# Aftermath Silver Announces Resource Estimate for Cachinal Silver-Gold Project and Filing of Amended and Restated NI 43-101 Technical Report

Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/aftermath-silver-announces-resource-estimate-for-cachinal-silver-gold-project-an--6864a677-b07b-4580-8436-9a94325b4823

Original source: https://www.newsfilecorp.com/release/63953/Aftermath-Silver-Announces-Resource-Estimate-for-Cachinal-SilverGold-Project-and-Filing-of-Amended-and-Restated-NI-43101-Technical-Report

Publisher: research

Original announcement: Unknown date

Analysis by Minestarters Atlas

Atlas analysis published: 2026-10-16T16:54:27.753Z

Atlas analysis updated: 2026-10-16T16:54:27.753Z

- Company: Aftermath Silver

- Ticker: AAG

- Exchange: TSXV

- Region: Antofagasta Region \(Region II\), Chile

- Primary commodity: Silver

- Secondary commodities: Gold

- Document categories: Resource update, Agreement transaction

- Extracted: 2026-10-16 16:54:27 UTC

Narrative sentiment: 0.42 · Bullish

## Minestarters Atlas summary

Aftermath Silver announced a CIM-compliant mineral resource estimate for the Cachinal silver-gold project in Chile and filed an amended NI 43-101 technical report. The estimate totals 5.05 Mt indicated and 0.53 Mt inferred, with silver as the main metal and gold as a secondary metal. The report also states metal price and recovery assumptions used to set cut-off grades.

Reasoning: This is a new resource estimate announcement, not drilling or metallurgy. The estimate is meaningful because it defines a silver-gold resource and is backed by a filed NI 43-101 report, but the large Inferred component limits confidence.

- Positive factor: CIM compliant mineral resource estimate reported for Cachinal

- Positive factor: NI 43-101 technical report filed with an effective date stated

- Positive factor: Qualified Persons named and technical report prepared under NI 43-101

- Negative factor: Resource is predominantly Inferred by tonnes and metal content

- Negative factor: Cut-off grades are disclosed but resource is already historical relative to announcement date

Facts used in scoring: 24

## Classification and evidence

**JORC Compliant**

Polarity: positive

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

Why it applies: The release states the estimate was classified according to the CIM Definition Standards and the report was prepared under NI 43-101, not JORC; therefore no JORC tag is applied.

Evidence · text

> prepared in accordance with the Canadian Securities Administrators' National Instrument 43-101

**NI 43-101 Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard.

Why it applies: The amended and restated technical report was prepared in accordance with NI 43-101.

Evidence · text

> prepared in accordance with the Canadian Securities Administrators' National Instrument 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: Two qualified persons are named and the technical report is signed off by them.

Evidence · text

> The Mineral Resource estimate was performed by independent qualified persons Glen Cole P.Geo

**Cut-off Disclosed**

Polarity: positive

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

Why it applies: The release states different cut-off grades for open pit and underground resources.

Evidence · text

> Open Pit methods uses a cut-off's of 30 g/t Silver equivalent

**Indicated Resource**

Polarity: positive

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

Why it applies: The table includes indicated rows totaling 5.05 Mt at 101 g/t silver and 0.13 g/t gold.

Evidence · table

> 101

Context: 5.05

**Inferred Resource**

Polarity: negative

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

Why it applies: The table includes inferred rows totaling 0.53 Mt at 145 g/t silver and 0.15 g/t gold.

Evidence · table

> 145

Context: 0.53

**Maiden Resource**

Polarity: neutral

Definition: First formal MRE for the project — establishes baseline but typically exploration-stage with high Inferred component. No prior estimate exists, so every change band is not applicable.

Why it applies: This is the first resource estimate announced for the Cachinal project in the document.

Evidence · text

> Announces Resource Estimate for Cachinal Silver-Gold Project

## Extracted facts

Stored fact records: 24. Some facts used in scoring do not have a stored record.

## Resource Estimates (24)

### indicated

[Link to this fact](https://atlas-extractions.minestarters.com/news/aftermath-silver-announces-resource-estimate-for-cachinal-silver-gold-project-an--6864a677-b07b-4580-8436-9a94325b4823#fact-resource-facts-0)

Cachinal Silver-Gold Project · silver

#### Identity

- Project: Cachinal Silver-Gold Project
- Commodity: silver
- Region: chile
- Reported Region: Antofagasta Region \(Region II\), Chile
- Ticker: AAG

#### Resource scope

- Estimate type: resource
- Reporting standards: ni\_43\_101, other
- QP Signed: Yes
- Qualified person names: Glen Cole, Sergio Alvarado Casas
- Resource group id: resource:13cbd76e741dd183e853
- Deposit or zone: Cachinal
- Mining method: combined
- Material type: open pit

#### Resource Data

- Category: indicated
- Tonnes: 4830000
- Grade: 97
- Grade Unit: g/t
- Contained Metal: 15.03
- Contained Unit: moz
- Cutoff Grade: 30
- Cutoff Unit: g/t AgEq

#### Prior Estimate

- Resource Date: 2020-08-10

#### Metal Equivalent

- Assumptions Disclosed: Yes

#### Lab

- Laboratory: SRK Consulting \(Canada\) Inc. and Geoinvest SAC E.I.R.L.

#### Location

- Loc. Confidence: inferred

#### Review

- Needs Review: No
- Historical: No

Reasoning: This is the main indicated open-pit silver resource row and it contributes the bulk of the project's stated indicated tonnes and silver ounces.

- Positive factor: Indicated resource category has reasonable geological confidence

- Positive factor: Open-pit amenable material is disclosed

- Positive factor: Contained silver is explicitly stated

- Negative factor: Large part of the broader resource remains Inferred

- Negative factor: Cut-off is expressed in silver equivalent rather than a direct silver cut-off

#### Tags used in scoring

**Indicated Resource**

Polarity: positive

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

Why it applies: category is "indicated"

**Cut-off Disclosed**

Polarity: positive

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

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

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

Why it applies: qp\_signed is true

**NI 43-101 Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard.

Why it applies: reporting\_standards includes ni\_43\_101

**Stale Estimate**

Polarity: negative

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

Why it applies: effective date is 6.2 years before this release

### indicated

[Link to this fact](https://atlas-extractions.minestarters.com/news/aftermath-silver-announces-resource-estimate-for-cachinal-silver-gold-project-an--6864a677-b07b-4580-8436-9a94325b4823#fact-resource-facts-1)

Cachinal Silver-Gold Project · gold

#### Identity

- Project: Cachinal Silver-Gold Project
- Commodity: gold
- Region: chile
- Reported Region: Antofagasta Region \(Region II\), Chile
- Ticker: AAG

#### Resource scope

- Estimate type: resource
- Reporting standards: ni\_43\_101, other
- QP Signed: Yes
- Qualified person names: Glen Cole, Sergio Alvarado Casas
- Resource group id: resource:13cbd76e741dd183e853
- Deposit or zone: Cachinal
- Mining method: combined
- Material type: open pit

#### Resource Data

- Category: indicated
- Tonnes: 4830000
- Grade: 0.13
- Grade Unit: g/t
- Contained Metal: 20.05
- Contained Unit: koz
- Cutoff Grade: 30
- Cutoff Unit: g/t AgEq

#### Prior Estimate

- Resource Date: 2020-08-10

#### Metal Equivalent

- Assumptions Disclosed: Yes

#### Lab

- Laboratory: SRK Consulting \(Canada\) Inc. and Geoinvest SAC E.I.R.L.

#### Location

- Loc. Confidence: inferred

#### Review

- Needs Review: No
- Historical: No

Reasoning: Gold is a secondary commodity in the same indicated open-pit row, and the resource reports both grade and contained gold.

- Positive factor: Gold credit is explicitly reported alongside silver

- Positive factor: Indicated category supports geological confidence

- Negative factor: Gold grade is low relative to the silver focus

- Negative factor: Cut-off is based on silver equivalent

#### Tags used in scoring

**Indicated Resource**

Polarity: positive

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

Why it applies: category is "indicated"

**Cut-off Disclosed**

Polarity: positive

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

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

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

Why it applies: qp\_signed is true

**NI 43-101 Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard.

Why it applies: reporting\_standards includes ni\_43\_101

**Stale Estimate**

Polarity: negative

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

Why it applies: effective date is 6.2 years before this release

### indicated

[Link to this fact](https://atlas-extractions.minestarters.com/news/aftermath-silver-announces-resource-estimate-for-cachinal-silver-gold-project-an--6864a677-b07b-4580-8436-9a94325b4823#fact-resource-facts-2)

Cachinal Silver-Gold Project · silver

#### Identity

- Project: Cachinal Silver-Gold Project
- Commodity: silver
- Region: chile
- Reported Region: Antofagasta Region \(Region II\), Chile
- Ticker: AAG

#### Resource scope

- Estimate type: resource
- Reporting standards: ni\_43\_101, other
- QP Signed: Yes
- Qualified person names: Glen Cole, Sergio Alvarado Casas
- Resource group id: resource:7f40c4e19b789e92a99a
- Deposit or zone: Cachinal
- Mining method: combined
- Material type: underground

#### Resource Data

- Category: indicated
- Tonnes: 220000
- Grade: 182
- Grade Unit: g/t
- Contained Metal: 1.29
- Contained Unit: moz
- Cutoff Grade: 150
- Cutoff Unit: g/t AgEq

#### Prior Estimate

- Resource Date: 2020-08-10

#### Metal Equivalent

- Assumptions Disclosed: Yes

#### Lab

- Laboratory: SRK Consulting \(Canada\) Inc. and Geoinvest SAC E.I.R.L.

#### Location

- Loc. Confidence: inferred

#### Review

- Needs Review: No
- Historical: No

Reasoning: This is the indicated underground silver resource, showing a higher grade but much smaller tonnage than the open-pit portion.

- Positive factor: Underground material is explicitly separated from open-pit material

- Positive factor: Higher grade than the open-pit portion

- Positive factor: Contained silver is stated

- Negative factor: Underground tonneage is small relative to the broader resource

- Negative factor: Cut-off is in silver equivalent

#### Tags used in scoring

**Indicated Resource**

Polarity: positive

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

Why it applies: category is "indicated"

**Cut-off Disclosed**

Polarity: positive

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

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

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

Why it applies: qp\_signed is true

**NI 43-101 Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard.

Why it applies: reporting\_standards includes ni\_43\_101

**Stale Estimate**

Polarity: negative

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

Why it applies: effective date is 6.2 years before this release

### indicated

[Link to this fact](https://atlas-extractions.minestarters.com/news/aftermath-silver-announces-resource-estimate-for-cachinal-silver-gold-project-an--6864a677-b07b-4580-8436-9a94325b4823#fact-resource-facts-3)

Cachinal Silver-Gold Project · gold

#### Identity

- Project: Cachinal Silver-Gold Project
- Commodity: gold
- Region: chile
- Reported Region: Antofagasta Region \(Region II\), Chile
- Ticker: AAG

#### Resource scope

- Estimate type: resource
- Reporting standards: ni\_43\_101, other
- QP Signed: Yes
- Qualified person names: Glen Cole, Sergio Alvarado Casas
- Resource group id: resource:7f40c4e19b789e92a99a
- Deposit or zone: Cachinal
- Mining method: combined
- Material type: underground

#### Resource Data

- Category: indicated
- Tonnes: 220000
- Grade: 0.22
- Grade Unit: g/t
- Contained Metal: 1.65
- Contained Unit: koz
- Cutoff Grade: 150
- Cutoff Unit: g/t AgEq

#### Prior Estimate

- Resource Date: 2020-08-10

#### Metal Equivalent

- Assumptions Disclosed: Yes

#### Lab

- Laboratory: SRK Consulting \(Canada\) Inc. and Geoinvest SAC E.I.R.L.

#### Location

- Loc. Confidence: inferred

#### Review

- Needs Review: No
- Historical: No

Reasoning: Gold is a byproduct credit within the indicated underground resource row.

- Positive factor: Gold is reported for the underground indicated material

- Positive factor: Contained gold is explicitly stated

- Negative factor: Gold is secondary to the silver resource

- Negative factor: Small tonnage

#### Tags used in scoring

**Indicated Resource**

Polarity: positive

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

Why it applies: category is "indicated"

**Cut-off Disclosed**

Polarity: positive

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

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

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

Why it applies: qp\_signed is true

**NI 43-101 Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard.

Why it applies: reporting\_standards includes ni\_43\_101

**Stale Estimate**

Polarity: negative

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

Why it applies: effective date is 6.2 years before this release

### inferred

[Link to this fact](https://atlas-extractions.minestarters.com/news/aftermath-silver-announces-resource-estimate-for-cachinal-silver-gold-project-an--6864a677-b07b-4580-8436-9a94325b4823#fact-resource-facts-4)

Cachinal Silver-Gold Project · silver

#### Identity

- Project: Cachinal Silver-Gold Project
- Commodity: silver
- Region: chile
- Reported Region: Antofagasta Region \(Region II\), Chile
- Ticker: AAG

#### Resource scope

- Estimate type: resource
- Reporting standards: ni\_43\_101, other
- QP Signed: Yes
- Qualified person names: Glen Cole, Sergio Alvarado Casas
- Resource group id: resource:6fa0cd3088c6d1f051c5
- Deposit or zone: Cachinal
- Mining method: combined
- Material type: open pit

#### Resource Data

- Category: inferred
- Tonnes: 170000
- Grade: 73
- Grade Unit: g/t
- Contained Metal: 0.41
- Contained Unit: moz
- Cutoff Grade: 30
- Cutoff Unit: g/t AgEq

#### Prior Estimate

- Resource Date: 2020-08-10

#### Metal Equivalent

- Assumptions Disclosed: Yes

#### Lab

- Laboratory: SRK Consulting \(Canada\) Inc. and Geoinvest SAC E.I.R.L.

#### Location

- Loc. Confidence: inferred

#### Review

- Needs Review: No
- Historical: No

Reasoning: This is the inferred open-pit silver component of the resource.

- Positive factor: Inferred open-pit silver mineralization is explicitly reported

- Positive factor: Contained silver is stated

- Negative factor: Lower confidence category

- Negative factor: Lower grade than the indicated open-pit row

#### Tags used in scoring

**Inferred Resource**

Polarity: negative

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

Why it applies: category is "inferred"

**Cut-off Disclosed**

Polarity: positive

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

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

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

Why it applies: qp\_signed is true

**NI 43-101 Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard.

Why it applies: reporting\_standards includes ni\_43\_101

**Stale Estimate**

Polarity: negative

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

Why it applies: effective date is 6.2 years before this release

### inferred

[Link to this fact](https://atlas-extractions.minestarters.com/news/aftermath-silver-announces-resource-estimate-for-cachinal-silver-gold-project-an--6864a677-b07b-4580-8436-9a94325b4823#fact-resource-facts-5)

Cachinal Silver-Gold Project · gold

#### Identity

- Project: Cachinal Silver-Gold Project
- Commodity: gold
- Region: chile
- Reported Region: Antofagasta Region \(Region II\), Chile
- Ticker: AAG

#### Resource scope

- Estimate type: resource
- Reporting standards: ni\_43\_101, other
- QP Signed: Yes
- Qualified person names: Glen Cole, Sergio Alvarado Casas
- Resource group id: resource:6fa0cd3088c6d1f051c5
- Deposit or zone: Cachinal
- Mining method: combined
- Material type: open pit

#### Resource Data

- Category: inferred
- Tonnes: 170000
- Grade: 0.07
- Grade Unit: g/t
- Contained Metal: 0.43
- Contained Unit: koz
- Cutoff Grade: 30
- Cutoff Unit: g/t AgEq

#### Prior Estimate

- Resource Date: 2020-08-10

#### Metal Equivalent

- Assumptions Disclosed: Yes

#### Lab

- Laboratory: SRK Consulting \(Canada\) Inc. and Geoinvest SAC E.I.R.L.

#### Location

- Loc. Confidence: inferred

#### Review

- Needs Review: No
- Historical: No

Reasoning: Gold is a minor component of the inferred open-pit row.

- Positive factor: Gold is explicitly reported for the inferred open-pit material

- Negative factor: Very low grade and small contained gold

- Negative factor: Inferred category

#### Tags used in scoring

**Inferred Resource**

Polarity: negative

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

Why it applies: category is "inferred"

**Cut-off Disclosed**

Polarity: positive

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

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

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

Why it applies: qp\_signed is true

**NI 43-101 Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard.

Why it applies: reporting\_standards includes ni\_43\_101

**Stale Estimate**

Polarity: negative

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

Why it applies: effective date is 6.2 years before this release

### inferred

[Link to this fact](https://atlas-extractions.minestarters.com/news/aftermath-silver-announces-resource-estimate-for-cachinal-silver-gold-project-an--6864a677-b07b-4580-8436-9a94325b4823#fact-resource-facts-6)

Cachinal Silver-Gold Project · silver

#### Identity

- Project: Cachinal Silver-Gold Project
- Commodity: silver
- Region: chile
- Reported Region: Antofagasta Region \(Region II\), Chile
- Ticker: AAG

#### Resource scope

- Estimate type: resource
- Reporting standards: ni\_43\_101, other
- QP Signed: Yes
- Qualified person names: Glen Cole, Sergio Alvarado Casas
- Resource group id: resource:0b93f210dab9a010c870
- Deposit or zone: Cachinal
- Mining method: combined
- Material type: underground

#### Resource Data

- Category: inferred
- Tonnes: 360000
- Grade: 180
- Grade Unit: g/t
- Contained Metal: 2.07
- Contained Unit: moz
- Cutoff Grade: 150
- Cutoff Unit: g/t AgEq

#### Prior Estimate

- Resource Date: 2020-08-10

#### Metal Equivalent

- Assumptions Disclosed: Yes

#### Lab

- Laboratory: SRK Consulting \(Canada\) Inc. and Geoinvest SAC E.I.R.L.

#### Location

- Loc. Confidence: inferred

#### Review

- Needs Review: No
- Historical: No

Reasoning: This is the inferred underground silver component, with a higher grade than the inferred open-pit material.

- Positive factor: High-grade inferred underground silver is explicitly reported

- Positive factor: Contained silver is stated

- Negative factor: Inferred category limits confidence

- Negative factor: Small tonnage

#### Tags used in scoring

**Inferred Resource**

Polarity: negative

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

Why it applies: category is "inferred"

**Cut-off Disclosed**

Polarity: positive

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

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

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

Why it applies: qp\_signed is true

**NI 43-101 Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard.

Why it applies: reporting\_standards includes ni\_43\_101

**Stale Estimate**

Polarity: negative

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

Why it applies: effective date is 6.2 years before this release

### inferred

[Link to this fact](https://atlas-extractions.minestarters.com/news/aftermath-silver-announces-resource-estimate-for-cachinal-silver-gold-project-an--6864a677-b07b-4580-8436-9a94325b4823#fact-resource-facts-7)

Cachinal Silver-Gold Project · gold

#### Identity

- Project: Cachinal Silver-Gold Project
- Commodity: gold
- Region: chile
- Reported Region: Antofagasta Region \(Region II\), Chile
- Ticker: AAG

#### Resource scope

- Estimate type: resource
- Reporting standards: ni\_43\_101, other
- QP Signed: Yes
- Qualified person names: Glen Cole, Sergio Alvarado Casas
- Resource group id: resource:0b93f210dab9a010c870
- Deposit or zone: Cachinal
- Mining method: combined
- Material type: underground

#### Resource Data

- Category: inferred
- Tonnes: 360000
- Grade: 0.19
- Grade Unit: g/t
- Contained Metal: 2.18
- Contained Unit: koz
- Cutoff Grade: 150
- Cutoff Unit: g/t AgEq

#### Prior Estimate

- Resource Date: 2020-08-10

#### Metal Equivalent

- Assumptions Disclosed: Yes

#### Lab

- Laboratory: SRK Consulting \(Canada\) Inc. and Geoinvest SAC E.I.R.L.

#### Location

- Loc. Confidence: inferred

#### Review

- Needs Review: No
- Historical: No

Reasoning: Gold is the byproduct credit in the inferred underground resource row.

- Positive factor: Gold is explicitly reported for the inferred underground material

- Negative factor: Inferred category

- Negative factor: Gold remains secondary to silver

#### Tags used in scoring

**Inferred Resource**

Polarity: negative

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

Why it applies: category is "inferred"

**Cut-off Disclosed**

Polarity: positive

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

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

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

Why it applies: qp\_signed is true

**NI 43-101 Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard.

Why it applies: reporting\_standards includes ni\_43\_101

**Stale Estimate**

Polarity: negative

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

Why it applies: effective date is 6.2 years before this release

### indicated

[Link to this fact](https://atlas-extractions.minestarters.com/news/aftermath-silver-announces-resource-estimate-for-cachinal-silver-gold-project-an--6864a677-b07b-4580-8436-9a94325b4823#fact-resource-facts-8)

Cachinal Silver-Gold Project · silver

#### Identity

- Project: Cachinal Silver-Gold Project
- Commodity: silver
- Region: chile
- Reported Region: Antofagasta Region \(Region II\), Chile
- Ticker: AAG

#### Resource scope

- Estimate type: resource
- Reporting standards: ni\_43\_101, other
- QP Signed: Yes
- Qualified person names: Glen Cole, Sergio Alvarado Casas
- Resource group id: resource:b35d9bcef722c88bb3df
- Deposit or zone: Cachinal
- Mining method: combined
- Material type: open pit

#### Resource Data

- Category: indicated
- Tonnes: 5050000
- Grade: 101
- Grade Unit: g/t
- Contained Metal: 16.32
- Contained Unit: moz
- Cutoff Grade: 30
- Cutoff Unit: g/t AgEq

#### Prior Estimate

- Resource Date: 2020-08-10

#### Metal Equivalent

- Assumptions Disclosed: Yes

#### Lab

- Laboratory: SRK Consulting \(Canada\) Inc. and Geoinvest SAC E.I.R.L.

#### Location

- Loc. Confidence: inferred

#### Review

- Needs Review: No
- Historical: No

Reasoning: This is the total indicated resource row for the project and provides the headline indicated tonnage and silver ounces.

- Positive factor: Total indicated resource is explicitly disclosed

- Positive factor: Contained silver is explicitly stated

- Negative factor: Aggregated total includes open-pit and underground material

- Negative factor: Cut-off basis is silver equivalent

#### Tags used in scoring

**Indicated Resource**

Polarity: positive

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

Why it applies: category is "indicated"

**Cut-off Disclosed**

Polarity: positive

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

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

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

Why it applies: qp\_signed is true

**NI 43-101 Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard.

Why it applies: reporting\_standards includes ni\_43\_101

**Stale Estimate**

Polarity: negative

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

Why it applies: effective date is 6.2 years before this release

### indicated

[Link to this fact](https://atlas-extractions.minestarters.com/news/aftermath-silver-announces-resource-estimate-for-cachinal-silver-gold-project-an--6864a677-b07b-4580-8436-9a94325b4823#fact-resource-facts-9)

Cachinal Silver-Gold Project · gold

#### Identity

- Project: Cachinal Silver-Gold Project
- Commodity: gold
- Region: chile
- Reported Region: Antofagasta Region \(Region II\), Chile
- Ticker: AAG

#### Resource scope

- Estimate type: resource
- Reporting standards: ni\_43\_101, other
- QP Signed: Yes
- Qualified person names: Glen Cole, Sergio Alvarado Casas
- Resource group id: resource:b35d9bcef722c88bb3df
- Deposit or zone: Cachinal
- Mining method: combined
- Material type: open pit

#### Resource Data

- Category: indicated
- Tonnes: 5050000
- Grade: 0.13
- Grade Unit: g/t
- Contained Metal: 21.7
- Contained Unit: koz
- Cutoff Grade: 30
- Cutoff Unit: g/t AgEq

#### Prior Estimate

- Resource Date: 2020-08-10

#### Metal Equivalent

- Assumptions Disclosed: Yes

#### Lab

- Laboratory: SRK Consulting \(Canada\) Inc. and Geoinvest SAC E.I.R.L.

#### Location

- Loc. Confidence: inferred

#### Review

- Needs Review: No
- Historical: No

Reasoning: Gold is the byproduct credit in the total indicated resource row.

- Positive factor: Gold is explicitly reported in the total indicated row

- Negative factor: Gold is secondary to silver

- Negative factor: Aggregated total row

#### Tags used in scoring

**Indicated Resource**

Polarity: positive

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

Why it applies: category is "indicated"

**Cut-off Disclosed**

Polarity: positive

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

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

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

Why it applies: qp\_signed is true

**NI 43-101 Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard.

Why it applies: reporting\_standards includes ni\_43\_101

**Stale Estimate**

Polarity: negative

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

Why it applies: effective date is 6.2 years before this release

### inferred

[Link to this fact](https://atlas-extractions.minestarters.com/news/aftermath-silver-announces-resource-estimate-for-cachinal-silver-gold-project-an--6864a677-b07b-4580-8436-9a94325b4823#fact-resource-facts-10)

Cachinal Silver-Gold Project · silver

#### Identity

- Project: Cachinal Silver-Gold Project
- Commodity: silver
- Region: chile
- Reported Region: Antofagasta Region \(Region II\), Chile
- Ticker: AAG

#### Resource scope

- Estimate type: resource
- Reporting standards: ni\_43\_101, other
- QP Signed: Yes
- Qualified person names: Glen Cole, Sergio Alvarado Casas
- Resource group id: resource:601c8a04ffc5ca781801
- Deposit or zone: Cachinal
- Mining method: combined
- Material type: open pit

#### Resource Data

- Category: inferred
- Tonnes: 530000
- Grade: 145
- Grade Unit: g/t
- Contained Metal: 2.48
- Contained Unit: moz
- Cutoff Grade: 30
- Cutoff Unit: g/t AgEq

#### Prior Estimate

- Resource Date: 2020-08-10

#### Metal Equivalent

- Assumptions Disclosed: Yes

#### Lab

- Laboratory: SRK Consulting \(Canada\) Inc. and Geoinvest SAC E.I.R.L.

#### Location

- Loc. Confidence: inferred

#### Review

- Needs Review: No
- Historical: No

Reasoning: This is the total inferred silver resource for the project.

- Positive factor: Total inferred resource is explicitly disclosed

- Negative factor: All tonnes are Inferred in this subtotal

- Negative factor: Lower confidence category

#### Tags used in scoring

**Inferred Resource**

Polarity: negative

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

Why it applies: category is "inferred"

**Cut-off Disclosed**

Polarity: positive

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

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

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

Why it applies: qp\_signed is true

**NI 43-101 Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard.

Why it applies: reporting\_standards includes ni\_43\_101

**Stale Estimate**

Polarity: negative

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

Why it applies: effective date is 6.2 years before this release

### inferred

[Link to this fact](https://atlas-extractions.minestarters.com/news/aftermath-silver-announces-resource-estimate-for-cachinal-silver-gold-project-an--6864a677-b07b-4580-8436-9a94325b4823#fact-resource-facts-11)

Cachinal Silver-Gold Project · gold

#### Identity

- Project: Cachinal Silver-Gold Project
- Commodity: gold
- Region: chile
- Reported Region: Antofagasta Region \(Region II\), Chile
- Ticker: AAG

#### Resource scope

- Estimate type: resource
- Reporting standards: ni\_43\_101, other
- QP Signed: Yes
- Qualified person names: Glen Cole, Sergio Alvarado Casas
- Resource group id: resource:601c8a04ffc5ca781801
- Deposit or zone: Cachinal
- Mining method: combined
- Material type: open pit

#### Resource Data

- Category: inferred
- Tonnes: 530000
- Grade: 0.15
- Grade Unit: g/t
- Contained Metal: 2.61
- Contained Unit: koz
- Cutoff Grade: 30
- Cutoff Unit: g/t AgEq

#### Prior Estimate

- Resource Date: 2020-08-10

#### Metal Equivalent

- Assumptions Disclosed: Yes

#### Lab

- Laboratory: SRK Consulting \(Canada\) Inc. and Geoinvest SAC E.I.R.L.

#### Location

- Loc. Confidence: inferred

#### Review

- Needs Review: No
- Historical: No

Reasoning: Gold is the byproduct credit in the total inferred resource row.

- Positive factor: Gold is explicitly reported in the total inferred row

- Negative factor: Inferred category

- Negative factor: Gold is secondary to silver

#### Tags used in scoring

**Inferred Resource**

Polarity: negative

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

Why it applies: category is "inferred"

**Cut-off Disclosed**

Polarity: positive

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

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

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

Why it applies: qp\_signed is true

**NI 43-101 Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard.

Why it applies: reporting\_standards includes ni\_43\_101

**Stale Estimate**

Polarity: negative

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

Why it applies: effective date is 6.2 years before this release

### indicated

[Link to this fact](https://atlas-extractions.minestarters.com/news/aftermath-silver-announces-resource-estimate-for-cachinal-silver-gold-project-an--6864a677-b07b-4580-8436-9a94325b4823#fact-resource-facts-12)

Summary of the CIM Compliant Mineral Resource Estimate for the Cachinal Silver-Gold · silver

#### Identity

- Project: Summary of the CIM Compliant Mineral Resource Estimate for the Cachinal Silver-Gold
- Commodity: silver
- Ticker: AAG

#### Resource scope

- Estimate type: resource
- Reporting standards: ni\_43\_101
- Resource group id: resource:360334c6e5e51b4e76b0
- Mining method: combined
- Material type: Open Pit

#### Resource Data

- Category: indicated
- Tonnes: 4830000
- Grade: 97
- Grade Unit: g/t
- Contained Metal: 15.03
- Contained Unit: moz

#### Metal Equivalent

- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Historical: No

Reasoning: Expanded from multi-commodity resource table for completeness.

- Negative factor: Fact expanded from resource table columns \(model omitted this commodity\).

Evidence · table

> 97

Context: 4.83

#### 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

**NI 43-101 Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard.

Why it applies: reporting\_standards includes ni\_43\_101

### indicated

[Link to this fact](https://atlas-extractions.minestarters.com/news/aftermath-silver-announces-resource-estimate-for-cachinal-silver-gold-project-an--6864a677-b07b-4580-8436-9a94325b4823#fact-resource-facts-13)

Summary of the CIM Compliant Mineral Resource Estimate for the Cachinal Silver-Gold · gold

#### Identity

- Project: Summary of the CIM Compliant Mineral Resource Estimate for the Cachinal Silver-Gold
- Commodity: gold
- Ticker: AAG

#### Resource scope

- Estimate type: resource
- Reporting standards: ni\_43\_101
- Resource group id: resource:360334c6e5e51b4e76b0
- Mining method: combined
- Material type: Open Pit

#### Resource Data

- Category: indicated
- Tonnes: 4830000
- Grade: 0.13
- Grade Unit: g/t
- Contained Metal: 20.05
- Contained Unit: koz

#### Metal Equivalent

- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Historical: No

Reasoning: Expanded from multi-commodity resource table for completeness.

- Negative factor: Fact expanded from resource table columns \(model omitted this commodity\).

Evidence · table

> 0.13

Context: 4.83

#### 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

**NI 43-101 Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard.

Why it applies: reporting\_standards includes ni\_43\_101

### indicated

[Link to this fact](https://atlas-extractions.minestarters.com/news/aftermath-silver-announces-resource-estimate-for-cachinal-silver-gold-project-an--6864a677-b07b-4580-8436-9a94325b4823#fact-resource-facts-14)

Summary of the CIM Compliant Mineral Resource Estimate for the Cachinal Silver-Gold · silver

#### Identity

- Project: Summary of the CIM Compliant Mineral Resource Estimate for the Cachinal Silver-Gold
- Commodity: silver
- Ticker: AAG

#### Resource scope

- Estimate type: resource
- Reporting standards: ni\_43\_101
- Resource group id: resource:24ac0cea7a98a9755db4
- Mining method: combined
- Material type: Underground

#### Resource Data

- Category: indicated
- Tonnes: 220000
- Grade: 182
- Grade Unit: g/t
- Contained Metal: 1.29
- Contained Unit: moz

#### Metal Equivalent

- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Historical: No

Reasoning: Expanded from multi-commodity resource table for completeness.

- Negative factor: Fact expanded from resource table columns \(model omitted this commodity\).

Evidence · table

> 182

Context: 0.22

#### 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

**NI 43-101 Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard.

Why it applies: reporting\_standards includes ni\_43\_101

### indicated

[Link to this fact](https://atlas-extractions.minestarters.com/news/aftermath-silver-announces-resource-estimate-for-cachinal-silver-gold-project-an--6864a677-b07b-4580-8436-9a94325b4823#fact-resource-facts-15)

Summary of the CIM Compliant Mineral Resource Estimate for the Cachinal Silver-Gold · gold

#### Identity

- Project: Summary of the CIM Compliant Mineral Resource Estimate for the Cachinal Silver-Gold
- Commodity: gold
- Ticker: AAG

#### Resource scope

- Estimate type: resource
- Reporting standards: ni\_43\_101
- Resource group id: resource:24ac0cea7a98a9755db4
- Mining method: combined
- Material type: Underground

#### Resource Data

- Category: indicated
- Tonnes: 220000
- Grade: 0.22
- Grade Unit: g/t
- Contained Metal: 1.65
- Contained Unit: koz

#### Metal Equivalent

- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Historical: No

Reasoning: Expanded from multi-commodity resource table for completeness.

- Negative factor: Fact expanded from resource table columns \(model omitted this commodity\).

Evidence · table

> 0.22

Context: 0.22

#### 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

**NI 43-101 Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard.

Why it applies: reporting\_standards includes ni\_43\_101

### indicated

[Link to this fact](https://atlas-extractions.minestarters.com/news/aftermath-silver-announces-resource-estimate-for-cachinal-silver-gold-project-an--6864a677-b07b-4580-8436-9a94325b4823#fact-resource-facts-16)

Summary of the CIM Compliant Mineral Resource Estimate for the Cachinal Silver-Gold · silver

#### Identity

- Project: Summary of the CIM Compliant Mineral Resource Estimate for the Cachinal Silver-Gold
- Commodity: silver
- Ticker: AAG

#### Resource scope

- Estimate type: resource
- Reporting standards: ni\_43\_101
- Resource group id: resource:be1054432ecd9a3b4f1b
- Mining method: combined

#### Resource Data

- Category: indicated
- Tonnes: 5050000
- Grade: 101
- Grade Unit: g/t
- Contained Metal: 16.32
- Contained Unit: moz

#### Metal Equivalent

- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Historical: No

Reasoning: Expanded from multi-commodity resource table for completeness.

- Negative factor: Fact expanded from resource table columns \(model omitted this commodity\).

Evidence · table

> 101

Context: 5.05

#### 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

**NI 43-101 Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard.

Why it applies: reporting\_standards includes ni\_43\_101

### indicated

[Link to this fact](https://atlas-extractions.minestarters.com/news/aftermath-silver-announces-resource-estimate-for-cachinal-silver-gold-project-an--6864a677-b07b-4580-8436-9a94325b4823#fact-resource-facts-17)

Summary of the CIM Compliant Mineral Resource Estimate for the Cachinal Silver-Gold · gold

#### Identity

- Project: Summary of the CIM Compliant Mineral Resource Estimate for the Cachinal Silver-Gold
- Commodity: gold
- Ticker: AAG

#### Resource scope

- Estimate type: resource
- Reporting standards: ni\_43\_101
- Resource group id: resource:be1054432ecd9a3b4f1b
- Mining method: combined

#### Resource Data

- Category: indicated
- Tonnes: 5050000
- Grade: 0.13
- Grade Unit: g/t
- Contained Metal: 21.7
- Contained Unit: koz

#### Metal Equivalent

- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Historical: No

Reasoning: Expanded from multi-commodity resource table for completeness.

- Negative factor: Fact expanded from resource table columns \(model omitted this commodity\).

Evidence · table

> 0.13

Context: 5.05

#### 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

**NI 43-101 Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard.

Why it applies: reporting\_standards includes ni\_43\_101

### inferred

[Link to this fact](https://atlas-extractions.minestarters.com/news/aftermath-silver-announces-resource-estimate-for-cachinal-silver-gold-project-an--6864a677-b07b-4580-8436-9a94325b4823#fact-resource-facts-18)

Summary of the CIM Compliant Mineral Resource Estimate for the Cachinal Silver-Gold · silver

#### Identity

- Project: Summary of the CIM Compliant Mineral Resource Estimate for the Cachinal Silver-Gold
- Commodity: silver
- Ticker: AAG

#### Resource scope

- Estimate type: resource
- Reporting standards: ni\_43\_101
- Resource group id: resource:f733fd72866e727c81fa
- Mining method: combined
- Material type: Open Pit

#### Resource Data

- Category: inferred
- Tonnes: 170000
- Grade: 73
- Grade Unit: g/t
- Contained Metal: 0.41
- Contained Unit: moz

#### Metal Equivalent

- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Historical: No

Reasoning: Expanded from multi-commodity resource table for completeness.

- Negative factor: Fact expanded from resource table columns \(model omitted this commodity\).

Evidence · table

> 73

Context: 0.17

#### 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

**NI 43-101 Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard.

Why it applies: reporting\_standards includes ni\_43\_101

### inferred

[Link to this fact](https://atlas-extractions.minestarters.com/news/aftermath-silver-announces-resource-estimate-for-cachinal-silver-gold-project-an--6864a677-b07b-4580-8436-9a94325b4823#fact-resource-facts-19)

Summary of the CIM Compliant Mineral Resource Estimate for the Cachinal Silver-Gold · gold

#### Identity

- Project: Summary of the CIM Compliant Mineral Resource Estimate for the Cachinal Silver-Gold
- Commodity: gold
- Ticker: AAG

#### Resource scope

- Estimate type: resource
- Reporting standards: ni\_43\_101
- Resource group id: resource:f733fd72866e727c81fa
- Mining method: combined
- Material type: Open Pit

#### Resource Data

- Category: inferred
- Tonnes: 170000
- Grade: 0.07
- Grade Unit: g/t
- Contained Metal: 0.43
- Contained Unit: koz

#### Metal Equivalent

- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Historical: No

Reasoning: Expanded from multi-commodity resource table for completeness.

- Negative factor: Fact expanded from resource table columns \(model omitted this commodity\).

Evidence · table

> 0.07

Context: 0.17

#### 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

**NI 43-101 Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard.

Why it applies: reporting\_standards includes ni\_43\_101

### inferred

[Link to this fact](https://atlas-extractions.minestarters.com/news/aftermath-silver-announces-resource-estimate-for-cachinal-silver-gold-project-an--6864a677-b07b-4580-8436-9a94325b4823#fact-resource-facts-20)

Summary of the CIM Compliant Mineral Resource Estimate for the Cachinal Silver-Gold · silver

#### Identity

- Project: Summary of the CIM Compliant Mineral Resource Estimate for the Cachinal Silver-Gold
- Commodity: silver
- Ticker: AAG

#### Resource scope

- Estimate type: resource
- Reporting standards: ni\_43\_101
- Resource group id: resource:43187578e737f0960a06
- Mining method: combined
- Material type: Underground

#### Resource Data

- Category: inferred
- Tonnes: 360000
- Grade: 180
- Grade Unit: g/t
- Contained Metal: 2.07
- Contained Unit: moz

#### Metal Equivalent

- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Historical: No

Reasoning: Expanded from multi-commodity resource table for completeness.

- Negative factor: Fact expanded from resource table columns \(model omitted this commodity\).

Evidence · table

> 180

Context: 0.36

#### 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

**NI 43-101 Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard.

Why it applies: reporting\_standards includes ni\_43\_101

### inferred

[Link to this fact](https://atlas-extractions.minestarters.com/news/aftermath-silver-announces-resource-estimate-for-cachinal-silver-gold-project-an--6864a677-b07b-4580-8436-9a94325b4823#fact-resource-facts-21)

Summary of the CIM Compliant Mineral Resource Estimate for the Cachinal Silver-Gold · gold

#### Identity

- Project: Summary of the CIM Compliant Mineral Resource Estimate for the Cachinal Silver-Gold
- Commodity: gold
- Ticker: AAG

#### Resource scope

- Estimate type: resource
- Reporting standards: ni\_43\_101
- Resource group id: resource:43187578e737f0960a06
- Mining method: combined
- Material type: Underground

#### Resource Data

- Category: inferred
- Tonnes: 360000
- Grade: 0.19
- Grade Unit: g/t
- Contained Metal: 2.18
- Contained Unit: koz

#### Metal Equivalent

- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Historical: No

Reasoning: Expanded from multi-commodity resource table for completeness.

- Negative factor: Fact expanded from resource table columns \(model omitted this commodity\).

Evidence · table

> 0.19

Context: 0.36

#### 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

**NI 43-101 Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard.

Why it applies: reporting\_standards includes ni\_43\_101

### inferred

[Link to this fact](https://atlas-extractions.minestarters.com/news/aftermath-silver-announces-resource-estimate-for-cachinal-silver-gold-project-an--6864a677-b07b-4580-8436-9a94325b4823#fact-resource-facts-22)

Summary of the CIM Compliant Mineral Resource Estimate for the Cachinal Silver-Gold · silver

#### Identity

- Project: Summary of the CIM Compliant Mineral Resource Estimate for the Cachinal Silver-Gold
- Commodity: silver
- Ticker: AAG

#### Resource scope

- Estimate type: resource
- Reporting standards: ni\_43\_101
- Resource group id: resource:9135641e68cfce502cca
- Mining method: combined

#### Resource Data

- Category: inferred
- Tonnes: 530000
- Grade: 145
- Grade Unit: g/t
- Contained Metal: 2.48
- Contained Unit: moz

#### Metal Equivalent

- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Historical: No

Reasoning: Expanded from multi-commodity resource table for completeness.

- Negative factor: Fact expanded from resource table columns \(model omitted this commodity\).

Evidence · table

> 145

Context: 0.53

#### 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

**NI 43-101 Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard.

Why it applies: reporting\_standards includes ni\_43\_101

### inferred

[Link to this fact](https://atlas-extractions.minestarters.com/news/aftermath-silver-announces-resource-estimate-for-cachinal-silver-gold-project-an--6864a677-b07b-4580-8436-9a94325b4823#fact-resource-facts-23)

Summary of the CIM Compliant Mineral Resource Estimate for the Cachinal Silver-Gold · gold

#### Identity

- Project: Summary of the CIM Compliant Mineral Resource Estimate for the Cachinal Silver-Gold
- Commodity: gold
- Ticker: AAG

#### Resource scope

- Estimate type: resource
- Reporting standards: ni\_43\_101
- Resource group id: resource:9135641e68cfce502cca
- Mining method: combined

#### Resource Data

- Category: inferred
- Tonnes: 530000
- Grade: 0.15
- Grade Unit: g/t
- Contained Metal: 2.61
- Contained Unit: koz

#### Metal Equivalent

- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Historical: No

Reasoning: Expanded from multi-commodity resource table for completeness.

- Negative factor: Fact expanded from resource table columns \(model omitted this commodity\).

Evidence · table

> 0.15

Context: 0.53

#### 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

**NI 43-101 Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard.

Why it applies: reporting\_standards includes ni\_43\_101

## 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.
