# HONEY BADGER SILVER ANNOUNCES POSITIVE PRELIMINARY ECONOMIC ASSESSMENT FORTHE PC SILVER MINE; SEES SIGNIFICANT SILVER PLUS CRITICAL MINERALS PRODUCTION Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/honey-badger-silver-announces-positive-preliminary-economic-assessment-forthe-pc--58bb04ef-07a7-430c-bb0c-5ba937deda49 Original source: https://honeybadgersilver.com/honey-badger-silver-announces-positive-preliminary-economic-assessment-forthe-pc-silver-mine-sees-significant-silver-plus-critical-minerals-production/ Publisher: prospectors\_exchange Original announcement: 2026-09-17T00:00:00.000Z Analysis by Minestarters Atlas Atlas analysis published: 2026-09-18T12:51:43.388Z Atlas analysis updated: 2026-09-18T12:51:43.388Z - 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 Narrative sentiment: 0.90 · Bullish ## Minestarters Atlas 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 factor: Strong economics demonstrated by PEA \(high NPV, IRR, negative AISC\) - Positive factor: Long mine life of 22 years - Positive factor: Large Measured & Indicated resource base \(11.63 Mt\) - Positive factor: NI 43-101 compliant Mineral Resource Estimate - Positive factor: Qualified Person \(QP\) sign-off for MRE and PEA - Positive factor: Existing infrastructure reduces capital risk - Positive factor: Potential for additional critical minerals \(germanium, tungsten\) not yet included in PEA - Negative factor: Preliminary Economic Assessment \(PEA\) is preliminary in nature - Negative factor: 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 Resource** Polarity: positive Definition: 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 Resource** Polarity: positive Definition: 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 Resource** Polarity: negative Definition: 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 Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: 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 Compliant** Polarity: positive Definition: 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 Disclosed** Polarity: positive Definition: 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 Update** Polarity: neutral Definition: 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-Supporting** Polarity: neutral Definition: 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 Present** Polarity: negative Story-specific tag Definition: 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) ### measured [Link to this fact](https://atlas-staging.minestarters.com/news/honey-badger-silver-announces-positive-preliminary-economic-assessment-forthe-pc--58bb04ef-07a7-430c-bb0c-5ba937deda49#fact-resource-facts-0) PC Silver Mine · silver #### 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 factor: High-grade silver equivalent - Positive factor: Highest confidence resource category \(Measured\) - Positive factor: NI 43-101 compliant and QP signed Evidence · table > 663 Context: 0.984 #### Tags used in scoring **Measured Resource** Polarity: positive Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves. Why it applies: category is "measured" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: 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 ### measured [Link to this fact](https://atlas-staging.minestarters.com/news/honey-badger-silver-announces-positive-preliminary-economic-assessment-forthe-pc--58bb04ef-07a7-430c-bb0c-5ba937deda49#fact-resource-facts-1) PC Silver Mine · silver #### 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 factor: High-grade silver - Positive factor: Highest confidence resource category \(Measured\) - Positive factor: NI 43-101 compliant and QP signed Evidence · table > 194 Context: 0.984 #### Tags used in scoring **Measured Resource** Polarity: positive Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves. Why it applies: category is "measured" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: 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 ### measured [Link to this fact](https://atlas-staging.minestarters.com/news/honey-badger-silver-announces-positive-preliminary-economic-assessment-forthe-pc--58bb04ef-07a7-430c-bb0c-5ba937deda49#fact-resource-facts-2) PC Silver Mine · copper #### 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 factor: Copper as a byproduct in Measured resource - Positive factor: NI 43-101 compliant and QP signed Evidence · table > 0.37 Context: 0.984 #### Tags used in scoring **Measured Resource** Polarity: positive Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves. Why it applies: category is "measured" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: 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 ### measured [Link to this fact](https://atlas-staging.minestarters.com/news/honey-badger-silver-announces-positive-preliminary-economic-assessment-forthe-pc--58bb04ef-07a7-430c-bb0c-5ba937deda49#fact-resource-facts-3) PC Silver Mine · lead #### 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 factor: High-grade lead in Measured resource - Positive factor: NI 43-101 compliant and QP signed Evidence · table > 10.49 Context: 0.984 #### Tags used in scoring **Measured Resource** Polarity: positive Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves. Why it applies: category is "measured" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: 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 ### measured [Link to this fact](https://atlas-staging.minestarters.com/news/honey-badger-silver-announces-positive-preliminary-economic-assessment-forthe-pc--58bb04ef-07a7-430c-bb0c-5ba937deda49#fact-resource-facts-4) PC Silver Mine · antimony #### 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 factor: Antimony as a critical mineral in Measured resource - Positive factor: NI 43-101 compliant and QP signed Evidence · table > 1,021 Context: 0.984 #### Tags used in scoring **Measured Resource** Polarity: positive Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves. Why it applies: category is "measured" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: 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 ### measured [Link to this fact](https://atlas-staging.minestarters.com/news/honey-badger-silver-announces-positive-preliminary-economic-assessment-forthe-pc--58bb04ef-07a7-430c-bb0c-5ba937deda49#fact-resource-facts-5) PC Silver Mine · zinc #### 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 factor: High-grade zinc in Measured resource - Positive factor: NI 43-101 compliant and QP signed Evidence · table > 12.56 Context: 0.984 #### Tags used in scoring **Measured Resource** Polarity: positive Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves. Why it applies: category is "measured" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: 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 ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/honey-badger-silver-announces-positive-preliminary-economic-assessment-forthe-pc--58bb04ef-07a7-430c-bb0c-5ba937deda49#fact-resource-facts-6) PC Silver Mine · silver #### 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 factor: Significant tonnage in Indicated category - Positive factor: Good silver equivalent grade - Positive factor: NI 43-101 compliant and QP signed Evidence · table > 402 Context: 10.644 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: 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 ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/honey-badger-silver-announces-positive-preliminary-economic-assessment-forthe-pc--58bb04ef-07a7-430c-bb0c-5ba937deda49#fact-resource-facts-7) PC Silver Mine · silver #### 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 factor: Significant tonnage in Indicated category - Positive factor: Good silver grade - Positive factor: NI 43-101 compliant and QP signed Evidence · table > 108 Context: 10.644 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: 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 ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/honey-badger-silver-announces-positive-preliminary-economic-assessment-forthe-pc--58bb04ef-07a7-430c-bb0c-5ba937deda49#fact-resource-facts-8) PC Silver Mine · copper #### 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 factor: Copper as a byproduct in Indicated resource - Positive factor: NI 43-101 compliant and QP signed Evidence · table > 0.21 Context: 10.644 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: 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 ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/honey-badger-silver-announces-positive-preliminary-economic-assessment-forthe-pc--58bb04ef-07a7-430c-bb0c-5ba937deda49#fact-resource-facts-9) PC Silver Mine · lead #### 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 factor: Significant tonnage in Indicated category - Positive factor: Good lead grade - Positive factor: NI 43-101 compliant and QP signed Evidence · table > 6.88 Context: 10.644 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: 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 ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/honey-badger-silver-announces-positive-preliminary-economic-assessment-forthe-pc--58bb04ef-07a7-430c-bb0c-5ba937deda49#fact-resource-facts-10) PC Silver Mine · antimony #### 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 factor: Antimony as a critical mineral in Indicated resource - Positive factor: NI 43-101 compliant and QP signed Evidence · table > 955 Context: 10.644 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: 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 ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/honey-badger-silver-announces-positive-preliminary-economic-assessment-forthe-pc--58bb04ef-07a7-430c-bb0c-5ba937deda49#fact-resource-facts-11) PC Silver Mine · zinc #### 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 factor: Significant tonnage in Indicated category - Positive factor: Good zinc grade - Positive factor: NI 43-101 compliant and QP signed Evidence · table > 7.76 Context: 10.644 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: 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 ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/honey-badger-silver-announces-positive-preliminary-economic-assessment-forthe-pc--58bb04ef-07a7-430c-bb0c-5ba937deda49#fact-resource-facts-12) PC Silver Mine · silver #### 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 factor: Large tonnage in Inferred category - Positive factor: Good silver equivalent grade - Positive factor: NI 43-101 compliant and QP signed - Negative factor: Inferred resource is speculative and cannot support economic studies alone Evidence · table > 492 Context: 8.469 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: 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 ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/honey-badger-silver-announces-positive-preliminary-economic-assessment-forthe-pc--58bb04ef-07a7-430c-bb0c-5ba937deda49#fact-resource-facts-13) PC Silver Mine · silver #### 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 factor: Large tonnage in Inferred category - Positive factor: Good silver grade - Positive factor: NI 43-101 compliant and QP signed - Negative factor: Inferred resource is speculative and cannot support economic studies alone Evidence · table > 130 Context: 8.469 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: 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 ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/honey-badger-silver-announces-positive-preliminary-economic-assessment-forthe-pc--58bb04ef-07a7-430c-bb0c-5ba937deda49#fact-resource-facts-14) PC Silver Mine · copper #### 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 factor: Copper as a byproduct in Inferred resource - Positive factor: NI 43-101 compliant and QP signed - Negative factor: Inferred resource is speculative and cannot support economic studies alone Evidence · table > 0.33 Context: 8.469 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: 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 ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/honey-badger-silver-announces-positive-preliminary-economic-assessment-forthe-pc--58bb04ef-07a7-430c-bb0c-5ba937deda49#fact-resource-facts-15) PC Silver Mine · lead #### 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 factor: Large tonnage in Inferred category - Positive factor: Good lead grade - Positive factor: NI 43-101 compliant and QP signed - Negative factor: Inferred resource is speculative and cannot support economic studies alone Evidence · table > 6.13 Context: 8.469 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: 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 ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/honey-badger-silver-announces-positive-preliminary-economic-assessment-forthe-pc--58bb04ef-07a7-430c-bb0c-5ba937deda49#fact-resource-facts-16) PC Silver Mine · antimony #### 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 factor: Antimony as a critical mineral in Inferred resource - Positive factor: NI 43-101 compliant and QP signed - Negative factor: Inferred resource is speculative and cannot support economic studies alone Evidence · table > 1,617 Context: 8.469 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: 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 ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/honey-badger-silver-announces-positive-preliminary-economic-assessment-forthe-pc--58bb04ef-07a7-430c-bb0c-5ba937deda49#fact-resource-facts-17) PC Silver Mine · zinc #### 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 factor: Large tonnage in Inferred category - Positive factor: Good zinc grade - Positive factor: NI 43-101 compliant and QP signed - Negative factor: Inferred resource is speculative and cannot support economic studies alone Evidence · table > 11.03 Context: 8.469 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: 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 ### measured [Link to this fact](https://atlas-staging.minestarters.com/news/honey-badger-silver-announces-positive-preliminary-economic-assessment-forthe-pc--58bb04ef-07a7-430c-bb0c-5ba937deda49#fact-resource-facts-18) PC Silver Mine · silver #### 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 factor: High-grade silver equivalent - Positive factor: Highest confidence resource category \(Measured\) - Positive factor: NI 43-101 compliant and QP signed Evidence · table > 194 Context: 0.984 #### Tags used in scoring **Measured Resource** Polarity: positive Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves. Why it applies: category is "measured" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: 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 ### measured [Link to this fact](https://atlas-staging.minestarters.com/news/honey-badger-silver-announces-positive-preliminary-economic-assessment-forthe-pc--58bb04ef-07a7-430c-bb0c-5ba937deda49#fact-resource-facts-19) PC Silver Mine · copper #### 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 factor: High-grade silver equivalent - Positive factor: Highest confidence resource category \(Measured\) - Positive factor: NI 43-101 compliant and QP signed Evidence · table > 0.37 Context: 0.984 #### Tags used in scoring **Measured Resource** Polarity: positive Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves. Why it applies: category is "measured" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: 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 ### measured [Link to this fact](https://atlas-staging.minestarters.com/news/honey-badger-silver-announces-positive-preliminary-economic-assessment-forthe-pc--58bb04ef-07a7-430c-bb0c-5ba937deda49#fact-resource-facts-20) PC Silver Mine · lead #### 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 factor: High-grade silver equivalent - Positive factor: Highest confidence resource category \(Measured\) - Positive factor: NI 43-101 compliant and QP signed Evidence · table > 10.49 Context: 0.984 #### Tags used in scoring **Measured Resource** Polarity: positive Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves. Why it applies: category is "measured" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: 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 ### measured [Link to this fact](https://atlas-staging.minestarters.com/news/honey-badger-silver-announces-positive-preliminary-economic-assessment-forthe-pc--58bb04ef-07a7-430c-bb0c-5ba937deda49#fact-resource-facts-21) PC Silver Mine · zinc #### 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 factor: High-grade silver equivalent - Positive factor: Highest confidence resource category \(Measured\) - Positive factor: NI 43-101 compliant and QP signed Evidence · table > 12.56 Context: 0.984 #### Tags used in scoring **Measured Resource** Polarity: positive Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves. Why it applies: category is "measured" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: 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 ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/honey-badger-silver-announces-positive-preliminary-economic-assessment-forthe-pc--58bb04ef-07a7-430c-bb0c-5ba937deda49#fact-resource-facts-22) PC Silver Mine · silver #### 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 factor: Significant tonnage in Indicated category - Positive factor: Good silver equivalent grade - Positive factor: NI 43-101 compliant and QP signed Evidence · table > 108 Context: 10.644 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: 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 ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/honey-badger-silver-announces-positive-preliminary-economic-assessment-forthe-pc--58bb04ef-07a7-430c-bb0c-5ba937deda49#fact-resource-facts-23) PC Silver Mine · copper #### 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 factor: Significant tonnage in Indicated category - Positive factor: Good silver equivalent grade - Positive factor: NI 43-101 compliant and QP signed Evidence · table > 0.21 Context: 10.644 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: 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 ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/honey-badger-silver-announces-positive-preliminary-economic-assessment-forthe-pc--58bb04ef-07a7-430c-bb0c-5ba937deda49#fact-resource-facts-24) PC Silver Mine · lead #### 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 factor: Significant tonnage in Indicated category - Positive factor: Good silver equivalent grade - Positive factor: NI 43-101 compliant and QP signed Evidence · table > 6.88 Context: 10.644 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: 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 ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/honey-badger-silver-announces-positive-preliminary-economic-assessment-forthe-pc--58bb04ef-07a7-430c-bb0c-5ba937deda49#fact-resource-facts-25) PC Silver Mine · zinc #### 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 factor: Significant tonnage in Indicated category - Positive factor: Good silver equivalent grade - Positive factor: NI 43-101 compliant and QP signed Evidence · table > 7.76 Context: 10.644 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: 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 ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/honey-badger-silver-announces-positive-preliminary-economic-assessment-forthe-pc--58bb04ef-07a7-430c-bb0c-5ba937deda49#fact-resource-facts-26) PC Silver Mine · silver #### 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 factor: Significant tonnage in Indicated category - Positive factor: Good silver equivalent grade - Positive factor: NI 43-101 compliant and QP signed Evidence · table > 115 Context: 11.628 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: 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 ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/honey-badger-silver-announces-positive-preliminary-economic-assessment-forthe-pc--58bb04ef-07a7-430c-bb0c-5ba937deda49#fact-resource-facts-27) PC Silver Mine · copper #### 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 factor: Significant tonnage in Indicated category - Positive factor: Good silver equivalent grade - Positive factor: NI 43-101 compliant and QP signed Evidence · table > 0.23 Context: 11.628 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: 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 ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/honey-badger-silver-announces-positive-preliminary-economic-assessment-forthe-pc--58bb04ef-07a7-430c-bb0c-5ba937deda49#fact-resource-facts-28) PC Silver Mine · lead #### 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 factor: Significant tonnage in Indicated category - Positive factor: Good silver equivalent grade - Positive factor: NI 43-101 compliant and QP signed Evidence · table > 7.19 Context: 11.628 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: 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 ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/honey-badger-silver-announces-positive-preliminary-economic-assessment-forthe-pc--58bb04ef-07a7-430c-bb0c-5ba937deda49#fact-resource-facts-29) PC Silver Mine · zinc #### 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 factor: Significant tonnage in Indicated category - Positive factor: Good silver equivalent grade - Positive factor: NI 43-101 compliant and QP signed Evidence · table > 8.16 Context: 11.628 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: 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 ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/honey-badger-silver-announces-positive-preliminary-economic-assessment-forthe-pc--58bb04ef-07a7-430c-bb0c-5ba937deda49#fact-resource-facts-30) PC Silver Mine · silver #### 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 factor: Large tonnage in Inferred category - Positive factor: Good silver equivalent grade - Positive factor: NI 43-101 compliant and QP signed - Negative factor: Inferred resource is speculative and cannot support economic studies alone Evidence · table > 130 Context: 8.469 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: 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 ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/honey-badger-silver-announces-positive-preliminary-economic-assessment-forthe-pc--58bb04ef-07a7-430c-bb0c-5ba937deda49#fact-resource-facts-31) PC Silver Mine · copper #### 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 factor: Large tonnage in Inferred category - Positive factor: Good silver equivalent grade - Positive factor: NI 43-101 compliant and QP signed - Negative factor: Inferred resource is speculative and cannot support economic studies alone Evidence · table > 0.33 Context: 8.469 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: 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 ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/honey-badger-silver-announces-positive-preliminary-economic-assessment-forthe-pc--58bb04ef-07a7-430c-bb0c-5ba937deda49#fact-resource-facts-32) PC Silver Mine · lead #### 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 factor: Large tonnage in Inferred category - Positive factor: Good silver equivalent grade - Positive factor: NI 43-101 compliant and QP signed - Negative factor: Inferred resource is speculative and cannot support economic studies alone Evidence · table > 6.13 Context: 8.469 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: 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 ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/honey-badger-silver-announces-positive-preliminary-economic-assessment-forthe-pc--58bb04ef-07a7-430c-bb0c-5ba937deda49#fact-resource-facts-33) PC Silver Mine · zinc #### 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 factor: Large tonnage in Inferred category - Positive factor: Good silver equivalent grade - Positive factor: NI 43-101 compliant and QP signed - Negative factor: Inferred resource is speculative and cannot support economic studies alone Evidence · table > 11.03 Context: 8.469 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: 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.