.)

Positive factors

  • Significant tonnage in Indicated category
  • Good silver equivalent grade
  • NI 43-101 compliant and QP signed

Evidence · table

“6.88”

Context: 10.644

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

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

Resource Updateneutral

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

Why it applies: the release compares against a previous estimate

PEA-Supportingneutral

Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

indicatedPC Silver Mine · zincTonnes: 10644000Grade: 7.76Grade Unit: %View all details
Link to this fact

Identity

Project
PC Silver Mine
Commodity
zinc
Region
canada
Reported Region
Northwest Territories, Canada
Ticker
TUF

Resource scope

Estimate type
resource
Effective date
2026-08-31T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Greg Mosher, P.Geo.
Resource group id
resource:5f57b49701f967b7a6a7
Mining method
underground
Ownership percent
100 %

Resource Data

Category
indicated
Tonnes
10644000
Grade
7.76
Grade Unit
%
Cutoff Grade
100
Cutoff Unit
g/t AgEq

Prior Estimate

Resource Date
2026-06-21

Metal Equivalent

Metal Eq. Grade
402
Metal Eq. Unit
g/t AgEq
Assumptions Disclosed
Yes

Location

Latitude
61.55
Longitude
-124.8
Loc. Confidence
medium
Loc. Source
document

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-17T00:00:00.000Z

Reasoning: The Indicated resource for silver equivalent provides a substantial base for economic studies with good confidence. (Expanded from multi-commodity resource table for completeness.)

Positive factors

  • Significant tonnage in Indicated category
  • Good silver equivalent grade
  • NI 43-101 compliant and QP signed

Evidence · table

“7.76”

Context: 10.644

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

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

Resource Updateneutral

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

Why it applies: the release compares against a previous estimate

PEA-Supportingneutral

Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

indicatedPC Silver Mine · silverTonnes: 11628000Grade: 115Grade Unit: g/tView all details
Link to this fact

Identity

Project
PC Silver Mine
Commodity
silver
Region
canada
Reported Region
Northwest Territories, Canada
Ticker
TUF

Resource scope

Estimate type
resource
Effective date
2026-08-31T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Greg Mosher, P.Geo.
Resource group id
resource:1779b3de33939b372558
Mining method
underground
Ownership percent
100 %

Resource Data

Category
indicated
Tonnes
11628000
Grade
115
Grade Unit
g/t
Cutoff Grade
100
Cutoff Unit
g/t AgEq

Prior Estimate

Resource Date
2026-06-21

Metal Equivalent

Metal Eq. Grade
424
Metal Eq. Unit
g/t AgEq
Assumptions Disclosed
Yes

Location

Latitude
61.55
Longitude
-124.8
Loc. Confidence
medium
Loc. Source
document

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-17T00:00:00.000Z

Reasoning: The Indicated resource for silver equivalent provides a substantial base for economic studies with good confidence. (Expanded from multi-commodity resource table for completeness.)

Positive factors

  • Significant tonnage in Indicated category
  • Good silver equivalent grade
  • NI 43-101 compliant and QP signed

Evidence · table

“115”

Context: 11.628

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

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

Resource Updateneutral

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

Why it applies: the release compares against a previous estimate

PEA-Supportingneutral

Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

indicatedPC Silver Mine · copperTonnes: 11628000Grade: 0.23Grade Unit: %View all details
Link to this fact

Identity

Project
PC Silver Mine
Commodity
copper
Region
canada
Reported Region
Northwest Territories, Canada
Ticker
TUF

Resource scope

Estimate type
resource
Effective date
2026-08-31T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Greg Mosher, P.Geo.
Resource group id
resource:1779b3de33939b372558
Mining method
underground
Ownership percent
100 %

Resource Data

Category
indicated
Tonnes
11628000
Grade
0.23
Grade Unit
%
Cutoff Grade
100
Cutoff Unit
g/t AgEq

Prior Estimate

Resource Date
2026-06-21

Metal Equivalent

Metal Eq. Grade
424
Metal Eq. Unit
g/t AgEq
Assumptions Disclosed
Yes

Location

Latitude
61.55
Longitude
-124.8
Loc. Confidence
medium
Loc. Source
document

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-17T00:00:00.000Z

Reasoning: The Indicated resource for silver equivalent provides a substantial base for economic studies with good confidence. (Expanded from multi-commodity resource table for completeness.)

Positive factors

  • Significant tonnage in Indicated category
  • Good silver equivalent grade
  • NI 43-101 compliant and QP signed

Evidence · table

“0.23”

Context: 11.628

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

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

Resource Updateneutral

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

Why it applies: the release compares against a previous estimate

PEA-Supportingneutral

Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

indicatedPC Silver Mine · leadTonnes: 11628000Grade: 7.19Grade Unit: %View all details
Link to this fact

Identity

Project
PC Silver Mine
Commodity
lead
Region
canada
Reported Region
Northwest Territories, Canada
Ticker
TUF

Resource scope

Estimate type
resource
Effective date
2026-08-31T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Greg Mosher, P.Geo.
Resource group id
resource:1779b3de33939b372558
Mining method
underground
Ownership percent
100 %

Resource Data

Category
indicated
Tonnes
11628000
Grade
7.19
Grade Unit
%
Cutoff Grade
100
Cutoff Unit
g/t AgEq

Prior Estimate

Resource Date
2026-06-21

Metal Equivalent

Metal Eq. Grade
424
Metal Eq. Unit
g/t AgEq
Assumptions Disclosed
Yes

Location

Latitude
61.55
Longitude
-124.8
Loc. Confidence
medium
Loc. Source
document

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-17T00:00:00.000Z

Reasoning: The Indicated resource for silver equivalent provides a substantial base for economic studies with good confidence. (Expanded from multi-commodity resource table for completeness.)

Positive factors

  • Significant tonnage in Indicated category
  • Good silver equivalent grade
  • NI 43-101 compliant and QP signed

Evidence · table

“7.19”

Context: 11.628

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

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

Resource Updateneutral

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

Why it applies: the release compares against a previous estimate

PEA-Supportingneutral

Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

indicatedPC Silver Mine · zincTonnes: 11628000Grade: 8.16Grade Unit: %View all details
Link to this fact

Identity

Project
PC Silver Mine
Commodity
zinc
Region
canada
Reported Region
Northwest Territories, Canada
Ticker
TUF

Resource scope

Estimate type
resource
Effective date
2026-08-31T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Greg Mosher, P.Geo.
Resource group id
resource:1779b3de33939b372558
Mining method
underground
Ownership percent
100 %

Resource Data

Category
indicated
Tonnes
11628000
Grade
8.16
Grade Unit
%
Cutoff Grade
100
Cutoff Unit
g/t AgEq

Prior Estimate

Resource Date
2026-06-21

Metal Equivalent

Metal Eq. Grade
424
Metal Eq. Unit
g/t AgEq
Assumptions Disclosed
Yes

Location

Latitude
61.55
Longitude
-124.8
Loc. Confidence
medium
Loc. Source
document

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-17T00:00:00.000Z

Reasoning: The Indicated resource for silver equivalent provides a substantial base for economic studies with good confidence. (Expanded from multi-commodity resource table for completeness.)

Positive factors

  • Significant tonnage in Indicated category
  • Good silver equivalent grade
  • NI 43-101 compliant and QP signed

Evidence · table

“8.16”

Context: 11.628

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

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

Resource Updateneutral

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

Why it applies: the release compares against a previous estimate

PEA-Supportingneutral

Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

inferredPC Silver Mine · silverTonnes: 8469000Grade: 130Grade Unit: g/tView all details
Link to this fact

Identity

Project
PC Silver Mine
Commodity
silver
Region
canada
Reported Region
Northwest Territories, Canada
Ticker
TUF

Resource scope

Estimate type
resource
Effective date
2026-08-31T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Greg Mosher, P.Geo.
Resource group id
resource:148ef3845ca516b17711
Mining method
underground
Ownership percent
100 %

Resource Data

Category
inferred
Tonnes
8469000
Grade
130
Grade Unit
g/t
Cutoff Grade
100
Cutoff Unit
g/t AgEq

Prior Estimate

Resource Date
2026-06-21

Metal Equivalent

Metal Eq. Grade
492
Metal Eq. Unit
g/t AgEq
Assumptions Disclosed
Yes

Location

Latitude
61.55
Longitude
-124.8
Loc. Confidence
medium
Loc. Source
document

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-17T00:00:00.000Z

Reasoning: The Inferred resource for silver equivalent adds significant potential tonnage but carries lower geological confidence. (Expanded from multi-commodity resource table for completeness.)

Positive factors

  • Large tonnage in Inferred category
  • Good silver equivalent grade
  • NI 43-101 compliant and QP signed

Negative factors

  • Inferred resource is speculative and cannot support economic studies alone

Evidence · table

“130”

Context: 8.469

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

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

Resource Updateneutral

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

Why it applies: the release compares against a previous estimate

PEA-Supportingneutral

Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

inferredPC Silver Mine · copperTonnes: 8469000Grade: 0.33Grade Unit: %View all details
Link to this fact

Identity

Project
PC Silver Mine
Commodity
copper
Region
canada
Reported Region
Northwest Territories, Canada
Ticker
TUF

Resource scope

Estimate type
resource
Effective date
2026-08-31T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Greg Mosher, P.Geo.
Resource group id
resource:148ef3845ca516b17711
Mining method
underground
Ownership percent
100 %

Resource Data

Category
inferred
Tonnes
8469000
Grade
0.33
Grade Unit
%
Cutoff Grade
100
Cutoff Unit
g/t AgEq

Prior Estimate

Resource Date
2026-06-21

Metal Equivalent

Metal Eq. Grade
492
Metal Eq. Unit
g/t AgEq
Assumptions Disclosed
Yes

Location

Latitude
61.55
Longitude
-124.8
Loc. Confidence
medium
Loc. Source
document

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-17T00:00:00.000Z

Reasoning: The Inferred resource for silver equivalent adds significant potential tonnage but carries lower geological confidence. (Expanded from multi-commodity resource table for completeness.)

Positive factors

  • Large tonnage in Inferred category
  • Good silver equivalent grade
  • NI 43-101 compliant and QP signed

Negative factors

  • Inferred resource is speculative and cannot support economic studies alone

Evidence · table

“0.33”

Context: 8.469

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

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

Resource Updateneutral

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

Why it applies: the release compares against a previous estimate

PEA-Supportingneutral

Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

inferredPC Silver Mine · leadTonnes: 8469000Grade: 6.13Grade Unit: %View all details
Link to this fact

Identity

Project
PC Silver Mine
Commodity
lead
Region
canada
Reported Region
Northwest Territories, Canada
Ticker
TUF

Resource scope

Estimate type
resource
Effective date
2026-08-31T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Greg Mosher, P.Geo.
Resource group id
resource:148ef3845ca516b17711
Mining method
underground
Ownership percent
100 %

Resource Data

Category
inferred
Tonnes
8469000
Grade
6.13
Grade Unit
%
Cutoff Grade
100
Cutoff Unit
g/t AgEq

Prior Estimate

Resource Date
2026-06-21

Metal Equivalent

Metal Eq. Grade
492
Metal Eq. Unit
g/t AgEq
Assumptions Disclosed
Yes

Location

Latitude
61.55
Longitude
-124.8
Loc. Confidence
medium
Loc. Source
document

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-17T00:00:00.000Z

Reasoning: The Inferred resource for silver equivalent adds significant potential tonnage but carries lower geological confidence. (Expanded from multi-commodity resource table for completeness.)

Positive factors

  • Large tonnage in Inferred category
  • Good silver equivalent grade
  • NI 43-101 compliant and QP signed

Negative factors

  • Inferred resource is speculative and cannot support economic studies alone

Evidence · table

“6.13”

Context: 8.469

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

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

Resource Updateneutral

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

Why it applies: the release compares against a previous estimate

PEA-Supportingneutral

Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

inferredPC Silver Mine · zincTonnes: 8469000Grade: 11.03Grade Unit: %View all details
Link to this fact

Identity

Project
PC Silver Mine
Commodity
zinc
Region
canada
Reported Region
Northwest Territories, Canada
Ticker
TUF

Resource scope

Estimate type
resource
Effective date
2026-08-31T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Greg Mosher, P.Geo.
Resource group id
resource:148ef3845ca516b17711
Mining method
underground
Ownership percent
100 %

Resource Data

Category
inferred
Tonnes
8469000
Grade
11.03
Grade Unit
%
Cutoff Grade
100
Cutoff Unit
g/t AgEq

Prior Estimate

Resource Date
2026-06-21

Metal Equivalent

Metal Eq. Grade
492
Metal Eq. Unit
g/t AgEq
Assumptions Disclosed
Yes

Location

Latitude
61.55
Longitude
-124.8
Loc. Confidence
medium
Loc. Source
document

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-17T00:00:00.000Z

Reasoning: The Inferred resource for silver equivalent adds significant potential tonnage but carries lower geological confidence. (Expanded from multi-commodity resource table for completeness.)

Positive factors

  • Large tonnage in Inferred category
  • Good silver equivalent grade
  • NI 43-101 compliant and QP signed

Negative factors

  • Inferred resource is speculative and cannot support economic studies alone

Evidence · table

“11.03”

Context: 8.469

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

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

Resource Updateneutral

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

Why it applies: the release compares against a previous estimate

PEA-Supportingneutral

Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

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.