# SVY: Annual Report - June 2026

Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/svy-annual-report-june-2026--db618292-3131-43fb-bd50-6b6f9e70f830

Original source: https://www.asx.com.au/asx/v2/statistics/displayAnnouncement.do?display=pdf&idsId=03143565

Publisher: asx

Original announcement: 2026-09-24T07:48:00.000Z

Analysis by Minestarters Atlas

Atlas analysis published: 2026-09-24T08:35:13.458Z

Atlas analysis updated: 2026-09-24T08:35:13.458Z

- Company: Stavely Minerals Limited

- Ticker: SVY

- Exchange: ASX

- Region: Western Australia

- Primary commodity: Copper

- Secondary commodities: Gold, Silver, Zinc, Nickel, Cobalt

- Document categories: Resource update, Drill results, Capital raise, Metallurgy

- Extracted: 2026-09-24 08:35:14 UTC

Narrative sentiment: 0.80 · Bullish

## Minestarters Atlas summary

Stavely Minerals Limited reported a significant increase in its total Mineral Resource Estimate to 60Mt at 0.58% CuEq, representing substantial growth in contained copper, gold, and silver. A Scoping Study for the Thursday's Gossan project delivered compelling economics with an A$818M pre-tax NPV7 and 40% IRR. The company also announced strong gold drill intercepts from its Fairview North, Fairview South, and Freddy's Find prospects, alongside a successful A$4.0 million capital raise to fund ongoing activities.

Reasoning: The annual report highlights a substantial increase in the overall Mineral Resource Estimate, driven by higher metal prices and pit optimization, leading to robust Scoping Study results for the Thursday's Gossan project. Additionally, new drill results from multiple gold prospects show significant intercepts, and historical metallurgical testwork indicates good gold recoveries. The capital raise provides funding for ongoing development and exploration.

- Positive factor: Significant increase in total Mineral Resource Estimate \(113% tonnage, 31% Cu, 67% Au, 69% Ag\)

- Positive factor: Compelling economic outcomes from Scoping Study \(A$818M pre-tax NPV7, 40% IRR\)

- Positive factor: Strong gold drill intercepts at Fairview North and South, and Freddy's Find prospects

- Positive factor: Positive metallurgical testwork results for gold recoveries via heap leach

- Positive factor: High confidence in resource categories with 58% Cu, 63% Au, 63% Ag in Indicated Resources

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

Facts used in scoring: 136

## Classification and evidence

**Heap Leach Route**

Polarity: neutral

Definition: Processing via heap leach — lower CAPEX and OPEX, lower recovery expected.

Why it applies: the document describes a heap\_leach route \("heap leach"\)

**Mill Route**

Polarity: neutral

Definition: Processing via mill or concentrator \(CIL, CIP, tank leach, flotation\).

Why it applies: the document describes a flotation route \("flotation"\)

**Gravity Route**

Polarity: neutral

Definition: Gravity separation forms a material part of the flowsheet.

Why it applies: the document describes a gravity route \("gravity"\)

**Multi-Domain Tested**

Polarity: positive

Definition: Variability across ore domains \(oxide, transition, fresh\) has been addressed.

Why it applies: 2 distinct composites were tested

## Extracted facts

Stored fact records: 130. Some facts used in scoring do not have a stored record.

## Drill Results (51)

### SFRC006

[Link to this fact](https://atlas-staging.minestarters.com/news/svy-annual-report-june-2026--db618292-3131-43fb-bd50-6b6f9e70f830#fact-drill-facts-71)

Fairview North Gold Prospect · gold

#### Identity

- Hole ID: SFRC006
- Project: Fairview North Gold Prospect
- Commodity: gold
- Region: australia\_vic
- Reported Region: australia\_vic
- Ticker: SVY

#### Geometry

- Grade: 1.31
- Grade Unit: g/t
- Intercept: 59 m
- From: 0 m
- To: 59 m
- Intercept Depth: 0 m

#### Classification

- Program: exploration
- Sample Type: drill
- Group ID: SFRC006:0-59

#### QA/QC

- QP Signed: Yes

#### Compositing

- Dilution Disclosed: Yes

#### Review

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

#### Dates

- Event date: 2026-09-24T00:00:00.000Z

Reasoning: A broad, near-surface gold intercept at Fairview North indicates significant mineralization potential.

- Positive factor: Broad intercept \(59m\)

- Positive factor: Good gold grade \(1.31 g/t\)

- Positive factor: Near surface mineralization \(from surface\)

Evidence · text

> 59m at 1.31g/t gold from surface in drill-hole SFRC006

#### 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

### SFRC006

[Link to this fact](https://atlas-staging.minestarters.com/news/svy-annual-report-june-2026--db618292-3131-43fb-bd50-6b6f9e70f830#fact-drill-facts-72)

Fairview North Gold Prospect · gold

#### Identity

- Hole ID: SFRC006
- Project: Fairview North Gold Prospect
- Commodity: gold
- Region: australia\_vic
- Reported Region: australia\_vic
- Ticker: SVY

#### Geometry

- Grade: 2.33
- Grade Unit: g/t
- Intercept: 27 m
- From: 13 m
- To: 40 m
- Intercept Depth: 13 m

#### Classification

- Program: exploration
- Sample Type: drill
- Group ID: SFRC006:13-40

#### QA/QC

- QP Signed: Yes

#### Compositing

- Dilution Disclosed: Yes

#### Review

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

#### Dates

- Event date: 2026-09-24T00:00:00.000Z

Reasoning: A strong gold intercept within a broader zone at Fairview North indicates significant mineralization potential.

- Positive factor: Good intercept length \(27m\)

- Positive factor: Strong gold grade \(2.33 g/t\)

- Positive factor: Shallow mineralization \(from 13m\)

Evidence · text

> 27m at 2.33g/t gold from 13m down-hole

#### 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

### SFRC006

[Link to this fact](https://atlas-staging.minestarters.com/news/svy-annual-report-june-2026--db618292-3131-43fb-bd50-6b6f9e70f830#fact-drill-facts-73)

Fairview North Gold Prospect · gold

#### Identity

- Hole ID: SFRC006
- Project: Fairview North Gold Prospect
- Commodity: gold
- Region: australia\_vic
- Reported Region: australia\_vic
- Ticker: SVY

#### Geometry

- Grade: 10.81
- Grade Unit: g/t
- Intercept: 3 m
- From: 19 m
- To: 22 m
- Intercept Depth: 19 m

#### Classification

- Program: exploration
- Sample Type: drill
- Group ID: SFRC006:19-22

#### QA/QC

- QP Signed: Yes

#### Compositing

- Dilution Disclosed: Yes

#### Review

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

#### Dates

- Event date: 2026-09-24T00:00:00.000Z

Reasoning: An exceptionally high-grade gold intercept within a broader zone at Fairview North is a very positive result.

- Positive factor: Bonanza grade \(10.81 g/t gold\)

- Positive factor: Shallow mineralization \(from 19m\)

Evidence · text

> 3m at 10.81g/t gold from 19m down-hole

#### 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

### SFRC006

[Link to this fact](https://atlas-staging.minestarters.com/news/svy-annual-report-june-2026--db618292-3131-43fb-bd50-6b6f9e70f830#fact-drill-facts-74)

Fairview North Gold Prospect · gold

#### Identity

- Hole ID: SFRC006
- Project: Fairview North Gold Prospect
- Commodity: gold
- Region: australia\_vic
- Reported Region: australia\_vic
- Ticker: SVY

#### Geometry

- Grade: 5.05
- Grade Unit: g/t
- Intercept: 4 m
- From: 30 m
- To: 34 m
- Intercept Depth: 30 m

#### Classification

- Program: exploration
- Sample Type: drill
- Group ID: SFRC006:30-34

#### QA/QC

- QP Signed: Yes

#### Compositing

- Dilution Disclosed: Yes

#### Review

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

#### Dates

- Event date: 2026-09-24T00:00:00.000Z

Reasoning: An exceptionally high-grade gold intercept within a broader zone at Fairview North is a very positive result.

- Positive factor: Exceptional grade \(5.05 g/t gold\)

- Positive factor: Shallow mineralization \(from 30m\)

Evidence · text

> 4m at 5.05g/t gold from 30m down-hole

#### 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

### SFRC007

[Link to this fact](https://atlas-staging.minestarters.com/news/svy-annual-report-june-2026--db618292-3131-43fb-bd50-6b6f9e70f830#fact-drill-facts-75)

Fairview North Gold Prospect · gold

#### Identity

- Hole ID: SFRC007
- Project: Fairview North Gold Prospect
- Commodity: gold
- Region: australia\_vic
- Reported Region: australia\_vic
- Ticker: SVY

#### Geometry

- Grade: 1.57
- Grade Unit: g/t
- Intercept: 42 m
- From: 23 m
- To: 65 m
- Intercept Depth: 23 m

#### Classification

- Program: exploration
- Sample Type: drill
- Group ID: SFRC007:23-65

#### QA/QC

- QP Signed: Yes

#### Compositing

- Dilution Disclosed: Yes

#### Review

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

#### Dates

- Event date: 2026-09-24T00:00:00.000Z

Reasoning: A broad, shallow gold intercept at Fairview North indicates significant mineralization potential.

- Positive factor: Broad intercept \(42m\)

- Positive factor: Good gold grade \(1.57 g/t\)

- Positive factor: Shallow mineralization \(from 23m\)

Evidence · text

> 42m at 1.57g/t gold from 23m down-hole in drill-hole SFRC007

#### 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

### SFRC007

[Link to this fact](https://atlas-staging.minestarters.com/news/svy-annual-report-june-2026--db618292-3131-43fb-bd50-6b6f9e70f830#fact-drill-facts-76)

Fairview North Gold Prospect · gold

#### Identity

- Hole ID: SFRC007
- Project: Fairview North Gold Prospect
- Commodity: gold
- Region: australia\_vic
- Reported Region: australia\_vic
- Ticker: SVY

#### Geometry

- Grade: 4.76
- Grade Unit: g/t
- Intercept: 8 m
- From: 46 m
- To: 54 m
- Intercept Depth: 46 m

#### Classification

- Program: exploration
- Sample Type: drill
- Group ID: SFRC007:46-54

#### QA/QC

- QP Signed: Yes

#### Compositing

- Dilution Disclosed: Yes

#### Review

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

#### Dates

- Event date: 2026-09-24T00:00:00.000Z

Reasoning: An exceptionally high-grade gold intercept within a broader zone at Fairview North is a very positive result.

- Positive factor: Exceptional grade \(4.76 g/t gold\)

- Positive factor: Good intercept length \(8m\)

Evidence · text

> 8m at 4.76g/t gold from 46m drill depth

#### 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

### SFRC005

[Link to this fact](https://atlas-staging.minestarters.com/news/svy-annual-report-june-2026--db618292-3131-43fb-bd50-6b6f9e70f830#fact-drill-facts-77)

Fairview North Gold Prospect · gold

#### Identity

- Hole ID: SFRC005
- Project: Fairview North Gold Prospect
- Commodity: gold
- Region: australia\_vic
- Reported Region: australia\_vic
- Ticker: SVY

#### Geometry

- Grade: 0.96
- Grade Unit: g/t
- Intercept: 29 m
- From: 0 m
- To: 29 m
- Intercept Depth: 0 m

#### Classification

- Program: exploration
- Sample Type: drill
- Group ID: SFRC005:0-29

#### QA/QC

- QP Signed: Yes

#### Compositing

- Dilution Disclosed: Yes

#### Review

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

#### Dates

- Event date: 2026-09-24T00:00:00.000Z

Reasoning: A good length, near-surface gold intercept at Fairview North indicates mineralization potential.

- Positive factor: Good intercept length \(29m\)

- Positive factor: Moderate gold grade \(0.96 g/t\)

- Positive factor: Near surface mineralization \(from surface\)

Evidence · text

> 29m at 0.96g/t gold from surface in drill-hole SFRC005

#### 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

### SFRC005

[Link to this fact](https://atlas-staging.minestarters.com/news/svy-annual-report-june-2026--db618292-3131-43fb-bd50-6b6f9e70f830#fact-drill-facts-78)

Fairview North Gold Prospect · gold

#### Identity

- Hole ID: SFRC005
- Project: Fairview North Gold Prospect
- Commodity: gold
- Region: australia\_vic
- Reported Region: australia\_vic
- Ticker: SVY

#### Geometry

- Grade: 3.46
- Grade Unit: g/t
- Intercept: 6 m
- From: 20 m
- To: 26 m
- Intercept Depth: 20 m

#### Classification

- Program: exploration
- Sample Type: drill
- Group ID: SFRC005:20-26

#### QA/QC

- QP Signed: Yes

#### Compositing

- Dilution Disclosed: Yes

#### Review

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

#### Dates

- Event date: 2026-09-24T00:00:00.000Z

Reasoning: A strong gold intercept within a broader zone at Fairview North is a positive result.

- Positive factor: Strong gold grade \(3.46 g/t\)

- Positive factor: Good intercept length \(6m\)

Evidence · text

> 6m at 3.46g/t gold from 20m drill depth

#### 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

### SFRC015

[Link to this fact](https://atlas-staging.minestarters.com/news/svy-annual-report-june-2026--db618292-3131-43fb-bd50-6b6f9e70f830#fact-drill-facts-79)

Fairview North Gold Prospect · gold

#### Identity

- Hole ID: SFRC015
- Project: Fairview North Gold Prospect
- Commodity: gold
- Region: australia\_vic
- Reported Region: australia\_vic
- Ticker: SVY

#### Geometry

- Grade: 1.08
- Grade Unit: g/t
- Intercept: 14 m
- From: 19 m
- To: 33 m
- Intercept Depth: 19 m

#### Classification

- Program: exploration
- Sample Type: drill
- Group ID: SFRC015:19-33

#### QA/QC

- QP Signed: Yes

#### Compositing

- Dilution Disclosed: Yes

#### Review

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

#### Dates

- Event date: 2026-09-24T00:00:00.000Z

Reasoning: A good length, shallow gold intercept at Fairview North indicates mineralization potential.

- Positive factor: Good intercept length \(14m\)

- Positive factor: Moderate gold grade \(1.08 g/t\)

- Positive factor: Shallow mineralization \(from 19m\)

Evidence · text

> 14m at 1.08g/t gold from 19m drill depth in drill-hole SFRC015

#### 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

### SFRC015

[Link to this fact](https://atlas-staging.minestarters.com/news/svy-annual-report-june-2026--db618292-3131-43fb-bd50-6b6f9e70f830#fact-drill-facts-80)

Fairview North Gold Prospect · gold

#### Identity

- Hole ID: SFRC015
- Project: Fairview North Gold Prospect
- Commodity: gold
- Region: australia\_vic
- Reported Region: australia\_vic
- Ticker: SVY

#### Geometry

- Grade: 2
- Grade Unit: g/t
- Intercept: 5 m
- From: 19 m
- To: 24 m
- Intercept Depth: 19 m

#### Classification

- Program: exploration
- Sample Type: drill
- Group ID: SFRC015:19-24

#### QA/QC

- QP Signed: Yes

#### Compositing

- Dilution Disclosed: Yes

#### Review

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

#### Dates

- Event date: 2026-09-24T00:00:00.000Z

Reasoning: A strong gold intercept within a broader zone at Fairview North is a positive result.

- Positive factor: Strong gold grade \(2.0 g/t\)

- Positive factor: Shallow mineralization \(from 19m\)

Evidence · text

> 5m at 2.0g/t gold from 19m

#### 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

### SFRC015

[Link to this fact](https://atlas-staging.minestarters.com/news/svy-annual-report-june-2026--db618292-3131-43fb-bd50-6b6f9e70f830#fact-drill-facts-81)

Fairview North Gold Prospect · gold

#### Identity

- Hole ID: SFRC015
- Project: Fairview North Gold Prospect
- Commodity: gold
- Region: australia\_vic
- Reported Region: australia\_vic
- Ticker: SVY

#### Geometry

- Grade: 1.22
- Grade Unit: g/t
- Intercept: 13 m
- From: 40 m
- To: 53 m
- Intercept Depth: 40 m

#### Classification

- Program: exploration
- Sample Type: drill
- Group ID: SFRC015:40-53

#### QA/QC

- QP Signed: Yes

#### Compositing

- Dilution Disclosed: Yes

#### Review

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

#### Dates

- Event date: 2026-09-24T00:00:00.000Z

Reasoning: A good length gold intercept at Fairview North indicates mineralization potential.

- Positive factor: Good intercept length \(13m\)

- Positive factor: Moderate gold grade \(1.22 g/t\)

Evidence · text

> 13m at 1.22g/t gold from 40m

#### 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

### SFRC015

[Link to this fact](https://atlas-staging.minestarters.com/news/svy-annual-report-june-2026--db618292-3131-43fb-bd50-6b6f9e70f830#fact-drill-facts-82)

Fairview North Gold Prospect · gold

#### Identity

- Hole ID: SFRC015
- Project: Fairview North Gold Prospect
- Commodity: gold
- Region: australia\_vic
- Reported Region: australia\_vic
- Ticker: SVY

#### Geometry

- Grade: 2.29
- Grade Unit: g/t
- Intercept: 4 m
- From: 42 m
- To: 46 m
- Intercept Depth: 42 m

#### Classification

- Program: exploration
- Sample Type: drill
- Group ID: SFRC015:42-46

#### QA/QC

- QP Signed: Yes

#### Compositing

- Dilution Disclosed: Yes

#### Review

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

#### Dates

- Event date: 2026-09-24T00:00:00.000Z

Reasoning: A strong gold intercept within a broader zone at Fairview North is a positive result.

- Positive factor: Strong gold grade \(2.29 g/t\)

Evidence · text

> 4m at 2.29g/t gold from 42m

#### 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

### SFRC018

[Link to this fact](https://atlas-staging.minestarters.com/news/svy-annual-report-june-2026--db618292-3131-43fb-bd50-6b6f9e70f830#fact-drill-facts-83)

Fairview North Gold Prospect · gold

#### Identity

- Hole ID: SFRC018
- Project: Fairview North Gold Prospect
- Commodity: gold
- Region: australia\_vic
- Reported Region: australia\_vic
- Ticker: SVY

#### Geometry

- Grade: 0.98
- Grade Unit: g/t
- Intercept: 40 m
- From: 0 m
- To: 40 m
- Intercept Depth: 0 m

#### Classification

- Program: exploration
- Sample Type: drill
- Group ID: SFRC018:0-40

#### QA/QC

- QP Signed: Yes

#### Compositing

- Dilution Disclosed: Yes

#### Review

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

#### Dates

- Event date: 2026-09-24T00:00:00.000Z

Reasoning: A broad, near-surface gold intercept at Fairview North indicates mineralization potential.

- Positive factor: Broad intercept \(40m\)

- Positive factor: Moderate gold grade \(0.98 g/t\)

- Positive factor: Near surface mineralization \(from surface\)

Evidence · text

> 40m at 0.98g/t gold from surface in SFRC018

#### 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

### SFRC018

[Link to this fact](https://atlas-staging.minestarters.com/news/svy-annual-report-june-2026--db618292-3131-43fb-bd50-6b6f9e70f830#fact-drill-facts-84)

Fairview North Gold Prospect · gold

#### Identity

- Hole ID: SFRC018
- Project: Fairview North Gold Prospect
- Commodity: gold
- Region: australia\_vic
- Reported Region: australia\_vic
- Ticker: SVY

#### Geometry

- Grade: 2.14
- Grade Unit: g/t
- Intercept: 14 m
- From: 16 m
- To: 30 m
- Intercept Depth: 16 m

#### Classification

- Program: exploration
- Sample Type: drill
- Group ID: SFRC018:16-30

#### QA/QC

- QP Signed: Yes

#### Compositing

- Dilution Disclosed: Yes

#### Review

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

#### Dates

- Event date: 2026-09-24T00:00:00.000Z

Reasoning: A strong gold intercept within a broader zone at Fairview North is a positive result.

- Positive factor: Good intercept length \(14m\)

- Positive factor: Strong gold grade \(2.14 g/t\)

- Positive factor: Shallow mineralization \(from 16m\)

Evidence · text

> 14m @ 2.14g/t gold from 16m

#### 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

### SFRC018

[Link to this fact](https://atlas-staging.minestarters.com/news/svy-annual-report-june-2026--db618292-3131-43fb-bd50-6b6f9e70f830#fact-drill-facts-85)

Fairview North Gold Prospect · gold

#### Identity

- Hole ID: SFRC018
- Project: Fairview North Gold Prospect
- Commodity: gold
- Region: australia\_vic
- Reported Region: australia\_vic
- Ticker: SVY

#### Geometry

- Grade: 6.14
- Grade Unit: g/t
- Intercept: 4 m
- From: 16 m
- To: 20 m
- Intercept Depth: 16 m

#### Classification

- Program: exploration
- Sample Type: drill
- Group ID: SFRC018:16-20

#### QA/QC

- QP Signed: Yes

#### Compositing

- Dilution Disclosed: Yes

#### Review

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

#### Dates

- Event date: 2026-09-24T00:00:00.000Z

Reasoning: An exceptionally high-grade gold intercept within a broader zone at Fairview North is a very positive result.

- Positive factor: Bonanza grade \(6.14 g/t gold\)

- Positive factor: Shallow mineralization \(from 16m\)

Evidence · text

> 4m at 6.14g/t gold from 16m

#### 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

### SFRC018

[Link to this fact](https://atlas-staging.minestarters.com/news/svy-annual-report-june-2026--db618292-3131-43fb-bd50-6b6f9e70f830#fact-drill-facts-86)

Fairview North Gold Prospect · gold

#### Identity

- Hole ID: SFRC018
- Project: Fairview North Gold Prospect
- Commodity: gold
- Region: australia\_vic
- Reported Region: australia\_vic
- Ticker: SVY

#### Geometry

- Grade: 18.6
- Grade Unit: g/t
- Intercept: 1 m
- From: 16 m
- To: 17 m
- Intercept Depth: 16 m

#### Classification

- Program: exploration
- Sample Type: drill
- Group ID: SFRC018:16-17

#### QA/QC

- QP Signed: Yes

#### Compositing

- Dilution Disclosed: Yes

#### Review

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

#### Dates

- Event date: 2026-09-24T00:00:00.000Z

Reasoning: An exceptionally high-grade gold intercept within a broader zone at Fairview North is a very positive result.

- Positive factor: Bonanza grade \(18.60 g/t gold\)

- Positive factor: Shallow mineralization \(from 16m\)

Evidence · text

> 1m at 18.60g/t gold from 16m

#### 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

### SFRC019

[Link to this fact](https://atlas-staging.minestarters.com/news/svy-annual-report-june-2026--db618292-3131-43fb-bd50-6b6f9e70f830#fact-drill-facts-87)

Fairview North Gold Prospect · gold

#### Identity

- Hole ID: SFRC019
- Project: Fairview North Gold Prospect
- Commodity: gold
- Region: australia\_vic
- Reported Region: australia\_vic
- Ticker: SVY

#### Geometry

- Grade: 0.98
- Grade Unit: g/t
- Intercept: 21 m
- From: 31 m
- To: 52 m
- Intercept Depth: 31 m

#### Classification

- Program: exploration
- Sample Type: drill
- Group ID: SFRC019:31-52

#### QA/QC

- QP Signed: Yes

#### Compositing

- Dilution Disclosed: Yes

#### Review

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

#### Dates

- Event date: 2026-09-24T00:00:00.000Z

Reasoning: A good length gold intercept at Fairview North indicates mineralization potential.

- Positive factor: Good intercept length \(21m\)

- Positive factor: Moderate gold grade \(0.98 g/t\)

Evidence · text

> 21m at 0.98g/t gold from 31m drill depth in SFRC019

#### 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

### SFRC019

[Link to this fact](https://atlas-staging.minestarters.com/news/svy-annual-report-june-2026--db618292-3131-43fb-bd50-6b6f9e70f830#fact-drill-facts-88)

Fairview North Gold Prospect · gold

#### Identity

- Hole ID: SFRC019
- Project: Fairview North Gold Prospect
- Commodity: gold
- Region: australia\_vic
- Reported Region: australia\_vic
- Ticker: SVY

#### Geometry

- Grade: 1.81
- Grade Unit: g/t
- Intercept: 10 m
- From: 42 m
- To: 52 m
- Intercept Depth: 42 m

#### Classification

- Program: exploration
- Sample Type: drill
- Group ID: SFRC019:42-52

#### QA/QC

- QP Signed: Yes

#### Compositing

- Dilution Disclosed: Yes

#### Review

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

#### Dates

- Event date: 2026-09-24T00:00:00.000Z

Reasoning: A strong gold intercept within a broader zone at Fairview North is a positive result.

- Positive factor: Strong gold grade \(1.81 g/t\)

- Positive factor: Good intercept length \(10m\)

Evidence · text

> 10m at 1.81g/t gold from 42m

#### 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

### SFRC019

[Link to this fact](https://atlas-staging.minestarters.com/news/svy-annual-report-june-2026--db618292-3131-43fb-bd50-6b6f9e70f830#fact-drill-facts-89)

Fairview North Gold Prospect · gold

#### Identity

- Hole ID: SFRC019
- Project: Fairview North Gold Prospect
- Commodity: gold
- Region: australia\_vic
- Reported Region: australia\_vic
- Ticker: SVY

#### Geometry

- Grade: 6.64
- Grade Unit: g/t
- Intercept: 2 m
- From: 42 m
- To: 44 m
- Intercept Depth: 42 m

#### Classification

- Program: exploration
- Sample Type: drill
- Group ID: SFRC019:42-44

#### QA/QC

- QP Signed: Yes

#### Compositing

- Dilution Disclosed: Yes

#### Review

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

#### Dates

- Event date: 2026-09-24T00:00:00.000Z

Reasoning: An exceptionally high-grade gold intercept within a broader zone at Fairview North is a very positive result.

- Positive factor: Bonanza grade \(6.64 g/t gold\)

Evidence · text

> 2m at 6.64g/t gold from 42m

#### 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

### SFRC034

[Link to this fact](https://atlas-staging.minestarters.com/news/svy-annual-report-june-2026--db618292-3131-43fb-bd50-6b6f9e70f830#fact-drill-facts-90)

Fairview North Gold Prospect · gold

#### Identity

- Hole ID: SFRC034
- Project: Fairview North Gold Prospect
- Commodity: gold
- Region: australia\_vic
- Reported Region: australia\_vic
- Ticker: SVY

#### Geometry

- Grade: 1.85
- Grade Unit: g/t
- Intercept: 7 m
- From: 7 m
- To: 14 m
- Intercept Depth: 7 m

#### Classification

- Program: exploration
- Sample Type: drill
- Group ID: SFRC034:7-14

#### QA/QC

- QP Signed: Yes

#### Compositing

- Dilution Disclosed: Yes

#### Review

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

#### Dates

- Event date: 2026-09-24T00:00:00.000Z

Reasoning: A strong, shallow gold intercept at Fairview North extends the known mineralization to the north.

- Positive factor: Strong gold grade \(1.85 g/t\)

- Positive factor: Shallow mineralization \(from 7m\)

Evidence · text

> 7m at 1.85g/t gold from 7m drill depth

#### 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

### SFRC024

[Link to this fact](https://atlas-staging.minestarters.com/news/svy-annual-report-june-2026--db618292-3131-43fb-bd50-6b6f9e70f830#fact-drill-facts-91)

Fairview North Gold Prospect · gold

#### Identity

- Hole ID: SFRC024
- Project: Fairview North Gold Prospect
- Commodity: gold
- Region: australia\_vic
- Reported Region: australia\_vic
- Ticker: SVY

#### Geometry

- Grade: 1.35
- Grade Unit: g/t
- Intercept: 19 m
- From: 60 m
- To: 79 m
- Intercept Depth: 60 m

#### Classification

- Program: exploration
- Sample Type: drill
- Group ID: SFRC024:60-79

#### QA/QC

- QP Signed: Yes

#### Compositing

- Dilution Disclosed: Yes

#### Review

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

#### Dates

- Event date: 2026-09-24T00:00:00.000Z

Reasoning: A good length gold intercept at Fairview North extends the known mineralization to the south.

- Positive factor: Good intercept length \(19m\)

- Positive factor: Moderate gold grade \(1.35 g/t\)

Evidence · text

> 19m at 1.35g/t gold from 60m drill depth

#### 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

### SFRC024

[Link to this fact](https://atlas-staging.minestarters.com/news/svy-annual-report-june-2026--db618292-3131-43fb-bd50-6b6f9e70f830#fact-drill-facts-92)

Fairview North Gold Prospect · gold

#### Identity

- Hole ID: SFRC024
- Project: Fairview North Gold Prospect
- Commodity: gold
- Region: australia\_vic
- Reported Region: australia\_vic
- Ticker: SVY

#### Geometry

- Grade: 12.75
- Grade Unit: g/t
- Intercept: 1 m
- From: 60 m
- To: 61 m
- Intercept Depth: 60 m

#### Classification

- Program: exploration
- Sample Type: drill
- Group ID: SFRC024:60-61

#### QA/QC

- QP Signed: Yes

#### Compositing

- Dilution Disclosed: Yes

#### Review

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

#### Dates

- Event date: 2026-09-24T00:00:00.000Z

Reasoning: An exceptionally high-grade gold intercept within a broader zone at Fairview North is a very positive result.

- Positive factor: Bonanza grade \(12.75 g/t gold\)

Evidence · text

> 1m at 12.75g/t gold from 60m

#### 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

### SFSRC001

[Link to this fact](https://atlas-staging.minestarters.com/news/svy-annual-report-june-2026--db618292-3131-43fb-bd50-6b6f9e70f830#fact-drill-facts-93)

multi-zone · gold

#### Identity

- Hole ID: SFSRC001
- Project: multi-zone
- Commodity: gold
- Region: australia\_vic
- Reported Region: australia\_vic
- Ticker: SVY

#### Geometry

- Grade: 1.96
- Grade Unit: g/t
- Intercept: 40 m
- From: 0 m
- To: 40 m
- Intercept Depth: 0 m

#### Classification

- Program: exploration
- Sample Type: drill
- Group ID: SFSRC001:0-40

#### QA/QC

- QP Signed: Yes

#### Compositing

- Cutoff Grade: 0.2
- Cutoff Unit: g/t gold
- Dilution Disclosed: Yes
- Max Dilution: 4 m

#### Review

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

#### Dates

- Event date: 2026-09-24T00:00:00.000Z

Reasoning: A broad, near-surface gold intercept with strong grades at Fairview South indicates significant mineralization potential.

- Positive factor: Broad intercept \(40m\)

- Positive factor: Strong gold grade \(1.96 g/t\)

- Positive factor: Near surface mineralization \(from surface\)

- Positive factor: Compositing Transparent \(cut-off and dilution disclosed\)

Evidence · text

> 40m at 1.96g/t gold from surface \(0.20g/t gold, max 4m internal dilution\)

#### 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

**Compositing Transparent**

Polarity: positive

Definition: Cut-off grade and internal dilution rules are clearly stated for reported intervals.

Why it applies: cutoff\_grade and internal dilution are both stated

### SFSRC001

[Link to this fact](https://atlas-staging.minestarters.com/news/svy-annual-report-june-2026--db618292-3131-43fb-bd50-6b6f9e70f830#fact-drill-facts-94)

multi-zone · gold

#### Identity

- Hole ID: SFSRC001
- Project: multi-zone
- Commodity: gold
- Region: australia\_vic
- Reported Region: australia\_vic
- Ticker: SVY

#### Geometry

- Grade: 4.18
- Grade Unit: g/t
- Intercept: 17 m
- From: 9 m
- To: 26 m
- Intercept Depth: 9 m

#### Classification

- Program: exploration
- Sample Type: drill
- Group ID: SFSRC001:9-26

#### QA/QC

- QP Signed: Yes

#### Compositing

- Dilution Disclosed: Yes

#### Review

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

#### Dates

- Event date: 2026-09-24T00:00:00.000Z

Reasoning: An exceptionally high-grade gold intercept within a broader zone at Fairview South is a very positive result.

- Positive factor: Exceptional grade \(4.18 g/t gold\)

- Positive factor: Good intercept length \(17m\)

- Positive factor: Shallow mineralization \(from 9m\)

Evidence · text

> 17m at 4.18g/t gold from 9m down-hole

#### 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

### SFSRC001

[Link to this fact](https://atlas-staging.minestarters.com/news/svy-annual-report-june-2026--db618292-3131-43fb-bd50-6b6f9e70f830#fact-drill-facts-95)

multi-zone · gold

#### Identity

- Hole ID: SFSRC001
- Project: multi-zone
- Commodity: gold
- Region: australia\_vic
- Reported Region: australia\_vic
- Ticker: SVY

#### Geometry

- Grade: 7.15
- Grade Unit: g/t
- Intercept: 9 m
- From: 9 m
- To: 18 m
- Intercept Depth: 9 m

#### Classification

- Program: exploration
- Sample Type: drill
- Group ID: SFSRC001:9-18

#### QA/QC

- QP Signed: Yes

#### Compositing

- Dilution Disclosed: Yes

#### Review

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

#### Dates

- Event date: 2026-09-24T00:00:00.000Z

Reasoning: An exceptionally high-grade gold intercept within a broader zone at Fairview South is a very positive result.

- Positive factor: Bonanza grade \(7.15 g/t gold\)

- Positive factor: Shallow mineralization \(from 9m\)

Evidence · text

> 9m @ 7.15g/t gold from 9m down-hole

#### 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

### SFSRC001

[Link to this fact](https://atlas-staging.minestarters.com/news/svy-annual-report-june-2026--db618292-3131-43fb-bd50-6b6f9e70f830#fact-drill-facts-96)

multi-zone · gold

#### Identity

- Hole ID: SFSRC001
- Project: multi-zone
- Commodity: gold
- Region: australia\_vic
- Reported Region: australia\_vic
- Ticker: SVY

#### Geometry

- Grade: 49.2
- Grade Unit: g/t
- Intercept: 1 m
- From: 10 m
- To: 11 m
- Intercept Depth: 10 m

#### Classification

- Program: exploration
- Sample Type: drill
- Group ID: SFSRC001:10-11

#### QA/QC

- QP Signed: Yes

#### Compositing

- Dilution Disclosed: Yes

#### Review

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

#### Dates

- Event date: 2026-09-24T00:00:00.000Z

Reasoning: An exceptionally high-grade gold intercept within a broader zone at Fairview South is a very positive result.

- Positive factor: Bonanza grade \(49.2 g/t gold\)

- Positive factor: Shallow mineralization \(from 10m\)

Evidence · text

> 1m at 49.2g/t gold from 10m down-hole

#### 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

### STRC0132

[Link to this fact](https://atlas-staging.minestarters.com/news/svy-annual-report-june-2026--db618292-3131-43fb-bd50-6b6f9e70f830#fact-drill-facts-97)

Freddy’s Find Gold Prospect · gold

#### Identity

- Hole ID: STRC0132
- Project: Freddy’s Find Gold Prospect
- Commodity: gold
- Region: australia\_vic
- Reported Region: australia\_vic
- Ticker: SVY

#### Geometry

- Grade: 0.86
- Grade Unit: g/t
- Intercept: 29 m
- From: 46 m
- To: 75 m
- Intercept Depth: 46 m

#### Classification

- Program: exploration
- Sample Type: drill
- Group ID: STRC0132:46-75

#### QA/QC

- QP Signed: Yes

#### Metal Equivalent

- Metal Eq. Grade: 0.86
- Metal Eq. Unit: g/t AuEq
- Assumptions Disclosed: No

#### Compositing

- Dilution Disclosed: Yes

#### Review

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

#### Dates

- Event date: 2026-09-24T00:00:00.000Z

Reasoning: A good length gold equivalent intercept at Freddy's Find indicates mineralization potential.

- Positive factor: Good intercept length \(29m\)

- Positive factor: Moderate gold equivalent grade \(0.86 g/t AuEq\)

- Negative factor: Metal Equivalent Opaque \(assumptions not disclosed\)

Evidence · table

> 0.86

Context: 29.00

#### 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

**Metal Equivalent Opaque**

Polarity: negative

Definition: Metal equivalent grade reported without disclosing the price, recovery, or payability assumptions used.

Why it applies: an equivalent grade is reported without its assumptions

### STRC0132

[Link to this fact](https://atlas-staging.minestarters.com/news/svy-annual-report-june-2026--db618292-3131-43fb-bd50-6b6f9e70f830#fact-drill-facts-98)

Freddy’s Find Gold Prospect · silver

#### Identity

- Hole ID: STRC0132
- Project: Freddy’s Find Gold Prospect
- Commodity: silver
- Region: australia\_vic
- Reported Region: australia\_vic
- Ticker: SVY

#### Geometry

- Grade: 11
- Grade Unit: g/t
- Intercept: 29 m
- From: 46 m
- To: 75 m
- Intercept Depth: 46 m

#### Classification

- Program: exploration
- Sample Type: drill
- Group ID: STRC0132:46-75

#### QA/QC

- QP Signed: Yes

#### Compositing

- Dilution Disclosed: Yes

#### Review

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

#### Dates

- Event date: 2026-09-24T00:00:00.000Z

Reasoning: A good length silver intercept at Freddy's Find, though low grade, contributes to the polymetallic potential.

- Positive factor: Good intercept length \(29m\)

- Negative factor: Weak silver grade \(11 g/t\)

Evidence · table

> 11.00

Context: 29.00

#### 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

### STRC0132

[Link to this fact](https://atlas-staging.minestarters.com/news/svy-annual-report-june-2026--db618292-3131-43fb-bd50-6b6f9e70f830#fact-drill-facts-99)

Freddy’s Find Gold Prospect · gold

#### Identity

- Hole ID: STRC0132
- Project: Freddy’s Find Gold Prospect
- Commodity: gold
- Region: australia\_vic
- Reported Region: australia\_vic
- Ticker: SVY

#### Geometry

- Grade: 1.09
- Grade Unit: g/t
- Intercept: 16 m
- From: 46 m
- To: 62 m
- Intercept Depth: 46 m

#### Classification

- Program: exploration
- Sample Type: drill
- Group ID: STRC0132:46-62

#### QA/QC

- QP Signed: Yes

#### Metal Equivalent

- Metal Eq. Grade: 1.09
- Metal Eq. Unit: g/t AuEq
- Assumptions Disclosed: No

#### Compositing

- Dilution Disclosed: Yes

#### Review

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

#### Dates

- Event date: 2026-09-24T00:00:00.000Z

Reasoning: A good length gold equivalent intercept at Freddy's Find indicates mineralization potential.

- Positive factor: Good intercept length \(16m\)

- Positive factor: Moderate gold equivalent grade \(1.09 g/t AuEq\)

- Negative factor: Metal Equivalent Opaque \(assumptions not disclosed\)

Evidence · table

> 1.09

Context: 16.00

#### 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

**Metal Equivalent Opaque**

Polarity: negative

Definition: Metal equivalent grade reported without disclosing the price, recovery, or payability assumptions used.

Why it applies: an equivalent grade is reported without its assumptions

### STRC0132

[Link to this fact](https://atlas-staging.minestarters.com/news/svy-annual-report-june-2026--db618292-3131-43fb-bd50-6b6f9e70f830#fact-drill-facts-100)

Freddy’s Find Gold Prospect · silver

#### Identity

- Hole ID: STRC0132
- Project: Freddy’s Find Gold Prospect
- Commodity: silver
- Region: australia\_vic
- Reported Region: australia\_vic
- Ticker: SVY

#### Geometry

- Grade: 12.63
- Grade Unit: g/t
- Intercept: 16 m
- From: 46 m
- To: 62 m
- Intercept Depth: 46 m

#### Classification

- Program: exploration
- Sample Type: drill
- Group ID: STRC0132:46-62

#### QA/QC

- QP Signed: Yes

#### Compositing

- Dilution Disclosed: Yes

#### Review

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

#### Dates

- Event date: 2026-09-24T00:00:00.000Z

Reasoning: A good length silver intercept at Freddy's Find, though low grade, contributes to the polymetallic potential.

- Positive factor: Good intercept length \(16m\)

- Negative factor: Weak silver grade \(12.63 g/t\)

Evidence · table

> 12.63

Context: 16.00

#### 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

### STRC0132

[Link to this fact](https://atlas-staging.minestarters.com/news/svy-annual-report-june-2026--db618292-3131-43fb-bd50-6b6f9e70f830#fact-drill-facts-101)

Freddy’s Find Gold Prospect · gold

#### Identity

- Hole ID: STRC0132
- Project: Freddy’s Find Gold Prospect
- Commodity: gold
- Region: australia\_vic
- Reported Region: australia\_vic
- Ticker: SVY

#### Geometry

- Grade: 1.94
- Grade Unit: g/t
- Intercept: 7 m
- From: 53 m
- To: 60 m
- Intercept Depth: 53 m

#### Classification

- Program: exploration
- Sample Type: drill
- Group ID: STRC0132:53-60

#### QA/QC

- QP Signed: Yes

#### Metal Equivalent

- Metal Eq. Grade: 1.94
- Metal Eq. Unit: g/t AuEq
- Assumptions Disclosed: No

#### Compositing

- Dilution Disclosed: Yes

#### Review

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

#### Dates

- Event date: 2026-09-24T00:00:00.000Z

Reasoning: A strong gold equivalent intercept at Freddy's Find indicates significant mineralization.

- Positive factor: Strong gold equivalent grade \(1.94 g/t AuEq\)

- Negative factor: Metal Equivalent Opaque \(assumptions not disclosed\)

Evidence · table

> 1.94

Context: 7

#### 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

**Metal Equivalent Opaque**

Polarity: negative

Definition: Metal equivalent grade reported without disclosing the price, recovery, or payability assumptions used.

Why it applies: an equivalent grade is reported without its assumptions

### STRC0132

[Link to this fact](https://atlas-staging.minestarters.com/news/svy-annual-report-june-2026--db618292-3131-43fb-bd50-6b6f9e70f830#fact-drill-facts-102)

Freddy’s Find Gold Prospect · silver

#### Identity

- Hole ID: STRC0132
- Project: Freddy’s Find Gold Prospect
- Commodity: silver
- Region: australia\_vic
- Reported Region: australia\_vic
- Ticker: SVY

#### Geometry

- Grade: 13.7
- Grade Unit: g/t
- Intercept: 7 m
- From: 53 m
- To: 60 m
- Intercept Depth: 53 m

#### Classification

- Program: exploration
- Sample Type: drill
- Group ID: STRC0132:53-60

#### QA/QC

- QP Signed: Yes

#### Compositing

- Dilution Disclosed: Yes

#### Review

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

#### Dates

- Event date: 2026-09-24T00:00:00.000Z

Reasoning: A silver intercept at Freddy's Find, though low grade, contributes to the polymetallic potential.

- Negative factor: Weak silver grade \(13.7 g/t\)

Evidence · table

> 13.7

Context: 7

#### 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

### STRC0132

[Link to this fact](https://atlas-staging.minestarters.com/news/svy-annual-report-june-2026--db618292-3131-43fb-bd50-6b6f9e70f830#fact-drill-facts-103)

Freddy’s Find Gold Prospect · gold

#### Identity

- Hole ID: STRC0132
- Project: Freddy’s Find Gold Prospect
- Commodity: gold
- Region: australia\_vic
- Reported Region: australia\_vic
- Ticker: SVY

#### Geometry

- Grade: 2.31
- Grade Unit: g/t
- Intercept: 4 m
- From: 56 m
- To: 60 m
- Intercept Depth: 56 m

#### Classification

- Program: exploration
- Sample Type: drill
- Group ID: STRC0132:56-60

#### QA/QC

- QP Signed: Yes

#### Metal Equivalent

- Metal Eq. Grade: 2.31
- Metal Eq. Unit: g/t AuEq
- Assumptions Disclosed: No

#### Compositing

- Dilution Disclosed: Yes

#### Review

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

#### Dates

- Event date: 2026-09-24T00:00:00.000Z

Reasoning: A strong gold equivalent intercept at Freddy's Find indicates significant mineralization.

- Positive factor: Strong gold equivalent grade \(2.31 g/t AuEq\)

- Negative factor: Metal Equivalent Opaque \(assumptions not disclosed\)

Evidence · table

> 2.31

Context: 4

#### 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

**Metal Equivalent Opaque**

Polarity: negative

Definition: Metal equivalent grade reported without disclosing the price, recovery, or payability assumptions used.

Why it applies: an equivalent grade is reported without its assumptions

### STRC0132

[Link to this fact](https://atlas-staging.minestarters.com/news/svy-annual-report-june-2026--db618292-3131-43fb-bd50-6b6f9e70f830#fact-drill-facts-104)

Freddy’s Find Gold Prospect · silver

#### Identity

- Hole ID: STRC0132
- Project: Freddy’s Find Gold Prospect
- Commodity: silver
- Region: australia\_vic
- Reported Region: australia\_vic
- Ticker: SVY

#### Geometry

- Grade: 17.79
- Grade Unit: g/t
- Intercept: 4 m
- From: 56 m
- To: 60 m
- Intercept Depth: 56 m

#### Classification

- Program: exploration
- Sample Type: drill
- Group ID: STRC0132:56-60

#### QA/QC

- QP Signed: Yes

#### Compositing

- Dilution Disclosed: Yes

#### Review

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

#### Dates

- Event date: 2026-09-24T00:00:00.000Z

Reasoning: A silver intercept at Freddy's Find, though low grade, contributes to the polymetallic potential.

- Negative factor: Weak silver grade \(17.79 g/t\)

Evidence · table

> 17.79

Context: 4

#### 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

### STRC0132

[Link to this fact](https://atlas-staging.minestarters.com/news/svy-annual-report-june-2026--db618292-3131-43fb-bd50-6b6f9e70f830#fact-drill-facts-105)

Freddy’s Find Gold Prospect · gold

#### Identity

- Hole ID: STRC0132
- Project: Freddy’s Find Gold Prospect
- Commodity: gold
- Region: australia\_vic
- Reported Region: australia\_vic
- Ticker: SVY

#### Geometry

- Grade: 1.35
- Grade Unit: g/t
- Intercept: 4 m
- From: 70 m
- To: 74 m
- Intercept Depth: 70 m

#### Classification

- Program: exploration
- Sample Type: drill
- Group ID: STRC0132:70-74

#### QA/QC

- QP Signed: Yes

#### Metal Equivalent

- Metal Eq. Grade: 1.35
- Metal Eq. Unit: g/t AuEq
- Assumptions Disclosed: No

#### Compositing

- Dilution Disclosed: Yes

#### Review

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

#### Dates

- Event date: 2026-09-24T00:00:00.000Z

Reasoning: A moderate gold equivalent intercept at Freddy's Find indicates mineralization potential.

- Positive factor: Moderate gold equivalent grade \(1.35 g/t AuEq\)

- Negative factor: Metal Equivalent Opaque \(assumptions not disclosed\)

Evidence · table

> 1.35

Context: 4

#### 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

**Metal Equivalent Opaque**

Polarity: negative

Definition: Metal equivalent grade reported without disclosing the price, recovery, or payability assumptions used.

Why it applies: an equivalent grade is reported without its assumptions

### STRC0132

[Link to this fact](https://atlas-staging.minestarters.com/news/svy-annual-report-june-2026--db618292-3131-43fb-bd50-6b6f9e70f830#fact-drill-facts-106)

Freddy’s Find Gold Prospect · silver

#### Identity

- Hole ID: STRC0132
- Project: Freddy’s Find Gold Prospect
- Commodity: silver
- Region: australia\_vic
- Reported Region: australia\_vic
- Ticker: SVY

#### Geometry

- Grade: 19.7
- Grade Unit: g/t
- Intercept: 4 m
- From: 70 m
- To: 74 m
- Intercept Depth: 70 m

#### Classification

- Program: exploration
- Sample Type: drill
- Group ID: STRC0132:70-74

#### QA/QC

- QP Signed: Yes

#### Compositing

- Dilution Disclosed: Yes

#### Review

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

#### Dates

- Event date: 2026-09-24T00:00:00.000Z

Reasoning: A silver intercept at Freddy's Find, though low grade, contributes to the polymetallic potential.

- Negative factor: Weak silver grade \(19.7 g/t\)

Evidence · table

> 19.7

Context: 4

#### 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

### STRC0132

[Link to this fact](https://atlas-staging.minestarters.com/news/svy-annual-report-june-2026--db618292-3131-43fb-bd50-6b6f9e70f830#fact-drill-facts-107)

Freddy’s Find Gold Prospect · gold

#### Identity

- Hole ID: STRC0132
- Project: Freddy’s Find Gold Prospect
- Commodity: gold
- Region: australia\_vic
- Reported Region: australia\_vic
- Ticker: SVY

#### Geometry

- Grade: 0.98
- Grade Unit: g/t
- Intercept: 22 m
- From: 113 m
- To: 135 m
- Intercept Depth: 113 m

#### Classification

- Program: exploration
- Sample Type: drill
- Group ID: STRC0132:113-135

#### QA/QC

- QP Signed: Yes

#### Metal Equivalent

- Metal Eq. Grade: 0.98
- Metal Eq. Unit: g/t AuEq
- Assumptions Disclosed: No

#### Compositing

- Dilution Disclosed: Yes

#### Review

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

#### Dates

- Event date: 2026-09-24T00:00:00.000Z

Reasoning: A good length gold equivalent intercept at Freddy's Find indicates mineralization potential.

- Positive factor: Good intercept length \(22m\)

- Positive factor: Moderate gold equivalent grade \(0.98 g/t AuEq\)

- Negative factor: Metal Equivalent Opaque \(assumptions not disclosed\)

Evidence · table

> 0.98

Context: 22

#### 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

**Metal Equivalent Opaque**

Polarity: negative

Definition: Metal equivalent grade reported without disclosing the price, recovery, or payability assumptions used.

Why it applies: an equivalent grade is reported without its assumptions

### STRC0132

[Link to this fact](https://atlas-staging.minestarters.com/news/svy-annual-report-june-2026--db618292-3131-43fb-bd50-6b6f9e70f830#fact-drill-facts-108)

Freddy’s Find Gold Prospect · silver

#### Identity

- Hole ID: STRC0132
- Project: Freddy’s Find Gold Prospect
- Commodity: silver
- Region: australia\_vic
- Reported Region: australia\_vic
- Ticker: SVY

#### Geometry

- Grade: 19.39
- Grade Unit: g/t
- Intercept: 22 m
- From: 113 m
- To: 135 m
- Intercept Depth: 113 m

#### Classification

- Program: exploration
- Sample Type: drill
- Group ID: STRC0132:113-135

#### QA/QC

- QP Signed: Yes

#### Compositing

- Dilution Disclosed: Yes

#### Review

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

#### Dates

- Event date: 2026-09-24T00:00:00.000Z

Reasoning: A good length silver intercept at Freddy's Find, though low grade, contributes to the polymetallic potential.

- Positive factor: Good intercept length \(22m\)

- Negative factor: Weak silver grade \(19.39 g/t\)

Evidence · table

> 19.39

Context: 22

#### 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

### STRC0132

[Link to this fact](https://atlas-staging.minestarters.com/news/svy-annual-report-june-2026--db618292-3131-43fb-bd50-6b6f9e70f830#fact-drill-facts-109)

Freddy’s Find Gold Prospect · gold

#### Identity

- Hole ID: STRC0132
- Project: Freddy’s Find Gold Prospect
- Commodity: gold
- Region: australia\_vic
- Reported Region: australia\_vic
- Ticker: SVY

#### Geometry

- Grade: 1.21
- Grade Unit: g/t
- Intercept: 16 m
- From: 113 m
- To: 129 m
- Intercept Depth: 113 m

#### Classification

- Program: exploration
- Sample Type: drill
- Group ID: STRC0132:113-129

#### QA/QC

- QP Signed: Yes

#### Metal Equivalent

- Metal Eq. Grade: 1.21
- Metal Eq. Unit: g/t AuEq
- Assumptions Disclosed: No

#### Compositing

- Dilution Disclosed: Yes

#### Review

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

#### Dates

- Event date: 2026-09-24T00:00:00.000Z

Reasoning: A good length gold equivalent intercept at Freddy's Find indicates mineralization potential.

- Positive factor: Good intercept length \(16m\)

- Positive factor: Moderate gold equivalent grade \(1.21 g/t AuEq\)

- Negative factor: Metal Equivalent Opaque \(assumptions not disclosed\)

Evidence · table

> 1.21

Context: 16

#### 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

**Metal Equivalent Opaque**

Polarity: negative

Definition: Metal equivalent grade reported without disclosing the price, recovery, or payability assumptions used.

Why it applies: an equivalent grade is reported without its assumptions

### STRC0132

[Link to this fact](https://atlas-staging.minestarters.com/news/svy-annual-report-june-2026--db618292-3131-43fb-bd50-6b6f9e70f830#fact-drill-facts-110)

Freddy’s Find Gold Prospect · silver

#### Identity

- Hole ID: STRC0132
- Project: Freddy’s Find Gold Prospect
- Commodity: silver
- Region: australia\_vic
- Reported Region: australia\_vic
- Ticker: SVY

#### Geometry

- Grade: 24.26
- Grade Unit: g/t
- Intercept: 16 m
- From: 113 m
- To: 129 m
- Intercept Depth: 113 m

#### Classification

- Program: exploration
- Sample Type: drill
- Group ID: STRC0132:113-129

#### QA/QC

- QP Signed: Yes

#### Compositing

- Dilution Disclosed: Yes

#### Review

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

#### Dates

- Event date: 2026-09-24T00:00:00.000Z

Reasoning: A good length silver intercept at Freddy's Find, though low grade, contributes to the polymetallic potential.

- Positive factor: Good intercept length \(16m\)

- Negative factor: Weak silver grade \(24.26 g/t\)

Evidence · table

> 24.26

Context: 16

#### 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

### STRC0132

[Link to this fact](https://atlas-staging.minestarters.com/news/svy-annual-report-june-2026--db618292-3131-43fb-bd50-6b6f9e70f830#fact-drill-facts-111)

Freddy’s Find Gold Prospect · gold

#### Identity

- Hole ID: STRC0132
- Project: Freddy’s Find Gold Prospect
- Commodity: gold
- Region: australia\_vic
- Reported Region: australia\_vic
- Ticker: SVY

#### Geometry

- Grade: 2.05
- Grade Unit: g/t
- Intercept: 4 m
- From: 125 m
- To: 129 m
- Intercept Depth: 125 m

#### Classification

- Program: exploration
- Sample Type: drill
- Group ID: STRC0132:125-129

#### QA/QC

- QP Signed: Yes

#### Metal Equivalent

- Metal Eq. Grade: 2.05
- Metal Eq. Unit: g/t AuEq
- Assumptions Disclosed: No

#### Compositing

- Dilution Disclosed: Yes

#### Review

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

#### Dates

- Event date: 2026-09-24T00:00:00.000Z

Reasoning: A strong gold equivalent intercept at Freddy's Find indicates significant mineralization.

- Positive factor: Strong gold equivalent grade \(2.05 g/t AuEq\)

- Negative factor: Metal Equivalent Opaque \(assumptions not disclosed\)

Evidence · table

> 2.05

Context: 4

#### 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

**Metal Equivalent Opaque**

Polarity: negative

Definition: Metal equivalent grade reported without disclosing the price, recovery, or payability assumptions used.

Why it applies: an equivalent grade is reported without its assumptions

### STRC0132

[Link to this fact](https://atlas-staging.minestarters.com/news/svy-annual-report-june-2026--db618292-3131-43fb-bd50-6b6f9e70f830#fact-drill-facts-112)

Freddy’s Find Gold Prospect · silver

#### Identity

- Hole ID: STRC0132
- Project: Freddy’s Find Gold Prospect
- Commodity: silver
- Region: australia\_vic
- Reported Region: australia\_vic
- Ticker: SVY

#### Geometry

- Grade: 46.5
- Grade Unit: g/t
- Intercept: 4 m
- From: 125 m
- To: 129 m
- Intercept Depth: 125 m

#### Classification

- Program: exploration
- Sample Type: drill
- Group ID: STRC0132:125-129

#### QA/QC

- QP Signed: Yes

#### Compositing

- Dilution Disclosed: Yes

#### Review

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

#### Dates

- Event date: 2026-09-24T00:00:00.000Z

Reasoning: A moderate silver intercept at Freddy's Find contributes to the polymetallic potential.

- Positive factor: Moderate silver grade \(46.5 g/t\)

Evidence · table

> 46.5

Context: 4

#### 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

### STRC0132

[Link to this fact](https://atlas-staging.minestarters.com/news/svy-annual-report-june-2026--db618292-3131-43fb-bd50-6b6f9e70f830#fact-drill-facts-113)

Freddy’s Find Gold Prospect · gold

#### Identity

- Hole ID: STRC0132
- Project: Freddy’s Find Gold Prospect
- Commodity: gold
- Region: australia\_vic
- Reported Region: australia\_vic
- Ticker: SVY

#### Geometry

- Grade: 0.67
- Grade Unit: g/t
- Intercept: 45 m
- From: 113 m
- To: 158 m
- Intercept Depth: 113 m

#### Classification

- Program: exploration
- Sample Type: drill
- Group ID: STRC0132:113-158

#### QA/QC

- QP Signed: Yes

#### Metal Equivalent

- Metal Eq. Grade: 0.67
- Metal Eq. Unit: g/t AuEq
- Assumptions Disclosed: No

#### Compositing

- Dilution Disclosed: Yes

#### Review

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

#### Dates

- Event date: 2026-09-24T00:00:00.000Z

Reasoning: A broad gold equivalent intercept at Freddy's Find indicates significant mineralization potential.

- Positive factor: Broad intercept \(45m\)

- Positive factor: Moderate gold equivalent grade \(0.67 g/t AuEq\)

- Negative factor: Metal Equivalent Opaque \(assumptions not disclosed\)

Evidence · table

> 0.67

Context: 45

#### 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

**Metal Equivalent Opaque**

Polarity: negative

Definition: Metal equivalent grade reported without disclosing the price, recovery, or payability assumptions used.

Why it applies: an equivalent grade is reported without its assumptions

### STRC0132

[Link to this fact](https://atlas-staging.minestarters.com/news/svy-annual-report-june-2026--db618292-3131-43fb-bd50-6b6f9e70f830#fact-drill-facts-114)

Freddy’s Find Gold Prospect · silver

#### Identity

- Hole ID: STRC0132
- Project: Freddy’s Find Gold Prospect
- Commodity: silver
- Region: australia\_vic
- Reported Region: australia\_vic
- Ticker: SVY

#### Geometry

- Grade: 11.8
- Grade Unit: g/t
- Intercept: 45 m
- From: 113 m
- To: 158 m
- Intercept Depth: 113 m

#### Classification

- Program: exploration
- Sample Type: drill
- Group ID: STRC0132:113-158

#### QA/QC

- QP Signed: Yes

#### Compositing

- Dilution Disclosed: Yes

#### Review

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

#### Dates

- Event date: 2026-09-24T00:00:00.000Z

Reasoning: A broad silver intercept at Freddy's Find, though low grade, contributes to the polymetallic potential.

- Positive factor: Broad intercept \(45m\)

- Negative factor: Weak silver grade \(11.8 g/t\)

Evidence · table

> 11.8

Context: 45

#### 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

### STAC0115

[Link to this fact](https://atlas-staging.minestarters.com/news/svy-annual-report-june-2026--db618292-3131-43fb-bd50-6b6f9e70f830#fact-drill-facts-115)

Freddy’s Find Gold Prospect · gold

#### Identity

- Hole ID: STAC0115
- Project: Freddy’s Find Gold Prospect
- Commodity: gold
- Region: australia\_vic
- Reported Region: australia\_vic
- Ticker: SVY

#### Geometry

- Grade: 2.29
- Grade Unit: g/t
- Intercept: 4 m
- From: 96 m
- To: 100 m
- Intercept Depth: 96 m

#### Classification

- Program: exploration
- Sample Type: drill
- Group ID: STAC0115:96-100

#### QA/QC

- QP Signed: Yes

#### Metal Equivalent

- Metal Eq. Grade: 2.29
- Metal Eq. Unit: g/t AuEq
- Assumptions Disclosed: No

#### Compositing

- Dilution Disclosed: Yes

#### Review

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

#### Dates

- Event date: 2026-09-24T00:00:00.000Z

Reasoning: A strong gold equivalent intercept from earlier air-core drilling at Freddy's Find indicates significant mineralization.

- Positive factor: Strong gold equivalent grade \(2.29 g/t AuEq\)

- Negative factor: Metal Equivalent Opaque \(assumptions not disclosed\)

Evidence · table

> 2.29

Context: 4

#### 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

**Metal Equivalent Opaque**

Polarity: negative

Definition: Metal equivalent grade reported without disclosing the price, recovery, or payability assumptions used.

Why it applies: an equivalent grade is reported without its assumptions

### STAC0115

[Link to this fact](https://atlas-staging.minestarters.com/news/svy-annual-report-june-2026--db618292-3131-43fb-bd50-6b6f9e70f830#fact-drill-facts-116)

Freddy’s Find Gold Prospect · silver

#### Identity

- Hole ID: STAC0115
- Project: Freddy’s Find Gold Prospect
- Commodity: silver
- Region: australia\_vic
- Reported Region: australia\_vic
- Ticker: SVY

#### Geometry

- Grade: 6.9
- Grade Unit: g/t
- Intercept: 4 m
- From: 96 m
- To: 100 m
- Intercept Depth: 96 m

#### Classification

- Program: exploration
- Sample Type: drill
- Group ID: STAC0115:96-100

#### QA/QC

- QP Signed: Yes

#### Compositing

- Dilution Disclosed: Yes

#### Review

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

#### Dates

- Event date: 2026-09-24T00:00:00.000Z

Reasoning: A silver intercept from earlier air-core drilling at Freddy's Find, though low grade, contributes to the polymetallic potential.

- Negative factor: Weak silver grade \(6.9 g/t\)

Evidence · table

> 6.9

Context: 4

#### 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

### STAC0115

[Link to this fact](https://atlas-staging.minestarters.com/news/svy-annual-report-june-2026--db618292-3131-43fb-bd50-6b6f9e70f830#fact-drill-facts-117)

Freddy’s Find Gold Prospect · gold

#### Identity

- Hole ID: STAC0115
- Project: Freddy’s Find Gold Prospect
- Commodity: gold
- Region: australia\_vic
- Reported Region: australia\_vic
- Ticker: SVY

#### Geometry

- Grade: 4.07
- Grade Unit: g/t
- Intercept: 2 m
- From: 98 m
- To: 100 m
- Intercept Depth: 98 m

#### Classification

- Program: exploration
- Sample Type: drill
- Group ID: STAC0115:98-100

#### QA/QC

- QP Signed: Yes

#### Metal Equivalent

- Metal Eq. Grade: 4.07
- Metal Eq. Unit: g/t AuEq
- Assumptions Disclosed: No

#### Compositing

- Dilution Disclosed: Yes

#### Review

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

#### Dates

- Event date: 2026-09-24T00:00:00.000Z

Reasoning: An exceptionally high-grade gold equivalent intercept from earlier air-core drilling at Freddy's Find is a very positive result.

- Positive factor: Exceptional gold equivalent grade \(4.07 g/t AuEq\)

- Negative factor: Metal Equivalent Opaque \(assumptions not disclosed\)

Evidence · table

> 4.07

Context: 2

#### 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

**Metal Equivalent Opaque**

Polarity: negative

Definition: Metal equivalent grade reported without disclosing the price, recovery, or payability assumptions used.

Why it applies: an equivalent grade is reported without its assumptions

### STAC0115

[Link to this fact](https://atlas-staging.minestarters.com/news/svy-annual-report-june-2026--db618292-3131-43fb-bd50-6b6f9e70f830#fact-drill-facts-118)

Freddy’s Find Gold Prospect · silver

#### Identity

- Hole ID: STAC0115
- Project: Freddy’s Find Gold Prospect
- Commodity: silver
- Region: australia\_vic
- Reported Region: australia\_vic
- Ticker: SVY

#### Geometry

- Grade: 9.3
- Grade Unit: g/t
- Intercept: 2 m
- From: 98 m
- To: 100 m
- Intercept Depth: 98 m

#### Classification

- Program: exploration
- Sample Type: drill
- Group ID: STAC0115:98-100

#### QA/QC

- QP Signed: Yes

#### Compositing

- Dilution Disclosed: Yes

#### Review

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

#### Dates

- Event date: 2026-09-24T00:00:00.000Z

Reasoning: A silver intercept from earlier air-core drilling at Freddy's Find, though low grade, contributes to the polymetallic potential.

- Negative factor: Weak silver grade \(9.3 g/t\)

Evidence · table

> 9.3

Context: 2

#### 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 49

[Link to this fact](https://atlas-staging.minestarters.com/news/svy-annual-report-june-2026--db618292-3131-43fb-bd50-6b6f9e70f830#fact-drill-facts-119)

Hawkstone · copper

Historical result

Needs review: drill\_no\_hole\_id

#### Identity

- Project: Hawkstone
- Commodity: copper
- Region: australia\_wa
- Reported Region: australia\_wa
- Ticker: SVY

#### Geometry

- Grade: 0.62
- Grade Unit: %
- Intercept: 1 m
- From: 45 m
- To: 46 m
- Intercept Depth: 45 m

#### Classification

- Program: exploration
- Sample Type: drill
- Group ID: Hawkstone:45-46

#### QA/QC

- QP Signed: Yes

#### Compositing

- Dilution Disclosed: Yes

#### Review

- Needs Review: Yes
- Review Reason: drill\_no\_hole\_id
- Interp. Status: scored
- Historical: Yes

#### Dates

- Event date: 2026-09-24T00:00:00.000Z

Reasoning: A historical narrow, high-grade copper intercept at Hawkstone indicates mineralization, but is not new information.

- Positive factor: Good copper grade \(0.62%\)

- Negative factor: Narrow intercept \(1m\)

- Negative factor: Historical result

Evidence · text

> RC drilling returning 1m at 0.62% Cu, 0.03% Co and 7g/t Ag from 45m

#### 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

**Stale Data Re-release**

Polarity: negative

Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

### Fact 50

[Link to this fact](https://atlas-staging.minestarters.com/news/svy-annual-report-june-2026--db618292-3131-43fb-bd50-6b6f9e70f830#fact-drill-facts-120)

Hawkstone · cobalt

Historical result

Needs review: drill\_no\_hole\_id

#### Identity

- Project: Hawkstone
- Commodity: cobalt
- Region: australia\_wa
- Reported Region: australia\_wa
- Ticker: SVY

#### Geometry

- Grade: 0.03
- Grade Unit: %
- Intercept: 1 m
- From: 45 m
- To: 46 m
- Intercept Depth: 45 m

#### Classification

- Program: exploration
- Sample Type: drill
- Group ID: Hawkstone:45-46

#### QA/QC

- QP Signed: Yes

#### Compositing

- Dilution Disclosed: Yes

#### Review

- Needs Review: Yes
- Review Reason: drill\_no\_hole\_id
- Interp. Status: scored
- Historical: Yes

#### Dates

- Event date: 2026-09-24T00:00:00.000Z

Reasoning: A historical narrow, low-grade cobalt intercept at Hawkstone indicates mineralization, but is not new information.

- Negative factor: Narrow intercept \(1m\)

- Negative factor: Low cobalt grade \(0.03%\)

- Negative factor: Historical result

Evidence · text

> RC drilling returning 1m at 0.62% Cu, 0.03% Co and 7g/t Ag from 45m

#### 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

**Stale Data Re-release**

Polarity: negative

Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

### Fact 51

[Link to this fact](https://atlas-staging.minestarters.com/news/svy-annual-report-june-2026--db618292-3131-43fb-bd50-6b6f9e70f830#fact-drill-facts-121)

Hawkstone · silver

Historical result

Needs review: drill\_no\_hole\_id

#### Identity

- Project: Hawkstone
- Commodity: silver
- Region: australia\_wa
- Reported Region: australia\_wa
- Ticker: SVY

#### Geometry

- Grade: 7
- Grade Unit: g/t
- Intercept: 1 m
- From: 45 m
- To: 46 m
- Intercept Depth: 45 m

#### Classification

- Program: exploration
- Sample Type: drill
- Group ID: Hawkstone:45-46

#### QA/QC

- QP Signed: Yes

#### Compositing

- Dilution Disclosed: Yes

#### Review

- Needs Review: Yes
- Review Reason: drill\_no\_hole\_id
- Interp. Status: scored
- Historical: Yes

#### Dates

- Event date: 2026-09-24T00:00:00.000Z

Reasoning: A historical narrow, low-grade silver intercept at Hawkstone indicates mineralization, but is not new information.

- Negative factor: Narrow intercept \(1m\)

- Negative factor: Low silver grade \(7 g/t\)

- Negative factor: Historical result

Evidence · text

> RC drilling returning 1m at 0.62% Cu, 0.03% Co and 7g/t Ag from 45m

#### 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

**Stale Data Re-release**

Polarity: negative

Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

## Resource Estimates (71)

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/svy-annual-report-june-2026--db618292-3131-43fb-bd50-6b6f9e70f830#fact-resource-facts-0)

Stavely Copper-Gold Project · copper

#### Identity

- Project: Stavely Copper-Gold Project
- Commodity: copper
- Region: australia\_vic
- Reported Region: western Victoria
- Ticker: SVY

#### Resource scope

- Estimate type: resource
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Chris Cairns
- Resource group id: resource:379c3284d9d7d218c3a8
- Deposit or zone: Thursday's Gossan
- Ownership percent: 100 %

#### Resource Data

- Category: indicated
- Tonnes: 31000000
- Grade: 0.5
- Grade Unit: %
- Contained Metal: 160
- Contained Unit: kt
- Cutoff Grade: 0.2
- Cutoff Unit: % CuEq

#### Prior Estimate

- Resource Date: 2026-03-17
- Prior Tonnes: 21500000
- Prior Grade: 0.61
- Prior Contained Metal: 130
- Prior Cutoff Grade: 1

#### Metal Equivalent

- Metal Eq. Grade: 0.64
- Metal Eq. Unit: % CuEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-09-24T00:00:00.000Z

Reasoning: The Indicated resource for copper shows a substantial increase in tonnage and contained metal compared to the prior estimate, indicating significant growth and de-risking of the project.

- Positive factor: Significant tonnage increase \(44% vs prior\)

- Positive factor: Significant contained metal increase \(23% vs prior\)

- Positive factor: High confidence category \(Indicated\)

Evidence · table

> 0.50

Context: 31

#### Tags used in scoring

**Indicated Resource**

Polarity: positive

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

Why it applies: category is "indicated"

**Cut-off Disclosed**

Polarity: positive

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

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

**Tonnage Growth**

Polarity: positive

Definition: Significant tonnage increase \(≥15%\) vs prior estimate with grade maintained or improved.

Why it applies: 31000000 against 21500000 previously

**Grade Decline**

Polarity: negative

Definition: Average grade dropped >5% vs prior estimate — deposit economics worsening. May indicate high-grading in early drilling.

Why it applies: 0.5 against 0.61 previously

**Contained Metal Growth**

Polarity: positive

Definition: True scale improvement — contained metal ounces/tonnes increased vs prior, accounting for both tonnage and grade changes.

Why it applies: 160 against 130 previously

**Cut-off Lowered**

Polarity: negative

Definition: Cut-off grade significantly reduced vs prior estimate — tonnage growth may be artificial inflation.

Why it applies: 0.2 against 1 previously

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/svy-annual-report-june-2026--db618292-3131-43fb-bd50-6b6f9e70f830#fact-resource-facts-1)

Stavely Copper-Gold Project · gold

#### Identity

- Project: Stavely Copper-Gold Project
- Commodity: gold
- Region: australia\_vic
- Reported Region: western Victoria
- Ticker: SVY

#### Resource scope

- Estimate type: resource
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Chris Cairns
- Resource group id: resource:379c3284d9d7d218c3a8
- Deposit or zone: Thursday's Gossan
- Ownership percent: 100 %

#### Resource Data

- Category: indicated
- Tonnes: 31000000
- Grade: 0.1
- Grade Unit: g/t
- Contained Metal: 110
- Contained Unit: koz
- Cutoff Grade: 0.2
- Cutoff Unit: % CuEq

#### Prior Estimate

- Resource Date: 2026-03-17
- Prior Grade: 0.1
- Prior Contained Metal: 67

#### Metal Equivalent

- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-09-24T00:00:00.000Z

Reasoning: The Indicated gold resource shows a substantial increase in contained metal, contributing positively to the overall project value.

- Positive factor: Significant contained metal increase \(64% vs prior\)

- Positive factor: High confidence category \(Indicated\)

Evidence · table

> 0.10

Context: 31

#### Tags used in scoring

**Indicated Resource**

Polarity: positive

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

Why it applies: category is "indicated"

**Cut-off Disclosed**

Polarity: positive

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

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

**Contained Metal Growth**

Polarity: positive

Definition: True scale improvement — contained metal ounces/tonnes increased vs prior, accounting for both tonnage and grade changes.

Why it applies: 110 against 67 previously

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/svy-annual-report-june-2026--db618292-3131-43fb-bd50-6b6f9e70f830#fact-resource-facts-2)

Stavely Copper-Gold Project · silver

#### Identity

- Project: Stavely Copper-Gold Project
- Commodity: silver
- Region: australia\_vic
- Reported Region: western Victoria
- Ticker: SVY

#### Resource scope

- Estimate type: resource
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Chris Cairns
- Resource group id: resource:379c3284d9d7d218c3a8
- Deposit or zone: Thursday's Gossan
- Ownership percent: 100 %

#### Resource Data

- Category: indicated
- Tonnes: 31000000
- Grade: 3.4
- Grade Unit: g/t
- Contained Metal: 3.4
- Contained Unit: moz
- Cutoff Grade: 0.2
- Cutoff Unit: % CuEq

#### Prior Estimate

- Resource Date: 2026-03-17
- Prior Grade: 3.1
- Prior Contained Metal: 2.2

#### Metal Equivalent

- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-09-24T00:00:00.000Z

Reasoning: The Indicated silver resource shows a substantial increase in contained metal, contributing positively to the overall project value.

- Positive factor: Significant contained metal increase \(55% vs prior\)

- Positive factor: High confidence category \(Indicated\)

Evidence · table

> 3.4

Context: 31

#### Tags used in scoring

**Indicated Resource**

Polarity: positive

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

Why it applies: category is "indicated"

**Cut-off Disclosed**

Polarity: positive

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

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

**Grade Improvement**

Polarity: positive

Definition: Average resource grade improved vs prior estimate — better deposit economics.

Why it applies: 3.4 against 3.1 previously

**Contained Metal Growth**

Polarity: positive

Definition: True scale improvement — contained metal ounces/tonnes increased vs prior, accounting for both tonnage and grade changes.

Why it applies: 3.4 against 2.2 previously

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/svy-annual-report-june-2026--db618292-3131-43fb-bd50-6b6f9e70f830#fact-resource-facts-3)

Stavely Copper-Gold Project · copper

#### Identity

- Project: Stavely Copper-Gold Project
- Commodity: copper
- Region: australia\_vic
- Reported Region: western Victoria
- Ticker: SVY

#### Resource scope

- Estimate type: resource
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Chris Cairns
- Resource group id: resource:8564f10115e9b8027a8c
- Deposit or zone: Thursday's Gossan
- Ownership percent: 100 %

#### Resource Data

- Category: inferred
- Tonnes: 28000000
- Grade: 0.36
- Grade Unit: %
- Contained Metal: 100
- Contained Unit: kt
- Cutoff Grade: 0.2
- Cutoff Unit: % CuEq

#### Prior Estimate

- Resource Date: 2026-03-17
- Prior Tonnes: 6800000
- Prior Grade: 1.2
- Prior Contained Metal: 80
- Prior Cutoff Grade: 1

#### Metal Equivalent

- Metal Eq. Grade: 0.45
- Metal Eq. Unit: % CuEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-09-24T00:00:00.000Z

Reasoning: The Inferred copper resource shows a very large increase in tonnage and contained metal, but with a notable decrease in grade, suggesting inclusion of lower-grade material.

- Positive factor: Significant tonnage increase \(312% vs prior\)

- Positive factor: Contained metal increase \(25% vs prior\)

- Negative factor: Grade decline \(69% vs prior\)

Evidence · table

> 0.36

Context: 28

#### Tags used in scoring

**Inferred Resource**

Polarity: negative

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

Why it applies: category is "inferred"

**Cut-off Disclosed**

Polarity: positive

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

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

**Tonnage Growth**

Polarity: positive

Definition: Significant tonnage increase \(≥15%\) vs prior estimate with grade maintained or improved.

Why it applies: 28000000 against 6800000 previously

**Grade Decline**

Polarity: negative

Definition: Average grade dropped >5% vs prior estimate — deposit economics worsening. May indicate high-grading in early drilling.

Why it applies: 0.36 against 1.2 previously

**Contained Metal Growth**

Polarity: positive

Definition: True scale improvement — contained metal ounces/tonnes increased vs prior, accounting for both tonnage and grade changes.

Why it applies: 100 against 80 previously

**Cut-off Lowered**

Polarity: negative

Definition: Cut-off grade significantly reduced vs prior estimate — tonnage growth may be artificial inflation.

Why it applies: 0.2 against 1 previously

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/svy-annual-report-june-2026--db618292-3131-43fb-bd50-6b6f9e70f830#fact-resource-facts-4)

Stavely Copper-Gold Project · gold

#### Identity

- Project: Stavely Copper-Gold Project
- Commodity: gold
- Region: australia\_vic
- Reported Region: western Victoria
- Ticker: SVY

#### Resource scope

- Estimate type: resource
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Chris Cairns
- Resource group id: resource:8564f10115e9b8027a8c
- Deposit or zone: Thursday's Gossan
- Ownership percent: 100 %

#### Resource Data

- Category: inferred
- Tonnes: 28000000
- Grade: 0.06
- Grade Unit: g/t
- Contained Metal: 52
- Contained Unit: koz
- Cutoff Grade: 0.2
- Cutoff Unit: % CuEq

#### Prior Estimate

- Resource Date: 2026-03-17
- Prior Grade: 0.1
- Prior Contained Metal: 33

#### Metal Equivalent

- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-09-24T00:00:00.000Z

Reasoning: The Inferred gold resource shows a substantial increase in contained metal, but with a decrease in grade, indicating broader, lower-grade mineralization.

- Positive factor: Significant contained metal increase \(58% vs prior\)

- Negative factor: Grade decline \(40% vs prior\)

Evidence · table

> 0.06

Context: 28

#### Tags used in scoring

**Inferred Resource**

Polarity: negative

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

Why it applies: category is "inferred"

**Cut-off Disclosed**

Polarity: positive

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

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

**Grade Decline**

Polarity: negative

Definition: Average grade dropped >5% vs prior estimate — deposit economics worsening. May indicate high-grading in early drilling.

Why it applies: 0.06 against 0.1 previously

**Contained Metal Growth**

Polarity: positive

Definition: True scale improvement — contained metal ounces/tonnes increased vs prior, accounting for both tonnage and grade changes.

Why it applies: 52 against 33 previously

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/svy-annual-report-june-2026--db618292-3131-43fb-bd50-6b6f9e70f830#fact-resource-facts-5)

Stavely Copper-Gold Project · silver

#### Identity

- Project: Stavely Copper-Gold Project
- Commodity: silver
- Region: australia\_vic
- Reported Region: western Victoria
- Ticker: SVY

#### Resource scope

- Estimate type: resource
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Chris Cairns
- Resource group id: resource:8564f10115e9b8027a8c
- Deposit or zone: Thursday's Gossan
- Ownership percent: 100 %

#### Resource Data

- Category: inferred
- Tonnes: 28000000
- Grade: 2
- Grade Unit: g/t
- Contained Metal: 1.9
- Contained Unit: moz
- Cutoff Grade: 0.2
- Cutoff Unit: % CuEq

#### Prior Estimate

- Resource Date: 2026-03-17
- Prior Grade: 4.7
- Prior Contained Metal: 1

#### Metal Equivalent

- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-09-24T00:00:00.000Z

Reasoning: The Inferred silver resource shows a substantial increase in contained metal, but with a decrease in grade, indicating broader, lower-grade mineralization.

- Positive factor: Significant contained metal increase \(90% vs prior\)

- Negative factor: Grade decline \(57% vs prior\)

Evidence · table

> 2.0

Context: 28

#### Tags used in scoring

**Inferred Resource**

Polarity: negative

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

Why it applies: category is "inferred"

**Cut-off Disclosed**

Polarity: positive

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

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

**Grade Decline**

Polarity: negative

Definition: Average grade dropped >5% vs prior estimate — deposit economics worsening. May indicate high-grading in early drilling.

Why it applies: 2 against 4.7 previously

**Contained Metal Growth**

Polarity: positive

Definition: True scale improvement — contained metal ounces/tonnes increased vs prior, accounting for both tonnage and grade changes.

Why it applies: 1.9 against 1 previously

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/svy-annual-report-june-2026--db618292-3131-43fb-bd50-6b6f9e70f830#fact-resource-facts-6)

Ararat Project · copper

Historical result

Needs review: historical\_restatement

#### Identity

- Project: Ararat Project
- Commodity: copper
- Region: australia\_vic
- Reported Region: western Victoria
- Ticker: SVY

#### Resource scope

- Estimate type: resource
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Chris Cairns
- Resource group id: resource:241c451c4fdae208e1d0
- Deposit or zone: Carroll's prospect
- Material type: fresh
- Ownership percent: 100 %

#### Resource Data

- Category: indicated
- Tonnes: 260000
- Grade: 2
- Grade Unit: %
- Contained Metal: 5.3
- Contained Unit: kt
- Cutoff Grade: 1
- Cutoff Unit: % Cu

#### Prior Estimate

- Resource Date: 2021-09-01

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Historical: Yes
- Historical Source Date: 2022-06-14T00:00:00.000Z

#### Dates

- Event date: 2026-09-24T00:00:00.000Z

Reasoning: This is a high-grade but small historical Indicated resource for copper at Carroll's, not updated in the current report.

- Positive factor: High-grade copper \(2.0%\)

- Negative factor: Small tonnage \(0.26 Mt\)

- Negative factor: Historical estimate, not updated in 2026

Evidence · table

> 2.0

Context: 260

#### Tags used in scoring

**Indicated Resource**

Polarity: positive

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

Why it applies: category is "indicated"

**Cut-off Disclosed**

Polarity: positive

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

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

**Stale Estimate**

Polarity: negative

Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding.

Why it applies: effective date is 5.1 years before this release

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/svy-annual-report-june-2026--db618292-3131-43fb-bd50-6b6f9e70f830#fact-resource-facts-7)

Ararat Project · gold

Historical result

Needs review: historical\_restatement

#### Identity

- Project: Ararat Project
- Commodity: gold
- Region: australia\_vic
- Reported Region: western Victoria
- Ticker: SVY

#### Resource scope

- Estimate type: resource
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Chris Cairns
- Resource group id: resource:241c451c4fdae208e1d0
- Deposit or zone: Carroll's prospect
- Material type: fresh
- Ownership percent: 100 %

#### Resource Data

- Category: indicated
- Tonnes: 260000
- Grade: 0.5
- Grade Unit: g/t
- Contained Metal: 3.9
- Contained Unit: koz
- Cutoff Grade: 1
- Cutoff Unit: % Cu

#### Prior Estimate

- Resource Date: 2021-09-01

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Historical: Yes
- Historical Source Date: 2022-06-14T00:00:00.000Z

#### Dates

- Event date: 2026-09-24T00:00:00.000Z

Reasoning: This is a small historical Indicated resource for gold at Carroll's, not updated in the current report.

- Negative factor: Small contained metal \(3.9 koz\)

- Negative factor: Historical estimate, not updated in 2026

Evidence · table

> 0.5

Context: 260

#### Tags used in scoring

**Indicated Resource**

Polarity: positive

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

Why it applies: category is "indicated"

**Cut-off Disclosed**

Polarity: positive

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

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

**Stale Estimate**

Polarity: negative

Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding.

Why it applies: effective date is 5.1 years before this release

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/svy-annual-report-june-2026--db618292-3131-43fb-bd50-6b6f9e70f830#fact-resource-facts-8)

Ararat Project · zinc

Historical result

Needs review: historical\_restatement

#### Identity

- Project: Ararat Project
- Commodity: zinc
- Region: australia\_vic
- Reported Region: western Victoria
- Ticker: SVY

#### Resource scope

- Estimate type: resource
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Chris Cairns
- Resource group id: resource:241c451c4fdae208e1d0
- Deposit or zone: Carroll's prospect
- Material type: fresh
- Ownership percent: 100 %

#### Resource Data

- Category: indicated
- Tonnes: 260000
- Grade: 0.3
- Grade Unit: %
- Contained Metal: 0.8
- Contained Unit: kt
- Cutoff Grade: 1
- Cutoff Unit: % Cu

#### Prior Estimate

- Resource Date: 2021-09-01

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Historical: Yes
- Historical Source Date: 2022-06-14T00:00:00.000Z

#### Dates

- Event date: 2026-09-24T00:00:00.000Z

Reasoning: This is a small historical Indicated resource for zinc at Carroll's, not updated in the current report.

- Negative factor: Small contained metal \(0.8 kt\)

- Negative factor: Historical estimate, not updated in 2026

Evidence · table

> 0.3

Context: 260

#### Tags used in scoring

**Indicated Resource**

Polarity: positive

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

Why it applies: category is "indicated"

**Cut-off Disclosed**

Polarity: positive

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

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

**Stale Estimate**

Polarity: negative

Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding.

Why it applies: effective date is 5.1 years before this release

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/svy-annual-report-june-2026--db618292-3131-43fb-bd50-6b6f9e70f830#fact-resource-facts-9)

Ararat Project · silver

Historical result

Needs review: historical\_restatement

#### Identity

- Project: Ararat Project
- Commodity: silver
- Region: australia\_vic
- Reported Region: western Victoria
- Ticker: SVY

#### Resource scope

- Estimate type: resource
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Chris Cairns
- Resource group id: resource:241c451c4fdae208e1d0
- Deposit or zone: Carroll's prospect
- Material type: fresh
- Ownership percent: 100 %

#### Resource Data

- Category: indicated
- Tonnes: 260000
- Grade: 5.3
- Grade Unit: g/t
- Contained Metal: 44.3
- Contained Unit: koz
- Cutoff Grade: 1
- Cutoff Unit: % Cu

#### Prior Estimate

- Resource Date: 2021-09-01

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Historical: Yes
- Historical Source Date: 2022-06-14T00:00:00.000Z

#### Dates

- Event date: 2026-09-24T00:00:00.000Z

Reasoning: This is a small historical Indicated resource for silver at Carroll's, not updated in the current report.

- Negative factor: Small contained metal \(44.3 koz\)

- Negative factor: Historical estimate, not updated in 2026

Evidence · table

> 5.3

Context: 260

#### Tags used in scoring

**Indicated Resource**

Polarity: positive

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

Why it applies: category is "indicated"

**Cut-off Disclosed**

Polarity: positive

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

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

**Stale Estimate**

Polarity: negative

Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding.

Why it applies: effective date is 5.1 years before this release

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/svy-annual-report-june-2026--db618292-3131-43fb-bd50-6b6f9e70f830#fact-resource-facts-10)

Ararat Project · copper

Historical result

Needs review: historical\_restatement

#### Identity

- Project: Ararat Project
- Commodity: copper
- Region: australia\_vic
- Reported Region: western Victoria
- Ticker: SVY

#### Resource scope

- Estimate type: resource
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Chris Cairns
- Resource group id: resource:22ec7877aa1480de64dd
- Deposit or zone: Carroll's prospect
- Material type: oxide
- Ownership percent: 100 %

#### Resource Data

- Category: inferred
- Tonnes: 131000
- Grade: 2.1
- Grade Unit: %
- Contained Metal: 2.7
- Contained Unit: kt
- Cutoff Grade: 1
- Cutoff Unit: % Cu

#### Prior Estimate

- Resource Date: 2021-09-01

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Historical: Yes
- Historical Source Date: 2022-06-14T00:00:00.000Z

#### Dates

- Event date: 2026-09-24T00:00:00.000Z

Reasoning: This is a high-grade but small historical Inferred resource for copper in oxide material at Carroll's, not updated in the current report.

- Positive factor: High-grade copper \(2.1%\)

- Negative factor: Small tonnage \(0.131 Mt\)

- Negative factor: Inferred category \(lower confidence\)

- Negative factor: Historical estimate, not updated in 2026

Evidence · table

> 2.1

Context: 131

#### Tags used in scoring

**Inferred Resource**

Polarity: negative

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

Why it applies: category is "inferred"

**Cut-off Disclosed**

Polarity: positive

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

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

**Stale Estimate**

Polarity: negative

Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding.

Why it applies: effective date is 5.1 years before this release

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/svy-annual-report-june-2026--db618292-3131-43fb-bd50-6b6f9e70f830#fact-resource-facts-11)

Ararat Project · gold

Historical result

Needs review: historical\_restatement

#### Identity

- Project: Ararat Project
- Commodity: gold
- Region: australia\_vic
- Reported Region: western Victoria
- Ticker: SVY

#### Resource scope

- Estimate type: resource
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Chris Cairns
- Resource group id: resource:22ec7877aa1480de64dd
- Deposit or zone: Carroll's prospect
- Material type: oxide
- Ownership percent: 100 %

#### Resource Data

- Category: inferred
- Tonnes: 131000
- Grade: 0.3
- Grade Unit: g/t
- Contained Metal: 1.3
- Contained Unit: koz
- Cutoff Grade: 1
- Cutoff Unit: % Cu

#### Prior Estimate

- Resource Date: 2021-09-01

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Historical: Yes
- Historical Source Date: 2022-06-14T00:00:00.000Z

#### Dates

- Event date: 2026-09-24T00:00:00.000Z

Reasoning: This is a small historical Inferred resource for gold in oxide material at Carroll's, not updated in the current report.

- Negative factor: Small contained metal \(1.3 koz\)

- Negative factor: Inferred category \(lower confidence\)

- Negative factor: Historical estimate, not updated in 2026

Evidence · table

> 0.3

Context: 131

#### Tags used in scoring

**Inferred Resource**

Polarity: negative

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

Why it applies: category is "inferred"

**Cut-off Disclosed**

Polarity: positive

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

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

**Stale Estimate**

Polarity: negative

Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding.

Why it applies: effective date is 5.1 years before this release

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/svy-annual-report-june-2026--db618292-3131-43fb-bd50-6b6f9e70f830#fact-resource-facts-12)

Ararat Project · zinc

Historical result

Needs review: historical\_restatement

#### Identity

- Project: Ararat Project
- Commodity: zinc
- Region: australia\_vic
- Reported Region: western Victoria
- Ticker: SVY

#### Resource scope

- Estimate type: resource
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Chris Cairns
- Resource group id: resource:22ec7877aa1480de64dd
- Deposit or zone: Carroll's prospect
- Material type: oxide
- Ownership percent: 100 %

#### Resource Data

- Category: inferred
- Tonnes: 131000
- Grade: 0.2
- Grade Unit: %
- Contained Metal: 0.2
- Contained Unit: kt
- Cutoff Grade: 1
- Cutoff Unit: % Cu

#### Prior Estimate

- Resource Date: 2021-09-01

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Historical: Yes
- Historical Source Date: 2022-06-14T00:00:00.000Z

#### Dates

- Event date: 2026-09-24T00:00:00.000Z

Reasoning: This is a small historical Inferred resource for zinc in oxide material at Carroll's, not updated in the current report.

- Negative factor: Small contained metal \(0.2 kt\)

- Negative factor: Inferred category \(lower confidence\)

- Negative factor: Historical estimate, not updated in 2026

Evidence · table

> 0.2

Context: 131

#### Tags used in scoring

**Inferred Resource**

Polarity: negative

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

Why it applies: category is "inferred"

**Cut-off Disclosed**

Polarity: positive

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

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

**Stale Estimate**

Polarity: negative

Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding.

Why it applies: effective date is 5.1 years before this release

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/svy-annual-report-june-2026--db618292-3131-43fb-bd50-6b6f9e70f830#fact-resource-facts-13)

Ararat Project · silver

Historical result

Needs review: historical\_restatement

#### Identity

- Project: Ararat Project
- Commodity: silver
- Region: australia\_vic
- Reported Region: western Victoria
- Ticker: SVY

#### Resource scope

- Estimate type: resource
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Chris Cairns
- Resource group id: resource:22ec7877aa1480de64dd
- Deposit or zone: Carroll's prospect
- Material type: oxide
- Ownership percent: 100 %

#### Resource Data

- Category: inferred
- Tonnes: 131000
- Grade: 2.9
- Grade Unit: g/t
- Contained Metal: 12.3
- Contained Unit: koz
- Cutoff Grade: 1
- Cutoff Unit: % Cu

#### Prior Estimate

- Resource Date: 2021-09-01

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Historical: Yes
- Historical Source Date: 2022-06-14T00:00:00.000Z

#### Dates

- Event date: 2026-09-24T00:00:00.000Z

Reasoning: This is a small historical Inferred resource for silver in oxide material at Carroll's, not updated in the current report.

- Negative factor: Small contained metal \(12.3 koz\)

- Negative factor: Inferred category \(lower confidence\)

- Negative factor: Historical estimate, not updated in 2026

Evidence · table

> 2.9

Context: 131

#### Tags used in scoring

**Inferred Resource**

Polarity: negative

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

Why it applies: category is "inferred"

**Cut-off Disclosed**

Polarity: positive

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

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

**Stale Estimate**

Polarity: negative

Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding.

Why it applies: effective date is 5.1 years before this release

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/svy-annual-report-june-2026--db618292-3131-43fb-bd50-6b6f9e70f830#fact-resource-facts-14)

Ararat Project · copper

Historical result

Needs review: historical\_restatement

#### Identity

- Project: Ararat Project
- Commodity: copper
- Region: australia\_vic
- Reported Region: western Victoria
- Ticker: SVY

#### Resource scope

- Estimate type: resource
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Chris Cairns
- Resource group id: resource:48a0f2115a63ee0f247e
- Deposit or zone: Carroll's prospect
- Material type: fresh
- Ownership percent: 100 %

#### Resource Data

- Category: inferred
- Tonnes: 617000
- Grade: 2.3
- Grade Unit: %
- Contained Metal: 14.1
- Contained Unit: kt
- Cutoff Grade: 1
- Cutoff Unit: % Cu

#### Prior Estimate

- Resource Date: 2021-09-01

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Historical: Yes
- Historical Source Date: 2022-06-14T00:00:00.000Z

#### Dates

- Event date: 2026-09-24T00:00:00.000Z

Reasoning: This is a high-grade historical Inferred resource for copper in fresh material at Carroll's, not updated in the current report.

- Positive factor: High-grade copper \(2.3%\)

- Negative factor: Inferred category \(lower confidence\)

- Negative factor: Historical estimate, not updated in 2026

Evidence · table

> 2.3

Context: 617

#### Tags used in scoring

**Inferred Resource**

Polarity: negative

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

Why it applies: category is "inferred"

**Cut-off Disclosed**

Polarity: positive

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

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

**Stale Estimate**

Polarity: negative

Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding.

Why it applies: effective date is 5.1 years before this release

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/svy-annual-report-june-2026--db618292-3131-43fb-bd50-6b6f9e70f830#fact-resource-facts-15)

Ararat Project · gold

Historical result

Needs review: historical\_restatement

#### Identity

- Project: Ararat Project
- Commodity: gold
- Region: australia\_vic
- Reported Region: western Victoria
- Ticker: SVY

#### Resource scope

- Estimate type: resource
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Chris Cairns
- Resource group id: resource:48a0f2115a63ee0f247e
- Deposit or zone: Carroll's prospect
- Material type: fresh
- Ownership percent: 100 %

#### Resource Data

- Category: inferred
- Tonnes: 617000
- Grade: 0.4
- Grade Unit: g/t
- Contained Metal: 8.7
- Contained Unit: koz
- Cutoff Grade: 1
- Cutoff Unit: % Cu

#### Prior Estimate

- Resource Date: 2021-09-01

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Historical: Yes
- Historical Source Date: 2022-06-14T00:00:00.000Z

#### Dates

- Event date: 2026-09-24T00:00:00.000Z

Reasoning: This is a small historical Inferred resource for gold in fresh material at Carroll's, not updated in the current report.

- Negative factor: Small contained metal \(8.7 koz\)

- Negative factor: Inferred category \(lower confidence\)

- Negative factor: Historical estimate, not updated in 2026

Evidence · table

> 0.4

Context: 617

#### Tags used in scoring

**Inferred Resource**

Polarity: negative

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

Why it applies: category is "inferred"

**Cut-off Disclosed**

Polarity: positive

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

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

**Stale Estimate**

Polarity: negative

Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding.

Why it applies: effective date is 5.1 years before this release

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/svy-annual-report-june-2026--db618292-3131-43fb-bd50-6b6f9e70f830#fact-resource-facts-16)

Ararat Project · zinc

Historical result

Needs review: historical\_restatement

#### Identity

- Project: Ararat Project
- Commodity: zinc
- Region: australia\_vic
- Reported Region: western Victoria
- Ticker: SVY

#### Resource scope

- Estimate type: resource
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Chris Cairns
- Resource group id: resource:48a0f2115a63ee0f247e
- Deposit or zone: Carroll's prospect
- Material type: fresh
- Ownership percent: 100 %

#### Resource Data

- Category: inferred
- Tonnes: 617000
- Grade: 0.2
- Grade Unit: %
- Contained Metal: 1.4
- Contained Unit: kt
- Cutoff Grade: 1
- Cutoff Unit: % Cu

#### Prior Estimate

- Resource Date: 2021-09-01

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Historical: Yes
- Historical Source Date: 2022-06-14T00:00:00.000Z

#### Dates

- Event date: 2026-09-24T00:00:00.000Z

Reasoning: This is a small historical Inferred resource for zinc in fresh material at Carroll's, not updated in the current report.

- Negative factor: Small contained metal \(1.4 kt\)

- Negative factor: Inferred category \(lower confidence\)

- Negative factor: Historical estimate, not updated in 2026

Evidence · table

> 0.2

Context: 617

#### Tags used in scoring

**Inferred Resource**

Polarity: negative

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

Why it applies: category is "inferred"

**Cut-off Disclosed**

Polarity: positive

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

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

**Stale Estimate**

Polarity: negative

Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding.

Why it applies: effective date is 5.1 years before this release

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/svy-annual-report-june-2026--db618292-3131-43fb-bd50-6b6f9e70f830#fact-resource-facts-17)

Ararat Project · silver

Historical result

Needs review: historical\_restatement

#### Identity

- Project: Ararat Project
- Commodity: silver
- Region: australia\_vic
- Reported Region: western Victoria
- Ticker: SVY

#### Resource scope

- Estimate type: resource
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Chris Cairns
- Resource group id: resource:48a0f2115a63ee0f247e
- Deposit or zone: Carroll's prospect
- Material type: fresh
- Ownership percent: 100 %

#### Resource Data

- Category: inferred
- Tonnes: 617000
- Grade: 6.3
- Grade Unit: g/t
- Contained Metal: 124.7
- Contained Unit: koz
- Cutoff Grade: 1
- Cutoff Unit: % Cu

#### Prior Estimate

- Resource Date: 2021-09-01

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Historical: Yes
- Historical Source Date: 2022-06-14T00:00:00.000Z

#### Dates

- Event date: 2026-09-24T00:00:00.000Z

Reasoning: This is a historical Inferred resource for silver in fresh material at Carroll's, not updated in the current report.

- Negative factor: Inferred category \(lower confidence\)

- Negative factor: Historical estimate, not updated in 2026

Evidence · table

> 6.3

Context: 617

#### Tags used in scoring

**Inferred Resource**

Polarity: negative

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

Why it applies: category is "inferred"

**Cut-off Disclosed**

Polarity: positive

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

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

**Stale Estimate**

Polarity: negative

Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding.

Why it applies: effective date is 5.1 years before this release

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/svy-annual-report-june-2026--db618292-3131-43fb-bd50-6b6f9e70f830#fact-resource-facts-18)

Ararat Project · copper

Historical result

Needs review: historical\_restatement

#### Identity

- Project: Ararat Project
- Commodity: copper
- Region: australia\_vic
- Reported Region: western Victoria
- Ticker: SVY

#### Resource scope

- Estimate type: resource
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Chris Cairns
- Resource group id: resource:22ec7877aa1480de64dd
- Deposit or zone: Carroll's prospect
- Material type: oxide
- Ownership percent: 100 %

#### Resource Data

- Category: inferred
- Tonnes: 131000
- Grade: 2.1
- Grade Unit: %
- Contained Metal: 2.7
- Contained Unit: kt
- Cutoff Grade: 1
- Cutoff Unit: % Cu

#### Prior Estimate

- Resource Date: 2021-09-01

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Historical: Yes
- Historical Source Date: 2022-06-14T00:00:00.000Z

#### Dates

- Event date: 2026-09-24T00:00:00.000Z

Reasoning: This is a high-grade but small historical Inferred resource for copper in oxide material at Carroll's, not updated in the current report.

- Positive factor: High-grade copper \(2.1%\)

- Negative factor: Small tonnage \(0.131 Mt\)

- Negative factor: Inferred category \(lower confidence\)

- Negative factor: Historical estimate, not updated in 2026

Evidence · table

> 2.1

Context: 131

#### Tags used in scoring

**Inferred Resource**

Polarity: negative

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

Why it applies: category is "inferred"

**Cut-off Disclosed**

Polarity: positive

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

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

**Stale Estimate**

Polarity: negative

Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding.

Why it applies: effective date is 5.1 years before this release

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/svy-annual-report-june-2026--db618292-3131-43fb-bd50-6b6f9e70f830#fact-resource-facts-19)

Ararat Project · gold

Historical result

Needs review: historical\_restatement

#### Identity

- Project: Ararat Project
- Commodity: gold
- Region: australia\_vic
- Reported Region: western Victoria
- Ticker: SVY

#### Resource scope

- Estimate type: resource
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Chris Cairns
- Resource group id: resource:22ec7877aa1480de64dd
- Deposit or zone: Carroll's prospect
- Material type: oxide
- Ownership percent: 100 %

#### Resource Data

- Category: inferred
- Tonnes: 131000
- Grade: 0.3
- Grade Unit: g/t
- Contained Metal: 1.3
- Contained Unit: koz
- Cutoff Grade: 1
- Cutoff Unit: % Cu

#### Prior Estimate

- Resource Date: 2021-09-01

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Historical: Yes
- Historical Source Date: 2022-06-14T00:00:00.000Z

#### Dates

- Event date: 2026-09-24T00:00:00.000Z

Reasoning: This is a small historical Inferred resource for gold in oxide material at Carroll's, not updated in the current report.

- Negative factor: Small contained metal \(1.3 koz\)

- Negative factor: Inferred category \(lower confidence\)

- Negative factor: Historical estimate, not updated in 2026

Evidence · table

> 0.3

Context: 131

#### Tags used in scoring

**Inferred Resource**

Polarity: negative

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

Why it applies: category is "inferred"

**Cut-off Disclosed**

Polarity: positive

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

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

**Stale Estimate**

Polarity: negative

Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding.

Why it applies: effective date is 5.1 years before this release

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/svy-annual-report-june-2026--db618292-3131-43fb-bd50-6b6f9e70f830#fact-resource-facts-20)

Ararat Project · zinc

Historical result

Needs review: historical\_restatement

#### Identity

- Project: Ararat Project
- Commodity: zinc
- Region: australia\_vic
- Reported Region: western Victoria
- Ticker: SVY

#### Resource scope

- Estimate type: resource
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Chris Cairns
- Resource group id: resource:22ec7877aa1480de64dd
- Deposit or zone: Carroll's prospect
- Material type: oxide
- Ownership percent: 100 %

#### Resource Data

- Category: inferred
- Tonnes: 131000
- Grade: 0.2
- Grade Unit: %
- Contained Metal: 0.2
- Contained Unit: kt
- Cutoff Grade: 1
- Cutoff Unit: % Cu

#### Prior Estimate

- Resource Date: 2021-09-01

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Historical: Yes
- Historical Source Date: 2022-06-14T00:00:00.000Z

#### Dates

- Event date: 2026-09-24T00:00:00.000Z

Reasoning: This is a small historical Inferred resource for zinc in oxide material at Carroll's, not updated in the current report.

- Negative factor: Small contained metal \(0.2 kt\)

- Negative factor: Inferred category \(lower confidence\)

- Negative factor: Historical estimate, not updated in 2026

Evidence · table

> 0.2

Context: 131

#### Tags used in scoring

**Inferred Resource**

Polarity: negative

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

Why it applies: category is "inferred"

**Cut-off Disclosed**

Polarity: positive

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

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

**Stale Estimate**

Polarity: negative

Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding.

Why it applies: effective date is 5.1 years before this release

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/svy-annual-report-june-2026--db618292-3131-43fb-bd50-6b6f9e70f830#fact-resource-facts-21)

Ararat Project · silver

Historical result

Needs review: historical\_restatement

#### Identity

- Project: Ararat Project
- Commodity: silver
- Region: australia\_vic
- Reported Region: western Victoria
- Ticker: SVY

#### Resource scope

- Estimate type: resource
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Chris Cairns
- Resource group id: resource:22ec7877aa1480de64dd
- Deposit or zone: Carroll's prospect
- Material type: oxide
- Ownership percent: 100 %

#### Resource Data

- Category: inferred
- Tonnes: 131000
- Grade: 2.9
- Grade Unit: g/t
- Contained Metal: 12.3
- Contained Unit: koz
- Cutoff Grade: 1
- Cutoff Unit: % Cu

#### Prior Estimate

- Resource Date: 2021-09-01

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Historical: Yes
- Historical Source Date: 2022-06-14T00:00:00.000Z

#### Dates

- Event date: 2026-09-24T00:00:00.000Z

Reasoning: This is a small historical Inferred resource for silver in oxide material at Carroll's, not updated in the current report.

- Negative factor: Small contained metal \(12.3 koz\)

- Negative factor: Inferred category \(lower confidence\)

- Negative factor: Historical estimate, not updated in 2026

Evidence · table

> 2.9

Context: 131

#### Tags used in scoring

**Inferred Resource**

Polarity: negative

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

Why it applies: category is "inferred"

**Cut-off Disclosed**

Polarity: positive

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

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

**Stale Estimate**

Polarity: negative

Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding.

Why it applies: effective date is 5.1 years before this release

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/svy-annual-report-june-2026--db618292-3131-43fb-bd50-6b6f9e70f830#fact-resource-facts-22)

Ararat Project · copper

Historical result

Needs review: historical\_restatement

#### Identity

- Project: Ararat Project
- Commodity: copper
- Region: australia\_vic
- Reported Region: western Victoria
- Ticker: SVY

#### Resource scope

- Estimate type: resource
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Chris Cairns
- Resource group id: resource:48a0f2115a63ee0f247e
- Deposit or zone: Carroll's prospect
- Material type: fresh
- Ownership percent: 100 %

#### Resource Data

- Category: inferred
- Tonnes: 617000
- Grade: 2.3
- Grade Unit: %
- Contained Metal: 14.1
- Contained Unit: kt
- Cutoff Grade: 1
- Cutoff Unit: % Cu

#### Prior Estimate

- Resource Date: 2021-09-01

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Historical: Yes
- Historical Source Date: 2022-06-14T00:00:00.000Z

#### Dates

- Event date: 2026-09-24T00:00:00.000Z

Reasoning: This is a high-grade historical Inferred resource for copper in fresh material at Carroll's, not updated in the current report.

- Positive factor: High-grade copper \(2.3%\)

- Negative factor: Inferred category \(lower confidence\)

- Negative factor: Historical estimate, not updated in 2026

Evidence · table

> 2.3

Context: 617

#### Tags used in scoring

**Inferred Resource**

Polarity: negative

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

Why it applies: category is "inferred"

**Cut-off Disclosed**

Polarity: positive

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

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

**Stale Estimate**

Polarity: negative

Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding.

Why it applies: effective date is 5.1 years before this release

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/svy-annual-report-june-2026--db618292-3131-43fb-bd50-6b6f9e70f830#fact-resource-facts-23)

Ararat Project · gold

Historical result

Needs review: historical\_restatement

#### Identity

- Project: Ararat Project
- Commodity: gold
- Region: australia\_vic
- Reported Region: western Victoria
- Ticker: SVY

#### Resource scope

- Estimate type: resource
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Chris Cairns
- Resource group id: resource:48a0f2115a63ee0f247e
- Deposit or zone: Carroll's prospect
- Material type: fresh
- Ownership percent: 100 %

#### Resource Data

- Category: inferred
- Tonnes: 617000
- Grade: 0.4
- Grade Unit: g/t
- Contained Metal: 8.7
- Contained Unit: koz
- Cutoff Grade: 1
- Cutoff Unit: % Cu

#### Prior Estimate

- Resource Date: 2021-09-01

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Historical: Yes
- Historical Source Date: 2022-06-14T00:00:00.000Z

#### Dates

- Event date: 2026-09-24T00:00:00.000Z

Reasoning: This is a small historical Inferred resource for gold in fresh material at Carroll's, not updated in the current report.

- Negative factor: Small contained metal \(8.7 koz\)

- Negative factor: Inferred category \(lower confidence\)

- Negative factor: Historical estimate, not updated in 2026

Evidence · table

> 0.4

Context: 617

#### Tags used in scoring

**Inferred Resource**

Polarity: negative

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

Why it applies: category is "inferred"

**Cut-off Disclosed**

Polarity: positive

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

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

**Stale Estimate**

Polarity: negative

Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding.

Why it applies: effective date is 5.1 years before this release

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/svy-annual-report-june-2026--db618292-3131-43fb-bd50-6b6f9e70f830#fact-resource-facts-24)

Ararat Project · zinc

Historical result

Needs review: historical\_restatement

#### Identity

- Project: Ararat Project
- Commodity: zinc
- Region: australia\_vic
- Reported Region: western Victoria
- Ticker: SVY

#### Resource scope

- Estimate type: resource
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Chris Cairns
- Resource group id: resource:48a0f2115a63ee0f247e
- Deposit or zone: Carroll's prospect
- Material type: fresh
- Ownership percent: 100 %

#### Resource Data

- Category: inferred
- Tonnes: 617000
- Grade: 0.2
- Grade Unit: %
- Contained Metal: 1.4
- Contained Unit: kt
- Cutoff Grade: 1
- Cutoff Unit: % Cu

#### Prior Estimate

- Resource Date: 2021-09-01

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Historical: Yes
- Historical Source Date: 2022-06-14T00:00:00.000Z

#### Dates

- Event date: 2026-09-24T00:00:00.000Z

Reasoning: This is a small historical Inferred resource for zinc in fresh material at Carroll's, not updated in the current report.

- Negative factor: Small contained metal \(1.4 kt\)

- Negative factor: Inferred category \(lower confidence\)

- Negative factor: Historical estimate, not updated in 2026

Evidence · table

> 0.2

Context: 617

#### Tags used in scoring

**Inferred Resource**

Polarity: negative

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

Why it applies: category is "inferred"

**Cut-off Disclosed**

Polarity: positive

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

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

**Stale Estimate**

Polarity: negative

Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding.

Why it applies: effective date is 5.1 years before this release

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/svy-annual-report-june-2026--db618292-3131-43fb-bd50-6b6f9e70f830#fact-resource-facts-25)

Ararat Project · silver

Historical result

Needs review: historical\_restatement

#### Identity

- Project: Ararat Project
- Commodity: silver
- Region: australia\_vic
- Reported Region: western Victoria
- Ticker: SVY

#### Resource scope

- Estimate type: resource
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Chris Cairns
- Resource group id: resource:48a0f2115a63ee0f247e
- Deposit or zone: Carroll's prospect
- Material type: fresh
- Ownership percent: 100 %

#### Resource Data

- Category: inferred
- Tonnes: 617000
- Grade: 6.3
- Grade Unit: g/t
- Contained Metal: 124.7
- Contained Unit: koz
- Cutoff Grade: 1
- Cutoff Unit: % Cu

#### Prior Estimate

- Resource Date: 2021-09-01

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Historical: Yes
- Historical Source Date: 2022-06-14T00:00:00.000Z

#### Dates

- Event date: 2026-09-24T00:00:00.000Z

Reasoning: This is a historical Inferred resource for silver in fresh material at Carroll's, not updated in the current report.

- Negative factor: Inferred category \(lower confidence\)

- Negative factor: Historical estimate, not updated in 2026

Evidence · table

> 6.3

Context: 617

#### Tags used in scoring

**Inferred Resource**

Polarity: negative

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

Why it applies: category is "inferred"

**Cut-off Disclosed**

Polarity: positive

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

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

**Stale Estimate**

Polarity: negative

Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding.

Why it applies: effective date is 5.1 years before this release

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/svy-annual-report-june-2026--db618292-3131-43fb-bd50-6b6f9e70f830#fact-resource-facts-26)

Stavely Project · copper

#### Identity

- Project: Stavely Project
- Commodity: copper
- Region: australia\_vic
- Reported Region: western Victoria
- Ticker: SVY

#### Resource scope

- Estimate type: resource
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Chris Cairns
- Resource group id: resource:3ac71daf9c094b26a2df
- Deposit or zone: Thursday's Gossan
- Ownership percent: 100 %

#### Resource Data

- Category: indicated
- Tonnes: 32000000
- Grade: 0.49
- Grade Unit: %
- Contained Metal: 150
- Contained Unit: kt
- Cutoff Grade: 0.2
- Cutoff Unit: % CuEq

#### Prior Estimate

- Resource Date: 2026-03-17

#### Metal Equivalent

- Metal Eq. Grade: 0.62
- Metal Eq. Unit: % CuEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-09-24T00:00:00.000Z

Reasoning: The Indicated copper resource for Thursday's Gossan is substantial in tonnage and grade, forming a strong foundation for the project.

- Positive factor: Large tonnage \(32 Mt\)

- Positive factor: High confidence category \(Indicated\)

- Positive factor: Good copper grade \(0.49%\)

Evidence · table

> 0.49

Context: 32

#### Tags used in scoring

**Indicated Resource**

Polarity: positive

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

Why it applies: category is "indicated"

**Cut-off Disclosed**

Polarity: positive

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

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/svy-annual-report-june-2026--db618292-3131-43fb-bd50-6b6f9e70f830#fact-resource-facts-27)

Stavely Project · gold

#### Identity

- Project: Stavely Project
- Commodity: gold
- Region: australia\_vic
- Reported Region: western Victoria
- Ticker: SVY

#### Resource scope

- Estimate type: resource
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Chris Cairns
- Resource group id: resource:3ac71daf9c094b26a2df
- Deposit or zone: Thursday's Gossan
- Ownership percent: 100 %

#### Resource Data

- Category: indicated
- Tonnes: 32000000
- Grade: 0.1
- Grade Unit: g/t
- Contained Metal: 102
- Contained Unit: koz
- Cutoff Grade: 0.2
- Cutoff Unit: % CuEq

#### Prior Estimate

- Resource Date: 2026-03-17

#### Metal Equivalent

- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-09-24T00:00:00.000Z

Reasoning: The Indicated gold resource for Thursday's Gossan adds significant value to the polymetallic deposit.

- Positive factor: Significant contained gold \(102 koz\)

- Positive factor: High confidence category \(Indicated\)

Evidence · table

> 0.10

Context: 32

#### Tags used in scoring

**Indicated Resource**

Polarity: positive

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

Why it applies: category is "indicated"

**Cut-off Disclosed**

Polarity: positive

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

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/svy-annual-report-june-2026--db618292-3131-43fb-bd50-6b6f9e70f830#fact-resource-facts-28)

Stavely Project · silver

#### Identity

- Project: Stavely Project
- Commodity: silver
- Region: australia\_vic
- Reported Region: western Victoria
- Ticker: SVY

#### Resource scope

- Estimate type: resource
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Chris Cairns
- Resource group id: resource:3ac71daf9c094b26a2df
- Deposit or zone: Thursday's Gossan
- Ownership percent: 100 %

#### Resource Data

- Category: indicated
- Tonnes: 32000000
- Grade: 3.3
- Grade Unit: g/t
- Contained Metal: 3400
- Contained Unit: koz
- Cutoff Grade: 0.2
- Cutoff Unit: % CuEq

#### Prior Estimate

- Resource Date: 2026-03-17

#### Metal Equivalent

- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-09-24T00:00:00.000Z

Reasoning: The Indicated silver resource for Thursday's Gossan adds significant value to the polymetallic deposit.

- Positive factor: Significant contained silver \(3.4 Moz\)

- Positive factor: High confidence category \(Indicated\)

Evidence · table

> 3.3

Context: 32

#### Tags used in scoring

**Indicated Resource**

Polarity: positive

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

Why it applies: category is "indicated"

**Cut-off Disclosed**

Polarity: positive

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

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/svy-annual-report-june-2026--db618292-3131-43fb-bd50-6b6f9e70f830#fact-resource-facts-29)

Stavely Project · copper

#### Identity

- Project: Stavely Project
- Commodity: copper
- Region: australia\_vic
- Reported Region: western Victoria
- Ticker: SVY

#### Resource scope

- Estimate type: resource
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Chris Cairns
- Resource group id: resource:68e3b4c82f667342222a
- Deposit or zone: Thursday's Gossan
- Ownership percent: 100 %

#### Resource Data

- Category: inferred
- Tonnes: 27000000
- Grade: 0.31
- Grade Unit: %
- Contained Metal: 83
- Contained Unit: kt
- Cutoff Grade: 0.2
- Cutoff Unit: % CuEq

#### Prior Estimate

- Resource Date: 2026-03-17

#### Metal Equivalent

- Metal Eq. Grade: 0.38
- Metal Eq. Unit: % CuEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-09-24T00:00:00.000Z

Reasoning: The Inferred copper resource for Thursday's Gossan adds substantial tonnage and contained metal, indicating further potential.

- Positive factor: Large tonnage \(27 Mt\)

- Positive factor: Significant contained copper \(83 kt\)

- Negative factor: Inferred category \(lower confidence\)

Evidence · table

> 0.31

Context: 27

#### Tags used in scoring

**Inferred Resource**

Polarity: negative

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

Why it applies: category is "inferred"

**Cut-off Disclosed**

Polarity: positive

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

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/svy-annual-report-june-2026--db618292-3131-43fb-bd50-6b6f9e70f830#fact-resource-facts-30)

Stavely Project · gold

#### Identity

- Project: Stavely Project
- Commodity: gold
- Region: australia\_vic
- Reported Region: western Victoria
- Ticker: SVY

#### Resource scope

- Estimate type: resource
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Chris Cairns
- Resource group id: resource:68e3b4c82f667342222a
- Deposit or zone: Thursday's Gossan
- Ownership percent: 100 %

#### Resource Data

- Category: inferred
- Tonnes: 27000000
- Grade: 0.05
- Grade Unit: g/t
- Contained Metal: 42
- Contained Unit: koz
- Cutoff Grade: 0.2
- Cutoff Unit: % CuEq

#### Prior Estimate

- Resource Date: 2026-03-17

#### Metal Equivalent

- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-09-24T00:00:00.000Z

Reasoning: The Inferred gold resource for Thursday's Gossan adds to the overall gold endowment, albeit at a lower confidence level.

- Positive factor: Significant contained gold \(42 koz\)

- Negative factor: Inferred category \(lower confidence\)

Evidence · table

> 0.05

Context: 27

#### Tags used in scoring

**Inferred Resource**

Polarity: negative

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

Why it applies: category is "inferred"

**Cut-off Disclosed**

Polarity: positive

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

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/svy-annual-report-june-2026--db618292-3131-43fb-bd50-6b6f9e70f830#fact-resource-facts-31)

Stavely Project · silver

#### Identity

- Project: Stavely Project
- Commodity: silver
- Region: australia\_vic
- Reported Region: western Victoria
- Ticker: SVY

#### Resource scope

- Estimate type: resource
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Chris Cairns
- Resource group id: resource:68e3b4c82f667342222a
- Deposit or zone: Thursday's Gossan
- Ownership percent: 100 %

#### Resource Data

- Category: inferred
- Tonnes: 27000000
- Grade: 1.9
- Grade Unit: g/t
- Contained Metal: 1600
- Contained Unit: koz
- Cutoff Grade: 0.2
- Cutoff Unit: % CuEq

#### Prior Estimate

- Resource Date: 2026-03-17

#### Metal Equivalent

- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-09-24T00:00:00.000Z

Reasoning: The Inferred silver resource for Thursday's Gossan adds to the overall silver endowment, albeit at a lower confidence level.

- Positive factor: Significant contained silver \(1.6 Moz\)

- Negative factor: Inferred category \(lower confidence\)

Evidence · table

> 1.9

Context: 27

#### Tags used in scoring

**Inferred Resource**

Polarity: negative

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

Why it applies: category is "inferred"

**Cut-off Disclosed**

Polarity: positive

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

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/svy-annual-report-june-2026--db618292-3131-43fb-bd50-6b6f9e70f830#fact-resource-facts-32)

Stavely Project · copper

#### Identity

- Project: Stavely Project
- Commodity: copper
- Region: australia\_vic
- Reported Region: western Victoria
- Ticker: SVY

#### Resource scope

- Estimate type: resource
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Chris Cairns
- Resource group id: resource:957a4f39984934ca787c
- Deposit or zone: Thursday's Gossan
- Ownership percent: 100 %

#### Resource Data

- Category: inferred
- Tonnes: 1600000
- Grade: 1.3
- Grade Unit: %
- Contained Metal: 21
- Contained Unit: kt
- Cutoff Grade: 0.7
- Cutoff Unit: % CuEq

#### Prior Estimate

- Resource Date: 2026-03-17

#### Metal Equivalent

- Metal Eq. Grade: 1.6
- Metal Eq. Unit: % CuEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-09-24T00:00:00.000Z

Reasoning: The Inferred underground copper resource shows high grades, indicating potential for future underground development.

- Positive factor: High-grade copper \(1.3%\)

- Positive factor: Potential for underground development

- Negative factor: Inferred category \(lower confidence\)

Evidence · table

> 1.3

Context: 1.6

#### Tags used in scoring

**Inferred Resource**

Polarity: negative

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

Why it applies: category is "inferred"

**Cut-off Disclosed**

Polarity: positive

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

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/svy-annual-report-june-2026--db618292-3131-43fb-bd50-6b6f9e70f830#fact-resource-facts-33)

Stavely Project · gold

#### Identity

- Project: Stavely Project
- Commodity: gold
- Region: australia\_vic
- Reported Region: western Victoria
- Ticker: SVY

#### Resource scope

- Estimate type: resource
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Chris Cairns
- Resource group id: resource:957a4f39984934ca787c
- Deposit or zone: Thursday's Gossan
- Ownership percent: 100 %

#### Resource Data

- Category: inferred
- Tonnes: 1600000
- Grade: 0.2
- Grade Unit: g/t
- Contained Metal: 10
- Contained Unit: koz
- Cutoff Grade: 0.7
- Cutoff Unit: % CuEq

#### Prior Estimate

- Resource Date: 2026-03-17

#### Metal Equivalent

- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-09-24T00:00:00.000Z

Reasoning: The Inferred underground gold resource adds to the overall gold endowment, albeit at a lower confidence level.

- Negative factor: Small contained metal \(10 koz\)

- Negative factor: Inferred category \(lower confidence\)

Evidence · table

> 0.20

Context: 1.6

#### Tags used in scoring

**Inferred Resource**

Polarity: negative

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

Why it applies: category is "inferred"

**Cut-off Disclosed**

Polarity: positive

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

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/svy-annual-report-june-2026--db618292-3131-43fb-bd50-6b6f9e70f830#fact-resource-facts-34)

Stavely Project · silver

#### Identity

- Project: Stavely Project
- Commodity: silver
- Region: australia\_vic
- Reported Region: western Victoria
- Ticker: SVY

#### Resource scope

- Estimate type: resource
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Chris Cairns
- Resource group id: resource:957a4f39984934ca787c
- Deposit or zone: Thursday's Gossan
- Ownership percent: 100 %

#### Resource Data

- Category: inferred
- Tonnes: 1600000
- Grade: 4.6
- Grade Unit: g/t
- Contained Metal: 230
- Contained Unit: koz
- Cutoff Grade: 0.7
- Cutoff Unit: % CuEq

#### Prior Estimate

- Resource Date: 2026-03-17

#### Metal Equivalent

- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-09-24T00:00:00.000Z

Reasoning: The Inferred underground silver resource adds to the overall silver endowment, albeit at a lower confidence level.

- Negative factor: Small contained metal \(230 koz\)

- Negative factor: Inferred category \(lower confidence\)

Evidence · table

> 4.6

Context: 1.6

#### Tags used in scoring

**Inferred Resource**

Polarity: negative

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

Why it applies: category is "inferred"

**Cut-off Disclosed**

Polarity: positive

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

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/svy-annual-report-june-2026--db618292-3131-43fb-bd50-6b6f9e70f830#fact-resource-facts-35)

Stavely Project · copper

#### Identity

- Project: Stavely Project
- Commodity: copper
- Region: australia\_vic
- Reported Region: western Victoria
- Ticker: SVY

#### Resource scope

- Estimate type: resource
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Chris Cairns
- Resource group id: resource:02ddbd3a7827e14f1a65
- Deposit or zone: Cayley Lode
- Material type: Primary Mineralisation
- Ownership percent: 100 %

#### Resource Data

- Category: indicated
- Tonnes: 6100000
- Grade: 1.2
- Grade Unit: %
- Contained Metal: 74
- Contained Unit: kt
- Cutoff Grade: 0.2
- Cutoff Unit: % CuEq

#### Prior Estimate

- Resource Date: 2026-03-17

#### Metal Equivalent

- Metal Eq. Grade: 1.6
- Metal Eq. Unit: % CuEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-09-24T00:00:00.000Z

Reasoning: The Indicated copper resource for the Cayley Lode shows high grades and significant contained metal, forming a key part of the project.

- Positive factor: High-grade copper \(1.2%\)

- Positive factor: High confidence category \(Indicated\)

- Positive factor: Significant contained copper \(74 kt\)

Evidence · table

> 1.2

Context: 6.1

#### Tags used in scoring

**Indicated Resource**

Polarity: positive

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

Why it applies: category is "indicated"

**Cut-off Disclosed**

Polarity: positive

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

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/svy-annual-report-june-2026--db618292-3131-43fb-bd50-6b6f9e70f830#fact-resource-facts-36)

Stavely Project · gold

#### Identity

- Project: Stavely Project
- Commodity: gold
- Region: australia\_vic
- Reported Region: western Victoria
- Ticker: SVY

#### Resource scope

- Estimate type: resource
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Chris Cairns
- Resource group id: resource:02ddbd3a7827e14f1a65
- Deposit or zone: Cayley Lode
- Material type: Primary Mineralisation
- Ownership percent: 100 %

#### Resource Data

- Category: indicated
- Tonnes: 6100000
- Grade: 0.3
- Grade Unit: g/t
- Contained Metal: 59
- Contained Unit: koz
- Cutoff Grade: 0.2
- Cutoff Unit: % CuEq

#### Prior Estimate

- Resource Date: 2026-03-17

#### Metal Equivalent

- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-09-24T00:00:00.000Z

Reasoning: The Indicated gold resource for the Cayley Lode adds significant value to the polymetallic deposit.

- Positive factor: Significant contained gold \(59 koz\)

- Positive factor: High confidence category \(Indicated\)

Evidence · table

> 0.30

Context: 6.1

#### Tags used in scoring

**Indicated Resource**

Polarity: positive

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

Why it applies: category is "indicated"

**Cut-off Disclosed**

Polarity: positive

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

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/svy-annual-report-june-2026--db618292-3131-43fb-bd50-6b6f9e70f830#fact-resource-facts-37)

Stavely Project · silver

#### Identity

- Project: Stavely Project
- Commodity: silver
- Region: australia\_vic
- Reported Region: western Victoria
- Ticker: SVY

#### Resource scope

- Estimate type: resource
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Chris Cairns
- Resource group id: resource:02ddbd3a7827e14f1a65
- Deposit or zone: Cayley Lode
- Material type: Primary Mineralisation
- Ownership percent: 100 %

#### Resource Data

- Category: indicated
- Tonnes: 6100000
- Grade: 9.6
- Grade Unit: g/t
- Contained Metal: 1900
- Contained Unit: koz
- Cutoff Grade: 0.2
- Cutoff Unit: % CuEq

#### Prior Estimate

- Resource Date: 2026-03-17

#### Metal Equivalent

- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-09-24T00:00:00.000Z

Reasoning: The Indicated silver resource for the Cayley Lode adds significant value to the polymetallic deposit.

- Positive factor: Significant contained silver \(1.9 Moz\)

- Positive factor: High confidence category \(Indicated\)

Evidence · table

> 9.6

Context: 6.1

#### Tags used in scoring

**Indicated Resource**

Polarity: positive

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

Why it applies: category is "indicated"

**Cut-off Disclosed**

Polarity: positive

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

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/svy-annual-report-june-2026--db618292-3131-43fb-bd50-6b6f9e70f830#fact-resource-facts-38)

Stavely Project · copper

#### Identity

- Project: Stavely Project
- Commodity: copper
- Region: australia\_vic
- Reported Region: western Victoria
- Ticker: SVY

#### Resource scope

- Estimate type: resource
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Chris Cairns
- Resource group id: resource:aaeae000481038dea899
- Deposit or zone: Cayley Lode
- Material type: Primary Mineralisation
- Ownership percent: 100 %

#### Resource Data

- Category: inferred
- Tonnes: 1500000
- Grade: 1.4
- Grade Unit: %
- Contained Metal: 20
- Contained Unit: kt
- Cutoff Grade: 0.2
- Cutoff Unit: % CuEq

#### Prior Estimate

- Resource Date: 2026-03-17

#### Metal Equivalent

- Metal Eq. Grade: 1.7
- Metal Eq. Unit: % CuEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-09-24T00:00:00.000Z

Reasoning: The Inferred copper resource for the Cayley Lode shows high grades, indicating further potential.

- Positive factor: High-grade copper \(1.4%\)

- Negative factor: Inferred category \(lower confidence\)

Evidence · table

> 1.4

Context: 1.5

#### Tags used in scoring

**Inferred Resource**

Polarity: negative

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

Why it applies: category is "inferred"

**Cut-off Disclosed**

Polarity: positive

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

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/svy-annual-report-june-2026--db618292-3131-43fb-bd50-6b6f9e70f830#fact-resource-facts-39)

Stavely Project · gold

#### Identity

- Project: Stavely Project
- Commodity: gold
- Region: australia\_vic
- Reported Region: western Victoria
- Ticker: SVY

#### Resource scope

- Estimate type: resource
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Chris Cairns
- Resource group id: resource:aaeae000481038dea899
- Deposit or zone: Cayley Lode
- Material type: Primary Mineralisation
- Ownership percent: 100 %

#### Resource Data

- Category: inferred
- Tonnes: 1500000
- Grade: 0.25
- Grade Unit: g/t
- Contained Metal: 12
- Contained Unit: koz
- Cutoff Grade: 0.2
- Cutoff Unit: % CuEq

#### Prior Estimate

- Resource Date: 2026-03-17

#### Metal Equivalent

- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-09-24T00:00:00.000Z

Reasoning: The Inferred gold resource for the Cayley Lode adds to the overall gold endowment, albeit at a lower confidence level.

- Negative factor: Small contained metal \(12 koz\)

- Negative factor: Inferred category \(lower confidence\)

Evidence · table

> 0.25

Context: 1.5

#### Tags used in scoring

**Inferred Resource**

Polarity: negative

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

Why it applies: category is "inferred"

**Cut-off Disclosed**

Polarity: positive

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

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/svy-annual-report-june-2026--db618292-3131-43fb-bd50-6b6f9e70f830#fact-resource-facts-40)

Stavely Project · silver

#### Identity

- Project: Stavely Project
- Commodity: silver
- Region: australia\_vic
- Reported Region: western Victoria
- Ticker: SVY

#### Resource scope

- Estimate type: resource
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Chris Cairns
- Resource group id: resource:aaeae000481038dea899
- Deposit or zone: Cayley Lode
- Material type: Primary Mineralisation
- Ownership percent: 100 %

#### Resource Data

- Category: inferred
- Tonnes: 1500000
- Grade: 8.3
- Grade Unit: g/t
- Contained Metal: 390
- Contained Unit: koz
- Cutoff Grade: 0.2
- Cutoff Unit: % CuEq

#### Prior Estimate

- Resource Date: 2026-03-17

#### Metal Equivalent

- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-09-24T00:00:00.000Z

Reasoning: The Inferred silver resource for the Cayley Lode adds to the overall silver endowment, albeit at a lower confidence level.

- Negative factor: Inferred category \(lower confidence\)

Evidence · table

> 8.3

Context: 1.5

#### Tags used in scoring

**Inferred Resource**

Polarity: negative

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

Why it applies: category is "inferred"

**Cut-off Disclosed**

Polarity: positive

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

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/svy-annual-report-june-2026--db618292-3131-43fb-bd50-6b6f9e70f830#fact-resource-facts-41)

Stavely Project · copper

#### Identity

- Project: Stavely Project
- Commodity: copper
- Region: australia\_vic
- Reported Region: western Victoria
- Ticker: SVY

#### Resource scope

- Estimate type: resource
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Chris Cairns
- Resource group id: resource:d5cdd641526bf860e0ab
- Deposit or zone: Cayley Lode
- Material type: Primary Mineralisation
- Ownership percent: 100 %

#### Resource Data

- Category: inferred
- Tonnes: 1600000
- Grade: 1.3
- Grade Unit: %
- Contained Metal: 21
- Contained Unit: kt
- Cutoff Grade: 0.7
- Cutoff Unit: % CuEq

#### Prior Estimate

- Resource Date: 2026-03-17

#### Metal Equivalent

- Metal Eq. Grade: 1.6
- Metal Eq. Unit: % CuEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-09-24T00:00:00.000Z

Reasoning: The Inferred underground copper resource for the Cayley Lode shows high grades, indicating potential for future underground development.

- Positive factor: High-grade copper \(1.3%\)

- Positive factor: Potential for underground development

- Negative factor: Inferred category \(lower confidence\)

Evidence · table

> 1.3

Context: 1.6

#### Tags used in scoring

**Inferred Resource**

Polarity: negative

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

Why it applies: category is "inferred"

**Cut-off Disclosed**

Polarity: positive

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

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/svy-annual-report-june-2026--db618292-3131-43fb-bd50-6b6f9e70f830#fact-resource-facts-42)

Stavely Project · gold

#### Identity

- Project: Stavely Project
- Commodity: gold
- Region: australia\_vic
- Reported Region: western Victoria
- Ticker: SVY

#### Resource scope

- Estimate type: resource
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Chris Cairns
- Resource group id: resource:d5cdd641526bf860e0ab
- Deposit or zone: Cayley Lode
- Material type: Primary Mineralisation
- Ownership percent: 100 %

#### Resource Data

- Category: inferred
- Tonnes: 1600000
- Grade: 0.2
- Grade Unit: g/t
- Contained Metal: 10
- Contained Unit: koz
- Cutoff Grade: 0.7
- Cutoff Unit: % CuEq

#### Prior Estimate

- Resource Date: 2026-03-17

#### Metal Equivalent

- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-09-24T00:00:00.000Z

Reasoning: The Inferred underground gold resource for the Cayley Lode adds to the overall gold endowment, albeit at a lower confidence level.

- Negative factor: Small contained metal \(10 koz\)

- Negative factor: Inferred category \(lower confidence\)

Evidence · table

> 0.20

Context: 1.6

#### Tags used in scoring

**Inferred Resource**

Polarity: negative

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

Why it applies: category is "inferred"

**Cut-off Disclosed**

Polarity: positive

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

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/svy-annual-report-june-2026--db618292-3131-43fb-bd50-6b6f9e70f830#fact-resource-facts-43)

Stavely Project · silver

#### Identity

- Project: Stavely Project
- Commodity: silver
- Region: australia\_vic
- Reported Region: western Victoria
- Ticker: SVY

#### Resource scope

- Estimate type: resource
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Chris Cairns
- Resource group id: resource:d5cdd641526bf860e0ab
- Deposit or zone: Cayley Lode
- Material type: Primary Mineralisation
- Ownership percent: 100 %

#### Resource Data

- Category: inferred
- Tonnes: 1600000
- Grade: 4.6
- Grade Unit: g/t
- Contained Metal: 230
- Contained Unit: koz
- Cutoff Grade: 0.7
- Cutoff Unit: % CuEq

#### Prior Estimate

- Resource Date: 2026-03-17

#### Metal Equivalent

- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-09-24T00:00:00.000Z

Reasoning: The Inferred underground silver resource for the Cayley Lode adds to the overall silver endowment, albeit at a lower confidence level.

- Negative factor: Small contained metal \(230 koz\)

- Negative factor: Inferred category \(lower confidence\)

Evidence · table

> 4.6

Context: 1.6

#### Tags used in scoring

**Inferred Resource**

Polarity: negative

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

Why it applies: category is "inferred"

**Cut-off Disclosed**

Polarity: positive

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

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/svy-annual-report-june-2026--db618292-3131-43fb-bd50-6b6f9e70f830#fact-resource-facts-44)

Stavely Project · copper

#### Identity

- Project: Stavely Project
- Commodity: copper
- Region: australia\_vic
- Reported Region: western Victoria
- Ticker: SVY

#### Resource scope

- Estimate type: resource
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Chris Cairns
- Resource group id: resource:4fe2f304b381d22f5730
- Deposit or zone: Low-Grade In-Pit Domains
- Material type: Primary Low-Grade Mineralisation
- Ownership percent: 100 %

#### Resource Data

- Category: indicated
- Tonnes: 9500000
- Grade: 0.18
- Grade Unit: %
- Contained Metal: 17
- Contained Unit: kt
- Cutoff Grade: 0.2
- Cutoff Unit: % CuEq

#### Prior Estimate

- Resource Date: 2026-03-17

#### Metal Equivalent

- Metal Eq. Grade: 0.28
- Metal Eq. Unit: % CuEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-09-24T00:00:00.000Z

Reasoning: This new Indicated resource for low-grade copper adds significant tonnage to the project, expanding the overall resource base.

- Positive factor: New resource category for low-grade material

- Positive factor: Adds significant tonnage \(9.5 Mt\)

- Negative factor: Low copper grade \(0.18%\)

Evidence · table

> 0.18

Context: 9.5

#### Tags used in scoring

**Indicated Resource**

Polarity: positive

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

Why it applies: category is "indicated"

**Cut-off Disclosed**

Polarity: positive

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

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/svy-annual-report-june-2026--db618292-3131-43fb-bd50-6b6f9e70f830#fact-resource-facts-45)

Stavely Project · gold

#### Identity

- Project: Stavely Project
- Commodity: gold
- Region: australia\_vic
- Reported Region: western Victoria
- Ticker: SVY

#### Resource scope

- Estimate type: resource
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Chris Cairns
- Resource group id: resource:4fe2f304b381d22f5730
- Deposit or zone: Low-Grade In-Pit Domains
- Material type: Primary Low-Grade Mineralisation
- Ownership percent: 100 %

#### Resource Data

- Category: indicated
- Tonnes: 9500000
- Grade: 0.08
- Grade Unit: g/t
- Contained Metal: 23
- Contained Unit: koz
- Cutoff Grade: 0.2
- Cutoff Unit: % CuEq

#### Prior Estimate

- Resource Date: 2026-03-17

#### Metal Equivalent

- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-09-24T00:00:00.000Z

Reasoning: This new Indicated resource for low-grade gold adds to the overall gold endowment, expanding the resource base.

- Positive factor: New resource category for low-grade material

- Negative factor: Low gold grade \(0.08 g/t\)

Evidence · table

> 0.08

Context: 9.5

#### Tags used in scoring

**Indicated Resource**

Polarity: positive

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

Why it applies: category is "indicated"

**Cut-off Disclosed**

Polarity: positive

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

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/svy-annual-report-june-2026--db618292-3131-43fb-bd50-6b6f9e70f830#fact-resource-facts-46)

Stavely Project · silver

#### Identity

- Project: Stavely Project
- Commodity: silver
- Region: australia\_vic
- Reported Region: western Victoria
- Ticker: SVY

#### Resource scope

- Estimate type: resource
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Chris Cairns
- Resource group id: resource:4fe2f304b381d22f5730
- Deposit or zone: Low-Grade In-Pit Domains
- Material type: Primary Low-Grade Mineralisation
- Ownership percent: 100 %

#### Resource Data

- Category: indicated
- Tonnes: 9500000
- Grade: 2.1
- Grade Unit: g/t
- Contained Metal: 650
- Contained Unit: koz
- Cutoff Grade: 0.2
- Cutoff Unit: % CuEq

#### Prior Estimate

- Resource Date: 2026-03-17

#### Metal Equivalent

- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-09-24T00:00:00.000Z

Reasoning: This new Indicated resource for low-grade silver adds to the overall silver endowment, expanding the resource base.

- Positive factor: New resource category for low-grade material

- Negative factor: Low silver grade \(2.1 g/t\)

Evidence · table

> 2.1

Context: 9.5

#### Tags used in scoring

**Indicated Resource**

Polarity: positive

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

Why it applies: category is "indicated"

**Cut-off Disclosed**

Polarity: positive

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

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/svy-annual-report-june-2026--db618292-3131-43fb-bd50-6b6f9e70f830#fact-resource-facts-47)

Stavely Project · copper

#### Identity

- Project: Stavely Project
- Commodity: copper
- Region: australia\_vic
- Reported Region: western Victoria
- Ticker: SVY

#### Resource scope

- Estimate type: resource
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Chris Cairns
- Resource group id: resource:4609a167914cbc8b8aa4
- Deposit or zone: Low-Grade In-Pit Domains
- Material type: Primary Low-Grade Mineralisation
- Ownership percent: 100 %

#### Resource Data

- Category: inferred
- Tonnes: 18300000
- Grade: 0.21
- Grade Unit: %
- Contained Metal: 39
- Contained Unit: kt
- Cutoff Grade: 0.2
- Cutoff Unit: % CuEq

#### Prior Estimate

- Resource Date: 2026-03-17

#### Metal Equivalent

- Metal Eq. Grade: 0.27
- Metal Eq. Unit: % CuEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-09-24T00:00:00.000Z

Reasoning: This new Inferred resource for low-grade copper adds substantial tonnage to the project, expanding the overall resource base.

- Positive factor: New resource category for low-grade material

- Positive factor: Adds significant tonnage \(18.3 Mt\)

- Negative factor: Low copper grade \(0.21%\)

- Negative factor: Inferred category \(lower confidence\)

Evidence · table

> 0.21

Context: 18.3

#### Tags used in scoring

**Inferred Resource**

Polarity: negative

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

Why it applies: category is "inferred"

**Cut-off Disclosed**

Polarity: positive

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

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/svy-annual-report-june-2026--db618292-3131-43fb-bd50-6b6f9e70f830#fact-resource-facts-48)

Stavely Project · gold

#### Identity

- Project: Stavely Project
- Commodity: gold
- Region: australia\_vic
- Reported Region: western Victoria
- Ticker: SVY

#### Resource scope

- Estimate type: resource
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Chris Cairns
- Resource group id: resource:4609a167914cbc8b8aa4
- Deposit or zone: Low-Grade In-Pit Domains
- Material type: Primary Low-Grade Mineralisation
- Ownership percent: 100 %

#### Resource Data

- Category: inferred
- Tonnes: 18300000
- Grade: 0.04
- Grade Unit: g/t
- Contained Metal: 26
- Contained Unit: koz
- Cutoff Grade: 0.2
- Cutoff Unit: % CuEq

#### Prior Estimate

- Resource Date: 2026-03-17

#### Metal Equivalent

- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-09-24T00:00:00.000Z

Reasoning: This new Inferred resource for low-grade gold adds to the overall gold endowment, expanding the resource base.

- Positive factor: New resource category for low-grade material

- Negative factor: Low gold grade \(0.04 g/t\)

- Negative factor: Inferred category \(lower confidence\)

Evidence · table

> 0.04

Context: 18.3

#### Tags used in scoring

**Inferred Resource**

Polarity: negative

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

Why it applies: category is "inferred"

**Cut-off Disclosed**

Polarity: positive

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

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/svy-annual-report-june-2026--db618292-3131-43fb-bd50-6b6f9e70f830#fact-resource-facts-49)

Stavely Project · silver

#### Identity

- Project: Stavely Project
- Commodity: silver
- Region: australia\_vic
- Reported Region: western Victoria
- Ticker: SVY

#### Resource scope

- Estimate type: resource
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Chris Cairns
- Resource group id: resource:4609a167914cbc8b8aa4
- Deposit or zone: Low-Grade In-Pit Domains
- Material type: Primary Low-Grade Mineralisation
- Ownership percent: 100 %

#### Resource Data

- Category: inferred
- Tonnes: 18300000
- Grade: 1.6
- Grade Unit: g/t
- Contained Metal: 950
- Contained Unit: koz
- Cutoff Grade: 0.2
- Cutoff Unit: % CuEq

#### Prior Estimate

- Resource Date: 2026-03-17

#### Metal Equivalent

- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-09-24T00:00:00.000Z

Reasoning: This new Inferred resource for low-grade silver adds to the overall silver endowment, expanding the resource base.

- Positive factor: New resource category for low-grade material

- Negative factor: Low silver grade \(1.6 g/t\)

- Negative factor: Inferred category \(lower confidence\)

Evidence · table

> 1.6

Context: 18.3

#### Tags used in scoring

**Inferred Resource**

Polarity: negative

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

Why it applies: category is "inferred"

**Cut-off Disclosed**

Polarity: positive

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

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/svy-annual-report-june-2026--db618292-3131-43fb-bd50-6b6f9e70f830#fact-resource-facts-50)

Stavely Project · copper

#### Identity

- Project: Stavely Project
- Commodity: copper
- Region: australia\_vic
- Reported Region: western Victoria
- Ticker: SVY

#### Resource scope

- Estimate type: resource
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Chris Cairns
- Resource group id: resource:ee15dbcec30987a5fb7f
- Deposit or zone: Chalcocite Blanket
- Ownership percent: 100 %

#### Resource Data

- Category: indicated
- Tonnes: 16000000
- Grade: 0.4
- Grade Unit: %
- Contained Metal: 63
- Contained Unit: kt
- Cutoff Grade: 0.2
- Cutoff Unit: % CuEq

#### Prior Estimate

- Resource Date: 2026-03-17

#### Metal Equivalent

- Metal Eq. Grade: 0.44
- Metal Eq. Unit: % CuEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-09-24T00:00:00.000Z

Reasoning: The Indicated copper resource for the Chalcocite Blanket adds significant tonnage and contained metal to the project.

- Positive factor: Significant tonnage \(16 Mt\)

- Positive factor: High confidence category \(Indicated\)

- Positive factor: Good copper grade \(0.40%\)

Evidence · table

> 0.40

Context: 16

#### Tags used in scoring

**Indicated Resource**

Polarity: positive

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

Why it applies: category is "indicated"

**Cut-off Disclosed**

Polarity: positive

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

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/svy-annual-report-june-2026--db618292-3131-43fb-bd50-6b6f9e70f830#fact-resource-facts-51)

Stavely Project · gold

#### Identity

- Project: Stavely Project
- Commodity: gold
- Region: australia\_vic
- Reported Region: western Victoria
- Ticker: SVY

#### Resource scope

- Estimate type: resource
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Chris Cairns
- Resource group id: resource:ee15dbcec30987a5fb7f
- Deposit or zone: Chalcocite Blanket
- Ownership percent: 100 %

#### Resource Data

- Category: indicated
- Tonnes: 16000000
- Grade: 0.04
- Grade Unit: g/t
- Contained Metal: 20
- Contained Unit: koz
- Cutoff Grade: 0.2
- Cutoff Unit: % CuEq

#### Prior Estimate

- Resource Date: 2026-03-17

#### Metal Equivalent

- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-09-24T00:00:00.000Z

Reasoning: The Indicated gold resource for the Chalcocite Blanket is low grade, but contributes to the overall gold endowment.

- Negative factor: Low gold grade \(0.04 g/t\)

Evidence · table

> 0.04

Context: 16

#### Tags used in scoring

**Indicated Resource**

Polarity: positive

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

Why it applies: category is "indicated"

**Cut-off Disclosed**

Polarity: positive

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

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/svy-annual-report-june-2026--db618292-3131-43fb-bd50-6b6f9e70f830#fact-resource-facts-52)

Stavely Project · silver

#### Identity

- Project: Stavely Project
- Commodity: silver
- Region: australia\_vic
- Reported Region: western Victoria
- Ticker: SVY

#### Resource scope

- Estimate type: resource
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Chris Cairns
- Resource group id: resource:ee15dbcec30987a5fb7f
- Deposit or zone: Chalcocite Blanket
- Ownership percent: 100 %

#### Resource Data

- Category: indicated
- Tonnes: 16000000
- Grade: 1.7
- Grade Unit: g/t
- Contained Metal: 830
- Contained Unit: koz
- Cutoff Grade: 0.2
- Cutoff Unit: % CuEq

#### Prior Estimate

- Resource Date: 2026-03-17

#### Metal Equivalent

- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-09-24T00:00:00.000Z

Reasoning: The Indicated silver resource for the Chalcocite Blanket is low grade, but contributes to the overall silver endowment.

- Negative factor: Low silver grade \(1.7 g/t\)

Evidence · table

> 1.7

Context: 16

#### Tags used in scoring

**Indicated Resource**

Polarity: positive

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

Why it applies: category is "indicated"

**Cut-off Disclosed**

Polarity: positive

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

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/svy-annual-report-june-2026--db618292-3131-43fb-bd50-6b6f9e70f830#fact-resource-facts-53)

Stavely Project · copper

#### Identity

- Project: Stavely Project
- Commodity: copper
- Region: australia\_vic
- Reported Region: western Victoria
- Ticker: SVY

#### Resource scope

- Estimate type: resource
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Chris Cairns
- Resource group id: resource:6b02b2bca32d63305238
- Deposit or zone: Chalcocite Blanket
- Ownership percent: 100 %

#### Resource Data

- Category: inferred
- Tonnes: 6800000
- Grade: 0.36
- Grade Unit: %
- Contained Metal: 25
- Contained Unit: kt
- Cutoff Grade: 0.2
- Cutoff Unit: % CuEq

#### Prior Estimate

- Resource Date: 2026-03-17

#### Metal Equivalent

- Metal Eq. Grade: 0.39
- Metal Eq. Unit: % CuEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-09-24T00:00:00.000Z

Reasoning: The Inferred copper resource for the Chalcocite Blanket adds significant tonnage and contained metal to the project.

- Positive factor: Significant tonnage \(6.8 Mt\)

- Positive factor: Good copper grade \(0.36%\)

- Negative factor: Inferred category \(lower confidence\)

Evidence · table

> 0.36

Context: 6.8

#### Tags used in scoring

**Inferred Resource**

Polarity: negative

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

Why it applies: category is "inferred"

**Cut-off Disclosed**

Polarity: positive

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

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/svy-annual-report-june-2026--db618292-3131-43fb-bd50-6b6f9e70f830#fact-resource-facts-54)

Stavely Project · gold

#### Identity

- Project: Stavely Project
- Commodity: gold
- Region: australia\_vic
- Reported Region: western Victoria
- Ticker: SVY

#### Resource scope

- Estimate type: resource
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Chris Cairns
- Resource group id: resource:6b02b2bca32d63305238
- Deposit or zone: Chalcocite Blanket
- Ownership percent: 100 %

#### Resource Data

- Category: inferred
- Tonnes: 6800000
- Grade: 0.02
- Grade Unit: g/t
- Contained Metal: 4.7
- Contained Unit: koz
- Cutoff Grade: 0.2
- Cutoff Unit: % CuEq

#### Prior Estimate

- Resource Date: 2026-03-17

#### Metal Equivalent

- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-09-24T00:00:00.000Z

Reasoning: The Inferred gold resource for the Chalcocite Blanket is low grade, but contributes to the overall gold endowment.

- Negative factor: Low gold grade \(0.02 g/t\)

- Negative factor: Inferred category \(lower confidence\)

Evidence · table

> 0.02

Context: 6.8

#### Tags used in scoring

**Inferred Resource**

Polarity: negative

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

Why it applies: category is "inferred"

**Cut-off Disclosed**

Polarity: positive

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

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/svy-annual-report-june-2026--db618292-3131-43fb-bd50-6b6f9e70f830#fact-resource-facts-55)

Stavely Project · silver

#### Identity

- Project: Stavely Project
- Commodity: silver
- Region: australia\_vic
- Reported Region: western Victoria
- Ticker: SVY

#### Resource scope

- Estimate type: resource
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Chris Cairns
- Resource group id: resource:6b02b2bca32d63305238
- Deposit or zone: Chalcocite Blanket
- Ownership percent: 100 %

#### Resource Data

- Category: inferred
- Tonnes: 6800000
- Grade: 1.4
- Grade Unit: g/t
- Contained Metal: 300
- Contained Unit: koz
- Cutoff Grade: 0.2
- Cutoff Unit: % CuEq

#### Prior Estimate

- Resource Date: 2026-03-17

#### Metal Equivalent

- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-09-24T00:00:00.000Z

Reasoning: The Inferred silver resource for the Chalcocite Blanket is low grade, but contributes to the overall silver endowment.

- Negative factor: Low silver grade \(1.4 g/t\)

- Negative factor: Inferred category \(lower confidence\)

Evidence · table

> 1.4

Context: 6.8

#### Tags used in scoring

**Inferred Resource**

Polarity: negative

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

Why it applies: category is "inferred"

**Cut-off Disclosed**

Polarity: positive

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

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/svy-annual-report-june-2026--db618292-3131-43fb-bd50-6b6f9e70f830#fact-resource-facts-56)

Thursday's Gossan · copper

#### Identity

- Project: Thursday's Gossan
- Commodity: copper
- Region: australia\_vic
- Reported Region: western Victoria
- Ticker: SVY

#### Resource scope

- Estimate type: resource
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Chris Cairns
- Resource group id: resource:dceb466591c6012bde0c
- Deposit or zone: Primary mineralisation in open pit
- Ownership percent: 100 %

#### Resource Data

- Category: indicated
- Tonnes: 16000000
- Grade: 0.59
- Grade Unit: %
- Contained Metal: 91
- Contained Unit: kt
- Cutoff Grade: 0.2
- Cutoff Unit: % CuEq

#### Prior Estimate

- Resource Date: 2026-02-01

#### Metal Equivalent

- Metal Eq. Grade: 0.79
- Metal Eq. Unit: % CuEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-09-24T00:00:00.000Z

Reasoning: The Indicated copper resource for primary mineralization in the open pit at Thursday's Gossan is substantial and high-grade.

- Positive factor: High confidence category \(Indicated\)

- Positive factor: Good copper grade \(0.59%\)

- Positive factor: Significant contained copper \(91 kt\)

Evidence · table

> 0.59

Context: 16

#### Tags used in scoring

**Indicated Resource**

Polarity: positive

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

Why it applies: category is "indicated"

**Cut-off Disclosed**

Polarity: positive

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

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/svy-annual-report-june-2026--db618292-3131-43fb-bd50-6b6f9e70f830#fact-resource-facts-57)

Thursday's Gossan · gold

#### Identity

- Project: Thursday's Gossan
- Commodity: gold
- Region: australia\_vic
- Reported Region: western Victoria
- Ticker: SVY

#### Resource scope

- Estimate type: resource
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Chris Cairns
- Resource group id: resource:dceb466591c6012bde0c
- Deposit or zone: Primary mineralisation in open pit
- Ownership percent: 100 %

#### Resource Data

- Category: indicated
- Tonnes: 16000000
- Grade: 0.16
- Grade Unit: g/t
- Contained Metal: 82
- Contained Unit: koz
- Cutoff Grade: 0.2
- Cutoff Unit: % CuEq

#### Prior Estimate

- Resource Date: 2026-02-01

#### Metal Equivalent

- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-09-24T00:00:00.000Z

Reasoning: The Indicated gold resource for primary mineralization in the open pit at Thursday's Gossan adds significant value.

- Positive factor: Significant contained gold \(82 koz\)

- Positive factor: High confidence category \(Indicated\)

Evidence · table

> 0.16

Context: 16

#### Tags used in scoring

**Indicated Resource**

Polarity: positive

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

Why it applies: category is "indicated"

**Cut-off Disclosed**

Polarity: positive

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

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/svy-annual-report-june-2026--db618292-3131-43fb-bd50-6b6f9e70f830#fact-resource-facts-58)

Thursday's Gossan · silver

#### Identity

- Project: Thursday's Gossan
- Commodity: silver
- Region: australia\_vic
- Reported Region: western Victoria
- Ticker: SVY

#### Resource scope

- Estimate type: resource
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Chris Cairns
- Resource group id: resource:dceb466591c6012bde0c
- Deposit or zone: Primary mineralisation in open pit
- Ownership percent: 100 %

#### Resource Data

- Category: indicated
- Tonnes: 16000000
- Grade: 5.1
- Grade Unit: g/t
- Contained Metal: 2500
- Contained Unit: koz
- Cutoff Grade: 0.2
- Cutoff Unit: % CuEq

#### Prior Estimate

- Resource Date: 2026-02-01

#### Metal Equivalent

- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-09-24T00:00:00.000Z

Reasoning: The Indicated silver resource for primary mineralization in the open pit at Thursday's Gossan adds significant value.

- Positive factor: Significant contained silver \(2.5 Moz\)

- Positive factor: High confidence category \(Indicated\)

Evidence · table

> 5.1

Context: 16

#### Tags used in scoring

**Indicated Resource**

Polarity: positive

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

Why it applies: category is "indicated"

**Cut-off Disclosed**

Polarity: positive

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

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/svy-annual-report-june-2026--db618292-3131-43fb-bd50-6b6f9e70f830#fact-resource-facts-59)

Thursday's Gossan · copper

#### Identity

- Project: Thursday's Gossan
- Commodity: copper
- Region: australia\_vic
- Reported Region: western Victoria
- Ticker: SVY

#### Resource scope

- Estimate type: resource
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Chris Cairns
- Resource group id: resource:155e5aac81f30d819dab
- Deposit or zone: Primary mineralisation in open pit
- Ownership percent: 100 %

#### Resource Data

- Category: inferred
- Tonnes: 20000000
- Grade: 0.3
- Grade Unit: %
- Contained Metal: 58
- Contained Unit: kt
- Cutoff Grade: 0.2
- Cutoff Unit: % CuEq

#### Prior Estimate

- Resource Date: 2026-02-01

#### Metal Equivalent

- Metal Eq. Grade: 0.37
- Metal Eq. Unit: % CuEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-09-24T00:00:00.000Z

Reasoning: The Inferred copper resource for primary mineralization in the open pit at Thursday's Gossan adds substantial tonnage and contained metal.

- Positive factor: Large tonnage \(20 Mt\)

- Positive factor: Significant contained copper \(58 kt\)

- Negative factor: Inferred category \(lower confidence\)

Evidence · table

> 0.30

Context: 20

#### Tags used in scoring

**Inferred Resource**

Polarity: negative

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

Why it applies: category is "inferred"

**Cut-off Disclosed**

Polarity: positive

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

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/svy-annual-report-june-2026--db618292-3131-43fb-bd50-6b6f9e70f830#fact-resource-facts-60)

Thursday's Gossan · gold

#### Identity

- Project: Thursday's Gossan
- Commodity: gold
- Region: australia\_vic
- Reported Region: western Victoria
- Ticker: SVY

#### Resource scope

- Estimate type: resource
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Chris Cairns
- Resource group id: resource:155e5aac81f30d819dab
- Deposit or zone: Primary mineralisation in open pit
- Ownership percent: 100 %

#### Resource Data

- Category: inferred
- Tonnes: 20000000
- Grade: 0.059
- Grade Unit: g/t
- Contained Metal: 37
- Contained Unit: koz
- Cutoff Grade: 0.2
- Cutoff Unit: % CuEq

#### Prior Estimate

- Resource Date: 2026-02-01

#### Metal Equivalent

- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-09-24T00:00:00.000Z

Reasoning: The Inferred gold resource for primary mineralization in the open pit at Thursday's Gossan adds to the overall gold endowment.

- Positive factor: Significant contained gold \(37 koz\)

- Negative factor: Inferred category \(lower confidence\)

Evidence · table

> 0.059

Context: 20

#### Tags used in scoring

**Inferred Resource**

Polarity: negative

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

Why it applies: category is "inferred"

**Cut-off Disclosed**

Polarity: positive

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

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/svy-annual-report-june-2026--db618292-3131-43fb-bd50-6b6f9e70f830#fact-resource-facts-61)

Thursday's Gossan · silver

#### Identity

- Project: Thursday's Gossan
- Commodity: silver
- Region: australia\_vic
- Reported Region: western Victoria
- Ticker: SVY

#### Resource scope

- Estimate type: resource
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Chris Cairns
- Resource group id: resource:155e5aac81f30d819dab
- Deposit or zone: Primary mineralisation in open pit
- Ownership percent: 100 %

#### Resource Data

- Category: inferred
- Tonnes: 20000000
- Grade: 2.1
- Grade Unit: g/t
- Contained Metal: 1300
- Contained Unit: koz
- Cutoff Grade: 0.2
- Cutoff Unit: % CuEq

#### Prior Estimate

- Resource Date: 2026-02-01

#### Metal Equivalent

- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-09-24T00:00:00.000Z

Reasoning: The Inferred silver resource for primary mineralization in the open pit at Thursday's Gossan adds to the overall silver endowment.

- Positive factor: Significant contained silver \(1.3 Moz\)

- Negative factor: Inferred category \(lower confidence\)

Evidence · table

> 2.1

Context: 20

#### Tags used in scoring

**Inferred Resource**

Polarity: negative

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

Why it applies: category is "inferred"

**Cut-off Disclosed**

Polarity: positive

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

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/svy-annual-report-june-2026--db618292-3131-43fb-bd50-6b6f9e70f830#fact-resource-facts-62)

Thursday's Gossan · copper

#### Identity

- Project: Thursday's Gossan
- Commodity: copper
- Region: australia\_vic
- Reported Region: western Victoria
- Ticker: SVY

#### Resource scope

- Estimate type: resource
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Chris Cairns
- Resource group id: resource:241fe8f55cbe48079d27
- Deposit or zone: Secondary mineralisation in open pit
- Ownership percent: 100 %

#### Resource Data

- Category: indicated
- Tonnes: 16000000
- Grade: 0.4
- Grade Unit: %
- Contained Metal: 62
- Contained Unit: kt
- Cutoff Grade: 0.2
- Cutoff Unit: % CuEq

#### Prior Estimate

- Resource Date: 2026-02-01

#### Metal Equivalent

- Metal Eq. Grade: 0.44
- Metal Eq. Unit: % CuEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-09-24T00:00:00.000Z

Reasoning: The Indicated copper resource for secondary mineralization in the open pit at Thursday's Gossan is substantial and high-grade.

- Positive factor: High confidence category \(Indicated\)

- Positive factor: Good copper grade \(0.40%\)

- Positive factor: Significant contained copper \(62 kt\)

Evidence · table

> 0.40

Context: 16

#### Tags used in scoring

**Indicated Resource**

Polarity: positive

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

Why it applies: category is "indicated"

**Cut-off Disclosed**

Polarity: positive

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

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/svy-annual-report-june-2026--db618292-3131-43fb-bd50-6b6f9e70f830#fact-resource-facts-63)

Thursday's Gossan · gold

#### Identity

- Project: Thursday's Gossan
- Commodity: gold
- Region: australia\_vic
- Reported Region: western Victoria
- Ticker: SVY

#### Resource scope

- Estimate type: resource
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Chris Cairns
- Resource group id: resource:241fe8f55cbe48079d27
- Deposit or zone: Secondary mineralisation in open pit
- Ownership percent: 100 %

#### Resource Data

- Category: indicated
- Tonnes: 16000000
- Grade: 0.04
- Grade Unit: g/t
- Contained Metal: 20
- Contained Unit: koz
- Cutoff Grade: 0.2
- Cutoff Unit: % CuEq

#### Prior Estimate

- Resource Date: 2026-02-01

#### Metal Equivalent

- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-09-24T00:00:00.000Z

Reasoning: The Indicated gold resource for secondary mineralization in the open pit at Thursday's Gossan is low grade, but contributes to the overall gold endowment.

- Negative factor: Low gold grade \(0.04 g/t\)

Evidence · table

> 0.040

Context: 16

#### Tags used in scoring

**Indicated Resource**

Polarity: positive

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

Why it applies: category is "indicated"

**Cut-off Disclosed**

Polarity: positive

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

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/svy-annual-report-june-2026--db618292-3131-43fb-bd50-6b6f9e70f830#fact-resource-facts-64)

Thursday's Gossan · silver

#### Identity

- Project: Thursday's Gossan
- Commodity: silver
- Region: australia\_vic
- Reported Region: western Victoria
- Ticker: SVY

#### Resource scope

- Estimate type: resource
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Chris Cairns
- Resource group id: resource:241fe8f55cbe48079d27
- Deposit or zone: Secondary mineralisation in open pit
- Ownership percent: 100 %

#### Resource Data

- Category: indicated
- Tonnes: 16000000
- Grade: 1.6
- Grade Unit: g/t
- Contained Metal: 830
- Contained Unit: koz
- Cutoff Grade: 0.2
- Cutoff Unit: % CuEq

#### Prior Estimate

- Resource Date: 2026-02-01

#### Metal Equivalent

- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-09-24T00:00:00.000Z

Reasoning: The Indicated silver resource for secondary mineralization in the open pit at Thursday's Gossan is low grade, but contributes to the overall silver endowment.

- Negative factor: Low silver grade \(1.6 g/t\)

Evidence · table

> 1.6

Context: 16

#### Tags used in scoring

**Indicated Resource**

Polarity: positive

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

Why it applies: category is "indicated"

**Cut-off Disclosed**

Polarity: positive

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

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/svy-annual-report-june-2026--db618292-3131-43fb-bd50-6b6f9e70f830#fact-resource-facts-65)

Thursday's Gossan · copper

#### Identity

- Project: Thursday's Gossan
- Commodity: copper
- Region: australia\_vic
- Reported Region: western Victoria
- Ticker: SVY

#### Resource scope

- Estimate type: resource
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Chris Cairns
- Resource group id: resource:8de9c53a526a20906882
- Deposit or zone: Secondary mineralisation in open pit
- Ownership percent: 100 %

#### Resource Data

- Category: inferred
- Tonnes: 6800000
- Grade: 0.36
- Grade Unit: %
- Contained Metal: 25
- Contained Unit: kt
- Cutoff Grade: 0.2
- Cutoff Unit: % CuEq

#### Prior Estimate

- Resource Date: 2026-02-01

#### Metal Equivalent

- Metal Eq. Grade: 0.39
- Metal Eq. Unit: % CuEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-09-24T00:00:00.000Z

Reasoning: The Inferred copper resource for secondary mineralization in the open pit at Thursday's Gossan adds significant tonnage and contained metal.

- Positive factor: Significant tonnage \(6.8 Mt\)

- Positive factor: Good copper grade \(0.36%\)

- Negative factor: Inferred category \(lower confidence\)

Evidence · table

> 0.36

Context: 6.8

#### Tags used in scoring

**Inferred Resource**

Polarity: negative

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

Why it applies: category is "inferred"

**Cut-off Disclosed**

Polarity: positive

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

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/svy-annual-report-june-2026--db618292-3131-43fb-bd50-6b6f9e70f830#fact-resource-facts-66)

Thursday's Gossan · gold

#### Identity

- Project: Thursday's Gossan
- Commodity: gold
- Region: australia\_vic
- Reported Region: western Victoria
- Ticker: SVY

#### Resource scope

- Estimate type: resource
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Chris Cairns
- Resource group id: resource:8de9c53a526a20906882
- Deposit or zone: Secondary mineralisation in open pit
- Ownership percent: 100 %

#### Resource Data

- Category: inferred
- Tonnes: 6800000
- Grade: 0.022
- Grade Unit: g/t
- Contained Metal: 4.7
- Contained Unit: koz
- Cutoff Grade: 0.2
- Cutoff Unit: % CuEq

#### Prior Estimate

- Resource Date: 2026-02-01

#### Metal Equivalent

- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-09-24T00:00:00.000Z

Reasoning: The Inferred gold resource for secondary mineralization in the open pit at Thursday's Gossan is low grade, but contributes to the overall gold endowment.

- Negative factor: Low gold grade \(0.022 g/t\)

- Negative factor: Inferred category \(lower confidence\)

Evidence · table

> 0.022

Context: 6.8

#### Tags used in scoring

**Inferred Resource**

Polarity: negative

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

Why it applies: category is "inferred"

**Cut-off Disclosed**

Polarity: positive

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

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/svy-annual-report-june-2026--db618292-3131-43fb-bd50-6b6f9e70f830#fact-resource-facts-67)

Thursday's Gossan · silver

#### Identity

- Project: Thursday's Gossan
- Commodity: silver
- Region: australia\_vic
- Reported Region: western Victoria
- Ticker: SVY

#### Resource scope

- Estimate type: resource
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Chris Cairns
- Resource group id: resource:8de9c53a526a20906882
- Deposit or zone: Secondary mineralisation in open pit
- Ownership percent: 100 %

#### Resource Data

- Category: inferred
- Tonnes: 6800000
- Grade: 1.3
- Grade Unit: g/t
- Contained Metal: 300
- Contained Unit: koz
- Cutoff Grade: 0.2
- Cutoff Unit: % CuEq

#### Prior Estimate

- Resource Date: 2026-02-01

#### Metal Equivalent

- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-09-24T00:00:00.000Z

Reasoning: The Inferred silver resource for secondary mineralization in the open pit at Thursday's Gossan is low grade, but contributes to the overall silver endowment.

- Negative factor: Low silver grade \(1.3 g/t\)

- Negative factor: Inferred category \(lower confidence\)

Evidence · table

> 1.3

Context: 6.8

#### Tags used in scoring

**Inferred Resource**

Polarity: negative

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

Why it applies: category is "inferred"

**Cut-off Disclosed**

Polarity: positive

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

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/svy-annual-report-june-2026--db618292-3131-43fb-bd50-6b6f9e70f830#fact-resource-facts-68)

Thursday's Gossan · copper

#### Identity

- Project: Thursday's Gossan
- Commodity: copper
- Region: australia\_vic
- Reported Region: western Victoria
- Ticker: SVY

#### Resource scope

- Estimate type: resource
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Chris Cairns
- Resource group id: resource:febecb622cc582e77182
- Deposit or zone: Underground
- Ownership percent: 100 %

#### Resource Data

- Category: inferred
- Tonnes: 1000000
- Grade: 1.7
- Grade Unit: %
- Contained Metal: 17
- Contained Unit: kt
- Cutoff Grade: 1
- Cutoff Unit: % CuEq

#### Prior Estimate

- Resource Date: 2026-02-01

#### Metal Equivalent

- Metal Eq. Grade: 1.9
- Metal Eq. Unit: % CuEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-09-24T00:00:00.000Z

Reasoning: The Inferred underground copper resource shows high grades, indicating potential for future underground development.

- Positive factor: High-grade copper \(1.7%\)

- Positive factor: Potential for underground development

- Negative factor: Inferred category \(lower confidence\)

Evidence · table

> 1.7

Context: 1.0

#### Tags used in scoring

**Inferred Resource**

Polarity: negative

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

Why it applies: category is "inferred"

**Cut-off Disclosed**

Polarity: positive

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

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/svy-annual-report-june-2026--db618292-3131-43fb-bd50-6b6f9e70f830#fact-resource-facts-69)

Thursday's Gossan · gold

#### Identity

- Project: Thursday's Gossan
- Commodity: gold
- Region: australia\_vic
- Reported Region: western Victoria
- Ticker: SVY

#### Resource scope

- Estimate type: resource
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Chris Cairns
- Resource group id: resource:febecb622cc582e77182
- Deposit or zone: Underground
- Ownership percent: 100 %

#### Resource Data

- Category: inferred
- Tonnes: 1000000
- Grade: 0.24
- Grade Unit: g/t
- Contained Metal: 7.9
- Contained Unit: koz
- Cutoff Grade: 1
- Cutoff Unit: % CuEq

#### Prior Estimate

- Resource Date: 2026-02-01

#### Metal Equivalent

- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-09-24T00:00:00.000Z

Reasoning: The Inferred underground gold resource adds to the overall gold endowment, albeit at a lower confidence level.

- Negative factor: Small contained metal \(7.9 koz\)

- Negative factor: Inferred category \(lower confidence\)

Evidence · table

> 0.24

Context: 1.0

#### Tags used in scoring

**Inferred Resource**

Polarity: negative

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

Why it applies: category is "inferred"

**Cut-off Disclosed**

Polarity: positive

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

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/svy-annual-report-june-2026--db618292-3131-43fb-bd50-6b6f9e70f830#fact-resource-facts-70)

Thursday's Gossan · silver

#### Identity

- Project: Thursday's Gossan
- Commodity: silver
- Region: australia\_vic
- Reported Region: western Victoria
- Ticker: SVY

#### Resource scope

- Estimate type: resource
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Chris Cairns
- Resource group id: resource:febecb622cc582e77182
- Deposit or zone: Underground
- Ownership percent: 100 %

#### Resource Data

- Category: inferred
- Tonnes: 1000000
- Grade: 5.2
- Grade Unit: g/t
- Contained Metal: 170
- Contained Unit: koz
- Cutoff Grade: 1
- Cutoff Unit: % CuEq

#### Prior Estimate

- Resource Date: 2026-02-01

#### Metal Equivalent

- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-09-24T00:00:00.000Z

Reasoning: The Inferred underground silver resource adds to the overall silver endowment, albeit at a lower confidence level.

- Negative factor: Small contained metal \(170 koz\)

- Negative factor: Inferred category \(lower confidence\)

Evidence · table

> 5.2

Context: 1.0

#### Tags used in scoring

**Inferred Resource**

Polarity: negative

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

Why it applies: category is "inferred"

**Cut-off Disclosed**

Polarity: positive

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

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

## Metallurgical Results (8)

### bottle roll

[Link to this fact](https://atlas-staging.minestarters.com/news/svy-annual-report-june-2026--db618292-3131-43fb-bd50-6b6f9e70f830#fact-metallurgical-facts-128)

Fairview North Gold Prospect · gold

Historical result

Needs review: historical\_restatement

#### Identity

- Project: Fairview North Gold Prospect
- Commodity: gold
- Region: australia\_vic
- Reported Region: western Victoria
- Ticker: SVY

#### Test Work

- Test Type: bottle roll
- Processing Route: heap leach
- Leach Time: 120 hours

#### Recovery

- Recovery: 80 %
- Recovery Basis: actual\_test

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Historical: Yes
- Historical Source Date: 2017-01-01T00:00:00.000Z

#### Dates

- Event date: 2026-09-24T00:00:00.000Z

Reasoning: Historical bottle-roll tests show good gold recoveries via heap leaching, indicating amenability to a low-cost processing route.

- Positive factor: High Recovery \(80%\)

- Positive factor: Heap Leach Route \(low cost\)

- Positive factor: Actual test results

- Negative factor: Historical testwork \(2017\)

Evidence · text

> Bottle-roll cyanide leach tests on RC composite samples indicated >80% gold recoveries via low-cost heap leaching, with individual bottle-roll recoveries ranging from 72.6% \(low-grade sample\) to 98.4% \(moderate-grade sample\) after 120 hours.

#### Tags used in scoring

**Heap Leach Route**

Polarity: neutral

Definition: Processing via heap leach — lower CAPEX and OPEX, lower recovery expected.

Why it applies: processing\_route matches the heap\_leach signal

**High Recovery**

Polarity: positive

Definition: Recovery at or above the exceptional band for the commodity and processing route.

Why it applies: 80% is at or above the exceptional band \(75%\)

### bottle roll

[Link to this fact](https://atlas-staging.minestarters.com/news/svy-annual-report-june-2026--db618292-3131-43fb-bd50-6b6f9e70f830#fact-metallurgical-facts-129)

Fairview North Gold Prospect · gold

Historical result

Needs review: historical\_restatement

#### Identity

- Project: Fairview North Gold Prospect
- Commodity: gold
- Region: australia\_vic
- Reported Region: western Victoria
- Ticker: SVY

#### Test Work

- Test Type: bottle roll
- Processing Route: heap leach
- Sample: low-grade sample
- Leach Time: 120 hours

#### Recovery

- Recovery: 72.6 %
- Recovery Basis: actual\_test

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Historical: Yes
- Historical Source Date: 2017-01-01T00:00:00.000Z

#### Dates

- Event date: 2026-09-24T00:00:00.000Z

Reasoning: Historical bottle-roll tests show moderate gold recoveries for low-grade samples via heap leaching.

- Positive factor: Heap Leach Route \(low cost\)

- Positive factor: Actual test results

- Negative factor: Historical testwork \(2017\)

Evidence · text

> individual bottle-roll recoveries ranging from 72.6% \(low-grade sample\)

#### Tags used in scoring

**Heap Leach Route**

Polarity: neutral

Definition: Processing via heap leach — lower CAPEX and OPEX, lower recovery expected.

Why it applies: processing\_route matches the heap\_leach signal

### bottle roll

[Link to this fact](https://atlas-staging.minestarters.com/news/svy-annual-report-june-2026--db618292-3131-43fb-bd50-6b6f9e70f830#fact-metallurgical-facts-130)

Fairview North Gold Prospect · gold

Historical result

Needs review: historical\_restatement

#### Identity

- Project: Fairview North Gold Prospect
- Commodity: gold
- Region: australia\_vic
- Reported Region: western Victoria
- Ticker: SVY

#### Test Work

- Test Type: bottle roll
- Processing Route: heap leach
- Sample: moderate-grade sample
- Leach Time: 120 hours

#### Recovery

- Recovery: 98.4 %
- Recovery Basis: actual\_test

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Historical: Yes
- Historical Source Date: 2017-01-01T00:00:00.000Z

#### Dates

- Event date: 2026-09-24T00:00:00.000Z

Reasoning: Historical bottle-roll tests show exceptionally high gold recoveries for moderate-grade samples via heap leaching.

- Positive factor: Exceptional Recovery \(98.4%\)

- Positive factor: Heap Leach Route \(low cost\)

- Positive factor: Actual test results

- Negative factor: Historical testwork \(2017\)

Evidence · text

> to 98.4% \(moderate-grade sample\) after 120 hours.

#### Tags used in scoring

**Heap Leach Route**

Polarity: neutral

Definition: Processing via heap leach — lower CAPEX and OPEX, lower recovery expected.

Why it applies: processing\_route matches the heap\_leach signal

**High Recovery**

Polarity: positive

Definition: Recovery at or above the exceptional band for the commodity and processing route.

Why it applies: 98.4% is at or above the exceptional band \(75%\)

### column leach

[Link to this fact](https://atlas-staging.minestarters.com/news/svy-annual-report-june-2026--db618292-3131-43fb-bd50-6b6f9e70f830#fact-metallurgical-facts-131)

Fairview North Gold Prospect · gold

Historical result

Needs review: historical\_restatement

#### Identity

- Project: Fairview North Gold Prospect
- Commodity: gold
- Region: australia\_vic
- Reported Region: western Victoria
- Ticker: SVY

#### Test Work

- Test Type: column leach
- Processing Route: heap leach

#### Recovery

- Recovery: 81.9 %
- Recovery Basis: actual\_test

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Historical: Yes
- Historical Source Date: 2017-01-01T00:00:00.000Z

#### Dates

- Event date: 2026-09-24T00:00:00.000Z

Reasoning: Historical column leach tests show strong gold recoveries via heap leaching, confirming amenability to this processing route.

- Positive factor: High Recovery \(81.9%\)

- Positive factor: Heap Leach Route \(low cost\)

- Positive factor: Actual test results

- Negative factor: Historical testwork \(2017\)

Evidence · text

> Column leach tests returned 81.9% to 95.8% gold recoveries.

#### Tags used in scoring

**Heap Leach Route**

Polarity: neutral

Definition: Processing via heap leach — lower CAPEX and OPEX, lower recovery expected.

Why it applies: processing\_route matches the heap\_leach signal

**High Recovery**

Polarity: positive

Definition: Recovery at or above the exceptional band for the commodity and processing route.

Why it applies: 81.9% is at or above the exceptional band \(75%\)

### column leach

[Link to this fact](https://atlas-staging.minestarters.com/news/svy-annual-report-june-2026--db618292-3131-43fb-bd50-6b6f9e70f830#fact-metallurgical-facts-132)

Fairview North Gold Prospect · gold

Historical result

Needs review: historical\_restatement

#### Identity

- Project: Fairview North Gold Prospect
- Commodity: gold
- Region: australia\_vic
- Reported Region: western Victoria
- Ticker: SVY

#### Test Work

- Test Type: column leach
- Processing Route: heap leach

#### Recovery

- Recovery: 95.8 %
- Recovery Basis: actual\_test

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Historical: Yes
- Historical Source Date: 2017-01-01T00:00:00.000Z

#### Dates

- Event date: 2026-09-24T00:00:00.000Z

Reasoning: Historical column leach tests show exceptionally high gold recoveries via heap leaching, confirming amenability to this processing route.

- Positive factor: Exceptional Recovery \(95.8%\)

- Positive factor: Heap Leach Route \(low cost\)

- Positive factor: Actual test results

- Negative factor: Historical testwork \(2017\)

Evidence · text

> Column leach tests returned 81.9% to 95.8% gold recoveries.

#### Tags used in scoring

**Heap Leach Route**

Polarity: neutral

Definition: Processing via heap leach — lower CAPEX and OPEX, lower recovery expected.

Why it applies: processing\_route matches the heap\_leach signal

**High Recovery**

Polarity: positive

Definition: Recovery at or above the exceptional band for the commodity and processing route.

Why it applies: 95.8% is at or above the exceptional band \(75%\)

### gravity recovery

[Link to this fact](https://atlas-staging.minestarters.com/news/svy-annual-report-june-2026--db618292-3131-43fb-bd50-6b6f9e70f830#fact-metallurgical-facts-133)

Fairview North Gold Prospect · gold

Historical result

Needs review: historical\_restatement

#### Identity

- Project: Fairview North Gold Prospect
- Commodity: gold
- Region: australia\_vic
- Reported Region: western Victoria
- Ticker: SVY

#### Test Work

- Test Type: gravity recovery
- Processing Route: gravity, heap leach

#### Recovery

- Recovery: 85 %
- Recovery Basis: actual\_test

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Historical: Yes
- Historical Source Date: 2017-01-01T00:00:00.000Z

#### Dates

- Event date: 2026-09-24T00:00:00.000Z

Reasoning: Historical gravity recovery followed by leaching shows strong gold recoveries, indicating the presence of recoverable coarse gold.

- Positive factor: High Recovery \(85%\)

- Positive factor: Gravity Route \(low cost\)

- Positive factor: Actual test results

- Negative factor: Historical testwork \(2017\)

Evidence · text

> Additional gravity recovery followed by bottle-roll leaching of the residue further improved recoveries to 85%–95.3%

#### Tags used in scoring

**Heap Leach Route**

Polarity: neutral

Definition: Processing via heap leach — lower CAPEX and OPEX, lower recovery expected.

Why it applies: processing\_route matches the heap\_leach signal

**Gravity Route**

Polarity: neutral

Definition: Gravity separation forms a material part of the flowsheet.

Why it applies: processing\_route matches the gravity signal

**High Recovery**

Polarity: positive

Definition: Recovery at or above the exceptional band for the commodity and processing route.

Why it applies: 85% is at or above the exceptional band \(75%\)

### gravity recovery

[Link to this fact](https://atlas-staging.minestarters.com/news/svy-annual-report-june-2026--db618292-3131-43fb-bd50-6b6f9e70f830#fact-metallurgical-facts-134)

Fairview North Gold Prospect · gold

Historical result

Needs review: historical\_restatement

#### Identity

- Project: Fairview North Gold Prospect
- Commodity: gold
- Region: australia\_vic
- Reported Region: western Victoria
- Ticker: SVY

#### Test Work

- Test Type: gravity recovery
- Processing Route: gravity, heap leach

#### Recovery

- Recovery: 95.3 %
- Recovery Basis: actual\_test

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Historical: Yes
- Historical Source Date: 2017-01-01T00:00:00.000Z

#### Dates

- Event date: 2026-09-24T00:00:00.000Z

Reasoning: Historical gravity recovery followed by leaching shows exceptionally high gold recoveries, indicating the presence of recoverable coarse gold.

- Positive factor: Exceptional Recovery \(95.3%\)

- Positive factor: Gravity Route \(low cost\)

- Positive factor: Actual test results

- Negative factor: Historical testwork \(2017\)

Evidence · text

> Additional gravity recovery followed by bottle-roll leaching of the residue further improved recoveries to 85%–95.3%

#### Tags used in scoring

**Heap Leach Route**

Polarity: neutral

Definition: Processing via heap leach — lower CAPEX and OPEX, lower recovery expected.

Why it applies: processing\_route matches the heap\_leach signal

**Gravity Route**

Polarity: neutral

Definition: Gravity separation forms a material part of the flowsheet.

Why it applies: processing\_route matches the gravity signal

**High Recovery**

Polarity: positive

Definition: Recovery at or above the exceptional band for the commodity and processing route.

Why it applies: 95.3% is at or above the exceptional band \(75%\)

### flotation

[Link to this fact](https://atlas-staging.minestarters.com/news/svy-annual-report-june-2026--db618292-3131-43fb-bd50-6b6f9e70f830#fact-metallurgical-facts-135)

Thursday's Gossan · copper

#### Identity

- Project: Thursday's Gossan
- Commodity: copper
- Region: australia\_vic
- Reported Region: western Victoria
- Ticker: SVY

#### Test Work

- Program Status: detailed
- Test Type: flotation
- Processing Route: crushing, grinding, sulphide flotation

#### Recovery

- Recovery: 84.8 %
- Recovery Basis: to\_concentrate
- Conc. Grade: 24
- Conc. Grade Unit: % Cu

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-09-24T00:00:00.000Z

Reasoning: The Scoping Study indicates strong copper recovery to concentrate via conventional flotation, supporting project economics.

- Positive factor: Strong Recovery \(84.8%\)

- Positive factor: Good concentrate grade \(24% Cu\)

Evidence · table

> 84.8%

Context: Copper recovery to concentrate

#### Tags used in scoring

**Mill Route**

Polarity: neutral

Definition: Processing via mill or concentrator \(CIL, CIP, tank leach, flotation\).

Why it applies: processing\_route matches the flotation signal

## 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.