# T2 Metals Files NI 43-101 Mineral Resource Estimate Report for the Sherridon Copper-Zinc-Gold-Silver Project, Manitoba, Canada Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/t2-metals-files-ni-43-101-mineral-resource-estimate-report-for-the-sherridon-cop--cb8e3ee6-2756-476b-88fa-c9c0e65306c0 Original source: https://orestocks.com/company/TWO.V/press-releases/8611002055032240 Publisher: orestocks Original announcement: 2026-06-26T14:30:00.000Z Analysis by Minestarters Atlas Atlas analysis published: 2026-10-01T02:47:16.945Z Atlas analysis updated: 2026-10-01T02:47:16.945Z - Company: T2 Metals Corp. - Ticker: TWO - Exchange: TSXV - Region: Manitoba, Canada - Primary commodity: Copper - Secondary commodities: Zinc, Gold, Silver - Document categories: Resource update - Extracted: 2026-10-01 02:47:17 UTC Narrative sentiment: 0.20 · Bullish ## Minestarters Atlas summary T2 Metals Corp. has filed its NI 43-101 compliant technical report for the Mineral Resource Estimate \(MRE\) at its 100%-owned Sherridon Copper-Zinc-Gold-Silver Project in Manitoba, Canada. The MRE, which was previously announced on May 7, 2026, defines Indicated Resources of 10.04 Mt grading 0.39% Cu, 0.83% Zn, 0.30 g/t Au, and 4.75 g/t Ag, and Inferred Resources of 18.15 Mt grading 1.08% Cu, 1.00% Zn, 0.27 g/t Au, and 7.05 g/t Ag. The report highlights the project's brownfields nature, established infrastructure, and potential for growth across four copper-dominant VMS deposits. Reasoning: T2 Metals has filed the NI 43-101 technical report for its Sherridon MRE, which was previously announced. While the filing itself is a procedural step with low novelty, the MRE establishes a substantial resource base across four VMS deposits with reasonable grades and good infrastructure, providing a solid foundation for future development. The high proportion of inferred resources is typical for this stage. - Positive factor: Significant resource base established across multiple deposits - Positive factor: NI 43-101 compliant report filed, enhancing credibility - Positive factor: High percentage of mineralization accessible within shallow open pits - Positive factor: Project benefits from established infrastructure and First Nations support - Positive factor: VMS deposit type with copper-dominant mineralization - Negative factor: Resource estimate numbers were previously announced, reducing novelty of this filing - Negative factor: A significant portion of the resource is in the Inferred category, indicating lower confidence for economic studies Facts used in scoring: 85 ## Classification and evidence **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: The resource estimate is prepared in compliance with National Instrument 43-101, a high reporting standard. Evidence · text > independent National Instrument 43-101 \("NI 43-101"\) Technical Report **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: The technical report was authored and approved by independent Qualified Persons as defined under NI 43-101. Evidence · text > The Technical Report was authored by Mr. Geoffrey Reed of ReedLeyton Consulting, Mr. Bengt Anders Hogrelius of Hogrelius Geological Consultants, and Mr. Bouke van 't Riet of Arundon Mining Solutions Oy, each an independent Qualified Person as defined under NI 43-101. Each QP has read and approved the scientific and technical information in this news release relating to the Technical Report and the MRE. **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: The cut-off grades for both open pit and underground scenarios are clearly stated. Evidence · text > Mineral resources are estimated at a NSR cut-off of US$20 per tonne and US$55 per tonne for open pit and underground respectively. **Metal Equivalent Opaque** Polarity: positive Story-specific tag Definition: Metal equivalent grade reported without disclosing the price, recovery, or payability assumptions used. Why it applies: Metal equivalent grade is reported with disclosed price and recovery assumptions. Evidence · text > Copper equivalent \(CuEq\) values were calculated using metal prices of US$5.00/lb copper, US$1.30/lb zinc, US$3,500/oz gold and US$45.00/oz silver, with metallurgical recovery factors of 92% for copper, 83% for zinc, 65% for gold and 57% for silver. The formula applied was: CuEq% = Cu% + \(Zn% × 0.2346\) + \(Au g/t × 0.00721\) + \(Ag g/t × 0.00008\). **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: This document is filing the technical report for a previously announced Mineral Resource Estimate. Evidence · text > T2 Metals Files NI 43-101 Mineral Resource Estimate Report for the Sherridon Copper-Zinc-Gold-Silver Project, Manitoba, Canada **Stale Data Re-release** Polarity: negative Story-specific tag Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: The MRE numbers were announced on May 7, 2026, making this June 26, 2026 filing a re-release of previously disclosed data. Evidence · text > The Technical Report supports the MRE announced in the Company's news release dated May 7, 2026 **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: A significant portion of the resource is in the Inferred category, which is speculative and has lower geological confidence. Evidence · text > Inferred Mineral Resource of 18.15 Mt grading 1.08% Cu, 1.00% Zn, 0.27 g/t Au and 7.05 g/t Ag ## Extracted facts Stored fact records: 85. Some facts used in scoring do not have a stored record. ## Resource Estimates (85) ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/t2-metals-files-ni-43-101-mineral-resource-estimate-report-for-the-sherridon-cop--cb8e3ee6-2756-476b-88fa-c9c0e65306c0#fact-resource-facts-0) Sherridon Copper-Gold Zinc-Silver- Project · copper Historical result Needs review: historical\_restatement #### Identity - Project: Sherridon Copper-Gold Zinc-Silver- Project - Commodity: copper - Region: canada\_mb - Reported Region: Manitoba, Canada - Ticker: TWO #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Mr. Geoffrey Reed, Mr. Bengt Anders Hogrelius, Mr. Bouke van 't Riet - Resource group id: resource:39d4075d3b0517b022cc - Deposit or zone: Cold Lake #### Resource Data - Category: indicated - Tonnes: 650000 - Grade: 0.35 - Grade Unit: % - Contained Metal: 5.03 - Contained Unit: m lb - Cutoff Grade: 20 - Cutoff Unit: US$/t #### Prior Estimate - Resource Date: 2026-04-22 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2026-05-07T00:00:00.000Z #### Dates - Event date: 2026-06-26T00:00:00.000Z Reasoning: This indicated resource for copper at Cold Lake OP contributes to the overall resource base with moderate grade and good confidence, supporting potential open pit development. - Positive factor: Indicated category provides reasonable geological confidence - Positive factor: Open pit mining method suggests lower operating costs - Negative factor: Grade is moderate for VMS copper deposits Evidence · table > 0.35 Context: 0.65 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/t2-metals-files-ni-43-101-mineral-resource-estimate-report-for-the-sherridon-cop--cb8e3ee6-2756-476b-88fa-c9c0e65306c0#fact-resource-facts-1) Sherridon Copper-Gold Zinc-Silver- Project · zinc Historical result Needs review: historical\_restatement #### Identity - Project: Sherridon Copper-Gold Zinc-Silver- Project - Commodity: zinc - Region: canada\_mb - Reported Region: Manitoba, Canada - Ticker: TWO #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Mr. Geoffrey Reed, Mr. Bengt Anders Hogrelius, Mr. Bouke van 't Riet - Resource group id: resource:39d4075d3b0517b022cc - Deposit or zone: Cold Lake #### Resource Data - Category: indicated - Tonnes: 650000 - Grade: 0.66 - Grade Unit: % - Contained Metal: 9.48 - Contained Unit: m lb - Cutoff Grade: 20 - Cutoff Unit: US$/t #### Prior Estimate - Resource Date: 2026-04-22 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2026-05-07T00:00:00.000Z #### Dates - Event date: 2026-06-26T00:00:00.000Z Reasoning: The indicated zinc resource at Cold Lake OP is of weak grade, contributing to the overall polymetallic nature but not a primary driver. - Negative factor: Grade is weak for VMS zinc deposits Evidence · table > 0.66 Context: 0.65 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/t2-metals-files-ni-43-101-mineral-resource-estimate-report-for-the-sherridon-cop--cb8e3ee6-2756-476b-88fa-c9c0e65306c0#fact-resource-facts-2) Sherridon Copper-Gold Zinc-Silver- Project · gold Historical result Needs review: historical\_restatement #### Identity - Project: Sherridon Copper-Gold Zinc-Silver- Project - Commodity: gold - Region: canada\_mb - Reported Region: Manitoba, Canada - Ticker: TWO #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Mr. Geoffrey Reed, Mr. Bengt Anders Hogrelius, Mr. Bouke van 't Riet - Resource group id: resource:39d4075d3b0517b022cc - Deposit or zone: Cold Lake #### Resource Data - Category: indicated - Tonnes: 650000 - Grade: 0.32 - Grade Unit: g/t - Cutoff Grade: 20 - Cutoff Unit: US$/t #### Prior Estimate - Resource Date: 2026-04-22 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2026-05-07T00:00:00.000Z #### Dates - Event date: 2026-06-26T00:00:00.000Z Reasoning: The indicated gold resource at Cold Lake OP is of weak grade, contributing to the overall polymetallic nature but not a primary driver. - Negative factor: Grade is weak for VMS gold deposits Evidence · table > 0.32 Context: 0.65 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/t2-metals-files-ni-43-101-mineral-resource-estimate-report-for-the-sherridon-cop--cb8e3ee6-2756-476b-88fa-c9c0e65306c0#fact-resource-facts-3) Sherridon Copper-Gold Zinc-Silver- Project · silver Historical result Needs review: historical\_restatement #### Identity - Project: Sherridon Copper-Gold Zinc-Silver- Project - Commodity: silver - Region: canada\_mb - Reported Region: Manitoba, Canada - Ticker: TWO #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Mr. Geoffrey Reed, Mr. Bengt Anders Hogrelius, Mr. Bouke van 't Riet - Resource group id: resource:39d4075d3b0517b022cc - Deposit or zone: Cold Lake #### Resource Data - Category: indicated - Tonnes: 650000 - Grade: 7 - Grade Unit: g/t - Cutoff Grade: 20 - Cutoff Unit: US$/t #### Prior Estimate - Resource Date: 2026-04-22 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2026-05-07T00:00:00.000Z #### Dates - Event date: 2026-06-26T00:00:00.000Z Reasoning: The indicated silver resource at Cold Lake OP is of weak grade, contributing to the overall polymetallic nature but not a primary driver. - Negative factor: Grade is weak for VMS silver deposits Evidence · table > 7.0 Context: 0.65 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/t2-metals-files-ni-43-101-mineral-resource-estimate-report-for-the-sherridon-cop--cb8e3ee6-2756-476b-88fa-c9c0e65306c0#fact-resource-facts-4) Sherridon Copper-Gold Zinc-Silver- Project · copper Historical result Needs review: historical\_restatement #### Identity - Project: Sherridon Copper-Gold Zinc-Silver- Project - Commodity: copper - Region: canada\_mb - Reported Region: Manitoba, Canada - Ticker: TWO #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Mr. Geoffrey Reed, Mr. Bengt Anders Hogrelius, Mr. Bouke van 't Riet - Resource group id: resource:39d4075d3b0517b022cc - Deposit or zone: Cold Lake #### Resource Data - Category: indicated - Tonnes: 650000 - Cutoff Grade: 20 - Cutoff Unit: US$/t #### Prior Estimate - Resource Date: 2026-04-22 #### Metal Equivalent - Metal Eq. Grade: 0.91 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2026-05-07T00:00:00.000Z #### Dates - Event date: 2026-06-26T00:00:00.000Z Reasoning: The copper equivalent grade for Cold Lake OP Indicated resource provides a consolidated view of the polymetallic value, indicating a moderate overall grade. - Positive factor: Copper equivalent grade provides a combined value for polymetallic mineralization Evidence · table > 0.91 Context: 0.65 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/t2-metals-files-ni-43-101-mineral-resource-estimate-report-for-the-sherridon-cop--cb8e3ee6-2756-476b-88fa-c9c0e65306c0#fact-resource-facts-5) Sherridon Copper-Gold Zinc-Silver- Project · copper Historical result Needs review: historical\_restatement #### Identity - Project: Sherridon Copper-Gold Zinc-Silver- Project - Commodity: copper - Region: canada\_mb - Reported Region: Manitoba, Canada - Ticker: TWO #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Mr. Geoffrey Reed, Mr. Bengt Anders Hogrelius, Mr. Bouke van 't Riet - Resource group id: resource:bfe5a4d6e65b0b9b24f6 - Deposit or zone: Cold Lake #### Resource Data - Category: indicated - Tonnes: 310000 - Grade: 0.32 - Grade Unit: % - Contained Metal: 2.21 - Contained Unit: m lb - Cutoff Grade: 55 - Cutoff Unit: US$/t #### Prior Estimate - Resource Date: 2026-04-22 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2026-05-07T00:00:00.000Z #### Dates - Event date: 2026-06-26T00:00:00.000Z Reasoning: This indicated resource for copper at Cold Lake UG is of weak grade, which may be challenging for underground economic extraction. - Positive factor: Indicated category provides reasonable geological confidence - Negative factor: Grade is weak for VMS copper deposits in an underground scenario Evidence · table > 0.32 Context: 0.31 #### 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 **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/t2-metals-files-ni-43-101-mineral-resource-estimate-report-for-the-sherridon-cop--cb8e3ee6-2756-476b-88fa-c9c0e65306c0#fact-resource-facts-6) Sherridon Copper-Gold Zinc-Silver- Project · zinc Historical result Needs review: historical\_restatement #### Identity - Project: Sherridon Copper-Gold Zinc-Silver- Project - Commodity: zinc - Region: canada\_mb - Reported Region: Manitoba, Canada - Ticker: TWO #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Mr. Geoffrey Reed, Mr. Bengt Anders Hogrelius, Mr. Bouke van 't Riet - Resource group id: resource:bfe5a4d6e65b0b9b24f6 - Deposit or zone: Cold Lake #### Resource Data - Category: indicated - Tonnes: 310000 - Grade: 0.58 - Grade Unit: % - Contained Metal: 40 - Contained Unit: m lb - Cutoff Grade: 55 - Cutoff Unit: US$/t #### Prior Estimate - Resource Date: 2026-04-22 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2026-05-07T00:00:00.000Z #### Dates - Event date: 2026-06-26T00:00:00.000Z Reasoning: The indicated zinc resource at Cold Lake UG is of weak grade, contributing to the overall polymetallic nature but not a primary driver. - Negative factor: Grade is weak for VMS zinc deposits Evidence · table > 0.58 Context: 0.31 #### 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 **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/t2-metals-files-ni-43-101-mineral-resource-estimate-report-for-the-sherridon-cop--cb8e3ee6-2756-476b-88fa-c9c0e65306c0#fact-resource-facts-7) Sherridon Copper-Gold Zinc-Silver- Project · gold Historical result Needs review: historical\_restatement #### Identity - Project: Sherridon Copper-Gold Zinc-Silver- Project - Commodity: gold - Region: canada\_mb - Reported Region: Manitoba, Canada - Ticker: TWO #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Mr. Geoffrey Reed, Mr. Bengt Anders Hogrelius, Mr. Bouke van 't Riet - Resource group id: resource:bfe5a4d6e65b0b9b24f6 - Deposit or zone: Cold Lake #### Resource Data - Category: indicated - Tonnes: 310000 - Grade: 0.46 - Grade Unit: g/t - Cutoff Grade: 55 - Cutoff Unit: US$/t #### Prior Estimate - Resource Date: 2026-04-22 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2026-05-07T00:00:00.000Z #### Dates - Event date: 2026-06-26T00:00:00.000Z Reasoning: The indicated gold resource at Cold Lake UG is of weak grade, contributing to the overall polymetallic nature but not a primary driver. - Negative factor: Grade is weak for VMS gold deposits Evidence · table > 0.46 Context: 0.31 #### 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 **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/t2-metals-files-ni-43-101-mineral-resource-estimate-report-for-the-sherridon-cop--cb8e3ee6-2756-476b-88fa-c9c0e65306c0#fact-resource-facts-8) Sherridon Copper-Gold Zinc-Silver- Project · silver Historical result Needs review: historical\_restatement #### Identity - Project: Sherridon Copper-Gold Zinc-Silver- Project - Commodity: silver - Region: canada\_mb - Reported Region: Manitoba, Canada - Ticker: TWO #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Mr. Geoffrey Reed, Mr. Bengt Anders Hogrelius, Mr. Bouke van 't Riet - Resource group id: resource:bfe5a4d6e65b0b9b24f6 - Deposit or zone: Cold Lake #### Resource Data - Category: indicated - Tonnes: 310000 - Grade: 7 - Grade Unit: g/t - Cutoff Grade: 55 - Cutoff Unit: US$/t #### Prior Estimate - Resource Date: 2026-04-22 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2026-05-07T00:00:00.000Z #### Dates - Event date: 2026-06-26T00:00:00.000Z Reasoning: The indicated silver resource at Cold Lake UG is of weak grade, contributing to the overall polymetallic nature but not a primary driver. - Negative factor: Grade is weak for VMS silver deposits Evidence · table > 7.0 Context: 0.31 #### 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 **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/t2-metals-files-ni-43-101-mineral-resource-estimate-report-for-the-sherridon-cop--cb8e3ee6-2756-476b-88fa-c9c0e65306c0#fact-resource-facts-9) Sherridon Copper-Gold Zinc-Silver- Project · copper Historical result Needs review: historical\_restatement #### Identity - Project: Sherridon Copper-Gold Zinc-Silver- Project - Commodity: copper - Region: canada\_mb - Reported Region: Manitoba, Canada - Ticker: TWO #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Mr. Geoffrey Reed, Mr. Bengt Anders Hogrelius, Mr. Bouke van 't Riet - Resource group id: resource:bfe5a4d6e65b0b9b24f6 - Deposit or zone: Cold Lake #### Resource Data - Category: indicated - Tonnes: 310000 - Cutoff Grade: 55 - Cutoff Unit: US$/t #### Prior Estimate - Resource Date: 2026-04-22 #### Metal Equivalent - Metal Eq. Grade: 0.94 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2026-05-07T00:00:00.000Z #### Dates - Event date: 2026-06-26T00:00:00.000Z Reasoning: The copper equivalent grade for Cold Lake UG Indicated resource provides a consolidated view of the polymetallic value, indicating a moderate overall grade. - Positive factor: Copper equivalent grade provides a combined value for polymetallic mineralization Evidence · table > 0.94 Context: 0.31 #### 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 **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/t2-metals-files-ni-43-101-mineral-resource-estimate-report-for-the-sherridon-cop--cb8e3ee6-2756-476b-88fa-c9c0e65306c0#fact-resource-facts-10) Sherridon Copper-Gold Zinc-Silver- Project · copper Historical result Needs review: historical\_restatement #### Identity - Project: Sherridon Copper-Gold Zinc-Silver- Project - Commodity: copper - Region: canada\_mb - Reported Region: Manitoba, Canada - Ticker: TWO #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Mr. Geoffrey Reed, Mr. Bengt Anders Hogrelius, Mr. Bouke van 't Riet - Resource group id: resource:9ae920d332a4b99b42cd - Deposit or zone: Lost Lake #### Resource Data - Category: indicated - Tonnes: 1890000 - Grade: 0.61 - Grade Unit: % - Contained Metal: 25.48 - Contained Unit: m lb - Cutoff Grade: 20 - Cutoff Unit: US$/t #### Prior Estimate - Resource Date: 2026-04-22 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2026-05-07T00:00:00.000Z #### Dates - Event date: 2026-06-26T00:00:00.000Z Reasoning: This indicated resource for copper at Lost Lake OP contributes significantly to the overall resource base with moderate grade and good confidence, supporting potential open pit development. - Positive factor: Indicated category provides reasonable geological confidence - Positive factor: Open pit mining method suggests lower operating costs - Positive factor: Grade is moderate for VMS copper deposits Evidence · table > 0.61 Context: 1.89 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/t2-metals-files-ni-43-101-mineral-resource-estimate-report-for-the-sherridon-cop--cb8e3ee6-2756-476b-88fa-c9c0e65306c0#fact-resource-facts-11) Sherridon Copper-Gold Zinc-Silver- Project · zinc Historical result Needs review: historical\_restatement #### Identity - Project: Sherridon Copper-Gold Zinc-Silver- Project - Commodity: zinc - Region: canada\_mb - Reported Region: Manitoba, Canada - Ticker: TWO #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Mr. Geoffrey Reed, Mr. Bengt Anders Hogrelius, Mr. Bouke van 't Riet - Resource group id: resource:9ae920d332a4b99b42cd - Deposit or zone: Lost Lake #### Resource Data - Category: indicated - Tonnes: 1890000 - Grade: 2.25 - Grade Unit: % - Contained Metal: 93.97 - Contained Unit: m lb - Cutoff Grade: 20 - Cutoff Unit: US$/t #### Prior Estimate - Resource Date: 2026-04-22 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2026-05-07T00:00:00.000Z #### Dates - Event date: 2026-06-26T00:00:00.000Z Reasoning: The indicated zinc resource at Lost Lake OP is of moderate grade, providing a valuable polymetallic component to the resource. - Positive factor: Grade is moderate for VMS zinc deposits Evidence · table > 2.25 Context: 1.89 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/t2-metals-files-ni-43-101-mineral-resource-estimate-report-for-the-sherridon-cop--cb8e3ee6-2756-476b-88fa-c9c0e65306c0#fact-resource-facts-12) Sherridon Copper-Gold Zinc-Silver- Project · gold Historical result Needs review: historical\_restatement #### Identity - Project: Sherridon Copper-Gold Zinc-Silver- Project - Commodity: gold - Region: canada\_mb - Reported Region: Manitoba, Canada - Ticker: TWO #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Mr. Geoffrey Reed, Mr. Bengt Anders Hogrelius, Mr. Bouke van 't Riet - Resource group id: resource:9ae920d332a4b99b42cd - Deposit or zone: Lost Lake #### Resource Data - Category: indicated - Tonnes: 1890000 - Grade: 0.59 - Grade Unit: g/t - Cutoff Grade: 20 - Cutoff Unit: US$/t #### Prior Estimate - Resource Date: 2026-04-22 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2026-05-07T00:00:00.000Z #### Dates - Event date: 2026-06-26T00:00:00.000Z Reasoning: The indicated gold resource at Lost Lake OP is of weak grade, contributing to the overall polymetallic nature but not a primary driver. - Negative factor: Grade is weak for VMS gold deposits Evidence · table > 0.59 Context: 1.89 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/t2-metals-files-ni-43-101-mineral-resource-estimate-report-for-the-sherridon-cop--cb8e3ee6-2756-476b-88fa-c9c0e65306c0#fact-resource-facts-13) Sherridon Copper-Gold Zinc-Silver- Project · silver Historical result Needs review: historical\_restatement #### Identity - Project: Sherridon Copper-Gold Zinc-Silver- Project - Commodity: silver - Region: canada\_mb - Reported Region: Manitoba, Canada - Ticker: TWO #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Mr. Geoffrey Reed, Mr. Bengt Anders Hogrelius, Mr. Bouke van 't Riet - Resource group id: resource:9ae920d332a4b99b42cd - Deposit or zone: Lost Lake #### Resource Data - Category: indicated - Tonnes: 1890000 - Grade: 8 - Grade Unit: g/t - Cutoff Grade: 20 - Cutoff Unit: US$/t #### Prior Estimate - Resource Date: 2026-04-22 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2026-05-07T00:00:00.000Z #### Dates - Event date: 2026-06-26T00:00:00.000Z Reasoning: The indicated silver resource at Lost Lake OP is of weak grade, contributing to the overall polymetallic nature but not a primary driver. - Negative factor: Grade is weak for VMS silver deposits Evidence · table > 8.0 Context: 1.89 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/t2-metals-files-ni-43-101-mineral-resource-estimate-report-for-the-sherridon-cop--cb8e3ee6-2756-476b-88fa-c9c0e65306c0#fact-resource-facts-14) Sherridon Copper-Gold Zinc-Silver- Project · copper Historical result Needs review: historical\_restatement #### Identity - Project: Sherridon Copper-Gold Zinc-Silver- Project - Commodity: copper - Region: canada\_mb - Reported Region: Manitoba, Canada - Ticker: TWO #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Mr. Geoffrey Reed, Mr. Bengt Anders Hogrelius, Mr. Bouke van 't Riet - Resource group id: resource:9ae920d332a4b99b42cd - Deposit or zone: Lost Lake #### Resource Data - Category: indicated - Tonnes: 1890000 - Cutoff Grade: 20 - Cutoff Unit: US$/t #### Prior Estimate - Resource Date: 2026-04-22 #### Metal Equivalent - Metal Eq. Grade: 2.13 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2026-05-07T00:00:00.000Z #### Dates - Event date: 2026-06-26T00:00:00.000Z Reasoning: The copper equivalent grade for Lost Lake OP Indicated resource is strong, indicating significant overall polymetallic value. - Positive factor: Copper equivalent grade is strong for VMS deposits - Positive factor: Copper equivalent grade provides a combined value for polymetallic mineralization Evidence · table > 2.13 Context: 1.89 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/t2-metals-files-ni-43-101-mineral-resource-estimate-report-for-the-sherridon-cop--cb8e3ee6-2756-476b-88fa-c9c0e65306c0#fact-resource-facts-15) Sherridon Copper-Gold Zinc-Silver- Project · copper Historical result Needs review: historical\_restatement #### Identity - Project: Sherridon Copper-Gold Zinc-Silver- Project - Commodity: copper - Region: canada\_mb - Reported Region: Manitoba, Canada - Ticker: TWO #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Mr. Geoffrey Reed, Mr. Bengt Anders Hogrelius, Mr. Bouke van 't Riet - Resource group id: resource:b389039e53c6eeffc9a3 - Deposit or zone: Bob #### Resource Data - Category: indicated - Tonnes: 3230000 - Grade: 0.34 - Grade Unit: % - Contained Metal: 24.22 - Contained Unit: m lb - Cutoff Grade: 20 - Cutoff Unit: US$/t #### Prior Estimate - Resource Date: 2026-04-22 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2026-05-07T00:00:00.000Z #### Dates - Event date: 2026-06-26T00:00:00.000Z Reasoning: This indicated resource for copper at Bob OP contributes to the overall resource base with moderate grade and good confidence, supporting potential open pit development. - Positive factor: Indicated category provides reasonable geological confidence - Positive factor: Open pit mining method suggests lower operating costs - Negative factor: Grade is moderate for VMS copper deposits Evidence · table > 0.34 Context: 3.23 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/t2-metals-files-ni-43-101-mineral-resource-estimate-report-for-the-sherridon-cop--cb8e3ee6-2756-476b-88fa-c9c0e65306c0#fact-resource-facts-16) Sherridon Copper-Gold Zinc-Silver- Project · zinc Historical result Needs review: historical\_restatement #### Identity - Project: Sherridon Copper-Gold Zinc-Silver- Project - Commodity: zinc - Region: canada\_mb - Reported Region: Manitoba, Canada - Ticker: TWO #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Mr. Geoffrey Reed, Mr. Bengt Anders Hogrelius, Mr. Bouke van 't Riet - Resource group id: resource:b389039e53c6eeffc9a3 - Deposit or zone: Bob #### Resource Data - Category: indicated - Tonnes: 3230000 - Grade: 0.33 - Grade Unit: % - Contained Metal: 23.5 - Contained Unit: m lb - Cutoff Grade: 20 - Cutoff Unit: US$/t #### Prior Estimate - Resource Date: 2026-04-22 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2026-05-07T00:00:00.000Z #### Dates - Event date: 2026-06-26T00:00:00.000Z Reasoning: The indicated zinc resource at Bob OP is of weak grade, contributing to the overall polymetallic nature but not a primary driver. - Negative factor: Grade is weak for VMS zinc deposits Evidence · table > 0.33 Context: 3.23 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/t2-metals-files-ni-43-101-mineral-resource-estimate-report-for-the-sherridon-cop--cb8e3ee6-2756-476b-88fa-c9c0e65306c0#fact-resource-facts-17) Sherridon Copper-Gold Zinc-Silver- Project · gold Historical result Needs review: historical\_restatement #### Identity - Project: Sherridon Copper-Gold Zinc-Silver- Project - Commodity: gold - Region: canada\_mb - Reported Region: Manitoba, Canada - Ticker: TWO #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Mr. Geoffrey Reed, Mr. Bengt Anders Hogrelius, Mr. Bouke van 't Riet - Resource group id: resource:b389039e53c6eeffc9a3 - Deposit or zone: Bob #### Resource Data - Category: indicated - Tonnes: 3230000 - Grade: 0.27 - Grade Unit: g/t - Cutoff Grade: 20 - Cutoff Unit: US$/t #### Prior Estimate - Resource Date: 2026-04-22 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2026-05-07T00:00:00.000Z #### Dates - Event date: 2026-06-26T00:00:00.000Z Reasoning: The indicated gold resource at Bob OP is of weak grade, contributing to the overall polymetallic nature but not a primary driver. - Negative factor: Grade is weak for VMS gold deposits Evidence · table > 0.27 Context: 3.23 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/t2-metals-files-ni-43-101-mineral-resource-estimate-report-for-the-sherridon-cop--cb8e3ee6-2756-476b-88fa-c9c0e65306c0#fact-resource-facts-18) Sherridon Copper-Gold Zinc-Silver- Project · silver Historical result Needs review: historical\_restatement #### Identity - Project: Sherridon Copper-Gold Zinc-Silver- Project - Commodity: silver - Region: canada\_mb - Reported Region: Manitoba, Canada - Ticker: TWO #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Mr. Geoffrey Reed, Mr. Bengt Anders Hogrelius, Mr. Bouke van 't Riet - Resource group id: resource:b389039e53c6eeffc9a3 - Deposit or zone: Bob #### Resource Data - Category: indicated - Tonnes: 3230000 - Grade: 3.9 - Grade Unit: g/t - Cutoff Grade: 20 - Cutoff Unit: US$/t #### Prior Estimate - Resource Date: 2026-04-22 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2026-05-07T00:00:00.000Z #### Dates - Event date: 2026-06-26T00:00:00.000Z Reasoning: The indicated silver resource at Bob OP is of weak grade, contributing to the overall polymetallic nature but not a primary driver. - Negative factor: Grade is weak for VMS silver deposits Evidence · table > 3.9 Context: 3.23 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/t2-metals-files-ni-43-101-mineral-resource-estimate-report-for-the-sherridon-cop--cb8e3ee6-2756-476b-88fa-c9c0e65306c0#fact-resource-facts-19) Sherridon Copper-Gold Zinc-Silver- Project · copper Historical result Needs review: historical\_restatement #### Identity - Project: Sherridon Copper-Gold Zinc-Silver- Project - Commodity: copper - Region: canada\_mb - Reported Region: Manitoba, Canada - Ticker: TWO #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Mr. Geoffrey Reed, Mr. Bengt Anders Hogrelius, Mr. Bouke van 't Riet - Resource group id: resource:b389039e53c6eeffc9a3 - Deposit or zone: Bob #### Resource Data - Category: indicated - Tonnes: 3230000 - Cutoff Grade: 20 - Cutoff Unit: US$/t #### Prior Estimate - Resource Date: 2026-04-22 #### Metal Equivalent - Metal Eq. Grade: 0.69 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2026-05-07T00:00:00.000Z #### Dates - Event date: 2026-06-26T00:00:00.000Z Reasoning: The copper equivalent grade for Bob OP Indicated resource provides a consolidated view of the polymetallic value, indicating a moderate overall grade. - Positive factor: Copper equivalent grade provides a combined value for polymetallic mineralization Evidence · table > 0.69 Context: 3.23 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/t2-metals-files-ni-43-101-mineral-resource-estimate-report-for-the-sherridon-cop--cb8e3ee6-2756-476b-88fa-c9c0e65306c0#fact-resource-facts-20) Sherridon Copper-Gold Zinc-Silver- Project · copper Historical result Needs review: historical\_restatement #### Identity - Project: Sherridon Copper-Gold Zinc-Silver- Project - Commodity: copper - Region: canada\_mb - Reported Region: Manitoba, Canada - Ticker: TWO #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Mr. Geoffrey Reed, Mr. Bengt Anders Hogrelius, Mr. Bouke van 't Riet - Resource group id: resource:05667e649aab9dad34c6 - Deposit or zone: Bob #### Resource Data - Category: indicated - Tonnes: 990000 - Grade: 0.34 - Grade Unit: % - Contained Metal: 7.43 - Contained Unit: m lb - Cutoff Grade: 55 - Cutoff Unit: US$/t #### Prior Estimate - Resource Date: 2026-04-22 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2026-05-07T00:00:00.000Z #### Dates - Event date: 2026-06-26T00:00:00.000Z Reasoning: This indicated resource for copper at Bob UG is of weak grade, which may be challenging for underground economic extraction. - Positive factor: Indicated category provides reasonable geological confidence - Negative factor: Grade is weak for VMS copper deposits in an underground scenario Evidence · table > 0.34 Context: 0.99 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/t2-metals-files-ni-43-101-mineral-resource-estimate-report-for-the-sherridon-cop--cb8e3ee6-2756-476b-88fa-c9c0e65306c0#fact-resource-facts-21) Sherridon Copper-Gold Zinc-Silver- Project · zinc Historical result Needs review: historical\_restatement #### Identity - Project: Sherridon Copper-Gold Zinc-Silver- Project - Commodity: zinc - Region: canada\_mb - Reported Region: Manitoba, Canada - Ticker: TWO #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Mr. Geoffrey Reed, Mr. Bengt Anders Hogrelius, Mr. Bouke van 't Riet - Resource group id: resource:05667e649aab9dad34c6 - Deposit or zone: Bob #### Resource Data - Category: indicated - Tonnes: 990000 - Grade: 0.64 - Grade Unit: % - Contained Metal: 13.99 - Contained Unit: m lb - Cutoff Grade: 55 - Cutoff Unit: US$/t #### Prior Estimate - Resource Date: 2026-04-22 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2026-05-07T00:00:00.000Z #### Dates - Event date: 2026-06-26T00:00:00.000Z Reasoning: The indicated zinc resource at Bob UG is of weak grade, contributing to the overall polymetallic nature but not a primary driver. - Negative factor: Grade is weak for VMS zinc deposits Evidence · table > 0.64 Context: 0.99 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/t2-metals-files-ni-43-101-mineral-resource-estimate-report-for-the-sherridon-cop--cb8e3ee6-2756-476b-88fa-c9c0e65306c0#fact-resource-facts-22) Sherridon Copper-Gold Zinc-Silver- Project · gold Historical result Needs review: historical\_restatement #### Identity - Project: Sherridon Copper-Gold Zinc-Silver- Project - Commodity: gold - Region: canada\_mb - Reported Region: Manitoba, Canada - Ticker: TWO #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Mr. Geoffrey Reed, Mr. Bengt Anders Hogrelius, Mr. Bouke van 't Riet - Resource group id: resource:05667e649aab9dad34c6 - Deposit or zone: Bob #### Resource Data - Category: indicated - Tonnes: 990000 - Grade: 0.4 - Grade Unit: g/t - Cutoff Grade: 55 - Cutoff Unit: US$/t #### Prior Estimate - Resource Date: 2026-04-22 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2026-05-07T00:00:00.000Z #### Dates - Event date: 2026-06-26T00:00:00.000Z Reasoning: The indicated gold resource at Bob UG is of weak grade, contributing to the overall polymetallic nature but not a primary driver. - Negative factor: Grade is weak for VMS gold deposits Evidence · table > 0.40 Context: 0.99 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/t2-metals-files-ni-43-101-mineral-resource-estimate-report-for-the-sherridon-cop--cb8e3ee6-2756-476b-88fa-c9c0e65306c0#fact-resource-facts-23) Sherridon Copper-Gold Zinc-Silver- Project · silver Historical result Needs review: historical\_restatement #### Identity - Project: Sherridon Copper-Gold Zinc-Silver- Project - Commodity: silver - Region: canada\_mb - Reported Region: Manitoba, Canada - Ticker: TWO #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Mr. Geoffrey Reed, Mr. Bengt Anders Hogrelius, Mr. Bouke van 't Riet - Resource group id: resource:05667e649aab9dad34c6 - Deposit or zone: Bob #### Resource Data - Category: indicated - Tonnes: 990000 - Grade: 5 - Grade Unit: g/t - Cutoff Grade: 55 - Cutoff Unit: US$/t #### Prior Estimate - Resource Date: 2026-04-22 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2026-05-07T00:00:00.000Z #### Dates - Event date: 2026-06-26T00:00:00.000Z Reasoning: The indicated silver resource at Bob UG is of weak grade, contributing to the overall polymetallic nature but not a primary driver. - Negative factor: Grade is weak for VMS silver deposits Evidence · table > 5.0 Context: 0.99 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/t2-metals-files-ni-43-101-mineral-resource-estimate-report-for-the-sherridon-cop--cb8e3ee6-2756-476b-88fa-c9c0e65306c0#fact-resource-facts-24) Sherridon Copper-Gold Zinc-Silver- Project · copper Historical result Needs review: historical\_restatement #### Identity - Project: Sherridon Copper-Gold Zinc-Silver- Project - Commodity: copper - Region: canada\_mb - Reported Region: Manitoba, Canada - Ticker: TWO #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Mr. Geoffrey Reed, Mr. Bengt Anders Hogrelius, Mr. Bouke van 't Riet - Resource group id: resource:05667e649aab9dad34c6 - Deposit or zone: Bob #### Resource Data - Category: indicated - Tonnes: 990000 - Cutoff Grade: 55 - Cutoff Unit: US$/t #### Prior Estimate - Resource Date: 2026-04-22 #### Metal Equivalent - Metal Eq. Grade: 0.93 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2026-05-07T00:00:00.000Z #### Dates - Event date: 2026-06-26T00:00:00.000Z Reasoning: The copper equivalent grade for Bob UG Indicated resource provides a consolidated view of the polymetallic value, indicating a moderate overall grade. - Positive factor: Copper equivalent grade provides a combined value for polymetallic mineralization Evidence · table > 0.93 Context: 0.99 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/t2-metals-files-ni-43-101-mineral-resource-estimate-report-for-the-sherridon-cop--cb8e3ee6-2756-476b-88fa-c9c0e65306c0#fact-resource-facts-25) Sherridon Copper-Gold Zinc-Silver- Project · copper Historical result Needs review: historical\_restatement #### Identity - Project: Sherridon Copper-Gold Zinc-Silver- Project - Commodity: copper - Region: canada\_mb - Reported Region: Manitoba, Canada - Ticker: TWO #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Mr. Geoffrey Reed, Mr. Bengt Anders Hogrelius, Mr. Bouke van 't Riet - Resource group id: resource:bffb1befe47d515f8c90 - Deposit or zone: Jungle #### Resource Data - Category: indicated - Tonnes: 2310000 - Grade: 0.33 - Grade Unit: % - Contained Metal: 16.77 - Contained Unit: m lb - Cutoff Grade: 20 - Cutoff Unit: US$/t #### Prior Estimate - Resource Date: 2026-04-22 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2026-05-07T00:00:00.000Z #### Dates - Event date: 2026-06-26T00:00:00.000Z Reasoning: This indicated resource for copper at Jungle OP contributes to the overall resource base with moderate grade and good confidence, supporting potential open pit development. - Positive factor: Indicated category provides reasonable geological confidence - Positive factor: Open pit mining method suggests lower operating costs - Negative factor: Grade is moderate for VMS copper deposits Evidence · table > 0.33 Context: 2.31 #### 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 **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/t2-metals-files-ni-43-101-mineral-resource-estimate-report-for-the-sherridon-cop--cb8e3ee6-2756-476b-88fa-c9c0e65306c0#fact-resource-facts-26) Sherridon Copper-Gold Zinc-Silver- Project · zinc Historical result Needs review: historical\_restatement #### Identity - Project: Sherridon Copper-Gold Zinc-Silver- Project - Commodity: zinc - Region: canada\_mb - Reported Region: Manitoba, Canada - Ticker: TWO #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Mr. Geoffrey Reed, Mr. Bengt Anders Hogrelius, Mr. Bouke van 't Riet - Resource group id: resource:bffb1befe47d515f8c90 - Deposit or zone: Jungle #### Resource Data - Category: indicated - Tonnes: 2310000 - Grade: 0.3 - Grade Unit: % - Contained Metal: 15.25 - Contained Unit: m lb - Cutoff Grade: 20 - Cutoff Unit: US$/t #### Prior Estimate - Resource Date: 2026-04-22 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2026-05-07T00:00:00.000Z #### Dates - Event date: 2026-06-26T00:00:00.000Z Reasoning: The indicated zinc resource at Jungle OP is of weak grade, contributing to the overall polymetallic nature but not a primary driver. - Negative factor: Grade is weak for VMS zinc deposits Evidence · table > 0.30 Context: 2.31 #### 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 **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/t2-metals-files-ni-43-101-mineral-resource-estimate-report-for-the-sherridon-cop--cb8e3ee6-2756-476b-88fa-c9c0e65306c0#fact-resource-facts-27) Sherridon Copper-Gold Zinc-Silver- Project · gold Historical result Needs review: historical\_restatement #### Identity - Project: Sherridon Copper-Gold Zinc-Silver- Project - Commodity: gold - Region: canada\_mb - Reported Region: Manitoba, Canada - Ticker: TWO #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Mr. Geoffrey Reed, Mr. Bengt Anders Hogrelius, Mr. Bouke van 't Riet - Resource group id: resource:bffb1befe47d515f8c90 - Deposit or zone: Jungle #### Resource Data - Category: indicated - Tonnes: 2310000 - Grade: 0.08 - Grade Unit: g/t - Cutoff Grade: 20 - Cutoff Unit: US$/t #### Prior Estimate - Resource Date: 2026-04-22 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2026-05-07T00:00:00.000Z #### Dates - Event date: 2026-06-26T00:00:00.000Z Reasoning: The indicated gold resource at Jungle OP is of weak grade, contributing to the overall polymetallic nature but not a primary driver. - Negative factor: Grade is weak for VMS gold deposits Evidence · table > 0.08 Context: 2.31 #### 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 **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/t2-metals-files-ni-43-101-mineral-resource-estimate-report-for-the-sherridon-cop--cb8e3ee6-2756-476b-88fa-c9c0e65306c0#fact-resource-facts-28) Sherridon Copper-Gold Zinc-Silver- Project · silver Historical result Needs review: historical\_restatement #### Identity - Project: Sherridon Copper-Gold Zinc-Silver- Project - Commodity: silver - Region: canada\_mb - Reported Region: Manitoba, Canada - Ticker: TWO #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Mr. Geoffrey Reed, Mr. Bengt Anders Hogrelius, Mr. Bouke van 't Riet - Resource group id: resource:bffb1befe47d515f8c90 - Deposit or zone: Jungle #### Resource Data - Category: indicated - Tonnes: 2310000 - Grade: 2.8 - Grade Unit: g/t - Cutoff Grade: 20 - Cutoff Unit: US$/t #### Prior Estimate - Resource Date: 2026-04-22 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2026-05-07T00:00:00.000Z #### Dates - Event date: 2026-06-26T00:00:00.000Z Reasoning: The indicated silver resource at Jungle OP is of weak grade, contributing to the overall polymetallic nature but not a primary driver. - Negative factor: Grade is weak for VMS silver deposits Evidence · table > 2.8 Context: 2.31 #### 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 **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/t2-metals-files-ni-43-101-mineral-resource-estimate-report-for-the-sherridon-cop--cb8e3ee6-2756-476b-88fa-c9c0e65306c0#fact-resource-facts-29) Sherridon Copper-Gold Zinc-Silver- Project · copper Historical result Needs review: historical\_restatement #### Identity - Project: Sherridon Copper-Gold Zinc-Silver- Project - Commodity: copper - Region: canada\_mb - Reported Region: Manitoba, Canada - Ticker: TWO #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Mr. Geoffrey Reed, Mr. Bengt Anders Hogrelius, Mr. Bouke van 't Riet - Resource group id: resource:bffb1befe47d515f8c90 - Deposit or zone: Jungle #### Resource Data - Category: indicated - Tonnes: 2310000 - Cutoff Grade: 20 - Cutoff Unit: US$/t #### Prior Estimate - Resource Date: 2026-04-22 #### Metal Equivalent - Metal Eq. Grade: 0.53 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2026-05-07T00:00:00.000Z #### Dates - Event date: 2026-06-26T00:00:00.000Z Reasoning: The copper equivalent grade for Jungle OP Indicated resource provides a consolidated view of the polymetallic value, indicating a moderate overall grade. - Positive factor: Copper equivalent grade provides a combined value for polymetallic mineralization Evidence · table > 0.53 Context: 2.31 #### 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 **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/t2-metals-files-ni-43-101-mineral-resource-estimate-report-for-the-sherridon-cop--cb8e3ee6-2756-476b-88fa-c9c0e65306c0#fact-resource-facts-30) Sherridon Copper-Gold Zinc-Silver- Project · copper Historical result Needs review: historical\_restatement #### Identity - Project: Sherridon Copper-Gold Zinc-Silver- Project - Commodity: copper - Region: canada\_mb - Reported Region: Manitoba, Canada - Ticker: TWO #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Mr. Geoffrey Reed, Mr. Bengt Anders Hogrelius, Mr. Bouke van 't Riet - Resource group id: resource:03ea54333e4e24f41e09 - Deposit or zone: Jungle #### Resource Data - Category: indicated - Tonnes: 650000 - Grade: 0.33 - Grade Unit: % - Contained Metal: 4.74 - Contained Unit: m lb - Cutoff Grade: 55 - Cutoff Unit: US$/t #### Prior Estimate - Resource Date: 2026-04-22 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2026-05-07T00:00:00.000Z #### Dates - Event date: 2026-06-26T00:00:00.000Z Reasoning: This indicated resource for copper at Jungle UG is of weak grade, which may be challenging for underground economic extraction. - Positive factor: Indicated category provides reasonable geological confidence - Negative factor: Grade is weak for VMS copper deposits in an underground scenario Evidence · table > 0.33 Context: 0.65 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/t2-metals-files-ni-43-101-mineral-resource-estimate-report-for-the-sherridon-cop--cb8e3ee6-2756-476b-88fa-c9c0e65306c0#fact-resource-facts-31) Sherridon Copper-Gold Zinc-Silver- Project · zinc Historical result Needs review: historical\_restatement #### Identity - Project: Sherridon Copper-Gold Zinc-Silver- Project - Commodity: zinc - Region: canada\_mb - Reported Region: Manitoba, Canada - Ticker: TWO #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Mr. Geoffrey Reed, Mr. Bengt Anders Hogrelius, Mr. Bouke van 't Riet - Resource group id: resource:03ea54333e4e24f41e09 - Deposit or zone: Jungle #### Resource Data - Category: indicated - Tonnes: 650000 - Grade: 1.58 - Grade Unit: % - Contained Metal: 22.7 - Contained Unit: m lb - Cutoff Grade: 55 - Cutoff Unit: US$/t #### Prior Estimate - Resource Date: 2026-04-22 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2026-05-07T00:00:00.000Z #### Dates - Event date: 2026-06-26T00:00:00.000Z Reasoning: The indicated zinc resource at Jungle UG is of moderate grade, providing a valuable polymetallic component to the resource. - Positive factor: Grade is moderate for VMS zinc deposits Evidence · table > 1.58 Context: 0.65 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/t2-metals-files-ni-43-101-mineral-resource-estimate-report-for-the-sherridon-cop--cb8e3ee6-2756-476b-88fa-c9c0e65306c0#fact-resource-facts-32) Sherridon Copper-Gold Zinc-Silver- Project · gold Historical result Needs review: historical\_restatement #### Identity - Project: Sherridon Copper-Gold Zinc-Silver- Project - Commodity: gold - Region: canada\_mb - Reported Region: Manitoba, Canada - Ticker: TWO #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Mr. Geoffrey Reed, Mr. Bengt Anders Hogrelius, Mr. Bouke van 't Riet - Resource group id: resource:03ea54333e4e24f41e09 - Deposit or zone: Jungle #### Resource Data - Category: indicated - Tonnes: 650000 - Grade: 0.09 - Grade Unit: g/t - Cutoff Grade: 55 - Cutoff Unit: US$/t #### Prior Estimate - Resource Date: 2026-04-22 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2026-05-07T00:00:00.000Z #### Dates - Event date: 2026-06-26T00:00:00.000Z Reasoning: The indicated gold resource at Jungle UG is of weak grade, contributing to the overall polymetallic nature but not a primary driver. - Negative factor: Grade is weak for VMS gold deposits Evidence · table > 0.09 Context: 0.65 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/t2-metals-files-ni-43-101-mineral-resource-estimate-report-for-the-sherridon-cop--cb8e3ee6-2756-476b-88fa-c9c0e65306c0#fact-resource-facts-33) Sherridon Copper-Gold Zinc-Silver- Project · silver Historical result Needs review: historical\_restatement #### Identity - Project: Sherridon Copper-Gold Zinc-Silver- Project - Commodity: silver - Region: canada\_mb - Reported Region: Manitoba, Canada - Ticker: TWO #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Mr. Geoffrey Reed, Mr. Bengt Anders Hogrelius, Mr. Bouke van 't Riet - Resource group id: resource:03ea54333e4e24f41e09 - Deposit or zone: Jungle #### Resource Data - Category: indicated - Tonnes: 650000 - Grade: 2.5 - Grade Unit: g/t - Cutoff Grade: 55 - Cutoff Unit: US$/t #### Prior Estimate - Resource Date: 2026-04-22 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2026-05-07T00:00:00.000Z #### Dates - Event date: 2026-06-26T00:00:00.000Z Reasoning: The indicated silver resource at Jungle UG is of weak grade, contributing to the overall polymetallic nature but not a primary driver. - Negative factor: Grade is weak for VMS silver deposits Evidence · table > 2.5 Context: 0.65 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/t2-metals-files-ni-43-101-mineral-resource-estimate-report-for-the-sherridon-cop--cb8e3ee6-2756-476b-88fa-c9c0e65306c0#fact-resource-facts-34) Sherridon Copper-Gold Zinc-Silver- Project · copper Historical result Needs review: historical\_restatement #### Identity - Project: Sherridon Copper-Gold Zinc-Silver- Project - Commodity: copper - Region: canada\_mb - Reported Region: Manitoba, Canada - Ticker: TWO #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Mr. Geoffrey Reed, Mr. Bengt Anders Hogrelius, Mr. Bouke van 't Riet - Resource group id: resource:03ea54333e4e24f41e09 - Deposit or zone: Jungle #### Resource Data - Category: indicated - Tonnes: 650000 - Cutoff Grade: 55 - Cutoff Unit: US$/t #### Prior Estimate - Resource Date: 2026-04-22 #### Metal Equivalent - Metal Eq. Grade: 1.17 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2026-05-07T00:00:00.000Z #### Dates - Event date: 2026-06-26T00:00:00.000Z Reasoning: The copper equivalent grade for Jungle UG Indicated resource provides a consolidated view of the polymetallic value, indicating a moderate overall grade. - Positive factor: Copper equivalent grade is moderate for VMS deposits - Positive factor: Copper equivalent grade provides a combined value for polymetallic mineralization Evidence · table > 1.17 Context: 0.65 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/t2-metals-files-ni-43-101-mineral-resource-estimate-report-for-the-sherridon-cop--cb8e3ee6-2756-476b-88fa-c9c0e65306c0#fact-resource-facts-35) Sherridon Copper-Gold Zinc-Silver- Project · copper Historical result Needs review: historical\_restatement #### Identity - Project: Sherridon Copper-Gold Zinc-Silver- Project - Commodity: copper - Region: canada\_mb - Reported Region: Manitoba, Canada - Ticker: TWO #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Mr. Geoffrey Reed, Mr. Bengt Anders Hogrelius, Mr. Bouke van 't Riet - Resource group id: resource:bca88baa176b0153adac - Deposit or zone: Total Indicated #### Resource Data - Category: indicated - Tonnes: 8080000 - Grade: 0.4 - Grade Unit: % - Contained Metal: 71.49 - Contained Unit: m lb - Cutoff Grade: 20 - Cutoff Unit: US$/t #### Prior Estimate - Resource Date: 2026-04-22 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2026-05-07T00:00:00.000Z #### Dates - Event date: 2026-06-26T00:00:00.000Z Reasoning: The total indicated open pit copper resource represents a significant portion of the overall resource with moderate grade and good confidence. - Positive factor: Indicated category provides reasonable geological confidence - Positive factor: Open pit mining method suggests lower operating costs - Negative factor: Grade is moderate for VMS copper deposits Evidence · table > 0.4 Context: 8.08 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/t2-metals-files-ni-43-101-mineral-resource-estimate-report-for-the-sherridon-cop--cb8e3ee6-2756-476b-88fa-c9c0e65306c0#fact-resource-facts-36) Sherridon Copper-Gold Zinc-Silver- Project · zinc Historical result Needs review: historical\_restatement #### Identity - Project: Sherridon Copper-Gold Zinc-Silver- Project - Commodity: zinc - Region: canada\_mb - Reported Region: Manitoba, Canada - Ticker: TWO #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Mr. Geoffrey Reed, Mr. Bengt Anders Hogrelius, Mr. Bouke van 't Riet - Resource group id: resource:bca88baa176b0153adac - Deposit or zone: Total Indicated #### Resource Data - Category: indicated - Tonnes: 8080000 - Grade: 0.8 - Grade Unit: % - Contained Metal: 142.2 - Contained Unit: m lb - Cutoff Grade: 20 - Cutoff Unit: US$/t #### Prior Estimate - Resource Date: 2026-04-22 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2026-05-07T00:00:00.000Z #### Dates - Event date: 2026-06-26T00:00:00.000Z Reasoning: The total indicated open pit zinc resource is of weak grade, contributing to the overall polymetallic nature but not a primary driver. - Negative factor: Grade is weak for VMS zinc deposits Evidence · table > 0.8 Context: 8.08 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/t2-metals-files-ni-43-101-mineral-resource-estimate-report-for-the-sherridon-cop--cb8e3ee6-2756-476b-88fa-c9c0e65306c0#fact-resource-facts-37) Sherridon Copper-Gold Zinc-Silver- Project · gold Historical result Needs review: historical\_restatement #### Identity - Project: Sherridon Copper-Gold Zinc-Silver- Project - Commodity: gold - Region: canada\_mb - Reported Region: Manitoba, Canada - Ticker: TWO #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Mr. Geoffrey Reed, Mr. Bengt Anders Hogrelius, Mr. Bouke van 't Riet - Resource group id: resource:bca88baa176b0153adac - Deposit or zone: Total Indicated #### Resource Data - Category: indicated - Tonnes: 8080000 - Grade: 0.3 - Grade Unit: g/t - Cutoff Grade: 20 - Cutoff Unit: US$/t #### Prior Estimate - Resource Date: 2026-04-22 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2026-05-07T00:00:00.000Z #### Dates - Event date: 2026-06-26T00:00:00.000Z Reasoning: The total indicated open pit gold resource is of weak grade, contributing to the overall polymetallic nature but not a primary driver. - Negative factor: Grade is weak for VMS gold deposits Evidence · table > 0.3 Context: 8.08 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/t2-metals-files-ni-43-101-mineral-resource-estimate-report-for-the-sherridon-cop--cb8e3ee6-2756-476b-88fa-c9c0e65306c0#fact-resource-facts-38) Sherridon Copper-Gold Zinc-Silver- Project · silver Historical result Needs review: historical\_restatement #### Identity - Project: Sherridon Copper-Gold Zinc-Silver- Project - Commodity: silver - Region: canada\_mb - Reported Region: Manitoba, Canada - Ticker: TWO #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Mr. Geoffrey Reed, Mr. Bengt Anders Hogrelius, Mr. Bouke van 't Riet - Resource group id: resource:bca88baa176b0153adac - Deposit or zone: Total Indicated #### Resource Data - Category: indicated - Tonnes: 8080000 - Grade: 4.8 - Grade Unit: g/t - Cutoff Grade: 20 - Cutoff Unit: US$/t #### Prior Estimate - Resource Date: 2026-04-22 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2026-05-07T00:00:00.000Z #### Dates - Event date: 2026-06-26T00:00:00.000Z Reasoning: The total indicated open pit silver resource is of weak grade, contributing to the overall polymetallic nature but not a primary driver. - Negative factor: Grade is weak for VMS silver deposits Evidence · table > 4.8 Context: 8.08 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/t2-metals-files-ni-43-101-mineral-resource-estimate-report-for-the-sherridon-cop--cb8e3ee6-2756-476b-88fa-c9c0e65306c0#fact-resource-facts-39) Sherridon Copper-Gold Zinc-Silver- Project · copper Historical result Needs review: historical\_restatement #### Identity - Project: Sherridon Copper-Gold Zinc-Silver- Project - Commodity: copper - Region: canada\_mb - Reported Region: Manitoba, Canada - Ticker: TWO #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Mr. Geoffrey Reed, Mr. Bengt Anders Hogrelius, Mr. Bouke van 't Riet - Resource group id: resource:bca88baa176b0153adac - Deposit or zone: Total Indicated #### Resource Data - Category: indicated - Tonnes: 8080000 - Cutoff Grade: 20 - Cutoff Unit: US$/t #### Prior Estimate - Resource Date: 2026-04-22 #### Metal Equivalent - Metal Eq. Grade: 1 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2026-05-07T00:00:00.000Z #### Dates - Event date: 2026-06-26T00:00:00.000Z Reasoning: The total indicated open pit copper equivalent resource provides a consolidated view of the polymetallic value, indicating a moderate overall grade. - Positive factor: Copper equivalent grade provides a combined value for polymetallic mineralization Evidence · table > 1.00 Context: 8.08 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/t2-metals-files-ni-43-101-mineral-resource-estimate-report-for-the-sherridon-cop--cb8e3ee6-2756-476b-88fa-c9c0e65306c0#fact-resource-facts-40) Sherridon Copper-Gold Zinc-Silver- Project · copper Historical result Needs review: historical\_restatement #### Identity - Project: Sherridon Copper-Gold Zinc-Silver- Project - Commodity: copper - Region: canada\_mb - Reported Region: Manitoba, Canada - Ticker: TWO #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Mr. Geoffrey Reed, Mr. Bengt Anders Hogrelius, Mr. Bouke van 't Riet - Resource group id: resource:e47606334efa76d0d3f1 - Deposit or zone: Total Indicated #### Resource Data - Category: indicated - Tonnes: 1960000 - Grade: 0.3 - Grade Unit: % - Contained Metal: 14.38 - Contained Unit: m lb - Cutoff Grade: 55 - Cutoff Unit: US$/t #### Prior Estimate - Resource Date: 2026-04-22 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2026-05-07T00:00:00.000Z #### Dates - Event date: 2026-06-26T00:00:00.000Z Reasoning: The total indicated underground copper resource is of weak grade, which may be challenging for underground economic extraction. - Positive factor: Indicated category provides reasonable geological confidence - Negative factor: Grade is weak for VMS copper deposits in an underground scenario Evidence · table > 0.3 Context: 1.96 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/t2-metals-files-ni-43-101-mineral-resource-estimate-report-for-the-sherridon-cop--cb8e3ee6-2756-476b-88fa-c9c0e65306c0#fact-resource-facts-41) Sherridon Copper-Gold Zinc-Silver- Project · zinc Historical result Needs review: historical\_restatement #### Identity - Project: Sherridon Copper-Gold Zinc-Silver- Project - Commodity: zinc - Region: canada\_mb - Reported Region: Manitoba, Canada - Ticker: TWO #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Mr. Geoffrey Reed, Mr. Bengt Anders Hogrelius, Mr. Bouke van 't Riet - Resource group id: resource:e47606334efa76d0d3f1 - Deposit or zone: Total Indicated #### Resource Data - Category: indicated - Tonnes: 1960000 - Grade: 0.9 - Grade Unit: % - Contained Metal: 40.7 - Contained Unit: m lb - Cutoff Grade: 55 - Cutoff Unit: US$/t #### Prior Estimate - Resource Date: 2026-04-22 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2026-05-07T00:00:00.000Z #### Dates - Event date: 2026-06-26T00:00:00.000Z Reasoning: The total indicated underground zinc resource is of weak grade, contributing to the overall polymetallic nature but not a primary driver. - Negative factor: Grade is weak for VMS zinc deposits Evidence · table > 0.9 Context: 1.96 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/t2-metals-files-ni-43-101-mineral-resource-estimate-report-for-the-sherridon-cop--cb8e3ee6-2756-476b-88fa-c9c0e65306c0#fact-resource-facts-42) Sherridon Copper-Gold Zinc-Silver- Project · gold Historical result Needs review: historical\_restatement #### Identity - Project: Sherridon Copper-Gold Zinc-Silver- Project - Commodity: gold - Region: canada\_mb - Reported Region: Manitoba, Canada - Ticker: TWO #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Mr. Geoffrey Reed, Mr. Bengt Anders Hogrelius, Mr. Bouke van 't Riet - Resource group id: resource:e47606334efa76d0d3f1 - Deposit or zone: Total Indicated #### Resource Data - Category: indicated - Tonnes: 1960000 - Grade: 0.3 - Grade Unit: g/t - Cutoff Grade: 55 - Cutoff Unit: US$/t #### Prior Estimate - Resource Date: 2026-04-22 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2026-05-07T00:00:00.000Z #### Dates - Event date: 2026-06-26T00:00:00.000Z Reasoning: The total indicated underground gold resource is of weak grade, contributing to the overall polymetallic nature but not a primary driver. - Negative factor: Grade is weak for VMS gold deposits Evidence · table > 0.3 Context: 1.96 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/t2-metals-files-ni-43-101-mineral-resource-estimate-report-for-the-sherridon-cop--cb8e3ee6-2756-476b-88fa-c9c0e65306c0#fact-resource-facts-43) Sherridon Copper-Gold Zinc-Silver- Project · silver Historical result Needs review: historical\_restatement #### Identity - Project: Sherridon Copper-Gold Zinc-Silver- Project - Commodity: silver - Region: canada\_mb - Reported Region: Manitoba, Canada - Ticker: TWO #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Mr. Geoffrey Reed, Mr. Bengt Anders Hogrelius, Mr. Bouke van 't Riet - Resource group id: resource:e47606334efa76d0d3f1 - Deposit or zone: Total Indicated #### Resource Data - Category: indicated - Tonnes: 1960000 - Grade: 4.5 - Grade Unit: g/t - Cutoff Grade: 55 - Cutoff Unit: US$/t #### Prior Estimate - Resource Date: 2026-04-22 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2026-05-07T00:00:00.000Z #### Dates - Event date: 2026-06-26T00:00:00.000Z Reasoning: The total indicated underground silver resource is of weak grade, contributing to the overall polymetallic nature but not a primary driver. - Negative factor: Grade is weak for VMS silver deposits Evidence · table > 4.5 Context: 1.96 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/t2-metals-files-ni-43-101-mineral-resource-estimate-report-for-the-sherridon-cop--cb8e3ee6-2756-476b-88fa-c9c0e65306c0#fact-resource-facts-44) Sherridon Copper-Gold Zinc-Silver- Project · copper Historical result Needs review: historical\_restatement #### Identity - Project: Sherridon Copper-Gold Zinc-Silver- Project - Commodity: copper - Region: canada\_mb - Reported Region: Manitoba, Canada - Ticker: TWO #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Mr. Geoffrey Reed, Mr. Bengt Anders Hogrelius, Mr. Bouke van 't Riet - Resource group id: resource:e47606334efa76d0d3f1 - Deposit or zone: Total Indicated #### Resource Data - Category: indicated - Tonnes: 1960000 - Cutoff Grade: 55 - Cutoff Unit: US$/t #### Prior Estimate - Resource Date: 2026-04-22 #### Metal Equivalent - Metal Eq. Grade: 1 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2026-05-07T00:00:00.000Z #### Dates - Event date: 2026-06-26T00:00:00.000Z Reasoning: The total indicated underground copper equivalent resource provides a consolidated view of the polymetallic value, indicating a moderate overall grade. - Positive factor: Copper equivalent grade provides a combined value for polymetallic mineralization Evidence · table > 1.00 Context: 1.96 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/t2-metals-files-ni-43-101-mineral-resource-estimate-report-for-the-sherridon-cop--cb8e3ee6-2756-476b-88fa-c9c0e65306c0#fact-resource-facts-45) Sherridon Copper-Gold Zinc-Silver- Project · copper Historical result Needs review: historical\_restatement #### Identity - Project: Sherridon Copper-Gold Zinc-Silver- Project - Commodity: copper - Region: canada\_mb - Reported Region: Manitoba, Canada - Ticker: TWO #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Mr. Geoffrey Reed, Mr. Bengt Anders Hogrelius, Mr. Bouke van 't Riet - Resource group id: resource:8b6d809dbd9be7f5d4fc - Deposit or zone: Cold Lake #### Resource Data - Category: inferred - Tonnes: 420000 - Grade: 1.42 - Grade Unit: % - Contained Metal: 13.14 - Contained Unit: m lb - Cutoff Grade: 20 - Cutoff Unit: US$/t #### Prior Estimate - Resource Date: 2026-04-22 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2026-05-07T00:00:00.000Z #### Dates - Event date: 2026-06-26T00:00:00.000Z Reasoning: This inferred resource for copper at Cold Lake OP shows strong grade, but the inferred category means lower confidence for economic studies. - Positive factor: Grade is strong for VMS copper deposits - Positive factor: Open pit mining method suggests lower operating costs - Negative factor: Inferred category indicates lower geological confidence Evidence · table > 1.42 Context: 0.42 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/t2-metals-files-ni-43-101-mineral-resource-estimate-report-for-the-sherridon-cop--cb8e3ee6-2756-476b-88fa-c9c0e65306c0#fact-resource-facts-46) Sherridon Copper-Gold Zinc-Silver- Project · zinc Historical result Needs review: historical\_restatement #### Identity - Project: Sherridon Copper-Gold Zinc-Silver- Project - Commodity: zinc - Region: canada\_mb - Reported Region: Manitoba, Canada - Ticker: TWO #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Mr. Geoffrey Reed, Mr. Bengt Anders Hogrelius, Mr. Bouke van 't Riet - Resource group id: resource:8b6d809dbd9be7f5d4fc - Deposit or zone: Cold Lake #### Resource Data - Category: inferred - Tonnes: 420000 - Grade: 2.08 - Grade Unit: % - Contained Metal: 19.24 - Contained Unit: m lb - Cutoff Grade: 20 - Cutoff Unit: US$/t #### Prior Estimate - Resource Date: 2026-04-22 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2026-05-07T00:00:00.000Z #### Dates - Event date: 2026-06-26T00:00:00.000Z Reasoning: The inferred zinc resource at Cold Lake OP is of moderate grade, providing a valuable polymetallic component, but with lower confidence. - Positive factor: Grade is moderate for VMS zinc deposits - Negative factor: Inferred category indicates lower geological confidence Evidence · table > 2.08 Context: 0.42 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/t2-metals-files-ni-43-101-mineral-resource-estimate-report-for-the-sherridon-cop--cb8e3ee6-2756-476b-88fa-c9c0e65306c0#fact-resource-facts-47) Sherridon Copper-Gold Zinc-Silver- Project · gold Historical result Needs review: historical\_restatement #### Identity - Project: Sherridon Copper-Gold Zinc-Silver- Project - Commodity: gold - Region: canada\_mb - Reported Region: Manitoba, Canada - Ticker: TWO #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Mr. Geoffrey Reed, Mr. Bengt Anders Hogrelius, Mr. Bouke van 't Riet - Resource group id: resource:8b6d809dbd9be7f5d4fc - Deposit or zone: Cold Lake #### Resource Data - Category: inferred - Tonnes: 420000 - Grade: 0.34 - Grade Unit: g/t - Cutoff Grade: 20 - Cutoff Unit: US$/t #### Prior Estimate - Resource Date: 2026-04-22 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2026-05-07T00:00:00.000Z #### Dates - Event date: 2026-06-26T00:00:00.000Z Reasoning: The inferred gold resource at Cold Lake OP is of weak grade and lower confidence, contributing to the overall polymetallic nature but not a primary driver. - Negative factor: Grade is weak for VMS gold deposits - Negative factor: Inferred category indicates lower geological confidence Evidence · table > 0.34 Context: 0.42 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/t2-metals-files-ni-43-101-mineral-resource-estimate-report-for-the-sherridon-cop--cb8e3ee6-2756-476b-88fa-c9c0e65306c0#fact-resource-facts-48) Sherridon Copper-Gold Zinc-Silver- Project · silver Historical result Needs review: historical\_restatement #### Identity - Project: Sherridon Copper-Gold Zinc-Silver- Project - Commodity: silver - Region: canada\_mb - Reported Region: Manitoba, Canada - Ticker: TWO #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Mr. Geoffrey Reed, Mr. Bengt Anders Hogrelius, Mr. Bouke van 't Riet - Resource group id: resource:8b6d809dbd9be7f5d4fc - Deposit or zone: Cold Lake #### Resource Data - Category: inferred - Tonnes: 420000 - Grade: 21 - Grade Unit: g/t - Cutoff Grade: 20 - Cutoff Unit: US$/t #### Prior Estimate - Resource Date: 2026-04-22 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2026-05-07T00:00:00.000Z #### Dates - Event date: 2026-06-26T00:00:00.000Z Reasoning: The inferred silver resource at Cold Lake OP is of weak grade and lower confidence, contributing to the overall polymetallic nature but not a primary driver. - Negative factor: Grade is weak for VMS silver deposits - Negative factor: Inferred category indicates lower geological confidence Evidence · table > 21.0 Context: 0.42 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/t2-metals-files-ni-43-101-mineral-resource-estimate-report-for-the-sherridon-cop--cb8e3ee6-2756-476b-88fa-c9c0e65306c0#fact-resource-facts-49) Sherridon Copper-Gold Zinc-Silver- Project · copper Historical result Needs review: historical\_restatement #### Identity - Project: Sherridon Copper-Gold Zinc-Silver- Project - Commodity: copper - Region: canada\_mb - Reported Region: Manitoba, Canada - Ticker: TWO #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Mr. Geoffrey Reed, Mr. Bengt Anders Hogrelius, Mr. Bouke van 't Riet - Resource group id: resource:8b6d809dbd9be7f5d4fc - Deposit or zone: Cold Lake #### Resource Data - Category: inferred - Tonnes: 420000 - Cutoff Grade: 20 - Cutoff Unit: US$/t #### Prior Estimate - Resource Date: 2026-04-22 #### Metal Equivalent - Metal Eq. Grade: 2.7 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2026-05-07T00:00:00.000Z #### Dates - Event date: 2026-06-26T00:00:00.000Z Reasoning: The copper equivalent grade for Cold Lake OP Inferred resource is strong, indicating significant overall polymetallic value, but with lower confidence. - Positive factor: Copper equivalent grade is strong for VMS deposits - Positive factor: Copper equivalent grade provides a combined value for polymetallic mineralization - Negative factor: Inferred category indicates lower geological confidence Evidence · table > 2.70 Context: 0.42 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/t2-metals-files-ni-43-101-mineral-resource-estimate-report-for-the-sherridon-cop--cb8e3ee6-2756-476b-88fa-c9c0e65306c0#fact-resource-facts-50) Sherridon Copper-Gold Zinc-Silver- Project · copper Historical result Needs review: historical\_restatement #### Identity - Project: Sherridon Copper-Gold Zinc-Silver- Project - Commodity: copper - Region: canada\_mb - Reported Region: Manitoba, Canada - Ticker: TWO #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Mr. Geoffrey Reed, Mr. Bengt Anders Hogrelius, Mr. Bouke van 't Riet - Resource group id: resource:0628ab06b1bcb954ddfb - Deposit or zone: Lost Lake #### Resource Data - Category: inferred - Tonnes: 480000 - Grade: 1.38 - Grade Unit: % - Contained Metal: 14.44 - Contained Unit: m lb - Cutoff Grade: 20 - Cutoff Unit: US$/t #### Prior Estimate - Resource Date: 2026-04-22 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2026-05-07T00:00:00.000Z #### Dates - Event date: 2026-06-26T00:00:00.000Z Reasoning: This inferred resource for copper at Lost Lake OP shows strong grade, but the inferred category means lower confidence for economic studies. - Positive factor: Grade is strong for VMS copper deposits - Positive factor: Open pit mining method suggests lower operating costs - Negative factor: Inferred category indicates lower geological confidence Evidence · table > 1.38 Context: 0.48 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/t2-metals-files-ni-43-101-mineral-resource-estimate-report-for-the-sherridon-cop--cb8e3ee6-2756-476b-88fa-c9c0e65306c0#fact-resource-facts-51) Sherridon Copper-Gold Zinc-Silver- Project · zinc Historical result Needs review: historical\_restatement #### Identity - Project: Sherridon Copper-Gold Zinc-Silver- Project - Commodity: zinc - Region: canada\_mb - Reported Region: Manitoba, Canada - Ticker: TWO #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Mr. Geoffrey Reed, Mr. Bengt Anders Hogrelius, Mr. Bouke van 't Riet - Resource group id: resource:0628ab06b1bcb954ddfb - Deposit or zone: Lost Lake #### Resource Data - Category: inferred - Tonnes: 480000 - Grade: 3.31 - Grade Unit: % - Contained Metal: 34.61 - Contained Unit: m lb - Cutoff Grade: 20 - Cutoff Unit: US$/t #### Prior Estimate - Resource Date: 2026-04-22 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2026-05-07T00:00:00.000Z #### Dates - Event date: 2026-06-26T00:00:00.000Z Reasoning: The inferred zinc resource at Lost Lake OP is of strong grade, providing a valuable polymetallic component, but with lower confidence. - Positive factor: Grade is strong for VMS zinc deposits - Negative factor: Inferred category indicates lower geological confidence Evidence · table > 3.31 Context: 0.48 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/t2-metals-files-ni-43-101-mineral-resource-estimate-report-for-the-sherridon-cop--cb8e3ee6-2756-476b-88fa-c9c0e65306c0#fact-resource-facts-52) Sherridon Copper-Gold Zinc-Silver- Project · gold Historical result Needs review: historical\_restatement #### Identity - Project: Sherridon Copper-Gold Zinc-Silver- Project - Commodity: gold - Region: canada\_mb - Reported Region: Manitoba, Canada - Ticker: TWO #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Mr. Geoffrey Reed, Mr. Bengt Anders Hogrelius, Mr. Bouke van 't Riet - Resource group id: resource:0628ab06b1bcb954ddfb - Deposit or zone: Lost Lake #### Resource Data - Category: inferred - Tonnes: 480000 - Grade: 0.76 - Grade Unit: g/t - Cutoff Grade: 20 - Cutoff Unit: US$/t #### Prior Estimate - Resource Date: 2026-04-22 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2026-05-07T00:00:00.000Z #### Dates - Event date: 2026-06-26T00:00:00.000Z Reasoning: The inferred gold resource at Lost Lake OP is of weak grade and lower confidence, contributing to the overall polymetallic nature but not a primary driver. - Negative factor: Grade is weak for VMS gold deposits - Negative factor: Inferred category indicates lower geological confidence Evidence · table > 0.76 Context: 0.48 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/t2-metals-files-ni-43-101-mineral-resource-estimate-report-for-the-sherridon-cop--cb8e3ee6-2756-476b-88fa-c9c0e65306c0#fact-resource-facts-53) Sherridon Copper-Gold Zinc-Silver- Project · silver Historical result Needs review: historical\_restatement #### Identity - Project: Sherridon Copper-Gold Zinc-Silver- Project - Commodity: silver - Region: canada\_mb - Reported Region: Manitoba, Canada - Ticker: TWO #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Mr. Geoffrey Reed, Mr. Bengt Anders Hogrelius, Mr. Bouke van 't Riet - Resource group id: resource:0628ab06b1bcb954ddfb - Deposit or zone: Lost Lake #### Resource Data - Category: inferred - Tonnes: 480000 - Grade: 17 - Grade Unit: g/t - Cutoff Grade: 20 - Cutoff Unit: US$/t #### Prior Estimate - Resource Date: 2026-04-22 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2026-05-07T00:00:00.000Z #### Dates - Event date: 2026-06-26T00:00:00.000Z Reasoning: The inferred silver resource at Lost Lake OP is of weak grade and lower confidence, contributing to the overall polymetallic nature but not a primary driver. - Negative factor: Grade is weak for VMS silver deposits - Negative factor: Inferred category indicates lower geological confidence Evidence · table > 17.0 Context: 0.48 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/t2-metals-files-ni-43-101-mineral-resource-estimate-report-for-the-sherridon-cop--cb8e3ee6-2756-476b-88fa-c9c0e65306c0#fact-resource-facts-54) Sherridon Copper-Gold Zinc-Silver- Project · copper Historical result Needs review: historical\_restatement #### Identity - Project: Sherridon Copper-Gold Zinc-Silver- Project - Commodity: copper - Region: canada\_mb - Reported Region: Manitoba, Canada - Ticker: TWO #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Mr. Geoffrey Reed, Mr. Bengt Anders Hogrelius, Mr. Bouke van 't Riet - Resource group id: resource:0628ab06b1bcb954ddfb - Deposit or zone: Lost Lake #### Resource Data - Category: inferred - Tonnes: 480000 - Cutoff Grade: 20 - Cutoff Unit: US$/t #### Prior Estimate - Resource Date: 2026-04-22 #### Metal Equivalent - Metal Eq. Grade: 3.5 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2026-05-07T00:00:00.000Z #### Dates - Event date: 2026-06-26T00:00:00.000Z Reasoning: The copper equivalent grade for Lost Lake OP Inferred resource is exceptional, indicating significant overall polymetallic value, but with lower confidence. - Positive factor: Copper equivalent grade is exceptional for VMS deposits - Positive factor: Copper equivalent grade provides a combined value for polymetallic mineralization - Negative factor: Inferred category indicates lower geological confidence Evidence · table > 3.50 Context: 0.48 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/t2-metals-files-ni-43-101-mineral-resource-estimate-report-for-the-sherridon-cop--cb8e3ee6-2756-476b-88fa-c9c0e65306c0#fact-resource-facts-55) Sherridon Copper-Gold Zinc-Silver- Project · copper Historical result Needs review: historical\_restatement #### Identity - Project: Sherridon Copper-Gold Zinc-Silver- Project - Commodity: copper - Region: canada\_mb - Reported Region: Manitoba, Canada - Ticker: TWO #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Mr. Geoffrey Reed, Mr. Bengt Anders Hogrelius, Mr. Bouke van 't Riet - Resource group id: resource:431d837f4cedbc83bd4d - Deposit or zone: Bob #### Resource Data - Category: inferred - Tonnes: 5820000 - Grade: 0.97 - Grade Unit: % - Contained Metal: 124.4 - Contained Unit: m lb - Cutoff Grade: 20 - Cutoff Unit: US$/t #### Prior Estimate - Resource Date: 2026-04-22 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2026-05-07T00:00:00.000Z #### Dates - Event date: 2026-06-26T00:00:00.000Z Reasoning: This inferred resource for copper at Bob OP shows strong grade, but the inferred category means lower confidence for economic studies. - Positive factor: Grade is strong for VMS copper deposits - Positive factor: Open pit mining method suggests lower operating costs - Negative factor: Inferred category indicates lower geological confidence Evidence · table > 0.97 Context: 5.82 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/t2-metals-files-ni-43-101-mineral-resource-estimate-report-for-the-sherridon-cop--cb8e3ee6-2756-476b-88fa-c9c0e65306c0#fact-resource-facts-56) Sherridon Copper-Gold Zinc-Silver- Project · zinc Historical result Needs review: historical\_restatement #### Identity - Project: Sherridon Copper-Gold Zinc-Silver- Project - Commodity: zinc - Region: canada\_mb - Reported Region: Manitoba, Canada - Ticker: TWO #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Mr. Geoffrey Reed, Mr. Bengt Anders Hogrelius, Mr. Bouke van 't Riet - Resource group id: resource:431d837f4cedbc83bd4d - Deposit or zone: Bob #### Resource Data - Category: inferred - Tonnes: 5820000 - Grade: 0.8 - Grade Unit: % - Contained Metal: 102.73 - Contained Unit: m lb - Cutoff Grade: 20 - Cutoff Unit: US$/t #### Prior Estimate - Resource Date: 2026-04-22 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2026-05-07T00:00:00.000Z #### Dates - Event date: 2026-06-26T00:00:00.000Z Reasoning: The inferred zinc resource at Bob OP is of weak grade and lower confidence, contributing to the overall polymetallic nature but not a primary driver. - Negative factor: Grade is weak for VMS zinc deposits - Negative factor: Inferred category indicates lower geological confidence Evidence · table > 0.80 Context: 5.82 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/t2-metals-files-ni-43-101-mineral-resource-estimate-report-for-the-sherridon-cop--cb8e3ee6-2756-476b-88fa-c9c0e65306c0#fact-resource-facts-57) Sherridon Copper-Gold Zinc-Silver- Project · gold Historical result Needs review: historical\_restatement #### Identity - Project: Sherridon Copper-Gold Zinc-Silver- Project - Commodity: gold - Region: canada\_mb - Reported Region: Manitoba, Canada - Ticker: TWO #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Mr. Geoffrey Reed, Mr. Bengt Anders Hogrelius, Mr. Bouke van 't Riet - Resource group id: resource:431d837f4cedbc83bd4d - Deposit or zone: Bob #### Resource Data - Category: inferred - Tonnes: 5820000 - Grade: 0.28 - Grade Unit: g/t - Cutoff Grade: 20 - Cutoff Unit: US$/t #### Prior Estimate - Resource Date: 2026-04-22 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2026-05-07T00:00:00.000Z #### Dates - Event date: 2026-06-26T00:00:00.000Z Reasoning: The inferred gold resource at Bob OP is of weak grade and lower confidence, contributing to the overall polymetallic nature but not a primary driver. - Negative factor: Grade is weak for VMS gold deposits - Negative factor: Inferred category indicates lower geological confidence Evidence · table > 0.28 Context: 5.82 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/t2-metals-files-ni-43-101-mineral-resource-estimate-report-for-the-sherridon-cop--cb8e3ee6-2756-476b-88fa-c9c0e65306c0#fact-resource-facts-58) Sherridon Copper-Gold Zinc-Silver- Project · silver Historical result Needs review: historical\_restatement #### Identity - Project: Sherridon Copper-Gold Zinc-Silver- Project - Commodity: silver - Region: canada\_mb - Reported Region: Manitoba, Canada - Ticker: TWO #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Mr. Geoffrey Reed, Mr. Bengt Anders Hogrelius, Mr. Bouke van 't Riet - Resource group id: resource:431d837f4cedbc83bd4d - Deposit or zone: Bob #### Resource Data - Category: inferred - Tonnes: 5820000 - Grade: 6 - Grade Unit: g/t - Cutoff Grade: 20 - Cutoff Unit: US$/t #### Prior Estimate - Resource Date: 2026-04-22 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2026-05-07T00:00:00.000Z #### Dates - Event date: 2026-06-26T00:00:00.000Z Reasoning: The inferred silver resource at Bob OP is of weak grade and lower confidence, contributing to the overall polymetallic nature but not a primary driver. - Negative factor: Grade is weak for VMS silver deposits - Negative factor: Inferred category indicates lower geological confidence Evidence · table > 6.0 Context: 5.82 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/t2-metals-files-ni-43-101-mineral-resource-estimate-report-for-the-sherridon-cop--cb8e3ee6-2756-476b-88fa-c9c0e65306c0#fact-resource-facts-59) Sherridon Copper-Gold Zinc-Silver- Project · copper Historical result Needs review: historical\_restatement #### Identity - Project: Sherridon Copper-Gold Zinc-Silver- Project - Commodity: copper - Region: canada\_mb - Reported Region: Manitoba, Canada - Ticker: TWO #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Mr. Geoffrey Reed, Mr. Bengt Anders Hogrelius, Mr. Bouke van 't Riet - Resource group id: resource:431d837f4cedbc83bd4d - Deposit or zone: Bob #### Resource Data - Category: inferred - Tonnes: 5820000 - Cutoff Grade: 20 - Cutoff Unit: US$/t #### Prior Estimate - Resource Date: 2026-04-22 #### Metal Equivalent - Metal Eq. Grade: 1.5 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2026-05-07T00:00:00.000Z #### Dates - Event date: 2026-06-26T00:00:00.000Z Reasoning: The copper equivalent grade for Bob OP Inferred resource is strong, indicating significant overall polymetallic value, but with lower confidence. - Positive factor: Copper equivalent grade is strong for VMS deposits - Positive factor: Copper equivalent grade provides a combined value for polymetallic mineralization - Negative factor: Inferred category indicates lower geological confidence Evidence · table > 1.50 Context: 5.82 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/t2-metals-files-ni-43-101-mineral-resource-estimate-report-for-the-sherridon-cop--cb8e3ee6-2756-476b-88fa-c9c0e65306c0#fact-resource-facts-60) Sherridon Copper-Gold Zinc-Silver- Project · copper Historical result Needs review: historical\_restatement #### Identity - Project: Sherridon Copper-Gold Zinc-Silver- Project - Commodity: copper - Region: canada\_mb - Reported Region: Manitoba, Canada - Ticker: TWO #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Mr. Geoffrey Reed, Mr. Bengt Anders Hogrelius, Mr. Bouke van 't Riet - Resource group id: resource:b5998b9c8b6831384654 - Deposit or zone: Bob #### Resource Data - Category: inferred - Tonnes: 4190000 - Grade: 1.04 - Grade Unit: % - Contained Metal: 95.94 - Contained Unit: m lb - Cutoff Grade: 55 - Cutoff Unit: US$/t #### Prior Estimate - Resource Date: 2026-04-22 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2026-05-07T00:00:00.000Z #### Dates - Event date: 2026-06-26T00:00:00.000Z Reasoning: This inferred resource for copper at Bob UG shows strong grade, but the inferred category means lower confidence for economic studies. - Positive factor: Grade is strong for VMS copper deposits - Negative factor: Inferred category indicates lower geological confidence Evidence · table > 1.04 Context: 4.19 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/t2-metals-files-ni-43-101-mineral-resource-estimate-report-for-the-sherridon-cop--cb8e3ee6-2756-476b-88fa-c9c0e65306c0#fact-resource-facts-61) Sherridon Copper-Gold Zinc-Silver- Project · zinc Historical result Needs review: historical\_restatement #### Identity - Project: Sherridon Copper-Gold Zinc-Silver- Project - Commodity: zinc - Region: canada\_mb - Reported Region: Manitoba, Canada - Ticker: TWO #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Mr. Geoffrey Reed, Mr. Bengt Anders Hogrelius, Mr. Bouke van 't Riet - Resource group id: resource:b5998b9c8b6831384654 - Deposit or zone: Bob #### Resource Data - Category: inferred - Tonnes: 4190000 - Grade: 0.96 - Grade Unit: % - Contained Metal: 88.56 - Contained Unit: m lb - Cutoff Grade: 55 - Cutoff Unit: US$/t #### Prior Estimate - Resource Date: 2026-04-22 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2026-05-07T00:00:00.000Z #### Dates - Event date: 2026-06-26T00:00:00.000Z Reasoning: The inferred zinc resource at Bob UG is of weak grade and lower confidence, contributing to the overall polymetallic nature but not a primary driver. - Negative factor: Grade is weak for VMS zinc deposits - Negative factor: Inferred category indicates lower geological confidence Evidence · table > 0.96 Context: 4.19 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/t2-metals-files-ni-43-101-mineral-resource-estimate-report-for-the-sherridon-cop--cb8e3ee6-2756-476b-88fa-c9c0e65306c0#fact-resource-facts-62) Sherridon Copper-Gold Zinc-Silver- Project · gold Historical result Needs review: historical\_restatement #### Identity - Project: Sherridon Copper-Gold Zinc-Silver- Project - Commodity: gold - Region: canada\_mb - Reported Region: Manitoba, Canada - Ticker: TWO #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Mr. Geoffrey Reed, Mr. Bengt Anders Hogrelius, Mr. Bouke van 't Riet - Resource group id: resource:b5998b9c8b6831384654 - Deposit or zone: Bob #### Resource Data - Category: inferred - Tonnes: 4190000 - Grade: 0.3 - Grade Unit: g/t - Cutoff Grade: 55 - Cutoff Unit: US$/t #### Prior Estimate - Resource Date: 2026-04-22 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2026-05-07T00:00:00.000Z #### Dates - Event date: 2026-06-26T00:00:00.000Z Reasoning: The inferred gold resource at Bob UG is of weak grade and lower confidence, contributing to the overall polymetallic nature but not a primary driver. - Negative factor: Grade is weak for VMS gold deposits - Negative factor: Inferred category indicates lower geological confidence Evidence · table > 0.30 Context: 4.19 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/t2-metals-files-ni-43-101-mineral-resource-estimate-report-for-the-sherridon-cop--cb8e3ee6-2756-476b-88fa-c9c0e65306c0#fact-resource-facts-63) Sherridon Copper-Gold Zinc-Silver- Project · silver Historical result Needs review: historical\_restatement #### Identity - Project: Sherridon Copper-Gold Zinc-Silver- Project - Commodity: silver - Region: canada\_mb - Reported Region: Manitoba, Canada - Ticker: TWO #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Mr. Geoffrey Reed, Mr. Bengt Anders Hogrelius, Mr. Bouke van 't Riet - Resource group id: resource:b5998b9c8b6831384654 - Deposit or zone: Bob #### Resource Data - Category: inferred - Tonnes: 4190000 - Grade: 7.3 - Grade Unit: g/t - Cutoff Grade: 55 - Cutoff Unit: US$/t #### Prior Estimate - Resource Date: 2026-04-22 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2026-05-07T00:00:00.000Z #### Dates - Event date: 2026-06-26T00:00:00.000Z Reasoning: The inferred silver resource at Bob UG is of weak grade and lower confidence, contributing to the overall polymetallic nature but not a primary driver. - Negative factor: Grade is weak for VMS silver deposits - Negative factor: Inferred category indicates lower geological confidence Evidence · table > 7.3 Context: 4.19 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/t2-metals-files-ni-43-101-mineral-resource-estimate-report-for-the-sherridon-cop--cb8e3ee6-2756-476b-88fa-c9c0e65306c0#fact-resource-facts-64) Sherridon Copper-Gold Zinc-Silver- Project · copper Historical result Needs review: historical\_restatement #### Identity - Project: Sherridon Copper-Gold Zinc-Silver- Project - Commodity: copper - Region: canada\_mb - Reported Region: Manitoba, Canada - Ticker: TWO #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Mr. Geoffrey Reed, Mr. Bengt Anders Hogrelius, Mr. Bouke van 't Riet - Resource group id: resource:b5998b9c8b6831384654 - Deposit or zone: Bob #### Resource Data - Category: inferred - Tonnes: 4190000 - Cutoff Grade: 55 - Cutoff Unit: US$/t #### Prior Estimate - Resource Date: 2026-04-22 #### Metal Equivalent - Metal Eq. Grade: 1.7 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2026-05-07T00:00:00.000Z #### Dates - Event date: 2026-06-26T00:00:00.000Z Reasoning: The copper equivalent grade for Bob UG Inferred resource is strong, indicating significant overall polymetallic value, but with lower confidence. - Positive factor: Copper equivalent grade is strong for VMS deposits - Positive factor: Copper equivalent grade provides a combined value for polymetallic mineralization - Negative factor: Inferred category indicates lower geological confidence Evidence · table > 1.70 Context: 4.19 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/t2-metals-files-ni-43-101-mineral-resource-estimate-report-for-the-sherridon-cop--cb8e3ee6-2756-476b-88fa-c9c0e65306c0#fact-resource-facts-65) Sherridon Copper-Gold Zinc-Silver- Project · copper Historical result Needs review: historical\_restatement #### Identity - Project: Sherridon Copper-Gold Zinc-Silver- Project - Commodity: copper - Region: canada\_mb - Reported Region: Manitoba, Canada - Ticker: TWO #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Mr. Geoffrey Reed, Mr. Bengt Anders Hogrelius, Mr. Bouke van 't Riet - Resource group id: resource:57506f4e84bc0e1068f5 - Deposit or zone: Jungle #### Resource Data - Category: inferred - Tonnes: 2880000 - Grade: 1.23 - Grade Unit: % - Contained Metal: 77.9 - Contained Unit: m lb - Cutoff Grade: 20 - Cutoff Unit: US$/t #### Prior Estimate - Resource Date: 2026-04-22 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2026-05-07T00:00:00.000Z #### Dates - Event date: 2026-06-26T00:00:00.000Z Reasoning: This inferred resource for copper at Jungle OP shows strong grade, but the inferred category means lower confidence for economic studies. - Positive factor: Grade is strong for VMS copper deposits - Positive factor: Open pit mining method suggests lower operating costs - Negative factor: Inferred category indicates lower geological confidence Evidence · table > 1.23 Context: 2.88 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/t2-metals-files-ni-43-101-mineral-resource-estimate-report-for-the-sherridon-cop--cb8e3ee6-2756-476b-88fa-c9c0e65306c0#fact-resource-facts-66) Sherridon Copper-Gold Zinc-Silver- Project · zinc Historical result Needs review: historical\_restatement #### Identity - Project: Sherridon Copper-Gold Zinc-Silver- Project - Commodity: zinc - Region: canada\_mb - Reported Region: Manitoba, Canada - Ticker: TWO #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Mr. Geoffrey Reed, Mr. Bengt Anders Hogrelius, Mr. Bouke van 't Riet - Resource group id: resource:57506f4e84bc0e1068f5 - Deposit or zone: Jungle #### Resource Data - Category: inferred - Tonnes: 2880000 - Grade: 0.78 - Grade Unit: % - Contained Metal: 49.43 - Contained Unit: m lb - Cutoff Grade: 20 - Cutoff Unit: US$/t #### Prior Estimate - Resource Date: 2026-04-22 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2026-05-07T00:00:00.000Z #### Dates - Event date: 2026-06-26T00:00:00.000Z Reasoning: The inferred zinc resource at Jungle OP is of weak grade and lower confidence, contributing to the overall polymetallic nature but not a primary driver. - Negative factor: Grade is weak for VMS zinc deposits - Negative factor: Inferred category indicates lower geological confidence Evidence · table > 0.78 Context: 2.88 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/t2-metals-files-ni-43-101-mineral-resource-estimate-report-for-the-sherridon-cop--cb8e3ee6-2756-476b-88fa-c9c0e65306c0#fact-resource-facts-67) Sherridon Copper-Gold Zinc-Silver- Project · gold Historical result Needs review: historical\_restatement #### Identity - Project: Sherridon Copper-Gold Zinc-Silver- Project - Commodity: gold - Region: canada\_mb - Reported Region: Manitoba, Canada - Ticker: TWO #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Mr. Geoffrey Reed, Mr. Bengt Anders Hogrelius, Mr. Bouke van 't Riet - Resource group id: resource:57506f4e84bc0e1068f5 - Deposit or zone: Jungle #### Resource Data - Category: inferred - Tonnes: 2880000 - Grade: 0.28 - Grade Unit: g/t - Cutoff Grade: 20 - Cutoff Unit: US$/t #### Prior Estimate - Resource Date: 2026-04-22 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2026-05-07T00:00:00.000Z #### Dates - Event date: 2026-06-26T00:00:00.000Z Reasoning: The inferred gold resource at Jungle OP is of weak grade and lower confidence, contributing to the overall polymetallic nature but not a primary driver. - Negative factor: Grade is weak for VMS gold deposits - Negative factor: Inferred category indicates lower geological confidence Evidence · table > 0.28 Context: 2.88 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/t2-metals-files-ni-43-101-mineral-resource-estimate-report-for-the-sherridon-cop--cb8e3ee6-2756-476b-88fa-c9c0e65306c0#fact-resource-facts-68) Sherridon Copper-Gold Zinc-Silver- Project · silver Historical result Needs review: historical\_restatement #### Identity - Project: Sherridon Copper-Gold Zinc-Silver- Project - Commodity: silver - Region: canada\_mb - Reported Region: Manitoba, Canada - Ticker: TWO #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Mr. Geoffrey Reed, Mr. Bengt Anders Hogrelius, Mr. Bouke van 't Riet - Resource group id: resource:57506f4e84bc0e1068f5 - Deposit or zone: Jungle #### Resource Data - Category: inferred - Tonnes: 2880000 - Grade: 6.8 - Grade Unit: g/t - Cutoff Grade: 20 - Cutoff Unit: US$/t #### Prior Estimate - Resource Date: 2026-04-22 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2026-05-07T00:00:00.000Z #### Dates - Event date: 2026-06-26T00:00:00.000Z Reasoning: The inferred silver resource at Jungle OP is of weak grade and lower confidence, contributing to the overall polymetallic nature but not a primary driver. - Negative factor: Grade is weak for VMS silver deposits - Negative factor: Inferred category indicates lower geological confidence Evidence · table > 6.8 Context: 2.88 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/t2-metals-files-ni-43-101-mineral-resource-estimate-report-for-the-sherridon-cop--cb8e3ee6-2756-476b-88fa-c9c0e65306c0#fact-resource-facts-69) Sherridon Copper-Gold Zinc-Silver- Project · copper Historical result Needs review: historical\_restatement #### Identity - Project: Sherridon Copper-Gold Zinc-Silver- Project - Commodity: copper - Region: canada\_mb - Reported Region: Manitoba, Canada - Ticker: TWO #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Mr. Geoffrey Reed, Mr. Bengt Anders Hogrelius, Mr. Bouke van 't Riet - Resource group id: resource:57506f4e84bc0e1068f5 - Deposit or zone: Jungle #### Resource Data - Category: inferred - Tonnes: 2880000 - Cutoff Grade: 20 - Cutoff Unit: US$/t #### Prior Estimate - Resource Date: 2026-04-22 #### Metal Equivalent - Metal Eq. Grade: 1.8 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2026-05-07T00:00:00.000Z #### Dates - Event date: 2026-06-26T00:00:00.000Z Reasoning: The copper equivalent grade for Jungle OP Inferred resource is strong, indicating significant overall polymetallic value, but with lower confidence. - Positive factor: Copper equivalent grade is strong for VMS deposits - Positive factor: Copper equivalent grade provides a combined value for polymetallic mineralization - Negative factor: Inferred category indicates lower geological confidence Evidence · table > 1.80 Context: 2.88 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/t2-metals-files-ni-43-101-mineral-resource-estimate-report-for-the-sherridon-cop--cb8e3ee6-2756-476b-88fa-c9c0e65306c0#fact-resource-facts-70) Sherridon Copper-Gold Zinc-Silver- Project · copper Historical result Needs review: historical\_restatement #### Identity - Project: Sherridon Copper-Gold Zinc-Silver- Project - Commodity: copper - Region: canada\_mb - Reported Region: Manitoba, Canada - Ticker: TWO #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Mr. Geoffrey Reed, Mr. Bengt Anders Hogrelius, Mr. Bouke van 't Riet - Resource group id: resource:c2a1046f45ed85bf73dc - Deposit or zone: Jungle #### Resource Data - Category: inferred - Tonnes: 4380000 - Grade: 1.08 - Grade Unit: % - Contained Metal: 104.26 - Contained Unit: m lb - Cutoff Grade: 55 - Cutoff Unit: US$/t #### Prior Estimate - Resource Date: 2026-04-22 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2026-05-07T00:00:00.000Z #### Dates - Event date: 2026-06-26T00:00:00.000Z Reasoning: This inferred resource for copper at Jungle UG shows strong grade, but the inferred category means lower confidence for economic studies. - Positive factor: Grade is strong for VMS copper deposits - Negative factor: Inferred category indicates lower geological confidence Evidence · table > 1.08 Context: 4.38 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/t2-metals-files-ni-43-101-mineral-resource-estimate-report-for-the-sherridon-cop--cb8e3ee6-2756-476b-88fa-c9c0e65306c0#fact-resource-facts-71) Sherridon Copper-Gold Zinc-Silver- Project · zinc Historical result Needs review: historical\_restatement #### Identity - Project: Sherridon Copper-Gold Zinc-Silver- Project - Commodity: zinc - Region: canada\_mb - Reported Region: Manitoba, Canada - Ticker: TWO #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Mr. Geoffrey Reed, Mr. Bengt Anders Hogrelius, Mr. Bouke van 't Riet - Resource group id: resource:c2a1046f45ed85bf73dc - Deposit or zone: Jungle #### Resource Data - Category: inferred - Tonnes: 4380000 - Grade: 1.08 - Grade Unit: % - Contained Metal: 104.25 - Contained Unit: m lb - Cutoff Grade: 55 - Cutoff Unit: US$/t #### Prior Estimate - Resource Date: 2026-04-22 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2026-05-07T00:00:00.000Z #### Dates - Event date: 2026-06-26T00:00:00.000Z Reasoning: The inferred zinc resource at Jungle UG is of moderate grade, providing a valuable polymetallic component, but with lower confidence. - Positive factor: Grade is moderate for VMS zinc deposits - Negative factor: Inferred category indicates lower geological confidence Evidence · table > 1.08 Context: 4.38 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/t2-metals-files-ni-43-101-mineral-resource-estimate-report-for-the-sherridon-cop--cb8e3ee6-2756-476b-88fa-c9c0e65306c0#fact-resource-facts-72) Sherridon Copper-Gold Zinc-Silver- Project · gold Historical result Needs review: historical\_restatement #### Identity - Project: Sherridon Copper-Gold Zinc-Silver- Project - Commodity: gold - Region: canada\_mb - Reported Region: Manitoba, Canada - Ticker: TWO #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Mr. Geoffrey Reed, Mr. Bengt Anders Hogrelius, Mr. Bouke van 't Riet - Resource group id: resource:c2a1046f45ed85bf73dc - Deposit or zone: Jungle #### Resource Data - Category: inferred - Tonnes: 4380000 - Grade: 0.16 - Grade Unit: g/t - Cutoff Grade: 55 - Cutoff Unit: US$/t #### Prior Estimate - Resource Date: 2026-04-22 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2026-05-07T00:00:00.000Z #### Dates - Event date: 2026-06-26T00:00:00.000Z Reasoning: The inferred gold resource at Jungle UG is of weak grade and lower confidence, contributing to the overall polymetallic nature but not a primary driver. - Negative factor: Grade is weak for VMS gold deposits - Negative factor: Inferred category indicates lower geological confidence Evidence · table > 0.16 Context: 4.38 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/t2-metals-files-ni-43-101-mineral-resource-estimate-report-for-the-sherridon-cop--cb8e3ee6-2756-476b-88fa-c9c0e65306c0#fact-resource-facts-73) Sherridon Copper-Gold Zinc-Silver- Project · silver Historical result Needs review: historical\_restatement #### Identity - Project: Sherridon Copper-Gold Zinc-Silver- Project - Commodity: silver - Region: canada\_mb - Reported Region: Manitoba, Canada - Ticker: TWO #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Mr. Geoffrey Reed, Mr. Bengt Anders Hogrelius, Mr. Bouke van 't Riet - Resource group id: resource:c2a1046f45ed85bf73dc - Deposit or zone: Jungle #### Resource Data - Category: inferred - Tonnes: 4380000 - Grade: 5.4 - Grade Unit: g/t - Cutoff Grade: 55 - Cutoff Unit: US$/t #### Prior Estimate - Resource Date: 2026-04-22 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2026-05-07T00:00:00.000Z #### Dates - Event date: 2026-06-26T00:00:00.000Z Reasoning: The inferred silver resource at Jungle UG is of weak grade and lower confidence, contributing to the overall polymetallic nature but not a primary driver. - Negative factor: Grade is weak for VMS silver deposits - Negative factor: Inferred category indicates lower geological confidence Evidence · table > 5.4 Context: 4.38 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/t2-metals-files-ni-43-101-mineral-resource-estimate-report-for-the-sherridon-cop--cb8e3ee6-2756-476b-88fa-c9c0e65306c0#fact-resource-facts-74) Sherridon Copper-Gold Zinc-Silver- Project · copper Historical result Needs review: historical\_restatement #### Identity - Project: Sherridon Copper-Gold Zinc-Silver- Project - Commodity: copper - Region: canada\_mb - Reported Region: Manitoba, Canada - Ticker: TWO #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Mr. Geoffrey Reed, Mr. Bengt Anders Hogrelius, Mr. Bouke van 't Riet - Resource group id: resource:c2a1046f45ed85bf73dc - Deposit or zone: Jungle #### Resource Data - Category: inferred - Tonnes: 4380000 - Cutoff Grade: 55 - Cutoff Unit: US$/t #### Prior Estimate - Resource Date: 2026-04-22 #### Metal Equivalent - Metal Eq. Grade: 1.7 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2026-05-07T00:00:00.000Z #### Dates - Event date: 2026-06-26T00:00:00.000Z Reasoning: The copper equivalent grade for Jungle UG Inferred resource is strong, indicating significant overall polymetallic value, but with lower confidence. - Positive factor: Copper equivalent grade is strong for VMS deposits - Positive factor: Copper equivalent grade provides a combined value for polymetallic mineralization - Negative factor: Inferred category indicates lower geological confidence Evidence · table > 1.70 Context: 4.38 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/t2-metals-files-ni-43-101-mineral-resource-estimate-report-for-the-sherridon-cop--cb8e3ee6-2756-476b-88fa-c9c0e65306c0#fact-resource-facts-75) Sherridon Copper-Gold Zinc-Silver- Project · copper Historical result Needs review: historical\_restatement #### Identity - Project: Sherridon Copper-Gold Zinc-Silver- Project - Commodity: copper - Region: canada\_mb - Reported Region: Manitoba, Canada - Ticker: TWO #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Mr. Geoffrey Reed, Mr. Bengt Anders Hogrelius, Mr. Bouke van 't Riet - Resource group id: resource:f437d46dc0224355bec7 - Deposit or zone: Total Inferred #### Resource Data - Category: inferred - Tonnes: 9590000 - Grade: 1.1 - Grade Unit: % - Contained Metal: 229.88 - Contained Unit: m lb - Cutoff Grade: 20 - Cutoff Unit: US$/t #### Prior Estimate - Resource Date: 2026-04-22 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2026-05-07T00:00:00.000Z #### Dates - Event date: 2026-06-26T00:00:00.000Z Reasoning: The total inferred open pit copper resource shows strong grade, but the inferred category means lower confidence for economic studies. - Positive factor: Grade is strong for VMS copper deposits - Positive factor: Open pit mining method suggests lower operating costs - Negative factor: Inferred category indicates lower geological confidence Evidence · table > 1.10 Context: 9.59 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/t2-metals-files-ni-43-101-mineral-resource-estimate-report-for-the-sherridon-cop--cb8e3ee6-2756-476b-88fa-c9c0e65306c0#fact-resource-facts-76) Sherridon Copper-Gold Zinc-Silver- Project · zinc Historical result Needs review: historical\_restatement #### Identity - Project: Sherridon Copper-Gold Zinc-Silver- Project - Commodity: zinc - Region: canada\_mb - Reported Region: Manitoba, Canada - Ticker: TWO #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Mr. Geoffrey Reed, Mr. Bengt Anders Hogrelius, Mr. Bouke van 't Riet - Resource group id: resource:f437d46dc0224355bec7 - Deposit or zone: Total Inferred #### Resource Data - Category: inferred - Tonnes: 9590000 - Grade: 1 - Grade Unit: % - Contained Metal: 206.01 - Contained Unit: m lb - Cutoff Grade: 20 - Cutoff Unit: US$/t #### Prior Estimate - Resource Date: 2026-04-22 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2026-05-07T00:00:00.000Z #### Dates - Event date: 2026-06-26T00:00:00.000Z Reasoning: The total inferred open pit zinc resource is of moderate grade, providing a valuable polymetallic component, but with lower confidence. - Positive factor: Grade is moderate for VMS zinc deposits - Negative factor: Inferred category indicates lower geological confidence Evidence · table > 1.00 Context: 9.59 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/t2-metals-files-ni-43-101-mineral-resource-estimate-report-for-the-sherridon-cop--cb8e3ee6-2756-476b-88fa-c9c0e65306c0#fact-resource-facts-77) Sherridon Copper-Gold Zinc-Silver- Project · gold Historical result Needs review: historical\_restatement #### Identity - Project: Sherridon Copper-Gold Zinc-Silver- Project - Commodity: gold - Region: canada\_mb - Reported Region: Manitoba, Canada - Ticker: TWO #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Mr. Geoffrey Reed, Mr. Bengt Anders Hogrelius, Mr. Bouke van 't Riet - Resource group id: resource:f437d46dc0224355bec7 - Deposit or zone: Total Inferred #### Resource Data - Category: inferred - Tonnes: 9590000 - Grade: 0.3 - Grade Unit: g/t - Cutoff Grade: 20 - Cutoff Unit: US$/t #### Prior Estimate - Resource Date: 2026-04-22 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2026-05-07T00:00:00.000Z #### Dates - Event date: 2026-06-26T00:00:00.000Z Reasoning: The total inferred open pit gold resource is of weak grade and lower confidence, contributing to the overall polymetallic nature but not a primary driver. - Negative factor: Grade is weak for VMS gold deposits - Negative factor: Inferred category indicates lower geological confidence Evidence · table > 0.30 Context: 9.59 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/t2-metals-files-ni-43-101-mineral-resource-estimate-report-for-the-sherridon-cop--cb8e3ee6-2756-476b-88fa-c9c0e65306c0#fact-resource-facts-78) Sherridon Copper-Gold Zinc-Silver- Project · silver Historical result Needs review: historical\_restatement #### Identity - Project: Sherridon Copper-Gold Zinc-Silver- Project - Commodity: silver - Region: canada\_mb - Reported Region: Manitoba, Canada - Ticker: TWO #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Mr. Geoffrey Reed, Mr. Bengt Anders Hogrelius, Mr. Bouke van 't Riet - Resource group id: resource:f437d46dc0224355bec7 - Deposit or zone: Total Inferred #### Resource Data - Category: inferred - Tonnes: 9590000 - Grade: 7.7 - Grade Unit: g/t - Cutoff Grade: 20 - Cutoff Unit: US$/t #### Prior Estimate - Resource Date: 2026-04-22 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2026-05-07T00:00:00.000Z #### Dates - Event date: 2026-06-26T00:00:00.000Z Reasoning: The total inferred open pit silver resource is of weak grade and lower confidence, contributing to the overall polymetallic nature but not a primary driver. - Negative factor: Grade is weak for VMS silver deposits - Negative factor: Inferred category indicates lower geological confidence Evidence · table > 7.7 Context: 9.59 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/t2-metals-files-ni-43-101-mineral-resource-estimate-report-for-the-sherridon-cop--cb8e3ee6-2756-476b-88fa-c9c0e65306c0#fact-resource-facts-79) Sherridon Copper-Gold Zinc-Silver- Project · copper Historical result Needs review: historical\_restatement #### Identity - Project: Sherridon Copper-Gold Zinc-Silver- Project - Commodity: copper - Region: canada\_mb - Reported Region: Manitoba, Canada - Ticker: TWO #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Mr. Geoffrey Reed, Mr. Bengt Anders Hogrelius, Mr. Bouke van 't Riet - Resource group id: resource:f437d46dc0224355bec7 - Deposit or zone: Total Inferred #### Resource Data - Category: inferred - Tonnes: 9590000 - Cutoff Grade: 20 - Cutoff Unit: US$/t #### Prior Estimate - Resource Date: 2026-04-22 #### Metal Equivalent - Metal Eq. Grade: 1.7 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2026-05-07T00:00:00.000Z #### Dates - Event date: 2026-06-26T00:00:00.000Z Reasoning: The total inferred open pit copper equivalent resource is strong, indicating significant overall polymetallic value, but with lower confidence. - Positive factor: Copper equivalent grade is strong for VMS deposits - Positive factor: Copper equivalent grade provides a combined value for polymetallic mineralization - Negative factor: Inferred category indicates lower geological confidence Evidence · table > 1.70 Context: 9.59 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/t2-metals-files-ni-43-101-mineral-resource-estimate-report-for-the-sherridon-cop--cb8e3ee6-2756-476b-88fa-c9c0e65306c0#fact-resource-facts-80) Sherridon Copper-Gold Zinc-Silver- Project · copper Historical result Needs review: historical\_restatement #### Identity - Project: Sherridon Copper-Gold Zinc-Silver- Project - Commodity: copper - Region: canada\_mb - Reported Region: Manitoba, Canada - Ticker: TWO #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Mr. Geoffrey Reed, Mr. Bengt Anders Hogrelius, Mr. Bouke van 't Riet - Resource group id: resource:e51008fa8a6394906c93 - Deposit or zone: Total Inferred #### Resource Data - Category: inferred - Tonnes: 8570000 - Grade: 1.1 - Grade Unit: % - Contained Metal: 200.2 - Contained Unit: m lb - Cutoff Grade: 55 - Cutoff Unit: US$/t #### Prior Estimate - Resource Date: 2026-04-22 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2026-05-07T00:00:00.000Z #### Dates - Event date: 2026-06-26T00:00:00.000Z Reasoning: The total inferred underground copper resource shows strong grade, but the inferred category means lower confidence for economic studies. - Positive factor: Grade is strong for VMS copper deposits - Negative factor: Inferred category indicates lower geological confidence Evidence · table > 1.10 Context: 8.57 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/t2-metals-files-ni-43-101-mineral-resource-estimate-report-for-the-sherridon-cop--cb8e3ee6-2756-476b-88fa-c9c0e65306c0#fact-resource-facts-81) Sherridon Copper-Gold Zinc-Silver- Project · zinc Historical result Needs review: historical\_restatement #### Identity - Project: Sherridon Copper-Gold Zinc-Silver- Project - Commodity: zinc - Region: canada\_mb - Reported Region: Manitoba, Canada - Ticker: TWO #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Mr. Geoffrey Reed, Mr. Bengt Anders Hogrelius, Mr. Bouke van 't Riet - Resource group id: resource:e51008fa8a6394906c93 - Deposit or zone: Total Inferred #### Resource Data - Category: inferred - Tonnes: 8570000 - Grade: 1 - Grade Unit: % - Contained Metal: 192.81 - Contained Unit: m lb - Cutoff Grade: 55 - Cutoff Unit: US$/t #### Prior Estimate - Resource Date: 2026-04-22 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2026-05-07T00:00:00.000Z #### Dates - Event date: 2026-06-26T00:00:00.000Z Reasoning: The total inferred underground zinc resource is of moderate grade, providing a valuable polymetallic component, but with lower confidence. - Positive factor: Grade is moderate for VMS zinc deposits - Negative factor: Inferred category indicates lower geological confidence Evidence · table > 1.00 Context: 8.57 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/t2-metals-files-ni-43-101-mineral-resource-estimate-report-for-the-sherridon-cop--cb8e3ee6-2756-476b-88fa-c9c0e65306c0#fact-resource-facts-82) Sherridon Copper-Gold Zinc-Silver- Project · gold Historical result Needs review: historical\_restatement #### Identity - Project: Sherridon Copper-Gold Zinc-Silver- Project - Commodity: gold - Region: canada\_mb - Reported Region: Manitoba, Canada - Ticker: TWO #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Mr. Geoffrey Reed, Mr. Bengt Anders Hogrelius, Mr. Bouke van 't Riet - Resource group id: resource:e51008fa8a6394906c93 - Deposit or zone: Total Inferred #### Resource Data - Category: inferred - Tonnes: 8570000 - Grade: 0.2 - Grade Unit: g/t - Cutoff Grade: 55 - Cutoff Unit: US$/t #### Prior Estimate - Resource Date: 2026-04-22 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2026-05-07T00:00:00.000Z #### Dates - Event date: 2026-06-26T00:00:00.000Z Reasoning: The total inferred underground gold resource is of weak grade and lower confidence, contributing to the overall polymetallic nature but not a primary driver. - Negative factor: Grade is weak for VMS gold deposits - Negative factor: Inferred category indicates lower geological confidence Evidence · table > 0.20 Context: 8.57 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/t2-metals-files-ni-43-101-mineral-resource-estimate-report-for-the-sherridon-cop--cb8e3ee6-2756-476b-88fa-c9c0e65306c0#fact-resource-facts-83) Sherridon Copper-Gold Zinc-Silver- Project · silver Historical result Needs review: historical\_restatement #### Identity - Project: Sherridon Copper-Gold Zinc-Silver- Project - Commodity: silver - Region: canada\_mb - Reported Region: Manitoba, Canada - Ticker: TWO #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Mr. Geoffrey Reed, Mr. Bengt Anders Hogrelius, Mr. Bouke van 't Riet - Resource group id: resource:e51008fa8a6394906c93 - Deposit or zone: Total Inferred #### Resource Data - Category: inferred - Tonnes: 8570000 - Grade: 6.3 - Grade Unit: g/t - Cutoff Grade: 55 - Cutoff Unit: US$/t #### Prior Estimate - Resource Date: 2026-04-22 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2026-05-07T00:00:00.000Z #### Dates - Event date: 2026-06-26T00:00:00.000Z Reasoning: The total inferred underground silver resource is of weak grade and lower confidence, contributing to the overall polymetallic nature but not a primary driver. - Negative factor: Grade is weak for VMS silver deposits - Negative factor: Inferred category indicates lower geological confidence Evidence · table > 6.3 Context: 8.57 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/t2-metals-files-ni-43-101-mineral-resource-estimate-report-for-the-sherridon-cop--cb8e3ee6-2756-476b-88fa-c9c0e65306c0#fact-resource-facts-84) Sherridon Copper-Gold Zinc-Silver- Project · copper Historical result Needs review: historical\_restatement #### Identity - Project: Sherridon Copper-Gold Zinc-Silver- Project - Commodity: copper - Region: canada\_mb - Reported Region: Manitoba, Canada - Ticker: TWO #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Mr. Geoffrey Reed, Mr. Bengt Anders Hogrelius, Mr. Bouke van 't Riet - Resource group id: resource:e51008fa8a6394906c93 - Deposit or zone: Total Inferred #### Resource Data - Category: inferred - Tonnes: 8570000 - Cutoff Grade: 55 - Cutoff Unit: US$/t #### Prior Estimate - Resource Date: 2026-04-22 #### Metal Equivalent - Metal Eq. Grade: 1.7 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2026-05-07T00:00:00.000Z #### Dates - Event date: 2026-06-26T00:00:00.000Z Reasoning: The total inferred underground copper equivalent resource is strong, indicating significant overall polymetallic value, but with lower confidence. - Positive factor: Copper equivalent grade is strong for VMS deposits - Positive factor: Copper equivalent grade provides a combined value for polymetallic mineralization - Negative factor: Inferred category indicates lower geological confidence Evidence · table > 1.70 Context: 8.57 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ## 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.