# Troilus Reports Updated Technical Report Following Completion of Basic Engineering, Delivering After-Tax US$3.2 Billion NPV5%, 22% IRR, and Cashflow of US$6.9 Billion at Base Case Gold Price of US $3,600/oz Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/troilus-reports-updated-technical-report-following-completion-of-basic-engineeri--8e298c46-9074-40dd-8b5b-353c2a06c7d9 Original source: https://orestocks.com/company/TLG.TO/press-releases/4583067363469437 Publisher: orestocks Original announcement: 2026-09-09T11:00:00.000Z Analysis by Minestarters Atlas Atlas analysis published: Unknown date Atlas analysis updated: Unknown date - Company: Troilus Mining Corp. - Ticker: TLG.TO - Exchange: Unavailable - Region: Quebec, Canada - Primary commodity: Gold - Secondary commodities: Copper, Silver - Document categories: Resource update, Metallurgy - Extracted: 2026-09-09 12:05:38 UTC Narrative sentiment: 0.90 · Bullish ## Minestarters Atlas summary Troilus Mining Corp. has released an updated NI 43-101 Technical Report for its gold-copper Troilus Project in Quebec, Canada, confirming strong economics with an after-tax NPV5% of US$3.2 billion and an IRR of 22% over a 26-year mine life. The report highlights a 26% increase in Mineral Reserve tonnage and a higher confidence capital estimate, underpinned by 95,000 engineering hours and 90% market-validated pricing. The project is positioned as one of Canada's largest undeveloped gold-copper operations, with a conventional open-pit design and a cyanide-free processing flowsheet. Reasoning: The updated Technical Report confirms robust project economics with a significant after-tax NPV and IRR, a substantial 26% increase in Mineral Reserves, and enhanced cost certainty through advanced engineering and market-validated pricing. The project demonstrates strong potential as a large-scale, long-life gold-copper operation with high confidence in its estimates and a clean processing profile. - Positive factor: Strong economic metrics \(NPV, IRR, cash flow\) confirmed by updated technical report. - Positive factor: Significant 26% increase in Mineral Reserve tonnage compared to prior estimate. - Positive factor: Capital estimate developed to AACE Class 3 accuracy with 90% market-validated pricing, indicating high cost certainty. - Positive factor: Long mine life of 26 years and improved strip ratio of 2.4:1. - Positive factor: QP/CP sign-off and NI 43-101 compliance for the estimates. - Positive factor: Cyanide-free process flowsheet and non-acid-generating waste rock, simplifying environmental management. - Positive factor: Project benefits from substantial existing infrastructure from a former mining operation. - Positive factor: High M&I confidence \(81.6%\) in the overall resource estimate. - Negative factor: Contained metal for some inferred resource categories is reported as 0.0 Moz/Mlb, likely due to rounding, which obscures the actual small quantities. - Negative factor: No specific laboratory named for metallurgical testwork. Low confidence — this extraction should be reviewed alongside the original source. Facts used in scoring: 90 ## Classification and evidence **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: The Technical Report was prepared in accordance with NI 43-101 – Standards of Disclosure for Mineral Projects. Evidence · text > The Technical Report was prepared in accordance with NI 43-101 – Standards of Disclosure for Mineral Projects \(“NI 43-101”\) **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: The Mineral Reserve estimate was completed under the supervision of Gordon Zurowski, P.Eng. of AGP, who is a Qualified Person as defined under NI 43-101, and other QPs are listed for various sections. Evidence · text > The mineral reserve estimate was completed under the supervision of Gordon Zurowski, P.Eng. of AGP, who is a Qualified Person as defined under NI 43-101. **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: The document reports an 'updated NI 43-101 Technical Report' and 'updated Mineral Reserve estimate' and 'updated open-pit Mineral Resource estimate'. Evidence · text > updated NI 43-101 Technical Report **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: The updated Technical Report confirms and improves upon the strong economic fundamentals established in the May 2024 Feasibility Study, indicating a high level of study maturity. Evidence · text > confirms and improves upon the strong economic fundamentals established in the May 2024 Feasibility Study \(“2024 FS”\) **Proven Reserve** Polarity: positive Definition: Measured Resource with demonstrated economic viability after applying modifying factors. Why it applies: The Mineral Reserve estimate includes a 'Proven' category with 49 Mt at 0.45 g/t Au, 0.048% Cu and 0.70 g/t Ag. Evidence · table > Proven Context: 49 **Probable Reserve** Polarity: positive Definition: Indicated Resource with demonstrated economic viability after applying modifying factors. Why it applies: The Mineral Reserve estimate includes a 'Probable' category with 429 Mt at 0.43 g/t Au, 0.055% Cu and 0.95 g/t Ag. Evidence · table > Probable Context: 429 **Tonnage Growth** Polarity: positive Definition: Significant tonnage increase \(≥15%\) vs prior estimate with grade maintained or improved. Why it applies: Reserve tonnage increased approximately 26% compared with the 2024 Feasibility Study, from 380 million tonnes to 478 million tonnes. Evidence · text > Reserve tonnage increased approximately 26% compared with the 2024 Feasibility Study **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: An NSR cut-off of C$11.84/t was used to define reserves and C$11.33/t for resources, with metal prices and exchange rate disclosed. Evidence · text > An NSR cut-off of C$11.84/t was used to define reserves. **Measured Resource** Polarity: positive Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves. Why it applies: The Mineral Resource estimate includes a 'Measured' category totaling 81.6 million tonnes. Evidence · table > Measured Context: 81.6 **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: The Mineral Resource estimate includes an 'Indicated' category totaling 728.6 million tonnes. Evidence · table > Indicated Context: 728.6 **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: The Mineral Resource estimate includes an 'Inferred' category totaling 182.5 million tonnes. Evidence · table > Inferred Context: 182.5 **Category Upgrade** Polarity: positive Definition: Resource confidence improved — Inferred upgraded to Indicated, or Indicated to Measured. De-risking signal. Why it applies: The updated estimate includes 81.6 million tonnes in the Measured category at the SW Zone, indicating an upgrade in confidence. Evidence · text > the updated estimate includes 81.6 million tonnes in the Measured category at the SW Zone. **Dilutive Growth** Polarity: negative Definition: Tonnage increased but contained metal flat or down — likely from lower cut-off grade, not geological expansion. Why it applies: Resource domains were remodelled using a lower 0.2 g/t AuEq threshold, compared with 0.3 g/t AuEq in the 2024 Feasibility Study, and an NSR cut-off of C$11.33/t rather than 0.3 g/t AuEq, which can artificially inflate tonnage. Evidence · text > Resource domains were remodelled using a lower 0.2 g/t AuEq threshold, compared with 0.3 g/t AuEq in the 2024 Feasibility Study **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: Contained metal for some inferred resource categories \(X22 Inferred Gold, SW Inferred Gold, SW Inferred Silver\) is reported as 0.0 Moz, likely due to rounding, which obscures the actual small quantities. Evidence · table > 0.0 Context: 3.4 **Pilot Scale Complete** Polarity: positive Definition: Pilot or demonstration plant testing completed under continuous operation. Why it applies: The Technical Report incorporates the results of Basic Engineering, expanded metallurgical testwork, and advanced execution planning, including the incorporation of two parallel HPGR units and advancement of the gold room into initial construction, indicating pilot-scale or higher maturity. Evidence · text > The Technical Report incorporates the results of Basic Engineering, expanded metallurgical testwork, current vendor pricing and more advanced execution planning **Free Milling** Polarity: positive Definition: Simple, clean ore amenable to standard processing without oxidation. Why it applies: The project benefits from a cyanide-free process flowsheet and non-acid-generating waste rock, indicating a relatively simple and clean ore. Evidence · text > The Project benefits from a cyanide-free process flowsheet and non-acid-generating waste rock **Multi-Domain Tested** Polarity: positive Definition: Variability across ore domains \(oxide, transition, fresh\) has been addressed. Why it applies: Additional metallurgical testwork identified higher ore hardness in the SW Zone, which will be mined in early years, and this harder ore was used to inform processing equipment sizing, suggesting variability testing. Evidence · text > Additional metallurgical testwork has identified higher ore hardness in the SW Zone which will be mined in early years of operation, and this harder ore has been used as the benchmark to inform processing equipment sizing **Mill Route** Polarity: neutral Definition: Processing via mill or concentrator \(CIL, CIP, tank leach, flotation\). Why it applies: Processing is based on a conventional flowsheet incorporating crushing, HPGRs, ball milling, gravity concentration and flotation. Evidence · text > Processing is based on a conventional flowsheet incorporating crushing, HPGRs, ball milling, gravity concentration and flotation **Gravity Route** Polarity: neutral Definition: Gravity separation forms a material part of the flowsheet. Why it applies: The processing flowsheet includes gravity concentration, with approximately one-third of recovered gold reporting through gravity concentration. Evidence · text > gravity concentration and flotation, producing a gold-rich copper concentrate and gold-silver doré. **No QA/QC Disclosure** Polarity: negative Story-specific tag Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: The document does not explicitly disclose specific QA/QC procedures for the metallurgical testwork, such as certified labs or specific methods. Evidence · text > The Technical Report incorporates the results of Basic Engineering, expanded metallurgical testwork, current vendor pricing and more advanced execution planning ## Extracted facts Stored fact records: 90. Some facts used in scoring do not have a stored record. ## Resource Estimates (87) ### proven [Link to this fact](https://atlas-staging.minestarters.com/news/troilus-reports-updated-technical-report-following-completion-of-basic-engineeri--8e298c46-9074-40dd-8b5b-353c2a06c7d9#fact-resource-facts-0) Troilus Project · gold #### Identity - Project: Troilus Project - Commodity: gold - Region: canada\_qc - Reported Region: Quebec, Canada - Ticker: TLG.TO #### Resource Data - Category: proven - Tonnes: 49000000 - Grade: 0.45 - Grade Unit: g/t - Contained Metal: 0.71 - Contained Unit: Moz - Cutoff Grade: 11.84 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-09T00:00:00.000Z Reasoning: The proven gold reserve contributes to the overall robust economics and increased confidence in the project, representing a high-confidence portion of the expanded reserve base. - Positive factor: Proven Reserve category indicates high geological confidence and economic viability. - Positive factor: Part of a significant overall reserve increase for the project. Evidence · table > 0.45 Context: 49 #### 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" **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### proven [Link to this fact](https://atlas-staging.minestarters.com/news/troilus-reports-updated-technical-report-following-completion-of-basic-engineeri--8e298c46-9074-40dd-8b5b-353c2a06c7d9#fact-resource-facts-1) Troilus Project · copper #### Identity - Project: Troilus Project - Commodity: copper - Region: canada\_qc - Reported Region: Quebec, Canada - Ticker: TLG.TO #### Resource Data - Category: proven - Tonnes: 49000000 - Grade: 0.048 - Grade Unit: % - Contained Metal: 52 - Contained Unit: Mlb - Cutoff Grade: 11.84 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-09T00:00:00.000Z Reasoning: The proven copper reserve adds to the project's overall value and diversity, forming a high-confidence component of the expanded reserve base. - Positive factor: Proven Reserve category indicates high geological confidence and economic viability. - Positive factor: Contributes to the polymetallic nature of the project. Evidence · table > 0.048 Context: 49 #### 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" **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### proven [Link to this fact](https://atlas-staging.minestarters.com/news/troilus-reports-updated-technical-report-following-completion-of-basic-engineeri--8e298c46-9074-40dd-8b5b-353c2a06c7d9#fact-resource-facts-2) Troilus Project · silver #### Identity - Project: Troilus Project - Commodity: silver - Region: canada\_qc - Reported Region: Quebec, Canada - Ticker: TLG.TO #### Resource Data - Category: proven - Tonnes: 49000000 - Grade: 0.7 - Grade Unit: g/t - Contained Metal: 1.1 - Contained Unit: Moz - Cutoff Grade: 11.84 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-09T00:00:00.000Z Reasoning: The proven silver reserve provides additional value as a byproduct, contributing to the overall economic robustness of the project. - Positive factor: Proven Reserve category indicates high geological confidence and economic viability. - Positive factor: Adds to the polymetallic nature of the project. Evidence · table > 0.70 Context: 49 #### 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" **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### probable [Link to this fact](https://atlas-staging.minestarters.com/news/troilus-reports-updated-technical-report-following-completion-of-basic-engineeri--8e298c46-9074-40dd-8b5b-353c2a06c7d9#fact-resource-facts-3) Troilus Project · gold #### Identity - Project: Troilus Project - Commodity: gold - Region: canada\_qc - Reported Region: Quebec, Canada - Ticker: TLG.TO #### Resource Data - Category: probable - Tonnes: 429000000 - Grade: 0.43 - Grade Unit: g/t - Contained Metal: 5.98 - Contained Unit: Moz - Cutoff Grade: 11.84 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-09T00:00:00.000Z Reasoning: The probable gold reserve represents a substantial portion of the project's economic potential, contributing significantly to the overall reserve growth and project valuation. - Positive factor: Probable Reserve category indicates reasonable geological confidence and economic viability. - Positive factor: Forms the largest portion of the significantly increased reserve base. Evidence · table > 0.43 Context: 429 #### 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" **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### probable [Link to this fact](https://atlas-staging.minestarters.com/news/troilus-reports-updated-technical-report-following-completion-of-basic-engineeri--8e298c46-9074-40dd-8b5b-353c2a06c7d9#fact-resource-facts-4) Troilus Project · copper #### Identity - Project: Troilus Project - Commodity: copper - Region: canada\_qc - Reported Region: Quebec, Canada - Ticker: TLG.TO #### Resource Data - Category: probable - Tonnes: 429000000 - Grade: 0.055 - Grade Unit: % - Contained Metal: 517 - Contained Unit: Mlb - Cutoff Grade: 11.84 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-09T00:00:00.000Z Reasoning: The probable copper reserve adds substantial value as a co-product, enhancing the project's overall economic profile and contributing to the increased reserve base. - Positive factor: Probable Reserve category indicates reasonable geological confidence and economic viability. - Positive factor: Contributes significantly to the polymetallic nature of the project. Evidence · table > 0.055 Context: 429 #### 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" **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### probable [Link to this fact](https://atlas-staging.minestarters.com/news/troilus-reports-updated-technical-report-following-completion-of-basic-engineeri--8e298c46-9074-40dd-8b5b-353c2a06c7d9#fact-resource-facts-5) Troilus Project · silver #### Identity - Project: Troilus Project - Commodity: silver - Region: canada\_qc - Reported Region: Quebec, Canada - Ticker: TLG.TO #### Resource Data - Category: probable - Tonnes: 429000000 - Grade: 0.95 - Grade Unit: g/t - Contained Metal: 13.12 - Contained Unit: Moz - Cutoff Grade: 11.84 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-09T00:00:00.000Z Reasoning: The probable silver reserve provides additional byproduct value, contributing to the overall economic robustness of the project and its expanded reserve base. - Positive factor: Probable Reserve category indicates reasonable geological confidence and economic viability. - Positive factor: Adds to the polymetallic nature of the project as a byproduct. Evidence · table > 0.95 Context: 429 #### 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" **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### probable [Link to this fact](https://atlas-staging.minestarters.com/news/troilus-reports-updated-technical-report-following-completion-of-basic-engineeri--8e298c46-9074-40dd-8b5b-353c2a06c7d9#fact-resource-facts-6) Troilus Project · gold #### Identity - Project: Troilus Project - Commodity: gold - Region: canada\_qc - Reported Region: Quebec, Canada - Ticker: TLG.TO #### Resource Data - Category: probable - Tonnes: 478000000 - Grade: 0.44 - Grade Unit: g/t - Contained Metal: 6.69 - Contained Unit: Moz - Cutoff Grade: 11.84 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-09T00:00:00.000Z Reasoning: The combined Proven and Probable gold reserve demonstrates a substantial increase in scale and confidence, underpinning the project's robust economic projections and long mine life. - Positive factor: Overall Proven and Probable Reserve shows a significant 26% increase in tonnage. - Positive factor: High contained gold metal \(6.69 Moz\) contributes to strong project economics. - Positive factor: Reserve estimate is NI 43-101 compliant and QP signed off. Evidence · table > 0.44 Context: 478 #### 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" **Tonnage Growth** Polarity: positive Definition: Significant tonnage increase \(≥15%\) vs prior estimate with grade maintained or improved. Why it applies: 478000000 against 380000000 previously **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### probable [Link to this fact](https://atlas-staging.minestarters.com/news/troilus-reports-updated-technical-report-following-completion-of-basic-engineeri--8e298c46-9074-40dd-8b5b-353c2a06c7d9#fact-resource-facts-7) Troilus Project · copper #### Identity - Project: Troilus Project - Commodity: copper - Region: canada\_qc - Reported Region: Quebec, Canada - Ticker: TLG.TO #### Resource Data - Category: probable - Tonnes: 478000000 - Grade: 0.054 - Grade Unit: % - Contained Metal: 568 - Contained Unit: Mlb - Cutoff Grade: 11.84 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-09T00:00:00.000Z Reasoning: The combined Proven and Probable copper reserve significantly contributes to the project's polymetallic profile and overall economic value, reflecting the increased reserve base. - Positive factor: Overall Proven and Probable Reserve shows a significant 26% increase in tonnage. - Positive factor: Substantial contained copper metal \(568 Mlb\) enhances project economics as a co-product. Evidence · table > 0.054 Context: 478 #### 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" **Tonnage Growth** Polarity: positive Definition: Significant tonnage increase \(≥15%\) vs prior estimate with grade maintained or improved. Why it applies: 478000000 against 380000000 previously **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### probable [Link to this fact](https://atlas-staging.minestarters.com/news/troilus-reports-updated-technical-report-following-completion-of-basic-engineeri--8e298c46-9074-40dd-8b5b-353c2a06c7d9#fact-resource-facts-8) Troilus Project · silver #### Identity - Project: Troilus Project - Commodity: silver - Region: canada\_qc - Reported Region: Quebec, Canada - Ticker: TLG.TO #### Resource Data - Category: probable - Tonnes: 478000000 - Grade: 0.92 - Grade Unit: g/t - Contained Metal: 14.22 - Contained Unit: Moz - Cutoff Grade: 11.84 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-09T00:00:00.000Z Reasoning: The combined Proven and Probable silver reserve adds to the project's byproduct credits, contributing to the overall economic viability of the expanded reserve base. - Positive factor: Overall Proven and Probable Reserve shows a significant 26% increase in tonnage. - Positive factor: Contained silver metal \(14.22 Moz\) provides additional byproduct revenue. Evidence · table > 0.92 Context: 478 #### 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" **Tonnage Growth** Polarity: positive Definition: Significant tonnage increase \(≥15%\) vs prior estimate with grade maintained or improved. Why it applies: 478000000 against 380000000 previously **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/troilus-reports-updated-technical-report-following-completion-of-basic-engineeri--8e298c46-9074-40dd-8b5b-353c2a06c7d9#fact-resource-facts-9) Troilus Project · gold #### Identity - Project: Troilus Project - Commodity: gold - Region: canada\_qc - Reported Region: Quebec, Canada - Ticker: TLG.TO #### Resource Data - Category: indicated - Tonnes: 323000000 - Grade: 0.44 - Grade Unit: g/t - Contained Metal: 4.6 - Contained Unit: Moz - Cutoff Grade: 11.33 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-09T00:00:00.000Z Reasoning: The indicated gold resource in the Z87 zone contributes substantially to the project's overall resource base with good confidence, supporting future mine planning. - Positive factor: Indicated Resource category provides reasonable geological confidence. - Positive factor: Significant contained gold metal in the Z87 zone. Evidence · table > 0.44 Context: 323.0 #### 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" **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/troilus-reports-updated-technical-report-following-completion-of-basic-engineeri--8e298c46-9074-40dd-8b5b-353c2a06c7d9#fact-resource-facts-10) Troilus Project · copper #### Identity - Project: Troilus Project - Commodity: copper - Region: canada\_qc - Reported Region: Quebec, Canada - Ticker: TLG.TO #### Resource Data - Category: indicated - Tonnes: 323000000 - Grade: 0.052 - Grade Unit: % - Contained Metal: 372.7 - Contained Unit: Mlb - Cutoff Grade: 11.33 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-09T00:00:00.000Z Reasoning: The indicated copper resource in the Z87 zone adds significant byproduct value to the project, enhancing its overall economic potential. - Positive factor: Indicated Resource category provides reasonable geological confidence. - Positive factor: Contributes to the polymetallic nature of the project. Evidence · table > 0.052 Context: 323.0 #### 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" **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/troilus-reports-updated-technical-report-following-completion-of-basic-engineeri--8e298c46-9074-40dd-8b5b-353c2a06c7d9#fact-resource-facts-11) Troilus Project · silver #### Identity - Project: Troilus Project - Commodity: silver - Region: canada\_qc - Reported Region: Quebec, Canada - Ticker: TLG.TO #### Resource Data - Category: indicated - Tonnes: 323000000 - Grade: 0.91 - Grade Unit: g/t - Contained Metal: 9.5 - Contained Unit: Moz - Cutoff Grade: 11.33 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-09T00:00:00.000Z Reasoning: The indicated silver resource in the Z87 zone contributes to the project's byproduct credits, further enhancing its overall economic viability. - Positive factor: Indicated Resource category provides reasonable geological confidence. - Positive factor: Adds to the polymetallic nature of the project as a byproduct. Evidence · table > 0.91 Context: 323.0 #### 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" **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/troilus-reports-updated-technical-report-following-completion-of-basic-engineeri--8e298c46-9074-40dd-8b5b-353c2a06c7d9#fact-resource-facts-12) Troilus Project · gold #### Identity - Project: Troilus Project - Commodity: gold - Region: canada\_qc - Reported Region: Quebec, Canada - Ticker: TLG.TO #### Resource Data - Category: inferred - Tonnes: 140000000 - Grade: 0.36 - Grade Unit: g/t - Contained Metal: 1.6 - Contained Unit: Moz - Cutoff Grade: 11.33 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-09T00:00:00.000Z Reasoning: The inferred gold resource in the Z87 zone represents future growth potential, though it requires further drilling to upgrade confidence. - Positive factor: Inferred Resource provides potential for future resource conversion and growth. - Negative factor: Inferred category has lower geological confidence and cannot support economic studies alone. Evidence · table > 0.36 Context: 140.0 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/troilus-reports-updated-technical-report-following-completion-of-basic-engineeri--8e298c46-9074-40dd-8b5b-353c2a06c7d9#fact-resource-facts-13) Troilus Project · copper #### Identity - Project: Troilus Project - Commodity: copper - Region: canada\_qc - Reported Region: Quebec, Canada - Ticker: TLG.TO #### Resource Data - Category: inferred - Tonnes: 140000000 - Grade: 0.045 - Grade Unit: % - Contained Metal: 140.2 - Contained Unit: Mlb - Cutoff Grade: 11.33 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-09T00:00:00.000Z Reasoning: The inferred copper resource in the Z87 zone adds to the project's long-term potential, but requires further drilling to increase confidence. - Positive factor: Inferred Resource provides potential for future resource conversion and growth. - Negative factor: Inferred category has lower geological confidence and cannot support economic studies alone. Evidence · table > 0.045 Context: 140.0 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/troilus-reports-updated-technical-report-following-completion-of-basic-engineeri--8e298c46-9074-40dd-8b5b-353c2a06c7d9#fact-resource-facts-14) Troilus Project · silver #### Identity - Project: Troilus Project - Commodity: silver - Region: canada\_qc - Reported Region: Quebec, Canada - Ticker: TLG.TO #### Resource Data - Category: inferred - Tonnes: 140000000 - Grade: 0.76 - Grade Unit: g/t - Contained Metal: 3.4 - Contained Unit: Moz - Cutoff Grade: 11.33 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-09T00:00:00.000Z Reasoning: The inferred silver resource in the Z87 zone offers additional byproduct potential, pending further drilling to upgrade its classification. - Positive factor: Inferred Resource provides potential for future resource conversion and growth. - Negative factor: Inferred category has lower geological confidence and cannot support economic studies alone. Evidence · table > 0.76 Context: 140.0 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/troilus-reports-updated-technical-report-following-completion-of-basic-engineeri--8e298c46-9074-40dd-8b5b-353c2a06c7d9#fact-resource-facts-15) Troilus Project · gold #### Identity - Project: Troilus Project - Commodity: gold - Region: canada\_qc - Reported Region: Quebec, Canada - Ticker: TLG.TO #### Resource Data - Category: indicated - Tonnes: 273100000 - Grade: 0.34 - Grade Unit: g/t - Contained Metal: 3 - Contained Unit: Moz - Cutoff Grade: 11.33 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-09T00:00:00.000Z Reasoning: The indicated gold resource in the JZ zone contributes substantially to the project's overall resource base with good confidence, supporting future mine planning. - Positive factor: Indicated Resource category provides reasonable geological confidence. - Positive factor: Significant contained gold metal in the JZ zone. Evidence · table > 0.34 Context: 273.1 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/troilus-reports-updated-technical-report-following-completion-of-basic-engineeri--8e298c46-9074-40dd-8b5b-353c2a06c7d9#fact-resource-facts-16) Troilus Project · copper #### Identity - Project: Troilus Project - Commodity: copper - Region: canada\_qc - Reported Region: Quebec, Canada - Ticker: TLG.TO #### Resource Data - Category: indicated - Tonnes: 273100000 - Grade: 0.049 - Grade Unit: % - Contained Metal: 296.9 - Contained Unit: Mlb - Cutoff Grade: 11.33 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-09T00:00:00.000Z Reasoning: The indicated copper resource in the JZ zone adds significant byproduct value to the project, enhancing its overall economic potential. - Positive factor: Indicated Resource category provides reasonable geological confidence. - Positive factor: Contributes to the polymetallic nature of the project. Evidence · table > 0.049 Context: 273.1 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/troilus-reports-updated-technical-report-following-completion-of-basic-engineeri--8e298c46-9074-40dd-8b5b-353c2a06c7d9#fact-resource-facts-17) Troilus Project · silver #### Identity - Project: Troilus Project - Commodity: silver - Region: canada\_qc - Reported Region: Quebec, Canada - Ticker: TLG.TO #### Resource Data - Category: indicated - Tonnes: 273100000 - Grade: 0.75 - Grade Unit: g/t - Contained Metal: 6.6 - Contained Unit: Moz - Cutoff Grade: 11.33 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-09T00:00:00.000Z Reasoning: The indicated silver resource in the JZ zone contributes to the project's byproduct credits, further enhancing its overall economic viability. - Positive factor: Indicated Resource category provides reasonable geological confidence. - Positive factor: Adds to the polymetallic nature of the project as a byproduct. Evidence · table > 0.75 Context: 273.1 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/troilus-reports-updated-technical-report-following-completion-of-basic-engineeri--8e298c46-9074-40dd-8b5b-353c2a06c7d9#fact-resource-facts-18) Troilus Project · gold #### Identity - Project: Troilus Project - Commodity: gold - Region: canada\_qc - Reported Region: Quebec, Canada - Ticker: TLG.TO #### Resource Data - Category: inferred - Tonnes: 37800000 - Grade: 0.26 - Grade Unit: g/t - Contained Metal: 0.3 - Contained Unit: Moz - Cutoff Grade: 11.33 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-09T00:00:00.000Z Reasoning: The inferred gold resource in the JZ zone represents future growth potential, though it requires further drilling to upgrade confidence. - Positive factor: Inferred Resource provides potential for future resource conversion and growth. - Negative factor: Inferred category has lower geological confidence and cannot support economic studies alone. Evidence · table > 0.26 Context: 37.8 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/troilus-reports-updated-technical-report-following-completion-of-basic-engineeri--8e298c46-9074-40dd-8b5b-353c2a06c7d9#fact-resource-facts-19) Troilus Project · copper #### Identity - Project: Troilus Project - Commodity: copper - Region: canada\_qc - Reported Region: Quebec, Canada - Ticker: TLG.TO #### Resource Data - Category: inferred - Tonnes: 37800000 - Grade: 0.041 - Grade Unit: % - Contained Metal: 34 - Contained Unit: Mlb - Cutoff Grade: 11.33 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-09T00:00:00.000Z Reasoning: The inferred copper resource in the JZ zone adds to the project's long-term potential, but requires further drilling to increase confidence. - Positive factor: Inferred Resource provides potential for future resource conversion and growth. - Negative factor: Inferred category has lower geological confidence and cannot support economic studies alone. Evidence · table > 0.041 Context: 37.8 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/troilus-reports-updated-technical-report-following-completion-of-basic-engineeri--8e298c46-9074-40dd-8b5b-353c2a06c7d9#fact-resource-facts-20) Troilus Project · silver #### Identity - Project: Troilus Project - Commodity: silver - Region: canada\_qc - Reported Region: Quebec, Canada - Ticker: TLG.TO #### Resource Data - Category: inferred - Tonnes: 37800000 - Grade: 0.57 - Grade Unit: g/t - Contained Metal: 0.7 - Contained Unit: Moz - Cutoff Grade: 11.33 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-09T00:00:00.000Z Reasoning: The inferred silver resource in the JZ zone offers additional byproduct potential, pending further drilling to upgrade its classification. - Positive factor: Inferred Resource provides potential for future resource conversion and growth. - Negative factor: Inferred category has lower geological confidence and cannot support economic studies alone. Evidence · table > 0.57 Context: 37.8 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/troilus-reports-updated-technical-report-following-completion-of-basic-engineeri--8e298c46-9074-40dd-8b5b-353c2a06c7d9#fact-resource-facts-21) Troilus Project · gold #### Identity - Project: Troilus Project - Commodity: gold - Region: canada\_qc - Reported Region: Quebec, Canada - Ticker: TLG.TO #### Resource Data - Category: indicated - Tonnes: 98200000 - Grade: 0.39 - Grade Unit: g/t - Contained Metal: 1.2 - Contained Unit: Moz - Cutoff Grade: 11.33 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-09T00:00:00.000Z Reasoning: The indicated gold resource in the X22 zone adds to the project's gold inventory with good confidence, supporting future mine planning. - Positive factor: Indicated Resource category provides reasonable geological confidence. - Positive factor: Contributes to the overall gold resource base. Evidence · table > 0.39 Context: 98.2 #### 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" **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/troilus-reports-updated-technical-report-following-completion-of-basic-engineeri--8e298c46-9074-40dd-8b5b-353c2a06c7d9#fact-resource-facts-22) Troilus Project · copper #### Identity - Project: Troilus Project - Commodity: copper - Region: canada\_qc - Reported Region: Quebec, Canada - Ticker: TLG.TO #### Resource Data - Category: indicated - Tonnes: 98200000 - Grade: 0.042 - Grade Unit: % - Contained Metal: 90.2 - Contained Unit: Mlb - Cutoff Grade: 11.33 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-09T00:00:00.000Z Reasoning: The indicated copper resource in the X22 zone adds byproduct value to the project, enhancing its overall economic potential. - Positive factor: Indicated Resource category provides reasonable geological confidence. - Positive factor: Contributes to the polymetallic nature of the project. Evidence · table > 0.042 Context: 98.2 #### 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" **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/troilus-reports-updated-technical-report-following-completion-of-basic-engineeri--8e298c46-9074-40dd-8b5b-353c2a06c7d9#fact-resource-facts-23) Troilus Project · silver #### Identity - Project: Troilus Project - Commodity: silver - Region: canada\_qc - Reported Region: Quebec, Canada - Ticker: TLG.TO #### Resource Data - Category: indicated - Tonnes: 98200000 - Grade: 0.85 - Grade Unit: g/t - Contained Metal: 2.7 - Contained Unit: Moz - Cutoff Grade: 11.33 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-09T00:00:00.000Z Reasoning: The indicated silver resource in the X22 zone contributes to the project's byproduct credits, further enhancing its overall economic viability. - Positive factor: Indicated Resource category provides reasonable geological confidence. - Positive factor: Adds to the polymetallic nature of the project as a byproduct. Evidence · table > 0.85 Context: 98.2 #### 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" **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/troilus-reports-updated-technical-report-following-completion-of-basic-engineeri--8e298c46-9074-40dd-8b5b-353c2a06c7d9#fact-resource-facts-24) Troilus Project · gold #### Identity - Project: Troilus Project - Commodity: gold - Region: canada\_qc - Reported Region: Quebec, Canada - Ticker: TLG.TO #### Resource Data - Category: inferred - Tonnes: 3400000 - Grade: 0.35 - Grade Unit: g/t - Contained Metal: 0 - Contained Unit: Moz - Cutoff Grade: 11.33 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-09T00:00:00.000Z Reasoning: The inferred gold resource in the X22 zone represents future growth potential, though it requires further drilling to upgrade confidence and the reported contained metal is subject to rounding. - Positive factor: Inferred Resource provides potential for future resource conversion and growth. - Negative factor: Inferred category has lower geological confidence and cannot support economic studies alone. - Negative factor: Contained metal reported as 0.0 Moz, likely due to rounding, which obscures the actual small quantity. Evidence · table > 0.35 Context: 3.4 #### 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" **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/troilus-reports-updated-technical-report-following-completion-of-basic-engineeri--8e298c46-9074-40dd-8b5b-353c2a06c7d9#fact-resource-facts-25) Troilus Project · copper #### Identity - Project: Troilus Project - Commodity: copper - Region: canada\_qc - Reported Region: Quebec, Canada - Ticker: TLG.TO #### Resource Data - Category: inferred - Tonnes: 3400000 - Grade: 0.032 - Grade Unit: % - Contained Metal: 2.4 - Contained Unit: Mlb - Cutoff Grade: 11.33 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-09T00:00:00.000Z Reasoning: The inferred copper resource in the X22 zone adds to the project's long-term potential, but requires further drilling to increase confidence. - Positive factor: Inferred Resource provides potential for future resource conversion and growth. - Negative factor: Inferred category has lower geological confidence and cannot support economic studies alone. Evidence · table > 0.032 Context: 3.4 #### 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" **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/troilus-reports-updated-technical-report-following-completion-of-basic-engineeri--8e298c46-9074-40dd-8b5b-353c2a06c7d9#fact-resource-facts-26) Troilus Project · silver #### Identity - Project: Troilus Project - Commodity: silver - Region: canada\_qc - Reported Region: Quebec, Canada - Ticker: TLG.TO #### Resource Data - Category: inferred - Tonnes: 3400000 - Grade: 0.54 - Grade Unit: g/t - Contained Metal: 0.1 - Contained Unit: Moz - Cutoff Grade: 11.33 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-09T00:00:00.000Z Reasoning: The inferred silver resource in the X22 zone offers additional byproduct potential, pending further drilling to upgrade its classification. - Positive factor: Inferred Resource provides potential for future resource conversion and growth. - Negative factor: Inferred category has lower geological confidence and cannot support economic studies alone. Evidence · table > 0.54 Context: 3.4 #### 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" **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### measured [Link to this fact](https://atlas-staging.minestarters.com/news/troilus-reports-updated-technical-report-following-completion-of-basic-engineeri--8e298c46-9074-40dd-8b5b-353c2a06c7d9#fact-resource-facts-27) Troilus Project · gold #### Identity - Project: Troilus Project - Commodity: gold - Region: canada\_qc - Reported Region: Quebec, Canada - Ticker: TLG.TO #### Resource Data - Category: measured - Tonnes: 81600000 - Grade: 0.35 - Grade Unit: g/t - Contained Metal: 0.9 - Contained Unit: Moz - Cutoff Grade: 11.33 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-09T00:00:00.000Z Reasoning: The total measured gold resource represents a high-confidence portion of the resource, providing a strong basis for mine planning and economic studies. - Positive factor: Measured Resource category indicates highest geological confidence. - Positive factor: Contributes to the overall gold resource base. Evidence · table > 0.35 Context: 81.6 #### 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" **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### measured [Link to this fact](https://atlas-staging.minestarters.com/news/troilus-reports-updated-technical-report-following-completion-of-basic-engineeri--8e298c46-9074-40dd-8b5b-353c2a06c7d9#fact-resource-facts-28) Troilus Project · copper #### Identity - Project: Troilus Project - Commodity: copper - Region: canada\_qc - Reported Region: Quebec, Canada - Ticker: TLG.TO #### Resource Data - Category: measured - Tonnes: 81600000 - Grade: 0.042 - Grade Unit: % - Contained Metal: 76.4 - Contained Unit: Mlb - Cutoff Grade: 11.33 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-09T00:00:00.000Z Reasoning: The total measured copper resource adds byproduct value with high confidence, supporting detailed mine planning. - Positive factor: Measured Resource category indicates highest geological confidence. - Positive factor: Contributes to the polymetallic nature of the project. Evidence · table > 0.042 Context: 81.6 #### 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" **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### measured [Link to this fact](https://atlas-staging.minestarters.com/news/troilus-reports-updated-technical-report-following-completion-of-basic-engineeri--8e298c46-9074-40dd-8b5b-353c2a06c7d9#fact-resource-facts-29) Troilus Project · silver #### Identity - Project: Troilus Project - Commodity: silver - Region: canada\_qc - Reported Region: Quebec, Canada - Ticker: TLG.TO #### Resource Data - Category: measured - Tonnes: 81600000 - Grade: 0.64 - Grade Unit: g/t - Contained Metal: 1.7 - Contained Unit: Moz - Cutoff Grade: 11.33 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-09T00:00:00.000Z Reasoning: The total measured silver resource provides additional byproduct value with high confidence, supporting detailed mine planning. - Positive factor: Measured Resource category indicates highest geological confidence. - Positive factor: Adds to the polymetallic nature of the project as a byproduct. Evidence · table > 0.64 Context: 81.6 #### 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" **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/troilus-reports-updated-technical-report-following-completion-of-basic-engineeri--8e298c46-9074-40dd-8b5b-353c2a06c7d9#fact-resource-facts-30) Troilus Project · gold #### Identity - Project: Troilus Project - Commodity: gold - Region: canada\_qc - Reported Region: Quebec, Canada - Ticker: TLG.TO #### Resource Data - Category: indicated - Tonnes: 34200000 - Grade: 0.34 - Grade Unit: g/t - Contained Metal: 0.4 - Contained Unit: Moz - Cutoff Grade: 11.33 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-09T00:00:00.000Z Reasoning: The indicated gold resource in the SW zone adds to the project's gold inventory with good confidence, supporting future mine planning. - Positive factor: Indicated Resource category provides reasonable geological confidence. - Positive factor: Contributes to the overall gold resource base. Evidence · table > 0.34 Context: 34.2 #### 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" **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/troilus-reports-updated-technical-report-following-completion-of-basic-engineeri--8e298c46-9074-40dd-8b5b-353c2a06c7d9#fact-resource-facts-31) Troilus Project · copper #### Identity - Project: Troilus Project - Commodity: copper - Region: canada\_qc - Reported Region: Quebec, Canada - Ticker: TLG.TO #### Resource Data - Category: indicated - Tonnes: 34200000 - Grade: 0.043 - Grade Unit: % - Contained Metal: 32.3 - Contained Unit: Mlb - Cutoff Grade: 11.33 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-09T00:00:00.000Z Reasoning: The indicated copper resource in the SW zone adds byproduct value to the project, enhancing its overall economic potential. - Positive factor: Indicated Resource category provides reasonable geological confidence. - Positive factor: Contributes to the polymetallic nature of the project. Evidence · table > 0.043 Context: 34.2 #### 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" **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/troilus-reports-updated-technical-report-following-completion-of-basic-engineeri--8e298c46-9074-40dd-8b5b-353c2a06c7d9#fact-resource-facts-32) Troilus Project · silver #### Identity - Project: Troilus Project - Commodity: silver - Region: canada\_qc - Reported Region: Quebec, Canada - Ticker: TLG.TO #### Resource Data - Category: indicated - Tonnes: 34200000 - Grade: 0.86 - Grade Unit: g/t - Contained Metal: 1 - Contained Unit: Moz - Cutoff Grade: 11.33 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-09T00:00:00.000Z Reasoning: The indicated silver resource in the SW zone contributes to the project's byproduct credits, further enhancing its overall economic viability. - Positive factor: Indicated Resource category provides reasonable geological confidence. - Positive factor: Adds to the polymetallic nature of the project as a byproduct. Evidence · table > 0.86 Context: 34.2 #### 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" **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/troilus-reports-updated-technical-report-following-completion-of-basic-engineeri--8e298c46-9074-40dd-8b5b-353c2a06c7d9#fact-resource-facts-33) Troilus Project · gold #### Identity - Project: Troilus Project - Commodity: gold - Region: canada\_qc - Reported Region: Quebec, Canada - Ticker: TLG.TO #### Resource Data - Category: inferred - Tonnes: 1400000 - Grade: 0.28 - Grade Unit: g/t - Contained Metal: 0 - Contained Unit: Moz - Cutoff Grade: 11.33 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-09T00:00:00.000Z Reasoning: The inferred gold resource in the SW zone represents future growth potential, though it requires further drilling to upgrade confidence and the reported contained metal is subject to rounding. - Positive factor: Inferred Resource provides potential for future resource conversion and growth. - Negative factor: Inferred category has lower geological confidence and cannot support economic studies alone. - Negative factor: Contained metal reported as 0.0 Moz, likely due to rounding, which obscures the actual small quantity. Evidence · table > 0.28 Context: 1.4 #### 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" **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/troilus-reports-updated-technical-report-following-completion-of-basic-engineeri--8e298c46-9074-40dd-8b5b-353c2a06c7d9#fact-resource-facts-34) Troilus Project · copper #### Identity - Project: Troilus Project - Commodity: copper - Region: canada\_qc - Reported Region: Quebec, Canada - Ticker: TLG.TO #### Resource Data - Category: inferred - Tonnes: 1400000 - Grade: 0.037 - Grade Unit: % - Contained Metal: 1.1 - Contained Unit: Mlb - Cutoff Grade: 11.33 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-09T00:00:00.000Z Reasoning: The inferred copper resource in the SW zone adds to the project's long-term potential, but requires further drilling to increase confidence. - Positive factor: Inferred Resource provides potential for future resource conversion and growth. - Negative factor: Inferred category has lower geological confidence and cannot support economic studies alone. Evidence · table > 0.037 Context: 1.4 #### 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" **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/troilus-reports-updated-technical-report-following-completion-of-basic-engineeri--8e298c46-9074-40dd-8b5b-353c2a06c7d9#fact-resource-facts-35) Troilus Project · silver #### Identity - Project: Troilus Project - Commodity: silver - Region: canada\_qc - Reported Region: Quebec, Canada - Ticker: TLG.TO #### Resource Data - Category: inferred - Tonnes: 1400000 - Grade: 0.98 - Grade Unit: g/t - Contained Metal: 0 - Contained Unit: Moz - Cutoff Grade: 11.33 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-09T00:00:00.000Z Reasoning: The inferred silver resource in the SW zone offers additional byproduct potential, pending further drilling to upgrade its classification and the reported contained metal is subject to rounding. - Positive factor: Inferred Resource provides potential for future resource conversion and growth. - Negative factor: Inferred category has lower geological confidence and cannot support economic studies alone. - Negative factor: Contained metal reported as 0.0 Moz, likely due to rounding, which obscures the actual small quantity. Evidence · table > 0.98 Context: 1.4 #### 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" **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/troilus-reports-updated-technical-report-following-completion-of-basic-engineeri--8e298c46-9074-40dd-8b5b-353c2a06c7d9#fact-resource-facts-36) Troilus Project · gold #### Identity - Project: Troilus Project - Commodity: gold - Region: canada\_qc - Reported Region: Quebec, Canada - Ticker: TLG.TO #### Resource Data - Category: indicated - Tonnes: 728600000 - Grade: 0.39 - Grade Unit: g/t - Contained Metal: 9.2 - Contained Unit: Moz - Cutoff Grade: 11.33 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-09T00:00:00.000Z Reasoning: The total indicated gold resource contributes substantially to the project's overall resource base with good confidence, supporting future mine planning. - Positive factor: Indicated Resource category provides reasonable geological confidence. - Positive factor: Significant contained gold metal in the total indicated resource. Evidence · table > 0.39 Context: 728.6 #### 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" **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/troilus-reports-updated-technical-report-following-completion-of-basic-engineeri--8e298c46-9074-40dd-8b5b-353c2a06c7d9#fact-resource-facts-37) Troilus Project · copper #### Identity - Project: Troilus Project - Commodity: copper - Region: canada\_qc - Reported Region: Quebec, Canada - Ticker: TLG.TO #### Resource Data - Category: indicated - Tonnes: 728600000 - Grade: 0.049 - Grade Unit: % - Contained Metal: 792.1 - Contained Unit: Mlb - Cutoff Grade: 11.33 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-09T00:00:00.000Z Reasoning: The total indicated copper resource adds significant byproduct value to the project, enhancing its overall economic potential. - Positive factor: Indicated Resource category provides reasonable geological confidence. - Positive factor: Contributes to the polymetallic nature of the project. Evidence · table > 0.049 Context: 728.6 #### 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" **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/troilus-reports-updated-technical-report-following-completion-of-basic-engineeri--8e298c46-9074-40dd-8b5b-353c2a06c7d9#fact-resource-facts-38) Troilus Project · silver #### Identity - Project: Troilus Project - Commodity: silver - Region: canada\_qc - Reported Region: Quebec, Canada - Ticker: TLG.TO #### Resource Data - Category: indicated - Tonnes: 728600000 - Grade: 0.84 - Grade Unit: g/t - Contained Metal: 19.6 - Contained Unit: Moz - Cutoff Grade: 11.33 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-09T00:00:00.000Z Reasoning: The total indicated silver resource contributes to the project's byproduct credits, further enhancing its overall economic viability. - Positive factor: Indicated Resource category provides reasonable geological confidence. - Positive factor: Adds to the polymetallic nature of the project as a byproduct. Evidence · table > 0.84 Context: 728.6 #### 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" **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/troilus-reports-updated-technical-report-following-completion-of-basic-engineeri--8e298c46-9074-40dd-8b5b-353c2a06c7d9#fact-resource-facts-39) Troilus Project · gold #### Identity - Project: Troilus Project - Commodity: gold - Region: canada\_qc - Reported Region: Quebec, Canada - Ticker: TLG.TO #### Resource Data - Category: indicated - Tonnes: 810200000 - Grade: 0.39 - Grade Unit: g/t - Contained Metal: 10.2 - Contained Unit: Moz - Cutoff Grade: 11.33 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-09T00:00:00.000Z Reasoning: The total Measured and Indicated gold resource represents a substantial and high-confidence portion of the project's resource base, providing a strong foundation for economic studies and development. - Positive factor: Combined Measured and Indicated Resource provides high geological confidence \(81.6% M&I\). - Positive factor: Significant contained gold metal \(10.2 Moz\) in the M&I categories. Evidence · table > 0.39 Context: 810.2 #### 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" **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/troilus-reports-updated-technical-report-following-completion-of-basic-engineeri--8e298c46-9074-40dd-8b5b-353c2a06c7d9#fact-resource-facts-40) Troilus Project · copper #### Identity - Project: Troilus Project - Commodity: copper - Region: canada\_qc - Reported Region: Quebec, Canada - Ticker: TLG.TO #### Resource Data - Category: indicated - Tonnes: 810200000 - Grade: 0.049 - Grade Unit: % - Contained Metal: 868.5 - Contained Unit: Mlb - Cutoff Grade: 11.33 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-09T00:00:00.000Z Reasoning: The total Measured and Indicated copper resource significantly contributes to the project's polymetallic profile and overall economic value with high confidence. - Positive factor: Combined Measured and Indicated Resource provides high geological confidence. - Positive factor: Substantial contained copper metal \(868.5 Mlb\) enhances project economics as a co-product. Evidence · table > 0.049 Context: 810.2 #### 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" **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/troilus-reports-updated-technical-report-following-completion-of-basic-engineeri--8e298c46-9074-40dd-8b5b-353c2a06c7d9#fact-resource-facts-41) Troilus Project · silver #### Identity - Project: Troilus Project - Commodity: silver - Region: canada\_qc - Reported Region: Quebec, Canada - Ticker: TLG.TO #### Resource Data - Category: indicated - Tonnes: 810200000 - Grade: 0.82 - Grade Unit: g/t - Contained Metal: 21.3 - Contained Unit: Moz - Cutoff Grade: 11.33 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-09T00:00:00.000Z Reasoning: The total Measured and Indicated silver resource adds to the project's byproduct credits, contributing to the overall economic viability with high confidence. - Positive factor: Combined Measured and Indicated Resource provides high geological confidence. - Positive factor: Contained silver metal \(21.3 Moz\) provides additional byproduct revenue. Evidence · table > 0.82 Context: 810.2 #### 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" **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/troilus-reports-updated-technical-report-following-completion-of-basic-engineeri--8e298c46-9074-40dd-8b5b-353c2a06c7d9#fact-resource-facts-42) Troilus Project · gold #### Identity - Project: Troilus Project - Commodity: gold - Region: canada\_qc - Reported Region: Quebec, Canada - Ticker: TLG.TO #### Resource Data - Category: inferred - Tonnes: 182500000 - Grade: 0.34 - Grade Unit: g/t - Contained Metal: 2 - Contained Unit: Moz - Cutoff Grade: 11.33 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-09T00:00:00.000Z Reasoning: The total inferred gold resource represents substantial future growth potential for the project, though it requires further drilling to upgrade confidence. - Positive factor: Inferred Resource provides potential for future resource conversion and growth. - Positive factor: Significant contained gold metal \(2.0 Moz\) in the inferred category. - Negative factor: Inferred category has lower geological confidence and cannot support economic studies alone. Evidence · table > 0.34 Context: 182.5 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/troilus-reports-updated-technical-report-following-completion-of-basic-engineeri--8e298c46-9074-40dd-8b5b-353c2a06c7d9#fact-resource-facts-43) Troilus Project · copper #### Identity - Project: Troilus Project - Commodity: copper - Region: canada\_qc - Reported Region: Quebec, Canada - Ticker: TLG.TO #### Resource Data - Category: inferred - Tonnes: 182500000 - Grade: 0.044 - Grade Unit: % - Contained Metal: 177.8 - Contained Unit: Mlb - Cutoff Grade: 11.33 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-09T00:00:00.000Z Reasoning: The total inferred copper resource adds to the project's long-term potential, but requires further drilling to increase confidence. - Positive factor: Inferred Resource provides potential for future resource conversion and growth. - Negative factor: Inferred category has lower geological confidence and cannot support economic studies alone. Evidence · table > 0.044 Context: 182.5 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/troilus-reports-updated-technical-report-following-completion-of-basic-engineeri--8e298c46-9074-40dd-8b5b-353c2a06c7d9#fact-resource-facts-44) Troilus Project · silver #### Identity - Project: Troilus Project - Commodity: silver - Region: canada\_qc - Reported Region: Quebec, Canada - Ticker: TLG.TO #### Resource Data - Category: inferred - Tonnes: 182500000 - Grade: 0.72 - Grade Unit: g/t - Contained Metal: 4.2 - Contained Unit: Moz - Cutoff Grade: 11.33 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-09T00:00:00.000Z Reasoning: The total inferred silver resource offers additional byproduct potential, pending further drilling to upgrade its classification. - Positive factor: Inferred Resource provides potential for future resource conversion and growth. - Negative factor: Inferred category has lower geological confidence and cannot support economic studies alone. Evidence · table > 0.72 Context: 182.5 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### proven [Link to this fact](https://atlas-staging.minestarters.com/news/troilus-reports-updated-technical-report-following-completion-of-basic-engineeri--8e298c46-9074-40dd-8b5b-353c2a06c7d9#fact-resource-facts-48) Troilus · gold #### Identity - Project: Troilus - Commodity: gold - Ticker: TLG.TO #### Resource Data - Category: proven - Tonnes: 49 - Grade: 0.71 - Grade Unit: g/t #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-09T00:00:00.000Z Reasoning: The proven gold reserve contributes to the overall robust economics and increased confidence in the project, representing a high-confidence portion of the expanded reserve base. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: Proven Reserve category indicates high geological confidence and economic viability. - Positive factor: Part of a significant overall reserve increase for the project. Evidence · table > 0.71 Context: 49 #### Tags used in scoring **Proven Reserve** Polarity: positive Definition: Measured Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "proven" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **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 **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### proven [Link to this fact](https://atlas-staging.minestarters.com/news/troilus-reports-updated-technical-report-following-completion-of-basic-engineeri--8e298c46-9074-40dd-8b5b-353c2a06c7d9#fact-resource-facts-49) Troilus · copper #### Identity - Project: Troilus - Commodity: copper - Ticker: TLG.TO #### Resource Data - Category: proven - Tonnes: 49 - Grade: 52 - Grade Unit: % #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-09T00:00:00.000Z Reasoning: The proven gold reserve contributes to the overall robust economics and increased confidence in the project, representing a high-confidence portion of the expanded reserve base. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: Proven Reserve category indicates high geological confidence and economic viability. - Positive factor: Part of a significant overall reserve increase for the project. Evidence · table > 52 Context: 49 #### Tags used in scoring **Proven Reserve** Polarity: positive Definition: Measured Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "proven" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **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 **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### proven [Link to this fact](https://atlas-staging.minestarters.com/news/troilus-reports-updated-technical-report-following-completion-of-basic-engineeri--8e298c46-9074-40dd-8b5b-353c2a06c7d9#fact-resource-facts-50) Troilus · silver #### Identity - Project: Troilus - Commodity: silver - Ticker: TLG.TO #### Resource Data - Category: proven - Tonnes: 49 - Grade: 1.1 - Grade Unit: g/t #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-09T00:00:00.000Z Reasoning: The proven gold reserve contributes to the overall robust economics and increased confidence in the project, representing a high-confidence portion of the expanded reserve base. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: Proven Reserve category indicates high geological confidence and economic viability. - Positive factor: Part of a significant overall reserve increase for the project. Evidence · table > 1.10 Context: 49 #### Tags used in scoring **Proven Reserve** Polarity: positive Definition: Measured Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "proven" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **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 **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### probable [Link to this fact](https://atlas-staging.minestarters.com/news/troilus-reports-updated-technical-report-following-completion-of-basic-engineeri--8e298c46-9074-40dd-8b5b-353c2a06c7d9#fact-resource-facts-51) Troilus · gold #### Identity - Project: Troilus - Commodity: gold - Ticker: TLG.TO #### Resource Data - Category: probable - Tonnes: 429 - Grade: 5.98 - Grade Unit: g/t #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-09T00:00:00.000Z Reasoning: The proven gold reserve contributes to the overall robust economics and increased confidence in the project, representing a high-confidence portion of the expanded reserve base. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: Proven Reserve category indicates high geological confidence and economic viability. - Positive factor: Part of a significant overall reserve increase for the project. Evidence · table > 5.98 Context: 429 #### Tags used in scoring **Probable Reserve** Polarity: positive Definition: Indicated Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "probable" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **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 **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### probable [Link to this fact](https://atlas-staging.minestarters.com/news/troilus-reports-updated-technical-report-following-completion-of-basic-engineeri--8e298c46-9074-40dd-8b5b-353c2a06c7d9#fact-resource-facts-52) Troilus · copper #### Identity - Project: Troilus - Commodity: copper - Ticker: TLG.TO #### Resource Data - Category: probable - Tonnes: 429 - Grade: 517 - Grade Unit: % #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-09T00:00:00.000Z Reasoning: The proven gold reserve contributes to the overall robust economics and increased confidence in the project, representing a high-confidence portion of the expanded reserve base. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: Proven Reserve category indicates high geological confidence and economic viability. - Positive factor: Part of a significant overall reserve increase for the project. Evidence · table > 517 Context: 429 #### Tags used in scoring **Probable Reserve** Polarity: positive Definition: Indicated Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "probable" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **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 **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### probable [Link to this fact](https://atlas-staging.minestarters.com/news/troilus-reports-updated-technical-report-following-completion-of-basic-engineeri--8e298c46-9074-40dd-8b5b-353c2a06c7d9#fact-resource-facts-53) Troilus · silver #### Identity - Project: Troilus - Commodity: silver - Ticker: TLG.TO #### Resource Data - Category: probable - Tonnes: 429 - Grade: 13.12 - Grade Unit: g/t #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-09T00:00:00.000Z Reasoning: The proven gold reserve contributes to the overall robust economics and increased confidence in the project, representing a high-confidence portion of the expanded reserve base. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: Proven Reserve category indicates high geological confidence and economic viability. - Positive factor: Part of a significant overall reserve increase for the project. Evidence · table > 13.12 Context: 429 #### Tags used in scoring **Probable Reserve** Polarity: positive Definition: Indicated Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "probable" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **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 **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### proven [Link to this fact](https://atlas-staging.minestarters.com/news/troilus-reports-updated-technical-report-following-completion-of-basic-engineeri--8e298c46-9074-40dd-8b5b-353c2a06c7d9#fact-resource-facts-54) Troilus · gold #### Identity - Project: Troilus - Commodity: gold - Ticker: TLG.TO #### Resource Data - Category: proven - Tonnes: 478 - Grade: 6.69 - Grade Unit: g/t #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-09T00:00:00.000Z Reasoning: The proven gold reserve contributes to the overall robust economics and increased confidence in the project, representing a high-confidence portion of the expanded reserve base. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: Proven Reserve category indicates high geological confidence and economic viability. - Positive factor: Part of a significant overall reserve increase for the project. Evidence · table > 6.69 Context: 478 #### Tags used in scoring **Proven Reserve** Polarity: positive Definition: Measured Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "proven" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **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 **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### proven [Link to this fact](https://atlas-staging.minestarters.com/news/troilus-reports-updated-technical-report-following-completion-of-basic-engineeri--8e298c46-9074-40dd-8b5b-353c2a06c7d9#fact-resource-facts-55) Troilus · copper #### Identity - Project: Troilus - Commodity: copper - Ticker: TLG.TO #### Resource Data - Category: proven - Tonnes: 478 - Grade: 568 - Grade Unit: % #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-09T00:00:00.000Z Reasoning: The proven gold reserve contributes to the overall robust economics and increased confidence in the project, representing a high-confidence portion of the expanded reserve base. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: Proven Reserve category indicates high geological confidence and economic viability. - Positive factor: Part of a significant overall reserve increase for the project. Evidence · table > 568 Context: 478 #### Tags used in scoring **Proven Reserve** Polarity: positive Definition: Measured Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "proven" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **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 **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### proven [Link to this fact](https://atlas-staging.minestarters.com/news/troilus-reports-updated-technical-report-following-completion-of-basic-engineeri--8e298c46-9074-40dd-8b5b-353c2a06c7d9#fact-resource-facts-56) Troilus · silver #### Identity - Project: Troilus - Commodity: silver - Ticker: TLG.TO #### Resource Data - Category: proven - Tonnes: 478 - Grade: 14.22 - Grade Unit: g/t #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-09T00:00:00.000Z Reasoning: The proven gold reserve contributes to the overall robust economics and increased confidence in the project, representing a high-confidence portion of the expanded reserve base. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: Proven Reserve category indicates high geological confidence and economic viability. - Positive factor: Part of a significant overall reserve increase for the project. Evidence · table > 14.22 Context: 478 #### Tags used in scoring **Proven Reserve** Polarity: positive Definition: Measured Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "proven" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **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 **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/troilus-reports-updated-technical-report-following-completion-of-basic-engineeri--8e298c46-9074-40dd-8b5b-353c2a06c7d9#fact-resource-facts-57) Troilus · gold #### Identity - Project: Troilus - Commodity: gold - Ticker: TLG.TO #### Resource Data - Category: indicated - Tonnes: 323 - Grade: 4.6 - Grade Unit: g/t #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-09T00:00:00.000Z Reasoning: The proven gold reserve contributes to the overall robust economics and increased confidence in the project, representing a high-confidence portion of the expanded reserve base. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: Proven Reserve category indicates high geological confidence and economic viability. - Positive factor: Part of a significant overall reserve increase for the project. Evidence · table > 4.6 Context: 323.0 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **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 **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/troilus-reports-updated-technical-report-following-completion-of-basic-engineeri--8e298c46-9074-40dd-8b5b-353c2a06c7d9#fact-resource-facts-58) Troilus · copper #### Identity - Project: Troilus - Commodity: copper - Ticker: TLG.TO #### Resource Data - Category: indicated - Tonnes: 323 - Grade: 372.7 - Grade Unit: % #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-09T00:00:00.000Z Reasoning: The proven gold reserve contributes to the overall robust economics and increased confidence in the project, representing a high-confidence portion of the expanded reserve base. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: Proven Reserve category indicates high geological confidence and economic viability. - Positive factor: Part of a significant overall reserve increase for the project. Evidence · table > 372.7 Context: 323.0 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **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 **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/troilus-reports-updated-technical-report-following-completion-of-basic-engineeri--8e298c46-9074-40dd-8b5b-353c2a06c7d9#fact-resource-facts-59) Troilus · silver #### Identity - Project: Troilus - Commodity: silver - Ticker: TLG.TO #### Resource Data - Category: indicated - Tonnes: 323 - Grade: 9.5 - Grade Unit: g/t #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-09T00:00:00.000Z Reasoning: The proven gold reserve contributes to the overall robust economics and increased confidence in the project, representing a high-confidence portion of the expanded reserve base. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: Proven Reserve category indicates high geological confidence and economic viability. - Positive factor: Part of a significant overall reserve increase for the project. Evidence · table > 9.5 Context: 323.0 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **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 **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/troilus-reports-updated-technical-report-following-completion-of-basic-engineeri--8e298c46-9074-40dd-8b5b-353c2a06c7d9#fact-resource-facts-60) Troilus · gold #### Identity - Project: Troilus - Commodity: gold - Ticker: TLG.TO #### Resource Data - Category: inferred - Tonnes: 140 - Grade: 1.6 - Grade Unit: g/t #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-09T00:00:00.000Z Reasoning: The proven gold reserve contributes to the overall robust economics and increased confidence in the project, representing a high-confidence portion of the expanded reserve base. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: Proven Reserve category indicates high geological confidence and economic viability. - Positive factor: Part of a significant overall reserve increase for the project. Evidence · table > 1.6 Context: 140.0 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **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 **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/troilus-reports-updated-technical-report-following-completion-of-basic-engineeri--8e298c46-9074-40dd-8b5b-353c2a06c7d9#fact-resource-facts-61) Troilus · copper #### Identity - Project: Troilus - Commodity: copper - Ticker: TLG.TO #### Resource Data - Category: inferred - Tonnes: 140 - Grade: 140.2 - Grade Unit: % #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-09T00:00:00.000Z Reasoning: The proven gold reserve contributes to the overall robust economics and increased confidence in the project, representing a high-confidence portion of the expanded reserve base. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: Proven Reserve category indicates high geological confidence and economic viability. - Positive factor: Part of a significant overall reserve increase for the project. Evidence · table > 140.2 Context: 140.0 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **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 **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/troilus-reports-updated-technical-report-following-completion-of-basic-engineeri--8e298c46-9074-40dd-8b5b-353c2a06c7d9#fact-resource-facts-62) Troilus · silver #### Identity - Project: Troilus - Commodity: silver - Ticker: TLG.TO #### Resource Data - Category: inferred - Tonnes: 140 - Grade: 3.4 - Grade Unit: g/t #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-09T00:00:00.000Z Reasoning: The proven gold reserve contributes to the overall robust economics and increased confidence in the project, representing a high-confidence portion of the expanded reserve base. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: Proven Reserve category indicates high geological confidence and economic viability. - Positive factor: Part of a significant overall reserve increase for the project. Evidence · table > 3.4 Context: 140.0 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **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 **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/troilus-reports-updated-technical-report-following-completion-of-basic-engineeri--8e298c46-9074-40dd-8b5b-353c2a06c7d9#fact-resource-facts-63) Troilus · gold #### Identity - Project: Troilus - Commodity: gold - Ticker: TLG.TO #### Resource Data - Category: indicated - Tonnes: 273.1 - Grade: 3 - Grade Unit: g/t #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-09T00:00:00.000Z Reasoning: The proven gold reserve contributes to the overall robust economics and increased confidence in the project, representing a high-confidence portion of the expanded reserve base. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: Proven Reserve category indicates high geological confidence and economic viability. - Positive factor: Part of a significant overall reserve increase for the project. Evidence · table > 3.0 Context: 273.1 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **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 **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/troilus-reports-updated-technical-report-following-completion-of-basic-engineeri--8e298c46-9074-40dd-8b5b-353c2a06c7d9#fact-resource-facts-64) Troilus · copper #### Identity - Project: Troilus - Commodity: copper - Ticker: TLG.TO #### Resource Data - Category: indicated - Tonnes: 273.1 - Grade: 296.9 - Grade Unit: % #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-09T00:00:00.000Z Reasoning: The proven gold reserve contributes to the overall robust economics and increased confidence in the project, representing a high-confidence portion of the expanded reserve base. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: Proven Reserve category indicates high geological confidence and economic viability. - Positive factor: Part of a significant overall reserve increase for the project. Evidence · table > 296.9 Context: 273.1 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **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 **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/troilus-reports-updated-technical-report-following-completion-of-basic-engineeri--8e298c46-9074-40dd-8b5b-353c2a06c7d9#fact-resource-facts-65) Troilus · silver #### Identity - Project: Troilus - Commodity: silver - Ticker: TLG.TO #### Resource Data - Category: indicated - Tonnes: 273.1 - Grade: 6.6 - Grade Unit: g/t #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-09T00:00:00.000Z Reasoning: The proven gold reserve contributes to the overall robust economics and increased confidence in the project, representing a high-confidence portion of the expanded reserve base. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: Proven Reserve category indicates high geological confidence and economic viability. - Positive factor: Part of a significant overall reserve increase for the project. Evidence · table > 6.6 Context: 273.1 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **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 **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/troilus-reports-updated-technical-report-following-completion-of-basic-engineeri--8e298c46-9074-40dd-8b5b-353c2a06c7d9#fact-resource-facts-66) Troilus · gold #### Identity - Project: Troilus - Commodity: gold - Ticker: TLG.TO #### Resource Data - Category: inferred - Tonnes: 37.8 - Grade: 0.3 - Grade Unit: g/t #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-09T00:00:00.000Z Reasoning: The proven gold reserve contributes to the overall robust economics and increased confidence in the project, representing a high-confidence portion of the expanded reserve base. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: Proven Reserve category indicates high geological confidence and economic viability. - Positive factor: Part of a significant overall reserve increase for the project. Evidence · table > 0.3 Context: 37.8 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **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 **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/troilus-reports-updated-technical-report-following-completion-of-basic-engineeri--8e298c46-9074-40dd-8b5b-353c2a06c7d9#fact-resource-facts-67) Troilus · copper #### Identity - Project: Troilus - Commodity: copper - Ticker: TLG.TO #### Resource Data - Category: inferred - Tonnes: 37.8 - Grade: 34 - Grade Unit: % #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-09T00:00:00.000Z Reasoning: The proven gold reserve contributes to the overall robust economics and increased confidence in the project, representing a high-confidence portion of the expanded reserve base. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: Proven Reserve category indicates high geological confidence and economic viability. - Positive factor: Part of a significant overall reserve increase for the project. Evidence · table > 34.0 Context: 37.8 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **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 **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/troilus-reports-updated-technical-report-following-completion-of-basic-engineeri--8e298c46-9074-40dd-8b5b-353c2a06c7d9#fact-resource-facts-68) Troilus · silver #### Identity - Project: Troilus - Commodity: silver - Ticker: TLG.TO #### Resource Data - Category: inferred - Tonnes: 37.8 - Grade: 0.7 - Grade Unit: g/t #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-09T00:00:00.000Z Reasoning: The proven gold reserve contributes to the overall robust economics and increased confidence in the project, representing a high-confidence portion of the expanded reserve base. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: Proven Reserve category indicates high geological confidence and economic viability. - Positive factor: Part of a significant overall reserve increase for the project. Evidence · table > 0.7 Context: 37.8 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **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 **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/troilus-reports-updated-technical-report-following-completion-of-basic-engineeri--8e298c46-9074-40dd-8b5b-353c2a06c7d9#fact-resource-facts-69) Troilus · gold #### Identity - Project: Troilus - Commodity: gold - Ticker: TLG.TO #### Resource Data - Category: indicated - Tonnes: 98.2 - Grade: 1.2 - Grade Unit: g/t #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-09T00:00:00.000Z Reasoning: The proven gold reserve contributes to the overall robust economics and increased confidence in the project, representing a high-confidence portion of the expanded reserve base. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: Proven Reserve category indicates high geological confidence and economic viability. - Positive factor: Part of a significant overall reserve increase for the project. Evidence · table > 1.2 Context: 98.2 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **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 **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/troilus-reports-updated-technical-report-following-completion-of-basic-engineeri--8e298c46-9074-40dd-8b5b-353c2a06c7d9#fact-resource-facts-70) Troilus · copper #### Identity - Project: Troilus - Commodity: copper - Ticker: TLG.TO #### Resource Data - Category: indicated - Tonnes: 98.2 - Grade: 90.2 - Grade Unit: % #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-09T00:00:00.000Z Reasoning: The proven gold reserve contributes to the overall robust economics and increased confidence in the project, representing a high-confidence portion of the expanded reserve base. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: Proven Reserve category indicates high geological confidence and economic viability. - Positive factor: Part of a significant overall reserve increase for the project. Evidence · table > 90.2 Context: 98.2 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **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 **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/troilus-reports-updated-technical-report-following-completion-of-basic-engineeri--8e298c46-9074-40dd-8b5b-353c2a06c7d9#fact-resource-facts-71) Troilus · silver #### Identity - Project: Troilus - Commodity: silver - Ticker: TLG.TO #### Resource Data - Category: indicated - Tonnes: 98.2 - Grade: 2.7 - Grade Unit: g/t #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-09T00:00:00.000Z Reasoning: The proven gold reserve contributes to the overall robust economics and increased confidence in the project, representing a high-confidence portion of the expanded reserve base. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: Proven Reserve category indicates high geological confidence and economic viability. - Positive factor: Part of a significant overall reserve increase for the project. Evidence · table > 2.7 Context: 98.2 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **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 **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/troilus-reports-updated-technical-report-following-completion-of-basic-engineeri--8e298c46-9074-40dd-8b5b-353c2a06c7d9#fact-resource-facts-72) Troilus · gold #### Identity - Project: Troilus - Commodity: gold - Ticker: TLG.TO #### Resource Data - Category: inferred - Tonnes: 3.4 - Grade: 0 - Grade Unit: g/t #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-09T00:00:00.000Z Reasoning: The proven gold reserve contributes to the overall robust economics and increased confidence in the project, representing a high-confidence portion of the expanded reserve base. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: Proven Reserve category indicates high geological confidence and economic viability. - Positive factor: Part of a significant overall reserve increase for the project. Evidence · table > 0.0 Context: 3.4 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **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 **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/troilus-reports-updated-technical-report-following-completion-of-basic-engineeri--8e298c46-9074-40dd-8b5b-353c2a06c7d9#fact-resource-facts-73) Troilus · copper #### Identity - Project: Troilus - Commodity: copper - Ticker: TLG.TO #### Resource Data - Category: inferred - Tonnes: 3.4 - Grade: 2.4 - Grade Unit: % #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-09T00:00:00.000Z Reasoning: The proven gold reserve contributes to the overall robust economics and increased confidence in the project, representing a high-confidence portion of the expanded reserve base. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: Proven Reserve category indicates high geological confidence and economic viability. - Positive factor: Part of a significant overall reserve increase for the project. Evidence · table > 2.4 Context: 3.4 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **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 **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/troilus-reports-updated-technical-report-following-completion-of-basic-engineeri--8e298c46-9074-40dd-8b5b-353c2a06c7d9#fact-resource-facts-74) Troilus · silver #### Identity - Project: Troilus - Commodity: silver - Ticker: TLG.TO #### Resource Data - Category: inferred - Tonnes: 3.4 - Grade: 0.1 - Grade Unit: g/t #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-09T00:00:00.000Z Reasoning: The proven gold reserve contributes to the overall robust economics and increased confidence in the project, representing a high-confidence portion of the expanded reserve base. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: Proven Reserve category indicates high geological confidence and economic viability. - Positive factor: Part of a significant overall reserve increase for the project. Evidence · table > 0.1 Context: 3.4 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **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 **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### measured [Link to this fact](https://atlas-staging.minestarters.com/news/troilus-reports-updated-technical-report-following-completion-of-basic-engineeri--8e298c46-9074-40dd-8b5b-353c2a06c7d9#fact-resource-facts-75) Troilus · gold #### Identity - Project: Troilus - Commodity: gold - Ticker: TLG.TO #### Resource Data - Category: measured - Tonnes: 81.6 - Grade: 0.9 - Grade Unit: g/t #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-09T00:00:00.000Z Reasoning: The proven gold reserve contributes to the overall robust economics and increased confidence in the project, representing a high-confidence portion of the expanded reserve base. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: Proven Reserve category indicates high geological confidence and economic viability. - Positive factor: Part of a significant overall reserve increase for the project. Evidence · table > 0.9 Context: 81.6 #### Tags used in scoring **Measured Resource** Polarity: positive Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves. Why it applies: category is "measured" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **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 **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### measured [Link to this fact](https://atlas-staging.minestarters.com/news/troilus-reports-updated-technical-report-following-completion-of-basic-engineeri--8e298c46-9074-40dd-8b5b-353c2a06c7d9#fact-resource-facts-76) Troilus · copper #### Identity - Project: Troilus - Commodity: copper - Ticker: TLG.TO #### Resource Data - Category: measured - Tonnes: 81.6 - Grade: 76.4 - Grade Unit: % #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-09T00:00:00.000Z Reasoning: The proven gold reserve contributes to the overall robust economics and increased confidence in the project, representing a high-confidence portion of the expanded reserve base. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: Proven Reserve category indicates high geological confidence and economic viability. - Positive factor: Part of a significant overall reserve increase for the project. Evidence · table > 76.4 Context: 81.6 #### Tags used in scoring **Measured Resource** Polarity: positive Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves. Why it applies: category is "measured" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **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 **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### measured [Link to this fact](https://atlas-staging.minestarters.com/news/troilus-reports-updated-technical-report-following-completion-of-basic-engineeri--8e298c46-9074-40dd-8b5b-353c2a06c7d9#fact-resource-facts-77) Troilus · silver #### Identity - Project: Troilus - Commodity: silver - Ticker: TLG.TO #### Resource Data - Category: measured - Tonnes: 81.6 - Grade: 1.7 - Grade Unit: g/t #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-09T00:00:00.000Z Reasoning: The proven gold reserve contributes to the overall robust economics and increased confidence in the project, representing a high-confidence portion of the expanded reserve base. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: Proven Reserve category indicates high geological confidence and economic viability. - Positive factor: Part of a significant overall reserve increase for the project. Evidence · table > 1.7 Context: 81.6 #### Tags used in scoring **Measured Resource** Polarity: positive Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves. Why it applies: category is "measured" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **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 **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/troilus-reports-updated-technical-report-following-completion-of-basic-engineeri--8e298c46-9074-40dd-8b5b-353c2a06c7d9#fact-resource-facts-78) Troilus · gold #### Identity - Project: Troilus - Commodity: gold - Ticker: TLG.TO #### Resource Data - Category: indicated - Tonnes: 34.2 - Grade: 0.4 - Grade Unit: g/t #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-09T00:00:00.000Z Reasoning: The proven gold reserve contributes to the overall robust economics and increased confidence in the project, representing a high-confidence portion of the expanded reserve base. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: Proven Reserve category indicates high geological confidence and economic viability. - Positive factor: Part of a significant overall reserve increase for the project. Evidence · table > 0.4 Context: 34.2 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **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 **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/troilus-reports-updated-technical-report-following-completion-of-basic-engineeri--8e298c46-9074-40dd-8b5b-353c2a06c7d9#fact-resource-facts-79) Troilus · copper #### Identity - Project: Troilus - Commodity: copper - Ticker: TLG.TO #### Resource Data - Category: indicated - Tonnes: 34.2 - Grade: 32.3 - Grade Unit: % #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-09T00:00:00.000Z Reasoning: The proven gold reserve contributes to the overall robust economics and increased confidence in the project, representing a high-confidence portion of the expanded reserve base. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: Proven Reserve category indicates high geological confidence and economic viability. - Positive factor: Part of a significant overall reserve increase for the project. Evidence · table > 32.3 Context: 34.2 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **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 **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/troilus-reports-updated-technical-report-following-completion-of-basic-engineeri--8e298c46-9074-40dd-8b5b-353c2a06c7d9#fact-resource-facts-80) Troilus · silver #### Identity - Project: Troilus - Commodity: silver - Ticker: TLG.TO #### Resource Data - Category: indicated - Tonnes: 34.2 - Grade: 1 - Grade Unit: g/t #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-09T00:00:00.000Z Reasoning: The proven gold reserve contributes to the overall robust economics and increased confidence in the project, representing a high-confidence portion of the expanded reserve base. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: Proven Reserve category indicates high geological confidence and economic viability. - Positive factor: Part of a significant overall reserve increase for the project. Evidence · table > 1.0 Context: 34.2 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **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 **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/troilus-reports-updated-technical-report-following-completion-of-basic-engineeri--8e298c46-9074-40dd-8b5b-353c2a06c7d9#fact-resource-facts-81) Troilus · gold #### Identity - Project: Troilus - Commodity: gold - Ticker: TLG.TO #### Resource Data - Category: inferred - Tonnes: 1.4 - Grade: 0 - Grade Unit: g/t #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-09T00:00:00.000Z Reasoning: The proven gold reserve contributes to the overall robust economics and increased confidence in the project, representing a high-confidence portion of the expanded reserve base. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: Proven Reserve category indicates high geological confidence and economic viability. - Positive factor: Part of a significant overall reserve increase for the project. Evidence · table > 0.0 Context: 1.4 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **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 **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/troilus-reports-updated-technical-report-following-completion-of-basic-engineeri--8e298c46-9074-40dd-8b5b-353c2a06c7d9#fact-resource-facts-82) Troilus · copper #### Identity - Project: Troilus - Commodity: copper - Ticker: TLG.TO #### Resource Data - Category: inferred - Tonnes: 1.4 - Grade: 1.1 - Grade Unit: % #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-09T00:00:00.000Z Reasoning: The proven gold reserve contributes to the overall robust economics and increased confidence in the project, representing a high-confidence portion of the expanded reserve base. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: Proven Reserve category indicates high geological confidence and economic viability. - Positive factor: Part of a significant overall reserve increase for the project. Evidence · table > 1.1 Context: 1.4 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **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 **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/troilus-reports-updated-technical-report-following-completion-of-basic-engineeri--8e298c46-9074-40dd-8b5b-353c2a06c7d9#fact-resource-facts-83) Troilus · silver #### Identity - Project: Troilus - Commodity: silver - Ticker: TLG.TO #### Resource Data - Category: inferred - Tonnes: 1.4 - Grade: 0 - Grade Unit: g/t #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-09T00:00:00.000Z Reasoning: The proven gold reserve contributes to the overall robust economics and increased confidence in the project, representing a high-confidence portion of the expanded reserve base. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: Proven Reserve category indicates high geological confidence and economic viability. - Positive factor: Part of a significant overall reserve increase for the project. Evidence · table > 0.0 Context: 1.4 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **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 **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/troilus-reports-updated-technical-report-following-completion-of-basic-engineeri--8e298c46-9074-40dd-8b5b-353c2a06c7d9#fact-resource-facts-84) Troilus · gold #### Identity - Project: Troilus - Commodity: gold - Ticker: TLG.TO #### Resource Data - Category: indicated - Tonnes: 728.6 - Grade: 9.2 - Grade Unit: g/t #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-09T00:00:00.000Z Reasoning: The proven gold reserve contributes to the overall robust economics and increased confidence in the project, representing a high-confidence portion of the expanded reserve base. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: Proven Reserve category indicates high geological confidence and economic viability. - Positive factor: Part of a significant overall reserve increase for the project. Evidence · table > 9.2 Context: 728.6 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **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 **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/troilus-reports-updated-technical-report-following-completion-of-basic-engineeri--8e298c46-9074-40dd-8b5b-353c2a06c7d9#fact-resource-facts-85) Troilus · copper #### Identity - Project: Troilus - Commodity: copper - Ticker: TLG.TO #### Resource Data - Category: indicated - Tonnes: 728.6 - Grade: 792.1 - Grade Unit: % #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-09T00:00:00.000Z Reasoning: The proven gold reserve contributes to the overall robust economics and increased confidence in the project, representing a high-confidence portion of the expanded reserve base. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: Proven Reserve category indicates high geological confidence and economic viability. - Positive factor: Part of a significant overall reserve increase for the project. Evidence · table > 792.1 Context: 728.6 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **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 **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/troilus-reports-updated-technical-report-following-completion-of-basic-engineeri--8e298c46-9074-40dd-8b5b-353c2a06c7d9#fact-resource-facts-86) Troilus · silver #### Identity - Project: Troilus - Commodity: silver - Ticker: TLG.TO #### Resource Data - Category: indicated - Tonnes: 728.6 - Grade: 19.6 - Grade Unit: g/t #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-09T00:00:00.000Z Reasoning: The proven gold reserve contributes to the overall robust economics and increased confidence in the project, representing a high-confidence portion of the expanded reserve base. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: Proven Reserve category indicates high geological confidence and economic viability. - Positive factor: Part of a significant overall reserve increase for the project. Evidence · table > 19.6 Context: 728.6 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **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 **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/troilus-reports-updated-technical-report-following-completion-of-basic-engineeri--8e298c46-9074-40dd-8b5b-353c2a06c7d9#fact-resource-facts-87) Troilus · gold #### Identity - Project: Troilus - Commodity: gold - Ticker: TLG.TO #### Resource Data - Category: inferred - Tonnes: 182.5 - Grade: 2 - Grade Unit: g/t #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-09T00:00:00.000Z Reasoning: The proven gold reserve contributes to the overall robust economics and increased confidence in the project, representing a high-confidence portion of the expanded reserve base. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: Proven Reserve category indicates high geological confidence and economic viability. - Positive factor: Part of a significant overall reserve increase for the project. Evidence · table > 2.0 Context: 182.5 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **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 **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/troilus-reports-updated-technical-report-following-completion-of-basic-engineeri--8e298c46-9074-40dd-8b5b-353c2a06c7d9#fact-resource-facts-88) Troilus · copper #### Identity - Project: Troilus - Commodity: copper - Ticker: TLG.TO #### Resource Data - Category: inferred - Tonnes: 182.5 - Grade: 177.8 - Grade Unit: % #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-09T00:00:00.000Z Reasoning: The proven gold reserve contributes to the overall robust economics and increased confidence in the project, representing a high-confidence portion of the expanded reserve base. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: Proven Reserve category indicates high geological confidence and economic viability. - Positive factor: Part of a significant overall reserve increase for the project. Evidence · table > 177.8 Context: 182.5 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **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 **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/troilus-reports-updated-technical-report-following-completion-of-basic-engineeri--8e298c46-9074-40dd-8b5b-353c2a06c7d9#fact-resource-facts-89) Troilus · silver #### Identity - Project: Troilus - Commodity: silver - Ticker: TLG.TO #### Resource Data - Category: inferred - Tonnes: 182.5 - Grade: 4.2 - Grade Unit: g/t #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-09T00:00:00.000Z Reasoning: The proven gold reserve contributes to the overall robust economics and increased confidence in the project, representing a high-confidence portion of the expanded reserve base. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: Proven Reserve category indicates high geological confidence and economic viability. - Positive factor: Part of a significant overall reserve increase for the project. Evidence · table > 4.2 Context: 182.5 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **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 **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ## Metallurgical Results (3) ### Fact 1 [Link to this fact](https://atlas-staging.minestarters.com/news/troilus-reports-updated-technical-report-following-completion-of-basic-engineeri--8e298c46-9074-40dd-8b5b-353c2a06c7d9#fact-metallurgical-facts-45) Troilus Project · gold #### Identity - Project: Troilus Project - Commodity: gold - Region: canada\_qc - Reported Region: Quebec, Canada - Ticker: TLG.TO #### Test Work - Program Status: detailed - Processing Route: crushing, HPGRs, ball milling, gravity concentration and flotation #### Recovery - Recovery: 85.7 % - Recovery Basis: actual\_test #### Lab - Consultant: BBA Inc. #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-09T00:00:00.000Z Reasoning: The average gold recovery of 85.7% is a positive outcome for the conventional, cyanide-free processing flowsheet, supporting the project's economic viability. - Positive factor: Good average gold recovery for the chosen processing route. - Positive factor: Processing route is conventional and cyanide-free. Evidence · text > The average recoveries by metal are 85.7% for gold #### Tags used in scoring **Mill Route** Polarity: neutral Definition: Processing via mill or concentrator \(CIL, CIP, tank leach, flotation\). Why it applies: processing\_route matches the flotation signal **Gravity Route** Polarity: neutral Definition: Gravity separation forms a material part of the flowsheet. Why it applies: processing\_route matches the gravity signal ### Fact 2 [Link to this fact](https://atlas-staging.minestarters.com/news/troilus-reports-updated-technical-report-following-completion-of-basic-engineeri--8e298c46-9074-40dd-8b5b-353c2a06c7d9#fact-metallurgical-facts-46) Troilus Project · copper #### Identity - Project: Troilus Project - Commodity: copper - Region: canada\_qc - Reported Region: Quebec, Canada - Ticker: TLG.TO #### Test Work - Program Status: detailed - Processing Route: crushing, HPGRs, ball milling, gravity concentration and flotation #### Recovery - Recovery: 88.7 % - Recovery Basis: actual\_test #### Lab - Consultant: BBA Inc. #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-09T00:00:00.000Z Reasoning: The average copper recovery of 88.7% is a strong result for the conventional processing flowsheet, significantly contributing to the project's economic projections. - Positive factor: Strong average copper recovery for the chosen processing route. - Positive factor: Processing route is conventional and cyanide-free. Evidence · text > 88.7% for copper #### Tags used in scoring **Mill Route** Polarity: neutral Definition: Processing via mill or concentrator \(CIL, CIP, tank leach, flotation\). Why it applies: processing\_route matches the flotation signal **Gravity Route** Polarity: neutral Definition: Gravity separation forms a material part of the flowsheet. Why it applies: processing\_route matches the gravity signal ### Fact 3 [Link to this fact](https://atlas-staging.minestarters.com/news/troilus-reports-updated-technical-report-following-completion-of-basic-engineeri--8e298c46-9074-40dd-8b5b-353c2a06c7d9#fact-metallurgical-facts-47) Troilus Project · silver #### Identity - Project: Troilus Project - Commodity: silver - Region: canada\_qc - Reported Region: Quebec, Canada - Ticker: TLG.TO #### Test Work - Program Status: detailed - Processing Route: crushing, HPGRs, ball milling, gravity concentration and flotation #### Recovery - Recovery: 87.5 % - Recovery Basis: actual\_test #### Lab - Consultant: BBA Inc. #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-09T00:00:00.000Z Reasoning: The average silver recovery of 87.5% is a positive outcome for the conventional processing flowsheet, enhancing the project's byproduct revenue. - Positive factor: Good average silver recovery for the chosen processing route. - Positive factor: Processing route is conventional and cyanide-free. Evidence · text > and 87.5% for silver. #### Tags used in scoring **Mill Route** Polarity: neutral Definition: Processing via mill or concentrator \(CIL, CIP, tank leach, flotation\). Why it applies: processing\_route matches the flotation signal **Gravity Route** Polarity: neutral Definition: Gravity separation forms a material part of the flowsheet. Why it applies: processing\_route matches the gravity signal ## How Atlas produces this analysis Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.