# SMM: Annual Report to shareholders

Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/smm-annual-report-to-shareholders--7d7f0612-40b2-4a07-979a-d79c244cf97e

Original source: https://www.asx.com.au/asx/v2/statistics/displayAnnouncement.do?display=pdf&idsId=03146800

Publisher: asx

Original announcement: 2026-09-30T09:00:00.000Z

Analysis by Minestarters Atlas

Atlas analysis published: 2026-09-30T09:16:21.524Z

Atlas analysis updated: 2026-09-30T09:16:21.524Z

- Company: SOMERSET MINERALS LIMITED

- Ticker: SMM

- Exchange: ASX

- Region: Nunavut, Canada

- Primary commodity: Copper

- Secondary commodities: Silver, Gold

- Document categories: Drill results, Capital raise, Agreement transaction

- Extracted: 2026-09-30 09:16:22 UTC

Narrative sentiment: 0.70 · Bullish

## Minestarters Atlas summary

Somerset Minerals Limited reported significant high-grade copper and silver drill results from its Coppermine Project in Nunavut, Canada, including new discoveries at Talisker and extensions at Jura. The company successfully raised $9.7 million through various placements and resolved a long-standing tax dispute in Ecuador in its favour. These developments highlight strong exploration progress and improved financial stability, despite shareholder dilution from capital raises and the divestment of the Blackdome-Elizabeth Gold Project.

Reasoning: The company reported strong high-grade copper and silver drill results from its Coppermine Project, including new discoveries at Talisker, demonstrating significant exploration success. Multiple capital raises were completed to fund these activities, and a material tax dispute was resolved favorably. While capital raises cause dilution, the overall exploration progress and financial de-risking are highly positive.

- Positive factor: Significant high-grade copper and silver drill intercepts reported from multiple projects \(Jura, Talisker, Laphroaig\), including new discoveries.

- Positive factor: Successful capital raises providing funding for ongoing exploration.

- Positive factor: Resolution of the Ecuadorian tax dispute in the company's favour removes a significant liability.

- Positive factor: Identification of new high-priority regional targets like Talisker, demonstrating district-scale potential.

- Negative factor: Capital raises lead to shareholder dilution.

- Negative factor: Divestment of the Blackdome-Elizabeth Gold Project, although strategic, reduces asset portfolio.

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

Facts used in scoring: 76

## Classification and evidence

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: The document explicitly mentions that exploration results are based on information compiled by Competent Persons as defined by JORC Code 2012 and refers to ALS Laboratories for assays.

Evidence · text

> The information in this report that relates to Exploration Results from 24 July 2025 onwards are based on information compiled by Mr Alex Vilela who is a Member of the Australasian Institute of Mining and Metallurgy and is the Executive Technical Director for the Company. Mr Vilela has sufficient experience that is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2012 Edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves. Mr Vilela consents to the inclusion in this report of the matters based on this information in the form and context in which it appears. ... Rock chip samples were submitted to ALS Laboratories in Yellowknife

**Step-Out Extension**

Polarity: positive

Definition: Mineralization extended beyond the previously known limit.

Why it applies: The Phase 2 drill campaign concentrated on down-dip and along-strike extensions from the original discovery hole JURC001, and step-out holes JURC009, JURC010 and JURC011 intersected multiple zones of mineralisation.

Evidence · text

> The Phase 2 campaign \(August–September 2025\) concentrated on down-dip and along-strike extensions from the original discovery hole JURC001... Step-out holes JURC009, JURC010 and JURC011 also intersected multiple zones of mineralisation, demonstrating the continuity of mineralisation.

**Bonanza Intercept**

Polarity: positive

Definition: Exceptionally high-grade zone, well above the deposit-type norm.

Why it applies: Multiple copper intercepts, such as 9.1 m @ 2.88% Cu in JURC005, 4.6 m @ 6.87% Cu in JURC006, and 3.05m @ 6.32% Cu in TARC0008, are well above the exceptional threshold for copper.

Evidence · text

> 61.0 m @ 0.85% Cu from 67.1 m \(including 27.4 m @ 1.49% Cu and 9.1 m @ 2.88% Cu\) in JURC005, and 59.4 m @ 1.5% Cu from 83.8 m in JURC006 \(including 19.8 m @ 3.54% Cu and 4.6 m @ 6.87% Cu\).

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: The Coppermine Project is positioned along strike from White Cliff Minerals’ Danvers prospect, and the Prescott Project is adjacent to American West Metals Limited’s Storm Copper Project, with both used as a basis for prospectivity.

Evidence · text

> Importantly, the Project covers a significant portion of the Copper Creek Formation, which is known to host high-grade copper mineralisation. ... Somerset holds the ground surrounding, and along strike from, White Cliff Minerals’ Danvers prospect, which hosts a historical \(non-JORC and non-NI 43-101 compliant\) resource estimate of 4.16 Mt @ 2.96% Cu. ... The Prescott Project consists of 52 licences covering 624km² that are located directly along strike and adjacent to American West Metals Limited’s \(ASX:AW1\) Storm Copper Project

## Extracted facts

Stored fact records: 76. Some facts used in scoring do not have a stored record.

## Drill Results (76)

### JURC005

[Link to this fact](https://atlas-staging.minestarters.com/news/smm-annual-report-to-shareholders--7d7f0612-40b2-4a07-979a-d79c244cf97e#fact-drill-facts-0)

Coppermine · copper

#### Identity

- Hole ID: JURC005
- Project: Coppermine
- Commodity: copper
- Region: canada\_nu
- Reported Region: canada\_nu
- Ticker: SMM

#### Geometry

- Grade: 0.85
- Grade Unit: %
- Intercept: 61 m
- From: 67.1 m
- To: 128.1 m
- Intercept Depth: 67.1 m

#### Classification

- Program: exploration
- Sample Type: drill
- Group ID: JURC005:67.1-128.1

#### QA/QC

- QP Signed: Yes
- QA/QC Methods: standards

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-30T00:00:00.000Z

Reasoning: This intercept shows a strong copper grade over a significant width, extending the known mineralization down-dip at Jura, which is a positive for resource potential.

- Positive factor: Strong copper grade for a broad intercept, indicating significant mineralization.

- Positive factor: Intercept extends mineralization down-dip, confirming continuity.

Evidence · text

> 61.0 m @ 0.85% Cu from 67.1 m

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc\_disclosed is not true

**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

### JURC005

[Link to this fact](https://atlas-staging.minestarters.com/news/smm-annual-report-to-shareholders--7d7f0612-40b2-4a07-979a-d79c244cf97e#fact-drill-facts-1)

Coppermine · copper

#### Identity

- Hole ID: JURC005
- Project: Coppermine
- Commodity: copper
- Region: canada\_nu
- Reported Region: canada\_nu
- Ticker: SMM

#### Geometry

- Grade: 1.49
- Grade Unit: %
- Intercept: 27.4 m

#### Classification

- Program: exploration
- Sample Type: drill

#### QA/QC

- QP Signed: Yes
- QA/QC Methods: standards

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-30T00:00:00.000Z

Reasoning: This high-grade sub-interval within JURC005 further enhances the prospectivity of the Jura system.

- Positive factor: Higher-grade sub-interval within a broader mineralized zone, indicating good quality mineralization.

Evidence · text

> including 27.4 m @ 1.49% Cu

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc\_disclosed is not true

**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

### JURC005

[Link to this fact](https://atlas-staging.minestarters.com/news/smm-annual-report-to-shareholders--7d7f0612-40b2-4a07-979a-d79c244cf97e#fact-drill-facts-2)

Coppermine · copper

#### Identity

- Hole ID: JURC005
- Project: Coppermine
- Commodity: copper
- Region: canada\_nu
- Reported Region: canada\_nu
- Ticker: SMM

#### Geometry

- Grade: 2.88
- Grade Unit: %
- Intercept: 9.1 m

#### Classification

- Program: exploration
- Sample Type: drill

#### QA/QC

- QP Signed: Yes
- QA/QC Methods: standards

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-30T00:00:00.000Z

Reasoning: This bonanza-grade sub-interval significantly boosts the overall quality of the JURC005 intercept.

- Positive factor: Very high-grade sub-interval, indicating bonanza-grade mineralization within the broader zone.

Evidence · text

> and 9.1 m @ 2.88% Cu

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc\_disclosed is not true

**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

### JURC006

[Link to this fact](https://atlas-staging.minestarters.com/news/smm-annual-report-to-shareholders--7d7f0612-40b2-4a07-979a-d79c244cf97e#fact-drill-facts-3)

Coppermine · copper

#### Identity

- Hole ID: JURC006
- Project: Coppermine
- Commodity: copper
- Region: canada\_nu
- Reported Region: canada\_nu
- Ticker: SMM

#### Geometry

- Grade: 1.5
- Grade Unit: %
- Intercept: 59.4 m
- From: 83.8 m
- To: 143.2 m
- Intercept Depth: 83.8 m

#### Classification

- Program: exploration
- Sample Type: drill
- Group ID: JURC006:83.8-143.2

#### QA/QC

- QP Signed: Yes
- QA/QC Methods: standards

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-30T00:00:00.000Z

Reasoning: JURC006 shows excellent copper grades over a broad interval, extending the mineralization at depth.

- Positive factor: Strong copper grade over a significant width, confirming continuous mineralization down-dip.

Evidence · text

> 59.4 m @ 1.5% Cu from 83.8 m

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc\_disclosed is not true

**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

### JURC006

[Link to this fact](https://atlas-staging.minestarters.com/news/smm-annual-report-to-shareholders--7d7f0612-40b2-4a07-979a-d79c244cf97e#fact-drill-facts-4)

Coppermine · copper

#### Identity

- Hole ID: JURC006
- Project: Coppermine
- Commodity: copper
- Region: canada\_nu
- Reported Region: canada\_nu
- Ticker: SMM

#### Geometry

- Grade: 3.54
- Grade Unit: %
- Intercept: 19.8 m

#### Classification

- Program: exploration
- Sample Type: drill

#### QA/QC

- QP Signed: Yes
- QA/QC Methods: standards

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-30T00:00:00.000Z

Reasoning: This high-grade sub-interval within JURC006 significantly enhances the overall quality of the intercept.

- Positive factor: Very high-grade sub-interval, indicating bonanza-grade mineralization.

Evidence · text

> including 19.8 m @ 3.54% Cu

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc\_disclosed is not true

**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

### JURC006

[Link to this fact](https://atlas-staging.minestarters.com/news/smm-annual-report-to-shareholders--7d7f0612-40b2-4a07-979a-d79c244cf97e#fact-drill-facts-5)

Coppermine · copper

#### Identity

- Hole ID: JURC006
- Project: Coppermine
- Commodity: copper
- Region: canada\_nu
- Reported Region: canada\_nu
- Ticker: SMM

#### Geometry

- Grade: 6.87
- Grade Unit: %
- Intercept: 4.6 m

#### Classification

- Program: exploration
- Sample Type: drill

#### QA/QC

- QP Signed: Yes
- QA/QC Methods: standards

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-30T00:00:00.000Z

Reasoning: This exceptional sub-interval further highlights the bonanza-grade potential within the Jura system.

- Positive factor: Exceptional bonanza-grade sub-interval, indicating very high-quality mineralization.

Evidence · text

> and 4.6 m @ 6.87% Cu

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc\_disclosed is not true

**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

### JURC012

[Link to this fact](https://atlas-staging.minestarters.com/news/smm-annual-report-to-shareholders--7d7f0612-40b2-4a07-979a-d79c244cf97e#fact-drill-facts-6)

Coppermine · copper

#### Identity

- Hole ID: JURC012
- Project: Coppermine
- Commodity: copper
- Region: canada\_nu
- Reported Region: canada\_nu
- Ticker: SMM

#### Geometry

- Grade: 1.61
- Grade Unit: %
- Intercept: 39.6 m
- From: 128 m
- To: 167.6 m
- Intercept Depth: 128 m

#### Classification

- Program: exploration
- Sample Type: drill
- Group ID: JURC012:128-167.6

#### QA/QC

- QP Signed: Yes
- QA/QC Methods: standards

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-30T00:00:00.000Z

Reasoning: JURC012 returned robust copper intercepts, demonstrating along-strike continuity of mineralization.

- Positive factor: Strong copper grade over a good width, extending mineralization along strike.

Evidence · text

> 39.6 m @ 1.61% Cu from 128 m

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc\_disclosed is not true

**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

### JURC012

[Link to this fact](https://atlas-staging.minestarters.com/news/smm-annual-report-to-shareholders--7d7f0612-40b2-4a07-979a-d79c244cf97e#fact-drill-facts-7)

Coppermine · copper

#### Identity

- Hole ID: JURC012
- Project: Coppermine
- Commodity: copper
- Region: canada\_nu
- Reported Region: canada\_nu
- Ticker: SMM

#### Geometry

- Grade: 3.14
- Grade Unit: %
- Intercept: 18.3 m

#### Classification

- Program: exploration
- Sample Type: drill

#### QA/QC

- QP Signed: Yes
- QA/QC Methods: standards

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-30T00:00:00.000Z

Reasoning: This high-grade sub-interval within JURC012 further enhances the prospectivity of the Jura system.

- Positive factor: Very high-grade sub-interval, indicating bonanza-grade mineralization.

Evidence · text

> including 18.3 m @ 3.14% Cu

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc\_disclosed is not true

**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

### JURC012

[Link to this fact](https://atlas-staging.minestarters.com/news/smm-annual-report-to-shareholders--7d7f0612-40b2-4a07-979a-d79c244cf97e#fact-drill-facts-8)

Coppermine · copper

#### Identity

- Hole ID: JURC012
- Project: Coppermine
- Commodity: copper
- Region: canada\_nu
- Reported Region: canada\_nu
- Ticker: SMM

#### Geometry

- Grade: 6.05
- Grade Unit: %
- Intercept: 4.6 m

#### Classification

- Program: exploration
- Sample Type: drill

#### QA/QC

- QP Signed: Yes
- QA/QC Methods: standards

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-30T00:00:00.000Z

Reasoning: This exceptional sub-interval further highlights the bonanza-grade potential within the Jura system.

- Positive factor: Exceptional bonanza-grade sub-interval, indicating very high-quality mineralization.

Evidence · text

> 4.6 m @ 6.05% Cu

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc\_disclosed is not true

**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

### JURC008

[Link to this fact](https://atlas-staging.minestarters.com/news/smm-annual-report-to-shareholders--7d7f0612-40b2-4a07-979a-d79c244cf97e#fact-drill-facts-9)

Coppermine · copper

#### Identity

- Hole ID: JURC008
- Project: Coppermine
- Commodity: copper
- Region: canada\_nu
- Reported Region: canada\_nu
- Ticker: SMM

#### Geometry

- Grade: 0.57
- Grade Unit: %
- Intercept: 71.6 m
- From: 89.9 m
- To: 161.5 m
- Intercept Depth: 89.9 m

#### Classification

- Program: exploration
- Sample Type: drill
- Group ID: JURC008:89.9-161.5

#### QA/QC

- QP Signed: Yes
- QA/QC Methods: standards

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-30T00:00:00.000Z

Reasoning: JURC008 shows a broad zone of copper mineralization, contributing to the understanding of the Jura system's scale.

- Positive factor: Broad intercept of copper mineralization, indicating significant width.

Evidence · text

> 71.6 m @ 0.57% Cu from 89.9 m

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc\_disclosed is not true

**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

### JURC008

[Link to this fact](https://atlas-staging.minestarters.com/news/smm-annual-report-to-shareholders--7d7f0612-40b2-4a07-979a-d79c244cf97e#fact-drill-facts-10)

Coppermine · copper

#### Identity

- Hole ID: JURC008
- Project: Coppermine
- Commodity: copper
- Region: canada\_nu
- Reported Region: canada\_nu
- Ticker: SMM

#### Geometry

- Grade: 2.47
- Grade Unit: %
- Intercept: 10.7 m

#### Classification

- Program: exploration
- Sample Type: drill

#### QA/QC

- QP Signed: Yes
- QA/QC Methods: standards

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-30T00:00:00.000Z

Reasoning: This high-grade sub-interval within JURC008 improves the overall quality of the intercept.

- Positive factor: High-grade sub-interval within a broader mineralized zone.

Evidence · text

> 10.7 m @ 2.47% Cu

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc\_disclosed is not true

**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

### JURC008

[Link to this fact](https://atlas-staging.minestarters.com/news/smm-annual-report-to-shareholders--7d7f0612-40b2-4a07-979a-d79c244cf97e#fact-drill-facts-11)

Coppermine · copper

#### Identity

- Hole ID: JURC008
- Project: Coppermine
- Commodity: copper
- Region: canada\_nu
- Reported Region: canada\_nu
- Ticker: SMM

#### Geometry

- Grade: 4.38
- Grade Unit: %
- Intercept: 4.6 m

#### Classification

- Program: exploration
- Sample Type: drill

#### QA/QC

- QP Signed: Yes
- QA/QC Methods: standards

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-30T00:00:00.000Z

Reasoning: This bonanza-grade sub-interval further enhances the prospectivity within JURC008.

- Positive factor: Very high-grade sub-interval, indicating bonanza-grade mineralization.

Evidence · text

> 4.6 m @ 4.38% Cu

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc\_disclosed is not true

**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

### JURC007

[Link to this fact](https://atlas-staging.minestarters.com/news/smm-annual-report-to-shareholders--7d7f0612-40b2-4a07-979a-d79c244cf97e#fact-drill-facts-12)

Coppermine · copper

#### Identity

- Hole ID: JURC007
- Project: Coppermine
- Commodity: copper
- Region: canada\_nu
- Reported Region: canada\_nu
- Ticker: SMM

#### Geometry

- Grade: 0.82
- Grade Unit: %
- Intercept: 16.8 m
- From: 53.3 m
- To: 70.1 m
- Intercept Depth: 53.3 m

#### Classification

- Program: exploration
- Sample Type: drill
- Group ID: JURC007:53.3-70.1

#### QA/QC

- QP Signed: Yes
- QA/QC Methods: standards

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-30T00:00:00.000Z

Reasoning: JURC007 returned a solid copper intercept, supporting the along-strike extension of mineralization.

- Positive factor: Moderate copper grade over a reasonable width, contributing to along-strike continuity.

Evidence · text

> 16.8 m @ 0.82% Cu from 53.3 m

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc\_disclosed is not true

**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

### JURC007

[Link to this fact](https://atlas-staging.minestarters.com/news/smm-annual-report-to-shareholders--7d7f0612-40b2-4a07-979a-d79c244cf97e#fact-drill-facts-13)

Coppermine · copper

#### Identity

- Hole ID: JURC007
- Project: Coppermine
- Commodity: copper
- Region: canada\_nu
- Reported Region: canada\_nu
- Ticker: SMM

#### Geometry

- Grade: 2.97
- Grade Unit: %
- Intercept: 3 m

#### Classification

- Program: exploration
- Sample Type: drill

#### QA/QC

- QP Signed: Yes
- QA/QC Methods: standards

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-30T00:00:00.000Z

Reasoning: This high-grade sub-interval within JURC007 improves the overall quality of the intercept.

- Positive factor: High-grade sub-interval, indicating good quality mineralization within the broader zone.

Evidence · text

> 3.0 m @ 2.97% Cu

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc\_disclosed is not true

**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

### JURC001

[Link to this fact](https://atlas-staging.minestarters.com/news/smm-annual-report-to-shareholders--7d7f0612-40b2-4a07-979a-d79c244cf97e#fact-drill-facts-14)

Coppermine · copper

#### Identity

- Hole ID: JURC001
- Project: Coppermine
- Commodity: copper
- Region: canada\_nu
- Reported Region: canada\_nu
- Ticker: SMM

#### Geometry

- Grade: 2.69
- Grade Unit: %
- Intercept: 42.7 m
- From: 15.2 m
- To: 57.9 m
- Intercept Depth: 15.2 m

#### Classification

- Program: exploration
- Sample Type: drill
- Group ID: JURC001:15.2-57.9

#### QA/QC

- QP Signed: Yes
- QA/QC Methods: standards

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-30T00:00:00.000Z

Reasoning: JURC001 confirmed a significant high-grade, near-surface copper zone, validating historical data and indicating strong potential.

- Positive factor: Thick, high-grade, near-surface copper zone confirmed, indicating strong potential for open-pit mining.

- Positive factor: Validates historical drilling results.

Evidence · text

> JURC001 intersected 42.7 m @ 2.69% Cu from 15.2 m

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc\_disclosed is not true

**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

### JURC001

[Link to this fact](https://atlas-staging.minestarters.com/news/smm-annual-report-to-shareholders--7d7f0612-40b2-4a07-979a-d79c244cf97e#fact-drill-facts-15)

Coppermine · copper

#### Identity

- Hole ID: JURC001
- Project: Coppermine
- Commodity: copper
- Region: canada\_nu
- Reported Region: canada\_nu
- Ticker: SMM

#### Geometry

- Grade: 3.96
- Grade Unit: %
- Intercept: 16.8 m

#### Classification

- Program: exploration
- Sample Type: drill

#### QA/QC

- QP Signed: Yes
- QA/QC Methods: standards

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-30T00:00:00.000Z

Reasoning: This exceptional sub-interval within JURC001 further highlights the bonanza-grade potential of the near-surface zone.

- Positive factor: Exceptional bonanza-grade sub-interval, indicating very high-quality mineralization.

Evidence · text

> including 16.8 m @ 3.96% Cu

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc\_disclosed is not true

**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

### JURC001

[Link to this fact](https://atlas-staging.minestarters.com/news/smm-annual-report-to-shareholders--7d7f0612-40b2-4a07-979a-d79c244cf97e#fact-drill-facts-16)

Coppermine · copper

#### Identity

- Hole ID: JURC001
- Project: Coppermine
- Commodity: copper
- Region: canada\_nu
- Reported Region: canada\_nu
- Ticker: SMM

#### Geometry

- Grade: 5.51
- Grade Unit: %
- Intercept: 6.1 m

#### Classification

- Program: exploration
- Sample Type: drill

#### QA/QC

- QP Signed: Yes
- QA/QC Methods: standards

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-30T00:00:00.000Z

Reasoning: This exceptional sub-interval within JURC001 further highlights the bonanza-grade potential of the near-surface zone.

- Positive factor: Exceptional bonanza-grade sub-interval, indicating very high-quality mineralization.

Evidence · text

> and 6.1 m @ 5.51% Cu

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc\_disclosed is not true

**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

### JURC002

[Link to this fact](https://atlas-staging.minestarters.com/news/smm-annual-report-to-shareholders--7d7f0612-40b2-4a07-979a-d79c244cf97e#fact-drill-facts-17)

Coppermine · copper

#### Identity

- Hole ID: JURC002
- Project: Coppermine
- Commodity: copper
- Region: canada\_nu
- Reported Region: canada\_nu
- Ticker: SMM

#### Geometry

- Grade: 1.36
- Grade Unit: %
- Intercept: 18.29 m
- From: 108.2 m
- To: 126.49 m
- Intercept Depth: 108.2 m

#### Classification

- Program: exploration
- Sample Type: drill
- Group ID: JURC002:108.2-126.49

#### QA/QC

- QP Signed: Yes
- QA/QC Methods: standards

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-30T00:00:00.000Z

Reasoning: JURC002 shows good continuity of mineralization at depth and along strike from the initial discovery.

- Positive factor: Good copper grade over a reasonable width, demonstrating continuity at depth and along strike.

Evidence · text

> JURC002, drilled ~70 m away, returned 18.29 m @ 1.36% Cu from 108.2 m

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc\_disclosed is not true

**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

### JURC002

[Link to this fact](https://atlas-staging.minestarters.com/news/smm-annual-report-to-shareholders--7d7f0612-40b2-4a07-979a-d79c244cf97e#fact-drill-facts-18)

Coppermine · copper

#### Identity

- Hole ID: JURC002
- Project: Coppermine
- Commodity: copper
- Region: canada\_nu
- Reported Region: canada\_nu
- Ticker: SMM

#### Geometry

- Grade: 3.78
- Grade Unit: %
- Intercept: 6.1 m

#### Classification

- Program: exploration
- Sample Type: drill

#### QA/QC

- QP Signed: Yes
- QA/QC Methods: standards

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-30T00:00:00.000Z

Reasoning: This bonanza-grade sub-interval within JURC002 further enhances the prospectivity at depth.

- Positive factor: Very high-grade sub-interval, indicating bonanza-grade mineralization.

Evidence · text

> including 6.1 m @ 3.78% Cu

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc\_disclosed is not true

**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

### JURC003

[Link to this fact](https://atlas-staging.minestarters.com/news/smm-annual-report-to-shareholders--7d7f0612-40b2-4a07-979a-d79c244cf97e#fact-drill-facts-19)

Coppermine · copper

#### Identity

- Hole ID: JURC003
- Project: Coppermine
- Commodity: copper
- Region: canada\_nu
- Reported Region: canada\_nu
- Ticker: SMM

#### Geometry

- Grade: 2.55
- Grade Unit: %
- Intercept: 10.67 m
- From: 38.1 m
- To: 48.77 m
- Intercept Depth: 38.1 m

#### Classification

- Program: exploration
- Sample Type: drill
- Group ID: JURC003:38.1-48.77

#### QA/QC

- QP Signed: Yes
- QA/QC Methods: standards

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-30T00:00:00.000Z

Reasoning: JURC003 confirmed high-grade copper mineralization, extending the fault-hosted system significantly to the south.

- Positive factor: High-grade copper intercept confirming persistence of the fault-hosted system over 3 km strike.

Evidence · text

> JURC003 intersecting 10.67 m @ 2.55% Cu from 38.1 m

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc\_disclosed is not true

**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

### JURC003

[Link to this fact](https://atlas-staging.minestarters.com/news/smm-annual-report-to-shareholders--7d7f0612-40b2-4a07-979a-d79c244cf97e#fact-drill-facts-20)

Coppermine · copper

#### Identity

- Hole ID: JURC003
- Project: Coppermine
- Commodity: copper
- Region: canada\_nu
- Reported Region: canada\_nu
- Ticker: SMM

#### Geometry

- Grade: 5.55
- Grade Unit: %
- Intercept: 4.57 m

#### Classification

- Program: exploration
- Sample Type: drill

#### QA/QC

- QP Signed: Yes
- QA/QC Methods: standards

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-30T00:00:00.000Z

Reasoning: This exceptional sub-interval within JURC003 further highlights the bonanza-grade potential of the fault system.

- Positive factor: Exceptional bonanza-grade sub-interval, indicating very high-quality mineralization.

Evidence · text

> including 4.57 m @ 5.55% Cu

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc\_disclosed is not true

**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

### JURC006

[Link to this fact](https://atlas-staging.minestarters.com/news/smm-annual-report-to-shareholders--7d7f0612-40b2-4a07-979a-d79c244cf97e#fact-drill-facts-21)

Coppermine · gold

#### Identity

- Hole ID: JURC006
- Project: Coppermine
- Commodity: gold
- Region: canada\_nu
- Reported Region: canada\_nu
- Ticker: SMM

#### Geometry

- Grade: 0.7
- Grade Unit: g/t
- Intercept: 1.5 m

#### Classification

- Program: exploration
- Sample Type: drill

#### QA/QC

- QP Signed: Yes
- QA/QC Methods: standards

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-30T00:00:00.000Z

Reasoning: Re-assays confirmed a gold component in JURC006, indicating polymetallic potential, though the grade is moderate.

- Positive factor: Confirmation of a gold component to the system, adding potential byproduct value.

Evidence · text

> drill re-sampling \(e.g. in JURC006\) yielding up to 0.7 g/t Au over 1.5 m

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc\_disclosed is not true

**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

### JURC006

[Link to this fact](https://atlas-staging.minestarters.com/news/smm-annual-report-to-shareholders--7d7f0612-40b2-4a07-979a-d79c244cf97e#fact-drill-facts-22)

Coppermine · copper

#### Identity

- Hole ID: JURC006
- Project: Coppermine
- Commodity: copper
- Region: canada\_nu
- Reported Region: canada\_nu
- Ticker: SMM

#### Geometry

- Grade: 8.3
- Grade Unit: %
- Intercept: 1.5 m

#### Classification

- Program: exploration
- Sample Type: drill

#### QA/QC

- QP Signed: Yes
- QA/QC Methods: standards

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-30T00:00:00.000Z

Reasoning: Re-assays confirmed exceptional copper grades in JURC006, reinforcing the high-grade nature of the system.

- Positive factor: Exceptional bonanza-grade copper, confirming very high-quality mineralization.

Evidence · text

> alongside 8.3% Cu

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc\_disclosed is not true

**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

### JURC006

[Link to this fact](https://atlas-staging.minestarters.com/news/smm-annual-report-to-shareholders--7d7f0612-40b2-4a07-979a-d79c244cf97e#fact-drill-facts-23)

Coppermine · silver

#### Identity

- Hole ID: JURC006
- Project: Coppermine
- Commodity: silver
- Region: canada\_nu
- Reported Region: canada\_nu
- Ticker: SMM

#### Geometry

- Grade: 7.5
- Grade Unit: g/t
- Intercept: 1.5 m

#### Classification

- Program: exploration
- Sample Type: drill

#### QA/QC

- QP Signed: Yes
- QA/QC Methods: standards

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-30T00:00:00.000Z

Reasoning: Re-assays confirmed a silver component in JURC006, indicating polymetallic potential, though the grade is moderate.

- Positive factor: Confirmation of a silver component to the system, adding potential byproduct value.

Evidence · text

> and 7.5 g/t Ag

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc\_disclosed is not true

**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

### JUDD001

[Link to this fact](https://atlas-staging.minestarters.com/news/smm-annual-report-to-shareholders--7d7f0612-40b2-4a07-979a-d79c244cf97e#fact-drill-facts-24)

Coppermine · copper

#### Identity

- Hole ID: JUDD001
- Project: Coppermine
- Commodity: copper
- Region: canada\_nu
- Reported Region: canada\_nu
- Ticker: SMM

#### Geometry

- Grade: 2.23
- Grade Unit: %
- Intercept: 5.2 m
- From: 219.6 m
- To: 224.8 m
- Intercept Depth: 219.6 m

#### Classification

- Program: exploration
- Sample Type: drill
- Group ID: JUDD001:219.6-224.8

#### QA/QC

- QP Signed: Yes
- QA/QC Methods: standards

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-30T00:00:00.000Z

Reasoning: JUDD001 successfully intersected high-grade copper at depth, extending the Jura North discovery.

- Positive factor: High-grade copper intercept at depth, extending mineralization down-dip.

Evidence · text

> JUDD001: 5.2m @ 2.23% Cu from 219.6m

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc\_disclosed is not true

**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

### JUDD001

[Link to this fact](https://atlas-staging.minestarters.com/news/smm-annual-report-to-shareholders--7d7f0612-40b2-4a07-979a-d79c244cf97e#fact-drill-facts-25)

Coppermine · copper

#### Identity

- Hole ID: JUDD001
- Project: Coppermine
- Commodity: copper
- Region: canada\_nu
- Reported Region: canada\_nu
- Ticker: SMM

#### Geometry

- Grade: 9.26
- Grade Unit: %
- Intercept: 0.9 m
- From: 219.6 m
- To: 220.5 m
- Intercept Depth: 219.6 m

#### Classification

- Program: exploration
- Sample Type: drill
- Group ID: JUDD001:219.6-220.5

#### QA/QC

- QP Signed: Yes
- QA/QC Methods: standards

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-30T00:00:00.000Z

Reasoning: This exceptional sub-interval within JUDD001 further highlights the bonanza-grade potential at depth.

- Positive factor: Exceptional bonanza-grade sub-interval, indicating very high-quality mineralization at depth.

Evidence · text

> including 0.9m @ 9.26% Cu from 219.6m

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc\_disclosed is not true

**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

### JUDD002

[Link to this fact](https://atlas-staging.minestarters.com/news/smm-annual-report-to-shareholders--7d7f0612-40b2-4a07-979a-d79c244cf97e#fact-drill-facts-26)

Coppermine · copper

#### Identity

- Hole ID: JUDD002
- Project: Coppermine
- Commodity: copper
- Region: canada\_nu
- Reported Region: canada\_nu
- Ticker: SMM

#### Geometry

- Grade: 0.38
- Grade Unit: %
- Intercept: 31.1 m
- From: 246.2 m
- To: 277.3 m
- Intercept Depth: 246.2 m

#### Classification

- Program: exploration
- Sample Type: drill
- Group ID: JUDD002:246.2-277.3

#### QA/QC

- QP Signed: Yes
- QA/QC Methods: standards

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-30T00:00:00.000Z

Reasoning: JUDD002 intersected a broad zone of copper mineralization at depth, extending the Jura North discovery.

- Positive factor: Broad intercept of copper mineralization at depth, extending the discovery.

Evidence · text

> JUDD002: 31.1m @ 0.38% Cu from 246.2m

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc\_disclosed is not true

**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

### JUDD002

[Link to this fact](https://atlas-staging.minestarters.com/news/smm-annual-report-to-shareholders--7d7f0612-40b2-4a07-979a-d79c244cf97e#fact-drill-facts-27)

Coppermine · copper

#### Identity

- Hole ID: JUDD002
- Project: Coppermine
- Commodity: copper
- Region: canada\_nu
- Reported Region: canada\_nu
- Ticker: SMM

#### Geometry

- Grade: 0.92
- Grade Unit: %
- Intercept: 6 m
- From: 256 m
- To: 262 m
- Intercept Depth: 256 m

#### Classification

- Program: exploration
- Sample Type: drill
- Group ID: JUDD002:256-262

#### QA/QC

- QP Signed: Yes
- QA/QC Methods: standards

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-30T00:00:00.000Z

Reasoning: This higher-grade sub-interval within JUDD002 improves the overall quality of the intercept at depth.

- Positive factor: Higher-grade sub-interval within a broader mineralized zone at depth.

Evidence · text

> including 6m @ 0.92% Cu from 256m

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc\_disclosed is not true

**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

### JUDD005

[Link to this fact](https://atlas-staging.minestarters.com/news/smm-annual-report-to-shareholders--7d7f0612-40b2-4a07-979a-d79c244cf97e#fact-drill-facts-28)

Coppermine · copper

#### Identity

- Hole ID: JUDD005
- Project: Coppermine
- Commodity: copper
- Region: canada\_nu
- Reported Region: canada\_nu
- Ticker: SMM

#### Geometry

- Grade: 1.21
- Grade Unit: %
- Intercept: 18.8 m
- From: 228.2 m
- To: 247 m
- Intercept Depth: 228.2 m

#### Classification

- Program: exploration
- Sample Type: drill
- Group ID: JUDD005:228.2-247

#### QA/QC

- QP Signed: Yes
- QA/QC Methods: standards

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-30T00:00:00.000Z

Reasoning: JUDD005 successfully intersected good copper grades at depth, extending the Jura North discovery.

- Positive factor: Good copper grade over a reasonable width at depth, extending mineralization.

Evidence · text

> JUDD005: 18.8m @ 1.21% Cu from 228.2m

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc\_disclosed is not true

**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

### JUDD005

[Link to this fact](https://atlas-staging.minestarters.com/news/smm-annual-report-to-shareholders--7d7f0612-40b2-4a07-979a-d79c244cf97e#fact-drill-facts-29)

Coppermine · copper

#### Identity

- Hole ID: JUDD005
- Project: Coppermine
- Commodity: copper
- Region: canada\_nu
- Reported Region: canada\_nu
- Ticker: SMM

#### Geometry

- Grade: 2.02
- Grade Unit: %
- Intercept: 6.6 m
- From: 234 m
- To: 240.6 m
- Intercept Depth: 234 m

#### Classification

- Program: exploration
- Sample Type: drill
- Group ID: JUDD005:234-240.6

#### QA/QC

- QP Signed: Yes
- QA/QC Methods: standards

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-30T00:00:00.000Z

Reasoning: This high-grade sub-interval within JUDD005 improves the overall quality of the intercept at depth.

- Positive factor: High-grade sub-interval within a broader mineralized zone at depth.

Evidence · text

> including 6.6m @ 2.02% Cu from 234m

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc\_disclosed is not true

**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

### LARC002

[Link to this fact](https://atlas-staging.minestarters.com/news/smm-annual-report-to-shareholders--7d7f0612-40b2-4a07-979a-d79c244cf97e#fact-drill-facts-30)

Coppermine · copper

#### Identity

- Hole ID: LARC002
- Project: Coppermine
- Commodity: copper
- Region: canada\_nu
- Reported Region: canada\_nu
- Ticker: SMM

#### Geometry

- Grade: 0.67
- Grade Unit: %
- Intercept: 29 m
- From: 7.6 m
- To: 36.6 m
- Intercept Depth: 7.6 m

#### Classification

- Program: exploration
- Sample Type: drill
- Group ID: LARC002:7.6-36.6

#### QA/QC

- QP Signed: Yes
- QA/QC Methods: standards

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-30T00:00:00.000Z

Reasoning: LARC002 intersected a broad zone of copper mineralization near surface, extending outcropping mineralization.

- Positive factor: Broad intercept of copper mineralization near surface, indicating potential for open-pit mining.

Evidence · text

> 29.0 metres @ 0.67% Cu from 7.6 metres

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc\_disclosed is not true

**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

### LARC002

[Link to this fact](https://atlas-staging.minestarters.com/news/smm-annual-report-to-shareholders--7d7f0612-40b2-4a07-979a-d79c244cf97e#fact-drill-facts-31)

Coppermine · copper

#### Identity

- Hole ID: LARC002
- Project: Coppermine
- Commodity: copper
- Region: canada\_nu
- Reported Region: canada\_nu
- Ticker: SMM

#### Geometry

- Grade: 1.23
- Grade Unit: %
- Intercept: 12.2 m
- From: 7.6 m
- To: 19.8 m
- Intercept Depth: 7.6 m

#### Classification

- Program: exploration
- Sample Type: drill
- Group ID: LARC002:7.6-19.8

#### QA/QC

- QP Signed: Yes
- QA/QC Methods: standards

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-30T00:00:00.000Z

Reasoning: This higher-grade sub-interval within LARC002 improves the overall quality of the near-surface intercept.

- Positive factor: Higher-grade sub-interval within a broader mineralized zone near surface.

Evidence · text

> including: o 12.2 metres @ 1.23% Cu from 7.6 metres

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc\_disclosed is not true

**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

### LARC001

[Link to this fact](https://atlas-staging.minestarters.com/news/smm-annual-report-to-shareholders--7d7f0612-40b2-4a07-979a-d79c244cf97e#fact-drill-facts-32)

Coppermine · copper

#### Identity

- Hole ID: LARC001
- Project: Coppermine
- Commodity: copper
- Region: canada\_nu
- Reported Region: canada\_nu
- Ticker: SMM

#### Geometry

- Grade: 0.39
- Grade Unit: %
- Intercept: 19.8 m
- From: 0 m
- To: 19.8 m
- Intercept Depth: 0 m

#### Classification

- Program: exploration
- Sample Type: drill
- Group ID: LARC001:0-19.8

#### QA/QC

- QP Signed: Yes
- QA/QC Methods: standards

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-30T00:00:00.000Z

Reasoning: LARC001 intersected a broad zone of copper mineralization from surface, testing downdip expression of outcropping mineralization.

- Positive factor: Broad intercept of copper mineralization from surface, indicating near-surface potential.

Evidence · text

> 19.8 metres @ 0.39% Cu from 0 metres

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc\_disclosed is not true

**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

### LARC001

[Link to this fact](https://atlas-staging.minestarters.com/news/smm-annual-report-to-shareholders--7d7f0612-40b2-4a07-979a-d79c244cf97e#fact-drill-facts-33)

Coppermine · copper

#### Identity

- Hole ID: LARC001
- Project: Coppermine
- Commodity: copper
- Region: canada\_nu
- Reported Region: canada\_nu
- Ticker: SMM

#### Geometry

- Grade: 1.07
- Grade Unit: %
- Intercept: 1.5 m
- From: 4.6 m
- To: 6.1 m
- Intercept Depth: 4.6 m

#### Classification

- Program: exploration
- Sample Type: drill
- Group ID: LARC001:4.6-6.1

#### QA/QC

- QP Signed: Yes
- QA/QC Methods: standards

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-30T00:00:00.000Z

Reasoning: This higher-grade sub-interval within LARC001 improves the overall quality of the near-surface intercept.

- Positive factor: Higher-grade sub-interval within a broader mineralized zone near surface.

Evidence · text

> including o 1.5 metres @ 1.07% Cu from 4.6 metres

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc\_disclosed is not true

**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

### LARC001

[Link to this fact](https://atlas-staging.minestarters.com/news/smm-annual-report-to-shareholders--7d7f0612-40b2-4a07-979a-d79c244cf97e#fact-drill-facts-34)

Coppermine · copper

#### Identity

- Hole ID: LARC001
- Project: Coppermine
- Commodity: copper
- Region: canada\_nu
- Reported Region: canada\_nu
- Ticker: SMM

#### Geometry

- Grade: 0.2
- Grade Unit: %
- Intercept: 3.05 m
- From: 25.91 m
- To: 28.96 m
- Intercept Depth: 25.91 m

#### Classification

- Program: exploration
- Sample Type: drill
- Group ID: LARC001:25.91-28.96

#### QA/QC

- QP Signed: Yes
- QA/QC Methods: standards

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-30T00:00:00.000Z

Reasoning: LARC001 identified an additional mineralized zone at depth, further extending the prospectivity.

- Positive factor: Additional mineralized zone at depth, contributing to overall prospectivity.

Evidence · text

> and o 3.05 metres @ 0.20% Cu from 25.91 metres

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc\_disclosed is not true

**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

### Fact 36

[Link to this fact](https://atlas-staging.minestarters.com/news/smm-annual-report-to-shareholders--7d7f0612-40b2-4a07-979a-d79c244cf97e#fact-drill-facts-35)

Coppermine Project · copper

#### Identity

- Project: Coppermine Project
- Commodity: copper
- Region: canada\_nu
- Reported Region: Nunavut, Canada
- Ticker: SMM

#### Geometry

- Grade: 49.2
- Grade Unit: %

#### Classification

- Sample Type: surface

#### Location

- Location: Larry – 607753
- Loc. Source: document

#### QA/QC

- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-30T00:00:00.000Z

Reasoning: This surface sample returned exceptional bonanza-grade copper, highlighting significant prospectivity at Larry.

- Positive factor: Exceptional bonanza-grade copper from surface sample, indicating high-quality mineralization.

Evidence · text

> Larry – 607753: 49.20% Cu

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

**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

### Fact 37

[Link to this fact](https://atlas-staging.minestarters.com/news/smm-annual-report-to-shareholders--7d7f0612-40b2-4a07-979a-d79c244cf97e#fact-drill-facts-36)

Coppermine Project · silver

#### Identity

- Project: Coppermine Project
- Commodity: silver
- Region: canada\_nu
- Reported Region: Nunavut, Canada
- Ticker: SMM

#### Geometry

- Grade: 88.2
- Grade Unit: g/t

#### Classification

- Sample Type: surface

#### Location

- Location: Larry – 607753
- Loc. Source: document

#### QA/QC

- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-30T00:00:00.000Z

Reasoning: This surface sample returned high-grade silver, indicating significant byproduct potential at Larry.

- Positive factor: High-grade silver from surface sample, indicating significant byproduct potential.

Evidence · text

> 88.2g/t Ag

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

**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

### Fact 38

[Link to this fact](https://atlas-staging.minestarters.com/news/smm-annual-report-to-shareholders--7d7f0612-40b2-4a07-979a-d79c244cf97e#fact-drill-facts-37)

Coppermine Project · copper

#### Identity

- Project: Coppermine Project
- Commodity: copper
- Region: canada\_nu
- Reported Region: Nunavut, Canada
- Ticker: SMM

#### Geometry

- Grade: 12.7
- Grade Unit: %

#### Classification

- Sample Type: surface

#### Location

- Location: Lars – 621598
- Loc. Source: document

#### QA/QC

- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-30T00:00:00.000Z

Reasoning: This surface sample returned exceptional bonanza-grade copper, highlighting significant prospectivity at Lars.

- Positive factor: Exceptional bonanza-grade copper from surface sample, indicating high-quality mineralization.

Evidence · text

> Lars – 621598: 12.70% Cu

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

**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

### Fact 39

[Link to this fact](https://atlas-staging.minestarters.com/news/smm-annual-report-to-shareholders--7d7f0612-40b2-4a07-979a-d79c244cf97e#fact-drill-facts-38)

Coppermine Project · silver

#### Identity

- Project: Coppermine Project
- Commodity: silver
- Region: canada\_nu
- Reported Region: Nunavut, Canada
- Ticker: SMM

#### Geometry

- Grade: 31.8
- Grade Unit: g/t

#### Classification

- Sample Type: surface

#### Location

- Location: Lars – 621598
- Loc. Source: document

#### QA/QC

- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-30T00:00:00.000Z

Reasoning: This surface sample returned moderate-grade silver, indicating byproduct potential at Lars.

- Positive factor: Moderate-grade silver from surface sample, indicating byproduct potential.

Evidence · text

> 31.8g/t Ag

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

**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

### Fact 40

[Link to this fact](https://atlas-staging.minestarters.com/news/smm-annual-report-to-shareholders--7d7f0612-40b2-4a07-979a-d79c244cf97e#fact-drill-facts-39)

Coppermine Project · copper

#### Identity

- Project: Coppermine Project
- Commodity: copper
- Region: canada\_nu
- Reported Region: Nunavut, Canada
- Ticker: SMM

#### Geometry

- Grade: 22
- Grade Unit: %

#### Classification

- Sample Type: surface

#### Location

- Location: Jura North – 621515
- Loc. Source: document

#### QA/QC

- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-30T00:00:00.000Z

Reasoning: This surface sample returned exceptional bonanza-grade copper, highlighting significant prospectivity at Jura North.

- Positive factor: Exceptional bonanza-grade copper from surface sample, indicating high-quality mineralization.

Evidence · text

> Jura North – 621515: 22.00% Cu

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

**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

### Fact 41

[Link to this fact](https://atlas-staging.minestarters.com/news/smm-annual-report-to-shareholders--7d7f0612-40b2-4a07-979a-d79c244cf97e#fact-drill-facts-40)

Coppermine Project · silver

#### Identity

- Project: Coppermine Project
- Commodity: silver
- Region: canada\_nu
- Reported Region: Nunavut, Canada
- Ticker: SMM

#### Geometry

- Grade: 22.2
- Grade Unit: g/t

#### Classification

- Sample Type: surface

#### Location

- Location: Jura North – 621515
- Loc. Source: document

#### QA/QC

- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-30T00:00:00.000Z

Reasoning: This surface sample returned moderate-grade silver, indicating byproduct potential at Jura North.

- Positive factor: Moderate-grade silver from surface sample, indicating byproduct potential.

Evidence · text

> 22.2g/t Ag

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

**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

### Fact 42

[Link to this fact](https://atlas-staging.minestarters.com/news/smm-annual-report-to-shareholders--7d7f0612-40b2-4a07-979a-d79c244cf97e#fact-drill-facts-41)

Coppermine Project · copper

#### Identity

- Project: Coppermine Project
- Commodity: copper
- Region: canada\_nu
- Reported Region: Nunavut, Canada
- Ticker: SMM

#### Geometry

- Grade: 12.75
- Grade Unit: %

#### Classification

- Sample Type: surface

#### Location

- Location: Jura South – 621517
- Loc. Source: document

#### QA/QC

- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-30T00:00:00.000Z

Reasoning: This surface sample returned exceptional bonanza-grade copper, highlighting significant prospectivity at Jura South.

- Positive factor: Exceptional bonanza-grade copper from surface sample, indicating high-quality mineralization.

Evidence · text

> Jura South – 621517: 12.75% Cu

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

**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

### Fact 43

[Link to this fact](https://atlas-staging.minestarters.com/news/smm-annual-report-to-shareholders--7d7f0612-40b2-4a07-979a-d79c244cf97e#fact-drill-facts-42)

Coppermine Project · silver

#### Identity

- Project: Coppermine Project
- Commodity: silver
- Region: canada\_nu
- Reported Region: Nunavut, Canada
- Ticker: SMM

#### Geometry

- Grade: 13.4
- Grade Unit: g/t

#### Classification

- Sample Type: surface

#### Location

- Location: Jura South – 621517
- Loc. Source: document

#### QA/QC

- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-30T00:00:00.000Z

Reasoning: This surface sample returned low-grade silver, indicating byproduct potential at Jura South.

- Positive factor: Low-grade silver from surface sample, indicating byproduct potential.

Evidence · text

> 13.4g/t Ag

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

**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

### Fact 44

[Link to this fact](https://atlas-staging.minestarters.com/news/smm-annual-report-to-shareholders--7d7f0612-40b2-4a07-979a-d79c244cf97e#fact-drill-facts-43)

Coppermine Project · copper

#### Identity

- Project: Coppermine Project
- Commodity: copper
- Region: canada\_nu
- Reported Region: Nunavut, Canada
- Ticker: SMM

#### Geometry

- Grade: 31.6
- Grade Unit: %

#### Classification

- Sample Type: surface

#### Location

- Location: Nor – 621503
- Loc. Source: document

#### QA/QC

- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-30T00:00:00.000Z

Reasoning: This surface sample returned exceptional bonanza-grade copper, highlighting significant prospectivity at Nor.

- Positive factor: Exceptional bonanza-grade copper from surface sample, indicating high-quality mineralization.

Evidence · text

> Nor – 621503: 31.60% Cu

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

**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

### Fact 45

[Link to this fact](https://atlas-staging.minestarters.com/news/smm-annual-report-to-shareholders--7d7f0612-40b2-4a07-979a-d79c244cf97e#fact-drill-facts-44)

Coppermine Project · silver

#### Identity

- Project: Coppermine Project
- Commodity: silver
- Region: canada\_nu
- Reported Region: Nunavut, Canada
- Ticker: SMM

#### Geometry

- Grade: 127
- Grade Unit: g/t

#### Classification

- Sample Type: surface

#### Location

- Location: Nor – 621503
- Loc. Source: document

#### QA/QC

- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-30T00:00:00.000Z

Reasoning: This surface sample returned exceptional high-grade silver, indicating significant byproduct potential at Nor.

- Positive factor: Exceptional high-grade silver from surface sample, indicating significant byproduct potential.

Evidence · text

> 127.0g/t Ag

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

**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

### Fact 46

[Link to this fact](https://atlas-staging.minestarters.com/news/smm-annual-report-to-shareholders--7d7f0612-40b2-4a07-979a-d79c244cf97e#fact-drill-facts-45)

Coppermine Project · copper

#### Identity

- Project: Coppermine Project
- Commodity: copper
- Region: canada\_nu
- Reported Region: Nunavut, Canada
- Ticker: SMM

#### Geometry

- Grade: 46.3
- Grade Unit: %

#### Classification

- Sample Type: surface

#### Location

- Location: Skye \(CMB26004\)
- Loc. Source: document

#### QA/QC

- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-30T00:00:00.000Z

Reasoning: This rock chip sample returned exceptional bonanza-grade copper, highlighting significant prospectivity at Skye.

- Positive factor: Exceptional bonanza-grade copper from rock chip sample, indicating very high-quality mineralization.

Evidence · text

> peaks of 46.3% Cu at Skye \(CMB26004\)

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

**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

### Fact 47

[Link to this fact](https://atlas-staging.minestarters.com/news/smm-annual-report-to-shareholders--7d7f0612-40b2-4a07-979a-d79c244cf97e#fact-drill-facts-46)

Coppermine Project · copper

#### Identity

- Project: Coppermine Project
- Commodity: copper
- Region: canada\_nu
- Reported Region: Nunavut, Canada
- Ticker: SMM

#### Geometry

- Grade: 36.4
- Grade Unit: %

#### Classification

- Sample Type: surface

#### Location

- Location: Talisker \(CMJ260014\)
- Loc. Source: document

#### QA/QC

- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-30T00:00:00.000Z

Reasoning: This rock chip sample returned exceptional bonanza-grade copper, highlighting significant prospectivity at the new Talisker target.

- Positive factor: Exceptional bonanza-grade copper from rock chip sample, indicating very high-quality mineralization at the new Talisker target.

Evidence · text

> and 36.4% Cu & 214g/t Ag at Talisker \(CMJ260014\)

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

**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

### Fact 48

[Link to this fact](https://atlas-staging.minestarters.com/news/smm-annual-report-to-shareholders--7d7f0612-40b2-4a07-979a-d79c244cf97e#fact-drill-facts-47)

Coppermine Project · silver

#### Identity

- Project: Coppermine Project
- Commodity: silver
- Region: canada\_nu
- Reported Region: Nunavut, Canada
- Ticker: SMM

#### Geometry

- Grade: 214
- Grade Unit: g/t

#### Classification

- Sample Type: surface

#### Location

- Location: Talisker \(CMJ260014\)
- Loc. Source: document

#### QA/QC

- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-30T00:00:00.000Z

Reasoning: This rock chip sample returned exceptional high-grade silver, indicating significant byproduct potential at the new Talisker target.

- Positive factor: Exceptional high-grade silver from rock chip sample, indicating significant byproduct potential at the new Talisker target.

Evidence · text

> and 36.4% Cu & 214g/t Ag at Talisker \(CMJ260014\)

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

**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

### TARC0008

[Link to this fact](https://atlas-staging.minestarters.com/news/smm-annual-report-to-shareholders--7d7f0612-40b2-4a07-979a-d79c244cf97e#fact-drill-facts-48)

Coppermine · copper

#### Identity

- Hole ID: TARC0008
- Project: Coppermine
- Commodity: copper
- Region: canada\_nu
- Reported Region: canada\_nu
- Ticker: SMM

#### Geometry

- Grade: 1.27
- Grade Unit: %
- Intercept: 38.1 m
- From: 41.15 m
- To: 79.25 m
- Intercept Depth: 41.15 m

#### Classification

- Program: exploration
- Sample Type: drill
- Group ID: TARC0008:41.15-79.25

#### QA/QC

- QP Signed: Yes
- QA/QC Methods: standards

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-30T00:00:00.000Z

Reasoning: TARC0008 confirmed a significant new high-grade copper discovery at Talisker, marking a major exploration success.

- Positive factor: Thick, high-grade copper intercept confirming a new, largely blind discovery at Talisker.

- Positive factor: First drill testing of the Talisker fault, indicating significant new potential.

Evidence · text

> 38.1m @ 1.27% Cu & 7.4 g/t Ag from 41.15m

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc\_disclosed is not true

**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

### TARC0008

[Link to this fact](https://atlas-staging.minestarters.com/news/smm-annual-report-to-shareholders--7d7f0612-40b2-4a07-979a-d79c244cf97e#fact-drill-facts-49)

Coppermine · silver

#### Identity

- Hole ID: TARC0008
- Project: Coppermine
- Commodity: silver
- Region: canada\_nu
- Reported Region: canada\_nu
- Ticker: SMM

#### Geometry

- Grade: 7.4
- Grade Unit: g/t
- Intercept: 38.1 m
- From: 41.15 m
- To: 79.25 m
- Intercept Depth: 41.15 m

#### Classification

- Program: exploration
- Sample Type: drill
- Group ID: TARC0008:41.15-79.25

#### QA/QC

- QP Signed: Yes
- QA/QC Methods: standards

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-30T00:00:00.000Z

Reasoning: TARC0008 revealed silver credits alongside copper, adding to the polymetallic potential of the new Talisker discovery.

- Positive factor: Silver credits alongside copper, indicating polymetallic potential for the new discovery.

Evidence · text

> 38.1m @ 1.27% Cu & 7.4 g/t Ag from 41.15m

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc\_disclosed is not true

**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

### TARC0008

[Link to this fact](https://atlas-staging.minestarters.com/news/smm-annual-report-to-shareholders--7d7f0612-40b2-4a07-979a-d79c244cf97e#fact-drill-facts-50)

Coppermine · copper

#### Identity

- Hole ID: TARC0008
- Project: Coppermine
- Commodity: copper
- Region: canada\_nu
- Reported Region: canada\_nu
- Ticker: SMM

#### Geometry

- Grade: 2.33
- Grade Unit: %
- Intercept: 19.81 m
- From: 57.91 m
- To: 77.72 m
- Intercept Depth: 57.91 m

#### Classification

- Program: exploration
- Sample Type: drill
- Group ID: TARC0008:57.91-77.72

#### QA/QC

- QP Signed: Yes
- QA/QC Methods: standards

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-30T00:00:00.000Z

Reasoning: This high-grade sub-interval within TARC0008 significantly enhances the quality of the new Talisker discovery.

- Positive factor: Very high-grade sub-interval, indicating bonanza-grade mineralization within the new discovery.

Evidence · text

> 19.81m @ 2.33% Cu & 13.8 g/t Ag from 57.91m

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc\_disclosed is not true

**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

### TARC0008

[Link to this fact](https://atlas-staging.minestarters.com/news/smm-annual-report-to-shareholders--7d7f0612-40b2-4a07-979a-d79c244cf97e#fact-drill-facts-51)

Coppermine · silver

#### Identity

- Hole ID: TARC0008
- Project: Coppermine
- Commodity: silver
- Region: canada\_nu
- Reported Region: canada\_nu
- Ticker: SMM

#### Geometry

- Grade: 13.8
- Grade Unit: g/t
- Intercept: 19.81 m
- From: 57.91 m
- To: 77.72 m
- Intercept Depth: 57.91 m

#### Classification

- Program: exploration
- Sample Type: drill
- Group ID: TARC0008:57.91-77.72

#### QA/QC

- QP Signed: Yes
- QA/QC Methods: standards

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-30T00:00:00.000Z

Reasoning: This sub-interval within TARC0008 includes moderate-grade silver, adding to the polymetallic potential of the new discovery.

- Positive factor: Moderate-grade silver credits, adding to the polymetallic potential of the new discovery.

Evidence · text

> 19.81m @ 2.33% Cu & 13.8 g/t Ag from 57.91m

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc\_disclosed is not true

**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

### TARC0008

[Link to this fact](https://atlas-staging.minestarters.com/news/smm-annual-report-to-shareholders--7d7f0612-40b2-4a07-979a-d79c244cf97e#fact-drill-facts-52)

Coppermine · copper

#### Identity

- Hole ID: TARC0008
- Project: Coppermine
- Commodity: copper
- Region: canada\_nu
- Reported Region: canada\_nu
- Ticker: SMM

#### Geometry

- Grade: 6.32
- Grade Unit: %
- Intercept: 3.05 m
- From: 74.68 m
- To: 77.73 m
- Intercept Depth: 74.68 m

#### Classification

- Program: exploration
- Sample Type: drill
- Group ID: TARC0008:74.68-77.73

#### QA/QC

- QP Signed: Yes
- QA/QC Methods: standards

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-30T00:00:00.000Z

Reasoning: This exceptional sub-interval within TARC0008 further highlights the bonanza-grade potential of the new Talisker discovery.

- Positive factor: Exceptional bonanza-grade sub-interval, indicating very high-quality mineralization within the new discovery.

Evidence · text

> incl. 3.05m @ 6.32% Cu & 42.7 g/t Ag from 74.68m

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc\_disclosed is not true

**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

### TARC0008

[Link to this fact](https://atlas-staging.minestarters.com/news/smm-annual-report-to-shareholders--7d7f0612-40b2-4a07-979a-d79c244cf97e#fact-drill-facts-53)

Coppermine · silver

#### Identity

- Hole ID: TARC0008
- Project: Coppermine
- Commodity: silver
- Region: canada\_nu
- Reported Region: canada\_nu
- Ticker: SMM

#### Geometry

- Grade: 42.7
- Grade Unit: g/t
- Intercept: 3.05 m
- From: 74.68 m
- To: 77.73 m
- Intercept Depth: 74.68 m

#### Classification

- Program: exploration
- Sample Type: drill
- Group ID: TARC0008:74.68-77.73

#### QA/QC

- QP Signed: Yes
- QA/QC Methods: standards

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-30T00:00:00.000Z

Reasoning: This sub-interval within TARC0008 includes high-grade silver, adding to the polymetallic potential of the new discovery.

- Positive factor: High-grade silver credits, adding to the polymetallic potential of the new discovery.

Evidence · text

> incl. 3.05m @ 6.32% Cu & 42.7 g/t Ag from 74.68m

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc\_disclosed is not true

**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

### TARC0008

[Link to this fact](https://atlas-staging.minestarters.com/news/smm-annual-report-to-shareholders--7d7f0612-40b2-4a07-979a-d79c244cf97e#fact-drill-facts-54)

Coppermine · copper

#### Identity

- Hole ID: TARC0008
- Project: Coppermine
- Commodity: copper
- Region: canada\_nu
- Reported Region: canada\_nu
- Ticker: SMM

#### Geometry

- Grade: 1.01
- Grade Unit: %
- Intercept: 35.05 m
- From: 0 m
- To: 35.05 m
- Intercept Depth: 0 m

#### Classification

- Program: exploration
- Sample Type: drill
- Group ID: TARC0008:0-35.05

#### QA/QC

- QP Signed: Yes
- QA/QC Methods: standards

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-30T00:00:00.000Z

Reasoning: TARC0008 confirmed a significant new high-grade copper discovery from surface at Talisker, marking a major exploration success.

- Positive factor: Thick, high-grade copper intercept from surface, indicating significant near-surface potential for the new discovery.

Evidence · text

> 35.05m @ 1.01% Cu & 4.7 g/t Ag from 0m

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc\_disclosed is not true

**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

### TARC0008

[Link to this fact](https://atlas-staging.minestarters.com/news/smm-annual-report-to-shareholders--7d7f0612-40b2-4a07-979a-d79c244cf97e#fact-drill-facts-55)

Coppermine · silver

#### Identity

- Hole ID: TARC0008
- Project: Coppermine
- Commodity: silver
- Region: canada\_nu
- Reported Region: canada\_nu
- Ticker: SMM

#### Geometry

- Grade: 4.7
- Grade Unit: g/t
- Intercept: 35.05 m
- From: 0 m
- To: 35.05 m
- Intercept Depth: 0 m

#### Classification

- Program: exploration
- Sample Type: drill
- Group ID: TARC0008:0-35.05

#### QA/QC

- QP Signed: Yes
- QA/QC Methods: standards

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-30T00:00:00.000Z

Reasoning: TARC0008 revealed silver credits alongside copper, adding to the polymetallic potential of the new Talisker discovery.

- Positive factor: Silver credits alongside copper, indicating polymetallic potential for the new discovery.

Evidence · text

> 35.05m @ 1.01% Cu & 4.7 g/t Ag from 0m

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc\_disclosed is not true

**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

### TARC0008

[Link to this fact](https://atlas-staging.minestarters.com/news/smm-annual-report-to-shareholders--7d7f0612-40b2-4a07-979a-d79c244cf97e#fact-drill-facts-56)

Coppermine · copper

#### Identity

- Hole ID: TARC0008
- Project: Coppermine
- Commodity: copper
- Region: canada\_nu
- Reported Region: canada\_nu
- Ticker: SMM

#### Geometry

- Grade: 4.5
- Grade Unit: %
- Intercept: 6.1 m
- From: 24.38 m
- To: 30.48 m
- Intercept Depth: 24.38 m

#### Classification

- Program: exploration
- Sample Type: drill
- Group ID: TARC0008:24.38-30.48

#### QA/QC

- QP Signed: Yes
- QA/QC Methods: standards

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-30T00:00:00.000Z

Reasoning: This exceptional sub-interval within TARC0008 further highlights the bonanza-grade potential of the new Talisker discovery.

- Positive factor: Exceptional bonanza-grade sub-interval, indicating very high-quality mineralization within the new discovery.

Evidence · text

> 6.1m @ 4.5% Cu & 21.4 g/t Ag from 24.38m

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc\_disclosed is not true

**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

### TARC0008

[Link to this fact](https://atlas-staging.minestarters.com/news/smm-annual-report-to-shareholders--7d7f0612-40b2-4a07-979a-d79c244cf97e#fact-drill-facts-57)

Coppermine · silver

#### Identity

- Hole ID: TARC0008
- Project: Coppermine
- Commodity: silver
- Region: canada\_nu
- Reported Region: canada\_nu
- Ticker: SMM

#### Geometry

- Grade: 21.4
- Grade Unit: g/t
- Intercept: 6.1 m
- From: 24.38 m
- To: 30.48 m
- Intercept Depth: 24.38 m

#### Classification

- Program: exploration
- Sample Type: drill
- Group ID: TARC0008:24.38-30.48

#### QA/QC

- QP Signed: Yes
- QA/QC Methods: standards

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-30T00:00:00.000Z

Reasoning: This sub-interval within TARC0008 includes moderate-grade silver, adding to the polymetallic potential of the new discovery.

- Positive factor: Moderate-grade silver credits, adding to the polymetallic potential of the new discovery.

Evidence · text

> 6.1m @ 4.5% Cu & 21.4 g/t Ag from 24.38m

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc\_disclosed is not true

**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

### TARC0008

[Link to this fact](https://atlas-staging.minestarters.com/news/smm-annual-report-to-shareholders--7d7f0612-40b2-4a07-979a-d79c244cf97e#fact-drill-facts-58)

Coppermine · copper

#### Identity

- Hole ID: TARC0008
- Project: Coppermine
- Commodity: copper
- Region: canada\_nu
- Reported Region: canada\_nu
- Ticker: SMM

#### Geometry

- Grade: 5.96
- Grade Unit: %
- Intercept: 3.05 m
- From: 27.43 m
- To: 30.48 m
- Intercept Depth: 27.43 m

#### Classification

- Program: exploration
- Sample Type: drill
- Group ID: TARC0008:27.43-30.48

#### QA/QC

- QP Signed: Yes
- QA/QC Methods: standards

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-30T00:00:00.000Z

Reasoning: This exceptional sub-interval within TARC0008 further highlights the bonanza-grade potential of the new Talisker discovery.

- Positive factor: Exceptional bonanza-grade sub-interval, indicating very high-quality mineralization within the new discovery.

Evidence · text

> incl. 3.05m @ 5.96% Cu & 29.8 g/t Ag from 27.43m

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc\_disclosed is not true

**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

### TARC0008

[Link to this fact](https://atlas-staging.minestarters.com/news/smm-annual-report-to-shareholders--7d7f0612-40b2-4a07-979a-d79c244cf97e#fact-drill-facts-59)

Coppermine · silver

#### Identity

- Hole ID: TARC0008
- Project: Coppermine
- Commodity: silver
- Region: canada\_nu
- Reported Region: canada\_nu
- Ticker: SMM

#### Geometry

- Grade: 29.8
- Grade Unit: g/t
- Intercept: 3.05 m
- From: 27.43 m
- To: 30.48 m
- Intercept Depth: 27.43 m

#### Classification

- Program: exploration
- Sample Type: drill
- Group ID: TARC0008:27.43-30.48

#### QA/QC

- QP Signed: Yes
- QA/QC Methods: standards

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-30T00:00:00.000Z

Reasoning: This sub-interval within TARC0008 includes moderate-grade silver, adding to the polymetallic potential of the new discovery.

- Positive factor: Moderate-grade silver credits, adding to the polymetallic potential of the new discovery.

Evidence · text

> incl. 3.05m @ 5.96% Cu & 29.8 g/t Ag from 27.43m

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc\_disclosed is not true

**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

### TARC0003

[Link to this fact](https://atlas-staging.minestarters.com/news/smm-annual-report-to-shareholders--7d7f0612-40b2-4a07-979a-d79c244cf97e#fact-drill-facts-60)

Coppermine · copper

#### Identity

- Hole ID: TARC0003
- Project: Coppermine
- Commodity: copper
- Region: canada\_nu
- Reported Region: canada\_nu
- Ticker: SMM

#### Geometry

- Grade: 1.62
- Grade Unit: %
- Intercept: 36.58 m
- From: 22.86 m
- To: 59.44 m
- Intercept Depth: 22.86 m

#### Classification

- Program: exploration
- Sample Type: drill
- Group ID: TARC0003:22.86-59.44

#### QA/QC

- QP Signed: Yes
- QA/QC Methods: standards

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-30T00:00:00.000Z

Reasoning: TARC0003 confirmed a significant new high-grade copper discovery at Talisker, marking a major exploration success.

- Positive factor: Thick, high-grade copper intercept confirming a new, largely blind discovery at Talisker.

Evidence · text

> TARC0003: 36.58m @ 1.62% Cu & 11.8 g/t Ag from 22.86m

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc\_disclosed is not true

**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

### TARC0003

[Link to this fact](https://atlas-staging.minestarters.com/news/smm-annual-report-to-shareholders--7d7f0612-40b2-4a07-979a-d79c244cf97e#fact-drill-facts-61)

Coppermine · silver

#### Identity

- Hole ID: TARC0003
- Project: Coppermine
- Commodity: silver
- Region: canada\_nu
- Reported Region: canada\_nu
- Ticker: SMM

#### Geometry

- Grade: 11.8
- Grade Unit: g/t
- Intercept: 36.58 m
- From: 22.86 m
- To: 59.44 m
- Intercept Depth: 22.86 m

#### Classification

- Program: exploration
- Sample Type: drill
- Group ID: TARC0003:22.86-59.44

#### QA/QC

- QP Signed: Yes
- QA/QC Methods: standards

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-30T00:00:00.000Z

Reasoning: TARC0003 revealed silver credits alongside copper, adding to the polymetallic potential of the new Talisker discovery.

- Positive factor: Silver credits alongside copper, indicating polymetallic potential for the new discovery.

Evidence · text

> TARC0003: 36.58m @ 1.62% Cu & 11.8 g/t Ag from 22.86m

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc\_disclosed is not true

**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

### TARC0003

[Link to this fact](https://atlas-staging.minestarters.com/news/smm-annual-report-to-shareholders--7d7f0612-40b2-4a07-979a-d79c244cf97e#fact-drill-facts-62)

Coppermine · copper

#### Identity

- Hole ID: TARC0003
- Project: Coppermine
- Commodity: copper
- Region: canada\_nu
- Reported Region: canada\_nu
- Ticker: SMM

#### Geometry

- Grade: 4.39
- Grade Unit: %
- Intercept: 9.14 m
- From: 36.58 m
- To: 45.72 m
- Intercept Depth: 36.58 m

#### Classification

- Program: exploration
- Sample Type: drill
- Group ID: TARC0003:36.58-45.72

#### QA/QC

- QP Signed: Yes
- QA/QC Methods: standards

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-30T00:00:00.000Z

Reasoning: This exceptional sub-interval within TARC0003 significantly enhances the quality of the new Talisker discovery.

- Positive factor: Exceptional bonanza-grade sub-interval, indicating very high-quality mineralization within the new discovery.

Evidence · text

> 9.14m @ 4.39% Cu & 28.8 g/t Ag from 36.58m

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc\_disclosed is not true

**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

### TARC0003

[Link to this fact](https://atlas-staging.minestarters.com/news/smm-annual-report-to-shareholders--7d7f0612-40b2-4a07-979a-d79c244cf97e#fact-drill-facts-63)

Coppermine · silver

#### Identity

- Hole ID: TARC0003
- Project: Coppermine
- Commodity: silver
- Region: canada\_nu
- Reported Region: canada\_nu
- Ticker: SMM

#### Geometry

- Grade: 28.8
- Grade Unit: g/t
- Intercept: 9.14 m
- From: 36.58 m
- To: 45.72 m
- Intercept Depth: 36.58 m

#### Classification

- Program: exploration
- Sample Type: drill
- Group ID: TARC0003:36.58-45.72

#### QA/QC

- QP Signed: Yes
- QA/QC Methods: standards

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-30T00:00:00.000Z

Reasoning: This sub-interval within TARC0003 includes moderate-grade silver, adding to the polymetallic potential of the new discovery.

- Positive factor: Moderate-grade silver credits, adding to the polymetallic potential of the new discovery.

Evidence · text

> 9.14m @ 4.39% Cu & 28.8 g/t Ag from 36.58m

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc\_disclosed is not true

**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

### TARC0003

[Link to this fact](https://atlas-staging.minestarters.com/news/smm-annual-report-to-shareholders--7d7f0612-40b2-4a07-979a-d79c244cf97e#fact-drill-facts-64)

Coppermine · copper

#### Identity

- Hole ID: TARC0003
- Project: Coppermine
- Commodity: copper
- Region: canada\_nu
- Reported Region: canada\_nu
- Ticker: SMM

#### Geometry

- Grade: 9.09
- Grade Unit: %
- Intercept: 1.52 m
- From: 44.2 m
- To: 45.72 m
- Intercept Depth: 44.2 m

#### Classification

- Program: exploration
- Sample Type: drill
- Group ID: TARC0003:44.2-45.72

#### QA/QC

- QP Signed: Yes
- QA/QC Methods: standards

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-30T00:00:00.000Z

Reasoning: This exceptional sub-interval within TARC0003 further highlights the bonanza-grade potential of the new Talisker discovery.

- Positive factor: Exceptional bonanza-grade sub-interval, indicating very high-quality mineralization within the new discovery.

Evidence · text

> incl. 1.52m @ 9.09% Cu & 64.6 g/t Ag from 44.2m

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc\_disclosed is not true

**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

### TARC0003

[Link to this fact](https://atlas-staging.minestarters.com/news/smm-annual-report-to-shareholders--7d7f0612-40b2-4a07-979a-d79c244cf97e#fact-drill-facts-65)

Coppermine · silver

#### Identity

- Hole ID: TARC0003
- Project: Coppermine
- Commodity: silver
- Region: canada\_nu
- Reported Region: canada\_nu
- Ticker: SMM

#### Geometry

- Grade: 64.6
- Grade Unit: g/t
- Intercept: 1.52 m
- From: 44.2 m
- To: 45.72 m
- Intercept Depth: 44.2 m

#### Classification

- Program: exploration
- Sample Type: drill
- Group ID: TARC0003:44.2-45.72

#### QA/QC

- QP Signed: Yes
- QA/QC Methods: standards

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-30T00:00:00.000Z

Reasoning: This sub-interval within TARC0003 includes high-grade silver, adding to the polymetallic potential of the new discovery.

- Positive factor: High-grade silver credits, adding to the polymetallic potential of the new discovery.

Evidence · text

> incl. 1.52m @ 9.09% Cu & 64.6 g/t Ag from 44.2m

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc\_disclosed is not true

**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

### TARC0003

[Link to this fact](https://atlas-staging.minestarters.com/news/smm-annual-report-to-shareholders--7d7f0612-40b2-4a07-979a-d79c244cf97e#fact-drill-facts-66)

Coppermine · copper

#### Identity

- Hole ID: TARC0003
- Project: Coppermine
- Commodity: copper
- Region: canada\_nu
- Reported Region: canada\_nu
- Ticker: SMM

#### Geometry

- Grade: 1.29
- Grade Unit: %
- Intercept: 6.1 m
- From: 70.1 m
- To: 76.2 m
- Intercept Depth: 70.1 m

#### Classification

- Program: exploration
- Sample Type: drill
- Group ID: TARC0003:70.1-76.2

#### QA/QC

- QP Signed: Yes
- QA/QC Methods: standards

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-30T00:00:00.000Z

Reasoning: TARC0003 identified an additional high-grade copper zone, further extending the new Talisker discovery.

- Positive factor: High-grade copper intercept, indicating additional mineralized zones within the new discovery.

Evidence · text

> 6.1m @ 1.29% Cu & 2.7 g/t Ag from 70.1m

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc\_disclosed is not true

**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

### TARC0003

[Link to this fact](https://atlas-staging.minestarters.com/news/smm-annual-report-to-shareholders--7d7f0612-40b2-4a07-979a-d79c244cf97e#fact-drill-facts-67)

Coppermine · silver

#### Identity

- Hole ID: TARC0003
- Project: Coppermine
- Commodity: silver
- Region: canada\_nu
- Reported Region: canada\_nu
- Ticker: SMM

#### Geometry

- Grade: 2.7
- Grade Unit: g/t
- Intercept: 6.1 m
- From: 70.1 m
- To: 76.2 m
- Intercept Depth: 70.1 m

#### Classification

- Program: exploration
- Sample Type: drill
- Group ID: TARC0003:70.1-76.2

#### QA/QC

- QP Signed: Yes
- QA/QC Methods: standards

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-30T00:00:00.000Z

Reasoning: TARC0003 revealed silver credits alongside copper, adding to the polymetallic potential of the new Talisker discovery.

- Positive factor: Silver credits alongside copper, indicating polymetallic potential for the new discovery.

Evidence · text

> 6.1m @ 1.29% Cu & 2.7 g/t Ag from 70.1m

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc\_disclosed is not true

**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

### Fact 69

[Link to this fact](https://atlas-staging.minestarters.com/news/smm-annual-report-to-shareholders--7d7f0612-40b2-4a07-979a-d79c244cf97e#fact-drill-facts-68)

Blackdome-Elizabeth Gold Project · gold

#### Identity

- Project: Blackdome-Elizabeth Gold Project
- Commodity: gold
- Region: canada\_bc
- Reported Region: British Columbia, Canada
- Ticker: SMM

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-30T00:00:00.000Z

Reasoning: The divestment of the Blackdome-Elizabeth Gold Project, completed after year-end, allows the company to streamline its focus on the Coppermine Project while retaining future royalty exposure.

- Positive factor: Divestment allows the company to focus resources on its flagship Coppermine Project.

- Positive factor: Retention of a 0.5% NSR royalty provides future exposure to the project.

- Negative factor: Disposal of a project with historical production and a permitted processing plant.

Evidence · text

> On 8 July 2026, the Company announced that the divestment of its interest in the Blackdome-Elizabeth Gold Project had completed, with the final payment of C$50,000 received \(in addition to the initial C$100,000 payment\). The transaction completed Somerset’s exit from the project while retaining exposure to future production at Blackdome through a 0.5% NSR royalty

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc\_disclosed is not true

**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

### Fact 70

[Link to this fact](https://atlas-staging.minestarters.com/news/smm-annual-report-to-shareholders--7d7f0612-40b2-4a07-979a-d79c244cf97e#fact-drill-facts-69)

Zamora Projects · gold

#### Identity

- Project: Zamora Projects
- Commodity: gold
- Region: ecuador
- Reported Region: Ecuador
- Ticker: SMM

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-30T00:00:00.000Z

Reasoning: A confidential, non-binding proposal from Lundin Gold Inc. for the Zamora Projects, following the resolution of a tax dispute, indicates potential future value realization for the company.

- Positive factor: Potential acquisition by a major gold producer \(Lundin Gold Inc.\) indicates value in the Zamora Projects.

- Positive factor: Resolution of tax dispute removes a significant hurdle for any transaction.

- Negative factor: Proposal is non-binding and subject to various conditions, so no certainty of completion.

Evidence · text

> On 23 July 2026, the Company announced the receipt of a confidential, non-binding and indicative proposal from Lundin Gold Inc. \(TSX:LUG\) in relation to the potential acquisition of Condor Gold S.A., which holds the Rio Zarza and Valle del Inca 1 concessions, together with approximately 500 hectares of associated freehold surface rights. The proposal contemplates, on completion of the transaction, total consideration payable to Somerset of US$5.25 million \(~A$7.5 million\)

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc\_disclosed is not true

**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

### Fact 71

[Link to this fact](https://atlas-staging.minestarters.com/news/smm-annual-report-to-shareholders--7d7f0612-40b2-4a07-979a-d79c244cf97e#fact-drill-facts-70)

#### Identity

- Ticker: SMM

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-30T00:00:00.000Z

Reasoning: A director participation in placement raised $60,000, contributing to the company's funding but causing dilution.

- Positive factor: Capital raised contributes to funding ongoing operations.

- Negative factor: Share issuance leads to dilution for existing shareholders.

Evidence · table

> 60,000

Context: 6,666,667

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc\_disclosed is not true

**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

### Fact 72

[Link to this fact](https://atlas-staging.minestarters.com/news/smm-annual-report-to-shareholders--7d7f0612-40b2-4a07-979a-d79c244cf97e#fact-drill-facts-71)

#### Identity

- Ticker: SMM

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-30T00:00:00.000Z

Reasoning: A placement in August-October 2025 raised $4 million, providing substantial funding but also significant dilution.

- Positive factor: Significant capital raised provides substantial funding for operations and exploration.

- Negative factor: Large share issuance leads to significant dilution for existing shareholders.

Evidence · table

> 4,000,000

Context: 307,692,308

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc\_disclosed is not true

**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

### Fact 73

[Link to this fact](https://atlas-staging.minestarters.com/news/smm-annual-report-to-shareholders--7d7f0612-40b2-4a07-979a-d79c244cf97e#fact-drill-facts-72)

#### Identity

- Ticker: SMM

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-30T00:00:00.000Z

Reasoning: A flow-through placement in December 2025 raised $2.47 million, providing exploration funding with tax benefits for investors.

- Positive factor: Capital raised through flow-through shares provides tax benefits to investors, making the raise more attractive.

- Positive factor: Funds are earmarked for exploration, supporting project development.

- Negative factor: Share issuance leads to dilution for existing shareholders.

Evidence · table

> 2,470,500

Context: 137,249,986

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc\_disclosed is not true

**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

### Fact 74

[Link to this fact](https://atlas-staging.minestarters.com/news/smm-annual-report-to-shareholders--7d7f0612-40b2-4a07-979a-d79c244cf97e#fact-drill-facts-73)

#### Identity

- Ticker: SMM

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-30T00:00:00.000Z

Reasoning: A placement in December 2025 raised $1.197 million, contributing to the company's funding but causing dilution.

- Positive factor: Capital raised contributes to funding ongoing operations.

- Negative factor: Share issuance leads to dilution for existing shareholders.

Evidence · table

> 1,197,000

Context: 99,750,014

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc\_disclosed is not true

**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

### Fact 75

[Link to this fact](https://atlas-staging.minestarters.com/news/smm-annual-report-to-shareholders--7d7f0612-40b2-4a07-979a-d79c244cf97e#fact-drill-facts-74)

#### Identity

- Ticker: SMM

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-30T00:00:00.000Z

Reasoning: A placement in June 2026 raised $2 million, contributing to the company's funding but causing dilution.

- Positive factor: Capital raised contributes to funding ongoing operations.

- Negative factor: Share issuance leads to dilution for existing shareholders.

Evidence · table

> 2,000,000

Context: 250,000,000

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc\_disclosed is not true

**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

### Fact 76

[Link to this fact](https://atlas-staging.minestarters.com/news/smm-annual-report-to-shareholders--7d7f0612-40b2-4a07-979a-d79c244cf97e#fact-drill-facts-75)

#### Identity

- Ticker: SMM

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-30T00:00:00.000Z

Reasoning: An entitlement offer completed after year-end raised $1.17 million, providing additional capital and an opportunity for existing shareholders to participate.

- Positive factor: Entitlement offer provides additional capital, supporting ongoing operations.

- Positive factor: Allows existing shareholders to participate and mitigate dilution.

- Negative factor: Share issuance leads to dilution for existing shareholders who do not participate.

Evidence · text

> The June 2026 placement was accompanied by a 1-for-10 entitlement offer, which was completed in August 2026 and raised $1.17 million \(before costs\) through the issue of 145,687,956 shares

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc\_disclosed is not true

**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

## 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.