# Talon Metals Announces Eagle Mine NI 43-101 Technical Report Results; Provides Highlights and Strategic Takeaways Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/talon-metals-announces-eagle-mine-ni-43-101-technical-report-results-provides-hi--d7cefb59-3299-4eda-927d-b804ae41c997 Original source: https://orestocks.com/company/TLO.TO/press-releases/6677420637706231 Publisher: orestocks Original announcement: 2026-05-01T01:30:00.000Z Analysis by Minestarters Atlas Atlas analysis published: 2026-10-01T04:04:57.969Z Atlas analysis updated: 2026-10-01T04:04:57.969Z - Company: Talon Metals Corp. - Ticker: TLO - Exchange: TSX - Region: Michigan - Primary commodity: Nickel - Secondary commodities: Copper, Cobalt, Gold, Silver, Platinum, Palladium - Document categories: Resource update - Extracted: 2026-10-01 04:04:58 UTC Narrative sentiment: 0.80 · Bullish ## Minestarters Atlas summary Talon Metals Corp. announced the results of an independent NI 43-101 Technical Report for its Eagle Mine operation in Michigan, establishing the first independent Mineral Resource and Mineral Reserve baseline. The report extends the mine plan to the second half of 2030, supported by updated estimates including 3,299 kt Measured and Indicated Resources and 3,486 kt Proven and Probable Reserves. The report outlines positive economics with an after-tax NPV \(8%\) of US$19.0 million and US$69.7 million in free cash flow based on analyst consensus metal prices. Reasoning: The technical report establishes a new, comprehensive baseline for mineral resources and reserves, significantly extending the mine life and demonstrating positive economics for the Eagle Mine operation. This provides a clear path forward and de-risks the project. - Positive factor: Mine plan extended to 2030 - Positive factor: Positive economics and free cash flow profile - Positive factor: First independent Mineral Resource and Reserve baseline established - Positive factor: NI 43-101 compliant report - Positive factor: QP/CP signed off on the estimates - Positive factor: Significant increase in contained metal in reserves Low confidence — this extraction should be reviewed alongside the original source. Facts used in scoring: 138 ## Classification and evidence No classification tags are available. ## Extracted facts Stored fact records: 138. Some facts used in scoring do not have a stored record. ## Resource Estimates (138) ### measured [Link to this fact](https://atlas-staging.minestarters.com/news/talon-metals-announces-eagle-mine-ni-43-101-technical-report-results-provides-hi--d7cefb59-3299-4eda-927d-b804ae41c997#fact-resource-facts-0) Eagle Mine · nickel #### Identity - Project: Eagle Mine - Commodity: nickel - Region: michigan - Reported Region: Michigan - Ticker: TLO #### Resource scope - Estimate type: resource - Effective date: 2026-02-28T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Brian Thomas - Resource group id: resource:daba894ec43d506b5176 - Deposit or zone: Eagle - Mining method: underground #### Resource Data - Category: measured - Tonnes: 39000 - Grade: 1.21 - Grade Unit: % - Cutoff Grade: 150.61 - Cutoff Unit: US$/t #### Prior Estimate - Resource Date: 2026-02-28 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-05-01T00:00:00.000Z Reasoning: This Measured resource for nickel at Eagle is part of the new NI 43-101 compliant baseline, providing high confidence for future mine planning. - Positive factor: High confidence Measured category - Positive factor: Part of new baseline estimate - Positive factor: Underground mining method Evidence · table > 1.21 Context: 39 #### Tags used in scoring **Measured Resource** Polarity: positive Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves. Why it applies: category is "measured" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **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 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### measured [Link to this fact](https://atlas-staging.minestarters.com/news/talon-metals-announces-eagle-mine-ni-43-101-technical-report-results-provides-hi--d7cefb59-3299-4eda-927d-b804ae41c997#fact-resource-facts-1) Eagle Mine · copper #### Identity - Project: Eagle Mine - Commodity: copper - Region: michigan - Reported Region: Michigan - Ticker: TLO #### Resource scope - Estimate type: resource - Effective date: 2026-02-28T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Brian Thomas - Resource group id: resource:daba894ec43d506b5176 - Deposit or zone: Eagle - Mining method: underground #### Resource Data - Category: measured - Tonnes: 39000 - Grade: 1.4 - Grade Unit: % - Cutoff Grade: 150.61 - Cutoff Unit: US$/t #### Prior Estimate - Resource Date: 2026-02-28 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-05-01T00:00:00.000Z Reasoning: This Measured resource for copper at Eagle is part of the new NI 43-101 compliant baseline, providing high confidence for future mine planning. - Positive factor: High confidence Measured category - Positive factor: Part of new baseline estimate - Positive factor: Underground mining method Evidence · table > 1.40 Context: 39 #### Tags used in scoring **Measured Resource** Polarity: positive Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves. Why it applies: category is "measured" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **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 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### measured [Link to this fact](https://atlas-staging.minestarters.com/news/talon-metals-announces-eagle-mine-ni-43-101-technical-report-results-provides-hi--d7cefb59-3299-4eda-927d-b804ae41c997#fact-resource-facts-2) Eagle Mine · cobalt #### Identity - Project: Eagle Mine - Commodity: cobalt - Region: michigan - Reported Region: Michigan - Ticker: TLO #### Resource scope - Estimate type: resource - Effective date: 2026-02-28T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Brian Thomas - Resource group id: resource:daba894ec43d506b5176 - Deposit or zone: Eagle - Mining method: underground #### Resource Data - Category: measured - Tonnes: 39000 - Grade: 0.03 - Grade Unit: % - Cutoff Grade: 150.61 - Cutoff Unit: US$/t #### Prior Estimate - Resource Date: 2026-02-28 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-05-01T00:00:00.000Z Reasoning: This Measured resource for cobalt at Eagle is part of the new NI 43-101 compliant baseline, contributing to the overall resource. - Positive factor: High confidence Measured category - Positive factor: Part of new baseline estimate - Positive factor: Underground mining method Evidence · table > 0.03 Context: 39 #### Tags used in scoring **Measured Resource** Polarity: positive Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves. Why it applies: category is "measured" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **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 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### measured [Link to this fact](https://atlas-staging.minestarters.com/news/talon-metals-announces-eagle-mine-ni-43-101-technical-report-results-provides-hi--d7cefb59-3299-4eda-927d-b804ae41c997#fact-resource-facts-3) Eagle Mine · gold #### Identity - Project: Eagle Mine - Commodity: gold - Region: michigan - Reported Region: Michigan - Ticker: TLO #### Resource scope - Estimate type: resource - Effective date: 2026-02-28T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Brian Thomas - Resource group id: resource:daba894ec43d506b5176 - Deposit or zone: Eagle - Mining method: underground #### Resource Data - Category: measured - Tonnes: 39000 - Grade: 0.2 - Grade Unit: g/t - Cutoff Grade: 150.61 - Cutoff Unit: US$/t #### Prior Estimate - Resource Date: 2026-02-28 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-05-01T00:00:00.000Z Reasoning: This Measured resource for gold at Eagle is part of the new NI 43-101 compliant baseline, but the grade is relatively low. - Positive factor: High confidence Measured category - Positive factor: Part of new baseline estimate - Positive factor: Underground mining method Evidence · table > 0.20 Context: 39 #### Tags used in scoring **Measured Resource** Polarity: positive Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves. Why it applies: category is "measured" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **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 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### measured [Link to this fact](https://atlas-staging.minestarters.com/news/talon-metals-announces-eagle-mine-ni-43-101-technical-report-results-provides-hi--d7cefb59-3299-4eda-927d-b804ae41c997#fact-resource-facts-4) Eagle Mine · silver #### Identity - Project: Eagle Mine - Commodity: silver - Region: michigan - Reported Region: Michigan - Ticker: TLO #### Resource scope - Estimate type: resource - Effective date: 2026-02-28T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Brian Thomas - Resource group id: resource:daba894ec43d506b5176 - Deposit or zone: Eagle - Mining method: underground #### Resource Data - Category: measured - Tonnes: 39000 - Grade: 7.35 - Grade Unit: g/t - Cutoff Grade: 150.61 - Cutoff Unit: US$/t #### Prior Estimate - Resource Date: 2026-02-28 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-05-01T00:00:00.000Z Reasoning: This Measured resource for silver at Eagle is part of the new NI 43-101 compliant baseline, but the grade is relatively low. - Positive factor: High confidence Measured category - Positive factor: Part of new baseline estimate - Positive factor: Underground mining method Evidence · table > 7.35 Context: 39 #### Tags used in scoring **Measured Resource** Polarity: positive Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves. Why it applies: category is "measured" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **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 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### measured [Link to this fact](https://atlas-staging.minestarters.com/news/talon-metals-announces-eagle-mine-ni-43-101-technical-report-results-provides-hi--d7cefb59-3299-4eda-927d-b804ae41c997#fact-resource-facts-5) Eagle Mine · platinum #### Identity - Project: Eagle Mine - Commodity: platinum - Region: michigan - Reported Region: Michigan - Ticker: TLO #### Resource scope - Estimate type: resource - Effective date: 2026-02-28T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Brian Thomas - Resource group id: resource:daba894ec43d506b5176 - Deposit or zone: Eagle - Mining method: underground #### Resource Data - Category: measured - Tonnes: 39000 - Grade: 0.38 - Grade Unit: g/t - Cutoff Grade: 150.61 - Cutoff Unit: US$/t #### Prior Estimate - Resource Date: 2026-02-28 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-05-01T00:00:00.000Z Reasoning: This Measured resource for platinum at Eagle is part of the new NI 43-101 compliant baseline, contributing to the overall resource. - Positive factor: High confidence Measured category - Positive factor: Part of new baseline estimate - Positive factor: Underground mining method Evidence · table > 0.38 Context: 39 #### Tags used in scoring **Measured Resource** Polarity: positive Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves. Why it applies: category is "measured" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **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 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### measured [Link to this fact](https://atlas-staging.minestarters.com/news/talon-metals-announces-eagle-mine-ni-43-101-technical-report-results-provides-hi--d7cefb59-3299-4eda-927d-b804ae41c997#fact-resource-facts-6) Eagle Mine · palladium #### Identity - Project: Eagle Mine - Commodity: palladium - Region: michigan - Reported Region: Michigan - Ticker: TLO #### Resource scope - Estimate type: resource - Effective date: 2026-02-28T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Brian Thomas - Resource group id: resource:daba894ec43d506b5176 - Deposit or zone: Eagle - Mining method: underground #### Resource Data - Category: measured - Tonnes: 39000 - Grade: 0.24 - Grade Unit: g/t - Cutoff Grade: 150.61 - Cutoff Unit: US$/t #### Prior Estimate - Resource Date: 2026-02-28 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-05-01T00:00:00.000Z Reasoning: This Measured resource for palladium at Eagle is part of the new NI 43-101 compliant baseline, contributing to the overall resource. - Positive factor: High confidence Measured category - Positive factor: Part of new baseline estimate - Positive factor: Underground mining method Evidence · table > 0.24 Context: 39 #### Tags used in scoring **Measured Resource** Polarity: positive Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves. Why it applies: category is "measured" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **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 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### measured [Link to this fact](https://atlas-staging.minestarters.com/news/talon-metals-announces-eagle-mine-ni-43-101-technical-report-results-provides-hi--d7cefb59-3299-4eda-927d-b804ae41c997#fact-resource-facts-7) Eagle Mine · nickel #### Identity - Project: Eagle Mine - Commodity: nickel - Region: michigan - Reported Region: Michigan - Ticker: TLO #### Resource scope - Estimate type: resource - Effective date: 2026-02-28T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Brian Thomas - Resource group id: resource:dbc7dc323a4585eaaa61 - Deposit or zone: Total Measured - Mining method: underground #### Resource Data - Category: measured - Tonnes: 39000 - Grade: 1.21 - Grade Unit: % - Cutoff Grade: 150.61 - Cutoff Unit: US$/t #### Prior Estimate - Resource Date: 2026-02-28 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-05-01T00:00:00.000Z Reasoning: This total Measured resource for nickel is part of the new NI 43-101 compliant baseline, providing high confidence for future mine planning. - Positive factor: High confidence Measured category - Positive factor: Part of new baseline estimate - Positive factor: Underground mining method Evidence · table > 1.21 Context: 39 #### Tags used in scoring **Measured Resource** Polarity: positive Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves. Why it applies: category is "measured" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **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 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### measured [Link to this fact](https://atlas-staging.minestarters.com/news/talon-metals-announces-eagle-mine-ni-43-101-technical-report-results-provides-hi--d7cefb59-3299-4eda-927d-b804ae41c997#fact-resource-facts-8) Eagle Mine · copper #### Identity - Project: Eagle Mine - Commodity: copper - Region: michigan - Reported Region: Michigan - Ticker: TLO #### Resource scope - Estimate type: resource - Effective date: 2026-02-28T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Brian Thomas - Resource group id: resource:dbc7dc323a4585eaaa61 - Deposit or zone: Total Measured - Mining method: underground #### Resource Data - Category: measured - Tonnes: 39000 - Grade: 1.4 - Grade Unit: % - Cutoff Grade: 150.61 - Cutoff Unit: US$/t #### Prior Estimate - Resource Date: 2026-02-28 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-05-01T00:00:00.000Z Reasoning: This total Measured resource for copper is part of the new NI 43-101 compliant baseline, providing high confidence for future mine planning. - Positive factor: High confidence Measured category - Positive factor: Part of new baseline estimate - Positive factor: Underground mining method Evidence · table > 1.40 Context: 39 #### Tags used in scoring **Measured Resource** Polarity: positive Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves. Why it applies: category is "measured" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **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 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### measured [Link to this fact](https://atlas-staging.minestarters.com/news/talon-metals-announces-eagle-mine-ni-43-101-technical-report-results-provides-hi--d7cefb59-3299-4eda-927d-b804ae41c997#fact-resource-facts-9) Eagle Mine · cobalt #### Identity - Project: Eagle Mine - Commodity: cobalt - Region: michigan - Reported Region: Michigan - Ticker: TLO #### Resource scope - Estimate type: resource - Effective date: 2026-02-28T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Brian Thomas - Resource group id: resource:dbc7dc323a4585eaaa61 - Deposit or zone: Total Measured - Mining method: underground #### Resource Data - Category: measured - Tonnes: 39000 - Grade: 0.03 - Grade Unit: % - Cutoff Grade: 150.61 - Cutoff Unit: US$/t #### Prior Estimate - Resource Date: 2026-02-28 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-05-01T00:00:00.000Z Reasoning: This total Measured resource for cobalt is part of the new NI 43-101 compliant baseline, contributing to the overall resource. - Positive factor: High confidence Measured category - Positive factor: Part of new baseline estimate - Positive factor: Underground mining method Evidence · table > 0.03 Context: 39 #### Tags used in scoring **Measured Resource** Polarity: positive Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves. Why it applies: category is "measured" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **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 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### measured [Link to this fact](https://atlas-staging.minestarters.com/news/talon-metals-announces-eagle-mine-ni-43-101-technical-report-results-provides-hi--d7cefb59-3299-4eda-927d-b804ae41c997#fact-resource-facts-10) Eagle Mine · gold #### Identity - Project: Eagle Mine - Commodity: gold - Region: michigan - Reported Region: Michigan - Ticker: TLO #### Resource scope - Estimate type: resource - Effective date: 2026-02-28T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Brian Thomas - Resource group id: resource:dbc7dc323a4585eaaa61 - Deposit or zone: Total Measured - Mining method: underground #### Resource Data - Category: measured - Tonnes: 39000 - Grade: 0.2 - Grade Unit: g/t - Cutoff Grade: 150.61 - Cutoff Unit: US$/t #### Prior Estimate - Resource Date: 2026-02-28 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-05-01T00:00:00.000Z Reasoning: This total Measured resource for gold is part of the new NI 43-101 compliant baseline, but the grade is relatively low. - Positive factor: High confidence Measured category - Positive factor: Part of new baseline estimate - Positive factor: Underground mining method Evidence · table > 0.20 Context: 39 #### Tags used in scoring **Measured Resource** Polarity: positive Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves. Why it applies: category is "measured" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **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 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### measured [Link to this fact](https://atlas-staging.minestarters.com/news/talon-metals-announces-eagle-mine-ni-43-101-technical-report-results-provides-hi--d7cefb59-3299-4eda-927d-b804ae41c997#fact-resource-facts-11) Eagle Mine · silver #### Identity - Project: Eagle Mine - Commodity: silver - Region: michigan - Reported Region: Michigan - Ticker: TLO #### Resource scope - Estimate type: resource - Effective date: 2026-02-28T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Brian Thomas - Resource group id: resource:dbc7dc323a4585eaaa61 - Deposit or zone: Total Measured - Mining method: underground #### Resource Data - Category: measured - Tonnes: 39000 - Grade: 7.35 - Grade Unit: g/t - Cutoff Grade: 150.61 - Cutoff Unit: US$/t #### Prior Estimate - Resource Date: 2026-02-28 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-05-01T00:00:00.000Z Reasoning: This total Measured resource for silver is part of the new NI 43-101 compliant baseline, but the grade is relatively low. - Positive factor: High confidence Measured category - Positive factor: Part of new baseline estimate - Positive factor: Underground mining method Evidence · table > 7.35 Context: 39 #### Tags used in scoring **Measured Resource** Polarity: positive Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves. Why it applies: category is "measured" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **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 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### measured [Link to this fact](https://atlas-staging.minestarters.com/news/talon-metals-announces-eagle-mine-ni-43-101-technical-report-results-provides-hi--d7cefb59-3299-4eda-927d-b804ae41c997#fact-resource-facts-12) Eagle Mine · platinum #### Identity - Project: Eagle Mine - Commodity: platinum - Region: michigan - Reported Region: Michigan - Ticker: TLO #### Resource scope - Estimate type: resource - Effective date: 2026-02-28T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Brian Thomas - Resource group id: resource:dbc7dc323a4585eaaa61 - Deposit or zone: Total Measured - Mining method: underground #### Resource Data - Category: measured - Tonnes: 39000 - Grade: 0.38 - Grade Unit: g/t - Cutoff Grade: 150.61 - Cutoff Unit: US$/t #### Prior Estimate - Resource Date: 2026-02-28 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-05-01T00:00:00.000Z Reasoning: This total Measured resource for platinum is part of the new NI 43-101 compliant baseline, contributing to the overall resource. - Positive factor: High confidence Measured category - Positive factor: Part of new baseline estimate - Positive factor: Underground mining method Evidence · table > 0.38 Context: 39 #### Tags used in scoring **Measured Resource** Polarity: positive Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves. Why it applies: category is "measured" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **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 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### measured [Link to this fact](https://atlas-staging.minestarters.com/news/talon-metals-announces-eagle-mine-ni-43-101-technical-report-results-provides-hi--d7cefb59-3299-4eda-927d-b804ae41c997#fact-resource-facts-13) Eagle Mine · palladium #### Identity - Project: Eagle Mine - Commodity: palladium - Region: michigan - Reported Region: Michigan - Ticker: TLO #### Resource scope - Estimate type: resource - Effective date: 2026-02-28T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Brian Thomas - Resource group id: resource:dbc7dc323a4585eaaa61 - Deposit or zone: Total Measured - Mining method: underground #### Resource Data - Category: measured - Tonnes: 39000 - Grade: 0.24 - Grade Unit: g/t - Cutoff Grade: 150.61 - Cutoff Unit: US$/t #### Prior Estimate - Resource Date: 2026-02-28 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-05-01T00:00:00.000Z Reasoning: This total Measured resource for palladium is part of the new NI 43-101 compliant baseline, contributing to the overall resource. - Positive factor: High confidence Measured category - Positive factor: Part of new baseline estimate - Positive factor: Underground mining method Evidence · table > 0.24 Context: 39 #### Tags used in scoring **Measured Resource** Polarity: positive Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves. Why it applies: category is "measured" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **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 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/talon-metals-announces-eagle-mine-ni-43-101-technical-report-results-provides-hi--d7cefb59-3299-4eda-927d-b804ae41c997#fact-resource-facts-14) Eagle Mine · nickel #### Identity - Project: Eagle Mine - Commodity: nickel - Region: michigan - Reported Region: Michigan - Ticker: TLO #### Resource scope - Estimate type: resource - Effective date: 2026-02-28T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Brian Thomas - Resource group id: resource:9d5e83a42f6ba5398ac8 - Deposit or zone: Eagle - Mining method: underground #### Resource Data - Category: indicated - Tonnes: 43000 - Grade: 1.17 - Grade Unit: % - Cutoff Grade: 150.61 - Cutoff Unit: US$/t #### Prior Estimate - Resource Date: 2026-02-28 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-05-01T00:00:00.000Z Reasoning: This Indicated resource for nickel at Eagle is part of the new NI 43-101 compliant baseline, providing high confidence for future mine planning. - Positive factor: High confidence Indicated category - Positive factor: Part of new baseline estimate - Positive factor: Underground mining method Evidence · table > 1.17 Context: 43 #### 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 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/talon-metals-announces-eagle-mine-ni-43-101-technical-report-results-provides-hi--d7cefb59-3299-4eda-927d-b804ae41c997#fact-resource-facts-15) Eagle Mine · copper #### Identity - Project: Eagle Mine - Commodity: copper - Region: michigan - Reported Region: Michigan - Ticker: TLO #### Resource scope - Estimate type: resource - Effective date: 2026-02-28T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Brian Thomas - Resource group id: resource:9d5e83a42f6ba5398ac8 - Deposit or zone: Eagle - Mining method: underground #### Resource Data - Category: indicated - Tonnes: 43000 - Grade: 1.26 - Grade Unit: % - Cutoff Grade: 150.61 - Cutoff Unit: US$/t #### Prior Estimate - Resource Date: 2026-02-28 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-05-01T00:00:00.000Z Reasoning: This Indicated resource for copper at Eagle is part of the new NI 43-101 compliant baseline, providing high confidence for future mine planning. - Positive factor: High confidence Indicated category - Positive factor: Part of new baseline estimate - Positive factor: Underground mining method Evidence · table > 1.26 Context: 43 #### 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 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/talon-metals-announces-eagle-mine-ni-43-101-technical-report-results-provides-hi--d7cefb59-3299-4eda-927d-b804ae41c997#fact-resource-facts-16) Eagle Mine · cobalt #### Identity - Project: Eagle Mine - Commodity: cobalt - Region: michigan - Reported Region: Michigan - Ticker: TLO #### Resource scope - Estimate type: resource - Effective date: 2026-02-28T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Brian Thomas - Resource group id: resource:9d5e83a42f6ba5398ac8 - Deposit or zone: Eagle - Mining method: underground #### Resource Data - Category: indicated - Tonnes: 43000 - Grade: 0.03 - Grade Unit: % - Cutoff Grade: 150.61 - Cutoff Unit: US$/t #### Prior Estimate - Resource Date: 2026-02-28 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-05-01T00:00:00.000Z Reasoning: This Indicated resource for cobalt at Eagle is part of the new NI 43-101 compliant baseline, contributing to the overall resource. - Positive factor: High confidence Indicated category - Positive factor: Part of new baseline estimate - Positive factor: Underground mining method Evidence · table > 0.03 Context: 43 #### 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 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/talon-metals-announces-eagle-mine-ni-43-101-technical-report-results-provides-hi--d7cefb59-3299-4eda-927d-b804ae41c997#fact-resource-facts-17) Eagle Mine · gold #### Identity - Project: Eagle Mine - Commodity: gold - Region: michigan - Reported Region: Michigan - Ticker: TLO #### Resource scope - Estimate type: resource - Effective date: 2026-02-28T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Brian Thomas - Resource group id: resource:9d5e83a42f6ba5398ac8 - Deposit or zone: Eagle - Mining method: underground #### Resource Data - Category: indicated - Tonnes: 43000 - Grade: 0.18 - Grade Unit: g/t - Cutoff Grade: 150.61 - Cutoff Unit: US$/t #### Prior Estimate - Resource Date: 2026-02-28 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-05-01T00:00:00.000Z Reasoning: This Indicated resource for gold at Eagle is part of the new NI 43-101 compliant baseline, but the grade is relatively low. - Positive factor: High confidence Indicated category - Positive factor: Part of new baseline estimate - Positive factor: Underground mining method Evidence · table > 0.18 Context: 43 #### 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 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/talon-metals-announces-eagle-mine-ni-43-101-technical-report-results-provides-hi--d7cefb59-3299-4eda-927d-b804ae41c997#fact-resource-facts-18) Eagle Mine · silver #### Identity - Project: Eagle Mine - Commodity: silver - Region: michigan - Reported Region: Michigan - Ticker: TLO #### Resource scope - Estimate type: resource - Effective date: 2026-02-28T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Brian Thomas - Resource group id: resource:9d5e83a42f6ba5398ac8 - Deposit or zone: Eagle - Mining method: underground #### Resource Data - Category: indicated - Tonnes: 43000 - Grade: 6.45 - Grade Unit: g/t - Cutoff Grade: 150.61 - Cutoff Unit: US$/t #### Prior Estimate - Resource Date: 2026-02-28 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-05-01T00:00:00.000Z Reasoning: This Indicated resource for silver at Eagle is part of the new NI 43-101 compliant baseline, but the grade is relatively low. - Positive factor: High confidence Indicated category - Positive factor: Part of new baseline estimate - Positive factor: Underground mining method Evidence · table > 6.45 Context: 43 #### 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 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/talon-metals-announces-eagle-mine-ni-43-101-technical-report-results-provides-hi--d7cefb59-3299-4eda-927d-b804ae41c997#fact-resource-facts-19) Eagle Mine · platinum #### Identity - Project: Eagle Mine - Commodity: platinum - Region: michigan - Reported Region: Michigan - Ticker: TLO #### Resource scope - Estimate type: resource - Effective date: 2026-02-28T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Brian Thomas - Resource group id: resource:9d5e83a42f6ba5398ac8 - Deposit or zone: Eagle - Mining method: underground #### Resource Data - Category: indicated - Tonnes: 43000 - Grade: 0.34 - Grade Unit: g/t - Cutoff Grade: 150.61 - Cutoff Unit: US$/t #### Prior Estimate - Resource Date: 2026-02-28 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-05-01T00:00:00.000Z Reasoning: This Indicated resource for platinum at Eagle is part of the new NI 43-101 compliant baseline, contributing to the overall resource. - Positive factor: High confidence Indicated category - Positive factor: Part of new baseline estimate - Positive factor: Underground mining method Evidence · table > 0.34 Context: 43 #### 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 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/talon-metals-announces-eagle-mine-ni-43-101-technical-report-results-provides-hi--d7cefb59-3299-4eda-927d-b804ae41c997#fact-resource-facts-20) Eagle Mine · palladium #### Identity - Project: Eagle Mine - Commodity: palladium - Region: michigan - Reported Region: Michigan - Ticker: TLO #### Resource scope - Estimate type: resource - Effective date: 2026-02-28T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Brian Thomas - Resource group id: resource:9d5e83a42f6ba5398ac8 - Deposit or zone: Eagle - Mining method: underground #### Resource Data - Category: indicated - Tonnes: 43000 - Grade: 0.21 - Grade Unit: g/t - Cutoff Grade: 150.61 - Cutoff Unit: US$/t #### Prior Estimate - Resource Date: 2026-02-28 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-05-01T00:00:00.000Z Reasoning: This Indicated resource for palladium at Eagle is part of the new NI 43-101 compliant baseline, contributing to the overall resource. - Positive factor: High confidence Indicated category - Positive factor: Part of new baseline estimate - Positive factor: Underground mining method Evidence · table > 0.21 Context: 43 #### 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 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/talon-metals-announces-eagle-mine-ni-43-101-technical-report-results-provides-hi--d7cefb59-3299-4eda-927d-b804ae41c997#fact-resource-facts-21) Eagle Mine · nickel #### Identity - Project: Eagle Mine - Commodity: nickel - Region: michigan - Reported Region: Michigan - Ticker: TLO #### Resource scope - Estimate type: resource - Effective date: 2026-02-28T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Brian Thomas - Resource group id: resource:99522275915f5f158e90 - Deposit or zone: Eagle East - Mining method: underground #### Resource Data - Category: indicated - Tonnes: 1164000 - Grade: 1.54 - Grade Unit: % - Cutoff Grade: 150.61 - Cutoff Unit: US$/t #### Prior Estimate - Resource Date: 2026-02-28 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-05-01T00:00:00.000Z Reasoning: This M&I resource for nickel at Eagle East is part of the new NI 43-101 compliant baseline, providing high confidence for future mine planning. - Positive factor: High confidence M&I category - Positive factor: Part of new baseline estimate - Positive factor: Underground mining method Evidence · table > 1.54 Context: 1,164 #### 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 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/talon-metals-announces-eagle-mine-ni-43-101-technical-report-results-provides-hi--d7cefb59-3299-4eda-927d-b804ae41c997#fact-resource-facts-22) Eagle Mine · copper #### Identity - Project: Eagle Mine - Commodity: copper - Region: michigan - Reported Region: Michigan - Ticker: TLO #### Resource scope - Estimate type: resource - Effective date: 2026-02-28T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Brian Thomas - Resource group id: resource:99522275915f5f158e90 - Deposit or zone: Eagle East - Mining method: underground #### Resource Data - Category: indicated - Tonnes: 1164000 - Grade: 1.29 - Grade Unit: % - Cutoff Grade: 150.61 - Cutoff Unit: US$/t #### Prior Estimate - Resource Date: 2026-02-28 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-05-01T00:00:00.000Z Reasoning: This M&I resource for copper at Eagle East is part of the new NI 43-101 compliant baseline, providing high confidence for future mine planning. - Positive factor: High confidence M&I category - Positive factor: Part of new baseline estimate - Positive factor: Underground mining method Evidence · table > 1.29 Context: 1,164 #### 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 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/talon-metals-announces-eagle-mine-ni-43-101-technical-report-results-provides-hi--d7cefb59-3299-4eda-927d-b804ae41c997#fact-resource-facts-23) Eagle Mine · cobalt #### Identity - Project: Eagle Mine - Commodity: cobalt - Region: michigan - Reported Region: Michigan - Ticker: TLO #### Resource scope - Estimate type: resource - Effective date: 2026-02-28T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Brian Thomas - Resource group id: resource:99522275915f5f158e90 - Deposit or zone: Eagle East - Mining method: underground #### Resource Data - Category: indicated - Tonnes: 1164000 - Grade: 0.04 - Grade Unit: % - Cutoff Grade: 150.61 - Cutoff Unit: US$/t #### Prior Estimate - Resource Date: 2026-02-28 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-05-01T00:00:00.000Z Reasoning: This M&I resource for cobalt at Eagle East is part of the new NI 43-101 compliant baseline, contributing to the overall resource. - Positive factor: High confidence M&I category - Positive factor: Part of new baseline estimate - Positive factor: Underground mining method Evidence · table > 0.04 Context: 1,164 #### 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 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/talon-metals-announces-eagle-mine-ni-43-101-technical-report-results-provides-hi--d7cefb59-3299-4eda-927d-b804ae41c997#fact-resource-facts-24) Eagle Mine · gold #### Identity - Project: Eagle Mine - Commodity: gold - Region: michigan - Reported Region: Michigan - Ticker: TLO #### Resource scope - Estimate type: resource - Effective date: 2026-02-28T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Brian Thomas - Resource group id: resource:99522275915f5f158e90 - Deposit or zone: Eagle East - Mining method: underground #### Resource Data - Category: indicated - Tonnes: 1164000 - Grade: 0.16 - Grade Unit: g/t - Cutoff Grade: 150.61 - Cutoff Unit: US$/t #### Prior Estimate - Resource Date: 2026-02-28 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-05-01T00:00:00.000Z Reasoning: This M&I resource for gold at Eagle East is part of the new NI 43-101 compliant baseline, but the grade is relatively low. - Positive factor: High confidence M&I category - Positive factor: Part of new baseline estimate - Positive factor: Underground mining method Evidence · table > 0.16 Context: 1,164 #### 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 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/talon-metals-announces-eagle-mine-ni-43-101-technical-report-results-provides-hi--d7cefb59-3299-4eda-927d-b804ae41c997#fact-resource-facts-25) Eagle Mine · silver #### Identity - Project: Eagle Mine - Commodity: silver - Region: michigan - Reported Region: Michigan - Ticker: TLO #### Resource scope - Estimate type: resource - Effective date: 2026-02-28T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Brian Thomas - Resource group id: resource:99522275915f5f158e90 - Deposit or zone: Eagle East - Mining method: underground #### Resource Data - Category: indicated - Tonnes: 1164000 - Grade: 5.4 - Grade Unit: g/t - Cutoff Grade: 150.61 - Cutoff Unit: US$/t #### Prior Estimate - Resource Date: 2026-02-28 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-05-01T00:00:00.000Z Reasoning: This M&I resource for silver at Eagle East is part of the new NI 43-101 compliant baseline, but the grade is relatively low. - Positive factor: High confidence M&I category - Positive factor: Part of new baseline estimate - Positive factor: Underground mining method Evidence · table > 5.40 Context: 1,164 #### 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 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/talon-metals-announces-eagle-mine-ni-43-101-technical-report-results-provides-hi--d7cefb59-3299-4eda-927d-b804ae41c997#fact-resource-facts-26) Eagle Mine · platinum #### Identity - Project: Eagle Mine - Commodity: platinum - Region: michigan - Reported Region: Michigan - Ticker: TLO #### Resource scope - Estimate type: resource - Effective date: 2026-02-28T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Brian Thomas - Resource group id: resource:99522275915f5f158e90 - Deposit or zone: Eagle East - Mining method: underground #### Resource Data - Category: indicated - Tonnes: 1164000 - Grade: 0.39 - Grade Unit: g/t - Cutoff Grade: 150.61 - Cutoff Unit: US$/t #### Prior Estimate - Resource Date: 2026-02-28 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-05-01T00:00:00.000Z Reasoning: This M&I resource for platinum at Eagle East is part of the new NI 43-101 compliant baseline, contributing to the overall resource. - Positive factor: High confidence M&I category - Positive factor: Part of new baseline estimate - Positive factor: Underground mining method Evidence · table > 0.39 Context: 1,164 #### 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 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/talon-metals-announces-eagle-mine-ni-43-101-technical-report-results-provides-hi--d7cefb59-3299-4eda-927d-b804ae41c997#fact-resource-facts-27) Eagle Mine · palladium #### Identity - Project: Eagle Mine - Commodity: palladium - Region: michigan - Reported Region: Michigan - Ticker: TLO #### Resource scope - Estimate type: resource - Effective date: 2026-02-28T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Brian Thomas - Resource group id: resource:99522275915f5f158e90 - Deposit or zone: Eagle East - Mining method: underground #### Resource Data - Category: indicated - Tonnes: 1164000 - Grade: 0.27 - Grade Unit: g/t - Cutoff Grade: 150.61 - Cutoff Unit: US$/t #### Prior Estimate - Resource Date: 2026-02-28 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-05-01T00:00:00.000Z Reasoning: This M&I resource for palladium at Eagle East is part of the new NI 43-101 compliant baseline, contributing to the overall resource. - Positive factor: High confidence M&I category - Positive factor: Part of new baseline estimate - Positive factor: Underground mining method Evidence · table > 0.27 Context: 1,164 #### 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 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/talon-metals-announces-eagle-mine-ni-43-101-technical-report-results-provides-hi--d7cefb59-3299-4eda-927d-b804ae41c997#fact-resource-facts-28) Eagle Mine · nickel #### Identity - Project: Eagle Mine - Commodity: nickel - Region: michigan - Reported Region: Michigan - Ticker: TLO #### Resource scope - Estimate type: resource - Effective date: 2026-02-28T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Brian Thomas - Resource group id: resource:79cdcf3fadc3fa45671a - Deposit or zone: Keel - Mining method: underground #### Resource Data - Category: indicated - Tonnes: 2053000 - Grade: 1.14 - Grade Unit: % - Cutoff Grade: 150.61 - Cutoff Unit: US$/t #### Prior Estimate - Resource Date: 2026-02-28 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-05-01T00:00:00.000Z Reasoning: This M&I resource for nickel at Keel is part of the new NI 43-101 compliant baseline, providing high confidence for future mine planning. - Positive factor: High confidence M&I category - Positive factor: Part of new baseline estimate - Positive factor: Underground mining method Evidence · table > 1.14 Context: 2,053 #### 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 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/talon-metals-announces-eagle-mine-ni-43-101-technical-report-results-provides-hi--d7cefb59-3299-4eda-927d-b804ae41c997#fact-resource-facts-29) Eagle Mine · copper #### Identity - Project: Eagle Mine - Commodity: copper - Region: michigan - Reported Region: Michigan - Ticker: TLO #### Resource scope - Estimate type: resource - Effective date: 2026-02-28T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Brian Thomas - Resource group id: resource:79cdcf3fadc3fa45671a - Deposit or zone: Keel - Mining method: underground #### Resource Data - Category: indicated - Tonnes: 2053000 - Grade: 0.78 - Grade Unit: % - Cutoff Grade: 150.61 - Cutoff Unit: US$/t #### Prior Estimate - Resource Date: 2026-02-28 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-05-01T00:00:00.000Z Reasoning: This M&I resource for copper at Keel is part of the new NI 43-101 compliant baseline, providing high confidence for future mine planning. - Positive factor: High confidence M&I category - Positive factor: Part of new baseline estimate - Positive factor: Underground mining method Evidence · table > 0.78 Context: 2,053 #### 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 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/talon-metals-announces-eagle-mine-ni-43-101-technical-report-results-provides-hi--d7cefb59-3299-4eda-927d-b804ae41c997#fact-resource-facts-30) Eagle Mine · cobalt #### Identity - Project: Eagle Mine - Commodity: cobalt - Region: michigan - Reported Region: Michigan - Ticker: TLO #### Resource scope - Estimate type: resource - Effective date: 2026-02-28T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Brian Thomas - Resource group id: resource:79cdcf3fadc3fa45671a - Deposit or zone: Keel - Mining method: underground #### Resource Data - Category: indicated - Tonnes: 2053000 - Grade: 0.03 - Grade Unit: % - Cutoff Grade: 150.61 - Cutoff Unit: US$/t #### Prior Estimate - Resource Date: 2026-02-28 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-05-01T00:00:00.000Z Reasoning: This M&I resource for cobalt at Keel is part of the new NI 43-101 compliant baseline, contributing to the overall resource. - Positive factor: High confidence M&I category - Positive factor: Part of new baseline estimate - Positive factor: Underground mining method Evidence · table > 0.03 Context: 2,053 #### 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 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/talon-metals-announces-eagle-mine-ni-43-101-technical-report-results-provides-hi--d7cefb59-3299-4eda-927d-b804ae41c997#fact-resource-facts-31) Eagle Mine · gold #### Identity - Project: Eagle Mine - Commodity: gold - Region: michigan - Reported Region: Michigan - Ticker: TLO #### Resource scope - Estimate type: resource - Effective date: 2026-02-28T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Brian Thomas - Resource group id: resource:79cdcf3fadc3fa45671a - Deposit or zone: Keel - Mining method: underground #### Resource Data - Category: indicated - Tonnes: 2053000 - Grade: 0.08 - Grade Unit: g/t - Cutoff Grade: 150.61 - Cutoff Unit: US$/t #### Prior Estimate - Resource Date: 2026-02-28 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-05-01T00:00:00.000Z Reasoning: This M&I resource for gold at Keel is part of the new NI 43-101 compliant baseline, but the grade is relatively low. - Positive factor: High confidence M&I category - Positive factor: Part of new baseline estimate - Positive factor: Underground mining method Evidence · table > 0.08 Context: 2,053 #### 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 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/talon-metals-announces-eagle-mine-ni-43-101-technical-report-results-provides-hi--d7cefb59-3299-4eda-927d-b804ae41c997#fact-resource-facts-32) Eagle Mine · silver #### Identity - Project: Eagle Mine - Commodity: silver - Region: michigan - Reported Region: Michigan - Ticker: TLO #### Resource scope - Estimate type: resource - Effective date: 2026-02-28T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Brian Thomas - Resource group id: resource:79cdcf3fadc3fa45671a - Deposit or zone: Keel - Mining method: underground #### Resource Data - Category: indicated - Tonnes: 2053000 - Grade: 3.12 - Grade Unit: g/t - Cutoff Grade: 150.61 - Cutoff Unit: US$/t #### Prior Estimate - Resource Date: 2026-02-28 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-05-01T00:00:00.000Z Reasoning: This M&I resource for silver at Keel is part of the new NI 43-101 compliant baseline, but the grade is relatively low. - Positive factor: High confidence M&I category - Positive factor: Part of new baseline estimate - Positive factor: Underground mining method Evidence · table > 3.12 Context: 2,053 #### 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 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/talon-metals-announces-eagle-mine-ni-43-101-technical-report-results-provides-hi--d7cefb59-3299-4eda-927d-b804ae41c997#fact-resource-facts-33) Eagle Mine · platinum #### Identity - Project: Eagle Mine - Commodity: platinum - Region: michigan - Reported Region: Michigan - Ticker: TLO #### Resource scope - Estimate type: resource - Effective date: 2026-02-28T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Brian Thomas - Resource group id: resource:79cdcf3fadc3fa45671a - Deposit or zone: Keel - Mining method: underground #### Resource Data - Category: indicated - Tonnes: 2053000 - Grade: 0.2 - Grade Unit: g/t - Cutoff Grade: 150.61 - Cutoff Unit: US$/t #### Prior Estimate - Resource Date: 2026-02-28 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-05-01T00:00:00.000Z Reasoning: This M&I resource for platinum at Keel is part of the new NI 43-101 compliant baseline, contributing to the overall resource. - Positive factor: High confidence M&I category - Positive factor: Part of new baseline estimate - Positive factor: Underground mining method Evidence · table > 0.20 Context: 2,053 #### 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 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/talon-metals-announces-eagle-mine-ni-43-101-technical-report-results-provides-hi--d7cefb59-3299-4eda-927d-b804ae41c997#fact-resource-facts-34) Eagle Mine · palladium #### Identity - Project: Eagle Mine - Commodity: palladium - Region: michigan - Reported Region: Michigan - Ticker: TLO #### Resource scope - Estimate type: resource - Effective date: 2026-02-28T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Brian Thomas - Resource group id: resource:79cdcf3fadc3fa45671a - Deposit or zone: Keel - Mining method: underground #### Resource Data - Category: indicated - Tonnes: 2053000 - Grade: 0.14 - Grade Unit: g/t - Cutoff Grade: 150.61 - Cutoff Unit: US$/t #### Prior Estimate - Resource Date: 2026-02-28 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-05-01T00:00:00.000Z Reasoning: This M&I resource for palladium at Keel is part of the new NI 43-101 compliant baseline, contributing to the overall resource. - Positive factor: High confidence M&I category - Positive factor: Part of new baseline estimate - Positive factor: Underground mining method Evidence · table > 0.14 Context: 2,053 #### 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 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/talon-metals-announces-eagle-mine-ni-43-101-technical-report-results-provides-hi--d7cefb59-3299-4eda-927d-b804ae41c997#fact-resource-facts-35) Eagle Mine · nickel #### Identity - Project: Eagle Mine - Commodity: nickel - Region: michigan - Reported Region: Michigan - Ticker: TLO #### Resource scope - Estimate type: resource - Effective date: 2026-02-28T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Brian Thomas - Resource group id: resource:4952de54cc89cc2a800d - Deposit or zone: Total Indicated - Mining method: underground #### Resource Data - Category: indicated - Tonnes: 3260000 - Grade: 1.28 - Grade Unit: % - Cutoff Grade: 150.61 - Cutoff Unit: US$/t #### Prior Estimate - Resource Date: 2026-02-28 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-05-01T00:00:00.000Z Reasoning: This total Indicated resource for nickel is part of the new NI 43-101 compliant baseline, providing high confidence for future mine planning. - Positive factor: High confidence Indicated category - Positive factor: Part of new baseline estimate - Positive factor: Underground mining method Evidence · table > 1.28 Context: 3,260 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **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 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/talon-metals-announces-eagle-mine-ni-43-101-technical-report-results-provides-hi--d7cefb59-3299-4eda-927d-b804ae41c997#fact-resource-facts-36) Eagle Mine · copper #### Identity - Project: Eagle Mine - Commodity: copper - Region: michigan - Reported Region: Michigan - Ticker: TLO #### Resource scope - Estimate type: resource - Effective date: 2026-02-28T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Brian Thomas - Resource group id: resource:4952de54cc89cc2a800d - Deposit or zone: Total Indicated - Mining method: underground #### Resource Data - Category: indicated - Tonnes: 3260000 - Grade: 0.97 - Grade Unit: % - Cutoff Grade: 150.61 - Cutoff Unit: US$/t #### Prior Estimate - Resource Date: 2026-02-28 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-05-01T00:00:00.000Z Reasoning: This total Indicated resource for copper is part of the new NI 43-101 compliant baseline, providing high confidence for future mine planning. - Positive factor: High confidence Indicated category - Positive factor: Part of new baseline estimate - Positive factor: Underground mining method Evidence · table > 0.97 Context: 3,260 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **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 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/talon-metals-announces-eagle-mine-ni-43-101-technical-report-results-provides-hi--d7cefb59-3299-4eda-927d-b804ae41c997#fact-resource-facts-37) Eagle Mine · cobalt #### Identity - Project: Eagle Mine - Commodity: cobalt - Region: michigan - Reported Region: Michigan - Ticker: TLO #### Resource scope - Estimate type: resource - Effective date: 2026-02-28T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Brian Thomas - Resource group id: resource:4952de54cc89cc2a800d - Deposit or zone: Total Indicated - Mining method: underground #### Resource Data - Category: indicated - Tonnes: 3260000 - Grade: 0.03 - Grade Unit: % - Cutoff Grade: 150.61 - Cutoff Unit: US$/t #### Prior Estimate - Resource Date: 2026-02-28 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-05-01T00:00:00.000Z Reasoning: This total Indicated resource for cobalt is part of the new NI 43-101 compliant baseline, contributing to the overall resource. - Positive factor: High confidence Indicated category - Positive factor: Part of new baseline estimate - Positive factor: Underground mining method Evidence · table > 0.03 Context: 3,260 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **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 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/talon-metals-announces-eagle-mine-ni-43-101-technical-report-results-provides-hi--d7cefb59-3299-4eda-927d-b804ae41c997#fact-resource-facts-38) Eagle Mine · gold #### Identity - Project: Eagle Mine - Commodity: gold - Region: michigan - Reported Region: Michigan - Ticker: TLO #### Resource scope - Estimate type: resource - Effective date: 2026-02-28T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Brian Thomas - Resource group id: resource:4952de54cc89cc2a800d - Deposit or zone: Total Indicated - Mining method: underground #### Resource Data - Category: indicated - Tonnes: 3260000 - Grade: 0.11 - Grade Unit: g/t - Cutoff Grade: 150.61 - Cutoff Unit: US$/t #### Prior Estimate - Resource Date: 2026-02-28 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-05-01T00:00:00.000Z Reasoning: This total Indicated resource for gold is part of the new NI 43-101 compliant baseline, but the grade is relatively low. - Positive factor: High confidence Indicated category - Positive factor: Part of new baseline estimate - Positive factor: Underground mining method Evidence · table > 0.11 Context: 3,260 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **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 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/talon-metals-announces-eagle-mine-ni-43-101-technical-report-results-provides-hi--d7cefb59-3299-4eda-927d-b804ae41c997#fact-resource-facts-39) Eagle Mine · silver #### Identity - Project: Eagle Mine - Commodity: silver - Region: michigan - Reported Region: Michigan - Ticker: TLO #### Resource scope - Estimate type: resource - Effective date: 2026-02-28T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Brian Thomas - Resource group id: resource:4952de54cc89cc2a800d - Deposit or zone: Total Indicated - Mining method: underground #### Resource Data - Category: indicated - Tonnes: 3260000 - Grade: 3.98 - Grade Unit: g/t - Cutoff Grade: 150.61 - Cutoff Unit: US$/t #### Prior Estimate - Resource Date: 2026-02-28 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-05-01T00:00:00.000Z Reasoning: This total Indicated resource for silver is part of the new NI 43-101 compliant baseline, but the grade is relatively low. - Positive factor: High confidence Indicated category - Positive factor: Part of new baseline estimate - Positive factor: Underground mining method Evidence · table > 3.98 Context: 3,260 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **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 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/talon-metals-announces-eagle-mine-ni-43-101-technical-report-results-provides-hi--d7cefb59-3299-4eda-927d-b804ae41c997#fact-resource-facts-40) Eagle Mine · platinum #### Identity - Project: Eagle Mine - Commodity: platinum - Region: michigan - Reported Region: Michigan - Ticker: TLO #### Resource scope - Estimate type: resource - Effective date: 2026-02-28T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Brian Thomas - Resource group id: resource:4952de54cc89cc2a800d - Deposit or zone: Total Indicated - Mining method: underground #### Resource Data - Category: indicated - Tonnes: 3260000 - Grade: 0.27 - Grade Unit: g/t - Cutoff Grade: 150.61 - Cutoff Unit: US$/t #### Prior Estimate - Resource Date: 2026-02-28 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-05-01T00:00:00.000Z Reasoning: This total Indicated resource for platinum is part of the new NI 43-101 compliant baseline, contributing to the overall resource. - Positive factor: High confidence Indicated category - Positive factor: Part of new baseline estimate - Positive factor: Underground mining method Evidence · table > 0.27 Context: 3,260 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **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 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/talon-metals-announces-eagle-mine-ni-43-101-technical-report-results-provides-hi--d7cefb59-3299-4eda-927d-b804ae41c997#fact-resource-facts-41) Eagle Mine · palladium #### Identity - Project: Eagle Mine - Commodity: palladium - Region: michigan - Reported Region: Michigan - Ticker: TLO #### Resource scope - Estimate type: resource - Effective date: 2026-02-28T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Brian Thomas - Resource group id: resource:4952de54cc89cc2a800d - Deposit or zone: Total Indicated - Mining method: underground #### Resource Data - Category: indicated - Tonnes: 3260000 - Grade: 0.18 - Grade Unit: g/t - Cutoff Grade: 150.61 - Cutoff Unit: US$/t #### Prior Estimate - Resource Date: 2026-02-28 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-05-01T00:00:00.000Z Reasoning: This total Indicated resource for palladium is part of the new NI 43-101 compliant baseline, contributing to the overall resource. - Positive factor: High confidence Indicated category - Positive factor: Part of new baseline estimate - Positive factor: Underground mining method Evidence · table > 0.18 Context: 3,260 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **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 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/talon-metals-announces-eagle-mine-ni-43-101-technical-report-results-provides-hi--d7cefb59-3299-4eda-927d-b804ae41c997#fact-resource-facts-42) Eagle Mine · nickel #### Identity - Project: Eagle Mine - Commodity: nickel - Region: michigan - Reported Region: Michigan - Ticker: TLO #### Resource scope - Estimate type: resource - Effective date: 2026-02-28T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Brian Thomas - Resource group id: resource:bd4672ad4b7b2ff69232 - Deposit or zone: Eagle - Mining method: underground #### Resource Data - Category: indicated - Tonnes: 82000 - Grade: 1.19 - Grade Unit: % - Cutoff Grade: 150.61 - Cutoff Unit: US$/t #### Prior Estimate - Resource Date: 2026-02-28 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-05-01T00:00:00.000Z Reasoning: This M&I resource for nickel at Eagle is part of the new NI 43-101 compliant baseline, providing high confidence for future mine planning. - Positive factor: High confidence M&I category - Positive factor: Part of new baseline estimate - Positive factor: Underground mining method Evidence · table > 1.19 Context: 82 #### 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 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/talon-metals-announces-eagle-mine-ni-43-101-technical-report-results-provides-hi--d7cefb59-3299-4eda-927d-b804ae41c997#fact-resource-facts-43) Eagle Mine · copper #### Identity - Project: Eagle Mine - Commodity: copper - Region: michigan - Reported Region: Michigan - Ticker: TLO #### Resource scope - Estimate type: resource - Effective date: 2026-02-28T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Brian Thomas - Resource group id: resource:bd4672ad4b7b2ff69232 - Deposit or zone: Eagle - Mining method: underground #### Resource Data - Category: indicated - Tonnes: 82000 - Grade: 1.33 - Grade Unit: % - Cutoff Grade: 150.61 - Cutoff Unit: US$/t #### Prior Estimate - Resource Date: 2026-02-28 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-05-01T00:00:00.000Z Reasoning: This M&I resource for copper at Eagle is part of the new NI 43-101 compliant baseline, providing high confidence for future mine planning. - Positive factor: High confidence M&I category - Positive factor: Part of new baseline estimate - Positive factor: Underground mining method Evidence · table > 1.33 Context: 82 #### 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 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/talon-metals-announces-eagle-mine-ni-43-101-technical-report-results-provides-hi--d7cefb59-3299-4eda-927d-b804ae41c997#fact-resource-facts-44) Eagle Mine · cobalt #### Identity - Project: Eagle Mine - Commodity: cobalt - Region: michigan - Reported Region: Michigan - Ticker: TLO #### Resource scope - Estimate type: resource - Effective date: 2026-02-28T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Brian Thomas - Resource group id: resource:bd4672ad4b7b2ff69232 - Deposit or zone: Eagle - Mining method: underground #### Resource Data - Category: indicated - Tonnes: 82000 - Grade: 0.03 - Grade Unit: % - Cutoff Grade: 150.61 - Cutoff Unit: US$/t #### Prior Estimate - Resource Date: 2026-02-28 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-05-01T00:00:00.000Z Reasoning: This M&I resource for cobalt at Eagle is part of the new NI 43-101 compliant baseline, contributing to the overall resource. - Positive factor: High confidence M&I category - Positive factor: Part of new baseline estimate - Positive factor: Underground mining method Evidence · table > 0.03 Context: 82 #### 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 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/talon-metals-announces-eagle-mine-ni-43-101-technical-report-results-provides-hi--d7cefb59-3299-4eda-927d-b804ae41c997#fact-resource-facts-45) Eagle Mine · gold #### Identity - Project: Eagle Mine - Commodity: gold - Region: michigan - Reported Region: Michigan - Ticker: TLO #### Resource scope - Estimate type: resource - Effective date: 2026-02-28T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Brian Thomas - Resource group id: resource:bd4672ad4b7b2ff69232 - Deposit or zone: Eagle - Mining method: underground #### Resource Data - Category: indicated - Tonnes: 82000 - Grade: 0.19 - Grade Unit: g/t - Cutoff Grade: 150.61 - Cutoff Unit: US$/t #### Prior Estimate - Resource Date: 2026-02-28 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-05-01T00:00:00.000Z Reasoning: This M&I resource for gold at Eagle is part of the new NI 43-101 compliant baseline, but the grade is relatively low. - Positive factor: High confidence M&I category - Positive factor: Part of new baseline estimate - Positive factor: Underground mining method Evidence · table > 0.19 Context: 82 #### 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 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/talon-metals-announces-eagle-mine-ni-43-101-technical-report-results-provides-hi--d7cefb59-3299-4eda-927d-b804ae41c997#fact-resource-facts-46) Eagle Mine · silver #### Identity - Project: Eagle Mine - Commodity: silver - Region: michigan - Reported Region: Michigan - Ticker: TLO #### Resource scope - Estimate type: resource - Effective date: 2026-02-28T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Brian Thomas - Resource group id: resource:bd4672ad4b7b2ff69232 - Deposit or zone: Eagle - Mining method: underground #### Resource Data - Category: indicated - Tonnes: 82000 - Grade: 6.88 - Grade Unit: g/t - Cutoff Grade: 150.61 - Cutoff Unit: US$/t #### Prior Estimate - Resource Date: 2026-02-28 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-05-01T00:00:00.000Z Reasoning: This M&I resource for silver at Eagle is part of the new NI 43-101 compliant baseline, but the grade is relatively low. - Positive factor: High confidence M&I category - Positive factor: Part of new baseline estimate - Positive factor: Underground mining method Evidence · table > 6.88 Context: 82 #### 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 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/talon-metals-announces-eagle-mine-ni-43-101-technical-report-results-provides-hi--d7cefb59-3299-4eda-927d-b804ae41c997#fact-resource-facts-47) Eagle Mine · platinum #### Identity - Project: Eagle Mine - Commodity: platinum - Region: michigan - Reported Region: Michigan - Ticker: TLO #### Resource scope - Estimate type: resource - Effective date: 2026-02-28T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Brian Thomas - Resource group id: resource:bd4672ad4b7b2ff69232 - Deposit or zone: Eagle - Mining method: underground #### Resource Data - Category: indicated - Tonnes: 82000 - Grade: 0.36 - Grade Unit: g/t - Cutoff Grade: 150.61 - Cutoff Unit: US$/t #### Prior Estimate - Resource Date: 2026-02-28 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-05-01T00:00:00.000Z Reasoning: This M&I resource for platinum at Eagle is part of the new NI 43-101 compliant baseline, contributing to the overall resource. - Positive factor: High confidence M&I category - Positive factor: Part of new baseline estimate - Positive factor: Underground mining method Evidence · table > 0.36 Context: 82 #### 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 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/talon-metals-announces-eagle-mine-ni-43-101-technical-report-results-provides-hi--d7cefb59-3299-4eda-927d-b804ae41c997#fact-resource-facts-48) Eagle Mine · palladium #### Identity - Project: Eagle Mine - Commodity: palladium - Region: michigan - Reported Region: Michigan - Ticker: TLO #### Resource scope - Estimate type: resource - Effective date: 2026-02-28T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Brian Thomas - Resource group id: resource:bd4672ad4b7b2ff69232 - Deposit or zone: Eagle - Mining method: underground #### Resource Data - Category: indicated - Tonnes: 82000 - Grade: 0.22 - Grade Unit: g/t - Cutoff Grade: 150.61 - Cutoff Unit: US$/t #### Prior Estimate - Resource Date: 2026-02-28 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-05-01T00:00:00.000Z Reasoning: This M&I resource for palladium at Eagle is part of the new NI 43-101 compliant baseline, contributing to the overall resource. - Positive factor: High confidence M&I category - Positive factor: Part of new baseline estimate - Positive factor: Underground mining method Evidence · table > 0.22 Context: 82 #### 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 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/talon-metals-announces-eagle-mine-ni-43-101-technical-report-results-provides-hi--d7cefb59-3299-4eda-927d-b804ae41c997#fact-resource-facts-49) Eagle Mine · nickel #### Identity - Project: Eagle Mine - Commodity: nickel - Region: michigan - Reported Region: Michigan - Ticker: TLO #### Resource scope - Estimate type: resource - Effective date: 2026-02-28T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Brian Thomas - Resource group id: resource:0c5b703795e6c14d1f61 - Deposit or zone: Total M&I - Mining method: underground #### Resource Data - Category: indicated - Tonnes: 3299000 - Grade: 1.28 - Grade Unit: % - Cutoff Grade: 150.61 - Cutoff Unit: US$/t #### Prior Estimate - Resource Date: 2026-02-28 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-05-01T00:00:00.000Z Reasoning: This total M&I resource for nickel is part of the new NI 43-101 compliant baseline, providing high confidence for future mine planning. - Positive factor: High confidence M&I category - Positive factor: Part of new baseline estimate - Positive factor: Underground mining method Evidence · table > 1.28 Context: 3,299 #### 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 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/talon-metals-announces-eagle-mine-ni-43-101-technical-report-results-provides-hi--d7cefb59-3299-4eda-927d-b804ae41c997#fact-resource-facts-50) Eagle Mine · copper #### Identity - Project: Eagle Mine - Commodity: copper - Region: michigan - Reported Region: Michigan - Ticker: TLO #### Resource scope - Estimate type: resource - Effective date: 2026-02-28T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Brian Thomas - Resource group id: resource:0c5b703795e6c14d1f61 - Deposit or zone: Total M&I - Mining method: underground #### Resource Data - Category: indicated - Tonnes: 3299000 - Grade: 0.97 - Grade Unit: % - Cutoff Grade: 150.61 - Cutoff Unit: US$/t #### Prior Estimate - Resource Date: 2026-02-28 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-05-01T00:00:00.000Z Reasoning: This total M&I resource for copper is part of the new NI 43-101 compliant baseline, providing high confidence for future mine planning. - Positive factor: High confidence M&I category - Positive factor: Part of new baseline estimate - Positive factor: Underground mining method Evidence · table > 0.97 Context: 3,299 #### 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 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/talon-metals-announces-eagle-mine-ni-43-101-technical-report-results-provides-hi--d7cefb59-3299-4eda-927d-b804ae41c997#fact-resource-facts-51) Eagle Mine · cobalt #### Identity - Project: Eagle Mine - Commodity: cobalt - Region: michigan - Reported Region: Michigan - Ticker: TLO #### Resource scope - Estimate type: resource - Effective date: 2026-02-28T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Brian Thomas - Resource group id: resource:0c5b703795e6c14d1f61 - Deposit or zone: Total M&I - Mining method: underground #### Resource Data - Category: indicated - Tonnes: 3299000 - Grade: 0.03 - Grade Unit: % - Cutoff Grade: 150.61 - Cutoff Unit: US$/t #### Prior Estimate - Resource Date: 2026-02-28 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-05-01T00:00:00.000Z Reasoning: This total M&I resource for cobalt is part of the new NI 43-101 compliant baseline, contributing to the overall resource. - Positive factor: High confidence M&I category - Positive factor: Part of new baseline estimate - Positive factor: Underground mining method Evidence · table > 0.03 Context: 3,299 #### 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 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/talon-metals-announces-eagle-mine-ni-43-101-technical-report-results-provides-hi--d7cefb59-3299-4eda-927d-b804ae41c997#fact-resource-facts-52) Eagle Mine · gold #### Identity - Project: Eagle Mine - Commodity: gold - Region: michigan - Reported Region: Michigan - Ticker: TLO #### Resource scope - Estimate type: resource - Effective date: 2026-02-28T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Brian Thomas - Resource group id: resource:0c5b703795e6c14d1f61 - Deposit or zone: Total M&I - Mining method: underground #### Resource Data - Category: indicated - Tonnes: 3299000 - Grade: 0.11 - Grade Unit: g/t - Cutoff Grade: 150.61 - Cutoff Unit: US$/t #### Prior Estimate - Resource Date: 2026-02-28 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-05-01T00:00:00.000Z Reasoning: This total M&I resource for gold is part of the new NI 43-101 compliant baseline, but the grade is relatively low. - Positive factor: High confidence M&I category - Positive factor: Part of new baseline estimate - Positive factor: Underground mining method Evidence · table > 0.11 Context: 3,299 #### 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 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/talon-metals-announces-eagle-mine-ni-43-101-technical-report-results-provides-hi--d7cefb59-3299-4eda-927d-b804ae41c997#fact-resource-facts-53) Eagle Mine · silver #### Identity - Project: Eagle Mine - Commodity: silver - Region: michigan - Reported Region: Michigan - Ticker: TLO #### Resource scope - Estimate type: resource - Effective date: 2026-02-28T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Brian Thomas - Resource group id: resource:0c5b703795e6c14d1f61 - Deposit or zone: Total M&I - Mining method: underground #### Resource Data - Category: indicated - Tonnes: 3299000 - Grade: 4.02 - Grade Unit: g/t - Cutoff Grade: 150.61 - Cutoff Unit: US$/t #### Prior Estimate - Resource Date: 2026-02-28 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-05-01T00:00:00.000Z Reasoning: This total M&I resource for silver is part of the new NI 43-101 compliant baseline, but the grade is relatively low. - Positive factor: High confidence M&I category - Positive factor: Part of new baseline estimate - Positive factor: Underground mining method Evidence · table > 4.02 Context: 3,299 #### 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 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/talon-metals-announces-eagle-mine-ni-43-101-technical-report-results-provides-hi--d7cefb59-3299-4eda-927d-b804ae41c997#fact-resource-facts-54) Eagle Mine · platinum #### Identity - Project: Eagle Mine - Commodity: platinum - Region: michigan - Reported Region: Michigan - Ticker: TLO #### Resource scope - Estimate type: resource - Effective date: 2026-02-28T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Brian Thomas - Resource group id: resource:0c5b703795e6c14d1f61 - Deposit or zone: Total M&I - Mining method: underground #### Resource Data - Category: indicated - Tonnes: 3299000 - Grade: 0.27 - Grade Unit: g/t - Cutoff Grade: 150.61 - Cutoff Unit: US$/t #### Prior Estimate - Resource Date: 2026-02-28 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-05-01T00:00:00.000Z Reasoning: This total M&I resource for platinum is part of the new NI 43-101 compliant baseline, contributing to the overall resource. - Positive factor: High confidence M&I category - Positive factor: Part of new baseline estimate - Positive factor: Underground mining method Evidence · table > 0.27 Context: 3,299 #### 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 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/talon-metals-announces-eagle-mine-ni-43-101-technical-report-results-provides-hi--d7cefb59-3299-4eda-927d-b804ae41c997#fact-resource-facts-55) Eagle Mine · palladium #### Identity - Project: Eagle Mine - Commodity: palladium - Region: michigan - Reported Region: Michigan - Ticker: TLO #### Resource scope - Estimate type: resource - Effective date: 2026-02-28T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Brian Thomas - Resource group id: resource:0c5b703795e6c14d1f61 - Deposit or zone: Total M&I - Mining method: underground #### Resource Data - Category: indicated - Tonnes: 3299000 - Grade: 0.19 - Grade Unit: g/t - Cutoff Grade: 150.61 - Cutoff Unit: US$/t #### Prior Estimate - Resource Date: 2026-02-28 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-05-01T00:00:00.000Z Reasoning: This total M&I resource for palladium is part of the new NI 43-101 compliant baseline, contributing to the overall resource. - Positive factor: High confidence M&I category - Positive factor: Part of new baseline estimate - Positive factor: Underground mining method Evidence · table > 0.19 Context: 3,299 #### 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 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/talon-metals-announces-eagle-mine-ni-43-101-technical-report-results-provides-hi--d7cefb59-3299-4eda-927d-b804ae41c997#fact-resource-facts-56) Eagle Mine · nickel #### Identity - Project: Eagle Mine - Commodity: nickel - Region: michigan - Reported Region: Michigan - Ticker: TLO #### Resource scope - Estimate type: resource - Effective date: 2026-02-28T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Brian Thomas - Resource group id: resource:b527a0295df1d1f4fa7b - Deposit or zone: Eagle - Mining method: underground #### Resource Data - Category: inferred - Tonnes: 19000 - Grade: 0.99 - Grade Unit: % - Cutoff Grade: 150.61 - Cutoff Unit: US$/t #### Prior Estimate - Resource Date: 2026-02-28 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-05-01T00:00:00.000Z Reasoning: This Inferred resource for nickel at Eagle is part of the new NI 43-101 compliant baseline, but has lower confidence than Measured or Indicated categories. - Positive factor: Part of new baseline estimate - Positive factor: Underground mining method - Negative factor: Lower confidence Inferred category Evidence · table > 0.99 Context: 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 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/talon-metals-announces-eagle-mine-ni-43-101-technical-report-results-provides-hi--d7cefb59-3299-4eda-927d-b804ae41c997#fact-resource-facts-57) Eagle Mine · copper #### Identity - Project: Eagle Mine - Commodity: copper - Region: michigan - Reported Region: Michigan - Ticker: TLO #### Resource scope - Estimate type: resource - Effective date: 2026-02-28T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Brian Thomas - Resource group id: resource:b527a0295df1d1f4fa7b - Deposit or zone: Eagle - Mining method: underground #### Resource Data - Category: inferred - Tonnes: 19000 - Grade: 0.82 - Grade Unit: % - Cutoff Grade: 150.61 - Cutoff Unit: US$/t #### Prior Estimate - Resource Date: 2026-02-28 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-05-01T00:00:00.000Z Reasoning: This Inferred resource for copper at Eagle is part of the new NI 43-101 compliant baseline, but has lower confidence than Measured or Indicated categories. - Positive factor: Part of new baseline estimate - Positive factor: Underground mining method - Negative factor: Lower confidence Inferred category Evidence · table > 0.82 Context: 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 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/talon-metals-announces-eagle-mine-ni-43-101-technical-report-results-provides-hi--d7cefb59-3299-4eda-927d-b804ae41c997#fact-resource-facts-58) Eagle Mine · cobalt #### Identity - Project: Eagle Mine - Commodity: cobalt - Region: michigan - Reported Region: Michigan - Ticker: TLO #### Resource scope - Estimate type: resource - Effective date: 2026-02-28T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Brian Thomas - Resource group id: resource:b527a0295df1d1f4fa7b - Deposit or zone: Eagle - Mining method: underground #### Resource Data - Category: inferred - Tonnes: 19000 - Grade: 0.03 - Grade Unit: % - Cutoff Grade: 150.61 - Cutoff Unit: US$/t #### Prior Estimate - Resource Date: 2026-02-28 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-05-01T00:00:00.000Z Reasoning: This Inferred resource for cobalt at Eagle is part of the new NI 43-101 compliant baseline, but has lower confidence than Measured or Indicated categories. - Positive factor: Part of new baseline estimate - Positive factor: Underground mining method - Negative factor: Lower confidence Inferred category Evidence · table > 0.03 Context: 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 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/talon-metals-announces-eagle-mine-ni-43-101-technical-report-results-provides-hi--d7cefb59-3299-4eda-927d-b804ae41c997#fact-resource-facts-59) Eagle Mine · gold #### Identity - Project: Eagle Mine - Commodity: gold - Region: michigan - Reported Region: Michigan - Ticker: TLO #### Resource scope - Estimate type: resource - Effective date: 2026-02-28T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Brian Thomas - Resource group id: resource:b527a0295df1d1f4fa7b - Deposit or zone: Eagle - Mining method: underground #### Resource Data - Category: inferred - Tonnes: 19000 - Grade: 0.09 - Grade Unit: g/t - Cutoff Grade: 150.61 - Cutoff Unit: US$/t #### Prior Estimate - Resource Date: 2026-02-28 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-05-01T00:00:00.000Z Reasoning: This Inferred resource for gold at Eagle is part of the new NI 43-101 compliant baseline, but has lower confidence and a low grade. - Positive factor: Part of new baseline estimate - Positive factor: Underground mining method - Negative factor: Lower confidence Inferred category - Negative factor: Low grade Evidence · table > 0.09 Context: 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 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/talon-metals-announces-eagle-mine-ni-43-101-technical-report-results-provides-hi--d7cefb59-3299-4eda-927d-b804ae41c997#fact-resource-facts-60) Eagle Mine · silver #### Identity - Project: Eagle Mine - Commodity: silver - Region: michigan - Reported Region: Michigan - Ticker: TLO #### Resource scope - Estimate type: resource - Effective date: 2026-02-28T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Brian Thomas - Resource group id: resource:b527a0295df1d1f4fa7b - Deposit or zone: Eagle - Mining method: underground #### Resource Data - Category: inferred - Tonnes: 19000 - Grade: 3.5 - Grade Unit: g/t - Cutoff Grade: 150.61 - Cutoff Unit: US$/t #### Prior Estimate - Resource Date: 2026-02-28 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-05-01T00:00:00.000Z Reasoning: This Inferred resource for silver at Eagle is part of the new NI 43-101 compliant baseline, but has lower confidence and a low grade. - Positive factor: Part of new baseline estimate - Positive factor: Underground mining method - Negative factor: Lower confidence Inferred category - Negative factor: Low grade Evidence · table > 3.50 Context: 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 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/talon-metals-announces-eagle-mine-ni-43-101-technical-report-results-provides-hi--d7cefb59-3299-4eda-927d-b804ae41c997#fact-resource-facts-61) Eagle Mine · platinum #### Identity - Project: Eagle Mine - Commodity: platinum - Region: michigan - Reported Region: Michigan - Ticker: TLO #### Resource scope - Estimate type: resource - Effective date: 2026-02-28T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Brian Thomas - Resource group id: resource:b527a0295df1d1f4fa7b - Deposit or zone: Eagle - Mining method: underground #### Resource Data - Category: inferred - Tonnes: 19000 - Grade: 0.21 - Grade Unit: g/t - Cutoff Grade: 150.61 - Cutoff Unit: US$/t #### Prior Estimate - Resource Date: 2026-02-28 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-05-01T00:00:00.000Z Reasoning: This Inferred resource for platinum at Eagle is part of the new NI 43-101 compliant baseline, contributing to the overall resource. - Positive factor: Part of new baseline estimate - Positive factor: Underground mining method - Negative factor: Lower confidence Inferred category Evidence · table > 0.21 Context: 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 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/talon-metals-announces-eagle-mine-ni-43-101-technical-report-results-provides-hi--d7cefb59-3299-4eda-927d-b804ae41c997#fact-resource-facts-62) Eagle Mine · palladium #### Identity - Project: Eagle Mine - Commodity: palladium - Region: michigan - Reported Region: Michigan - Ticker: TLO #### Resource scope - Estimate type: resource - Effective date: 2026-02-28T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Brian Thomas - Resource group id: resource:b527a0295df1d1f4fa7b - Deposit or zone: Eagle - Mining method: underground #### Resource Data - Category: inferred - Tonnes: 19000 - Grade: 0.14 - Grade Unit: g/t - Cutoff Grade: 150.61 - Cutoff Unit: US$/t #### Prior Estimate - Resource Date: 2026-02-28 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-05-01T00:00:00.000Z Reasoning: This Inferred resource for palladium at Eagle is part of the new NI 43-101 compliant baseline, contributing to the overall resource. - Positive factor: Part of new baseline estimate - Positive factor: Underground mining method - Negative factor: Lower confidence Inferred category Evidence · table > 0.14 Context: 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 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/talon-metals-announces-eagle-mine-ni-43-101-technical-report-results-provides-hi--d7cefb59-3299-4eda-927d-b804ae41c997#fact-resource-facts-63) Eagle Mine · nickel #### Identity - Project: Eagle Mine - Commodity: nickel - Region: michigan - Reported Region: Michigan - Ticker: TLO #### Resource scope - Estimate type: resource - Effective date: 2026-02-28T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Brian Thomas - Resource group id: resource:db594929743a8fbc44a0 - Deposit or zone: Keel - Mining method: underground #### Resource Data - Category: inferred - Tonnes: 113000 - Grade: 0.92 - Grade Unit: % - Cutoff Grade: 150.61 - Cutoff Unit: US$/t #### Prior Estimate - Resource Date: 2026-02-28 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-05-01T00:00:00.000Z Reasoning: This Inferred resource for nickel at Keel is part of the new NI 43-101 compliant baseline, but has lower confidence than Measured or Indicated categories. - Positive factor: Part of new baseline estimate - Positive factor: Underground mining method - Negative factor: Lower confidence Inferred category Evidence · table > 0.92 Context: 113 #### 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 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/talon-metals-announces-eagle-mine-ni-43-101-technical-report-results-provides-hi--d7cefb59-3299-4eda-927d-b804ae41c997#fact-resource-facts-64) Eagle Mine · copper #### Identity - Project: Eagle Mine - Commodity: copper - Region: michigan - Reported Region: Michigan - Ticker: TLO #### Resource scope - Estimate type: resource - Effective date: 2026-02-28T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Brian Thomas - Resource group id: resource:db594929743a8fbc44a0 - Deposit or zone: Keel - Mining method: underground #### Resource Data - Category: inferred - Tonnes: 113000 - Grade: 0.69 - Grade Unit: % - Cutoff Grade: 150.61 - Cutoff Unit: US$/t #### Prior Estimate - Resource Date: 2026-02-28 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-05-01T00:00:00.000Z Reasoning: This Inferred resource for copper at Keel is part of the new NI 43-101 compliant baseline, but has lower confidence than Measured or Indicated categories. - Positive factor: Part of new baseline estimate - Positive factor: Underground mining method - Negative factor: Lower confidence Inferred category Evidence · table > 0.69 Context: 113 #### 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 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/talon-metals-announces-eagle-mine-ni-43-101-technical-report-results-provides-hi--d7cefb59-3299-4eda-927d-b804ae41c997#fact-resource-facts-65) Eagle Mine · cobalt #### Identity - Project: Eagle Mine - Commodity: cobalt - Region: michigan - Reported Region: Michigan - Ticker: TLO #### Resource scope - Estimate type: resource - Effective date: 2026-02-28T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Brian Thomas - Resource group id: resource:db594929743a8fbc44a0 - Deposit or zone: Keel - Mining method: underground #### Resource Data - Category: inferred - Tonnes: 113000 - Grade: 0.02 - Grade Unit: % - Cutoff Grade: 150.61 - Cutoff Unit: US$/t #### Prior Estimate - Resource Date: 2026-02-28 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-05-01T00:00:00.000Z Reasoning: This Inferred resource for cobalt at Keel is part of the new NI 43-101 compliant baseline, but has lower confidence than Measured or Indicated categories. - Positive factor: Part of new baseline estimate - Positive factor: Underground mining method - Negative factor: Lower confidence Inferred category Evidence · table > 0.02 Context: 113 #### 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 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/talon-metals-announces-eagle-mine-ni-43-101-technical-report-results-provides-hi--d7cefb59-3299-4eda-927d-b804ae41c997#fact-resource-facts-66) Eagle Mine · gold #### Identity - Project: Eagle Mine - Commodity: gold - Region: michigan - Reported Region: Michigan - Ticker: TLO #### Resource scope - Estimate type: resource - Effective date: 2026-02-28T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Brian Thomas - Resource group id: resource:db594929743a8fbc44a0 - Deposit or zone: Keel - Mining method: underground #### Resource Data - Category: inferred - Tonnes: 113000 - Grade: 0.06 - Grade Unit: g/t - Cutoff Grade: 150.61 - Cutoff Unit: US$/t #### Prior Estimate - Resource Date: 2026-02-28 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-05-01T00:00:00.000Z Reasoning: This Inferred resource for gold at Keel is part of the new NI 43-101 compliant baseline, but has lower confidence and a low grade. - Positive factor: Part of new baseline estimate - Positive factor: Underground mining method - Negative factor: Lower confidence Inferred category - Negative factor: Low grade Evidence · table > 0.06 Context: 113 #### 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 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/talon-metals-announces-eagle-mine-ni-43-101-technical-report-results-provides-hi--d7cefb59-3299-4eda-927d-b804ae41c997#fact-resource-facts-67) Eagle Mine · silver #### Identity - Project: Eagle Mine - Commodity: silver - Region: michigan - Reported Region: Michigan - Ticker: TLO #### Resource scope - Estimate type: resource - Effective date: 2026-02-28T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Brian Thomas - Resource group id: resource:db594929743a8fbc44a0 - Deposit or zone: Keel - Mining method: underground #### Resource Data - Category: inferred - Tonnes: 113000 - Grade: 2.54 - Grade Unit: g/t - Cutoff Grade: 150.61 - Cutoff Unit: US$/t #### Prior Estimate - Resource Date: 2026-02-28 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-05-01T00:00:00.000Z Reasoning: This Inferred resource for silver at Keel is part of the new NI 43-101 compliant baseline, but has lower confidence and a low grade. - Positive factor: Part of new baseline estimate - Positive factor: Underground mining method - Negative factor: Lower confidence Inferred category - Negative factor: Low grade Evidence · table > 2.54 Context: 113 #### 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 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/talon-metals-announces-eagle-mine-ni-43-101-technical-report-results-provides-hi--d7cefb59-3299-4eda-927d-b804ae41c997#fact-resource-facts-68) Eagle Mine · platinum #### Identity - Project: Eagle Mine - Commodity: platinum - Region: michigan - Reported Region: Michigan - Ticker: TLO #### Resource scope - Estimate type: resource - Effective date: 2026-02-28T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Brian Thomas - Resource group id: resource:db594929743a8fbc44a0 - Deposit or zone: Keel - Mining method: underground #### Resource Data - Category: inferred - Tonnes: 113000 - Grade: 0.11 - Grade Unit: g/t - Cutoff Grade: 150.61 - Cutoff Unit: US$/t #### Prior Estimate - Resource Date: 2026-02-28 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-05-01T00:00:00.000Z Reasoning: This Inferred resource for platinum at Keel is part of the new NI 43-101 compliant baseline, contributing to the overall resource. - Positive factor: Part of new baseline estimate - Positive factor: Underground mining method - Negative factor: Lower confidence Inferred category Evidence · table > 0.11 Context: 113 #### 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 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/talon-metals-announces-eagle-mine-ni-43-101-technical-report-results-provides-hi--d7cefb59-3299-4eda-927d-b804ae41c997#fact-resource-facts-69) Eagle Mine · palladium #### Identity - Project: Eagle Mine - Commodity: palladium - Region: michigan - Reported Region: Michigan - Ticker: TLO #### Resource scope - Estimate type: resource - Effective date: 2026-02-28T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Brian Thomas - Resource group id: resource:db594929743a8fbc44a0 - Deposit or zone: Keel - Mining method: underground #### Resource Data - Category: inferred - Tonnes: 113000 - Grade: 0.13 - Grade Unit: g/t - Cutoff Grade: 150.61 - Cutoff Unit: US$/t #### Prior Estimate - Resource Date: 2026-02-28 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-05-01T00:00:00.000Z Reasoning: This Inferred resource for palladium at Keel is part of the new NI 43-101 compliant baseline, contributing to the overall resource. - Positive factor: Part of new baseline estimate - Positive factor: Underground mining method - Negative factor: Lower confidence Inferred category Evidence · table > 0.13 Context: 113 #### 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 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/talon-metals-announces-eagle-mine-ni-43-101-technical-report-results-provides-hi--d7cefb59-3299-4eda-927d-b804ae41c997#fact-resource-facts-70) Eagle Mine · nickel #### Identity - Project: Eagle Mine - Commodity: nickel - Region: michigan - Reported Region: Michigan - Ticker: TLO #### Resource scope - Estimate type: resource - Effective date: 2026-02-28T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Brian Thomas - Resource group id: resource:c959eadc564269b656dd - Deposit or zone: Total Inferred - Mining method: underground #### Resource Data - Category: inferred - Tonnes: 132000 - Grade: 0.93 - Grade Unit: % - Cutoff Grade: 150.61 - Cutoff Unit: US$/t #### Prior Estimate - Resource Date: 2026-02-28 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-05-01T00:00:00.000Z Reasoning: This total Inferred resource for nickel is part of the new NI 43-101 compliant baseline, but has lower confidence than Measured or Indicated categories. - Positive factor: Part of new baseline estimate - Positive factor: Underground mining method - Negative factor: Lower confidence Inferred category Evidence · table > 0.93 Context: 132 #### 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 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/talon-metals-announces-eagle-mine-ni-43-101-technical-report-results-provides-hi--d7cefb59-3299-4eda-927d-b804ae41c997#fact-resource-facts-71) Eagle Mine · copper #### Identity - Project: Eagle Mine - Commodity: copper - Region: michigan - Reported Region: Michigan - Ticker: TLO #### Resource scope - Estimate type: resource - Effective date: 2026-02-28T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Brian Thomas - Resource group id: resource:c959eadc564269b656dd - Deposit or zone: Total Inferred - Mining method: underground #### Resource Data - Category: inferred - Tonnes: 132000 - Grade: 0.71 - Grade Unit: % - Cutoff Grade: 150.61 - Cutoff Unit: US$/t #### Prior Estimate - Resource Date: 2026-02-28 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-05-01T00:00:00.000Z Reasoning: This total Inferred resource for copper is part of the new NI 43-101 compliant baseline, but has lower confidence than Measured or Indicated categories. - Positive factor: Part of new baseline estimate - Positive factor: Underground mining method - Negative factor: Lower confidence Inferred category Evidence · table > 0.71 Context: 132 #### 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 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/talon-metals-announces-eagle-mine-ni-43-101-technical-report-results-provides-hi--d7cefb59-3299-4eda-927d-b804ae41c997#fact-resource-facts-72) Eagle Mine · cobalt #### Identity - Project: Eagle Mine - Commodity: cobalt - Region: michigan - Reported Region: Michigan - Ticker: TLO #### Resource scope - Estimate type: resource - Effective date: 2026-02-28T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Brian Thomas - Resource group id: resource:c959eadc564269b656dd - Deposit or zone: Total Inferred - Mining method: underground #### Resource Data - Category: inferred - Tonnes: 132000 - Grade: 0.03 - Grade Unit: % - Cutoff Grade: 150.61 - Cutoff Unit: US$/t #### Prior Estimate - Resource Date: 2026-02-28 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-05-01T00:00:00.000Z Reasoning: This total Inferred resource for cobalt is part of the new NI 43-101 compliant baseline, but has lower confidence than Measured or Indicated categories. - Positive factor: Part of new baseline estimate - Positive factor: Underground mining method - Negative factor: Lower confidence Inferred category Evidence · table > 0.03 Context: 132 #### 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 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/talon-metals-announces-eagle-mine-ni-43-101-technical-report-results-provides-hi--d7cefb59-3299-4eda-927d-b804ae41c997#fact-resource-facts-73) Eagle Mine · gold #### Identity - Project: Eagle Mine - Commodity: gold - Region: michigan - Reported Region: Michigan - Ticker: TLO #### Resource scope - Estimate type: resource - Effective date: 2026-02-28T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Brian Thomas - Resource group id: resource:c959eadc564269b656dd - Deposit or zone: Total Inferred - Mining method: underground #### Resource Data - Category: inferred - Tonnes: 132000 - Grade: 0.07 - Grade Unit: g/t - Cutoff Grade: 150.61 - Cutoff Unit: US$/t #### Prior Estimate - Resource Date: 2026-02-28 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-05-01T00:00:00.000Z Reasoning: This total Inferred resource for gold is part of the new NI 43-101 compliant baseline, but has lower confidence and a low grade. - Positive factor: Part of new baseline estimate - Positive factor: Underground mining method - Negative factor: Lower confidence Inferred category - Negative factor: Low grade Evidence · table > 0.07 Context: 132 #### 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 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/talon-metals-announces-eagle-mine-ni-43-101-technical-report-results-provides-hi--d7cefb59-3299-4eda-927d-b804ae41c997#fact-resource-facts-74) Eagle Mine · silver #### Identity - Project: Eagle Mine - Commodity: silver - Region: michigan - Reported Region: Michigan - Ticker: TLO #### Resource scope - Estimate type: resource - Effective date: 2026-02-28T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Brian Thomas - Resource group id: resource:c959eadc564269b656dd - Deposit or zone: Total Inferred - Mining method: underground #### Resource Data - Category: inferred - Tonnes: 132000 - Grade: 2.68 - Grade Unit: g/t - Cutoff Grade: 150.61 - Cutoff Unit: US$/t #### Prior Estimate - Resource Date: 2026-02-28 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-05-01T00:00:00.000Z Reasoning: This total Inferred resource for silver is part of the new NI 43-101 compliant baseline, but has lower confidence and a low grade. - Positive factor: Part of new baseline estimate - Positive factor: Underground mining method - Negative factor: Lower confidence Inferred category - Negative factor: Low grade Evidence · table > 2.68 Context: 132 #### 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 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/talon-metals-announces-eagle-mine-ni-43-101-technical-report-results-provides-hi--d7cefb59-3299-4eda-927d-b804ae41c997#fact-resource-facts-75) Eagle Mine · platinum #### Identity - Project: Eagle Mine - Commodity: platinum - Region: michigan - Reported Region: Michigan - Ticker: TLO #### Resource scope - Estimate type: resource - Effective date: 2026-02-28T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Brian Thomas - Resource group id: resource:c959eadc564269b656dd - Deposit or zone: Total Inferred - Mining method: underground #### Resource Data - Category: inferred - Tonnes: 132000 - Grade: 0.13 - Grade Unit: g/t - Cutoff Grade: 150.61 - Cutoff Unit: US$/t #### Prior Estimate - Resource Date: 2026-02-28 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-05-01T00:00:00.000Z Reasoning: This total Inferred resource for platinum is part of the new NI 43-101 compliant baseline, contributing to the overall resource. - Positive factor: Part of new baseline estimate - Positive factor: Underground mining method - Negative factor: Lower confidence Inferred category Evidence · table > 0.13 Context: 132 #### 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 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/talon-metals-announces-eagle-mine-ni-43-101-technical-report-results-provides-hi--d7cefb59-3299-4eda-927d-b804ae41c997#fact-resource-facts-76) Eagle Mine · palladium #### Identity - Project: Eagle Mine - Commodity: palladium - Region: michigan - Reported Region: Michigan - Ticker: TLO #### Resource scope - Estimate type: resource - Effective date: 2026-02-28T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Brian Thomas - Resource group id: resource:c959eadc564269b656dd - Deposit or zone: Total Inferred - Mining method: underground #### Resource Data - Category: inferred - Tonnes: 132000 - Grade: 0.13 - Grade Unit: g/t - Cutoff Grade: 150.61 - Cutoff Unit: US$/t #### Prior Estimate - Resource Date: 2026-02-28 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-05-01T00:00:00.000Z Reasoning: This total Inferred resource for palladium is part of the new NI 43-101 compliant baseline, contributing to the overall resource. - Positive factor: Part of new baseline estimate - Positive factor: Underground mining method - Negative factor: Lower confidence Inferred category Evidence · table > 0.13 Context: 132 #### 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 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### proven [Link to this fact](https://atlas-staging.minestarters.com/news/talon-metals-announces-eagle-mine-ni-43-101-technical-report-results-provides-hi--d7cefb59-3299-4eda-927d-b804ae41c997#fact-resource-facts-77) Eagle Mine · nickel #### Identity - Project: Eagle Mine - Commodity: nickel - Region: michigan - Reported Region: Michigan - Ticker: TLO #### Resource scope - Estimate type: reserve - Effective date: 2026-02-28T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Bill Bagnell, Brian Thomas, Ibrahim Karajeh, David Jin, Khalid Mounhir, James Smith, Jason Obermeyer, Devin Castendyk, Emilie Williams - Resource group id: resource:98c903e63e430ced196d - Deposit or zone: Eagle - Mining method: underground #### Resource Data - Category: proven - Tonnes: 27000 - Grade: 1.16 - Grade Unit: % - Contained Metal: 0.31 - Contained Unit: kt - Cutoff Grade: 150.61 - Cutoff Unit: US$/t #### Prior Estimate - Resource Date: 2026-02-28 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-05-01T00:00:00.000Z Reasoning: This Proven reserve for nickel at Eagle is part of the new NI 43-101 compliant baseline, providing the highest confidence for economic viability. - Positive factor: Highest confidence Proven category - Positive factor: Part of new baseline estimate - Positive factor: Underground mining method - Positive factor: Contained metal reported Evidence · table > 1.16 Context: 27 #### Tags used in scoring **Proven Reserve** Polarity: positive Definition: Measured Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "proven" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### proven [Link to this fact](https://atlas-staging.minestarters.com/news/talon-metals-announces-eagle-mine-ni-43-101-technical-report-results-provides-hi--d7cefb59-3299-4eda-927d-b804ae41c997#fact-resource-facts-78) Eagle Mine · copper #### Identity - Project: Eagle Mine - Commodity: copper - Region: michigan - Reported Region: Michigan - Ticker: TLO #### Resource scope - Estimate type: reserve - Effective date: 2026-02-28T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Bill Bagnell, Brian Thomas, Ibrahim Karajeh, David Jin, Khalid Mounhir, James Smith, Jason Obermeyer, Devin Castendyk, Emilie Williams - Resource group id: resource:98c903e63e430ced196d - Deposit or zone: Eagle - Mining method: underground #### Resource Data - Category: proven - Tonnes: 27000 - Grade: 1.36 - Grade Unit: % - Contained Metal: 0.36 - Contained Unit: kt - Cutoff Grade: 150.61 - Cutoff Unit: US$/t #### Prior Estimate - Resource Date: 2026-02-28 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-05-01T00:00:00.000Z Reasoning: This Proven reserve for copper at Eagle is part of the new NI 43-101 compliant baseline, providing the highest confidence for economic viability. - Positive factor: Highest confidence Proven category - Positive factor: Part of new baseline estimate - Positive factor: Underground mining method - Positive factor: Contained metal reported Evidence · table > 1.36 Context: 27 #### Tags used in scoring **Proven Reserve** Polarity: positive Definition: Measured Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "proven" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### proven [Link to this fact](https://atlas-staging.minestarters.com/news/talon-metals-announces-eagle-mine-ni-43-101-technical-report-results-provides-hi--d7cefb59-3299-4eda-927d-b804ae41c997#fact-resource-facts-79) Eagle Mine · gold #### Identity - Project: Eagle Mine - Commodity: gold - Region: michigan - Reported Region: Michigan - Ticker: TLO #### Resource scope - Estimate type: reserve - Effective date: 2026-02-28T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Bill Bagnell, Brian Thomas, Ibrahim Karajeh, David Jin, Khalid Mounhir, James Smith, Jason Obermeyer, Devin Castendyk, Emilie Williams - Resource group id: resource:98c903e63e430ced196d - Deposit or zone: Eagle - Mining method: underground #### Resource Data - Category: proven - Tonnes: 27000 - Grade: 0.18 - Grade Unit: g/t - Contained Metal: 0.15 - Contained Unit: koz - Cutoff Grade: 150.61 - Cutoff Unit: US$/t #### Prior Estimate - Resource Date: 2026-02-28 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-05-01T00:00:00.000Z Reasoning: This Proven reserve for gold at Eagle is part of the new NI 43-101 compliant baseline, providing high confidence for economic viability, though the grade is low. - Positive factor: Highest confidence Proven category - Positive factor: Part of new baseline estimate - Positive factor: Underground mining method - Positive factor: Contained metal reported Evidence · table > 0.18 Context: 27 #### Tags used in scoring **Proven Reserve** Polarity: positive Definition: Measured Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "proven" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### proven [Link to this fact](https://atlas-staging.minestarters.com/news/talon-metals-announces-eagle-mine-ni-43-101-technical-report-results-provides-hi--d7cefb59-3299-4eda-927d-b804ae41c997#fact-resource-facts-80) Eagle Mine · silver #### Identity - Project: Eagle Mine - Commodity: silver - Region: michigan - Reported Region: Michigan - Ticker: TLO #### Resource scope - Estimate type: reserve - Effective date: 2026-02-28T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Bill Bagnell, Brian Thomas, Ibrahim Karajeh, David Jin, Khalid Mounhir, James Smith, Jason Obermeyer, Devin Castendyk, Emilie Williams - Resource group id: resource:98c903e63e430ced196d - Deposit or zone: Eagle - Mining method: underground #### Resource Data - Category: proven - Tonnes: 27000 - Grade: 6.94 - Grade Unit: g/t - Contained Metal: 5.92 - Contained Unit: koz - Cutoff Grade: 150.61 - Cutoff Unit: US$/t #### Prior Estimate - Resource Date: 2026-02-28 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-05-01T00:00:00.000Z Reasoning: This Proven reserve for silver at Eagle is part of the new NI 43-101 compliant baseline, providing high confidence for economic viability, though the grade is low. - Positive factor: Highest confidence Proven category - Positive factor: Part of new baseline estimate - Positive factor: Underground mining method - Positive factor: Contained metal reported Evidence · table > 6.94 Context: 27 #### Tags used in scoring **Proven Reserve** Polarity: positive Definition: Measured Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "proven" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### proven [Link to this fact](https://atlas-staging.minestarters.com/news/talon-metals-announces-eagle-mine-ni-43-101-technical-report-results-provides-hi--d7cefb59-3299-4eda-927d-b804ae41c997#fact-resource-facts-81) Eagle Mine · cobalt #### Identity - Project: Eagle Mine - Commodity: cobalt - Region: michigan - Reported Region: Michigan - Ticker: TLO #### Resource scope - Estimate type: reserve - Effective date: 2026-02-28T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Bill Bagnell, Brian Thomas, Ibrahim Karajeh, David Jin, Khalid Mounhir, James Smith, Jason Obermeyer, Devin Castendyk, Emilie Williams - Resource group id: resource:98c903e63e430ced196d - Deposit or zone: Eagle - Mining method: underground #### Resource Data - Category: proven - Tonnes: 27000 - Grade: 0.03 - Grade Unit: % - Contained Metal: 0.01 - Contained Unit: kt - Cutoff Grade: 150.61 - Cutoff Unit: US$/t #### Prior Estimate - Resource Date: 2026-02-28 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-05-01T00:00:00.000Z Reasoning: This Proven reserve for cobalt at Eagle is part of the new NI 43-101 compliant baseline, providing high confidence for economic viability. - Positive factor: Highest confidence Proven category - Positive factor: Part of new baseline estimate - Positive factor: Underground mining method - Positive factor: Contained metal reported Evidence · table > 0.03 Context: 27 #### Tags used in scoring **Proven Reserve** Polarity: positive Definition: Measured Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "proven" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### proven [Link to this fact](https://atlas-staging.minestarters.com/news/talon-metals-announces-eagle-mine-ni-43-101-technical-report-results-provides-hi--d7cefb59-3299-4eda-927d-b804ae41c997#fact-resource-facts-82) Eagle Mine · platinum #### Identity - Project: Eagle Mine - Commodity: platinum - Region: michigan - Reported Region: Michigan - Ticker: TLO #### Resource scope - Estimate type: reserve - Effective date: 2026-02-28T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Bill Bagnell, Brian Thomas, Ibrahim Karajeh, David Jin, Khalid Mounhir, James Smith, Jason Obermeyer, Devin Castendyk, Emilie Williams - Resource group id: resource:98c903e63e430ced196d - Deposit or zone: Eagle - Mining method: underground #### Resource Data - Category: proven - Tonnes: 27000 - Grade: 0.35 - Grade Unit: g/t - Contained Metal: 0.3 - Contained Unit: koz - Cutoff Grade: 150.61 - Cutoff Unit: US$/t #### Prior Estimate - Resource Date: 2026-02-28 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-05-01T00:00:00.000Z Reasoning: This Proven reserve for platinum at Eagle is part of the new NI 43-101 compliant baseline, providing high confidence for economic viability. - Positive factor: Highest confidence Proven category - Positive factor: Part of new baseline estimate - Positive factor: Underground mining method - Positive factor: Contained metal reported Evidence · table > 0.35 Context: 27 #### Tags used in scoring **Proven Reserve** Polarity: positive Definition: Measured Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "proven" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### proven [Link to this fact](https://atlas-staging.minestarters.com/news/talon-metals-announces-eagle-mine-ni-43-101-technical-report-results-provides-hi--d7cefb59-3299-4eda-927d-b804ae41c997#fact-resource-facts-83) Eagle Mine · palladium #### Identity - Project: Eagle Mine - Commodity: palladium - Region: michigan - Reported Region: Michigan - Ticker: TLO #### Resource scope - Estimate type: reserve - Effective date: 2026-02-28T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Bill Bagnell, Brian Thomas, Ibrahim Karajeh, David Jin, Khalid Mounhir, James Smith, Jason Obermeyer, Devin Castendyk, Emilie Williams - Resource group id: resource:98c903e63e430ced196d - Deposit or zone: Eagle - Mining method: underground #### Resource Data - Category: proven - Tonnes: 27000 - Grade: 0.22 - Grade Unit: g/t - Contained Metal: 0.19 - Contained Unit: koz - Cutoff Grade: 150.61 - Cutoff Unit: US$/t #### Prior Estimate - Resource Date: 2026-02-28 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-05-01T00:00:00.000Z Reasoning: This Proven reserve for palladium at Eagle is part of the new NI 43-101 compliant baseline, providing high confidence for economic viability. - Positive factor: Highest confidence Proven category - Positive factor: Part of new baseline estimate - Positive factor: Underground mining method - Positive factor: Contained metal reported Evidence · table > 0.22 Context: 27 #### Tags used in scoring **Proven Reserve** Polarity: positive Definition: Measured Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "proven" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### probable [Link to this fact](https://atlas-staging.minestarters.com/news/talon-metals-announces-eagle-mine-ni-43-101-technical-report-results-provides-hi--d7cefb59-3299-4eda-927d-b804ae41c997#fact-resource-facts-84) Eagle Mine · nickel #### Identity - Project: Eagle Mine - Commodity: nickel - Region: michigan - Reported Region: Michigan - Ticker: TLO #### Resource scope - Estimate type: reserve - Effective date: 2026-02-28T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Bill Bagnell, Brian Thomas, Ibrahim Karajeh, David Jin, Khalid Mounhir, James Smith, Jason Obermeyer, Devin Castendyk, Emilie Williams - Resource group id: resource:40b91b06a98fef123621 - Deposit or zone: Eagle - Mining method: underground #### Resource Data - Category: probable - Tonnes: 14000 - Grade: 1.04 - Grade Unit: % - Contained Metal: 0.14 - Contained Unit: kt - Cutoff Grade: 150.61 - Cutoff Unit: US$/t #### Prior Estimate - Resource Date: 2026-02-28 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-05-01T00:00:00.000Z Reasoning: This Probable reserve for nickel at Eagle is part of the new NI 43-101 compliant baseline, providing high confidence for economic viability. - Positive factor: High confidence Probable category - Positive factor: Part of new baseline estimate - Positive factor: Underground mining method - Positive factor: Contained metal reported Evidence · table > 1.04 Context: 14 #### Tags used in scoring **Probable Reserve** Polarity: positive Definition: Indicated Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "probable" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### probable [Link to this fact](https://atlas-staging.minestarters.com/news/talon-metals-announces-eagle-mine-ni-43-101-technical-report-results-provides-hi--d7cefb59-3299-4eda-927d-b804ae41c997#fact-resource-facts-85) Eagle Mine · copper #### Identity - Project: Eagle Mine - Commodity: copper - Region: michigan - Reported Region: Michigan - Ticker: TLO #### Resource scope - Estimate type: reserve - Effective date: 2026-02-28T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Bill Bagnell, Brian Thomas, Ibrahim Karajeh, David Jin, Khalid Mounhir, James Smith, Jason Obermeyer, Devin Castendyk, Emilie Williams - Resource group id: resource:40b91b06a98fef123621 - Deposit or zone: Eagle - Mining method: underground #### Resource Data - Category: probable - Tonnes: 14000 - Grade: 1.08 - Grade Unit: % - Contained Metal: 0.15 - Contained Unit: kt - Cutoff Grade: 150.61 - Cutoff Unit: US$/t #### Prior Estimate - Resource Date: 2026-02-28 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-05-01T00:00:00.000Z Reasoning: This Probable reserve for copper at Eagle is part of the new NI 43-101 compliant baseline, providing high confidence for economic viability. - Positive factor: High confidence Probable category - Positive factor: Part of new baseline estimate - Positive factor: Underground mining method - Positive factor: Contained metal reported Evidence · table > 1.08 Context: 14 #### Tags used in scoring **Probable Reserve** Polarity: positive Definition: Indicated Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "probable" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### probable [Link to this fact](https://atlas-staging.minestarters.com/news/talon-metals-announces-eagle-mine-ni-43-101-technical-report-results-provides-hi--d7cefb59-3299-4eda-927d-b804ae41c997#fact-resource-facts-86) Eagle Mine · gold #### Identity - Project: Eagle Mine - Commodity: gold - Region: michigan - Reported Region: Michigan - Ticker: TLO #### Resource scope - Estimate type: reserve - Effective date: 2026-02-28T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Bill Bagnell, Brian Thomas, Ibrahim Karajeh, David Jin, Khalid Mounhir, James Smith, Jason Obermeyer, Devin Castendyk, Emilie Williams - Resource group id: resource:40b91b06a98fef123621 - Deposit or zone: Eagle - Mining method: underground #### Resource Data - Category: probable - Tonnes: 14000 - Grade: 0.15 - Grade Unit: g/t - Contained Metal: 0.07 - Contained Unit: koz - Cutoff Grade: 150.61 - Cutoff Unit: US$/t #### Prior Estimate - Resource Date: 2026-02-28 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-05-01T00:00:00.000Z Reasoning: This Probable reserve for gold at Eagle is part of the new NI 43-101 compliant baseline, providing high confidence for economic viability, though the grade is low. - Positive factor: High confidence Probable category - Positive factor: Part of new baseline estimate - Positive factor: Underground mining method - Positive factor: Contained metal reported Evidence · table > 0.15 Context: 14 #### Tags used in scoring **Probable Reserve** Polarity: positive Definition: Indicated Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "probable" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### probable [Link to this fact](https://atlas-staging.minestarters.com/news/talon-metals-announces-eagle-mine-ni-43-101-technical-report-results-provides-hi--d7cefb59-3299-4eda-927d-b804ae41c997#fact-resource-facts-87) Eagle Mine · silver #### Identity - Project: Eagle Mine - Commodity: silver - Region: michigan - Reported Region: Michigan - Ticker: TLO #### Resource scope - Estimate type: reserve - Effective date: 2026-02-28T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Bill Bagnell, Brian Thomas, Ibrahim Karajeh, David Jin, Khalid Mounhir, James Smith, Jason Obermeyer, Devin Castendyk, Emilie Williams - Resource group id: resource:40b91b06a98fef123621 - Deposit or zone: Eagle - Mining method: underground #### Resource Data - Category: probable - Tonnes: 14000 - Grade: 5.74 - Grade Unit: g/t - Contained Metal: 2.58 - Contained Unit: koz - Cutoff Grade: 150.61 - Cutoff Unit: US$/t #### Prior Estimate - Resource Date: 2026-02-28 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-05-01T00:00:00.000Z Reasoning: This Probable reserve for silver at Eagle is part of the new NI 43-101 compliant baseline, providing high confidence for economic viability, though the grade is low. - Positive factor: High confidence Probable category - Positive factor: Part of new baseline estimate - Positive factor: Underground mining method - Positive factor: Contained metal reported Evidence · table > 5.74 Context: 14 #### Tags used in scoring **Probable Reserve** Polarity: positive Definition: Indicated Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "probable" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### probable [Link to this fact](https://atlas-staging.minestarters.com/news/talon-metals-announces-eagle-mine-ni-43-101-technical-report-results-provides-hi--d7cefb59-3299-4eda-927d-b804ae41c997#fact-resource-facts-88) Eagle Mine · cobalt #### Identity - Project: Eagle Mine - Commodity: cobalt - Region: michigan - Reported Region: Michigan - Ticker: TLO #### Resource scope - Estimate type: reserve - Effective date: 2026-02-28T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Bill Bagnell, Brian Thomas, Ibrahim Karajeh, David Jin, Khalid Mounhir, James Smith, Jason Obermeyer, Devin Castendyk, Emilie Williams - Resource group id: resource:40b91b06a98fef123621 - Deposit or zone: Eagle - Mining method: underground #### Resource Data - Category: probable - Tonnes: 14000 - Grade: 0.03 - Grade Unit: % - Contained Metal: 0 - Contained Unit: kt - Cutoff Grade: 150.61 - Cutoff Unit: US$/t #### Prior Estimate - Resource Date: 2026-02-28 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-05-01T00:00:00.000Z Reasoning: This Probable reserve for cobalt at Eagle is part of the new NI 43-101 compliant baseline, providing high confidence for economic viability. - Positive factor: High confidence Probable category - Positive factor: Part of new baseline estimate - Positive factor: Underground mining method - Positive factor: Contained metal reported Evidence · table > 0.03 Context: 14 #### Tags used in scoring **Probable Reserve** Polarity: positive Definition: Indicated Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "probable" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### probable [Link to this fact](https://atlas-staging.minestarters.com/news/talon-metals-announces-eagle-mine-ni-43-101-technical-report-results-provides-hi--d7cefb59-3299-4eda-927d-b804ae41c997#fact-resource-facts-89) Eagle Mine · platinum #### Identity - Project: Eagle Mine - Commodity: platinum - Region: michigan - Reported Region: Michigan - Ticker: TLO #### Resource scope - Estimate type: reserve - Effective date: 2026-02-28T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Bill Bagnell, Brian Thomas, Ibrahim Karajeh, David Jin, Khalid Mounhir, James Smith, Jason Obermeyer, Devin Castendyk, Emilie Williams - Resource group id: resource:40b91b06a98fef123621 - Deposit or zone: Eagle - Mining method: underground #### Resource Data - Category: probable - Tonnes: 14000 - Grade: 0.28 - Grade Unit: g/t - Contained Metal: 0.13 - Contained Unit: koz - Cutoff Grade: 150.61 - Cutoff Unit: US$/t #### Prior Estimate - Resource Date: 2026-02-28 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-05-01T00:00:00.000Z Reasoning: This Probable reserve for platinum at Eagle is part of the new NI 43-101 compliant baseline, providing high confidence for economic viability. - Positive factor: High confidence Probable category - Positive factor: Part of new baseline estimate - Positive factor: Underground mining method - Positive factor: Contained metal reported Evidence · table > 0.28 Context: 14 #### Tags used in scoring **Probable Reserve** Polarity: positive Definition: Indicated Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "probable" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### probable [Link to this fact](https://atlas-staging.minestarters.com/news/talon-metals-announces-eagle-mine-ni-43-101-technical-report-results-provides-hi--d7cefb59-3299-4eda-927d-b804ae41c997#fact-resource-facts-90) Eagle Mine · palladium #### Identity - Project: Eagle Mine - Commodity: palladium - Region: michigan - Reported Region: Michigan - Ticker: TLO #### Resource scope - Estimate type: reserve - Effective date: 2026-02-28T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Bill Bagnell, Brian Thomas, Ibrahim Karajeh, David Jin, Khalid Mounhir, James Smith, Jason Obermeyer, Devin Castendyk, Emilie Williams - Resource group id: resource:40b91b06a98fef123621 - Deposit or zone: Eagle - Mining method: underground #### Resource Data - Category: probable - Tonnes: 14000 - Grade: 0.18 - Grade Unit: g/t - Contained Metal: 0.08 - Contained Unit: koz - Cutoff Grade: 150.61 - Cutoff Unit: US$/t #### Prior Estimate - Resource Date: 2026-02-28 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-05-01T00:00:00.000Z Reasoning: This Probable reserve for palladium at Eagle is part of the new NI 43-101 compliant baseline, providing high confidence for economic viability. - Positive factor: High confidence Probable category - Positive factor: Part of new baseline estimate - Positive factor: Underground mining method - Positive factor: Contained metal reported Evidence · table > 0.18 Context: 14 #### Tags used in scoring **Probable Reserve** Polarity: positive Definition: Indicated Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "probable" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### probable [Link to this fact](https://atlas-staging.minestarters.com/news/talon-metals-announces-eagle-mine-ni-43-101-technical-report-results-provides-hi--d7cefb59-3299-4eda-927d-b804ae41c997#fact-resource-facts-91) Eagle Mine · nickel #### Identity - Project: Eagle Mine - Commodity: nickel - Region: michigan - Reported Region: Michigan - Ticker: TLO #### Resource scope - Estimate type: reserve - Effective date: 2026-02-28T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Bill Bagnell, Brian Thomas, Ibrahim Karajeh, David Jin, Khalid Mounhir, James Smith, Jason Obermeyer, Devin Castendyk, Emilie Williams - Resource group id: resource:1cf88aa9d642574bcc08 - Deposit or zone: Eagle Sub Total - Mining method: underground #### Resource Data - Category: probable - Tonnes: 41000 - Grade: 1.12 - Grade Unit: % - Contained Metal: 0.45 - Contained Unit: kt - Cutoff Grade: 150.61 - Cutoff Unit: US$/t #### Prior Estimate - Resource Date: 2026-02-28 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-05-01T00:00:00.000Z Reasoning: This sub-total reserve for nickel at Eagle is part of the new NI 43-101 compliant baseline, providing high confidence for economic viability. - Positive factor: High confidence Probable category - Positive factor: Part of new baseline estimate - Positive factor: Underground mining method - Positive factor: Contained metal reported Evidence · table > 1.12 Context: 41 #### Tags used in scoring **Probable Reserve** Polarity: positive Definition: Indicated Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "probable" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### probable [Link to this fact](https://atlas-staging.minestarters.com/news/talon-metals-announces-eagle-mine-ni-43-101-technical-report-results-provides-hi--d7cefb59-3299-4eda-927d-b804ae41c997#fact-resource-facts-92) Eagle Mine · copper #### Identity - Project: Eagle Mine - Commodity: copper - Region: michigan - Reported Region: Michigan - Ticker: TLO #### Resource scope - Estimate type: reserve - Effective date: 2026-02-28T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Bill Bagnell, Brian Thomas, Ibrahim Karajeh, David Jin, Khalid Mounhir, James Smith, Jason Obermeyer, Devin Castendyk, Emilie Williams - Resource group id: resource:1cf88aa9d642574bcc08 - Deposit or zone: Eagle Sub Total - Mining method: underground #### Resource Data - Category: probable - Tonnes: 41000 - Grade: 1.27 - Grade Unit: % - Contained Metal: 0.51 - Contained Unit: kt - Cutoff Grade: 150.61 - Cutoff Unit: US$/t #### Prior Estimate - Resource Date: 2026-02-28 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-05-01T00:00:00.000Z Reasoning: This sub-total reserve for copper at Eagle is part of the new NI 43-101 compliant baseline, providing high confidence for economic viability. - Positive factor: High confidence Probable category - Positive factor: Part of new baseline estimate - Positive factor: Underground mining method - Positive factor: Contained metal reported Evidence · table > 1.27 Context: 41 #### Tags used in scoring **Probable Reserve** Polarity: positive Definition: Indicated Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "probable" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### probable [Link to this fact](https://atlas-staging.minestarters.com/news/talon-metals-announces-eagle-mine-ni-43-101-technical-report-results-provides-hi--d7cefb59-3299-4eda-927d-b804ae41c997#fact-resource-facts-93) Eagle Mine · gold #### Identity - Project: Eagle Mine - Commodity: gold - Region: michigan - Reported Region: Michigan - Ticker: TLO #### Resource scope - Estimate type: reserve - Effective date: 2026-02-28T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Bill Bagnell, Brian Thomas, Ibrahim Karajeh, David Jin, Khalid Mounhir, James Smith, Jason Obermeyer, Devin Castendyk, Emilie Williams - Resource group id: resource:1cf88aa9d642574bcc08 - Deposit or zone: Eagle Sub Total - Mining method: underground #### Resource Data - Category: probable - Tonnes: 41000 - Grade: 0.17 - Grade Unit: g/t - Contained Metal: 0.22 - Contained Unit: koz - Cutoff Grade: 150.61 - Cutoff Unit: US$/t #### Prior Estimate - Resource Date: 2026-02-28 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-05-01T00:00:00.000Z Reasoning: This sub-total reserve for gold at Eagle is part of the new NI 43-101 compliant baseline, providing high confidence for economic viability, though the grade is low. - Positive factor: High confidence Probable category - Positive factor: Part of new baseline estimate - Positive factor: Underground mining method - Positive factor: Contained metal reported Evidence · table > 0.17 Context: 41 #### Tags used in scoring **Probable Reserve** Polarity: positive Definition: Indicated Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "probable" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### probable [Link to this fact](https://atlas-staging.minestarters.com/news/talon-metals-announces-eagle-mine-ni-43-101-technical-report-results-provides-hi--d7cefb59-3299-4eda-927d-b804ae41c997#fact-resource-facts-94) Eagle Mine · silver #### Identity - Project: Eagle Mine - Commodity: silver - Region: michigan - Reported Region: Michigan - Ticker: TLO #### Resource scope - Estimate type: reserve - Effective date: 2026-02-28T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Bill Bagnell, Brian Thomas, Ibrahim Karajeh, David Jin, Khalid Mounhir, James Smith, Jason Obermeyer, Devin Castendyk, Emilie Williams - Resource group id: resource:1cf88aa9d642574bcc08 - Deposit or zone: Eagle Sub Total - Mining method: underground #### Resource Data - Category: probable - Tonnes: 41000 - Grade: 6.52 - Grade Unit: g/t - Contained Metal: 8.5 - Contained Unit: koz - Cutoff Grade: 150.61 - Cutoff Unit: US$/t #### Prior Estimate - Resource Date: 2026-02-28 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-05-01T00:00:00.000Z Reasoning: This sub-total reserve for silver at Eagle is part of the new NI 43-101 compliant baseline, providing high confidence for economic viability, though the grade is low. - Positive factor: High confidence Probable category - Positive factor: Part of new baseline estimate - Positive factor: Underground mining method - Positive factor: Contained metal reported Evidence · table > 6.52 Context: 41 #### Tags used in scoring **Probable Reserve** Polarity: positive Definition: Indicated Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "probable" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### probable [Link to this fact](https://atlas-staging.minestarters.com/news/talon-metals-announces-eagle-mine-ni-43-101-technical-report-results-provides-hi--d7cefb59-3299-4eda-927d-b804ae41c997#fact-resource-facts-95) Eagle Mine · cobalt #### Identity - Project: Eagle Mine - Commodity: cobalt - Region: michigan - Reported Region: Michigan - Ticker: TLO #### Resource scope - Estimate type: reserve - Effective date: 2026-02-28T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Bill Bagnell, Brian Thomas, Ibrahim Karajeh, David Jin, Khalid Mounhir, James Smith, Jason Obermeyer, Devin Castendyk, Emilie Williams - Resource group id: resource:1cf88aa9d642574bcc08 - Deposit or zone: Eagle Sub Total - Mining method: underground #### Resource Data - Category: probable - Tonnes: 41000 - Grade: 0.03 - Grade Unit: % - Contained Metal: 0.01 - Contained Unit: kt - Cutoff Grade: 150.61 - Cutoff Unit: US$/t #### Prior Estimate - Resource Date: 2026-02-28 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-05-01T00:00:00.000Z Reasoning: This sub-total reserve for cobalt at Eagle is part of the new NI 43-101 compliant baseline, providing high confidence for economic viability. - Positive factor: High confidence Probable category - Positive factor: Part of new baseline estimate - Positive factor: Underground mining method - Positive factor: Contained metal reported Evidence · table > 0.03 Context: 41 #### Tags used in scoring **Probable Reserve** Polarity: positive Definition: Indicated Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "probable" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### probable [Link to this fact](https://atlas-staging.minestarters.com/news/talon-metals-announces-eagle-mine-ni-43-101-technical-report-results-provides-hi--d7cefb59-3299-4eda-927d-b804ae41c997#fact-resource-facts-96) Eagle Mine · platinum #### Identity - Project: Eagle Mine - Commodity: platinum - Region: michigan - Reported Region: Michigan - Ticker: TLO #### Resource scope - Estimate type: reserve - Effective date: 2026-02-28T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Bill Bagnell, Brian Thomas, Ibrahim Karajeh, David Jin, Khalid Mounhir, James Smith, Jason Obermeyer, Devin Castendyk, Emilie Williams - Resource group id: resource:1cf88aa9d642574bcc08 - Deposit or zone: Eagle Sub Total - Mining method: underground #### Resource Data - Category: probable - Tonnes: 41000 - Grade: 0.32 - Grade Unit: g/t - Contained Metal: 0.42 - Contained Unit: koz - Cutoff Grade: 150.61 - Cutoff Unit: US$/t #### Prior Estimate - Resource Date: 2026-02-28 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-05-01T00:00:00.000Z Reasoning: This sub-total reserve for platinum at Eagle is part of the new NI 43-101 compliant baseline, providing high confidence for economic viability. - Positive factor: High confidence Probable category - Positive factor: Part of new baseline estimate - Positive factor: Underground mining method - Positive factor: Contained metal reported Evidence · table > 0.32 Context: 41 #### Tags used in scoring **Probable Reserve** Polarity: positive Definition: Indicated Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "probable" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### probable [Link to this fact](https://atlas-staging.minestarters.com/news/talon-metals-announces-eagle-mine-ni-43-101-technical-report-results-provides-hi--d7cefb59-3299-4eda-927d-b804ae41c997#fact-resource-facts-97) Eagle Mine · palladium #### Identity - Project: Eagle Mine - Commodity: palladium - Region: michigan - Reported Region: Michigan - Ticker: TLO #### Resource scope - Estimate type: reserve - Effective date: 2026-02-28T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Bill Bagnell, Brian Thomas, Ibrahim Karajeh, David Jin, Khalid Mounhir, James Smith, Jason Obermeyer, Devin Castendyk, Emilie Williams - Resource group id: resource:1cf88aa9d642574bcc08 - Deposit or zone: Eagle Sub Total - Mining method: underground #### Resource Data - Category: probable - Tonnes: 41000 - Grade: 0.2 - Grade Unit: g/t - Contained Metal: 0.27 - Contained Unit: koz - Cutoff Grade: 150.61 - Cutoff Unit: US$/t #### Prior Estimate - Resource Date: 2026-02-28 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-05-01T00:00:00.000Z Reasoning: This sub-total reserve for palladium at Eagle is part of the new NI 43-101 compliant baseline, providing high confidence for economic viability. - Positive factor: High confidence Probable category - Positive factor: Part of new baseline estimate - Positive factor: Underground mining method - Positive factor: Contained metal reported Evidence · table > 0.20 Context: 41 #### Tags used in scoring **Probable Reserve** Polarity: positive Definition: Indicated Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "probable" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### probable [Link to this fact](https://atlas-staging.minestarters.com/news/talon-metals-announces-eagle-mine-ni-43-101-technical-report-results-provides-hi--d7cefb59-3299-4eda-927d-b804ae41c997#fact-resource-facts-98) Eagle Mine · nickel #### Identity - Project: Eagle Mine - Commodity: nickel - Region: michigan - Reported Region: Michigan - Ticker: TLO #### Resource scope - Estimate type: reserve - Effective date: 2026-02-28T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Bill Bagnell, Brian Thomas, Ibrahim Karajeh, David Jin, Khalid Mounhir, James Smith, Jason Obermeyer, Devin Castendyk, Emilie Williams - Resource group id: resource:7d8ffe38a78a5acde2be - Deposit or zone: Eagle East - Mining method: underground #### Resource Data - Category: probable - Tonnes: 1155000 - Grade: 1.31 - Grade Unit: % - Contained Metal: 15.15 - Contained Unit: kt - Cutoff Grade: 150.61 - Cutoff Unit: US$/t #### Prior Estimate - Resource Date: 2026-02-28 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-05-01T00:00:00.000Z Reasoning: This Probable reserve for nickel at Eagle East is part of the new NI 43-101 compliant baseline, providing high confidence for economic viability. - Positive factor: High confidence Probable category - Positive factor: Part of new baseline estimate - Positive factor: Underground mining method - Positive factor: Contained metal reported Evidence · table > 1.31 Context: 1,155 #### Tags used in scoring **Probable Reserve** Polarity: positive Definition: Indicated Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "probable" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### probable [Link to this fact](https://atlas-staging.minestarters.com/news/talon-metals-announces-eagle-mine-ni-43-101-technical-report-results-provides-hi--d7cefb59-3299-4eda-927d-b804ae41c997#fact-resource-facts-99) Eagle Mine · copper #### Identity - Project: Eagle Mine - Commodity: copper - Region: michigan - Reported Region: Michigan - Ticker: TLO #### Resource scope - Estimate type: reserve - Effective date: 2026-02-28T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Bill Bagnell, Brian Thomas, Ibrahim Karajeh, David Jin, Khalid Mounhir, James Smith, Jason Obermeyer, Devin Castendyk, Emilie Williams - Resource group id: resource:7d8ffe38a78a5acde2be - Deposit or zone: Eagle East - Mining method: underground #### Resource Data - Category: probable - Tonnes: 1155000 - Grade: 1.09 - Grade Unit: % - Contained Metal: 12.61 - Contained Unit: kt - Cutoff Grade: 150.61 - Cutoff Unit: US$/t #### Prior Estimate - Resource Date: 2026-02-28 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-05-01T00:00:00.000Z Reasoning: This Probable reserve for copper at Eagle East is part of the new NI 43-101 compliant baseline, providing high confidence for economic viability. - Positive factor: High confidence Probable category - Positive factor: Part of new baseline estimate - Positive factor: Underground mining method - Positive factor: Contained metal reported Evidence · table > 1.09 Context: 1,155 #### Tags used in scoring **Probable Reserve** Polarity: positive Definition: Indicated Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "probable" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### probable [Link to this fact](https://atlas-staging.minestarters.com/news/talon-metals-announces-eagle-mine-ni-43-101-technical-report-results-provides-hi--d7cefb59-3299-4eda-927d-b804ae41c997#fact-resource-facts-100) Eagle Mine · gold #### Identity - Project: Eagle Mine - Commodity: gold - Region: michigan - Reported Region: Michigan - Ticker: TLO #### Resource scope - Estimate type: reserve - Effective date: 2026-02-28T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Bill Bagnell, Brian Thomas, Ibrahim Karajeh, David Jin, Khalid Mounhir, James Smith, Jason Obermeyer, Devin Castendyk, Emilie Williams - Resource group id: resource:7d8ffe38a78a5acde2be - Deposit or zone: Eagle East - Mining method: underground #### Resource Data - Category: probable - Tonnes: 1155000 - Grade: 0.13 - Grade Unit: g/t - Contained Metal: 4.99 - Contained Unit: koz - Cutoff Grade: 150.61 - Cutoff Unit: US$/t #### Prior Estimate - Resource Date: 2026-02-28 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-05-01T00:00:00.000Z Reasoning: This Probable reserve for gold at Eagle East is part of the new NI 43-101 compliant baseline, providing high confidence for economic viability, though the grade is low. - Positive factor: High confidence Probable category - Positive factor: Part of new baseline estimate - Positive factor: Underground mining method - Positive factor: Contained metal reported Evidence · table > 0.13 Context: 1,155 #### Tags used in scoring **Probable Reserve** Polarity: positive Definition: Indicated Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "probable" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### probable [Link to this fact](https://atlas-staging.minestarters.com/news/talon-metals-announces-eagle-mine-ni-43-101-technical-report-results-provides-hi--d7cefb59-3299-4eda-927d-b804ae41c997#fact-resource-facts-101) Eagle Mine · silver #### Identity - Project: Eagle Mine - Commodity: silver - Region: michigan - Reported Region: Michigan - Ticker: TLO #### Resource scope - Estimate type: reserve - Effective date: 2026-02-28T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Bill Bagnell, Brian Thomas, Ibrahim Karajeh, David Jin, Khalid Mounhir, James Smith, Jason Obermeyer, Devin Castendyk, Emilie Williams - Resource group id: resource:7d8ffe38a78a5acde2be - Deposit or zone: Eagle East - Mining method: underground #### Resource Data - Category: probable - Tonnes: 1155000 - Grade: 4.62 - Grade Unit: g/t - Contained Metal: 171.7 - Contained Unit: koz - Cutoff Grade: 150.61 - Cutoff Unit: US$/t #### Prior Estimate - Resource Date: 2026-02-28 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-05-01T00:00:00.000Z Reasoning: This Probable reserve for silver at Eagle East is part of the new NI 43-101 compliant baseline, providing high confidence for economic viability, though the grade is low. - Positive factor: High confidence Probable category - Positive factor: Part of new baseline estimate - Positive factor: Underground mining method - Positive factor: Contained metal reported Evidence · table > 4.62 Context: 1,155 #### Tags used in scoring **Probable Reserve** Polarity: positive Definition: Indicated Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "probable" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### probable [Link to this fact](https://atlas-staging.minestarters.com/news/talon-metals-announces-eagle-mine-ni-43-101-technical-report-results-provides-hi--d7cefb59-3299-4eda-927d-b804ae41c997#fact-resource-facts-102) Eagle Mine · cobalt #### Identity - Project: Eagle Mine - Commodity: cobalt - Region: michigan - Reported Region: Michigan - Ticker: TLO #### Resource scope - Estimate type: reserve - Effective date: 2026-02-28T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Bill Bagnell, Brian Thomas, Ibrahim Karajeh, David Jin, Khalid Mounhir, James Smith, Jason Obermeyer, Devin Castendyk, Emilie Williams - Resource group id: resource:7d8ffe38a78a5acde2be - Deposit or zone: Eagle East - Mining method: underground #### Resource Data - Category: probable - Tonnes: 1155000 - Grade: 0.03 - Grade Unit: % - Contained Metal: 0.4 - Contained Unit: kt - Cutoff Grade: 150.61 - Cutoff Unit: US$/t #### Prior Estimate - Resource Date: 2026-02-28 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-05-01T00:00:00.000Z Reasoning: This Probable reserve for cobalt at Eagle East is part of the new NI 43-101 compliant baseline, providing high confidence for economic viability. - Positive factor: High confidence Probable category - Positive factor: Part of new baseline estimate - Positive factor: Underground mining method - Positive factor: Contained metal reported Evidence · table > 0.03 Context: 1,155 #### Tags used in scoring **Probable Reserve** Polarity: positive Definition: Indicated Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "probable" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### probable [Link to this fact](https://atlas-staging.minestarters.com/news/talon-metals-announces-eagle-mine-ni-43-101-technical-report-results-provides-hi--d7cefb59-3299-4eda-927d-b804ae41c997#fact-resource-facts-103) Eagle Mine · platinum #### Identity - Project: Eagle Mine - Commodity: platinum - Region: michigan - Reported Region: Michigan - Ticker: TLO #### Resource scope - Estimate type: reserve - Effective date: 2026-02-28T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Bill Bagnell, Brian Thomas, Ibrahim Karajeh, David Jin, Khalid Mounhir, James Smith, Jason Obermeyer, Devin Castendyk, Emilie Williams - Resource group id: resource:7d8ffe38a78a5acde2be - Deposit or zone: Eagle East - Mining method: underground #### Resource Data - Category: probable - Tonnes: 1155000 - Grade: 0.33 - Grade Unit: g/t - Contained Metal: 12.2 - Contained Unit: koz - Cutoff Grade: 150.61 - Cutoff Unit: US$/t #### Prior Estimate - Resource Date: 2026-02-28 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-05-01T00:00:00.000Z Reasoning: This Probable reserve for platinum at Eagle East is part of the new NI 43-101 compliant baseline, providing high confidence for economic viability. - Positive factor: High confidence Probable category - Positive factor: Part of new baseline estimate - Positive factor: Underground mining method - Positive factor: Contained metal reported Evidence · table > 0.33 Context: 1,155 #### Tags used in scoring **Probable Reserve** Polarity: positive Definition: Indicated Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "probable" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### probable [Link to this fact](https://atlas-staging.minestarters.com/news/talon-metals-announces-eagle-mine-ni-43-101-technical-report-results-provides-hi--d7cefb59-3299-4eda-927d-b804ae41c997#fact-resource-facts-104) Eagle Mine · palladium #### Identity - Project: Eagle Mine - Commodity: palladium - Region: michigan - Reported Region: Michigan - Ticker: TLO #### Resource scope - Estimate type: reserve - Effective date: 2026-02-28T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Bill Bagnell, Brian Thomas, Ibrahim Karajeh, David Jin, Khalid Mounhir, James Smith, Jason Obermeyer, Devin Castendyk, Emilie Williams - Resource group id: resource:7d8ffe38a78a5acde2be - Deposit or zone: Eagle East - Mining method: underground #### Resource Data - Category: probable - Tonnes: 1155000 - Grade: 0.23 - Grade Unit: g/t - Contained Metal: 8.36 - Contained Unit: koz - Cutoff Grade: 150.61 - Cutoff Unit: US$/t #### Prior Estimate - Resource Date: 2026-02-28 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-05-01T00:00:00.000Z Reasoning: This Probable reserve for palladium at Eagle East is part of the new NI 43-101 compliant baseline, providing high confidence for economic viability. - Positive factor: High confidence Probable category - Positive factor: Part of new baseline estimate - Positive factor: Underground mining method - Positive factor: Contained metal reported Evidence · table > 0.23 Context: 1,155 #### Tags used in scoring **Probable Reserve** Polarity: positive Definition: Indicated Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "probable" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### probable [Link to this fact](https://atlas-staging.minestarters.com/news/talon-metals-announces-eagle-mine-ni-43-101-technical-report-results-provides-hi--d7cefb59-3299-4eda-927d-b804ae41c997#fact-resource-facts-105) Eagle Mine · nickel #### Identity - Project: Eagle Mine - Commodity: nickel - Region: michigan - Reported Region: Michigan - Ticker: TLO #### Resource scope - Estimate type: reserve - Effective date: 2026-02-28T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Bill Bagnell, Brian Thomas, Ibrahim Karajeh, David Jin, Khalid Mounhir, James Smith, Jason Obermeyer, Devin Castendyk, Emilie Williams - Resource group id: resource:8efb3c654efffef0ac13 - Deposit or zone: Eagle East Sub Total - Mining method: underground #### Resource Data - Category: probable - Tonnes: 1155000 - Grade: 1.31 - Grade Unit: % - Contained Metal: 15.15 - Contained Unit: kt - Cutoff Grade: 150.61 - Cutoff Unit: US$/t #### Prior Estimate - Resource Date: 2026-02-28 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-05-01T00:00:00.000Z Reasoning: This sub-total reserve for nickel at Eagle East is part of the new NI 43-101 compliant baseline, providing high confidence for economic viability. - Positive factor: High confidence Probable category - Positive factor: Part of new baseline estimate - Positive factor: Underground mining method - Positive factor: Contained metal reported Evidence · table > 1.31 Context: 1,155 #### Tags used in scoring **Probable Reserve** Polarity: positive Definition: Indicated Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "probable" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### probable [Link to this fact](https://atlas-staging.minestarters.com/news/talon-metals-announces-eagle-mine-ni-43-101-technical-report-results-provides-hi--d7cefb59-3299-4eda-927d-b804ae41c997#fact-resource-facts-106) Eagle Mine · copper #### Identity - Project: Eagle Mine - Commodity: copper - Region: michigan - Reported Region: Michigan - Ticker: TLO #### Resource scope - Estimate type: reserve - Effective date: 2026-02-28T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Bill Bagnell, Brian Thomas, Ibrahim Karajeh, David Jin, Khalid Mounhir, James Smith, Jason Obermeyer, Devin Castendyk, Emilie Williams - Resource group id: resource:8efb3c654efffef0ac13 - Deposit or zone: Eagle East Sub Total - Mining method: underground #### Resource Data - Category: probable - Tonnes: 1155000 - Grade: 1.09 - Grade Unit: % - Contained Metal: 12.61 - Contained Unit: kt - Cutoff Grade: 150.61 - Cutoff Unit: US$/t #### Prior Estimate - Resource Date: 2026-02-28 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-05-01T00:00:00.000Z Reasoning: This sub-total reserve for copper at Eagle East is part of the new NI 43-101 compliant baseline, providing high confidence for economic viability. - Positive factor: High confidence Probable category - Positive factor: Part of new baseline estimate - Positive factor: Underground mining method - Positive factor: Contained metal reported Evidence · table > 1.09 Context: 1,155 #### Tags used in scoring **Probable Reserve** Polarity: positive Definition: Indicated Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "probable" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### probable [Link to this fact](https://atlas-staging.minestarters.com/news/talon-metals-announces-eagle-mine-ni-43-101-technical-report-results-provides-hi--d7cefb59-3299-4eda-927d-b804ae41c997#fact-resource-facts-107) Eagle Mine · gold #### Identity - Project: Eagle Mine - Commodity: gold - Region: michigan - Reported Region: Michigan - Ticker: TLO #### Resource scope - Estimate type: reserve - Effective date: 2026-02-28T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Bill Bagnell, Brian Thomas, Ibrahim Karajeh, David Jin, Khalid Mounhir, James Smith, Jason Obermeyer, Devin Castendyk, Emilie Williams - Resource group id: resource:8efb3c654efffef0ac13 - Deposit or zone: Eagle East Sub Total - Mining method: underground #### Resource Data - Category: probable - Tonnes: 1155000 - Grade: 0.13 - Grade Unit: g/t - Contained Metal: 4.99 - Contained Unit: koz - Cutoff Grade: 150.61 - Cutoff Unit: US$/t #### Prior Estimate - Resource Date: 2026-02-28 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-05-01T00:00:00.000Z Reasoning: This sub-total reserve for gold at Eagle East is part of the new NI 43-101 compliant baseline, providing high confidence for economic viability, though the grade is low. - Positive factor: High confidence Probable category - Positive factor: Part of new baseline estimate - Positive factor: Underground mining method - Positive factor: Contained metal reported Evidence · table > 0.13 Context: 1,155 #### Tags used in scoring **Probable Reserve** Polarity: positive Definition: Indicated Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "probable" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### probable [Link to this fact](https://atlas-staging.minestarters.com/news/talon-metals-announces-eagle-mine-ni-43-101-technical-report-results-provides-hi--d7cefb59-3299-4eda-927d-b804ae41c997#fact-resource-facts-108) Eagle Mine · silver #### Identity - Project: Eagle Mine - Commodity: silver - Region: michigan - Reported Region: Michigan - Ticker: TLO #### Resource scope - Estimate type: reserve - Effective date: 2026-02-28T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Bill Bagnell, Brian Thomas, Ibrahim Karajeh, David Jin, Khalid Mounhir, James Smith, Jason Obermeyer, Devin Castendyk, Emilie Williams - Resource group id: resource:8efb3c654efffef0ac13 - Deposit or zone: Eagle East Sub Total - Mining method: underground #### Resource Data - Category: probable - Tonnes: 1155000 - Grade: 4.62 - Grade Unit: g/t - Contained Metal: 171.7 - Contained Unit: koz - Cutoff Grade: 150.61 - Cutoff Unit: US$/t #### Prior Estimate - Resource Date: 2026-02-28 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-05-01T00:00:00.000Z Reasoning: This sub-total reserve for silver at Eagle East is part of the new NI 43-101 compliant baseline, providing high confidence for economic viability, though the grade is low. - Positive factor: High confidence Probable category - Positive factor: Part of new baseline estimate - Positive factor: Underground mining method - Positive factor: Contained metal reported Evidence · table > 4.62 Context: 1,155 #### Tags used in scoring **Probable Reserve** Polarity: positive Definition: Indicated Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "probable" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### probable [Link to this fact](https://atlas-staging.minestarters.com/news/talon-metals-announces-eagle-mine-ni-43-101-technical-report-results-provides-hi--d7cefb59-3299-4eda-927d-b804ae41c997#fact-resource-facts-109) Eagle Mine · cobalt #### Identity - Project: Eagle Mine - Commodity: cobalt - Region: michigan - Reported Region: Michigan - Ticker: TLO #### Resource scope - Estimate type: reserve - Effective date: 2026-02-28T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Bill Bagnell, Brian Thomas, Ibrahim Karajeh, David Jin, Khalid Mounhir, James Smith, Jason Obermeyer, Devin Castendyk, Emilie Williams - Resource group id: resource:8efb3c654efffef0ac13 - Deposit or zone: Eagle East Sub Total - Mining method: underground #### Resource Data - Category: probable - Tonnes: 1155000 - Grade: 0.03 - Grade Unit: % - Contained Metal: 0.4 - Contained Unit: kt - Cutoff Grade: 150.61 - Cutoff Unit: US$/t #### Prior Estimate - Resource Date: 2026-02-28 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-05-01T00:00:00.000Z Reasoning: This sub-total reserve for cobalt at Eagle East is part of the new NI 43-101 compliant baseline, providing high confidence for economic viability. - Positive factor: High confidence Probable category - Positive factor: Part of new baseline estimate - Positive factor: Underground mining method - Positive factor: Contained metal reported Evidence · table > 0.03 Context: 1,155 #### Tags used in scoring **Probable Reserve** Polarity: positive Definition: Indicated Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "probable" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### probable [Link to this fact](https://atlas-staging.minestarters.com/news/talon-metals-announces-eagle-mine-ni-43-101-technical-report-results-provides-hi--d7cefb59-3299-4eda-927d-b804ae41c997#fact-resource-facts-110) Eagle Mine · platinum #### Identity - Project: Eagle Mine - Commodity: platinum - Region: michigan - Reported Region: Michigan - Ticker: TLO #### Resource scope - Estimate type: reserve - Effective date: 2026-02-28T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Bill Bagnell, Brian Thomas, Ibrahim Karajeh, David Jin, Khalid Mounhir, James Smith, Jason Obermeyer, Devin Castendyk, Emilie Williams - Resource group id: resource:8efb3c654efffef0ac13 - Deposit or zone: Eagle East Sub Total - Mining method: underground #### Resource Data - Category: probable - Tonnes: 1155000 - Grade: 0.33 - Grade Unit: g/t - Contained Metal: 12.2 - Contained Unit: koz - Cutoff Grade: 150.61 - Cutoff Unit: US$/t #### Prior Estimate - Resource Date: 2026-02-28 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-05-01T00:00:00.000Z Reasoning: This sub-total reserve for platinum at Eagle East is part of the new NI 43-101 compliant baseline, providing high confidence for economic viability. - Positive factor: High confidence Probable category - Positive factor: Part of new baseline estimate - Positive factor: Underground mining method - Positive factor: Contained metal reported Evidence · table > 0.33 Context: 1,155 #### Tags used in scoring **Probable Reserve** Polarity: positive Definition: Indicated Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "probable" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### probable [Link to this fact](https://atlas-staging.minestarters.com/news/talon-metals-announces-eagle-mine-ni-43-101-technical-report-results-provides-hi--d7cefb59-3299-4eda-927d-b804ae41c997#fact-resource-facts-111) Eagle Mine · palladium #### Identity - Project: Eagle Mine - Commodity: palladium - Region: michigan - Reported Region: Michigan - Ticker: TLO #### Resource scope - Estimate type: reserve - Effective date: 2026-02-28T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Bill Bagnell, Brian Thomas, Ibrahim Karajeh, David Jin, Khalid Mounhir, James Smith, Jason Obermeyer, Devin Castendyk, Emilie Williams - Resource group id: resource:8efb3c654efffef0ac13 - Deposit or zone: Eagle East Sub Total - Mining method: underground #### Resource Data - Category: probable - Tonnes: 1155000 - Grade: 0.23 - Grade Unit: g/t - Contained Metal: 8.36 - Contained Unit: koz - Cutoff Grade: 150.61 - Cutoff Unit: US$/t #### Prior Estimate - Resource Date: 2026-02-28 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-05-01T00:00:00.000Z Reasoning: This sub-total reserve for palladium at Eagle East is part of the new NI 43-101 compliant baseline, providing high confidence for economic viability. - Positive factor: High confidence Probable category - Positive factor: Part of new baseline estimate - Positive factor: Underground mining method - Positive factor: Contained metal reported Evidence · table > 0.23 Context: 1,155 #### Tags used in scoring **Probable Reserve** Polarity: positive Definition: Indicated Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "probable" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### probable [Link to this fact](https://atlas-staging.minestarters.com/news/talon-metals-announces-eagle-mine-ni-43-101-technical-report-results-provides-hi--d7cefb59-3299-4eda-927d-b804ae41c997#fact-resource-facts-112) Eagle Mine · nickel #### Identity - Project: Eagle Mine - Commodity: nickel - Region: michigan - Reported Region: Michigan - Ticker: TLO #### Resource scope - Estimate type: reserve - Effective date: 2026-02-28T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Bill Bagnell, Brian Thomas, Ibrahim Karajeh, David Jin, Khalid Mounhir, James Smith, Jason Obermeyer, Devin Castendyk, Emilie Williams - Resource group id: resource:680db908cfda2f8aff17 - Deposit or zone: Keel - Mining method: underground #### Resource Data - Category: probable - Tonnes: 2290000 - Grade: 0.94 - Grade Unit: % - Contained Metal: 21.5 - Contained Unit: kt - Cutoff Grade: 150.61 - Cutoff Unit: US$/t #### Prior Estimate - Resource Date: 2026-02-28 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-05-01T00:00:00.000Z Reasoning: This Probable reserve for nickel at Keel is part of the new NI 43-101 compliant baseline, providing high confidence for economic viability. - Positive factor: High confidence Probable category - Positive factor: Part of new baseline estimate - Positive factor: Underground mining method - Positive factor: Contained metal reported Evidence · table > 0.94 Context: 2,290 #### Tags used in scoring **Probable Reserve** Polarity: positive Definition: Indicated Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "probable" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### probable [Link to this fact](https://atlas-staging.minestarters.com/news/talon-metals-announces-eagle-mine-ni-43-101-technical-report-results-provides-hi--d7cefb59-3299-4eda-927d-b804ae41c997#fact-resource-facts-113) Eagle Mine · copper #### Identity - Project: Eagle Mine - Commodity: copper - Region: michigan - Reported Region: Michigan - Ticker: TLO #### Resource scope - Estimate type: reserve - Effective date: 2026-02-28T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Bill Bagnell, Brian Thomas, Ibrahim Karajeh, David Jin, Khalid Mounhir, James Smith, Jason Obermeyer, Devin Castendyk, Emilie Williams - Resource group id: resource:680db908cfda2f8aff17 - Deposit or zone: Keel - Mining method: underground #### Resource Data - Category: probable - Tonnes: 2290000 - Grade: 0.68 - Grade Unit: % - Contained Metal: 15.48 - Contained Unit: kt - Cutoff Grade: 150.61 - Cutoff Unit: US$/t #### Prior Estimate - Resource Date: 2026-02-28 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-05-01T00:00:00.000Z Reasoning: This Probable reserve for copper at Keel is part of the new NI 43-101 compliant baseline, providing high confidence for economic viability. - Positive factor: High confidence Probable category - Positive factor: Part of new baseline estimate - Positive factor: Underground mining method - Positive factor: Contained metal reported Evidence · table > 0.68 Context: 2,290 #### Tags used in scoring **Probable Reserve** Polarity: positive Definition: Indicated Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "probable" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### probable [Link to this fact](https://atlas-staging.minestarters.com/news/talon-metals-announces-eagle-mine-ni-43-101-technical-report-results-provides-hi--d7cefb59-3299-4eda-927d-b804ae41c997#fact-resource-facts-114) Eagle Mine · gold #### Identity - Project: Eagle Mine - Commodity: gold - Region: michigan - Reported Region: Michigan - Ticker: TLO #### Resource scope - Estimate type: reserve - Effective date: 2026-02-28T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Bill Bagnell, Brian Thomas, Ibrahim Karajeh, David Jin, Khalid Mounhir, James Smith, Jason Obermeyer, Devin Castendyk, Emilie Williams - Resource group id: resource:680db908cfda2f8aff17 - Deposit or zone: Keel - Mining method: underground #### Resource Data - Category: probable - Tonnes: 2290000 - Grade: 0.07 - Grade Unit: g/t - Contained Metal: 5.52 - Contained Unit: koz - Cutoff Grade: 150.61 - Cutoff Unit: US$/t #### Prior Estimate - Resource Date: 2026-02-28 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-05-01T00:00:00.000Z Reasoning: This Probable reserve for gold at Keel is part of the new NI 43-101 compliant baseline, providing high confidence for economic viability, though the grade is low. - Positive factor: High confidence Probable category - Positive factor: Part of new baseline estimate - Positive factor: Underground mining method - Positive factor: Contained metal reported Evidence · table > 0.07 Context: 2,290 #### Tags used in scoring **Probable Reserve** Polarity: positive Definition: Indicated Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "probable" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### probable [Link to this fact](https://atlas-staging.minestarters.com/news/talon-metals-announces-eagle-mine-ni-43-101-technical-report-results-provides-hi--d7cefb59-3299-4eda-927d-b804ae41c997#fact-resource-facts-115) Eagle Mine · silver #### Identity - Project: Eagle Mine - Commodity: silver - Region: michigan - Reported Region: Michigan - Ticker: TLO #### Resource scope - Estimate type: reserve - Effective date: 2026-02-28T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Bill Bagnell, Brian Thomas, Ibrahim Karajeh, David Jin, Khalid Mounhir, James Smith, Jason Obermeyer, Devin Castendyk, Emilie Williams - Resource group id: resource:680db908cfda2f8aff17 - Deposit or zone: Keel - Mining method: underground #### Resource Data - Category: probable - Tonnes: 2290000 - Grade: 2.71 - Grade Unit: g/t - Contained Metal: 199.4 - Contained Unit: koz - Cutoff Grade: 150.61 - Cutoff Unit: US$/t #### Prior Estimate - Resource Date: 2026-02-28 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-05-01T00:00:00.000Z Reasoning: This Probable reserve for silver at Keel is part of the new NI 43-101 compliant baseline, providing high confidence for economic viability, though the grade is low. - Positive factor: High confidence Probable category - Positive factor: Part of new baseline estimate - Positive factor: Underground mining method - Positive factor: Contained metal reported Evidence · table > 2.71 Context: 2,290 #### Tags used in scoring **Probable Reserve** Polarity: positive Definition: Indicated Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "probable" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### probable [Link to this fact](https://atlas-staging.minestarters.com/news/talon-metals-announces-eagle-mine-ni-43-101-technical-report-results-provides-hi--d7cefb59-3299-4eda-927d-b804ae41c997#fact-resource-facts-116) Eagle Mine · cobalt #### Identity - Project: Eagle Mine - Commodity: cobalt - Region: michigan - Reported Region: Michigan - Ticker: TLO #### Resource scope - Estimate type: reserve - Effective date: 2026-02-28T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Bill Bagnell, Brian Thomas, Ibrahim Karajeh, David Jin, Khalid Mounhir, James Smith, Jason Obermeyer, Devin Castendyk, Emilie Williams - Resource group id: resource:680db908cfda2f8aff17 - Deposit or zone: Keel - Mining method: underground #### Resource Data - Category: probable - Tonnes: 2290000 - Grade: 0.03 - Grade Unit: % - Contained Metal: 0.59 - Contained Unit: kt - Cutoff Grade: 150.61 - Cutoff Unit: US$/t #### Prior Estimate - Resource Date: 2026-02-28 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-05-01T00:00:00.000Z Reasoning: This Probable reserve for cobalt at Keel is part of the new NI 43-101 compliant baseline, providing high confidence for economic viability. - Positive factor: High confidence Probable category - Positive factor: Part of new baseline estimate - Positive factor: Underground mining method - Positive factor: Contained metal reported Evidence · table > 0.03 Context: 2,290 #### Tags used in scoring **Probable Reserve** Polarity: positive Definition: Indicated Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "probable" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### probable [Link to this fact](https://atlas-staging.minestarters.com/news/talon-metals-announces-eagle-mine-ni-43-101-technical-report-results-provides-hi--d7cefb59-3299-4eda-927d-b804ae41c997#fact-resource-facts-117) Eagle Mine · platinum #### Identity - Project: Eagle Mine - Commodity: platinum - Region: michigan - Reported Region: Michigan - Ticker: TLO #### Resource scope - Estimate type: reserve - Effective date: 2026-02-28T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Bill Bagnell, Brian Thomas, Ibrahim Karajeh, David Jin, Khalid Mounhir, James Smith, Jason Obermeyer, Devin Castendyk, Emilie Williams - Resource group id: resource:680db908cfda2f8aff17 - Deposit or zone: Keel - Mining method: underground #### Resource Data - Category: probable - Tonnes: 2290000 - Grade: 0.17 - Grade Unit: g/t - Contained Metal: 12.8 - Contained Unit: koz - Cutoff Grade: 150.61 - Cutoff Unit: US$/t #### Prior Estimate - Resource Date: 2026-02-28 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-05-01T00:00:00.000Z Reasoning: This Probable reserve for platinum at Keel is part of the new NI 43-101 compliant baseline, providing high confidence for economic viability. - Positive factor: High confidence Probable category - Positive factor: Part of new baseline estimate - Positive factor: Underground mining method - Positive factor: Contained metal reported Evidence · table > 0.17 Context: 2,290 #### Tags used in scoring **Probable Reserve** Polarity: positive Definition: Indicated Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "probable" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### probable [Link to this fact](https://atlas-staging.minestarters.com/news/talon-metals-announces-eagle-mine-ni-43-101-technical-report-results-provides-hi--d7cefb59-3299-4eda-927d-b804ae41c997#fact-resource-facts-118) Eagle Mine · palladium #### Identity - Project: Eagle Mine - Commodity: palladium - Region: michigan - Reported Region: Michigan - Ticker: TLO #### Resource scope - Estimate type: reserve - Effective date: 2026-02-28T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Bill Bagnell, Brian Thomas, Ibrahim Karajeh, David Jin, Khalid Mounhir, James Smith, Jason Obermeyer, Devin Castendyk, Emilie Williams - Resource group id: resource:680db908cfda2f8aff17 - Deposit or zone: Keel - Mining method: underground #### Resource Data - Category: probable - Tonnes: 2290000 - Grade: 0.12 - Grade Unit: g/t - Contained Metal: 8.81 - Contained Unit: koz - Cutoff Grade: 150.61 - Cutoff Unit: US$/t #### Prior Estimate - Resource Date: 2026-02-28 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-05-01T00:00:00.000Z Reasoning: This Probable reserve for palladium at Keel is part of the new NI 43-101 compliant baseline, providing high confidence for economic viability. - Positive factor: High confidence Probable category - Positive factor: Part of new baseline estimate - Positive factor: Underground mining method - Positive factor: Contained metal reported Evidence · table > 0.12 Context: 2,290 #### Tags used in scoring **Probable Reserve** Polarity: positive Definition: Indicated Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "probable" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### probable [Link to this fact](https://atlas-staging.minestarters.com/news/talon-metals-announces-eagle-mine-ni-43-101-technical-report-results-provides-hi--d7cefb59-3299-4eda-927d-b804ae41c997#fact-resource-facts-119) Eagle Mine · nickel #### Identity - Project: Eagle Mine - Commodity: nickel - Region: michigan - Reported Region: Michigan - Ticker: TLO #### Resource scope - Estimate type: reserve - Effective date: 2026-02-28T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Bill Bagnell, Brian Thomas, Ibrahim Karajeh, David Jin, Khalid Mounhir, James Smith, Jason Obermeyer, Devin Castendyk, Emilie Williams - Resource group id: resource:91a68cd8d4e536d43628 - Deposit or zone: Keel Sub Total - Mining method: underground #### Resource Data - Category: probable - Tonnes: 2290000 - Grade: 0.94 - Grade Unit: % - Contained Metal: 21.5 - Contained Unit: kt - Cutoff Grade: 150.61 - Cutoff Unit: US$/t #### Prior Estimate - Resource Date: 2026-02-28 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-05-01T00:00:00.000Z Reasoning: This sub-total reserve for nickel at Keel is part of the new NI 43-101 compliant baseline, providing high confidence for economic viability. - Positive factor: High confidence Probable category - Positive factor: Part of new baseline estimate - Positive factor: Underground mining method - Positive factor: Contained metal reported Evidence · table > 0.94 Context: 2,290 #### Tags used in scoring **Probable Reserve** Polarity: positive Definition: Indicated Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "probable" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### probable [Link to this fact](https://atlas-staging.minestarters.com/news/talon-metals-announces-eagle-mine-ni-43-101-technical-report-results-provides-hi--d7cefb59-3299-4eda-927d-b804ae41c997#fact-resource-facts-120) Eagle Mine · copper #### Identity - Project: Eagle Mine - Commodity: copper - Region: michigan - Reported Region: Michigan - Ticker: TLO #### Resource scope - Estimate type: reserve - Effective date: 2026-02-28T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Bill Bagnell, Brian Thomas, Ibrahim Karajeh, David Jin, Khalid Mounhir, James Smith, Jason Obermeyer, Devin Castendyk, Emilie Williams - Resource group id: resource:91a68cd8d4e536d43628 - Deposit or zone: Keel Sub Total - Mining method: underground #### Resource Data - Category: probable - Tonnes: 2290000 - Grade: 0.68 - Grade Unit: % - Contained Metal: 15.48 - Contained Unit: kt - Cutoff Grade: 150.61 - Cutoff Unit: US$/t #### Prior Estimate - Resource Date: 2026-02-28 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-05-01T00:00:00.000Z Reasoning: This sub-total reserve for copper at Keel is part of the new NI 43-101 compliant baseline, providing high confidence for economic viability. - Positive factor: High confidence Probable category - Positive factor: Part of new baseline estimate - Positive factor: Underground mining method - Positive factor: Contained metal reported Evidence · table > 0.68 Context: 2,290 #### Tags used in scoring **Probable Reserve** Polarity: positive Definition: Indicated Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "probable" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### probable [Link to this fact](https://atlas-staging.minestarters.com/news/talon-metals-announces-eagle-mine-ni-43-101-technical-report-results-provides-hi--d7cefb59-3299-4eda-927d-b804ae41c997#fact-resource-facts-121) Eagle Mine · gold #### Identity - Project: Eagle Mine - Commodity: gold - Region: michigan - Reported Region: Michigan - Ticker: TLO #### Resource scope - Estimate type: reserve - Effective date: 2026-02-28T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Bill Bagnell, Brian Thomas, Ibrahim Karajeh, David Jin, Khalid Mounhir, James Smith, Jason Obermeyer, Devin Castendyk, Emilie Williams - Resource group id: resource:91a68cd8d4e536d43628 - Deposit or zone: Keel Sub Total - Mining method: underground #### Resource Data - Category: probable - Tonnes: 2290000 - Grade: 0.07 - Grade Unit: g/t - Contained Metal: 5.52 - Contained Unit: koz - Cutoff Grade: 150.61 - Cutoff Unit: US$/t #### Prior Estimate - Resource Date: 2026-02-28 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-05-01T00:00:00.000Z Reasoning: This sub-total reserve for gold at Keel is part of the new NI 43-101 compliant baseline, providing high confidence for economic viability, though the grade is low. - Positive factor: High confidence Probable category - Positive factor: Part of new baseline estimate - Positive factor: Underground mining method - Positive factor: Contained metal reported Evidence · table > 0.07 Context: 2,290 #### Tags used in scoring **Probable Reserve** Polarity: positive Definition: Indicated Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "probable" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### probable [Link to this fact](https://atlas-staging.minestarters.com/news/talon-metals-announces-eagle-mine-ni-43-101-technical-report-results-provides-hi--d7cefb59-3299-4eda-927d-b804ae41c997#fact-resource-facts-122) Eagle Mine · silver #### Identity - Project: Eagle Mine - Commodity: silver - Region: michigan - Reported Region: Michigan - Ticker: TLO #### Resource scope - Estimate type: reserve - Effective date: 2026-02-28T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Bill Bagnell, Brian Thomas, Ibrahim Karajeh, David Jin, Khalid Mounhir, James Smith, Jason Obermeyer, Devin Castendyk, Emilie Williams - Resource group id: resource:91a68cd8d4e536d43628 - Deposit or zone: Keel Sub Total - Mining method: underground #### Resource Data - Category: probable - Tonnes: 2290000 - Grade: 2.71 - Grade Unit: g/t - Contained Metal: 199.4 - Contained Unit: koz - Cutoff Grade: 150.61 - Cutoff Unit: US$/t #### Prior Estimate - Resource Date: 2026-02-28 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-05-01T00:00:00.000Z Reasoning: This sub-total reserve for silver at Keel is part of the new NI 43-101 compliant baseline, providing high confidence for economic viability, though the grade is low. - Positive factor: High confidence Probable category - Positive factor: Part of new baseline estimate - Positive factor: Underground mining method - Positive factor: Contained metal reported Evidence · table > 2.71 Context: 2,290 #### Tags used in scoring **Probable Reserve** Polarity: positive Definition: Indicated Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "probable" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### probable [Link to this fact](https://atlas-staging.minestarters.com/news/talon-metals-announces-eagle-mine-ni-43-101-technical-report-results-provides-hi--d7cefb59-3299-4eda-927d-b804ae41c997#fact-resource-facts-123) Eagle Mine · cobalt #### Identity - Project: Eagle Mine - Commodity: cobalt - Region: michigan - Reported Region: Michigan - Ticker: TLO #### Resource scope - Estimate type: reserve - Effective date: 2026-02-28T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Bill Bagnell, Brian Thomas, Ibrahim Karajeh, David Jin, Khalid Mounhir, James Smith, Jason Obermeyer, Devin Castendyk, Emilie Williams - Resource group id: resource:91a68cd8d4e536d43628 - Deposit or zone: Keel Sub Total - Mining method: underground #### Resource Data - Category: probable - Tonnes: 2290000 - Grade: 0.03 - Grade Unit: % - Contained Metal: 0.59 - Contained Unit: kt - Cutoff Grade: 150.61 - Cutoff Unit: US$/t #### Prior Estimate - Resource Date: 2026-02-28 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-05-01T00:00:00.000Z Reasoning: This sub-total reserve for cobalt at Keel is part of the new NI 43-101 compliant baseline, providing high confidence for economic viability. - Positive factor: High confidence Probable category - Positive factor: Part of new baseline estimate - Positive factor: Underground mining method - Positive factor: Contained metal reported Evidence · table > 0.03 Context: 2,290 #### Tags used in scoring **Probable Reserve** Polarity: positive Definition: Indicated Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "probable" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### probable [Link to this fact](https://atlas-staging.minestarters.com/news/talon-metals-announces-eagle-mine-ni-43-101-technical-report-results-provides-hi--d7cefb59-3299-4eda-927d-b804ae41c997#fact-resource-facts-124) Eagle Mine · platinum #### Identity - Project: Eagle Mine - Commodity: platinum - Region: michigan - Reported Region: Michigan - Ticker: TLO #### Resource scope - Estimate type: reserve - Effective date: 2026-02-28T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Bill Bagnell, Brian Thomas, Ibrahim Karajeh, David Jin, Khalid Mounhir, James Smith, Jason Obermeyer, Devin Castendyk, Emilie Williams - Resource group id: resource:91a68cd8d4e536d43628 - Deposit or zone: Keel Sub Total - Mining method: underground #### Resource Data - Category: probable - Tonnes: 2290000 - Grade: 0.17 - Grade Unit: g/t - Contained Metal: 12.8 - Contained Unit: koz - Cutoff Grade: 150.61 - Cutoff Unit: US$/t #### Prior Estimate - Resource Date: 2026-02-28 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-05-01T00:00:00.000Z - Positive factor: High confidence Probable category - Positive factor: Part of new baseline estimate - Positive factor: Underground mining method #### Tags used in scoring **Probable Reserve** Polarity: positive Definition: Indicated Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "probable" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/talon-metals-announces-eagle-mine-ni-43-101-technical-report-results-provides-hi--d7cefb59-3299-4eda-927d-b804ae41c997#fact-resource-facts-125) Eagle Mine · nickel #### Identity - Project: Eagle Mine - Commodity: nickel - Region: michigan - Reported Region: Michigan - Ticker: TLO #### Resource scope - Estimate type: resource - Effective date: 2026-02-28T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Brian Thomas - Resource group id: resource:d357e8bc02f2824e42ac - Mining method: underground #### Resource Data - Category: indicated - Tonnes: 3299000 - Grade: 1.28 - Grade Unit: % - Cutoff Grade: 150.61 - Cutoff Unit: US$/t #### Prior Estimate - Resource Date: 2026-02-28 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-05-01T00:00:00.000Z Reasoning: This total M&I resource for nickel is part of the new NI 43-101 compliant baseline, providing high confidence for future mine planning. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: High confidence M&I category - Positive factor: Part of new baseline estimate - Positive factor: Underground mining method Evidence · table > 1.28 Context: 3,299 #### 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 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/talon-metals-announces-eagle-mine-ni-43-101-technical-report-results-provides-hi--d7cefb59-3299-4eda-927d-b804ae41c997#fact-resource-facts-126) Eagle Mine · copper #### Identity - Project: Eagle Mine - Commodity: copper - Region: michigan - Reported Region: Michigan - Ticker: TLO #### Resource scope - Estimate type: resource - Effective date: 2026-02-28T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Brian Thomas - Resource group id: resource:d357e8bc02f2824e42ac - Mining method: underground #### Resource Data - Category: indicated - Tonnes: 3299000 - Grade: 0.97 - Grade Unit: % - Cutoff Grade: 150.61 - Cutoff Unit: US$/t #### Prior Estimate - Resource Date: 2026-02-28 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-05-01T00:00:00.000Z Reasoning: This total M&I resource for nickel is part of the new NI 43-101 compliant baseline, providing high confidence for future mine planning. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: High confidence M&I category - Positive factor: Part of new baseline estimate - Positive factor: Underground mining method Evidence · table > 0.97 Context: 3,299 #### 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 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/talon-metals-announces-eagle-mine-ni-43-101-technical-report-results-provides-hi--d7cefb59-3299-4eda-927d-b804ae41c997#fact-resource-facts-127) Eagle Mine · cobalt #### Identity - Project: Eagle Mine - Commodity: cobalt - Region: michigan - Reported Region: Michigan - Ticker: TLO #### Resource scope - Estimate type: resource - Effective date: 2026-02-28T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Brian Thomas - Resource group id: resource:d357e8bc02f2824e42ac - Mining method: underground #### Resource Data - Category: indicated - Tonnes: 3299000 - Grade: 0.03 - Grade Unit: % - Cutoff Grade: 150.61 - Cutoff Unit: US$/t #### Prior Estimate - Resource Date: 2026-02-28 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-05-01T00:00:00.000Z Reasoning: This total M&I resource for nickel is part of the new NI 43-101 compliant baseline, providing high confidence for future mine planning. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: High confidence M&I category - Positive factor: Part of new baseline estimate - Positive factor: Underground mining method Evidence · table > 0.03 Context: 3,299 #### 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 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/talon-metals-announces-eagle-mine-ni-43-101-technical-report-results-provides-hi--d7cefb59-3299-4eda-927d-b804ae41c997#fact-resource-facts-128) Eagle Mine · gold #### Identity - Project: Eagle Mine - Commodity: gold - Region: michigan - Reported Region: Michigan - Ticker: TLO #### Resource scope - Estimate type: resource - Effective date: 2026-02-28T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Brian Thomas - Resource group id: resource:d357e8bc02f2824e42ac - Mining method: underground #### Resource Data - Category: indicated - Tonnes: 3299000 - Grade: 0.11 - Grade Unit: g/t - Cutoff Grade: 150.61 - Cutoff Unit: US$/t #### Prior Estimate - Resource Date: 2026-02-28 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-05-01T00:00:00.000Z Reasoning: This total M&I resource for nickel is part of the new NI 43-101 compliant baseline, providing high confidence for future mine planning. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: High confidence M&I category - Positive factor: Part of new baseline estimate - Positive factor: Underground mining method Evidence · table > 0.11 Context: 3,299 #### 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 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/talon-metals-announces-eagle-mine-ni-43-101-technical-report-results-provides-hi--d7cefb59-3299-4eda-927d-b804ae41c997#fact-resource-facts-129) Eagle Mine · silver #### Identity - Project: Eagle Mine - Commodity: silver - Region: michigan - Reported Region: Michigan - Ticker: TLO #### Resource scope - Estimate type: resource - Effective date: 2026-02-28T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Brian Thomas - Resource group id: resource:d357e8bc02f2824e42ac - Mining method: underground #### Resource Data - Category: indicated - Tonnes: 3299000 - Grade: 4.02 - Grade Unit: g/t - Cutoff Grade: 150.61 - Cutoff Unit: US$/t #### Prior Estimate - Resource Date: 2026-02-28 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-05-01T00:00:00.000Z Reasoning: This total M&I resource for nickel is part of the new NI 43-101 compliant baseline, providing high confidence for future mine planning. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: High confidence M&I category - Positive factor: Part of new baseline estimate - Positive factor: Underground mining method Evidence · table > 4.02 Context: 3,299 #### 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 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/talon-metals-announces-eagle-mine-ni-43-101-technical-report-results-provides-hi--d7cefb59-3299-4eda-927d-b804ae41c997#fact-resource-facts-130) Eagle Mine · platinum #### Identity - Project: Eagle Mine - Commodity: platinum - Region: michigan - Reported Region: Michigan - Ticker: TLO #### Resource scope - Estimate type: resource - Effective date: 2026-02-28T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Brian Thomas - Resource group id: resource:d357e8bc02f2824e42ac - Mining method: underground #### Resource Data - Category: indicated - Tonnes: 3299000 - Grade: 0.27 - Grade Unit: g/t - Cutoff Grade: 150.61 - Cutoff Unit: US$/t #### Prior Estimate - Resource Date: 2026-02-28 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-05-01T00:00:00.000Z Reasoning: This total M&I resource for nickel is part of the new NI 43-101 compliant baseline, providing high confidence for future mine planning. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: High confidence M&I category - Positive factor: Part of new baseline estimate - Positive factor: Underground mining method Evidence · table > 0.27 Context: 3,299 #### 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 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/talon-metals-announces-eagle-mine-ni-43-101-technical-report-results-provides-hi--d7cefb59-3299-4eda-927d-b804ae41c997#fact-resource-facts-131) Eagle Mine · palladium #### Identity - Project: Eagle Mine - Commodity: palladium - Region: michigan - Reported Region: Michigan - Ticker: TLO #### Resource scope - Estimate type: resource - Effective date: 2026-02-28T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Brian Thomas - Resource group id: resource:d357e8bc02f2824e42ac - Mining method: underground #### Resource Data - Category: indicated - Tonnes: 3299000 - Grade: 0.19 - Grade Unit: g/t - Cutoff Grade: 150.61 - Cutoff Unit: US$/t #### Prior Estimate - Resource Date: 2026-02-28 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-05-01T00:00:00.000Z Reasoning: This total M&I resource for nickel is part of the new NI 43-101 compliant baseline, providing high confidence for future mine planning. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: High confidence M&I category - Positive factor: Part of new baseline estimate - Positive factor: Underground mining method Evidence · table > 0.19 Context: 3,299 #### 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 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### proven [Link to this fact](https://atlas-staging.minestarters.com/news/talon-metals-announces-eagle-mine-ni-43-101-technical-report-results-provides-hi--d7cefb59-3299-4eda-927d-b804ae41c997#fact-resource-facts-132) Eagle Mine · cobalt #### Identity - Project: Eagle Mine - Commodity: cobalt - Region: michigan - Reported Region: Michigan - Ticker: TLO #### Resource scope - Estimate type: reserve - Effective date: 2026-02-28T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Bill Bagnell, Brian Thomas, Ibrahim Karajeh, David Jin, Khalid Mounhir, James Smith, Jason Obermeyer, Devin Castendyk, Emilie Williams - Resource group id: resource:42b9c2ba1e9c1d211018 - Deposit or zone: Eagle - Mining method: underground #### Resource Data - Category: proven - Tonnes: 350 - Grade: 1.36 - Grade Unit: g/t - Contained Metal: 0.36 - Contained Unit: koz - Cutoff Grade: 150.61 - Cutoff Unit: US$/t #### Prior Estimate - Resource Date: 2026-02-28 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-05-01T00:00:00.000Z Reasoning: This Proven reserve for nickel at Eagle is part of the new NI 43-101 compliant baseline, providing the highest confidence for economic viability. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: Highest confidence Proven category - Positive factor: Part of new baseline estimate - Positive factor: Underground mining method - Positive factor: Contained metal reported Evidence · table > 1.36 Context: 0.35 #### Tags used in scoring **Proven Reserve** Polarity: positive Definition: Measured Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "proven" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### proven [Link to this fact](https://atlas-staging.minestarters.com/news/talon-metals-announces-eagle-mine-ni-43-101-technical-report-results-provides-hi--d7cefb59-3299-4eda-927d-b804ae41c997#fact-resource-facts-133) Eagle Mine · platinum #### Identity - Project: Eagle Mine - Commodity: platinum - Region: michigan - Reported Region: Michigan - Ticker: TLO #### Resource scope - Estimate type: reserve - Effective date: 2026-02-28T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Bill Bagnell, Brian Thomas, Ibrahim Karajeh, David Jin, Khalid Mounhir, James Smith, Jason Obermeyer, Devin Castendyk, Emilie Williams - Resource group id: resource:42b9c2ba1e9c1d211018 - Deposit or zone: Eagle - Mining method: underground #### Resource Data - Category: proven - Tonnes: 350 - Grade: 0.18 - Grade Unit: % - Contained Metal: 0.15 - Contained Unit: kt - Cutoff Grade: 150.61 - Cutoff Unit: US$/t #### Prior Estimate - Resource Date: 2026-02-28 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-05-01T00:00:00.000Z Reasoning: This Proven reserve for nickel at Eagle is part of the new NI 43-101 compliant baseline, providing the highest confidence for economic viability. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: Highest confidence Proven category - Positive factor: Part of new baseline estimate - Positive factor: Underground mining method - Positive factor: Contained metal reported Evidence · table > 0.18 Context: 0.35 #### Tags used in scoring **Proven Reserve** Polarity: positive Definition: Measured Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "proven" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### proven [Link to this fact](https://atlas-staging.minestarters.com/news/talon-metals-announces-eagle-mine-ni-43-101-technical-report-results-provides-hi--d7cefb59-3299-4eda-927d-b804ae41c997#fact-resource-facts-134) Eagle Mine · nickel #### Identity - Project: Eagle Mine - Commodity: nickel - Region: michigan - Reported Region: Michigan - Ticker: TLO #### Resource scope - Estimate type: reserve - Effective date: 2026-02-28T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Bill Bagnell, Brian Thomas, Ibrahim Karajeh, David Jin, Khalid Mounhir, James Smith, Jason Obermeyer, Devin Castendyk, Emilie Williams - Resource group id: resource:42b9c2ba1e9c1d211018 - Deposit or zone: Eagle - Mining method: underground #### Resource Data - Category: proven - Tonnes: 350 - Grade: 0.03 - Grade Unit: g/t - Cutoff Grade: 150.61 - Cutoff Unit: US$/t #### Prior Estimate - Resource Date: 2026-02-28 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-05-01T00:00:00.000Z Reasoning: This Proven reserve for nickel at Eagle is part of the new NI 43-101 compliant baseline, providing the highest confidence for economic viability. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: Highest confidence Proven category - Positive factor: Part of new baseline estimate - Positive factor: Underground mining method - Positive factor: Contained metal reported Evidence · table > 0.03 Context: 0.35 #### Tags used in scoring **Proven Reserve** Polarity: positive Definition: Measured Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "proven" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **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 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### proven [Link to this fact](https://atlas-staging.minestarters.com/news/talon-metals-announces-eagle-mine-ni-43-101-technical-report-results-provides-hi--d7cefb59-3299-4eda-927d-b804ae41c997#fact-resource-facts-135) Eagle Mine · cobalt #### Identity - Project: Eagle Mine - Commodity: cobalt - Region: michigan - Reported Region: Michigan - Ticker: TLO #### Resource scope - Estimate type: reserve - Effective date: 2026-02-28T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Bill Bagnell, Brian Thomas, Ibrahim Karajeh, David Jin, Khalid Mounhir, James Smith, Jason Obermeyer, Devin Castendyk, Emilie Williams - Resource group id: resource:f132514207bbab0fd5bb - Mining method: underground #### Resource Data - Category: proven - Tonnes: 350 - Grade: 1.36 - Grade Unit: g/t - Contained Metal: 0.36 - Contained Unit: koz - Cutoff Grade: 150.61 - Cutoff Unit: US$/t #### Prior Estimate - Resource Date: 2026-02-28 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-05-01T00:00:00.000Z Reasoning: This Proven reserve for nickel at Eagle is part of the new NI 43-101 compliant baseline, providing the highest confidence for economic viability. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: Highest confidence Proven category - Positive factor: Part of new baseline estimate - Positive factor: Underground mining method - Positive factor: Contained metal reported Evidence · table > 1.36 Context: 0.35 #### Tags used in scoring **Proven Reserve** Polarity: positive Definition: Measured Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "proven" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### proven [Link to this fact](https://atlas-staging.minestarters.com/news/talon-metals-announces-eagle-mine-ni-43-101-technical-report-results-provides-hi--d7cefb59-3299-4eda-927d-b804ae41c997#fact-resource-facts-136) Eagle Mine · platinum #### Identity - Project: Eagle Mine - Commodity: platinum - Region: michigan - Reported Region: Michigan - Ticker: TLO #### Resource scope - Estimate type: reserve - Effective date: 2026-02-28T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Bill Bagnell, Brian Thomas, Ibrahim Karajeh, David Jin, Khalid Mounhir, James Smith, Jason Obermeyer, Devin Castendyk, Emilie Williams - Resource group id: resource:f132514207bbab0fd5bb - Mining method: underground #### Resource Data - Category: proven - Tonnes: 350 - Grade: 0.18 - Grade Unit: % - Contained Metal: 0.15 - Contained Unit: kt - Cutoff Grade: 150.61 - Cutoff Unit: US$/t #### Prior Estimate - Resource Date: 2026-02-28 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-05-01T00:00:00.000Z Reasoning: This Proven reserve for nickel at Eagle is part of the new NI 43-101 compliant baseline, providing the highest confidence for economic viability. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: Highest confidence Proven category - Positive factor: Part of new baseline estimate - Positive factor: Underground mining method - Positive factor: Contained metal reported Evidence · table > 0.18 Context: 0.35 #### Tags used in scoring **Proven Reserve** Polarity: positive Definition: Measured Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "proven" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### proven [Link to this fact](https://atlas-staging.minestarters.com/news/talon-metals-announces-eagle-mine-ni-43-101-technical-report-results-provides-hi--d7cefb59-3299-4eda-927d-b804ae41c997#fact-resource-facts-137) Eagle Mine · nickel #### Identity - Project: Eagle Mine - Commodity: nickel - Region: michigan - Reported Region: Michigan - Ticker: TLO #### Resource scope - Estimate type: reserve - Effective date: 2026-02-28T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Bill Bagnell, Brian Thomas, Ibrahim Karajeh, David Jin, Khalid Mounhir, James Smith, Jason Obermeyer, Devin Castendyk, Emilie Williams - Resource group id: resource:f132514207bbab0fd5bb - Mining method: underground #### Resource Data - Category: proven - Tonnes: 350 - Grade: 0.03 - Grade Unit: g/t - Cutoff Grade: 150.61 - Cutoff Unit: US$/t #### Prior Estimate - Resource Date: 2026-02-28 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-05-01T00:00:00.000Z Reasoning: This Proven reserve for nickel at Eagle is part of the new NI 43-101 compliant baseline, providing the highest confidence for economic viability. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: Highest confidence Proven category - Positive factor: Part of new baseline estimate - Positive factor: Underground mining method - Positive factor: Contained metal reported Evidence · table > 0.03 Context: 0.35 #### Tags used in scoring **Proven Reserve** Polarity: positive Definition: Measured Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "proven" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **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 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ## 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.