# OUTCROP SILVER ANNOUNCES UPDATED MINERAL RESOURCE ESTIMATE FOR THE SANTA ANA PRIMARY SILVER PROJECT Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/outcrop-silver-announces-updated-mineral-resource-estimate-for-the-santa-ana-pri--3ec62b98-e0cc-4e10-b147-8d5ff22eb324 Original source: https://money.tmx.com/en/quote/OCG/news/7854077381254175/outcrop-silver-announces-updated-mineral-resource-estimate-for-the-santa-ana-pri Publisher: tmx Original announcement: 2026-09-14T10:45:00.000Z Analysis by Minestarters Atlas Atlas analysis published: 2026-09-16T14:25:30.949Z Atlas analysis updated: 2026-09-16T14:25:30.949Z - Company: Outcrop Silver & Gold Corporation - Ticker: OCG - Exchange: TSX - Region: Colombia - Primary commodity: Silver - Secondary commodities: Gold - Document categories: Resource update - Extracted: 2026-09-16 14:25:31 UTC Narrative sentiment: 0.80 · Bullish ## Minestarters Atlas summary Outcrop Silver & Gold Corporation announced an updated Mineral Resource Estimate for its Santa Ana Primary Silver Project in Colombia. The Updated MRE reports 29.9 million ounces \(Moz\) silver-equivalent \(AgEq\) in the Indicated category at 518.7 g/t AgEq, and 27.9 Moz AgEq in the Inferred category at 368.5 g/t AgEq. This represents a 23.5% increase in Indicated AgEq ounces and a 106.3% increase in Inferred AgEq ounces compared to the maiden MRE, with the estimate applying a more rigorous classification standard. Reasoning: The updated Mineral Resource Estimate for the Santa Ana project demonstrates substantial growth in contained silver equivalent ounces, particularly in the Inferred category, while maintaining very high average grades relative to global epithermal silver deposits. The application of a more rigorous classification standard and clear economic assumptions enhance the credibility and future potential of the project. - Positive factor: Significant increase in contained silver equivalent ounces in both Indicated \(+23.5%\) and Inferred \(+106.3%\) categories, demonstrating substantial resource growth. - Positive factor: High average silver equivalent grades \(518.7 g/t AgEq Indicated, 368.5 g/t AgEq Inferred\) and high average silver grades \(376.4 g/t Ag Indicated, 266.4 g/t Ag Inferred\) compared to global epithermal silver deposits. - Positive factor: Application of a more rigorous classification standard, including RPEEE and MSO, enhances the confidence and quality of the resource estimate. - Positive factor: The estimate is NI 43-101 compliant and signed off by a Qualified Person, ensuring adherence to industry best practices. - Positive factor: Detailed disclosure of metal equivalent assumptions \(prices, recoveries\) and cut-off grade parameters provides transparency. - Positive factor: Significant exploration upside remains with twelve known veins yet to be drill tested and a pipeline of untested anomalies. - Negative factor: The resource is reported with two different cut-off grades \(95 g/t AgEq and 130 g/t AgEq\) depending on the vein area, which can complicate direct comparisons across the project. Low confidence — this extraction should be reviewed alongside the original source. Facts used in scoring: 84 ## Classification and evidence **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: The Updated MRE was prepared in accordance with National Instrument 43-101 – Standards of Disclosure for Mineral Projects \(" NI 43-101 "\). Evidence · text > National Instrument 43-101 – Standards of Disclosure for Mineral Projects \(" NI 43-101 "\) **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 Updated MRE was prepared under the supervision of Warren Black, M.Sc., P.Geo., a Senior Consultant: Mineral Resources and Geostatistics of APEX Geoscience Ltd., who is deemed a Qualified Person as defined by NI 43-101. Evidence · text > Warren Black, M.Sc., P.Geo., Senior Consultant: Mineral Resources and Geostatistics of APEX Geoscience Ltd., who is deemed a Qualified Person as defined by NI 43-101, is responsible for the completion of the mineral resource estimation **Contained Metal Growth** Polarity: positive Definition: True scale improvement — contained metal ounces/tonnes increased vs prior, accounting for both tonnage and grade changes. Why it applies: Contained AgEq ounces in Indicated resources in the Updated MRE increased 23.5% compared to the maiden mineral resource estimate, and Inferred resources increased 106.3% to 27.9 Moz AgEq. Evidence · text > Contained AgEq ounces in Indicated resources in the Updated MRE increased 23.5% compared to the maiden mineral resource estimate for the Santa Ana Project outlined in a technical report dated June 8, 2023 \(the " Maiden MRE "\). Inferred resources increased 106.3% to 27.9 Moz AgEq. **Category Upgrade** Polarity: positive Definition: Resource confidence improved — Inferred upgraded to Indicated, or Indicated to Measured. De-risking signal. Why it applies: Mineral Resource classification in the Updated MRE applied a more rigorous standard than the Maiden MRE, including constraining resources based on reasonable prospects for eventual economic extraction \(" RPEEE "\) and mineable shape optimization \(" MSO "\). Evidence · text > Mineral Resource classification in the Updated MRE applied a more rigorous standard than the Maiden MRE, including constraining resources based on reasonable prospects for eventual economic extraction \(" RPEEE "\) and mineable shape optimization \(" MSO "\). **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 Updated MRE uses a cut-off grade of 95 g/t AgEq for the Santa Ana and Los Naranjos veins and 130 g/t AgEq at all other veins. Evidence · text > uses a cut-off grade of 95 g/t AgEq for the Santa Ana and Los Naranjos veins and 130 g/t AgEq at all other veins. **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: The document announces an "updated mineral resource estimate" for the Santa Ana project. Evidence · text > OUTCROP SILVER ANNOUNCES UPDATED MINERAL RESOURCE ESTIMATE FOR THE SANTA ANA PRIMARY SILVER PROJECT **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: The MRE includes 1,793 kt of Indicated resources. Evidence · table > Indicated Context: 1,793 **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: The MRE includes 2,352 kt of Inferred resources. Evidence · table > Inferred Context: 2,352 ## Extracted facts Stored fact records: 84. Some facts used in scoring do not have a stored record. ## Resource Estimates (84) ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/outcrop-silver-announces-updated-mineral-resource-estimate-for-the-santa-ana-pri--3ec62b98-e0cc-4e10-b147-8d5ff22eb324#fact-resource-facts-0) Santa Ana · silver #### Identity - Project: Santa Ana - Commodity: silver - Region: colombia - Reported Region: Colombia - Ticker: OCG #### Resource scope - Estimate type: resource - Effective date: 2026-09-10T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Warren Black - Resource group id: resource:ad13bd7408b2702919c6 - Deposit or zone: Aguilar - Mining method: underground - Ownership percent: 100 % #### Resource Data - Category: indicated - Tonnes: 373000 - Grade: 348.5 - Grade Unit: g/t - Contained Metal: 4.2 - Contained Unit: moz - Cutoff Grade: 130 - Cutoff Unit: g/t AgEq #### Prior Estimate - Resource Date: 2026-09-10 #### Metal Equivalent - Assumptions Disclosed: Yes #### Lab - Laboratory: Actlabs #### Location - CRS: North American Datum 1983 / UTM Zone 15N - EPSG: 26915 - Loc. Confidence: inferred #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-14T00:00:00.000Z Reasoning: The Aguilar vein area contributes a substantial Indicated resource with a high silver equivalent grade, supporting the overall project's growth and confidence. - Positive factor: Indicated resource category provides higher confidence for future development. - Positive factor: High silver equivalent grade \(348.5 g/t AgEq\) for an underground resource. - Positive factor: Part of a significant overall resource growth for the project. Evidence · table > 348.5 Context: 373 #### 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 **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 **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/outcrop-silver-announces-updated-mineral-resource-estimate-for-the-santa-ana-pri--3ec62b98-e0cc-4e10-b147-8d5ff22eb324#fact-resource-facts-1) Santa Ana · silver #### Identity - Project: Santa Ana - Commodity: silver - Region: colombia - Reported Region: Colombia - Ticker: OCG #### Resource scope - Estimate type: resource - Effective date: 2026-09-10T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Warren Black - Resource group id: resource:ad13bd7408b2702919c6 - Deposit or zone: Aguilar - Mining method: underground - Ownership percent: 100 % #### Resource Data - Category: indicated - Tonnes: 373000 - Grade: 221.1 - Grade Unit: g/t - Contained Metal: 2.7 - Contained Unit: moz - Cutoff Grade: 130 - Cutoff Unit: g/t AgEq #### Prior Estimate - Resource Date: 2026-09-10 #### Metal Equivalent - Assumptions Disclosed: Yes #### Lab - Laboratory: Actlabs #### Location - CRS: North American Datum 1983 / UTM Zone 15N - EPSG: 26915 - Loc. Confidence: inferred #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-14T00:00:00.000Z Reasoning: The Aguilar vein area contributes a substantial Indicated resource with a high silver grade, supporting the overall project's growth and confidence. - Positive factor: Indicated resource category provides higher confidence for future development. - Positive factor: High silver grade \(221.1 g/t Ag\) for an underground resource, exceeding the 75th percentile for epithermal silver deposits. - Positive factor: Part of a significant overall resource growth for the project. Evidence · table > 221.1 Context: 373 #### 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 **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 **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/outcrop-silver-announces-updated-mineral-resource-estimate-for-the-santa-ana-pri--3ec62b98-e0cc-4e10-b147-8d5ff22eb324#fact-resource-facts-2) Santa Ana · gold #### Identity - Project: Santa Ana - Commodity: gold - Region: colombia - Reported Region: Colombia - Ticker: OCG #### Resource scope - Estimate type: resource - Effective date: 2026-09-10T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Warren Black - Resource group id: resource:ad13bd7408b2702919c6 - Deposit or zone: Aguilar - Mining method: underground - Ownership percent: 100 % #### Resource Data - Category: indicated - Tonnes: 373000 - Grade: 1.61 - Grade Unit: g/t - Contained Metal: 0.019 - Contained Unit: moz - Cutoff Grade: 130 - Cutoff Unit: g/t AgEq #### Prior Estimate - Resource Date: 2026-09-10 #### Metal Equivalent - Assumptions Disclosed: Yes #### Lab - Laboratory: Actlabs #### Location - CRS: North American Datum 1983 / UTM Zone 15N - EPSG: 26915 - Loc. Confidence: inferred #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-14T00:00:00.000Z Reasoning: The Aguilar vein area includes a gold component in the Indicated resource, adding to the polymetallic nature of the project. - Positive factor: Indicated resource category provides higher confidence for future development. - Positive factor: Gold contributes to the overall value of the resource. Evidence · table > 1.61 Context: 373 #### 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 **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 **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/outcrop-silver-announces-updated-mineral-resource-estimate-for-the-santa-ana-pri--3ec62b98-e0cc-4e10-b147-8d5ff22eb324#fact-resource-facts-3) Santa Ana · silver #### Identity - Project: Santa Ana - Commodity: silver - Region: colombia - Reported Region: Colombia - Ticker: OCG #### Resource scope - Estimate type: resource - Effective date: 2026-09-10T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Warren Black - Resource group id: resource:e0812d1d03bba28b4a4e - Deposit or zone: Aguilar - Mining method: underground - Ownership percent: 100 % #### Resource Data - Category: inferred - Tonnes: 582000 - Grade: 275.3 - Grade Unit: g/t - Contained Metal: 5.2 - Contained Unit: moz - Cutoff Grade: 130 - Cutoff Unit: g/t AgEq #### Prior Estimate - Resource Date: 2026-09-10 #### Metal Equivalent - Assumptions Disclosed: Yes #### Lab - Laboratory: Actlabs #### Location - CRS: North American Datum 1983 / UTM Zone 15N - EPSG: 26915 - Loc. Confidence: inferred #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-14T00:00:00.000Z Reasoning: The Aguilar vein area contributes a substantial Inferred resource with a high silver equivalent grade, indicating strong potential for future conversion to higher confidence categories. - Positive factor: Significant Inferred resource tonnage and contained metal, indicating future growth potential. - Positive factor: High silver equivalent grade \(275.3 g/t AgEq\) for an underground resource. - Negative factor: Inferred category has lower geological confidence. Evidence · table > 275.3 Context: 582 #### 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 **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 **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/outcrop-silver-announces-updated-mineral-resource-estimate-for-the-santa-ana-pri--3ec62b98-e0cc-4e10-b147-8d5ff22eb324#fact-resource-facts-4) Santa Ana · silver #### Identity - Project: Santa Ana - Commodity: silver - Region: colombia - Reported Region: Colombia - Ticker: OCG #### Resource scope - Estimate type: resource - Effective date: 2026-09-10T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Warren Black - Resource group id: resource:e0812d1d03bba28b4a4e - Deposit or zone: Aguilar - Mining method: underground - Ownership percent: 100 % #### Resource Data - Category: inferred - Tonnes: 582000 - Grade: 175.5 - Grade Unit: g/t - Contained Metal: 3.3 - Contained Unit: moz - Cutoff Grade: 130 - Cutoff Unit: g/t AgEq #### Prior Estimate - Resource Date: 2026-09-10 #### Metal Equivalent - Assumptions Disclosed: Yes #### Lab - Laboratory: Actlabs #### Location - CRS: North American Datum 1983 / UTM Zone 15N - EPSG: 26915 - Loc. Confidence: inferred #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-14T00:00:00.000Z Reasoning: The Aguilar vein area contributes a substantial Inferred resource with a high silver grade, indicating strong potential for future conversion to higher confidence categories. - Positive factor: Significant Inferred resource tonnage and contained metal, indicating future growth potential. - Positive factor: High silver grade \(175.5 g/t Ag\) for an underground resource, exceeding the 75th percentile for epithermal silver deposits. - Negative factor: Inferred category has lower geological confidence. Evidence · table > 175.5 Context: 582 #### 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 **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 **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/outcrop-silver-announces-updated-mineral-resource-estimate-for-the-santa-ana-pri--3ec62b98-e0cc-4e10-b147-8d5ff22eb324#fact-resource-facts-5) Santa Ana · gold #### Identity - Project: Santa Ana - Commodity: gold - Region: colombia - Reported Region: Colombia - Ticker: OCG #### Resource scope - Estimate type: resource - Effective date: 2026-09-10T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Warren Black - Resource group id: resource:e0812d1d03bba28b4a4e - Deposit or zone: Aguilar - Mining method: underground - Ownership percent: 100 % #### Resource Data - Category: inferred - Tonnes: 582000 - Grade: 1.26 - Grade Unit: g/t - Contained Metal: 0.024 - Contained Unit: moz - Cutoff Grade: 130 - Cutoff Unit: g/t AgEq #### Prior Estimate - Resource Date: 2026-09-10 #### Metal Equivalent - Assumptions Disclosed: Yes #### Lab - Laboratory: Actlabs #### Location - CRS: North American Datum 1983 / UTM Zone 15N - EPSG: 26915 - Loc. Confidence: inferred #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-14T00:00:00.000Z Reasoning: The Aguilar vein area includes a gold component in the Inferred resource, adding to the polymetallic nature of the project. - Positive factor: Gold contributes to the overall value of the resource. - Negative factor: Inferred category has lower geological confidence. Evidence · table > 1.26 Context: 582 #### 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 **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 **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/outcrop-silver-announces-updated-mineral-resource-estimate-for-the-santa-ana-pri--3ec62b98-e0cc-4e10-b147-8d5ff22eb324#fact-resource-facts-6) Santa Ana · silver #### Identity - Project: Santa Ana - Commodity: silver - Region: colombia - Reported Region: Colombia - Ticker: OCG #### Resource scope - Estimate type: resource - Effective date: 2026-09-10T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Warren Black - Resource group id: resource:3f160881c254a7b2c5b0 - Deposit or zone: El Dorado - Mining method: underground - Ownership percent: 100 % #### Resource Data - Category: indicated - Tonnes: 77000 - Grade: 686.7 - Grade Unit: g/t - Contained Metal: 1.7 - Contained Unit: moz - Cutoff Grade: 130 - Cutoff Unit: g/t AgEq #### Prior Estimate - Resource Date: 2026-09-10 #### Metal Equivalent - Assumptions Disclosed: Yes #### Lab - Laboratory: Actlabs #### Location - CRS: North American Datum 1983 / UTM Zone 15N - EPSG: 26915 - Loc. Confidence: inferred #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-14T00:00:00.000Z Reasoning: The El Dorado vein area contributes a high-grade Indicated resource, significantly enhancing the overall project's value and confidence. - Positive factor: Indicated resource category provides higher confidence for future development. - Positive factor: Exceptionally high silver equivalent grade \(686.7 g/t AgEq\) for an underground resource. Evidence · table > 686.7 Context: 77 #### 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 **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 **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/outcrop-silver-announces-updated-mineral-resource-estimate-for-the-santa-ana-pri--3ec62b98-e0cc-4e10-b147-8d5ff22eb324#fact-resource-facts-7) Santa Ana · silver #### Identity - Project: Santa Ana - Commodity: silver - Region: colombia - Reported Region: Colombia - Ticker: OCG #### Resource scope - Estimate type: resource - Effective date: 2026-09-10T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Warren Black - Resource group id: resource:3f160881c254a7b2c5b0 - Deposit or zone: El Dorado - Mining method: underground - Ownership percent: 100 % #### Resource Data - Category: indicated - Tonnes: 77000 - Grade: 502.3 - Grade Unit: g/t - Contained Metal: 1.2 - Contained Unit: moz - Cutoff Grade: 130 - Cutoff Unit: g/t AgEq #### Prior Estimate - Resource Date: 2026-09-10 #### Metal Equivalent - Assumptions Disclosed: Yes #### Lab - Laboratory: Actlabs #### Location - CRS: North American Datum 1983 / UTM Zone 15N - EPSG: 26915 - Loc. Confidence: inferred #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-14T00:00:00.000Z Reasoning: The El Dorado vein area contributes a high-grade Indicated resource, significantly enhancing the overall project's value and confidence. - Positive factor: Indicated resource category provides higher confidence for future development. - Positive factor: Exceptionally high silver grade \(502.3 g/t Ag\) for an underground resource, well above the 75th percentile for epithermal silver deposits. Evidence · table > 502.3 Context: 77 #### 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 **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 **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/outcrop-silver-announces-updated-mineral-resource-estimate-for-the-santa-ana-pri--3ec62b98-e0cc-4e10-b147-8d5ff22eb324#fact-resource-facts-8) Santa Ana · gold #### Identity - Project: Santa Ana - Commodity: gold - Region: colombia - Reported Region: Colombia - Ticker: OCG #### Resource scope - Estimate type: resource - Effective date: 2026-09-10T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Warren Black - Resource group id: resource:3f160881c254a7b2c5b0 - Deposit or zone: El Dorado - Mining method: underground - Ownership percent: 100 % #### Resource Data - Category: indicated - Tonnes: 77000 - Grade: 2.33 - Grade Unit: g/t - Contained Metal: 0.006 - Contained Unit: moz - Cutoff Grade: 130 - Cutoff Unit: g/t AgEq #### Prior Estimate - Resource Date: 2026-09-10 #### Metal Equivalent - Assumptions Disclosed: Yes #### Lab - Laboratory: Actlabs #### Location - CRS: North American Datum 1983 / UTM Zone 15N - EPSG: 26915 - Loc. Confidence: inferred #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-14T00:00:00.000Z Reasoning: The El Dorado vein area includes a gold component in the Indicated resource, adding to the polymetallic nature of the project. - Positive factor: Indicated resource category provides higher confidence for future development. - Positive factor: Gold contributes to the overall value of the resource. Evidence · table > 2.33 Context: 77 #### 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 **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 **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/outcrop-silver-announces-updated-mineral-resource-estimate-for-the-santa-ana-pri--3ec62b98-e0cc-4e10-b147-8d5ff22eb324#fact-resource-facts-9) Santa Ana · silver #### Identity - Project: Santa Ana - Commodity: silver - Region: colombia - Reported Region: Colombia - Ticker: OCG #### Resource scope - Estimate type: resource - Effective date: 2026-09-10T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Warren Black - Resource group id: resource:0ed8b78b2eac76fc649f - Deposit or zone: El Dorado - Mining method: underground - Ownership percent: 100 % #### Resource Data - Category: inferred - Tonnes: 97000 - Grade: 301.3 - Grade Unit: g/t - Contained Metal: 0.9 - Contained Unit: moz - Cutoff Grade: 130 - Cutoff Unit: g/t AgEq #### Prior Estimate - Resource Date: 2026-09-10 #### Metal Equivalent - Assumptions Disclosed: Yes #### Lab - Laboratory: Actlabs #### Location - CRS: North American Datum 1983 / UTM Zone 15N - EPSG: 26915 - Loc. Confidence: inferred #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-14T00:00:00.000Z Reasoning: The El Dorado vein area contributes a substantial Inferred resource with a high silver equivalent grade, indicating strong potential for future conversion to higher confidence categories. - Positive factor: Significant Inferred resource tonnage and contained metal, indicating future growth potential. - Positive factor: High silver equivalent grade \(301.3 g/t AgEq\) for an underground resource. - Negative factor: Inferred category has lower geological confidence. Evidence · table > 301.3 Context: 97 #### 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 **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 **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/outcrop-silver-announces-updated-mineral-resource-estimate-for-the-santa-ana-pri--3ec62b98-e0cc-4e10-b147-8d5ff22eb324#fact-resource-facts-10) Santa Ana · silver #### Identity - Project: Santa Ana - Commodity: silver - Region: colombia - Reported Region: Colombia - Ticker: OCG #### Resource scope - Estimate type: resource - Effective date: 2026-09-10T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Warren Black - Resource group id: resource:0ed8b78b2eac76fc649f - Deposit or zone: El Dorado - Mining method: underground - Ownership percent: 100 % #### Resource Data - Category: inferred - Tonnes: 97000 - Grade: 169 - Grade Unit: g/t - Contained Metal: 0.5 - Contained Unit: moz - Cutoff Grade: 130 - Cutoff Unit: g/t AgEq #### Prior Estimate - Resource Date: 2026-09-10 #### Metal Equivalent - Assumptions Disclosed: Yes #### Lab - Laboratory: Actlabs #### Location - CRS: North American Datum 1983 / UTM Zone 15N - EPSG: 26915 - Loc. Confidence: inferred #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-14T00:00:00.000Z Reasoning: The El Dorado vein area contributes a substantial Inferred resource with a high silver grade, indicating strong potential for future conversion to higher confidence categories. - Positive factor: Significant Inferred resource tonnage and contained metal, indicating future growth potential. - Positive factor: High silver grade \(169.0 g/t Ag\) for an underground resource, exceeding the 75th percentile for epithermal silver deposits. - Negative factor: Inferred category has lower geological confidence. Evidence · table > 169.0 Context: 97 #### 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 **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 **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/outcrop-silver-announces-updated-mineral-resource-estimate-for-the-santa-ana-pri--3ec62b98-e0cc-4e10-b147-8d5ff22eb324#fact-resource-facts-11) Santa Ana · gold #### Identity - Project: Santa Ana - Commodity: gold - Region: colombia - Reported Region: Colombia - Ticker: OCG #### Resource scope - Estimate type: resource - Effective date: 2026-09-10T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Warren Black - Resource group id: resource:0ed8b78b2eac76fc649f - Deposit or zone: El Dorado - Mining method: underground - Ownership percent: 100 % #### Resource Data - Category: inferred - Tonnes: 97000 - Grade: 1.67 - Grade Unit: g/t - Contained Metal: 0.005 - Contained Unit: moz - Cutoff Grade: 130 - Cutoff Unit: g/t AgEq #### Prior Estimate - Resource Date: 2026-09-10 #### Metal Equivalent - Assumptions Disclosed: Yes #### Lab - Laboratory: Actlabs #### Location - CRS: North American Datum 1983 / UTM Zone 15N - EPSG: 26915 - Loc. Confidence: inferred #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-14T00:00:00.000Z Reasoning: The El Dorado vein area includes a gold component in the Inferred resource, adding to the polymetallic nature of the project. - Positive factor: Gold contributes to the overall value of the resource. - Negative factor: Inferred category has lower geological confidence. Evidence · table > 1.67 Context: 97 #### 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 **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 **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/outcrop-silver-announces-updated-mineral-resource-estimate-for-the-santa-ana-pri--3ec62b98-e0cc-4e10-b147-8d5ff22eb324#fact-resource-facts-12) Santa Ana · silver #### Identity - Project: Santa Ana - Commodity: silver - Region: colombia - Reported Region: Colombia - Ticker: OCG #### Resource scope - Estimate type: resource - Effective date: 2026-09-10T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Warren Black - Resource group id: resource:72b685268743049345ae - Deposit or zone: Esp Santo - Mining method: underground - Ownership percent: 100 % #### Resource Data - Category: indicated - Tonnes: 4000 - Grade: 197.4 - Grade Unit: g/t - Contained Metal: 0 - Contained Unit: moz - Cutoff Grade: 130 - Cutoff Unit: g/t AgEq #### Prior Estimate - Resource Date: 2026-09-10 #### Metal Equivalent - Assumptions Disclosed: Yes #### Lab - Laboratory: Actlabs #### Location - CRS: North American Datum 1983 / UTM Zone 15N - EPSG: 26915 - Loc. Confidence: inferred #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-14T00:00:00.000Z Reasoning: The Esp Santo vein area contributes a small Indicated resource, but with a reasonable silver equivalent grade. - Positive factor: Indicated resource category provides higher confidence for future development. - Negative factor: Very small tonnage and contained metal. Evidence · table > 197.4 Context: 4 #### 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 **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 **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/outcrop-silver-announces-updated-mineral-resource-estimate-for-the-santa-ana-pri--3ec62b98-e0cc-4e10-b147-8d5ff22eb324#fact-resource-facts-13) Santa Ana · silver #### Identity - Project: Santa Ana - Commodity: silver - Region: colombia - Reported Region: Colombia - Ticker: OCG #### Resource scope - Estimate type: resource - Effective date: 2026-09-10T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Warren Black - Resource group id: resource:72b685268743049345ae - Deposit or zone: Esp Santo - Mining method: underground - Ownership percent: 100 % #### Resource Data - Category: indicated - Tonnes: 4000 - Grade: 117.5 - Grade Unit: g/t - Contained Metal: 0 - Contained Unit: moz - Cutoff Grade: 130 - Cutoff Unit: g/t AgEq #### Prior Estimate - Resource Date: 2026-09-10 #### Metal Equivalent - Assumptions Disclosed: Yes #### Lab - Laboratory: Actlabs #### Location - CRS: North American Datum 1983 / UTM Zone 15N - EPSG: 26915 - Loc. Confidence: inferred #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-14T00:00:00.000Z Reasoning: The Esp Santo vein area contributes a small Indicated resource, but with a reasonable silver grade. - Positive factor: Indicated resource category provides higher confidence for future development. - Negative factor: Very small tonnage and contained metal. Evidence · table > 117.5 Context: 4 #### 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 **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 **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/outcrop-silver-announces-updated-mineral-resource-estimate-for-the-santa-ana-pri--3ec62b98-e0cc-4e10-b147-8d5ff22eb324#fact-resource-facts-14) Santa Ana · gold #### Identity - Project: Santa Ana - Commodity: gold - Region: colombia - Reported Region: Colombia - Ticker: OCG #### Resource scope - Estimate type: resource - Effective date: 2026-09-10T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Warren Black - Resource group id: resource:72b685268743049345ae - Deposit or zone: Esp Santo - Mining method: underground - Ownership percent: 100 % #### Resource Data - Category: indicated - Tonnes: 4000 - Grade: 1.01 - Grade Unit: g/t - Contained Metal: 0 - Contained Unit: moz - Cutoff Grade: 130 - Cutoff Unit: g/t AgEq #### Prior Estimate - Resource Date: 2026-09-10 #### Metal Equivalent - Assumptions Disclosed: Yes #### Lab - Laboratory: Actlabs #### Location - CRS: North American Datum 1983 / UTM Zone 15N - EPSG: 26915 - Loc. Confidence: inferred #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-14T00:00:00.000Z Reasoning: The Esp Santo vein area includes a minor gold component in the Indicated resource. - Positive factor: Gold contributes to the overall value of the resource. - Negative factor: Very small tonnage and contained metal. Evidence · table > 1.01 Context: 4 #### 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 **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 **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/outcrop-silver-announces-updated-mineral-resource-estimate-for-the-santa-ana-pri--3ec62b98-e0cc-4e10-b147-8d5ff22eb324#fact-resource-facts-15) Santa Ana · silver #### Identity - Project: Santa Ana - Commodity: silver - Region: colombia - Reported Region: Colombia - Ticker: OCG #### Resource scope - Estimate type: resource - Effective date: 2026-09-10T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Warren Black - Resource group id: resource:e456f41171601b401fc6 - Deposit or zone: Esp Santo - Mining method: underground - Ownership percent: 100 % #### Resource Data - Category: inferred - Tonnes: 18000 - Grade: 183.5 - Grade Unit: g/t - Contained Metal: 0.1 - Contained Unit: moz - Cutoff Grade: 130 - Cutoff Unit: g/t AgEq #### Prior Estimate - Resource Date: 2026-09-10 #### Metal Equivalent - Assumptions Disclosed: Yes #### Lab - Laboratory: Actlabs #### Location - CRS: North American Datum 1983 / UTM Zone 15N - EPSG: 26915 - Loc. Confidence: inferred #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-14T00:00:00.000Z Reasoning: The Esp Santo vein area contributes a small Inferred resource with a reasonable silver equivalent grade, indicating some potential for future conversion. - Positive factor: Inferred resource tonnage and contained metal, indicating future growth potential. - Negative factor: Inferred category has lower geological confidence. - Negative factor: Small tonnage and contained metal. Evidence · table > 183.5 Context: 18 #### 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 **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 **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/outcrop-silver-announces-updated-mineral-resource-estimate-for-the-santa-ana-pri--3ec62b98-e0cc-4e10-b147-8d5ff22eb324#fact-resource-facts-16) Santa Ana · silver #### Identity - Project: Santa Ana - Commodity: silver - Region: colombia - Reported Region: Colombia - Ticker: OCG #### Resource scope - Estimate type: resource - Effective date: 2026-09-10T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Warren Black - Resource group id: resource:e456f41171601b401fc6 - Deposit or zone: Esp Santo - Mining method: underground - Ownership percent: 100 % #### Resource Data - Category: inferred - Tonnes: 18000 - Grade: 89.2 - Grade Unit: g/t - Contained Metal: 0.1 - Contained Unit: moz - Cutoff Grade: 130 - Cutoff Unit: g/t AgEq #### Prior Estimate - Resource Date: 2026-09-10 #### Metal Equivalent - Assumptions Disclosed: Yes #### Lab - Laboratory: Actlabs #### Location - CRS: North American Datum 1983 / UTM Zone 15N - EPSG: 26915 - Loc. Confidence: inferred #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-14T00:00:00.000Z Reasoning: The Esp Santo vein area contributes a small Inferred resource with a moderate silver grade, indicating some potential for future conversion. - Positive factor: Inferred resource tonnage and contained metal, indicating future growth potential. - Negative factor: Inferred category has lower geological confidence. - Negative factor: Small tonnage and contained metal. Evidence · table > 89.2 Context: 18 #### 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 **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 **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/outcrop-silver-announces-updated-mineral-resource-estimate-for-the-santa-ana-pri--3ec62b98-e0cc-4e10-b147-8d5ff22eb324#fact-resource-facts-17) Santa Ana · gold #### Identity - Project: Santa Ana - Commodity: gold - Region: colombia - Reported Region: Colombia - Ticker: OCG #### Resource scope - Estimate type: resource - Effective date: 2026-09-10T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Warren Black - Resource group id: resource:e456f41171601b401fc6 - Deposit or zone: Esp Santo - Mining method: underground - Ownership percent: 100 % #### Resource Data - Category: inferred - Tonnes: 18000 - Grade: 1.19 - Grade Unit: g/t - Contained Metal: 0.001 - Contained Unit: moz - Cutoff Grade: 130 - Cutoff Unit: g/t AgEq #### Prior Estimate - Resource Date: 2026-09-10 #### Metal Equivalent - Assumptions Disclosed: Yes #### Lab - Laboratory: Actlabs #### Location - CRS: North American Datum 1983 / UTM Zone 15N - EPSG: 26915 - Loc. Confidence: inferred #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-14T00:00:00.000Z Reasoning: The Esp Santo vein area includes a minor gold component in the Inferred resource. - Positive factor: Gold contributes to the overall value of the resource. - Negative factor: Inferred category has lower geological confidence. - Negative factor: Small tonnage and contained metal. Evidence · table > 1.19 Context: 18 #### 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 **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 **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/outcrop-silver-announces-updated-mineral-resource-estimate-for-the-santa-ana-pri--3ec62b98-e0cc-4e10-b147-8d5ff22eb324#fact-resource-facts-18) Santa Ana · silver #### Identity - Project: Santa Ana - Commodity: silver - Region: colombia - Reported Region: Colombia - Ticker: OCG #### Resource scope - Estimate type: resource - Effective date: 2026-09-10T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Warren Black - Resource group id: resource:b2c8957465f2d6bec0dc - Deposit or zone: Guadual - Mining method: underground - Ownership percent: 100 % #### Resource Data - Category: indicated - Tonnes: 255000 - Grade: 592.9 - Grade Unit: g/t - Contained Metal: 4.9 - Contained Unit: moz - Cutoff Grade: 130 - Cutoff Unit: g/t AgEq #### Prior Estimate - Resource Date: 2026-09-10 #### Metal Equivalent - Assumptions Disclosed: Yes #### Lab - Laboratory: Actlabs #### Location - CRS: North American Datum 1983 / UTM Zone 15N - EPSG: 26915 - Loc. Confidence: inferred #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-14T00:00:00.000Z Reasoning: The Guadual vein area contributes a substantial and high-grade Indicated resource, significantly enhancing the overall project's value and confidence. - Positive factor: Indicated resource category provides higher confidence for future development. - Positive factor: High silver equivalent grade \(592.9 g/t AgEq\) and significant contained metal. Evidence · table > 592.9 Context: 255 #### 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 **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 **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/outcrop-silver-announces-updated-mineral-resource-estimate-for-the-santa-ana-pri--3ec62b98-e0cc-4e10-b147-8d5ff22eb324#fact-resource-facts-19) Santa Ana · silver #### Identity - Project: Santa Ana - Commodity: silver - Region: colombia - Reported Region: Colombia - Ticker: OCG #### Resource scope - Estimate type: resource - Effective date: 2026-09-10T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Warren Black - Resource group id: resource:b2c8957465f2d6bec0dc - Deposit or zone: Guadual - Mining method: underground - Ownership percent: 100 % #### Resource Data - Category: indicated - Tonnes: 255000 - Grade: 486.4 - Grade Unit: g/t - Contained Metal: 4 - Contained Unit: moz - Cutoff Grade: 130 - Cutoff Unit: g/t AgEq #### Prior Estimate - Resource Date: 2026-09-10 #### Metal Equivalent - Assumptions Disclosed: Yes #### Lab - Laboratory: Actlabs #### Location - CRS: North American Datum 1983 / UTM Zone 15N - EPSG: 26915 - Loc. Confidence: inferred #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-14T00:00:00.000Z Reasoning: The Guadual vein area contributes a substantial and high-grade Indicated resource, significantly enhancing the overall project's value and confidence. - Positive factor: Indicated resource category provides higher confidence for future development. - Positive factor: High silver grade \(486.4 g/t Ag\) and significant contained metal, well above the 75th percentile for epithermal silver deposits. Evidence · table > 486.4 Context: 255 #### 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 **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 **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/outcrop-silver-announces-updated-mineral-resource-estimate-for-the-santa-ana-pri--3ec62b98-e0cc-4e10-b147-8d5ff22eb324#fact-resource-facts-20) Santa Ana · gold #### Identity - Project: Santa Ana - Commodity: gold - Region: colombia - Reported Region: Colombia - Ticker: OCG #### Resource scope - Estimate type: resource - Effective date: 2026-09-10T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Warren Black - Resource group id: resource:b2c8957465f2d6bec0dc - Deposit or zone: Guadual - Mining method: underground - Ownership percent: 100 % #### Resource Data - Category: indicated - Tonnes: 255000 - Grade: 1.35 - Grade Unit: g/t - Contained Metal: 0.011 - Contained Unit: moz - Cutoff Grade: 130 - Cutoff Unit: g/t AgEq #### Prior Estimate - Resource Date: 2026-09-10 #### Metal Equivalent - Assumptions Disclosed: Yes #### Lab - Laboratory: Actlabs #### Location - CRS: North American Datum 1983 / UTM Zone 15N - EPSG: 26915 - Loc. Confidence: inferred #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-14T00:00:00.000Z Reasoning: The Guadual vein area includes a gold component in the Indicated resource, adding to the polymetallic nature of the project. - Positive factor: Indicated resource category provides higher confidence for future development. - Positive factor: Gold contributes to the overall value of the resource. Evidence · table > 1.35 Context: 255 #### 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 **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 **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/outcrop-silver-announces-updated-mineral-resource-estimate-for-the-santa-ana-pri--3ec62b98-e0cc-4e10-b147-8d5ff22eb324#fact-resource-facts-21) Santa Ana · silver #### Identity - Project: Santa Ana - Commodity: silver - Region: colombia - Reported Region: Colombia - Ticker: OCG #### Resource scope - Estimate type: resource - Effective date: 2026-09-10T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Warren Black - Resource group id: resource:ffd1a3758118bb856c76 - Deposit or zone: Guadual - Mining method: underground - Ownership percent: 100 % #### Resource Data - Category: inferred - Tonnes: 326000 - Grade: 459.1 - Grade Unit: g/t - Contained Metal: 4.8 - Contained Unit: moz - Cutoff Grade: 130 - Cutoff Unit: g/t AgEq #### Prior Estimate - Resource Date: 2026-09-10 #### Metal Equivalent - Assumptions Disclosed: Yes #### Lab - Laboratory: Actlabs #### Location - CRS: North American Datum 1983 / UTM Zone 15N - EPSG: 26915 - Loc. Confidence: inferred #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-14T00:00:00.000Z Reasoning: The Guadual vein area contributes a substantial Inferred resource with a high silver equivalent grade, indicating strong potential for future conversion to higher confidence categories. - Positive factor: Significant Inferred resource tonnage and contained metal, indicating future growth potential. - Positive factor: High silver equivalent grade \(459.1 g/t AgEq\) for an underground resource. - Negative factor: Inferred category has lower geological confidence. Evidence · table > 459.1 Context: 326 #### 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 **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 **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/outcrop-silver-announces-updated-mineral-resource-estimate-for-the-santa-ana-pri--3ec62b98-e0cc-4e10-b147-8d5ff22eb324#fact-resource-facts-22) Santa Ana · silver #### Identity - Project: Santa Ana - Commodity: silver - Region: colombia - Reported Region: Colombia - Ticker: OCG #### Resource scope - Estimate type: resource - Effective date: 2026-09-10T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Warren Black - Resource group id: resource:ffd1a3758118bb856c76 - Deposit or zone: Guadual - Mining method: underground - Ownership percent: 100 % #### Resource Data - Category: inferred - Tonnes: 326000 - Grade: 379 - Grade Unit: g/t - Contained Metal: 4 - Contained Unit: moz - Cutoff Grade: 130 - Cutoff Unit: g/t AgEq #### Prior Estimate - Resource Date: 2026-09-10 #### Metal Equivalent - Assumptions Disclosed: Yes #### Lab - Laboratory: Actlabs #### Location - CRS: North American Datum 1983 / UTM Zone 15N - EPSG: 26915 - Loc. Confidence: inferred #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-14T00:00:00.000Z Reasoning: The Guadual vein area contributes a substantial Inferred resource with a high silver grade, indicating strong potential for future conversion to higher confidence categories. - Positive factor: Significant Inferred resource tonnage and contained metal, indicating future growth potential. - Positive factor: High silver grade \(379.0 g/t Ag\) for an underground resource, exceeding the 75th percentile for epithermal silver deposits. - Negative factor: Inferred category has lower geological confidence. Evidence · table > 379.0 Context: 326 #### 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 **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 **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/outcrop-silver-announces-updated-mineral-resource-estimate-for-the-santa-ana-pri--3ec62b98-e0cc-4e10-b147-8d5ff22eb324#fact-resource-facts-23) Santa Ana · gold #### Identity - Project: Santa Ana - Commodity: gold - Region: colombia - Reported Region: Colombia - Ticker: OCG #### Resource scope - Estimate type: resource - Effective date: 2026-09-10T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Warren Black - Resource group id: resource:ffd1a3758118bb856c76 - Deposit or zone: Guadual - Mining method: underground - Ownership percent: 100 % #### Resource Data - Category: inferred - Tonnes: 326000 - Grade: 1.01 - Grade Unit: g/t - Contained Metal: 0.011 - Contained Unit: moz - Cutoff Grade: 130 - Cutoff Unit: g/t AgEq #### Prior Estimate - Resource Date: 2026-09-10 #### Metal Equivalent - Assumptions Disclosed: Yes #### Lab - Laboratory: Actlabs #### Location - CRS: North American Datum 1983 / UTM Zone 15N - EPSG: 26915 - Loc. Confidence: inferred #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-14T00:00:00.000Z Reasoning: The Guadual vein area includes a gold component in the Inferred resource, adding to the polymetallic nature of the project. - Positive factor: Gold contributes to the overall value of the resource. - Negative factor: Inferred category has lower geological confidence. Evidence · table > 1.01 Context: 326 #### 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 **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 **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/outcrop-silver-announces-updated-mineral-resource-estimate-for-the-santa-ana-pri--3ec62b98-e0cc-4e10-b147-8d5ff22eb324#fact-resource-facts-24) Santa Ana · silver #### Identity - Project: Santa Ana - Commodity: silver - Region: colombia - Reported Region: Colombia - Ticker: OCG #### Resource scope - Estimate type: resource - Effective date: 2026-09-10T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Warren Black - Resource group id: resource:0a8dfa0cca50fabc4224 - Deposit or zone: La Porfia - Mining method: underground - Ownership percent: 100 % #### Resource Data - Category: indicated - Tonnes: 124000 - Grade: 513.4 - Grade Unit: g/t - Contained Metal: 2 - Contained Unit: moz - Cutoff Grade: 130 - Cutoff Unit: g/t AgEq #### Prior Estimate - Resource Date: 2026-09-10 #### Metal Equivalent - Assumptions Disclosed: Yes #### Lab - Laboratory: Actlabs #### Location - CRS: North American Datum 1983 / UTM Zone 15N - EPSG: 26915 - Loc. Confidence: inferred #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-14T00:00:00.000Z Reasoning: The La Porfia vein area contributes a high-grade Indicated resource, enhancing the overall project's value and confidence. - Positive factor: Indicated resource category provides higher confidence for future development. - Positive factor: High silver equivalent grade \(513.4 g/t AgEq\) for an underground resource. Evidence · table > 513.4 Context: 124 #### 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 **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 **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/outcrop-silver-announces-updated-mineral-resource-estimate-for-the-santa-ana-pri--3ec62b98-e0cc-4e10-b147-8d5ff22eb324#fact-resource-facts-25) Santa Ana · silver #### Identity - Project: Santa Ana - Commodity: silver - Region: colombia - Reported Region: Colombia - Ticker: OCG #### Resource scope - Estimate type: resource - Effective date: 2026-09-10T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Warren Black - Resource group id: resource:0a8dfa0cca50fabc4224 - Deposit or zone: La Porfia - Mining method: underground - Ownership percent: 100 % #### Resource Data - Category: indicated - Tonnes: 124000 - Grade: 233.8 - Grade Unit: g/t - Contained Metal: 0.9 - Contained Unit: moz - Cutoff Grade: 130 - Cutoff Unit: g/t AgEq #### Prior Estimate - Resource Date: 2026-09-10 #### Metal Equivalent - Assumptions Disclosed: Yes #### Lab - Laboratory: Actlabs #### Location - CRS: North American Datum 1983 / UTM Zone 15N - EPSG: 26915 - Loc. Confidence: inferred #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-14T00:00:00.000Z Reasoning: The La Porfia vein area contributes a high-grade Indicated resource, enhancing the overall project's value and confidence. - Positive factor: Indicated resource category provides higher confidence for future development. - Positive factor: High silver grade \(233.8 g/t Ag\) for an underground resource, exceeding the 75th percentile for epithermal silver deposits. Evidence · table > 233.8 Context: 124 #### 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 **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 **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/outcrop-silver-announces-updated-mineral-resource-estimate-for-the-santa-ana-pri--3ec62b98-e0cc-4e10-b147-8d5ff22eb324#fact-resource-facts-26) Santa Ana · gold #### Identity - Project: Santa Ana - Commodity: gold - Region: colombia - Reported Region: Colombia - Ticker: OCG #### Resource scope - Estimate type: resource - Effective date: 2026-09-10T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Warren Black - Resource group id: resource:0a8dfa0cca50fabc4224 - Deposit or zone: La Porfia - Mining method: underground - Ownership percent: 100 % #### Resource Data - Category: indicated - Tonnes: 124000 - Grade: 3.54 - Grade Unit: g/t - Contained Metal: 0.014 - Contained Unit: moz - Cutoff Grade: 130 - Cutoff Unit: g/t AgEq #### Prior Estimate - Resource Date: 2026-09-10 #### Metal Equivalent - Assumptions Disclosed: Yes #### Lab - Laboratory: Actlabs #### Location - CRS: North American Datum 1983 / UTM Zone 15N - EPSG: 26915 - Loc. Confidence: inferred #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-14T00:00:00.000Z Reasoning: The La Porfia vein area includes a significant gold component in the Indicated resource, adding to the polymetallic nature of the project. - Positive factor: Indicated resource category provides higher confidence for future development. - Positive factor: Significant gold grade \(3.54 g/t Au\) contributes to the overall value of the resource. Evidence · table > 3.54 Context: 124 #### 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 **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 **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/outcrop-silver-announces-updated-mineral-resource-estimate-for-the-santa-ana-pri--3ec62b98-e0cc-4e10-b147-8d5ff22eb324#fact-resource-facts-27) Santa Ana · silver #### Identity - Project: Santa Ana - Commodity: silver - Region: colombia - Reported Region: Colombia - Ticker: OCG #### Resource scope - Estimate type: resource - Effective date: 2026-09-10T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Warren Black - Resource group id: resource:f2ad168a7fb5b4573676 - Deposit or zone: La Porfia - Mining method: underground - Ownership percent: 100 % #### Resource Data - Category: inferred - Tonnes: 84000 - Grade: 511.5 - Grade Unit: g/t - Contained Metal: 1.4 - Contained Unit: moz - Cutoff Grade: 130 - Cutoff Unit: g/t AgEq #### Prior Estimate - Resource Date: 2026-09-10 #### Metal Equivalent - Assumptions Disclosed: Yes #### Lab - Laboratory: Actlabs #### Location - CRS: North American Datum 1983 / UTM Zone 15N - EPSG: 26915 - Loc. Confidence: inferred #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-14T00:00:00.000Z Reasoning: The La Porfia vein area contributes a high-grade Inferred resource, indicating strong potential for future conversion to higher confidence categories. - Positive factor: Significant Inferred resource tonnage and contained metal, indicating future growth potential. - Positive factor: High silver equivalent grade \(511.5 g/t AgEq\) for an underground resource. - Negative factor: Inferred category has lower geological confidence. Evidence · table > 511.5 Context: 84 #### 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 **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 **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/outcrop-silver-announces-updated-mineral-resource-estimate-for-the-santa-ana-pri--3ec62b98-e0cc-4e10-b147-8d5ff22eb324#fact-resource-facts-28) Santa Ana · silver #### Identity - Project: Santa Ana - Commodity: silver - Region: colombia - Reported Region: Colombia - Ticker: OCG #### Resource scope - Estimate type: resource - Effective date: 2026-09-10T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Warren Black - Resource group id: resource:f2ad168a7fb5b4573676 - Deposit or zone: La Porfia - Mining method: underground - Ownership percent: 100 % #### Resource Data - Category: inferred - Tonnes: 84000 - Grade: 194.8 - Grade Unit: g/t - Contained Metal: 0.5 - Contained Unit: moz - Cutoff Grade: 130 - Cutoff Unit: g/t AgEq #### Prior Estimate - Resource Date: 2026-09-10 #### Metal Equivalent - Assumptions Disclosed: Yes #### Lab - Laboratory: Actlabs #### Location - CRS: North American Datum 1983 / UTM Zone 15N - EPSG: 26915 - Loc. Confidence: inferred #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-14T00:00:00.000Z Reasoning: The La Porfia vein area contributes a high-grade Inferred resource, indicating strong potential for future conversion to higher confidence categories. - Positive factor: Significant Inferred resource tonnage and contained metal, indicating future growth potential. - Positive factor: High silver grade \(194.8 g/t Ag\) for an underground resource, exceeding the 75th percentile for epithermal silver deposits. - Negative factor: Inferred category has lower geological confidence. Evidence · table > 194.8 Context: 84 #### 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 **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 **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/outcrop-silver-announces-updated-mineral-resource-estimate-for-the-santa-ana-pri--3ec62b98-e0cc-4e10-b147-8d5ff22eb324#fact-resource-facts-29) Santa Ana · gold #### Identity - Project: Santa Ana - Commodity: gold - Region: colombia - Reported Region: Colombia - Ticker: OCG #### Resource scope - Estimate type: resource - Effective date: 2026-09-10T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Warren Black - Resource group id: resource:f2ad168a7fb5b4573676 - Deposit or zone: La Porfia - Mining method: underground - Ownership percent: 100 % #### Resource Data - Category: inferred - Tonnes: 84000 - Grade: 4.01 - Grade Unit: g/t - Contained Metal: 0.011 - Contained Unit: moz - Cutoff Grade: 130 - Cutoff Unit: g/t AgEq #### Prior Estimate - Resource Date: 2026-09-10 #### Metal Equivalent - Assumptions Disclosed: Yes #### Lab - Laboratory: Actlabs #### Location - CRS: North American Datum 1983 / UTM Zone 15N - EPSG: 26915 - Loc. Confidence: inferred #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-14T00:00:00.000Z Reasoning: The La Porfia vein area includes a significant gold component in the Inferred resource, adding to the polymetallic nature of the project. - Positive factor: Significant gold grade \(4.01 g/t Au\) contributes to the overall value of the resource. - Negative factor: Inferred category has lower geological confidence. Evidence · table > 4.01 Context: 84 #### 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 **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 **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/outcrop-silver-announces-updated-mineral-resource-estimate-for-the-santa-ana-pri--3ec62b98-e0cc-4e10-b147-8d5ff22eb324#fact-resource-facts-30) Santa Ana · silver #### Identity - Project: Santa Ana - Commodity: silver - Region: colombia - Reported Region: Colombia - Ticker: OCG #### Resource scope - Estimate type: resource - Effective date: 2026-09-10T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Warren Black - Resource group id: resource:92c4c824d906530235d2 - Deposit or zone: La Ye - Mining method: underground - Ownership percent: 100 % #### Resource Data - Category: indicated - Tonnes: 60000 - Grade: 254.2 - Grade Unit: g/t - Contained Metal: 0.5 - Contained Unit: moz - Cutoff Grade: 130 - Cutoff Unit: g/t AgEq #### Prior Estimate - Resource Date: 2026-09-10 #### Metal Equivalent - Assumptions Disclosed: Yes #### Lab - Laboratory: Actlabs #### Location - CRS: North American Datum 1983 / UTM Zone 15N - EPSG: 26915 - Loc. Confidence: inferred #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-14T00:00:00.000Z Reasoning: The La Ye vein area contributes a moderate Indicated resource with a good silver equivalent grade. - Positive factor: Indicated resource category provides higher confidence for future development. - Positive factor: High silver equivalent grade \(254.2 g/t AgEq\) for an underground resource. Evidence · table > 254.2 Context: 60 #### 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 **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 **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/outcrop-silver-announces-updated-mineral-resource-estimate-for-the-santa-ana-pri--3ec62b98-e0cc-4e10-b147-8d5ff22eb324#fact-resource-facts-31) Santa Ana · silver #### Identity - Project: Santa Ana - Commodity: silver - Region: colombia - Reported Region: Colombia - Ticker: OCG #### Resource scope - Estimate type: resource - Effective date: 2026-09-10T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Warren Black - Resource group id: resource:92c4c824d906530235d2 - Deposit or zone: La Ye - Mining method: underground - Ownership percent: 100 % #### Resource Data - Category: indicated - Tonnes: 60000 - Grade: 165.2 - Grade Unit: g/t - Contained Metal: 0.3 - Contained Unit: moz - Cutoff Grade: 130 - Cutoff Unit: g/t AgEq #### Prior Estimate - Resource Date: 2026-09-10 #### Metal Equivalent - Assumptions Disclosed: Yes #### Lab - Laboratory: Actlabs #### Location - CRS: North American Datum 1983 / UTM Zone 15N - EPSG: 26915 - Loc. Confidence: inferred #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-14T00:00:00.000Z Reasoning: The La Ye vein area contributes a moderate Indicated resource with a good silver grade. - Positive factor: Indicated resource category provides higher confidence for future development. - Positive factor: High silver grade \(165.2 g/t Ag\) for an underground resource, exceeding the 75th percentile for epithermal silver deposits. Evidence · table > 165.2 Context: 60 #### 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 **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 **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/outcrop-silver-announces-updated-mineral-resource-estimate-for-the-santa-ana-pri--3ec62b98-e0cc-4e10-b147-8d5ff22eb324#fact-resource-facts-32) Santa Ana · gold #### Identity - Project: Santa Ana - Commodity: gold - Region: colombia - Reported Region: Colombia - Ticker: OCG #### Resource scope - Estimate type: resource - Effective date: 2026-09-10T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Warren Black - Resource group id: resource:92c4c824d906530235d2 - Deposit or zone: La Ye - Mining method: underground - Ownership percent: 100 % #### Resource Data - Category: indicated - Tonnes: 60000 - Grade: 1.13 - Grade Unit: g/t - Contained Metal: 0.002 - Contained Unit: moz - Cutoff Grade: 130 - Cutoff Unit: g/t AgEq #### Prior Estimate - Resource Date: 2026-09-10 #### Metal Equivalent - Assumptions Disclosed: Yes #### Lab - Laboratory: Actlabs #### Location - CRS: North American Datum 1983 / UTM Zone 15N - EPSG: 26915 - Loc. Confidence: inferred #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-14T00:00:00.000Z Reasoning: The La Ye vein area includes a gold component in the Indicated resource. - Positive factor: Gold contributes to the overall value of the resource. Evidence · table > 1.13 Context: 60 #### 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 **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 **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/outcrop-silver-announces-updated-mineral-resource-estimate-for-the-santa-ana-pri--3ec62b98-e0cc-4e10-b147-8d5ff22eb324#fact-resource-facts-33) Santa Ana · silver #### Identity - Project: Santa Ana - Commodity: silver - Region: colombia - Reported Region: Colombia - Ticker: OCG #### Resource scope - Estimate type: resource - Effective date: 2026-09-10T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Warren Black - Resource group id: resource:4b5d708f26f7c445ac78 - Deposit or zone: La Ye - Mining method: underground - Ownership percent: 100 % #### Resource Data - Category: inferred - Tonnes: 82000 - Grade: 272.4 - Grade Unit: g/t - Contained Metal: 0.7 - Contained Unit: moz - Cutoff Grade: 130 - Cutoff Unit: g/t AgEq #### Prior Estimate - Resource Date: 2026-09-10 #### Metal Equivalent - Assumptions Disclosed: Yes #### Lab - Laboratory: Actlabs #### Location - CRS: North American Datum 1983 / UTM Zone 15N - EPSG: 26915 - Loc. Confidence: inferred #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-14T00:00:00.000Z Reasoning: The La Ye vein area contributes a moderate Inferred resource with a good silver equivalent grade, indicating some potential for future conversion. - Positive factor: Inferred resource tonnage and contained metal, indicating future growth potential. - Positive factor: High silver equivalent grade \(272.4 g/t AgEq\) for an underground resource. - Negative factor: Inferred category has lower geological confidence. Evidence · table > 272.4 Context: 82 #### 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 **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 **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/outcrop-silver-announces-updated-mineral-resource-estimate-for-the-santa-ana-pri--3ec62b98-e0cc-4e10-b147-8d5ff22eb324#fact-resource-facts-34) Santa Ana · silver #### Identity - Project: Santa Ana - Commodity: silver - Region: colombia - Reported Region: Colombia - Ticker: OCG #### Resource scope - Estimate type: resource - Effective date: 2026-09-10T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Warren Black - Resource group id: resource:4b5d708f26f7c445ac78 - Deposit or zone: La Ye - Mining method: underground - Ownership percent: 100 % #### Resource Data - Category: inferred - Tonnes: 82000 - Grade: 174.8 - Grade Unit: g/t - Contained Metal: 0.5 - Contained Unit: moz - Cutoff Grade: 130 - Cutoff Unit: g/t AgEq #### Prior Estimate - Resource Date: 2026-09-10 #### Metal Equivalent - Assumptions Disclosed: Yes #### Lab - Laboratory: Actlabs #### Location - CRS: North American Datum 1983 / UTM Zone 15N - EPSG: 26915 - Loc. Confidence: inferred #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-14T00:00:00.000Z Reasoning: The La Ye vein area contributes a moderate Inferred resource with a good silver grade, indicating some potential for future conversion. - Positive factor: Inferred resource tonnage and contained metal, indicating future growth potential. - Positive factor: High silver grade \(174.8 g/t Ag\) for an underground resource, exceeding the 75th percentile for epithermal silver deposits. - Negative factor: Inferred category has lower geological confidence. Evidence · table > 174.8 Context: 82 #### 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 **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 **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/outcrop-silver-announces-updated-mineral-resource-estimate-for-the-santa-ana-pri--3ec62b98-e0cc-4e10-b147-8d5ff22eb324#fact-resource-facts-35) Santa Ana · gold #### Identity - Project: Santa Ana - Commodity: gold - Region: colombia - Reported Region: Colombia - Ticker: OCG #### Resource scope - Estimate type: resource - Effective date: 2026-09-10T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Warren Black - Resource group id: resource:4b5d708f26f7c445ac78 - Deposit or zone: La Ye - Mining method: underground - Ownership percent: 100 % #### Resource Data - Category: inferred - Tonnes: 82000 - Grade: 1.23 - Grade Unit: g/t - Contained Metal: 0.003 - Contained Unit: moz - Cutoff Grade: 130 - Cutoff Unit: g/t AgEq #### Prior Estimate - Resource Date: 2026-09-10 #### Metal Equivalent - Assumptions Disclosed: Yes #### Lab - Laboratory: Actlabs #### Location - CRS: North American Datum 1983 / UTM Zone 15N - EPSG: 26915 - Loc. Confidence: inferred #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-14T00:00:00.000Z Reasoning: The La Ye vein area includes a gold component in the Inferred resource. - Positive factor: Gold contributes to the overall value of the resource. - Negative factor: Inferred category has lower geological confidence. Evidence · table > 1.23 Context: 82 #### 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 **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 **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/outcrop-silver-announces-updated-mineral-resource-estimate-for-the-santa-ana-pri--3ec62b98-e0cc-4e10-b147-8d5ff22eb324#fact-resource-facts-36) Santa Ana · silver #### Identity - Project: Santa Ana - Commodity: silver - Region: colombia - Reported Region: Colombia - Ticker: OCG #### Resource scope - Estimate type: resource - Effective date: 2026-09-10T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Warren Black - Resource group id: resource:c05cf0c17d0ff2e9ab02 - Deposit or zone: Las Maras - Mining method: underground - Ownership percent: 100 % #### Resource Data - Category: indicated - Tonnes: 194000 - Grade: 854.8 - Grade Unit: g/t - Contained Metal: 5.3 - Contained Unit: moz - Cutoff Grade: 130 - Cutoff Unit: g/t AgEq #### Prior Estimate - Resource Date: 2026-09-10 #### Metal Equivalent - Assumptions Disclosed: Yes #### Lab - Laboratory: Actlabs #### Location - CRS: North American Datum 1983 / UTM Zone 15N - EPSG: 26915 - Loc. Confidence: inferred #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-14T00:00:00.000Z Reasoning: The Las Maras vein area contributes an exceptionally high-grade Indicated resource, significantly boosting the overall project's value and confidence. - Positive factor: Indicated resource category provides higher confidence for future development. - Positive factor: Exceptional silver equivalent grade \(854.8 g/t AgEq\) for an underground resource, one of the highest reported. - Positive factor: Significant contained metal \(5.3 Moz AgEq\). Evidence · table > 854.8 Context: 194 #### 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 **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 **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/outcrop-silver-announces-updated-mineral-resource-estimate-for-the-santa-ana-pri--3ec62b98-e0cc-4e10-b147-8d5ff22eb324#fact-resource-facts-37) Santa Ana · silver #### Identity - Project: Santa Ana - Commodity: silver - Region: colombia - Reported Region: Colombia - Ticker: OCG #### Resource scope - Estimate type: resource - Effective date: 2026-09-10T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Warren Black - Resource group id: resource:c05cf0c17d0ff2e9ab02 - Deposit or zone: Las Maras - Mining method: underground - Ownership percent: 100 % #### Resource Data - Category: indicated - Tonnes: 194000 - Grade: 735.1 - Grade Unit: g/t - Contained Metal: 4.6 - Contained Unit: moz - Cutoff Grade: 130 - Cutoff Unit: g/t AgEq #### Prior Estimate - Resource Date: 2026-09-10 #### Metal Equivalent - Assumptions Disclosed: Yes #### Lab - Laboratory: Actlabs #### Location - CRS: North American Datum 1983 / UTM Zone 15N - EPSG: 26915 - Loc. Confidence: inferred #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-14T00:00:00.000Z Reasoning: The Las Maras vein area contributes an exceptionally high-grade Indicated resource, significantly boosting the overall project's value and confidence. - Positive factor: Indicated resource category provides higher confidence for future development. - Positive factor: Exceptional silver grade \(735.1 g/t Ag\) for an underground resource, well above the 75th percentile for epithermal silver deposits. - Positive factor: Significant contained metal \(4.6 Moz Ag\). Evidence · table > 735.1 Context: 194 #### 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 **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 **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/outcrop-silver-announces-updated-mineral-resource-estimate-for-the-santa-ana-pri--3ec62b98-e0cc-4e10-b147-8d5ff22eb324#fact-resource-facts-38) Santa Ana · gold #### Identity - Project: Santa Ana - Commodity: gold - Region: colombia - Reported Region: Colombia - Ticker: OCG #### Resource scope - Estimate type: resource - Effective date: 2026-09-10T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Warren Black - Resource group id: resource:c05cf0c17d0ff2e9ab02 - Deposit or zone: Las Maras - Mining method: underground - Ownership percent: 100 % #### Resource Data - Category: indicated - Tonnes: 194000 - Grade: 1.51 - Grade Unit: g/t - Contained Metal: 0.009 - Contained Unit: moz - Cutoff Grade: 130 - Cutoff Unit: g/t AgEq #### Prior Estimate - Resource Date: 2026-09-10 #### Metal Equivalent - Assumptions Disclosed: Yes #### Lab - Laboratory: Actlabs #### Location - CRS: North American Datum 1983 / UTM Zone 15N - EPSG: 26915 - Loc. Confidence: inferred #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-14T00:00:00.000Z Reasoning: The Las Maras vein area includes a gold component in the Indicated resource, adding to the polymetallic nature of the project. - Positive factor: Indicated resource category provides higher confidence for future development. - Positive factor: Gold contributes to the overall value of the resource. Evidence · table > 1.51 Context: 194 #### 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 **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 **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/outcrop-silver-announces-updated-mineral-resource-estimate-for-the-santa-ana-pri--3ec62b98-e0cc-4e10-b147-8d5ff22eb324#fact-resource-facts-39) Santa Ana · silver #### Identity - Project: Santa Ana - Commodity: silver - Region: colombia - Reported Region: Colombia - Ticker: OCG #### Resource scope - Estimate type: resource - Effective date: 2026-09-10T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Warren Black - Resource group id: resource:c426486235ecc65de497 - Deposit or zone: Las Maras - Mining method: underground - Ownership percent: 100 % #### Resource Data - Category: inferred - Tonnes: 158000 - Grade: 750.6 - Grade Unit: g/t - Contained Metal: 3.8 - Contained Unit: moz - Cutoff Grade: 130 - Cutoff Unit: g/t AgEq #### Prior Estimate - Resource Date: 2026-09-10 #### Metal Equivalent - Assumptions Disclosed: Yes #### Lab - Laboratory: Actlabs #### Location - CRS: North American Datum 1983 / UTM Zone 15N - EPSG: 26915 - Loc. Confidence: inferred #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-14T00:00:00.000Z Reasoning: The Las Maras vein area contributes an exceptionally high-grade Inferred resource, indicating strong potential for future conversion to higher confidence categories. - Positive factor: Significant Inferred resource tonnage and contained metal, indicating future growth potential. - Positive factor: Exceptional silver equivalent grade \(750.6 g/t AgEq\) for an underground resource. - Negative factor: Inferred category has lower geological confidence. Evidence · table > 750.6 Context: 158 #### 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 **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 **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/outcrop-silver-announces-updated-mineral-resource-estimate-for-the-santa-ana-pri--3ec62b98-e0cc-4e10-b147-8d5ff22eb324#fact-resource-facts-40) Santa Ana · silver #### Identity - Project: Santa Ana - Commodity: silver - Region: colombia - Reported Region: Colombia - Ticker: OCG #### Resource scope - Estimate type: resource - Effective date: 2026-09-10T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Warren Black - Resource group id: resource:c426486235ecc65de497 - Deposit or zone: Las Maras - Mining method: underground - Ownership percent: 100 % #### Resource Data - Category: inferred - Tonnes: 158000 - Grade: 596.9 - Grade Unit: g/t - Contained Metal: 3 - Contained Unit: moz - Cutoff Grade: 130 - Cutoff Unit: g/t AgEq #### Prior Estimate - Resource Date: 2026-09-10 #### Metal Equivalent - Assumptions Disclosed: Yes #### Lab - Laboratory: Actlabs #### Location - CRS: North American Datum 1983 / UTM Zone 15N - EPSG: 26915 - Loc. Confidence: inferred #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-14T00:00:00.000Z Reasoning: The Las Maras vein area contributes an exceptionally high-grade Inferred resource, indicating strong potential for future conversion to higher confidence categories. - Positive factor: Significant Inferred resource tonnage and contained metal, indicating future growth potential. - Positive factor: Exceptional silver grade \(596.9 g/t Ag\) for an underground resource, well above the 75th percentile for epithermal silver deposits. - Negative factor: Inferred category has lower geological confidence. Evidence · table > 596.9 Context: 158 #### 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 **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 **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/outcrop-silver-announces-updated-mineral-resource-estimate-for-the-santa-ana-pri--3ec62b98-e0cc-4e10-b147-8d5ff22eb324#fact-resource-facts-41) Santa Ana · gold #### Identity - Project: Santa Ana - Commodity: gold - Region: colombia - Reported Region: Colombia - Ticker: OCG #### Resource scope - Estimate type: resource - Effective date: 2026-09-10T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Warren Black - Resource group id: resource:c426486235ecc65de497 - Deposit or zone: Las Maras - Mining method: underground - Ownership percent: 100 % #### Resource Data - Category: inferred - Tonnes: 158000 - Grade: 1.94 - Grade Unit: g/t - Contained Metal: 0.01 - Contained Unit: moz - Cutoff Grade: 130 - Cutoff Unit: g/t AgEq #### Prior Estimate - Resource Date: 2026-09-10 #### Metal Equivalent - Assumptions Disclosed: Yes #### Lab - Laboratory: Actlabs #### Location - CRS: North American Datum 1983 / UTM Zone 15N - EPSG: 26915 - Loc. Confidence: inferred #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-14T00:00:00.000Z Reasoning: The Las Maras vein area includes a gold component in the Inferred resource, adding to the polymetallic nature of the project. - Positive factor: Gold contributes to the overall value of the resource. - Negative factor: Inferred category has lower geological confidence. Evidence · table > 1.94 Context: 158 #### 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 **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 **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/outcrop-silver-announces-updated-mineral-resource-estimate-for-the-santa-ana-pri--3ec62b98-e0cc-4e10-b147-8d5ff22eb324#fact-resource-facts-42) Santa Ana · silver #### Identity - Project: Santa Ana - Commodity: silver - Region: colombia - Reported Region: Colombia - Ticker: OCG #### Resource scope - Estimate type: resource - Effective date: 2026-09-10T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Warren Black - Resource group id: resource:1bf27641b43e1af4a307 - Deposit or zone: La Isabela - Mining method: underground - Ownership percent: 100 % #### Resource Data - Category: indicated - Tonnes: 9000 - Grade: 293.9 - Grade Unit: g/t - Contained Metal: 0.1 - Contained Unit: moz - Cutoff Grade: 130 - Cutoff Unit: g/t AgEq #### Prior Estimate - Resource Date: 2026-09-10 #### Metal Equivalent - Assumptions Disclosed: Yes #### Lab - Laboratory: Actlabs #### Location - CRS: North American Datum 1983 / UTM Zone 15N - EPSG: 26915 - Loc. Confidence: inferred #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-14T00:00:00.000Z Reasoning: The La Isabela vein area contributes a small Indicated resource with a good silver equivalent grade. - Positive factor: Indicated resource category provides higher confidence for future development. - Positive factor: High silver equivalent grade \(293.9 g/t AgEq\) for an underground resource. - Negative factor: Very small tonnage and contained metal. Evidence · table > 293.9 Context: 9 #### 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 **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 **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/outcrop-silver-announces-updated-mineral-resource-estimate-for-the-santa-ana-pri--3ec62b98-e0cc-4e10-b147-8d5ff22eb324#fact-resource-facts-43) Santa Ana · silver #### Identity - Project: Santa Ana - Commodity: silver - Region: colombia - Reported Region: Colombia - Ticker: OCG #### Resource scope - Estimate type: resource - Effective date: 2026-09-10T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Warren Black - Resource group id: resource:1bf27641b43e1af4a307 - Deposit or zone: La Isabela - Mining method: underground - Ownership percent: 100 % #### Resource Data - Category: indicated - Tonnes: 9000 - Grade: 205.6 - Grade Unit: g/t - Contained Metal: 0.1 - Contained Unit: moz - Cutoff Grade: 130 - Cutoff Unit: g/t AgEq #### Prior Estimate - Resource Date: 2026-09-10 #### Metal Equivalent - Assumptions Disclosed: Yes #### Lab - Laboratory: Actlabs #### Location - CRS: North American Datum 1983 / UTM Zone 15N - EPSG: 26915 - Loc. Confidence: inferred #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-14T00:00:00.000Z Reasoning: The La Isabela vein area contributes a small Indicated resource with a good silver grade. - Positive factor: Indicated resource category provides higher confidence for future development. - Positive factor: High silver grade \(205.6 g/t Ag\) for an underground resource, exceeding the 75th percentile for epithermal silver deposits. - Negative factor: Very small tonnage and contained metal. Evidence · table > 205.6 Context: 9 #### 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 **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 **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/outcrop-silver-announces-updated-mineral-resource-estimate-for-the-santa-ana-pri--3ec62b98-e0cc-4e10-b147-8d5ff22eb324#fact-resource-facts-44) Santa Ana · gold #### Identity - Project: Santa Ana - Commodity: gold - Region: colombia - Reported Region: Colombia - Ticker: OCG #### Resource scope - Estimate type: resource - Effective date: 2026-09-10T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Warren Black - Resource group id: resource:1bf27641b43e1af4a307 - Deposit or zone: La Isabela - Mining method: underground - Ownership percent: 100 % #### Resource Data - Category: indicated - Tonnes: 9000 - Grade: 1.12 - Grade Unit: g/t - Contained Metal: 0 - Contained Unit: moz - Cutoff Grade: 130 - Cutoff Unit: g/t AgEq #### Prior Estimate - Resource Date: 2026-09-10 #### Metal Equivalent - Assumptions Disclosed: Yes #### Lab - Laboratory: Actlabs #### Location - CRS: North American Datum 1983 / UTM Zone 15N - EPSG: 26915 - Loc. Confidence: inferred #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-14T00:00:00.000Z Reasoning: The La Isabela vein area includes a minor gold component in the Indicated resource. - Positive factor: Gold contributes to the overall value of the resource. - Negative factor: Very small tonnage and contained metal. Evidence · table > 1.12 Context: 9 #### 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 **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 **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/outcrop-silver-announces-updated-mineral-resource-estimate-for-the-santa-ana-pri--3ec62b98-e0cc-4e10-b147-8d5ff22eb324#fact-resource-facts-45) Santa Ana · silver #### Identity - Project: Santa Ana - Commodity: silver - Region: colombia - Reported Region: Colombia - Ticker: OCG #### Resource scope - Estimate type: resource - Effective date: 2026-09-10T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Warren Black - Resource group id: resource:d83465169a71c1632840 - Deposit or zone: La Isabela - Mining method: underground - Ownership percent: 100 % #### Resource Data - Category: inferred - Tonnes: 73000 - Grade: 249.2 - Grade Unit: g/t - Contained Metal: 0.6 - Contained Unit: moz - Cutoff Grade: 130 - Cutoff Unit: g/t AgEq #### Prior Estimate - Resource Date: 2026-09-10 #### Metal Equivalent - Assumptions Disclosed: Yes #### Lab - Laboratory: Actlabs #### Location - CRS: North American Datum 1983 / UTM Zone 15N - EPSG: 26915 - Loc. Confidence: inferred #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-14T00:00:00.000Z Reasoning: The La Isabela vein area contributes a moderate Inferred resource with a good silver equivalent grade, indicating some potential for future conversion. - Positive factor: Inferred resource tonnage and contained metal, indicating future growth potential. - Positive factor: High silver equivalent grade \(249.2 g/t AgEq\) for an underground resource. - Negative factor: Inferred category has lower geological confidence. Evidence · table > 249.2 Context: 73 #### 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 **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 **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/outcrop-silver-announces-updated-mineral-resource-estimate-for-the-santa-ana-pri--3ec62b98-e0cc-4e10-b147-8d5ff22eb324#fact-resource-facts-46) Santa Ana · silver #### Identity - Project: Santa Ana - Commodity: silver - Region: colombia - Reported Region: Colombia - Ticker: OCG #### Resource scope - Estimate type: resource - Effective date: 2026-09-10T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Warren Black - Resource group id: resource:d83465169a71c1632840 - Deposit or zone: La Isabela - Mining method: underground - Ownership percent: 100 % #### Resource Data - Category: inferred - Tonnes: 73000 - Grade: 170.7 - Grade Unit: g/t - Contained Metal: 0.4 - Contained Unit: moz - Cutoff Grade: 130 - Cutoff Unit: g/t AgEq #### Prior Estimate - Resource Date: 2026-09-10 #### Metal Equivalent - Assumptions Disclosed: Yes #### Lab - Laboratory: Actlabs #### Location - CRS: North American Datum 1983 / UTM Zone 15N - EPSG: 26915 - Loc. Confidence: inferred #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-14T00:00:00.000Z Reasoning: The La Isabela vein area contributes a moderate Inferred resource with a good silver grade, indicating some potential for future conversion. - Positive factor: Inferred resource tonnage and contained metal, indicating future growth potential. - Positive factor: High silver grade \(170.7 g/t Ag\) for an underground resource, exceeding the 75th percentile for epithermal silver deposits. - Negative factor: Inferred category has lower geological confidence. Evidence · table > 170.7 Context: 73 #### 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 **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 **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/outcrop-silver-announces-updated-mineral-resource-estimate-for-the-santa-ana-pri--3ec62b98-e0cc-4e10-b147-8d5ff22eb324#fact-resource-facts-47) Santa Ana · gold #### Identity - Project: Santa Ana - Commodity: gold - Region: colombia - Reported Region: Colombia - Ticker: OCG #### Resource scope - Estimate type: resource - Effective date: 2026-09-10T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Warren Black - Resource group id: resource:d83465169a71c1632840 - Deposit or zone: La Isabela - Mining method: underground - Ownership percent: 100 % #### Resource Data - Category: inferred - Tonnes: 73000 - Grade: 0.99 - Grade Unit: g/t - Contained Metal: 0.002 - Contained Unit: moz - Cutoff Grade: 130 - Cutoff Unit: g/t AgEq #### Prior Estimate - Resource Date: 2026-09-10 #### Metal Equivalent - Assumptions Disclosed: Yes #### Lab - Laboratory: Actlabs #### Location - CRS: North American Datum 1983 / UTM Zone 15N - EPSG: 26915 - Loc. Confidence: inferred #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-14T00:00:00.000Z Reasoning: The La Isabela vein area includes a minor gold component in the Inferred resource. - Positive factor: Gold contributes to the overall value of the resource. - Negative factor: Inferred category has lower geological confidence. Evidence · table > 0.99 Context: 73 #### 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 **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 **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/outcrop-silver-announces-updated-mineral-resource-estimate-for-the-santa-ana-pri--3ec62b98-e0cc-4e10-b147-8d5ff22eb324#fact-resource-facts-48) Santa Ana · silver #### Identity - Project: Santa Ana - Commodity: silver - Region: colombia - Reported Region: Colombia - Ticker: OCG #### Resource scope - Estimate type: resource - Effective date: 2026-09-10T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Warren Black - Resource group id: resource:3bafedf6a0e9d41cb4cc - Deposit or zone: Los Mangos - Mining method: underground - Ownership percent: 100 % #### Resource Data - Category: indicated - Tonnes: 170000 - Grade: 525.1 - Grade Unit: g/t - Contained Metal: 2.9 - Contained Unit: moz - Cutoff Grade: 130 - Cutoff Unit: g/t AgEq #### Prior Estimate - Resource Date: 2026-09-10 #### Metal Equivalent - Assumptions Disclosed: Yes #### Lab - Laboratory: Actlabs #### Location - CRS: North American Datum 1983 / UTM Zone 15N - EPSG: 26915 - Loc. Confidence: inferred #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-14T00:00:00.000Z Reasoning: The Los Mangos vein area contributes a high-grade Indicated resource, enhancing the overall project's value and confidence. - Positive factor: Indicated resource category provides higher confidence for future development. - Positive factor: High silver equivalent grade \(525.1 g/t AgEq\) for an underground resource. Evidence · table > 525.1 Context: 170 #### 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 **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 **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/outcrop-silver-announces-updated-mineral-resource-estimate-for-the-santa-ana-pri--3ec62b98-e0cc-4e10-b147-8d5ff22eb324#fact-resource-facts-49) Santa Ana · silver #### Identity - Project: Santa Ana - Commodity: silver - Region: colombia - Reported Region: Colombia - Ticker: OCG #### Resource scope - Estimate type: resource - Effective date: 2026-09-10T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Warren Black - Resource group id: resource:3bafedf6a0e9d41cb4cc - Deposit or zone: Los Mangos - Mining method: underground - Ownership percent: 100 % #### Resource Data - Category: indicated - Tonnes: 170000 - Grade: 397 - Grade Unit: g/t - Contained Metal: 2.2 - Contained Unit: moz - Cutoff Grade: 130 - Cutoff Unit: g/t AgEq #### Prior Estimate - Resource Date: 2026-09-10 #### Metal Equivalent - Assumptions Disclosed: Yes #### Lab - Laboratory: Actlabs #### Location - CRS: North American Datum 1983 / UTM Zone 15N - EPSG: 26915 - Loc. Confidence: inferred #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-14T00:00:00.000Z Reasoning: The Los Mangos vein area contributes a high-grade Indicated resource, enhancing the overall project's value and confidence. - Positive factor: Indicated resource category provides higher confidence for future development. - Positive factor: High silver grade \(397.0 g/t Ag\) for an underground resource, exceeding the 75th percentile for epithermal silver deposits. Evidence · table > 397.0 Context: 170 #### 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 **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 **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/outcrop-silver-announces-updated-mineral-resource-estimate-for-the-santa-ana-pri--3ec62b98-e0cc-4e10-b147-8d5ff22eb324#fact-resource-facts-50) Santa Ana · gold #### Identity - Project: Santa Ana - Commodity: gold - Region: colombia - Reported Region: Colombia - Ticker: OCG #### Resource scope - Estimate type: resource - Effective date: 2026-09-10T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Warren Black - Resource group id: resource:3bafedf6a0e9d41cb4cc - Deposit or zone: Los Mangos - Mining method: underground - Ownership percent: 100 % #### Resource Data - Category: indicated - Tonnes: 170000 - Grade: 1.62 - Grade Unit: g/t - Contained Metal: 0.009 - Contained Unit: moz - Cutoff Grade: 130 - Cutoff Unit: g/t AgEq #### Prior Estimate - Resource Date: 2026-09-10 #### Metal Equivalent - Assumptions Disclosed: Yes #### Lab - Laboratory: Actlabs #### Location - CRS: North American Datum 1983 / UTM Zone 15N - EPSG: 26915 - Loc. Confidence: inferred #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-14T00:00:00.000Z Reasoning: The Los Mangos vein area includes a gold component in the Indicated resource, adding to the polymetallic nature of the project. - Positive factor: Indicated resource category provides higher confidence for future development. - Positive factor: Gold contributes to the overall value of the resource. Evidence · table > 1.62 Context: 170 #### 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 **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 **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/outcrop-silver-announces-updated-mineral-resource-estimate-for-the-santa-ana-pri--3ec62b98-e0cc-4e10-b147-8d5ff22eb324#fact-resource-facts-51) Santa Ana · silver #### Identity - Project: Santa Ana - Commodity: silver - Region: colombia - Reported Region: Colombia - Ticker: OCG #### Resource scope - Estimate type: resource - Effective date: 2026-09-10T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Warren Black - Resource group id: resource:f086bd5cea5d6f3a307e - Deposit or zone: Los Mangos - Mining method: underground - Ownership percent: 100 % #### Resource Data - Category: inferred - Tonnes: 78000 - Grade: 547.4 - Grade Unit: g/t - Contained Metal: 1.4 - Contained Unit: moz - Cutoff Grade: 130 - Cutoff Unit: g/t AgEq #### Prior Estimate - Resource Date: 2026-09-10 #### Metal Equivalent - Assumptions Disclosed: Yes #### Lab - Laboratory: Actlabs #### Location - CRS: North American Datum 1983 / UTM Zone 15N - EPSG: 26915 - Loc. Confidence: inferred #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-14T00:00:00.000Z Reasoning: The Los Mangos vein area contributes a high-grade Inferred resource, indicating strong potential for future conversion to higher confidence categories. - Positive factor: Significant Inferred resource tonnage and contained metal, indicating future growth potential. - Positive factor: High silver equivalent grade \(547.4 g/t AgEq\) for an underground resource. - Negative factor: Inferred category has lower geological confidence. Evidence · table > 547.4 Context: 78 #### 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 **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 **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/outcrop-silver-announces-updated-mineral-resource-estimate-for-the-santa-ana-pri--3ec62b98-e0cc-4e10-b147-8d5ff22eb324#fact-resource-facts-52) Santa Ana · silver #### Identity - Project: Santa Ana - Commodity: silver - Region: colombia - Reported Region: Colombia - Ticker: OCG #### Resource scope - Estimate type: resource - Effective date: 2026-09-10T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Warren Black - Resource group id: resource:f086bd5cea5d6f3a307e - Deposit or zone: Los Mangos - Mining method: underground - Ownership percent: 100 % #### Resource Data - Category: inferred - Tonnes: 78000 - Grade: 487.6 - Grade Unit: g/t - Contained Metal: 1.2 - Contained Unit: moz - Cutoff Grade: 130 - Cutoff Unit: g/t AgEq #### Prior Estimate - Resource Date: 2026-09-10 #### Metal Equivalent - Assumptions Disclosed: Yes #### Lab - Laboratory: Actlabs #### Location - CRS: North American Datum 1983 / UTM Zone 15N - EPSG: 26915 - Loc. Confidence: inferred #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-14T00:00:00.000Z Reasoning: The Los Mangos vein area contributes a high-grade Inferred resource, indicating strong potential for future conversion to higher confidence categories. - Positive factor: Significant Inferred resource tonnage and contained metal, indicating future growth potential. - Positive factor: High silver grade \(487.6 g/t Ag\) for an underground resource, exceeding the 75th percentile for epithermal silver deposits. - Negative factor: Inferred category has lower geological confidence. Evidence · table > 487.6 Context: 78 #### 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 **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 **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/outcrop-silver-announces-updated-mineral-resource-estimate-for-the-santa-ana-pri--3ec62b98-e0cc-4e10-b147-8d5ff22eb324#fact-resource-facts-53) Santa Ana · gold #### Identity - Project: Santa Ana - Commodity: gold - Region: colombia - Reported Region: Colombia - Ticker: OCG #### Resource scope - Estimate type: resource - Effective date: 2026-09-10T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Warren Black - Resource group id: resource:f086bd5cea5d6f3a307e - Deposit or zone: Los Mangos - Mining method: underground - Ownership percent: 100 % #### Resource Data - Category: inferred - Tonnes: 78000 - Grade: 0.76 - Grade Unit: g/t - Contained Metal: 0.002 - Contained Unit: moz - Cutoff Grade: 130 - Cutoff Unit: g/t AgEq #### Prior Estimate - Resource Date: 2026-09-10 #### Metal Equivalent - Assumptions Disclosed: Yes #### Lab - Laboratory: Actlabs #### Location - CRS: North American Datum 1983 / UTM Zone 15N - EPSG: 26915 - Loc. Confidence: inferred #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-14T00:00:00.000Z Reasoning: The Los Mangos vein area includes a gold component in the Inferred resource, adding to the polymetallic nature of the project. - Positive factor: Gold contributes to the overall value of the resource. - Negative factor: Inferred category has lower geological confidence. Evidence · table > 0.76 Context: 78 #### 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 **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 **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/outcrop-silver-announces-updated-mineral-resource-estimate-for-the-santa-ana-pri--3ec62b98-e0cc-4e10-b147-8d5ff22eb324#fact-resource-facts-54) Santa Ana · silver #### Identity - Project: Santa Ana - Commodity: silver - Region: colombia - Reported Region: Colombia - Ticker: OCG #### Resource scope - Estimate type: resource - Effective date: 2026-09-10T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Warren Black - Resource group id: resource:bfb8c06c351828654fff - Deposit or zone: Los Naranjos - Mining method: underground - Ownership percent: 100 % #### Resource Data - Category: indicated - Tonnes: 177000 - Grade: 429.5 - Grade Unit: g/t - Contained Metal: 2.4 - Contained Unit: moz - Cutoff Grade: 95 - Cutoff Unit: g/t AgEq #### Prior Estimate - Resource Date: 2026-09-10 #### Metal Equivalent - Assumptions Disclosed: Yes #### Lab - Laboratory: Actlabs #### Location - CRS: North American Datum 1983 / UTM Zone 15N - EPSG: 26915 - Loc. Confidence: inferred #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-14T00:00:00.000Z Reasoning: The Los Naranjos vein area contributes a substantial Indicated resource with a high silver equivalent grade, enhancing the overall project's value and confidence. - Positive factor: Indicated resource category provides higher confidence for future development. - Positive factor: High silver equivalent grade \(429.5 g/t AgEq\) for an underground resource. Evidence · table > 429.5 Context: 177 #### 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 **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 **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/outcrop-silver-announces-updated-mineral-resource-estimate-for-the-santa-ana-pri--3ec62b98-e0cc-4e10-b147-8d5ff22eb324#fact-resource-facts-55) Santa Ana · silver #### Identity - Project: Santa Ana - Commodity: silver - Region: colombia - Reported Region: Colombia - Ticker: OCG #### Resource scope - Estimate type: resource - Effective date: 2026-09-10T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Warren Black - Resource group id: resource:bfb8c06c351828654fff - Deposit or zone: Los Naranjos - Mining method: underground - Ownership percent: 100 % #### Resource Data - Category: indicated - Tonnes: 177000 - Grade: 345.2 - Grade Unit: g/t - Contained Metal: 2 - Contained Unit: moz - Cutoff Grade: 95 - Cutoff Unit: g/t AgEq #### Prior Estimate - Resource Date: 2026-09-10 #### Metal Equivalent - Assumptions Disclosed: Yes #### Lab - Laboratory: Actlabs #### Location - CRS: North American Datum 1983 / UTM Zone 15N - EPSG: 26915 - Loc. Confidence: inferred #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-14T00:00:00.000Z Reasoning: The Los Naranjos vein area contributes a substantial Indicated resource with a high silver grade, enhancing the overall project's value and confidence. - Positive factor: Indicated resource category provides higher confidence for future development. - Positive factor: High silver grade \(345.2 g/t Ag\) for an underground resource, exceeding the 75th percentile for epithermal silver deposits. Evidence · table > 345.2 Context: 177 #### 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 **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 **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/outcrop-silver-announces-updated-mineral-resource-estimate-for-the-santa-ana-pri--3ec62b98-e0cc-4e10-b147-8d5ff22eb324#fact-resource-facts-56) Santa Ana · gold #### Identity - Project: Santa Ana - Commodity: gold - Region: colombia - Reported Region: Colombia - Ticker: OCG #### Resource scope - Estimate type: resource - Effective date: 2026-09-10T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Warren Black - Resource group id: resource:bfb8c06c351828654fff - Deposit or zone: Los Naranjos - Mining method: underground - Ownership percent: 100 % #### Resource Data - Category: indicated - Tonnes: 177000 - Grade: 1.07 - Grade Unit: g/t - Contained Metal: 0.006 - Contained Unit: moz - Cutoff Grade: 95 - Cutoff Unit: g/t AgEq #### Prior Estimate - Resource Date: 2026-09-10 #### Metal Equivalent - Assumptions Disclosed: Yes #### Lab - Laboratory: Actlabs #### Location - CRS: North American Datum 1983 / UTM Zone 15N - EPSG: 26915 - Loc. Confidence: inferred #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-14T00:00:00.000Z Reasoning: The Los Naranjos vein area includes a gold component in the Indicated resource, adding to the polymetallic nature of the project. - Positive factor: Indicated resource category provides higher confidence for future development. - Positive factor: Gold contributes to the overall value of the resource. Evidence · table > 1.07 Context: 177 #### 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 **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 **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/outcrop-silver-announces-updated-mineral-resource-estimate-for-the-santa-ana-pri--3ec62b98-e0cc-4e10-b147-8d5ff22eb324#fact-resource-facts-57) Santa Ana · silver #### Identity - Project: Santa Ana - Commodity: silver - Region: colombia - Reported Region: Colombia - Ticker: OCG #### Resource scope - Estimate type: resource - Effective date: 2026-09-10T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Warren Black - Resource group id: resource:3fdf7e745b91b4309ea9 - Deposit or zone: Los Naranjos - Mining method: underground - Ownership percent: 100 % #### Resource Data - Category: inferred - Tonnes: 90000 - Grade: 264 - Grade Unit: g/t - Contained Metal: 0.8 - Contained Unit: moz - Cutoff Grade: 95 - Cutoff Unit: g/t AgEq #### Prior Estimate - Resource Date: 2026-09-10 #### Metal Equivalent - Assumptions Disclosed: Yes #### Lab - Laboratory: Actlabs #### Location - CRS: North American Datum 1983 / UTM Zone 15N - EPSG: 26915 - Loc. Confidence: inferred #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-14T00:00:00.000Z Reasoning: The Los Naranjos vein area contributes a moderate Inferred resource with a good silver equivalent grade, indicating some potential for future conversion. - Positive factor: Inferred resource tonnage and contained metal, indicating future growth potential. - Positive factor: High silver equivalent grade \(264.0 g/t AgEq\) for an underground resource. - Negative factor: Inferred category has lower geological confidence. Evidence · table > 264.0 Context: 90 #### 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 **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 **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/outcrop-silver-announces-updated-mineral-resource-estimate-for-the-santa-ana-pri--3ec62b98-e0cc-4e10-b147-8d5ff22eb324#fact-resource-facts-58) Santa Ana · silver #### Identity - Project: Santa Ana - Commodity: silver - Region: colombia - Reported Region: Colombia - Ticker: OCG #### Resource scope - Estimate type: resource - Effective date: 2026-09-10T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Warren Black - Resource group id: resource:3fdf7e745b91b4309ea9 - Deposit or zone: Los Naranjos - Mining method: underground - Ownership percent: 100 % #### Resource Data - Category: inferred - Tonnes: 90000 - Grade: 215.4 - Grade Unit: g/t - Contained Metal: 0.6 - Contained Unit: moz - Cutoff Grade: 95 - Cutoff Unit: g/t AgEq #### Prior Estimate - Resource Date: 2026-09-10 #### Metal Equivalent - Assumptions Disclosed: Yes #### Lab - Laboratory: Actlabs #### Location - CRS: North American Datum 1983 / UTM Zone 15N - EPSG: 26915 - Loc. Confidence: inferred #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-14T00:00:00.000Z Reasoning: The Los Naranjos vein area contributes a moderate Inferred resource with a good silver grade, indicating some potential for future conversion. - Positive factor: Inferred resource tonnage and contained metal, indicating future growth potential. - Positive factor: High silver grade \(215.4 g/t Ag\) for an underground resource, exceeding the 75th percentile for epithermal silver deposits. - Negative factor: Inferred category has lower geological confidence. Evidence · table > 215.4 Context: 90 #### 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 **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 **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/outcrop-silver-announces-updated-mineral-resource-estimate-for-the-santa-ana-pri--3ec62b98-e0cc-4e10-b147-8d5ff22eb324#fact-resource-facts-59) Santa Ana · gold #### Identity - Project: Santa Ana - Commodity: gold - Region: colombia - Reported Region: Colombia - Ticker: OCG #### Resource scope - Estimate type: resource - Effective date: 2026-09-10T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Warren Black - Resource group id: resource:3fdf7e745b91b4309ea9 - Deposit or zone: Los Naranjos - Mining method: underground - Ownership percent: 100 % #### Resource Data - Category: inferred - Tonnes: 90000 - Grade: 0.62 - Grade Unit: g/t - Contained Metal: 0.002 - Contained Unit: moz - Cutoff Grade: 95 - Cutoff Unit: g/t AgEq #### Prior Estimate - Resource Date: 2026-09-10 #### Metal Equivalent - Assumptions Disclosed: Yes #### Lab - Laboratory: Actlabs #### Location - CRS: North American Datum 1983 / UTM Zone 15N - EPSG: 26915 - Loc. Confidence: inferred #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-14T00:00:00.000Z Reasoning: The Los Naranjos vein area includes a minor gold component in the Inferred resource. - Positive factor: Gold contributes to the overall value of the resource. - Negative factor: Inferred category has lower geological confidence. Evidence · table > 0.62 Context: 90 #### 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 **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 **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/outcrop-silver-announces-updated-mineral-resource-estimate-for-the-santa-ana-pri--3ec62b98-e0cc-4e10-b147-8d5ff22eb324#fact-resource-facts-60) Santa Ana · silver #### Identity - Project: Santa Ana - Commodity: silver - Region: colombia - Reported Region: Colombia - Ticker: OCG #### Resource scope - Estimate type: resource - Effective date: 2026-09-10T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Warren Black - Resource group id: resource:852e5c0fd2479acbd6fe - Deposit or zone: Morena - Mining method: underground - Ownership percent: 100 % #### Resource Data - Category: indicated - Tonnes: 19000 - Grade: 325 - Grade Unit: g/t - Contained Metal: 0.2 - Contained Unit: moz - Cutoff Grade: 130 - Cutoff Unit: g/t AgEq #### Prior Estimate - Resource Date: 2026-09-10 #### Metal Equivalent - Assumptions Disclosed: Yes #### Lab - Laboratory: Actlabs #### Location - CRS: North American Datum 1983 / UTM Zone 15N - EPSG: 26915 - Loc. Confidence: inferred #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-14T00:00:00.000Z Reasoning: The Morena vein area contributes a small Indicated resource with a good silver equivalent grade. - Positive factor: Indicated resource category provides higher confidence for future development. - Positive factor: High silver equivalent grade \(325.0 g/t AgEq\) for an underground resource. - Negative factor: Small tonnage and contained metal. Evidence · table > 325.0 Context: 19 #### 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 **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 **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/outcrop-silver-announces-updated-mineral-resource-estimate-for-the-santa-ana-pri--3ec62b98-e0cc-4e10-b147-8d5ff22eb324#fact-resource-facts-61) Santa Ana · silver #### Identity - Project: Santa Ana - Commodity: silver - Region: colombia - Reported Region: Colombia - Ticker: OCG #### Resource scope - Estimate type: resource - Effective date: 2026-09-10T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Warren Black - Resource group id: resource:852e5c0fd2479acbd6fe - Deposit or zone: Morena - Mining method: underground - Ownership percent: 100 % #### Resource Data - Category: indicated - Tonnes: 19000 - Grade: 268.6 - Grade Unit: g/t - Contained Metal: 0.2 - Contained Unit: moz - Cutoff Grade: 130 - Cutoff Unit: g/t AgEq #### Prior Estimate - Resource Date: 2026-09-10 #### Metal Equivalent - Assumptions Disclosed: Yes #### Lab - Laboratory: Actlabs #### Location - CRS: North American Datum 1983 / UTM Zone 15N - EPSG: 26915 - Loc. Confidence: inferred #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-14T00:00:00.000Z Reasoning: The Morena vein area contributes a small Indicated resource with a good silver grade. - Positive factor: Indicated resource category provides higher confidence for future development. - Positive factor: High silver grade \(268.6 g/t Ag\) for an underground resource, exceeding the 75th percentile for epithermal silver deposits. - Negative factor: Small tonnage and contained metal. Evidence · table > 268.6 Context: 19 #### 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 **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 **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/outcrop-silver-announces-updated-mineral-resource-estimate-for-the-santa-ana-pri--3ec62b98-e0cc-4e10-b147-8d5ff22eb324#fact-resource-facts-62) Santa Ana · gold #### Identity - Project: Santa Ana - Commodity: gold - Region: colombia - Reported Region: Colombia - Ticker: OCG #### Resource scope - Estimate type: resource - Effective date: 2026-09-10T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Warren Black - Resource group id: resource:852e5c0fd2479acbd6fe - Deposit or zone: Morena - Mining method: underground - Ownership percent: 100 % #### Resource Data - Category: indicated - Tonnes: 19000 - Grade: 0.71 - Grade Unit: g/t - Contained Metal: 0 - Contained Unit: moz - Cutoff Grade: 130 - Cutoff Unit: g/t AgEq #### Prior Estimate - Resource Date: 2026-09-10 #### Metal Equivalent - Assumptions Disclosed: Yes #### Lab - Laboratory: Actlabs #### Location - CRS: North American Datum 1983 / UTM Zone 15N - EPSG: 26915 - Loc. Confidence: inferred #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-14T00:00:00.000Z Reasoning: The Morena vein area includes a minor gold component in the Indicated resource. - Positive factor: Gold contributes to the overall value of the resource. - Negative factor: Small tonnage and contained metal. Evidence · table > 0.71 Context: 19 #### 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 **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 **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/outcrop-silver-announces-updated-mineral-resource-estimate-for-the-santa-ana-pri--3ec62b98-e0cc-4e10-b147-8d5ff22eb324#fact-resource-facts-63) Santa Ana · silver #### Identity - Project: Santa Ana - Commodity: silver - Region: colombia - Reported Region: Colombia - Ticker: OCG #### Resource scope - Estimate type: resource - Effective date: 2026-09-10T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Warren Black - Resource group id: resource:794274b91da1dc772842 - Deposit or zone: Morena - Mining method: underground - Ownership percent: 100 % #### Resource Data - Category: inferred - Tonnes: 136000 - Grade: 382.2 - Grade Unit: g/t - Contained Metal: 1.7 - Contained Unit: moz - Cutoff Grade: 130 - Cutoff Unit: g/t AgEq #### Prior Estimate - Resource Date: 2026-09-10 #### Metal Equivalent - Assumptions Disclosed: Yes #### Lab - Laboratory: Actlabs #### Location - CRS: North American Datum 1983 / UTM Zone 15N - EPSG: 26915 - Loc. Confidence: inferred #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-14T00:00:00.000Z Reasoning: The Morena vein area contributes a substantial Inferred resource with a high silver equivalent grade, indicating strong potential for future conversion to higher confidence categories. - Positive factor: Significant Inferred resource tonnage and contained metal, indicating future growth potential. - Positive factor: High silver equivalent grade \(382.2 g/t AgEq\) for an underground resource. - Negative factor: Inferred category has lower geological confidence. Evidence · table > 382.2 Context: 136 #### 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 **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 **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/outcrop-silver-announces-updated-mineral-resource-estimate-for-the-santa-ana-pri--3ec62b98-e0cc-4e10-b147-8d5ff22eb324#fact-resource-facts-64) Santa Ana · silver #### Identity - Project: Santa Ana - Commodity: silver - Region: colombia - Reported Region: Colombia - Ticker: OCG #### Resource scope - Estimate type: resource - Effective date: 2026-09-10T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Warren Black - Resource group id: resource:794274b91da1dc772842 - Deposit or zone: Morena - Mining method: underground - Ownership percent: 100 % #### Resource Data - Category: inferred - Tonnes: 136000 - Grade: 285.2 - Grade Unit: g/t - Contained Metal: 1.2 - Contained Unit: moz - Cutoff Grade: 130 - Cutoff Unit: g/t AgEq #### Prior Estimate - Resource Date: 2026-09-10 #### Metal Equivalent - Assumptions Disclosed: Yes #### Lab - Laboratory: Actlabs #### Location - CRS: North American Datum 1983 / UTM Zone 15N - EPSG: 26915 - Loc. Confidence: inferred #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-14T00:00:00.000Z Reasoning: The Morena vein area contributes a substantial Inferred resource with a high silver grade, indicating strong potential for future conversion to higher confidence categories. - Positive factor: Significant Inferred resource tonnage and contained metal, indicating future growth potential. - Positive factor: High silver grade \(285.2 g/t Ag\) for an underground resource, exceeding the 75th percentile for epithermal silver deposits. - Negative factor: Inferred category has lower geological confidence. Evidence · table > 285.2 Context: 136 #### 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 **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 **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/outcrop-silver-announces-updated-mineral-resource-estimate-for-the-santa-ana-pri--3ec62b98-e0cc-4e10-b147-8d5ff22eb324#fact-resource-facts-65) Santa Ana · gold #### Identity - Project: Santa Ana - Commodity: gold - Region: colombia - Reported Region: Colombia - Ticker: OCG #### Resource scope - Estimate type: resource - Effective date: 2026-09-10T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Warren Black - Resource group id: resource:794274b91da1dc772842 - Deposit or zone: Morena - Mining method: underground - Ownership percent: 100 % #### Resource Data - Category: inferred - Tonnes: 136000 - Grade: 1.23 - Grade Unit: g/t - Contained Metal: 0.005 - Contained Unit: moz - Cutoff Grade: 130 - Cutoff Unit: g/t AgEq #### Prior Estimate - Resource Date: 2026-09-10 #### Metal Equivalent - Assumptions Disclosed: Yes #### Lab - Laboratory: Actlabs #### Location - CRS: North American Datum 1983 / UTM Zone 15N - EPSG: 26915 - Loc. Confidence: inferred #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-14T00:00:00.000Z Reasoning: The Morena vein area includes a gold component in the Inferred resource, adding to the polymetallic nature of the project. - Positive factor: Gold contributes to the overall value of the resource. - Negative factor: Inferred category has lower geological confidence. Evidence · table > 1.23 Context: 136 #### 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 **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 **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/outcrop-silver-announces-updated-mineral-resource-estimate-for-the-santa-ana-pri--3ec62b98-e0cc-4e10-b147-8d5ff22eb324#fact-resource-facts-66) Santa Ana · silver #### Identity - Project: Santa Ana - Commodity: silver - Region: colombia - Reported Region: Colombia - Ticker: OCG #### Resource scope - Estimate type: resource - Effective date: 2026-09-10T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Warren Black - Resource group id: resource:7f4070e44fd46c8c302b - Deposit or zone: Paraíso - Mining method: underground - Ownership percent: 100 % #### Resource Data - Category: indicated - Tonnes: 155000 - Grade: 634.4 - Grade Unit: g/t - Contained Metal: 3.2 - Contained Unit: moz - Cutoff Grade: 130 - Cutoff Unit: g/t AgEq #### Prior Estimate - Resource Date: 2026-09-10 #### Metal Equivalent - Assumptions Disclosed: Yes #### Lab - Laboratory: Actlabs #### Location - CRS: North American Datum 1983 / UTM Zone 15N - EPSG: 26915 - Loc. Confidence: inferred #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-14T00:00:00.000Z Reasoning: The Paraíso vein area contributes a high-grade Indicated resource, enhancing the overall project's value and confidence. - Positive factor: Indicated resource category provides higher confidence for future development. - Positive factor: High silver equivalent grade \(634.4 g/t AgEq\) for an underground resource. Evidence · table > 634.4 Context: 155 #### 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 **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 **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/outcrop-silver-announces-updated-mineral-resource-estimate-for-the-santa-ana-pri--3ec62b98-e0cc-4e10-b147-8d5ff22eb324#fact-resource-facts-67) Santa Ana · silver #### Identity - Project: Santa Ana - Commodity: silver - Region: colombia - Reported Region: Colombia - Ticker: OCG #### Resource scope - Estimate type: resource - Effective date: 2026-09-10T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Warren Black - Resource group id: resource:7f4070e44fd46c8c302b - Deposit or zone: Paraíso - Mining method: underground - Ownership percent: 100 % #### Resource Data - Category: indicated - Tonnes: 155000 - Grade: 319.7 - Grade Unit: g/t - Contained Metal: 1.6 - Contained Unit: moz - Cutoff Grade: 130 - Cutoff Unit: g/t AgEq #### Prior Estimate - Resource Date: 2026-09-10 #### Metal Equivalent - Assumptions Disclosed: Yes #### Lab - Laboratory: Actlabs #### Location - CRS: North American Datum 1983 / UTM Zone 15N - EPSG: 26915 - Loc. Confidence: inferred #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-14T00:00:00.000Z Reasoning: The Paraíso vein area contributes a high-grade Indicated resource, enhancing the overall project's value and confidence. - Positive factor: Indicated resource category provides higher confidence for future development. - Positive factor: High silver grade \(319.7 g/t Ag\) for an underground resource, exceeding the 75th percentile for epithermal silver deposits. Evidence · table > 319.7 Context: 155 #### 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 **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 **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/outcrop-silver-announces-updated-mineral-resource-estimate-for-the-santa-ana-pri--3ec62b98-e0cc-4e10-b147-8d5ff22eb324#fact-resource-facts-68) Santa Ana · gold #### Identity - Project: Santa Ana - Commodity: gold - Region: colombia - Reported Region: Colombia - Ticker: OCG #### Resource scope - Estimate type: resource - Effective date: 2026-09-10T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Warren Black - Resource group id: resource:7f4070e44fd46c8c302b - Deposit or zone: Paraíso - Mining method: underground - Ownership percent: 100 % #### Resource Data - Category: indicated - Tonnes: 155000 - Grade: 3.98 - Grade Unit: g/t - Contained Metal: 0.02 - Contained Unit: moz - Cutoff Grade: 130 - Cutoff Unit: g/t AgEq #### Prior Estimate - Resource Date: 2026-09-10 #### Metal Equivalent - Assumptions Disclosed: Yes #### Lab - Laboratory: Actlabs #### Location - CRS: North American Datum 1983 / UTM Zone 15N - EPSG: 26915 - Loc. Confidence: inferred #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-14T00:00:00.000Z Reasoning: The Paraíso vein area includes a significant gold component in the Indicated resource, adding to the polymetallic nature of the project. - Positive factor: Indicated resource category provides higher confidence for future development. - Positive factor: Significant gold grade \(3.98 g/t Au\) contributes to the overall value of the resource. Evidence · table > 3.98 Context: 155 #### 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 **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 **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/outcrop-silver-announces-updated-mineral-resource-estimate-for-the-santa-ana-pri--3ec62b98-e0cc-4e10-b147-8d5ff22eb324#fact-resource-facts-69) Santa Ana · silver #### Identity - Project: Santa Ana - Commodity: silver - Region: colombia - Reported Region: Colombia - Ticker: OCG #### Resource scope - Estimate type: resource - Effective date: 2026-09-10T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Warren Black - Resource group id: resource:0b9bf6b77e369f85f700 - Deposit or zone: Paraíso - Mining method: underground - Ownership percent: 100 % #### Resource Data - Category: inferred - Tonnes: 201000 - Grade: 333.4 - Grade Unit: g/t - Contained Metal: 2.2 - Contained Unit: moz - Cutoff Grade: 130 - Cutoff Unit: g/t AgEq #### Prior Estimate - Resource Date: 2026-09-10 #### Metal Equivalent - Assumptions Disclosed: Yes #### Lab - Laboratory: Actlabs #### Location - CRS: North American Datum 1983 / UTM Zone 15N - EPSG: 26915 - Loc. Confidence: inferred #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-14T00:00:00.000Z Reasoning: The Paraíso vein area contributes a substantial Inferred resource with a high silver equivalent grade, indicating strong potential for future conversion to higher confidence categories. - Positive factor: Significant Inferred resource tonnage and contained metal, indicating future growth potential. - Positive factor: High silver equivalent grade \(333.4 g/t AgEq\) for an underground resource. - Negative factor: Inferred category has lower geological confidence. Evidence · table > 333.4 Context: 201 #### 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 **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 **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/outcrop-silver-announces-updated-mineral-resource-estimate-for-the-santa-ana-pri--3ec62b98-e0cc-4e10-b147-8d5ff22eb324#fact-resource-facts-70) Santa Ana · silver #### Identity - Project: Santa Ana - Commodity: silver - Region: colombia - Reported Region: Colombia - Ticker: OCG #### Resource scope - Estimate type: resource - Effective date: 2026-09-10T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Warren Black - Resource group id: resource:0b9bf6b77e369f85f700 - Deposit or zone: Paraíso - Mining method: underground - Ownership percent: 100 % #### Resource Data - Category: inferred - Tonnes: 201000 - Grade: 183.5 - Grade Unit: g/t - Contained Metal: 1.2 - Contained Unit: moz - Cutoff Grade: 130 - Cutoff Unit: g/t AgEq #### Prior Estimate - Resource Date: 2026-09-10 #### Metal Equivalent - Assumptions Disclosed: Yes #### Lab - Laboratory: Actlabs #### Location - CRS: North American Datum 1983 / UTM Zone 15N - EPSG: 26915 - Loc. Confidence: inferred #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-14T00:00:00.000Z Reasoning: The Paraíso vein area contributes a substantial Inferred resource with a high silver grade, indicating strong potential for future conversion to higher confidence categories. - Positive factor: Significant Inferred resource tonnage and contained metal, indicating future growth potential. - Positive factor: High silver grade \(183.5 g/t Ag\) for an underground resource, exceeding the 75th percentile for epithermal silver deposits. - Negative factor: Inferred category has lower geological confidence. Evidence · table > 183.5 Context: 201 #### 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 **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 **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/outcrop-silver-announces-updated-mineral-resource-estimate-for-the-santa-ana-pri--3ec62b98-e0cc-4e10-b147-8d5ff22eb324#fact-resource-facts-71) Santa Ana · gold #### Identity - Project: Santa Ana - Commodity: gold - Region: colombia - Reported Region: Colombia - Ticker: OCG #### Resource scope - Estimate type: resource - Effective date: 2026-09-10T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Warren Black - Resource group id: resource:0b9bf6b77e369f85f700 - Deposit or zone: Paraíso - Mining method: underground - Ownership percent: 100 % #### Resource Data - Category: inferred - Tonnes: 201000 - Grade: 1.9 - Grade Unit: g/t - Contained Metal: 0.012 - Contained Unit: moz - Cutoff Grade: 130 - Cutoff Unit: g/t AgEq #### Prior Estimate - Resource Date: 2026-09-10 #### Metal Equivalent - Assumptions Disclosed: Yes #### Lab - Laboratory: Actlabs #### Location - CRS: North American Datum 1983 / UTM Zone 15N - EPSG: 26915 - Loc. Confidence: inferred #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-14T00:00:00.000Z Reasoning: The Paraíso vein area includes a gold component in the Inferred resource, adding to the polymetallic nature of the project. - Positive factor: Gold contributes to the overall value of the resource. - Negative factor: Inferred category has lower geological confidence. Evidence · table > 1.90 Context: 201 #### 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 **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 **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/outcrop-silver-announces-updated-mineral-resource-estimate-for-the-santa-ana-pri--3ec62b98-e0cc-4e10-b147-8d5ff22eb324#fact-resource-facts-72) Santa Ana · silver #### Identity - Project: Santa Ana - Commodity: silver - Region: colombia - Reported Region: Colombia - Ticker: OCG #### Resource scope - Estimate type: resource - Effective date: 2026-09-10T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Warren Black - Resource group id: resource:bef0519edfa1ef41d5b2 - Deposit or zone: Santa Ana - Mining method: underground - Ownership percent: 100 % #### Resource Data - Category: indicated - Tonnes: 176000 - Grade: 446.4 - Grade Unit: g/t - Contained Metal: 2.5 - Contained Unit: moz - Cutoff Grade: 95 - Cutoff Unit: g/t AgEq #### Prior Estimate - Resource Date: 2026-09-10 #### Metal Equivalent - Assumptions Disclosed: Yes #### Lab - Laboratory: Actlabs #### Location - CRS: North American Datum 1983 / UTM Zone 15N - EPSG: 26915 - Loc. Confidence: inferred #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-14T00:00:00.000Z Reasoning: The Santa Ana vein area contributes a substantial Indicated resource with a high silver equivalent grade, enhancing the overall project's value and confidence. - Positive factor: Indicated resource category provides higher confidence for future development. - Positive factor: High silver equivalent grade \(446.4 g/t AgEq\) for an underground resource. Evidence · table > 446.4 Context: 176 #### 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 **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 **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/outcrop-silver-announces-updated-mineral-resource-estimate-for-the-santa-ana-pri--3ec62b98-e0cc-4e10-b147-8d5ff22eb324#fact-resource-facts-73) Santa Ana · silver #### Identity - Project: Santa Ana - Commodity: silver - Region: colombia - Reported Region: Colombia - Ticker: OCG #### Resource scope - Estimate type: resource - Effective date: 2026-09-10T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Warren Black - Resource group id: resource:bef0519edfa1ef41d5b2 - Deposit or zone: Santa Ana - Mining method: underground - Ownership percent: 100 % #### Resource Data - Category: indicated - Tonnes: 176000 - Grade: 357.9 - Grade Unit: g/t - Contained Metal: 2 - Contained Unit: moz - Cutoff Grade: 95 - Cutoff Unit: g/t AgEq #### Prior Estimate - Resource Date: 2026-09-10 #### Metal Equivalent - Assumptions Disclosed: Yes #### Lab - Laboratory: Actlabs #### Location - CRS: North American Datum 1983 / UTM Zone 15N - EPSG: 26915 - Loc. Confidence: inferred #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-14T00:00:00.000Z Reasoning: The Santa Ana vein area contributes a substantial Indicated resource with a high silver grade, enhancing the overall project's value and confidence. - Positive factor: Indicated resource category provides higher confidence for future development. - Positive factor: High silver grade \(357.9 g/t Ag\) for an underground resource, exceeding the 75th percentile for epithermal silver deposits. Evidence · table > 357.9 Context: 176 #### 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 **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 **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/outcrop-silver-announces-updated-mineral-resource-estimate-for-the-santa-ana-pri--3ec62b98-e0cc-4e10-b147-8d5ff22eb324#fact-resource-facts-74) Santa Ana · gold #### Identity - Project: Santa Ana - Commodity: gold - Region: colombia - Reported Region: Colombia - Ticker: OCG #### Resource scope - Estimate type: resource - Effective date: 2026-09-10T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Warren Black - Resource group id: resource:bef0519edfa1ef41d5b2 - Deposit or zone: Santa Ana - Mining method: underground - Ownership percent: 100 % #### Resource Data - Category: indicated - Tonnes: 176000 - Grade: 1.12 - Grade Unit: g/t - Contained Metal: 0.006 - Contained Unit: moz - Cutoff Grade: 95 - Cutoff Unit: g/t AgEq #### Prior Estimate - Resource Date: 2026-09-10 #### Metal Equivalent - Assumptions Disclosed: Yes #### Lab - Laboratory: Actlabs #### Location - CRS: North American Datum 1983 / UTM Zone 15N - EPSG: 26915 - Loc. Confidence: inferred #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-14T00:00:00.000Z Reasoning: The Santa Ana vein area includes a gold component in the Indicated resource, adding to the polymetallic nature of the project. - Positive factor: Indicated resource category provides higher confidence for future development. - Positive factor: Gold contributes to the overall value of the resource. Evidence · table > 1.12 Context: 176 #### 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 **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 **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/outcrop-silver-announces-updated-mineral-resource-estimate-for-the-santa-ana-pri--3ec62b98-e0cc-4e10-b147-8d5ff22eb324#fact-resource-facts-75) Santa Ana · silver #### Identity - Project: Santa Ana - Commodity: silver - Region: colombia - Reported Region: Colombia - Ticker: OCG #### Resource scope - Estimate type: resource - Effective date: 2026-09-10T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Warren Black - Resource group id: resource:85648302012606bb87ce - Deposit or zone: Santa Ana - Mining method: underground - Ownership percent: 100 % #### Resource Data - Category: inferred - Tonnes: 426000 - Grade: 319.9 - Grade Unit: g/t - Contained Metal: 4.4 - Contained Unit: moz - Cutoff Grade: 95 - Cutoff Unit: g/t AgEq #### Prior Estimate - Resource Date: 2026-09-10 #### Metal Equivalent - Assumptions Disclosed: Yes #### Lab - Laboratory: Actlabs #### Location - CRS: North American Datum 1983 / UTM Zone 15N - EPSG: 26915 - Loc. Confidence: inferred #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-14T00:00:00.000Z Reasoning: The Santa Ana vein area contributes a substantial Inferred resource with a high silver equivalent grade, indicating strong potential for future conversion to higher confidence categories. - Positive factor: Significant Inferred resource tonnage and contained metal, indicating future growth potential. - Positive factor: High silver equivalent grade \(319.9 g/t AgEq\) for an underground resource. - Negative factor: Inferred category has lower geological confidence. Evidence · table > 319.9 Context: 426 #### 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 **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 **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/outcrop-silver-announces-updated-mineral-resource-estimate-for-the-santa-ana-pri--3ec62b98-e0cc-4e10-b147-8d5ff22eb324#fact-resource-facts-76) Santa Ana · silver #### Identity - Project: Santa Ana - Commodity: silver - Region: colombia - Reported Region: Colombia - Ticker: OCG #### Resource scope - Estimate type: resource - Effective date: 2026-09-10T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Warren Black - Resource group id: resource:85648302012606bb87ce - Deposit or zone: Santa Ana - Mining method: underground - Ownership percent: 100 % #### Resource Data - Category: inferred - Tonnes: 426000 - Grade: 263.2 - Grade Unit: g/t - Contained Metal: 3.6 - Contained Unit: moz - Cutoff Grade: 95 - Cutoff Unit: g/t AgEq #### Prior Estimate - Resource Date: 2026-09-10 #### Metal Equivalent - Assumptions Disclosed: Yes #### Lab - Laboratory: Actlabs #### Location - CRS: North American Datum 1983 / UTM Zone 15N - EPSG: 26915 - Loc. Confidence: inferred #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-14T00:00:00.000Z Reasoning: The Santa Ana vein area contributes a substantial Inferred resource with a high silver grade, indicating strong potential for future conversion to higher confidence categories. - Positive factor: Significant Inferred resource tonnage and contained metal, indicating future growth potential. - Positive factor: High silver grade \(263.2 g/t Ag\) for an underground resource, exceeding the 75th percentile for epithermal silver deposits. - Negative factor: Inferred category has lower geological confidence. Evidence · table > 263.2 Context: 426 #### 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 **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 **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/outcrop-silver-announces-updated-mineral-resource-estimate-for-the-santa-ana-pri--3ec62b98-e0cc-4e10-b147-8d5ff22eb324#fact-resource-facts-77) Santa Ana · gold #### Identity - Project: Santa Ana - Commodity: gold - Region: colombia - Reported Region: Colombia - Ticker: OCG #### Resource scope - Estimate type: resource - Effective date: 2026-09-10T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Warren Black - Resource group id: resource:85648302012606bb87ce - Deposit or zone: Santa Ana - Mining method: underground - Ownership percent: 100 % #### Resource Data - Category: inferred - Tonnes: 426000 - Grade: 0.72 - Grade Unit: g/t - Contained Metal: 0.01 - Contained Unit: moz - Cutoff Grade: 95 - Cutoff Unit: g/t AgEq #### Prior Estimate - Resource Date: 2026-09-10 #### Metal Equivalent - Assumptions Disclosed: Yes #### Lab - Laboratory: Actlabs #### Location - CRS: North American Datum 1983 / UTM Zone 15N - EPSG: 26915 - Loc. Confidence: inferred #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-14T00:00:00.000Z Reasoning: The Santa Ana vein area includes a gold component in the Inferred resource, adding to the polymetallic nature of the project. - Positive factor: Gold contributes to the overall value of the resource. - Negative factor: Inferred category has lower geological confidence. Evidence · table > 0.72 Context: 426 #### 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 **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 **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/outcrop-silver-announces-updated-mineral-resource-estimate-for-the-santa-ana-pri--3ec62b98-e0cc-4e10-b147-8d5ff22eb324#fact-resource-facts-78) Santa Ana · silver #### Identity - Project: Santa Ana - Commodity: silver - Region: colombia - Reported Region: Colombia - Ticker: OCG #### Resource scope - Estimate type: resource - Effective date: 2026-09-10T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Warren Black - Resource group id: resource:856f52d125a3471bfb6d - Deposit or zone: Total - Mining method: underground - Ownership percent: 100 % #### Resource Data - Category: indicated - Tonnes: 1793000 - Grade: 518.7 - Grade Unit: g/t - Contained Metal: 29.9 - Contained Unit: moz #### Prior Estimate - Resource Date: 2026-09-10 #### Metal Equivalent - Assumptions Disclosed: Yes #### Lab - Laboratory: Actlabs #### Location - CRS: North American Datum 1983 / UTM Zone 15N - EPSG: 26915 - Loc. Confidence: inferred #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-14T00:00:00.000Z Reasoning: The total Indicated resource demonstrates significant contained silver equivalent ounces at a high average grade, providing strong confidence for the project's economic potential. - Positive factor: Substantial Indicated resource \(1.79 Mt\) with high contained metal \(29.9 Moz AgEq\). - Positive factor: High average silver equivalent grade \(518.7 g/t AgEq\) for an underground resource. - Positive factor: Indicated category provides higher confidence for future development. - Negative factor: The total resource is derived from areas with two different cut-off grades \(95 g/t AgEq and 130 g/t AgEq\). Evidence · table > 518.7 Context: 1,793 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **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 **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/outcrop-silver-announces-updated-mineral-resource-estimate-for-the-santa-ana-pri--3ec62b98-e0cc-4e10-b147-8d5ff22eb324#fact-resource-facts-79) Santa Ana · silver #### Identity - Project: Santa Ana - Commodity: silver - Region: colombia - Reported Region: Colombia - Ticker: OCG #### Resource scope - Estimate type: resource - Effective date: 2026-09-10T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Warren Black - Resource group id: resource:856f52d125a3471bfb6d - Deposit or zone: Total - Mining method: underground - Ownership percent: 100 % #### Resource Data - Category: indicated - Tonnes: 1793000 - Grade: 376.4 - Grade Unit: g/t - Contained Metal: 21.7 - Contained Unit: moz #### Prior Estimate - Resource Date: 2026-09-10 #### Metal Equivalent - Assumptions Disclosed: Yes #### Lab - Laboratory: Actlabs #### Location - CRS: North American Datum 1983 / UTM Zone 15N - EPSG: 26915 - Loc. Confidence: inferred #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-14T00:00:00.000Z Reasoning: The total Indicated resource demonstrates significant contained silver ounces at a high average grade, providing strong confidence for the project's economic potential. - Positive factor: Substantial Indicated resource \(1.79 Mt\) with high contained metal \(21.7 Moz Ag\). - Positive factor: High average silver grade \(376.4 g/t Ag\) for an underground resource, well above the 75th percentile for epithermal silver deposits. - Positive factor: Indicated category provides higher confidence for future development. - Negative factor: The total resource is derived from areas with two different cut-off grades \(95 g/t AgEq and 130 g/t AgEq\). Evidence · table > 376.4 Context: 1,793 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **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 **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/outcrop-silver-announces-updated-mineral-resource-estimate-for-the-santa-ana-pri--3ec62b98-e0cc-4e10-b147-8d5ff22eb324#fact-resource-facts-80) Santa Ana · gold #### Identity - Project: Santa Ana - Commodity: gold - Region: colombia - Reported Region: Colombia - Ticker: OCG #### Resource scope - Estimate type: resource - Effective date: 2026-09-10T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Warren Black - Resource group id: resource:856f52d125a3471bfb6d - Deposit or zone: Total - Mining method: underground - Ownership percent: 100 % #### Resource Data - Category: indicated - Tonnes: 1793000 - Grade: 1.8 - Grade Unit: g/t - Contained Metal: 0.104 - Contained Unit: moz #### Prior Estimate - Resource Date: 2026-09-10 #### Metal Equivalent - Assumptions Disclosed: Yes #### Lab - Laboratory: Actlabs #### Location - CRS: North American Datum 1983 / UTM Zone 15N - EPSG: 26915 - Loc. Confidence: inferred #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-14T00:00:00.000Z Reasoning: The total Indicated resource includes a significant gold component, adding to the polymetallic nature and overall value of the project. - Positive factor: Indicated resource category provides higher confidence for future development. - Positive factor: Gold contributes to the overall value of the resource. - Negative factor: The total resource is derived from areas with two different cut-off grades \(95 g/t AgEq and 130 g/t AgEq\). Evidence · table > 1.80 Context: 1,793 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **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 **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/outcrop-silver-announces-updated-mineral-resource-estimate-for-the-santa-ana-pri--3ec62b98-e0cc-4e10-b147-8d5ff22eb324#fact-resource-facts-81) Santa Ana · silver #### Identity - Project: Santa Ana - Commodity: silver - Region: colombia - Reported Region: Colombia - Ticker: OCG #### Resource scope - Estimate type: resource - Effective date: 2026-09-10T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Warren Black - Resource group id: resource:1993b38ab28dbd5c281c - Deposit or zone: Total - Mining method: underground - Ownership percent: 100 % #### Resource Data - Category: inferred - Tonnes: 2352000 - Grade: 368.5 - Grade Unit: g/t - Contained Metal: 27.9 - Contained Unit: moz #### Prior Estimate - Resource Date: 2026-09-10 #### Metal Equivalent - Assumptions Disclosed: Yes #### Lab - Laboratory: Actlabs #### Location - CRS: North American Datum 1983 / UTM Zone 15N - EPSG: 26915 - Loc. Confidence: inferred #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-14T00:00:00.000Z Reasoning: The total Inferred resource demonstrates significant contained silver equivalent ounces at a high average grade, indicating strong potential for future conversion to higher confidence categories. - Positive factor: Substantial Inferred resource \(2.35 Mt\) with high contained metal \(27.9 Moz AgEq\), indicating significant future growth potential. - Positive factor: High average silver equivalent grade \(368.5 g/t AgEq\) for an underground resource. - Negative factor: Inferred category has lower geological confidence. - Negative factor: The total resource is derived from areas with two different cut-off grades \(95 g/t AgEq and 130 g/t AgEq\). Evidence · table > 368.5 Context: 2,352 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **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 **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/outcrop-silver-announces-updated-mineral-resource-estimate-for-the-santa-ana-pri--3ec62b98-e0cc-4e10-b147-8d5ff22eb324#fact-resource-facts-82) Santa Ana · silver #### Identity - Project: Santa Ana - Commodity: silver - Region: colombia - Reported Region: Colombia - Ticker: OCG #### Resource scope - Estimate type: resource - Effective date: 2026-09-10T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Warren Black - Resource group id: resource:1993b38ab28dbd5c281c - Deposit or zone: Total - Mining method: underground - Ownership percent: 100 % #### Resource Data - Category: inferred - Tonnes: 2352000 - Grade: 266.4 - Grade Unit: g/t - Contained Metal: 20.1 - Contained Unit: moz #### Prior Estimate - Resource Date: 2026-09-10 #### Metal Equivalent - Assumptions Disclosed: Yes #### Lab - Laboratory: Actlabs #### Location - CRS: North American Datum 1983 / UTM Zone 15N - EPSG: 26915 - Loc. Confidence: inferred #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-14T00:00:00.000Z Reasoning: The total Inferred resource demonstrates significant contained silver ounces at a high average grade, indicating strong potential for future conversion to higher confidence categories. - Positive factor: Substantial Inferred resource \(2.35 Mt\) with high contained metal \(20.1 Moz Ag\), indicating significant future growth potential. - Positive factor: High average silver grade \(266.4 g/t Ag\) for an underground resource, exceeding the 75th percentile for epithermal silver deposits. - Negative factor: Inferred category has lower geological confidence. - Negative factor: The total resource is derived from areas with two different cut-off grades \(95 g/t AgEq and 130 g/t AgEq\). Evidence · table > 266.4 Context: 2,352 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **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 **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/outcrop-silver-announces-updated-mineral-resource-estimate-for-the-santa-ana-pri--3ec62b98-e0cc-4e10-b147-8d5ff22eb324#fact-resource-facts-83) Santa Ana · gold #### Identity - Project: Santa Ana - Commodity: gold - Region: colombia - Reported Region: Colombia - Ticker: OCG #### Resource scope - Estimate type: resource - Effective date: 2026-09-10T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Warren Black - Resource group id: resource:1993b38ab28dbd5c281c - Deposit or zone: Total - Mining method: underground - Ownership percent: 100 % #### Resource Data - Category: inferred - Tonnes: 2352000 - Grade: 1.29 - Grade Unit: g/t - Contained Metal: 0.098 - Contained Unit: moz #### Prior Estimate - Resource Date: 2026-09-10 #### Metal Equivalent - Assumptions Disclosed: Yes #### Lab - Laboratory: Actlabs #### Location - CRS: North American Datum 1983 / UTM Zone 15N - EPSG: 26915 - Loc. Confidence: inferred #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-14T00:00:00.000Z Reasoning: The total Inferred resource includes a significant gold component, adding to the polymetallic nature and overall value of the project. - Positive factor: Gold contributes to the overall value of the resource. - Negative factor: Inferred category has lower geological confidence. - Negative factor: The total resource is derived from areas with two different cut-off grades \(95 g/t AgEq and 130 g/t AgEq\). Evidence · table > 1.29 Context: 2,352 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **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 **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.