# Results of Updated Mineral Resource and Reserves; Increases Consolidated M&I to 731koz Au and Inferred Resource to 653koz Au Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/results-of-updated-mineral-resource-and-reserves-increases-consolidated-m-i-to-7--f2f6136f-5f9d-4d7c-a1ef-7f7107547834 Original source: https://orestocks.com/company/SBI.TO/press-releases/8224237614427887 Publisher: orestocks Original announcement: 2026-04-28T10:00:00.000Z Analysis by Minestarters Atlas Atlas analysis published: 2026-10-01T04:02:12.780Z Atlas analysis updated: 2026-10-01T04:02:12.780Z - Company: Serabi Gold plc - Ticker: SBI.TO - Exchange: Unavailable - Region: Para, Brazil - Primary commodity: Gold - Secondary commodities: None reported - Document categories: Resource update - Extracted: 2026-10-01 04:02:13 UTC Narrative sentiment: 0.80 · Bullish ## Minestarters Atlas summary Serabi Gold plc announced updated Mineral Reserve and Resource estimates for its Palito Complex and Coringa Mine, showing substantial growth. Consolidated Measured and Indicated gold resources increased by 29% to 730,800 ounces, while Inferred resources grew by 50% to 653,300 ounces. Proven and Probable Reserves for the Palito Complex also saw a significant increase to 228,400 ounces, reflecting successful brownfield exploration. Reasoning: Serabi Gold plc reported significant increases in both consolidated Measured & Indicated and Inferred gold resources, as well as a substantial increase in Proven and Probable reserves, based on new estimates incorporating recent drill results and prepared under NI 43-101. The Coringa Mine showed exceptional growth in both tonnage and grade across all resource categories. - Positive factor: Tonnage Growth - Positive factor: Contained Metal Growth - Positive factor: Category Upgrade - Positive factor: QP/CP Signed - Positive factor: NI 43-101 Compliant Low confidence — this extraction should be reviewed alongside the original source. Facts used in scoring: 51 ## Classification and evidence **Tonnage Growth** Polarity: positive Definition: Significant tonnage increase \(≥15%\) vs prior estimate with grade maintained or improved. Why it applies: The consolidated Measured and Indicated resources increased by 29% to 2,485,800 tonnes and Inferred resources increased by 50% to 2,506,700 tonnes. Evidence · text > Consolidated Measured and Indicated \(“M&I”\) Resources of 730,800 ounces of contained gold \(2,485,800 tonnes @ 9.1 g/t Au\), a 29% increase compared to 567,400 ounces \(2,047,900 tonnes @ 8.6 g/t\) in March 2025 for Palito and April 2024 for Coringa. Consolidated Inferred Resources of 653,300 ounces \(2,506,700 tonnes @ 8.1 g/t Au\), a 50% increase compared to 434,700 ounces \(2,144,200 tonnes @ 6.3 g/t Au\) in March 2025 for Palito and April 2024 for Coringa. **Contained Metal Growth** Polarity: positive Definition: True scale improvement — contained metal ounces/tonnes increased vs prior, accounting for both tonnage and grade changes. Why it applies: Consolidated Measured and Indicated contained gold increased by 29% to 730,800 ounces and Inferred contained gold increased by 50% to 653,300 ounces. Evidence · text > Consolidated Measured and Indicated \(“M&I”\) Resources of 730,800 ounces of contained gold \(2,485,800 tonnes @ 9.1 g/t Au\), a 29% increase compared to 567,400 ounces \(2,047,900 tonnes @ 8.6 g/t\) in March 2025 for Palito and April 2024 for Coringa. Consolidated Inferred Resources of 653,300 ounces \(2,506,700 tonnes @ 8.1 g/t Au\), a 50% increase compared to 434,700 ounces \(2,144,200 tonnes @ 6.3 g/t Au\) in March 2025 for Palito and April 2024 for Coringa. **Category Upgrade** Polarity: positive Definition: Resource confidence improved — Inferred upgraded to Indicated, or Indicated to Measured. De-risking signal. Why it applies: The consolidated M&I resources increased by 29%, indicating an improvement in resource confidence. Evidence · text > Consolidated Measured and Indicated \(“M&I”\) Resources of 730,800 ounces of contained gold \(2,485,800 tonnes @ 9.1 g/t Au\), a 29% increase compared to 567,400 ounces \(2,047,900 tonnes @ 8.6 g/t\) in March 2025 for Palito and April 2024 for Coringa. **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 Mineral Resource and Reserve estimates were prepared and approved by Carlos Guzman and Nicolas Fuster, who are Qualified Persons under NI 43-101, and Michael Hodgson also reviewed and approved the technical information. Evidence · text > The Mineral Reserve estimate for Palito Mine was prepared by Mr Carlos Guzman of NCL Ingeniería y Construcción SpA, who is a Qualified Person under the Canadian National Instrument 43-101. The Mineral Resource estimates for Palito Mine and Coringa Mine were prepared by Mr Carlos Guzman of NCL Ingeniería y Construcción SpA, who is a Qualified Person under the Canadian National Instrument 43-101. The scientific and technical information contained in this news release pertaining to the Palito Mine has been reviewed and approved by the following Qualified Persons under National Instrument 43-101 – Standards of Disclosure for Mineral Projects \("NI 43-101"\): Carlos Guzman,RM CMC, FAusIMM, NCL Ingeniería y Construcción SpA Nicolas Fuster, RM CMC, MAusIMM, NCL Ingeniería y Construcción SpA ... The scientific and technical information contained within this announcement has been reviewed and approved by Michael Hodgson, a Director of the Company. **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: The estimates were prepared in accordance with the standard of CIM and Canadian National Instrument 43-101. Evidence · text > prepared in accordance with the standard of CIM and Canadian National Instrument 43-101 **QA/QC Disclosed** Polarity: positive Story-specific tag Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: The release mentions that Qualified Persons verified sampling, preparation, security, and analytical procedures, and that duplicate samples are sent to accredited laboratories for independent verification. Evidence · text > The Qualified Persons have verified the information disclosed herein, including the sampling, preparation, security and analytical procedures underlying the information or opinions contained in this announcement in accordance with standards appropriate to their qualifications. ... As a matter of normal practice, the Company sends duplicate samples derived from a variety of the Company's activities to accredited laboratory facilities for independent verification. **Measured Resource** Polarity: positive Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves. Why it applies: The document reports Measured Mineral Resources for Palito Mine, São Chico Mine, Coringa Mine, and consolidated figures, indicating a high level of geological confidence. Evidence · table > Measured Context: Measured **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: The document reports Indicated Mineral Resources for Palito Mine, São Chico Mine, Coringa Mine, and consolidated figures, indicating a reasonable level of geological confidence. Evidence · table > Indicated Context: Indicated **Proven Reserve** Polarity: positive Definition: Measured Resource with demonstrated economic viability after applying modifying factors. Why it applies: The document reports Proven Mineral Reserves for the Palito Complex, indicating the highest level of economic viability and confidence. Evidence · table > Proven Context: Proven **Probable Reserve** Polarity: positive Definition: Indicated Resource with demonstrated economic viability after applying modifying factors. Why it applies: The document reports Probable Mineral Reserves for the Palito Complex, indicating demonstrated economic viability. Evidence · table > Probable Context: Probable **High Recovery** Polarity: positive Story-specific tag Definition: Recovery at or above the exceptional band for the commodity and processing route. Why it applies: Metallurgical recoveries of 95% for Palito and 93.8% for São Chico are stated for reserve estimates, which are strong for underground gold operations. Evidence · text > metallurgical recoveries of 95%. ... metallurgical recoveries of 93.8%. **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: Cut-off grades are clearly stated for all reserve and resource estimates. Evidence · text > reported at a COG of 3.19 g/t gold ... reported at a COG of 4.0 g/t gold ... reported at a COG of 2.73 ... reported at a COG of 3.32 g/t gold ... reported at a COG of 1.94 **Grade Decline** Polarity: negative Definition: Average grade dropped >5% vs prior estimate — deposit economics worsening. May indicate high-grading in early drilling. Why it applies: The Palito Mine Proven & Probable Reserves show a grade decrease of 14.08% compared to the prior estimate. Evidence · table > 6.1 Context: Proven & Probable Reserves **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: The document reports Inferred Mineral Resources for Palito Mine, São Chico Mine, Coringa Mine, and consolidated figures, which is a speculative category with lower confidence. Evidence · table > Inferred Context: Inferred **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: The São Chico Mine Mineral Reserve and Resource estimates have an effective date of July 31, 2023, and are stated as unchanged since then, making them over two years old relative to the announcement date. Evidence · text > The updated Mineral Reserve estimates for the Palito Mine and the São Chico Mine are based on data as at 31st January 2026 and 31st July 2023, respectively. ... São Chico Mineral Reserves remain unchanged since November 2023 Technical Report, as no mining activities occurred since that date. ... São Chico unchanged since July 31, 2023 Reserve Statement. **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: The document provides updated Mineral Reserve and Resource estimates for multiple mines. Evidence · text > Results of Updated Mineral Resource and Reserves ## Extracted facts Stored fact records: 51. Some facts used in scoring do not have a stored record. ## Resource Estimates (51) ### proven [Link to this fact](https://atlas-staging.minestarters.com/news/results-of-updated-mineral-resource-and-reserves-increases-consolidated-m-i-to-7--f2f6136f-5f9d-4d7c-a1ef-7f7107547834#fact-resource-facts-0) Palito Complex · gold #### Identity - Project: Palito Complex - Commodity: gold - Ticker: SBI.TO #### Resource scope - Estimate type: reserve - Reporting standards: ni\_43\_101, other - QP Signed: Yes - Qualified person names: Carlos Guzman, Nicolas Fuster, Michael Hodgson - Resource group id: resource:c081ffb1c69fb196fc03 - Deposit or zone: Palito - Ownership percent: 100 % #### Resource Data - Category: proven - Tonnes: 607100 - Grade: 6.6 - Grade Unit: g/t - Contained Metal: 128.9 - Contained Unit: koz - Cutoff Grade: 3.19 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2026-01-31 #### Lab - Laboratory: Palito laboratory and ALS laboratory #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-04-28T00:00:00.000Z Reasoning: This Proven Reserve for Palito Mine shows a high-grade gold content \(6.6 g/t Au\) and is part of the updated estimates, contributing to the overall reserve growth. - Positive factor: Proven Reserve - Positive factor: QP/CP Signed - Positive factor: NI 43-101 Compliant - Positive factor: High Grade Evidence · table > 607.1 Context: Proven #### Tags used in scoring **Proven Reserve** Polarity: positive Definition: Measured Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "proven" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 ### probable [Link to this fact](https://atlas-staging.minestarters.com/news/results-of-updated-mineral-resource-and-reserves-increases-consolidated-m-i-to-7--f2f6136f-5f9d-4d7c-a1ef-7f7107547834#fact-resource-facts-1) Palito Complex · gold #### Identity - Project: Palito Complex - Commodity: gold - Ticker: SBI.TO #### Resource scope - Estimate type: reserve - Reporting standards: ni\_43\_101, other - QP Signed: Yes - Qualified person names: Carlos Guzman, Nicolas Fuster, Michael Hodgson - Resource group id: resource:9753dcbc1690ca006a89 - Deposit or zone: Palito - Ownership percent: 100 % #### Resource Data - Category: probable - Tonnes: 485400 - Grade: 5.4 - Grade Unit: g/t - Contained Metal: 83.8 - Contained Unit: koz - Cutoff Grade: 3.19 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2026-01-31 #### Lab - Laboratory: Palito laboratory and ALS laboratory #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-04-28T00:00:00.000Z Reasoning: This Probable Reserve for Palito Mine indicates a high-grade gold content \(5.4 g/t Au\) and contributes to the overall reserve increase. - Positive factor: Probable Reserve - Positive factor: QP/CP Signed - Positive factor: NI 43-101 Compliant - Positive factor: High Grade Evidence · table > 485.4 Context: Probable #### Tags used in scoring **Probable Reserve** Polarity: positive Definition: Indicated Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "probable" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 ### probable [Link to this fact](https://atlas-staging.minestarters.com/news/results-of-updated-mineral-resource-and-reserves-increases-consolidated-m-i-to-7--f2f6136f-5f9d-4d7c-a1ef-7f7107547834#fact-resource-facts-2) Palito Complex · gold #### Identity - Project: Palito Complex - Commodity: gold - Ticker: SBI.TO #### Resource scope - Estimate type: reserve - Reporting standards: ni\_43\_101, other - QP Signed: Yes - Qualified person names: Carlos Guzman, Nicolas Fuster, Michael Hodgson - Resource group id: resource:2594dfdd739d000eede4 - Deposit or zone: Palito - Ownership percent: 100 % #### Resource Data - Category: probable - Tonnes: 1092600 - Grade: 6.1 - Grade Unit: g/t - Contained Metal: 212.7 - Contained Unit: koz - Cutoff Grade: 3.19 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2026-01-31 #### Lab - Laboratory: Palito laboratory and ALS laboratory #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-04-28T00:00:00.000Z Reasoning: The total reserves for Palito Mine show a strong grade of 6.1 g/t Au, contributing significantly to the overall reserve base. - Positive factor: Probable Reserve - Positive factor: QP/CP Signed - Positive factor: NI 43-101 Compliant - Positive factor: High Grade Evidence · table > 1,092.6 Context: Total Reserves #### Tags used in scoring **Probable Reserve** Polarity: positive Definition: Indicated Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "probable" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 ### proven [Link to this fact](https://atlas-staging.minestarters.com/news/results-of-updated-mineral-resource-and-reserves-increases-consolidated-m-i-to-7--f2f6136f-5f9d-4d7c-a1ef-7f7107547834#fact-resource-facts-3) Palito Complex · gold #### Identity - Project: Palito Complex - Commodity: gold - Ticker: SBI.TO #### Resource scope - Estimate type: reserve - Reporting standards: ni\_43\_101, other - QP Signed: Yes - Qualified person names: Carlos Guzman, Nicolas Fuster, Michael Hodgson - Resource group id: resource:a4200058e49868089722 - Deposit or zone: São Chico - Ownership percent: 100 % #### Resource Data - Category: proven - Tonnes: 46100 - Grade: 8.2 - Grade Unit: g/t - Contained Metal: 12.2 - Contained Unit: koz - Cutoff Grade: 4 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2023-07-31 #### Lab - Laboratory: Palito laboratory and ALS laboratory #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-04-28T00:00:00.000Z Reasoning: This Proven Reserve for São Chico Mine is high-grade \(8.2 g/t Au\) but is unchanged from a prior estimate, indicating low novelty for this specific component. - Positive factor: Proven Reserve - Positive factor: QP/CP Signed - Positive factor: NI 43-101 Compliant - Positive factor: High Grade Evidence · table > 46.1 Context: Proven #### Tags used in scoring **Proven Reserve** Polarity: positive Definition: Measured Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "proven" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 2.7 years before this release ### probable [Link to this fact](https://atlas-staging.minestarters.com/news/results-of-updated-mineral-resource-and-reserves-increases-consolidated-m-i-to-7--f2f6136f-5f9d-4d7c-a1ef-7f7107547834#fact-resource-facts-4) Palito Complex · gold #### Identity - Project: Palito Complex - Commodity: gold - Ticker: SBI.TO #### Resource scope - Estimate type: reserve - Reporting standards: ni\_43\_101, other - QP Signed: Yes - Qualified person names: Carlos Guzman, Nicolas Fuster, Michael Hodgson - Resource group id: resource:1acc63935c50e6f29126 - Deposit or zone: São Chico - Ownership percent: 100 % #### Resource Data - Category: probable - Tonnes: 14100 - Grade: 7.7 - Grade Unit: g/t - Contained Metal: 3.5 - Contained Unit: koz - Cutoff Grade: 4 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2023-07-31 #### Lab - Laboratory: Palito laboratory and ALS laboratory #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-04-28T00:00:00.000Z Reasoning: This Probable Reserve for São Chico Mine is high-grade \(7.7 g/t Au\) but is unchanged from a prior estimate, indicating low novelty for this specific component. - Positive factor: Probable Reserve - Positive factor: QP/CP Signed - Positive factor: NI 43-101 Compliant - Positive factor: High Grade Evidence · table > 14.1 Context: Probable #### Tags used in scoring **Probable Reserve** Polarity: positive Definition: Indicated Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "probable" **Cut-off 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 **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 2.7 years before this release ### probable [Link to this fact](https://atlas-staging.minestarters.com/news/results-of-updated-mineral-resource-and-reserves-increases-consolidated-m-i-to-7--f2f6136f-5f9d-4d7c-a1ef-7f7107547834#fact-resource-facts-5) Palito Complex · gold #### Identity - Project: Palito Complex - Commodity: gold - Ticker: SBI.TO #### Resource scope - Estimate type: reserve - Reporting standards: ni\_43\_101, other - QP Signed: Yes - Qualified person names: Carlos Guzman, Nicolas Fuster, Michael Hodgson - Resource group id: resource:a957cc30af8a74a25969 - Deposit or zone: São Chico - Ownership percent: 100 % #### Resource Data - Category: probable - Tonnes: 60200 - Grade: 8.1 - Grade Unit: g/t - Contained Metal: 15.6 - Contained Unit: koz - Cutoff Grade: 4 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2023-07-31 #### Lab - Laboratory: Palito laboratory and ALS laboratory #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-04-28T00:00:00.000Z Reasoning: The total reserves for São Chico Mine are high-grade \(8.1 g/t Au\) but are unchanged from a prior estimate, indicating low novelty for this specific component. - Positive factor: Probable Reserve - Positive factor: QP/CP Signed - Positive factor: NI 43-101 Compliant - Positive factor: High Grade Evidence · table > 60.2 Context: Total Reserves #### Tags used in scoring **Probable Reserve** Polarity: positive Definition: Indicated Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "probable" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 2.7 years before this release ### proven [Link to this fact](https://atlas-staging.minestarters.com/news/results-of-updated-mineral-resource-and-reserves-increases-consolidated-m-i-to-7--f2f6136f-5f9d-4d7c-a1ef-7f7107547834#fact-resource-facts-6) Palito Complex · gold #### Identity - Project: Palito Complex - Commodity: gold - Ticker: SBI.TO #### Resource scope - Estimate type: reserve - Reporting standards: ni\_43\_101, other - QP Signed: Yes - Qualified person names: Carlos Guzman, Nicolas Fuster, Michael Hodgson - Resource group id: resource:8e9cbc25b06907f80333 - Deposit or zone: Combined - Ownership percent: 100 % #### Resource Data - Category: proven - Tonnes: 653200 - Grade: 6.7 - Grade Unit: g/t - Contained Metal: 141.1 - Contained Unit: koz #### Prior Estimate - Resource Date: 2026-01-31 #### Lab - Laboratory: Palito laboratory and ALS laboratory #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-04-28T00:00:00.000Z Reasoning: The combined Proven Reserve for the Palito Complex shows a strong grade of 6.7 g/t Au and contributes significantly to the overall reserve base. - Positive factor: Proven Reserve - Positive factor: QP/CP Signed - Positive factor: NI 43-101 Compliant - Positive factor: High Grade Evidence · table > 653.2 Context: Proven #### Tags used in scoring **Proven Reserve** Polarity: positive Definition: Measured Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "proven" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 ### probable [Link to this fact](https://atlas-staging.minestarters.com/news/results-of-updated-mineral-resource-and-reserves-increases-consolidated-m-i-to-7--f2f6136f-5f9d-4d7c-a1ef-7f7107547834#fact-resource-facts-7) Palito Complex · gold #### Identity - Project: Palito Complex - Commodity: gold - Ticker: SBI.TO #### Resource scope - Estimate type: reserve - Reporting standards: ni\_43\_101, other - QP Signed: Yes - Qualified person names: Carlos Guzman, Nicolas Fuster, Michael Hodgson - Resource group id: resource:59c3e5192e08adbb345e - Deposit or zone: Combined - Ownership percent: 100 % #### Resource Data - Category: probable - Tonnes: 499500 - Grade: 5.4 - Grade Unit: g/t - Contained Metal: 87.3 - Contained Unit: koz #### Prior Estimate - Resource Date: 2026-01-31 #### Lab - Laboratory: Palito laboratory and ALS laboratory #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-04-28T00:00:00.000Z Reasoning: The combined Probable Reserve for the Palito Complex shows a high-grade of 5.4 g/t Au and contributes to the overall reserve increase. - Positive factor: Probable Reserve - Positive factor: QP/CP Signed - Positive factor: NI 43-101 Compliant - Positive factor: High Grade Evidence · table > 499.5 Context: Probable #### Tags used in scoring **Probable Reserve** Polarity: positive Definition: Indicated Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "probable" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 ### probable [Link to this fact](https://atlas-staging.minestarters.com/news/results-of-updated-mineral-resource-and-reserves-increases-consolidated-m-i-to-7--f2f6136f-5f9d-4d7c-a1ef-7f7107547834#fact-resource-facts-8) Palito Complex · gold #### Identity - Project: Palito Complex - Commodity: gold - Ticker: SBI.TO #### Resource scope - Estimate type: reserve - Reporting standards: ni\_43\_101, other - QP Signed: Yes - Qualified person names: Carlos Guzman, Nicolas Fuster, Michael Hodgson - Resource group id: resource:ef11b9b65f39158f2e45 - Deposit or zone: Combined - Ownership percent: 100 % #### Resource Data - Category: probable - Tonnes: 1152800 - Grade: 6.2 - Grade Unit: g/t - Contained Metal: 228.4 - Contained Unit: koz #### Prior Estimate - Resource Date: 2026-01-31 #### Lab - Laboratory: Palito laboratory and ALS laboratory #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-04-28T00:00:00.000Z Reasoning: The total combined reserves for the Palito Complex show significant tonnage and contained metal growth, despite a slight decrease in overall grade, indicating a material update. - Positive factor: Probable Reserve - Positive factor: QP/CP Signed - Positive factor: NI 43-101 Compliant - Positive factor: High Grade - Positive factor: Tonnage Growth - Positive factor: Contained Metal Growth - Negative factor: Grade Decline Evidence · table > 1,152.8 Context: Total Reserves #### Tags used in scoring **Probable Reserve** Polarity: positive Definition: Indicated Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "probable" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 ### measured [Link to this fact](https://atlas-staging.minestarters.com/news/results-of-updated-mineral-resource-and-reserves-increases-consolidated-m-i-to-7--f2f6136f-5f9d-4d7c-a1ef-7f7107547834#fact-resource-facts-9) Palito Mine · gold #### Identity - Project: Palito Mine - Commodity: gold - Ticker: SBI.TO #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101, other - QP Signed: Yes - Qualified person names: Carlos Guzman, Nicolas Fuster, Michael Hodgson - Resource group id: resource:beed9a1d2d680889b525 - Ownership percent: 100 % #### Resource Data - Category: measured - Tonnes: 814800 - Grade: 10.5 - Grade Unit: g/t - Contained Metal: 275.1 - Contained Unit: koz - Cutoff Grade: 2.73 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2026-01-31 #### Lab - Laboratory: Palito laboratory and ALS laboratory #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-04-28T00:00:00.000Z Reasoning: The Measured Resource for Palito Mine is high-grade \(10.5 g/t Au\) and represents a high confidence category, contributing to the updated resource base. - Positive factor: Measured Resource - Positive factor: QP/CP Signed - Positive factor: NI 43-101 Compliant - Positive factor: High Grade Evidence · table > 814.8 Context: Measured #### Tags used in scoring **Measured Resource** Polarity: positive Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves. Why it applies: category is "measured" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/results-of-updated-mineral-resource-and-reserves-increases-consolidated-m-i-to-7--f2f6136f-5f9d-4d7c-a1ef-7f7107547834#fact-resource-facts-10) Palito Mine · gold #### Identity - Project: Palito Mine - Commodity: gold - Ticker: SBI.TO #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101, other - QP Signed: Yes - Qualified person names: Carlos Guzman, Nicolas Fuster, Michael Hodgson - Resource group id: resource:35976cadd0a0f9e5c656 - Ownership percent: 100 % #### Resource Data - Category: indicated - Tonnes: 459800 - Grade: 7.7 - Grade Unit: g/t - Contained Metal: 113.5 - Contained Unit: koz - Cutoff Grade: 2.73 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2026-01-31 #### Lab - Laboratory: Palito laboratory and ALS laboratory #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-04-28T00:00:00.000Z Reasoning: The Indicated Resource for Palito Mine is high-grade \(7.7 g/t Au\) and adds to the confidence of the resource base. - Positive factor: Indicated Resource - Positive factor: QP/CP Signed - Positive factor: NI 43-101 Compliant - Positive factor: High Grade Evidence · table > 459.8 Context: Indicated #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/results-of-updated-mineral-resource-and-reserves-increases-consolidated-m-i-to-7--f2f6136f-5f9d-4d7c-a1ef-7f7107547834#fact-resource-facts-11) Palito Mine · gold #### Identity - Project: Palito Mine - Commodity: gold - Ticker: SBI.TO #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101, other - QP Signed: Yes - Qualified person names: Carlos Guzman, Nicolas Fuster, Michael Hodgson - Resource group id: resource:5096f0db615d5278061a - Ownership percent: 100 % #### Resource Data - Category: indicated - Tonnes: 1274600 - Grade: 9.5 - Grade Unit: g/t - Contained Metal: 388.6 - Contained Unit: koz - Cutoff Grade: 2.73 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2026-01-31 #### Lab - Laboratory: Palito laboratory and ALS laboratory #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-04-28T00:00:00.000Z Reasoning: The combined Measured and Indicated Resource for Palito Mine shows a strong grade of 9.5 g/t Au and contributes to the overall resource confidence. - Positive factor: Indicated Resource - Positive factor: QP/CP Signed - Positive factor: NI 43-101 Compliant - Positive factor: High Grade Evidence · table > 1,274.6 Context: Measured and Indicated #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/results-of-updated-mineral-resource-and-reserves-increases-consolidated-m-i-to-7--f2f6136f-5f9d-4d7c-a1ef-7f7107547834#fact-resource-facts-12) Palito Mine · gold #### Identity - Project: Palito Mine - Commodity: gold - Ticker: SBI.TO #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101, other - QP Signed: Yes - Qualified person names: Carlos Guzman, Nicolas Fuster, Michael Hodgson - Resource group id: resource:92adcc59c5c39d32bf1c - Ownership percent: 100 % #### Resource Data - Category: inferred - Tonnes: 743800 - Grade: 6.5 - Grade Unit: g/t - Contained Metal: 156.6 - Contained Unit: koz - Cutoff Grade: 2.73 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2026-01-31 #### Lab - Laboratory: Palito laboratory and ALS laboratory #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-04-28T00:00:00.000Z Reasoning: The Inferred Resource for Palito Mine is high-grade \(6.5 g/t Au\) and adds to the potential resource base, though with lower confidence. - Positive factor: Inferred Resource - Positive factor: QP/CP Signed - Positive factor: NI 43-101 Compliant - Positive factor: High Grade Evidence · table > 743.8 Context: Inferred #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 ### measured [Link to this fact](https://atlas-staging.minestarters.com/news/results-of-updated-mineral-resource-and-reserves-increases-consolidated-m-i-to-7--f2f6136f-5f9d-4d7c-a1ef-7f7107547834#fact-resource-facts-13) São Chico Mine · gold #### Identity - Project: São Chico Mine - Commodity: gold - Ticker: SBI.TO #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101, other - QP Signed: Yes - Qualified person names: Carlos Guzman, Nicolas Fuster, Michael Hodgson - Resource group id: resource:5e37a1a90b5bff3a949a - Ownership percent: 100 % #### Resource Data - Category: measured - Tonnes: 122500 - Grade: 8.1 - Grade Unit: g/t - Contained Metal: 31.9 - Contained Unit: koz - Cutoff Grade: 3.32 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2023-07-31 #### Lab - Laboratory: Palito laboratory and ALS laboratory #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-04-28T00:00:00.000Z Reasoning: The Measured Resource for São Chico Mine is high-grade \(8.1 g/t Au\) but is unchanged from a prior estimate, indicating low novelty for this specific component. - Positive factor: Measured Resource - Positive factor: QP/CP Signed - Positive factor: NI 43-101 Compliant - Positive factor: High Grade Evidence · table > 122.5 Context: Measured #### Tags used in scoring **Measured Resource** Polarity: positive Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves. Why it applies: category is "measured" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 2.7 years before this release ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/results-of-updated-mineral-resource-and-reserves-increases-consolidated-m-i-to-7--f2f6136f-5f9d-4d7c-a1ef-7f7107547834#fact-resource-facts-14) São Chico Mine · gold #### Identity - Project: São Chico Mine - Commodity: gold - Ticker: SBI.TO #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101, other - QP Signed: Yes - Qualified person names: Carlos Guzman, Nicolas Fuster, Michael Hodgson - Resource group id: resource:bdbdd7f840e9976783ae - Ownership percent: 100 % #### Resource Data - Category: indicated - Tonnes: 28500 - Grade: 7.1 - Grade Unit: g/t - Contained Metal: 6.5 - Contained Unit: koz - Cutoff Grade: 3.32 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2023-07-31 #### Lab - Laboratory: Palito laboratory and ALS laboratory #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-04-28T00:00:00.000Z Reasoning: The Indicated Resource for São Chico Mine is high-grade \(7.1 g/t Au\) but is unchanged from a prior estimate, indicating low novelty for this specific component. - Positive factor: Indicated Resource - Positive factor: QP/CP Signed - Positive factor: NI 43-101 Compliant - Positive factor: High Grade Evidence · table > 28.5 Context: Indicated #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off 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 **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 2.7 years before this release ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/results-of-updated-mineral-resource-and-reserves-increases-consolidated-m-i-to-7--f2f6136f-5f9d-4d7c-a1ef-7f7107547834#fact-resource-facts-15) São Chico Mine · gold #### Identity - Project: São Chico Mine - Commodity: gold - Ticker: SBI.TO #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101, other - QP Signed: Yes - Qualified person names: Carlos Guzman, Nicolas Fuster, Michael Hodgson - Resource group id: resource:b46f75fe8409f18652f0 - Ownership percent: 100 % #### Resource Data - Category: indicated - Tonnes: 150900 - Grade: 7.9 - Grade Unit: g/t - Contained Metal: 38.4 - Contained Unit: koz - Cutoff Grade: 3.32 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2023-07-31 #### Lab - Laboratory: Palito laboratory and ALS laboratory #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-04-28T00:00:00.000Z Reasoning: The combined Measured and Indicated Resource for São Chico Mine is high-grade \(7.9 g/t Au\) but is unchanged from a prior estimate, indicating low novelty for this specific component. - Positive factor: Indicated Resource - Positive factor: QP/CP Signed - Positive factor: NI 43-101 Compliant - Positive factor: High Grade Evidence · table > 150.9 Context: Measured and Indicated #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off 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 **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 2.7 years before this release ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/results-of-updated-mineral-resource-and-reserves-increases-consolidated-m-i-to-7--f2f6136f-5f9d-4d7c-a1ef-7f7107547834#fact-resource-facts-16) São Chico Mine · gold #### Identity - Project: São Chico Mine - Commodity: gold - Ticker: SBI.TO #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101, other - QP Signed: Yes - Qualified person names: Carlos Guzman, Nicolas Fuster, Michael Hodgson - Resource group id: resource:67bda72f5ba9f4b82c22 - Ownership percent: 100 % #### Resource Data - Category: inferred - Tonnes: 8200 - Grade: 6.5 - Grade Unit: g/t - Contained Metal: 1.7 - Contained Unit: koz - Cutoff Grade: 3.32 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2023-07-31 #### Lab - Laboratory: Palito laboratory and ALS laboratory #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-04-28T00:00:00.000Z Reasoning: The Inferred Resource for São Chico Mine is high-grade \(6.5 g/t Au\) but is unchanged from a prior estimate, indicating low novelty for this specific component. - Positive factor: Inferred Resource - Positive factor: QP/CP Signed - Positive factor: NI 43-101 Compliant - Positive factor: High Grade Evidence · table > 8.2 Context: Inferred #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off 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 **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 2.7 years before this release ### measured [Link to this fact](https://atlas-staging.minestarters.com/news/results-of-updated-mineral-resource-and-reserves-increases-consolidated-m-i-to-7--f2f6136f-5f9d-4d7c-a1ef-7f7107547834#fact-resource-facts-17) Palito Complex · gold #### Identity - Project: Palito Complex - Commodity: gold - Ticker: SBI.TO #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101, other - QP Signed: Yes - Qualified person names: Carlos Guzman, Nicolas Fuster, Michael Hodgson - Resource group id: resource:eed08f46401b13b2a4b5 - Ownership percent: 100 % #### Resource Data - Category: measured - Tonnes: 937700 - Grade: 10.2 - Grade Unit: g/t - Contained Metal: 307 - Contained Unit: koz - Cutoff Grade: 2.73 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2026-01-31 #### Lab - Laboratory: Palito laboratory and ALS laboratory #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-04-28T00:00:00.000Z Reasoning: The Measured Resource for Palito Complex is high-grade \(10.2 g/t Au\) and represents a high confidence category, contributing to the updated resource base. - Positive factor: Measured Resource - Positive factor: QP/CP Signed - Positive factor: NI 43-101 Compliant - Positive factor: High Grade Evidence · table > 937.7 Context: Measured #### Tags used in scoring **Measured Resource** Polarity: positive Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves. Why it applies: category is "measured" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/results-of-updated-mineral-resource-and-reserves-increases-consolidated-m-i-to-7--f2f6136f-5f9d-4d7c-a1ef-7f7107547834#fact-resource-facts-18) Palito Complex · gold #### Identity - Project: Palito Complex - Commodity: gold - Ticker: SBI.TO #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101, other - QP Signed: Yes - Qualified person names: Carlos Guzman, Nicolas Fuster, Michael Hodgson - Resource group id: resource:6fa23d7f5431e85ba1d4 - Ownership percent: 100 % #### Resource Data - Category: indicated - Tonnes: 488300 - Grade: 7.6 - Grade Unit: g/t - Contained Metal: 120 - Contained Unit: koz - Cutoff Grade: 2.73 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2026-01-31 #### Lab - Laboratory: Palito laboratory and ALS laboratory #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-04-28T00:00:00.000Z Reasoning: The Indicated Resource for Palito Complex is high-grade \(7.6 g/t Au\) and adds to the confidence of the resource base. - Positive factor: Indicated Resource - Positive factor: QP/CP Signed - Positive factor: NI 43-101 Compliant - Positive factor: High Grade Evidence · table > 488.3 Context: Indicated #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/results-of-updated-mineral-resource-and-reserves-increases-consolidated-m-i-to-7--f2f6136f-5f9d-4d7c-a1ef-7f7107547834#fact-resource-facts-19) Palito Complex · gold #### Identity - Project: Palito Complex - Commodity: gold - Ticker: SBI.TO #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101, other - QP Signed: Yes - Qualified person names: Carlos Guzman, Nicolas Fuster, Michael Hodgson - Resource group id: resource:ed457338472cddeada29 - Ownership percent: 100 % #### Resource Data - Category: indicated - Tonnes: 1425500 - Grade: 9.3 - Grade Unit: g/t - Contained Metal: 427 - Contained Unit: koz - Cutoff Grade: 2.73 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2026-01-31 #### Lab - Laboratory: Palito laboratory and ALS laboratory #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-04-28T00:00:00.000Z Reasoning: The combined Measured and Indicated Resource for Palito Complex shows a strong grade of 9.3 g/t Au and contributes to the overall resource confidence. - Positive factor: Indicated Resource - Positive factor: QP/CP Signed - Positive factor: NI 43-101 Compliant - Positive factor: High Grade Evidence · table > 1,425.5 Context: Measured and Indicated #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/results-of-updated-mineral-resource-and-reserves-increases-consolidated-m-i-to-7--f2f6136f-5f9d-4d7c-a1ef-7f7107547834#fact-resource-facts-20) Palito Complex · gold #### Identity - Project: Palito Complex - Commodity: gold - Ticker: SBI.TO #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101, other - QP Signed: Yes - Qualified person names: Carlos Guzman, Nicolas Fuster, Michael Hodgson - Resource group id: resource:d069f23d9890776061f7 - Ownership percent: 100 % #### Resource Data - Category: inferred - Tonnes: 752000 - Grade: 6.6 - Grade Unit: g/t - Contained Metal: 158.3 - Contained Unit: koz - Cutoff Grade: 2.73 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2026-01-31 #### Lab - Laboratory: Palito laboratory and ALS laboratory #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-04-28T00:00:00.000Z Reasoning: The Inferred Resource for Palito Complex is high-grade \(6.6 g/t Au\) and adds to the potential resource base, though with lower confidence. - Positive factor: Inferred Resource - Positive factor: QP/CP Signed - Positive factor: NI 43-101 Compliant - Positive factor: High Grade Evidence · table > 752.0 Context: Inferred #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 ### measured [Link to this fact](https://atlas-staging.minestarters.com/news/results-of-updated-mineral-resource-and-reserves-increases-consolidated-m-i-to-7--f2f6136f-5f9d-4d7c-a1ef-7f7107547834#fact-resource-facts-21) Coringa Mine · gold #### Identity - Project: Coringa Mine - Commodity: gold - Ticker: SBI.TO #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101, other - QP Signed: Yes - Qualified person names: Carlos Guzman, Nicolas Fuster, Michael Hodgson - Resource group id: resource:39b47ff31415d856c44b - Ownership percent: 100 % #### Resource Data - Category: measured - Tonnes: 358200 - Grade: 11.2 - Grade Unit: g/t - Contained Metal: 129.4 - Contained Unit: koz - Cutoff Grade: 1.94 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2026-01-31 #### Lab - Laboratory: Palito laboratory and ALS laboratory #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-04-28T00:00:00.000Z Reasoning: The Measured Resource for Coringa Mine shows exceptional grade \(11.2 g/t Au\) and significant growth compared to prior estimates, indicating a very positive update. - Positive factor: Measured Resource - Positive factor: QP/CP Signed - Positive factor: NI 43-101 Compliant - Positive factor: High Grade - Positive factor: Tonnage Growth - Positive factor: Contained Metal Growth - Positive factor: Grade Improvement Evidence · table > 358.2 Context: Measured #### Tags used in scoring **Measured Resource** Polarity: positive Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves. Why it applies: category is "measured" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/results-of-updated-mineral-resource-and-reserves-increases-consolidated-m-i-to-7--f2f6136f-5f9d-4d7c-a1ef-7f7107547834#fact-resource-facts-22) Coringa Mine · gold #### Identity - Project: Coringa Mine - Commodity: gold - Ticker: SBI.TO #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101, other - QP Signed: Yes - Qualified person names: Carlos Guzman, Nicolas Fuster, Michael Hodgson - Resource group id: resource:86400670f20fa9145ab4 - Ownership percent: 100 % #### Resource Data - Category: indicated - Tonnes: 702100 - Grade: 7.7 - Grade Unit: g/t - Contained Metal: 174.4 - Contained Unit: koz - Cutoff Grade: 1.94 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2026-01-31 #### Lab - Laboratory: Palito laboratory and ALS laboratory #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-04-28T00:00:00.000Z Reasoning: The Indicated Resource for Coringa Mine shows strong grade \(7.7 g/t Au\) and significant growth compared to prior estimates, indicating a very positive update. - Positive factor: Indicated Resource - Positive factor: QP/CP Signed - Positive factor: NI 43-101 Compliant - Positive factor: High Grade - Positive factor: Tonnage Growth - Positive factor: Contained Metal Growth - Positive factor: Grade Improvement Evidence · table > 702.1 Context: Indicated #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/results-of-updated-mineral-resource-and-reserves-increases-consolidated-m-i-to-7--f2f6136f-5f9d-4d7c-a1ef-7f7107547834#fact-resource-facts-23) Coringa Mine · gold #### Identity - Project: Coringa Mine - Commodity: gold - Ticker: SBI.TO #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101, other - QP Signed: Yes - Qualified person names: Carlos Guzman, Nicolas Fuster, Michael Hodgson - Resource group id: resource:d791d04f760f9c99835b - Ownership percent: 100 % #### Resource Data - Category: indicated - Tonnes: 1060300 - Grade: 8.9 - Grade Unit: g/t - Contained Metal: 303.8 - Contained Unit: koz - Cutoff Grade: 1.94 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2026-01-31 #### Lab - Laboratory: Palito laboratory and ALS laboratory #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-04-28T00:00:00.000Z Reasoning: The combined Measured and Indicated Resource for Coringa Mine shows exceptional growth in tonnage, grade, and contained metal, making it a highly material and positive update. - Positive factor: Indicated Resource - Positive factor: QP/CP Signed - Positive factor: NI 43-101 Compliant - Positive factor: High Grade - Positive factor: Tonnage Growth - Positive factor: Contained Metal Growth - Positive factor: Grade Improvement Evidence · table > 1,060.3 Context: Measured and Indicated #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/results-of-updated-mineral-resource-and-reserves-increases-consolidated-m-i-to-7--f2f6136f-5f9d-4d7c-a1ef-7f7107547834#fact-resource-facts-24) Coringa Mine · gold #### Identity - Project: Coringa Mine - Commodity: gold - Ticker: SBI.TO #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101, other - QP Signed: Yes - Qualified person names: Carlos Guzman, Nicolas Fuster, Michael Hodgson - Resource group id: resource:770922d12ab29c47f8b6 - Ownership percent: 100 % #### Resource Data - Category: inferred - Tonnes: 1754700 - Grade: 8.8 - Grade Unit: g/t - Contained Metal: 495 - Contained Unit: koz - Cutoff Grade: 1.94 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2026-01-31 #### Lab - Laboratory: Palito laboratory and ALS laboratory #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-04-28T00:00:00.000Z Reasoning: The Inferred Resource for Coringa Mine shows exceptional growth in tonnage, grade, and contained metal, indicating significant future potential. - Positive factor: Inferred Resource - Positive factor: QP/CP Signed - Positive factor: NI 43-101 Compliant - Positive factor: High Grade - Positive factor: Tonnage Growth - Positive factor: Contained Metal Growth - Positive factor: Grade Improvement Evidence · table > 1,754.7 Context: Inferred #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 ### measured [Link to this fact](https://atlas-staging.minestarters.com/news/results-of-updated-mineral-resource-and-reserves-increases-consolidated-m-i-to-7--f2f6136f-5f9d-4d7c-a1ef-7f7107547834#fact-resource-facts-25) Consolidated Palito Complex & Coringa Mine · gold #### Identity - Project: Consolidated Palito Complex & Coringa Mine - Commodity: gold - Ticker: SBI.TO #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101, other - QP Signed: Yes - Qualified person names: Carlos Guzman, Nicolas Fuster, Michael Hodgson - Resource group id: resource:84337a3e4c081655200f - Ownership percent: 100 % #### Resource Data - Category: measured - Tonnes: 1295400 - Grade: 10.5 - Grade Unit: g/t - Contained Metal: 436.4 - Contained Unit: koz #### Prior Estimate - Resource Date: 2026-01-31 #### Lab - Laboratory: Palito laboratory and ALS laboratory #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-04-28T00:00:00.000Z Reasoning: The consolidated Measured Resource shows a high grade of 10.5 g/t Au and significant growth, contributing to the overall positive resource update. - Positive factor: Measured Resource - Positive factor: QP/CP Signed - Positive factor: NI 43-101 Compliant - Positive factor: High Grade - Positive factor: Tonnage Growth - Positive factor: Contained Metal Growth Evidence · table > 1,295.4 Context: Measured #### Tags used in scoring **Measured Resource** Polarity: positive Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves. Why it applies: category is "measured" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/results-of-updated-mineral-resource-and-reserves-increases-consolidated-m-i-to-7--f2f6136f-5f9d-4d7c-a1ef-7f7107547834#fact-resource-facts-26) Consolidated Palito Complex & Coringa Mine · gold #### Identity - Project: Consolidated Palito Complex & Coringa Mine - Commodity: gold - Ticker: SBI.TO #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101, other - QP Signed: Yes - Qualified person names: Carlos Guzman, Nicolas Fuster, Michael Hodgson - Resource group id: resource:191676e54ec9863e6958 - Ownership percent: 100 % #### Resource Data - Category: indicated - Tonnes: 1190400 - Grade: 7.7 - Grade Unit: g/t - Contained Metal: 294.4 - Contained Unit: koz #### Prior Estimate - Resource Date: 2026-01-31 #### Lab - Laboratory: Palito laboratory and ALS laboratory #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-04-28T00:00:00.000Z Reasoning: The consolidated Indicated Resource shows a strong grade of 7.7 g/t Au and significant growth, contributing to the overall positive resource update. - Positive factor: Indicated Resource - Positive factor: QP/CP Signed - Positive factor: NI 43-101 Compliant - Positive factor: High Grade - Positive factor: Tonnage Growth - Positive factor: Contained Metal Growth Evidence · table > 1,190.4 Context: Indicated #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/results-of-updated-mineral-resource-and-reserves-increases-consolidated-m-i-to-7--f2f6136f-5f9d-4d7c-a1ef-7f7107547834#fact-resource-facts-27) Consolidated Palito Complex & Coringa Mine · gold #### Identity - Project: Consolidated Palito Complex & Coringa Mine - Commodity: gold - Ticker: SBI.TO #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101, other - QP Signed: Yes - Qualified person names: Carlos Guzman, Nicolas Fuster, Michael Hodgson - Resource group id: resource:3987e773b4a392ea023a - Ownership percent: 100 % #### Resource Data - Category: indicated - Tonnes: 2485800 - Grade: 9.1 - Grade Unit: g/t - Contained Metal: 730.8 - Contained Unit: koz #### Prior Estimate - Resource Date: 2026-01-31 #### Lab - Laboratory: Palito laboratory and ALS laboratory #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-04-28T00:00:00.000Z Reasoning: The consolidated Measured and Indicated Resource shows a strong grade of 9.1 g/t Au and significant growth in contained metal, making it a highly material and positive update. - Positive factor: Indicated Resource - Positive factor: QP/CP Signed - Positive factor: NI 43-101 Compliant - Positive factor: High Grade - Positive factor: Tonnage Growth - Positive factor: Contained Metal Growth Evidence · table > 2,485.8 Context: Measured and Indicated #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/results-of-updated-mineral-resource-and-reserves-increases-consolidated-m-i-to-7--f2f6136f-5f9d-4d7c-a1ef-7f7107547834#fact-resource-facts-28) Consolidated Palito Complex & Coringa Mine · gold #### Identity - Project: Consolidated Palito Complex & Coringa Mine - Commodity: gold - Ticker: SBI.TO #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101, other - QP Signed: Yes - Qualified person names: Carlos Guzman, Nicolas Fuster, Michael Hodgson - Resource group id: resource:25b4ae783483ada13372 - Ownership percent: 100 % #### Resource Data - Category: inferred - Tonnes: 2506700 - Grade: 8.1 - Grade Unit: g/t - Contained Metal: 653.3 - Contained Unit: koz #### Prior Estimate - Resource Date: 2026-01-31 #### Lab - Laboratory: Palito laboratory and ALS laboratory #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-04-28T00:00:00.000Z Reasoning: The consolidated Inferred Resource shows a strong grade of 8.1 g/t Au and significant growth in contained metal, indicating substantial future potential. - Positive factor: Inferred Resource - Positive factor: QP/CP Signed - Positive factor: NI 43-101 Compliant - Positive factor: High Grade - Positive factor: Tonnage Growth - Positive factor: Contained Metal Growth Evidence · table > 2,506.7 Context: Inferred #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 ### proven [Link to this fact](https://atlas-staging.minestarters.com/news/results-of-updated-mineral-resource-and-reserves-increases-consolidated-m-i-to-7--f2f6136f-5f9d-4d7c-a1ef-7f7107547834#fact-resource-facts-29) Palito Mine · gold #### Identity - Project: Palito Mine - Commodity: gold - Ticker: SBI.TO #### Resource scope - Estimate type: reserve - Reporting standards: ni\_43\_101, other - QP Signed: Yes - Qualified person names: Carlos Guzman, Nicolas Fuster, Michael Hodgson - Resource group id: resource:8f6ef80eef68ad0c941b - Ownership percent: 100 % #### Resource Data - Category: proven - Tonnes: 607000 - Grade: 6.6 - Grade Unit: g/t - Contained Metal: 129 - Contained Unit: koz #### Prior Estimate - Resource Date: 2026-01-31 #### Lab - Laboratory: Palito laboratory and ALS laboratory #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-04-28T00:00:00.000Z Reasoning: The Proven Reserve for Palito Mine shows significant tonnage and contained metal growth compared to the prior estimate, despite a grade decrease, indicating a positive update. - Positive factor: Proven Reserve - Positive factor: QP/CP Signed - Positive factor: NI 43-101 Compliant - Positive factor: High Grade - Positive factor: Tonnage Growth - Positive factor: Contained Metal Growth - Negative factor: Grade Decline Evidence · table > 607 Context: Proven #### Tags used in scoring **Proven Reserve** Polarity: positive Definition: Measured Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "proven" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 ### probable [Link to this fact](https://atlas-staging.minestarters.com/news/results-of-updated-mineral-resource-and-reserves-increases-consolidated-m-i-to-7--f2f6136f-5f9d-4d7c-a1ef-7f7107547834#fact-resource-facts-30) Palito Mine · gold #### Identity - Project: Palito Mine - Commodity: gold - Ticker: SBI.TO #### Resource scope - Estimate type: reserve - Reporting standards: ni\_43\_101, other - QP Signed: Yes - Qualified person names: Carlos Guzman, Nicolas Fuster, Michael Hodgson - Resource group id: resource:b2bc87a7b8ccbcbd2381 - Ownership percent: 100 % #### Resource Data - Category: probable - Tonnes: 485000 - Grade: 5.4 - Grade Unit: g/t - Contained Metal: 84 - Contained Unit: koz #### Prior Estimate - Resource Date: 2026-01-31 #### Lab - Laboratory: Palito laboratory and ALS laboratory #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-04-28T00:00:00.000Z Reasoning: The Probable Reserve for Palito Mine shows significant tonnage and contained metal growth compared to the prior estimate, despite a grade decrease, indicating a positive update. - Positive factor: Probable Reserve - Positive factor: QP/CP Signed - Positive factor: NI 43-101 Compliant - Positive factor: High Grade - Positive factor: Tonnage Growth - Positive factor: Contained Metal Growth - Negative factor: Grade Decline Evidence · table > 485 Context: Probable #### Tags used in scoring **Probable Reserve** Polarity: positive Definition: Indicated Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "probable" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 ### probable [Link to this fact](https://atlas-staging.minestarters.com/news/results-of-updated-mineral-resource-and-reserves-increases-consolidated-m-i-to-7--f2f6136f-5f9d-4d7c-a1ef-7f7107547834#fact-resource-facts-31) Palito Mine · gold Historical result Needs review: historical\_restatement #### Identity - Project: Palito Mine - Commodity: gold - Ticker: SBI.TO #### Resource scope - Estimate type: reserve - Reporting standards: ni\_43\_101, other - QP Signed: Yes - Qualified person names: Carlos Guzman, Nicolas Fuster, Michael Hodgson - Resource group id: resource:7e774a28b7c52b7fff56 - Ownership percent: 100 % #### Resource Data - Category: probable - Tonnes: 1093000 - Grade: 6.1 - Grade Unit: g/t - Contained Metal: 213 - Contained Unit: koz #### Prior Estimate - Resource Date: 2026-01-31 #### Lab - Laboratory: Palito laboratory and ALS laboratory #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes #### Dates - Event date: 2026-04-28T00:00:00.000Z Reasoning: The total Proven & Probable Reserves for Palito Mine show exceptional tonnage and contained metal growth compared to the prior estimate, despite a grade decrease, indicating a highly material update. - Positive factor: Probable Reserve - Positive factor: QP/CP Signed - Positive factor: NI 43-101 Compliant - Positive factor: High Grade - Positive factor: Tonnage Growth - Positive factor: Contained Metal Growth - Negative factor: Grade Decline Evidence · table > 1,093 Context: Proven & Probable Reserves #### Tags used in scoring **Probable Reserve** Polarity: positive Definition: Indicated Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "probable" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 ### proven [Link to this fact](https://atlas-staging.minestarters.com/news/results-of-updated-mineral-resource-and-reserves-increases-consolidated-m-i-to-7--f2f6136f-5f9d-4d7c-a1ef-7f7107547834#fact-resource-facts-32) Palito Mine · gold Historical result Needs review: historical\_restatement #### Identity - Project: Palito Mine - Commodity: gold - Ticker: SBI.TO #### Resource scope - Estimate type: reserve - Reporting standards: ni\_43\_101, other - QP Signed: Yes - Qualified person names: Carlos Guzman, Nicolas Fuster, Michael Hodgson - Resource group id: resource:92461db47b81cb1e7a46 - Ownership percent: 100 % #### Resource Data - Category: proven - Tonnes: 422000 - Grade: 7.7 - Grade Unit: g/t - Contained Metal: 104 - Contained Unit: koz #### Prior Estimate - Resource Date: 2025-03-30 #### Lab - Laboratory: Palito laboratory and ALS laboratory #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2025-03-30T00:00:00.000Z #### Dates - Event date: 2026-04-28T00:00:00.000Z Reasoning: This is a historical Proven Reserve for Palito Mine, provided for comparison purposes. Evidence · table > 422 Context: Proven #### Tags used in scoring **Proven Reserve** Polarity: positive Definition: Measured Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "proven" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 ### probable [Link to this fact](https://atlas-staging.minestarters.com/news/results-of-updated-mineral-resource-and-reserves-increases-consolidated-m-i-to-7--f2f6136f-5f9d-4d7c-a1ef-7f7107547834#fact-resource-facts-33) Palito Mine · gold Historical result Needs review: historical\_restatement #### Identity - Project: Palito Mine - Commodity: gold - Ticker: SBI.TO #### Resource scope - Estimate type: reserve - Reporting standards: ni\_43\_101, other - QP Signed: Yes - Qualified person names: Carlos Guzman, Nicolas Fuster, Michael Hodgson - Resource group id: resource:6d84df7bd53b91afc060 - Ownership percent: 100 % #### Resource Data - Category: probable - Tonnes: 224000 - Grade: 6 - Grade Unit: g/t - Contained Metal: 43 - Contained Unit: koz #### Prior Estimate - Resource Date: 2025-03-30 #### Lab - Laboratory: Palito laboratory and ALS laboratory #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2025-03-30T00:00:00.000Z #### Dates - Event date: 2026-04-28T00:00:00.000Z Reasoning: This is a historical Probable Reserve for Palito Mine, provided for comparison purposes. Evidence · table > 224 Context: Probable #### Tags used in scoring **Probable Reserve** Polarity: positive Definition: Indicated Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "probable" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 ### probable [Link to this fact](https://atlas-staging.minestarters.com/news/results-of-updated-mineral-resource-and-reserves-increases-consolidated-m-i-to-7--f2f6136f-5f9d-4d7c-a1ef-7f7107547834#fact-resource-facts-34) Palito Mine · gold Historical result Needs review: historical\_restatement #### Identity - Project: Palito Mine - Commodity: gold - Ticker: SBI.TO #### Resource scope - Estimate type: reserve - Reporting standards: ni\_43\_101, other - QP Signed: Yes - Qualified person names: Carlos Guzman, Nicolas Fuster, Michael Hodgson - Resource group id: resource:feb0b4d1eb38e4c68741 - Ownership percent: 100 % #### Resource Data - Category: probable - Tonnes: 646000 - Grade: 7.1 - Grade Unit: g/t - Contained Metal: 147 - Contained Unit: koz #### Prior Estimate - Resource Date: 2025-03-30 #### Lab - Laboratory: Palito laboratory and ALS laboratory #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2025-03-30T00:00:00.000Z #### Dates - Event date: 2026-04-28T00:00:00.000Z Reasoning: This is a historical Proven & Probable Reserve for Palito Mine, provided for comparison purposes. Evidence · table > 646 Context: Proven & Probable Reserves #### Tags used in scoring **Probable Reserve** Polarity: positive Definition: Indicated Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "probable" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 ### measured [Link to this fact](https://atlas-staging.minestarters.com/news/results-of-updated-mineral-resource-and-reserves-increases-consolidated-m-i-to-7--f2f6136f-5f9d-4d7c-a1ef-7f7107547834#fact-resource-facts-35) Palito Mine · gold #### Identity - Project: Palito Mine - Commodity: gold - Ticker: SBI.TO #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101, other - QP Signed: Yes - Qualified person names: Carlos Guzman, Nicolas Fuster, Michael Hodgson - Resource group id: resource:eb2cd24f07c22120620d - Ownership percent: 100 % #### Resource Data - Category: measured - Tonnes: 815000 - Grade: 10.5 - Grade Unit: g/t - Contained Metal: 275 - Contained Unit: koz #### Prior Estimate - Resource Date: 2026-01-31 #### Lab - Laboratory: Palito laboratory and ALS laboratory #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-04-28T00:00:00.000Z Reasoning: The Measured Resource for Palito Mine shows tonnage and contained metal growth compared to the prior estimate, despite a slight grade decrease, indicating a positive update. - Positive factor: Measured Resource - Positive factor: QP/CP Signed - Positive factor: NI 43-101 Compliant - Positive factor: High Grade - Positive factor: Tonnage Growth - Positive factor: Contained Metal Growth - Negative factor: Grade Decline Evidence · table > 815 Context: Measured Resources #### Tags used in scoring **Measured Resource** Polarity: positive Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves. Why it applies: category is "measured" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/results-of-updated-mineral-resource-and-reserves-increases-consolidated-m-i-to-7--f2f6136f-5f9d-4d7c-a1ef-7f7107547834#fact-resource-facts-36) Palito Mine · gold #### Identity - Project: Palito Mine - Commodity: gold - Ticker: SBI.TO #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101, other - QP Signed: Yes - Qualified person names: Carlos Guzman, Nicolas Fuster, Michael Hodgson - Resource group id: resource:ac979a4463983e2da0ef - Ownership percent: 100 % #### Resource Data - Category: indicated - Tonnes: 460000 - Grade: 7.7 - Grade Unit: g/t - Contained Metal: 114 - Contained Unit: koz #### Prior Estimate - Resource Date: 2026-01-31 #### Lab - Laboratory: Palito laboratory and ALS laboratory #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-04-28T00:00:00.000Z Reasoning: The Indicated Resource for Palito Mine shows strong tonnage and contained metal growth compared to the prior estimate, with grade maintained, indicating a positive update. - Positive factor: Indicated Resource - Positive factor: QP/CP Signed - Positive factor: NI 43-101 Compliant - Positive factor: High Grade - Positive factor: Tonnage Growth - Positive factor: Contained Metal Growth Evidence · table > 460 Context: Indicated Resources #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/results-of-updated-mineral-resource-and-reserves-increases-consolidated-m-i-to-7--f2f6136f-5f9d-4d7c-a1ef-7f7107547834#fact-resource-facts-37) Palito Mine · gold #### Identity - Project: Palito Mine - Commodity: gold - Ticker: SBI.TO #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101, other - QP Signed: Yes - Qualified person names: Carlos Guzman, Nicolas Fuster, Michael Hodgson - Resource group id: resource:2f1acf24309c78627439 - Ownership percent: 100 % #### Resource Data - Category: indicated - Tonnes: 1275000 - Grade: 9.5 - Grade Unit: g/t - Contained Metal: 389 - Contained Unit: koz #### Prior Estimate - Resource Date: 2026-01-31 #### Lab - Laboratory: Palito laboratory and ALS laboratory #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-04-28T00:00:00.000Z Reasoning: The combined Measured & Indicated Resource for Palito Mine shows strong tonnage and contained metal growth compared to the prior estimate, despite a slight grade decrease, indicating a material update. - Positive factor: Indicated Resource - Positive factor: QP/CP Signed - Positive factor: NI 43-101 Compliant - Positive factor: High Grade - Positive factor: Tonnage Growth - Positive factor: Contained Metal Growth - Negative factor: Grade Decline Evidence · table > 1,275 Context: Measured & Indicated Resources #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/results-of-updated-mineral-resource-and-reserves-increases-consolidated-m-i-to-7--f2f6136f-5f9d-4d7c-a1ef-7f7107547834#fact-resource-facts-38) Palito Mine · gold Historical result Needs review: historical\_restatement #### Identity - Project: Palito Mine - Commodity: gold - Ticker: SBI.TO #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101, other - QP Signed: Yes - Qualified person names: Carlos Guzman, Nicolas Fuster, Michael Hodgson - Resource group id: resource:3051e905d67c2bf8b1cd - Ownership percent: 100 % #### Resource Data - Category: inferred - Tonnes: 744000 - Grade: 6.5 - Grade Unit: g/t - Contained Metal: 157 - Contained Unit: koz #### Prior Estimate - Resource Date: 2026-01-31 #### Lab - Laboratory: Palito laboratory and ALS laboratory #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes #### Dates - Event date: 2026-04-28T00:00:00.000Z Reasoning: The Inferred Resource for Palito Mine shows tonnage growth but a decrease in grade and contained metal compared to the prior estimate, indicating a mixed update. - Positive factor: Inferred Resource - Positive factor: QP/CP Signed - Positive factor: NI 43-101 Compliant - Positive factor: Tonnage Growth - Negative factor: Grade Decline - Negative factor: Contained Metal Decline Evidence · table > 744 Context: Inferred Resources #### 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 ### measured [Link to this fact](https://atlas-staging.minestarters.com/news/results-of-updated-mineral-resource-and-reserves-increases-consolidated-m-i-to-7--f2f6136f-5f9d-4d7c-a1ef-7f7107547834#fact-resource-facts-39) Palito Mine · gold Historical result Needs review: historical\_restatement #### Identity - Project: Palito Mine - Commodity: gold - Ticker: SBI.TO #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101, other - QP Signed: Yes - Qualified person names: Carlos Guzman, Nicolas Fuster, Michael Hodgson - Resource group id: resource:8aa29e8adfa900166ecf - Ownership percent: 100 % #### Resource Data - Category: measured - Tonnes: 769000 - Grade: 10.8 - Grade Unit: g/t - Contained Metal: 267 - Contained Unit: koz #### Prior Estimate - Resource Date: 2025-03-30 #### Lab - Laboratory: Palito laboratory and ALS laboratory #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2025-03-30T00:00:00.000Z #### Dates - Event date: 2026-04-28T00:00:00.000Z Reasoning: This is a historical Measured Resource for Palito Mine, provided for comparison purposes. Evidence · table > 769 Context: Measured Resources #### Tags used in scoring **Measured Resource** Polarity: positive Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves. Why it applies: category is "measured" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/results-of-updated-mineral-resource-and-reserves-increases-consolidated-m-i-to-7--f2f6136f-5f9d-4d7c-a1ef-7f7107547834#fact-resource-facts-40) Palito Mine · gold Historical result Needs review: historical\_restatement #### Identity - Project: Palito Mine - Commodity: gold - Ticker: SBI.TO #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101, other - QP Signed: Yes - Qualified person names: Carlos Guzman, Nicolas Fuster, Michael Hodgson - Resource group id: resource:62e7cb7b76e4aaad4f2a - Ownership percent: 100 % #### Resource Data - Category: indicated - Tonnes: 333000 - Grade: 7.7 - Grade Unit: g/t - Contained Metal: 83 - Contained Unit: koz #### Prior Estimate - Resource Date: 2025-03-30 #### Lab - Laboratory: Palito laboratory and ALS laboratory #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2025-03-30T00:00:00.000Z #### Dates - Event date: 2026-04-28T00:00:00.000Z Reasoning: This is a historical Indicated Resource for Palito Mine, provided for comparison purposes. Evidence · table > 333 Context: Indicated Resources #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/results-of-updated-mineral-resource-and-reserves-increases-consolidated-m-i-to-7--f2f6136f-5f9d-4d7c-a1ef-7f7107547834#fact-resource-facts-41) Palito Mine · gold Historical result Needs review: historical\_restatement #### Identity - Project: Palito Mine - Commodity: gold - Ticker: SBI.TO #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101, other - QP Signed: Yes - Qualified person names: Carlos Guzman, Nicolas Fuster, Michael Hodgson - Resource group id: resource:8f8a4ed7e5ca131defae - Ownership percent: 100 % #### Resource Data - Category: indicated - Tonnes: 1102000 - Grade: 9.9 - Grade Unit: g/t - Contained Metal: 350 - Contained Unit: koz #### Prior Estimate - Resource Date: 2025-03-30 #### Lab - Laboratory: Palito laboratory and ALS laboratory #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2025-03-30T00:00:00.000Z #### Dates - Event date: 2026-04-28T00:00:00.000Z Reasoning: This is a historical Measured & Indicated Resource for Palito Mine, provided for comparison purposes. Evidence · table > 1,102 Context: Measured & Indicated Resources #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/results-of-updated-mineral-resource-and-reserves-increases-consolidated-m-i-to-7--f2f6136f-5f9d-4d7c-a1ef-7f7107547834#fact-resource-facts-42) Palito Mine · gold Historical result Needs review: historical\_restatement #### Identity - Project: Palito Mine - Commodity: gold - Ticker: SBI.TO #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101, other - QP Signed: Yes - Qualified person names: Carlos Guzman, Nicolas Fuster, Michael Hodgson - Resource group id: resource:90cbd0fb311a9f4b56ae - Ownership percent: 100 % #### Resource Data - Category: inferred - Tonnes: 682000 - Grade: 7.4 - Grade Unit: g/t - Contained Metal: 162 - Contained Unit: koz #### Prior Estimate - Resource Date: 2025-03-30 #### Lab - Laboratory: Palito laboratory and ALS laboratory #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2025-03-30T00:00:00.000Z #### Dates - Event date: 2026-04-28T00:00:00.000Z Reasoning: This is a historical Inferred Resource for Palito Mine, provided for comparison purposes. Evidence · table > 682 Context: Inferred Resources #### 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 ### measured [Link to this fact](https://atlas-staging.minestarters.com/news/results-of-updated-mineral-resource-and-reserves-increases-consolidated-m-i-to-7--f2f6136f-5f9d-4d7c-a1ef-7f7107547834#fact-resource-facts-43) Coringa Mine · gold #### Identity - Project: Coringa Mine - Commodity: gold - Ticker: SBI.TO #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101, other - QP Signed: Yes - Qualified person names: Carlos Guzman, Nicolas Fuster, Michael Hodgson - Resource group id: resource:4fd529404db231653b54 - Ownership percent: 100 % #### Resource Data - Category: measured - Tonnes: 358000 - Grade: 11.2 - Grade Unit: g/t - Contained Metal: 129 - Contained Unit: koz #### Prior Estimate - Resource Date: 2026-01-31 #### Lab - Laboratory: Palito laboratory and ALS laboratory #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-04-28T00:00:00.000Z Reasoning: The Measured Resource for Coringa Mine shows exceptional growth in tonnage, grade, and contained metal compared to the prior estimate, indicating a very positive update. - Positive factor: Measured Resource - Positive factor: QP/CP Signed - Positive factor: NI 43-101 Compliant - Positive factor: High Grade - Positive factor: Tonnage Growth - Positive factor: Contained Metal Growth - Positive factor: Grade Improvement Evidence · table > 358 Context: Measured Resources #### Tags used in scoring **Measured Resource** Polarity: positive Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves. Why it applies: category is "measured" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/results-of-updated-mineral-resource-and-reserves-increases-consolidated-m-i-to-7--f2f6136f-5f9d-4d7c-a1ef-7f7107547834#fact-resource-facts-44) Coringa Mine · gold #### Identity - Project: Coringa Mine - Commodity: gold - Ticker: SBI.TO #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101, other - QP Signed: Yes - Qualified person names: Carlos Guzman, Nicolas Fuster, Michael Hodgson - Resource group id: resource:baf88c5a0f1027d184c6 - Ownership percent: 100 % #### Resource Data - Category: indicated - Tonnes: 702000 - Grade: 7.7 - Grade Unit: g/t - Contained Metal: 174 - Contained Unit: koz #### Prior Estimate - Resource Date: 2026-01-31 #### Lab - Laboratory: Palito laboratory and ALS laboratory #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-04-28T00:00:00.000Z Reasoning: The Indicated Resource for Coringa Mine shows strong growth in tonnage, grade, and contained metal compared to the prior estimate, indicating a very positive update. - Positive factor: Indicated Resource - Positive factor: QP/CP Signed - Positive factor: NI 43-101 Compliant - Positive factor: High Grade - Positive factor: Tonnage Growth - Positive factor: Contained Metal Growth - Positive factor: Grade Improvement Evidence · table > 702 Context: Indicated Resources #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/results-of-updated-mineral-resource-and-reserves-increases-consolidated-m-i-to-7--f2f6136f-5f9d-4d7c-a1ef-7f7107547834#fact-resource-facts-45) Coringa Mine · gold #### Identity - Project: Coringa Mine - Commodity: gold - Ticker: SBI.TO #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101, other - QP Signed: Yes - Qualified person names: Carlos Guzman, Nicolas Fuster, Michael Hodgson - Resource group id: resource:2218f6e448aeafdec689 - Ownership percent: 100 % #### Resource Data - Category: indicated - Tonnes: 1060000 - Grade: 8.9 - Grade Unit: g/t - Contained Metal: 304 - Contained Unit: koz #### Prior Estimate - Resource Date: 2026-01-31 #### Lab - Laboratory: Palito laboratory and ALS laboratory #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-04-28T00:00:00.000Z Reasoning: The combined Measured & Indicated Resource for Coringa Mine shows exceptional growth in tonnage, grade, and contained metal, making it a highly material and positive update. - Positive factor: Indicated Resource - Positive factor: QP/CP Signed - Positive factor: NI 43-101 Compliant - Positive factor: High Grade - Positive factor: Tonnage Growth - Positive factor: Contained Metal Growth - Positive factor: Grade Improvement Evidence · table > 1,060 Context: Measured & Indicated Resources #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/results-of-updated-mineral-resource-and-reserves-increases-consolidated-m-i-to-7--f2f6136f-5f9d-4d7c-a1ef-7f7107547834#fact-resource-facts-46) Coringa Mine · gold #### Identity - Project: Coringa Mine - Commodity: gold - Ticker: SBI.TO #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101, other - QP Signed: Yes - Qualified person names: Carlos Guzman, Nicolas Fuster, Michael Hodgson - Resource group id: resource:5ab56594337b624ccb11 - Ownership percent: 100 % #### Resource Data - Category: inferred - Tonnes: 1755000 - Grade: 8.8 - Grade Unit: g/t - Contained Metal: 495 - Contained Unit: koz #### Prior Estimate - Resource Date: 2026-01-31 #### Lab - Laboratory: Palito laboratory and ALS laboratory #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-04-28T00:00:00.000Z Reasoning: The Inferred Resource for Coringa Mine shows exceptional growth in tonnage, grade, and contained metal, indicating significant future potential. - Positive factor: Inferred Resource - Positive factor: QP/CP Signed - Positive factor: NI 43-101 Compliant - Positive factor: High Grade - Positive factor: Tonnage Growth - Positive factor: Contained Metal Growth - Positive factor: Grade Improvement Evidence · table > 1,755 Context: Inferred Resources #### 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 ### measured [Link to this fact](https://atlas-staging.minestarters.com/news/results-of-updated-mineral-resource-and-reserves-increases-consolidated-m-i-to-7--f2f6136f-5f9d-4d7c-a1ef-7f7107547834#fact-resource-facts-47) Coringa Mine · gold Historical result Needs review: historical\_restatement #### Identity - Project: Coringa Mine - Commodity: gold - Ticker: SBI.TO #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101, other - QP Signed: Yes - Qualified person names: Carlos Guzman, Nicolas Fuster, Michael Hodgson - Resource group id: resource:727fd5ec3ca0b143041b - Ownership percent: 100 % #### Resource Data - Category: measured - Tonnes: 172000 - Grade: 9 - Grade Unit: g/t - Contained Metal: 49 - Contained Unit: koz #### Prior Estimate - Resource Date: 2024-04-16 #### Lab - Laboratory: Palito laboratory and ALS laboratory #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2024-04-16T00:00:00.000Z #### Dates - Event date: 2026-04-28T00:00:00.000Z Reasoning: This is a historical Measured Resource for Coringa Mine, provided for comparison purposes. Evidence · table > 172 Context: Measured Resources #### Tags used in scoring **Measured Resource** Polarity: positive Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves. Why it applies: category is "measured" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **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 **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 2.0 years before this release ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/results-of-updated-mineral-resource-and-reserves-increases-consolidated-m-i-to-7--f2f6136f-5f9d-4d7c-a1ef-7f7107547834#fact-resource-facts-48) Coringa Mine · gold Historical result Needs review: historical\_restatement #### Identity - Project: Coringa Mine - Commodity: gold - Ticker: SBI.TO #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101, other - QP Signed: Yes - Qualified person names: Carlos Guzman, Nicolas Fuster, Michael Hodgson - Resource group id: resource:41188d7f306d6b1b28f3 - Ownership percent: 100 % #### Resource Data - Category: indicated - Tonnes: 623000 - Grade: 6.5 - Grade Unit: g/t - Contained Metal: 130 - Contained Unit: koz #### Prior Estimate - Resource Date: 2024-04-16 #### Lab - Laboratory: Palito laboratory and ALS laboratory #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2024-04-16T00:00:00.000Z #### Dates - Event date: 2026-04-28T00:00:00.000Z Reasoning: This is a historical Indicated Resource for Coringa Mine, provided for comparison purposes. Evidence · table > 623 Context: Indicated Resources #### 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 **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 2.0 years before this release ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/results-of-updated-mineral-resource-and-reserves-increases-consolidated-m-i-to-7--f2f6136f-5f9d-4d7c-a1ef-7f7107547834#fact-resource-facts-49) Coringa Mine · gold Historical result Needs review: historical\_restatement #### Identity - Project: Coringa Mine - Commodity: gold - Ticker: SBI.TO #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101, other - QP Signed: Yes - Qualified person names: Carlos Guzman, Nicolas Fuster, Michael Hodgson - Resource group id: resource:0decd102fddf2d068c1d - Ownership percent: 100 % #### Resource Data - Category: indicated - Tonnes: 795000 - Grade: 7 - Grade Unit: g/t - Contained Metal: 179 - Contained Unit: koz #### Prior Estimate - Resource Date: 2024-04-16 #### Lab - Laboratory: Palito laboratory and ALS laboratory #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2024-04-16T00:00:00.000Z #### Dates - Event date: 2026-04-28T00:00:00.000Z Reasoning: This is a historical Measured & Indicated Resource for Coringa Mine, provided for comparison purposes. Evidence · table > 795 Context: Measured & Indicated Resources #### 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 **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 2.0 years before this release ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/results-of-updated-mineral-resource-and-reserves-increases-consolidated-m-i-to-7--f2f6136f-5f9d-4d7c-a1ef-7f7107547834#fact-resource-facts-50) Coringa Mine · gold Historical result Needs review: historical\_restatement #### Identity - Project: Coringa Mine - Commodity: gold - Ticker: SBI.TO #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101, other - QP Signed: Yes - Qualified person names: Carlos Guzman, Nicolas Fuster, Michael Hodgson - Resource group id: resource:c6db18ff78bbc140cf31 - Ownership percent: 100 % #### Resource Data - Category: inferred - Tonnes: 1454000 - Grade: 5.8 - Grade Unit: g/t - Contained Metal: 271 - Contained Unit: koz #### Prior Estimate - Resource Date: 2024-04-16 #### Lab - Laboratory: Palito laboratory and ALS laboratory #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2024-04-16T00:00:00.000Z #### Dates - Event date: 2026-04-28T00:00:00.000Z Reasoning: This is a historical Inferred Resource for Coringa Mine, provided for comparison purposes. Evidence · table > 1,454 Context: Inferred Resources #### 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 **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 2.0 years before this release ## 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.