Honey Badger Silver Announces Positive Preliminary Economic Assessment for the PC Silver Mine; Sees Significant Silver plus Critical Minerals Production

Original announcement by orestocks on

Company
Honey Badger Silver Inc.
Ticker
TUF.V
Exchange
Unavailable
Region
Northwest Territories, Canada
Primary commodity
Silver
Secondary commodities
Zinc, Lead, Copper, Antimony, Germanium, Tungsten
Document categories
Resource update, Economic study
Extracted
2026-09-17 12:22:09 UTC

Analysis by Minestarters Atlas

Minestarters Atlas analysis

Summary

Honey Badger Silver announced a positive Preliminary Economic Assessment (PEA) for its PC Silver Mine in the Northwest Territories, Canada, highlighting compelling economics with a 22-year mine life. The PEA shows strong after-tax NPV8% ranging from US$0.84 billion to US$2.27 billion and IRR from 29.3% to 54.8% across various price scenarios, with negative All-in Sustaining Costs due to significant by-product credits. The study is supported by an updated Mineral Resource Estimate, and the company plans to advance directly to a Feasibility Study by Q2 2027.

Reasoning: Honey Badger Silver announced a highly positive Preliminary Economic Assessment for its PC Silver Mine, demonstrating robust economics, a long mine life, and significant silver and critical minerals production potential, supported by an updated mineral resource estimate. The project benefits from existing infrastructure and strong by-product credits, leading to negative AISC.

Positive factors

  • Highly positive PEA results with strong NPV and IRR across multiple price scenarios
  • Long 22-year mine life supported by a large resource base
  • Negative All-in Sustaining Costs (AISC) due to significant by-product credits
  • Existing infrastructure and key permits in place, reducing development risk
  • Potential for non-dilutive financing and critical minerals upside not yet included in economics

Negative factors

  • PEA is preliminary in nature and includes Inferred Mineral Resources
  • Some economic conventions (IRR basis, price deck basis) are undisclosed
  • Economic value from critical minerals (germanium, antimony, tungsten) and tax incentives not yet incorporated

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

Facts used in scoring: 41

Classification and evidence

Cut-off Disclosedpositive

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

Why it applies: A current resource fact retains the disclosed cut-off grade

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: The source explicitly discloses a revised resource estimate

Evidence · text

“Updated Mineral Resource Estimate”

Extracted facts

Stored fact records: 40. Some facts used in scoring do not have a stored record.

Resource Estimates (40)

measuredPC Silver Mine · ageqTonnes: 984000Grade: 663Grade Unit: g/tView all details
Link to this fact

Identity

Project
PC Silver Mine
Commodity
ageq
Region
canada
Reported Region
Northwest Territories, Canada
Ticker
TUF.V

Resource scope

Estimate type
resource
Effective date
2026-06-21T00:00:00.000Z
Reporting standards
ni_43_101, other
QP Signed
Yes
Qualified person names
Greg Mosher
Resource group id
resource:12c081bc48de103bab4b
Mining method
underground
Ownership percent
100 %

Resource Data

Category
measured
Tonnes
984000
Grade
663
Grade Unit
g/t
Cutoff Grade
100
Cutoff Unit
g/t AgEq

Prior Estimate

Resource Date
2026-06-21

Metal Equivalent

Metal Eq. Grade
663
Metal Eq. Unit
g/t AgEq
Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-17T00:00:00.000Z

Reasoning: The Measured resource category indicates high geological confidence with a strong silver equivalent grade, contributing positively to the overall resource update.

Positive factors

  • Highest confidence category (Measured)
  • High AgEq grade of 663 g/t

Evidence · table

“663”

Context: 0.984

Tags used in scoring

Measured Resourcepositive

Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.

Why it applies: category is "measured"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — 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 Compliantpositive

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

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

PEA-Supportingneutral

Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

DFS-Supportingneutral

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

measuredPC Silver Mine · silverTonnes: 984000Grade: 194Grade Unit: g/tView all details
Link to this fact

Identity

Project
PC Silver Mine
Commodity
silver
Region
canada
Reported Region
Northwest Territories, Canada
Ticker
TUF.V

Resource scope

Estimate type
resource
Effective date
2026-06-21T00:00:00.000Z
Reporting standards
ni_43_101, other
QP Signed
Yes
Qualified person names
Greg Mosher
Resource group id
resource:12c081bc48de103bab4b
Mining method
underground
Ownership percent
100 %

Resource Data

Category
measured
Tonnes
984000
Grade
194
Grade Unit
g/t
Cutoff Grade
100
Cutoff Unit
g/t AgEq

Prior Estimate

Resource Date
2026-06-21

Metal Equivalent

Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-17T00:00:00.000Z

Reasoning: The Measured resource category for silver shows a good grade, contributing to the overall confidence and value of the resource.

Positive factors

  • Highest confidence category (Measured)
  • Good silver grade of 194 g/t

Evidence · table

“194”

Context: 0.984

Tags used in scoring

Measured Resourcepositive

Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.

Why it applies: category is "measured"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — 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 Compliantpositive

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

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

PEA-Supportingneutral

Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

DFS-Supportingneutral

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

measuredPC Silver Mine · copperTonnes: 984000Grade: 0.37Grade Unit: %View all details
Link to this fact

Identity

Project
PC Silver Mine
Commodity
copper
Region
canada
Reported Region
Northwest Territories, Canada
Ticker
TUF.V

Resource scope

Estimate type
resource
Effective date
2026-06-21T00:00:00.000Z
Reporting standards
ni_43_101, other
QP Signed
Yes
Qualified person names
Greg Mosher
Resource group id
resource:12c081bc48de103bab4b
Mining method
underground
Ownership percent
100 %

Resource Data

Category
measured
Tonnes
984000
Grade
0.37
Grade Unit
%
Cutoff Grade
100
Cutoff Unit
g/t AgEq

Prior Estimate

Resource Date
2026-06-21

Metal Equivalent

Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-17T00:00:00.000Z

Reasoning: The Measured resource for copper, while not exceptionally high, adds to the polymetallic nature and overall value of the deposit.

Positive factors

  • Highest confidence category (Measured)
  • Copper grade contributes to polymetallic value

Evidence · table

“0.37”

Context: 0.984

Tags used in scoring

Measured Resourcepositive

Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.

Why it applies: category is "measured"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — 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 Compliantpositive

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

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

PEA-Supportingneutral

Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

DFS-Supportingneutral

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

measuredPC Silver Mine · leadTonnes: 984000Grade: 10.49Grade Unit: %View all details
Link to this fact

Identity

Project
PC Silver Mine
Commodity
lead
Region
canada
Reported Region
Northwest Territories, Canada
Ticker
TUF.V

Resource scope

Estimate type
resource
Effective date
2026-06-21T00:00:00.000Z
Reporting standards
ni_43_101, other
QP Signed
Yes
Qualified person names
Greg Mosher
Resource group id
resource:12c081bc48de103bab4b
Mining method
underground
Ownership percent
100 %

Resource Data

Category
measured
Tonnes
984000
Grade
10.49
Grade Unit
%
Cutoff Grade
100
Cutoff Unit
g/t AgEq

Prior Estimate

Resource Date
2026-06-21

Metal Equivalent

Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-17T00:00:00.000Z

Reasoning: The Measured resource for lead shows a high grade, significantly contributing to the polymetallic value of the deposit.

Positive factors

  • Highest confidence category (Measured)
  • High lead grade of 10.49%

Evidence · table

“10.49”

Context: 0.984

Tags used in scoring

Measured Resourcepositive

Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.

Why it applies: category is "measured"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — 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 Compliantpositive

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

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

PEA-Supportingneutral

Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

DFS-Supportingneutral

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

measuredPC Silver Mine · antimonyTonnes: 984000Grade: 1021Grade Unit: ppmView all details
Link to this fact

Identity

Project
PC Silver Mine
Commodity
antimony
Region
canada
Reported Region
Northwest Territories, Canada
Ticker
TUF.V

Resource scope

Estimate type
resource
Effective date
2026-06-21T00:00:00.000Z
Reporting standards
ni_43_101, other
QP Signed
Yes
Qualified person names
Greg Mosher
Resource group id
resource:12c081bc48de103bab4b
Mining method
underground
Ownership percent
100 %

Resource Data

Category
measured
Tonnes
984000
Grade
1021
Grade Unit
ppm
Cutoff Grade
100
Cutoff Unit
g/t AgEq

Prior Estimate

Resource Date
2026-06-21

Metal Equivalent

Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-17T00:00:00.000Z

Reasoning: The Measured resource for antimony, a critical mineral, adds to the potential value of the deposit, although its economic contribution is not yet fully quantified in the PEA.

Positive factors

  • Highest confidence category (Measured)
  • Antimony is a critical mineral and adds potential value

Evidence · table

“1,021”

Context: 0.984

Tags used in scoring

Measured Resourcepositive

Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.

Why it applies: category is "measured"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — 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 Compliantpositive

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

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

PEA-Supportingneutral

Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

DFS-Supportingneutral

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

measuredPC Silver Mine · zincTonnes: 984000Grade: 12.56Grade Unit: %View all details
Link to this fact

Identity

Project
PC Silver Mine
Commodity
zinc
Region
canada
Reported Region
Northwest Territories, Canada
Ticker
TUF.V

Resource scope

Estimate type
resource
Effective date
2026-06-21T00:00:00.000Z
Reporting standards
ni_43_101, other
QP Signed
Yes
Qualified person names
Greg Mosher
Resource group id
resource:12c081bc48de103bab4b
Mining method
underground
Ownership percent
100 %

Resource Data

Category
measured
Tonnes
984000
Grade
12.56
Grade Unit
%
Cutoff Grade
100
Cutoff Unit
g/t AgEq

Prior Estimate

Resource Date
2026-06-21

Metal Equivalent

Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-17T00:00:00.000Z

Reasoning: The Measured resource for zinc shows a high grade, significantly contributing to the polymetallic value of the deposit and the project's economics.

Positive factors

  • Highest confidence category (Measured)
  • High zinc grade of 12.56%

Evidence · table

“12.56”

Context: 0.984

Tags used in scoring

Measured Resourcepositive

Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.

Why it applies: category is "measured"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — 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 Compliantpositive

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

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

PEA-Supportingneutral

Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

DFS-Supportingneutral

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

indicatedPC Silver Mine · ageqTonnes: 10644000Grade: 402Grade Unit: g/tView all details
Link to this fact

Identity

Project
PC Silver Mine
Commodity
ageq
Region
canada
Reported Region
Northwest Territories, Canada
Ticker
TUF.V

Resource scope

Estimate type
resource
Effective date
2026-06-21T00:00:00.000Z
Reporting standards
ni_43_101, other
QP Signed
Yes
Qualified person names
Greg Mosher
Resource group id
resource:cde6751cdf5c13b04202
Mining method
underground
Ownership percent
100 %

Resource Data

Category
indicated
Tonnes
10644000
Grade
402
Grade Unit
g/t
Cutoff Grade
100
Cutoff Unit
g/t AgEq

Prior Estimate

Resource Date
2026-06-21

Metal Equivalent

Metal Eq. Grade
402
Metal Eq. Unit
g/t AgEq
Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-17T00:00:00.000Z

Reasoning: The Indicated resource category represents a substantial portion of the resource with a strong silver equivalent grade, providing good geological confidence for future studies.

Positive factors

  • Large tonnage in Indicated category (10.644 Mt)
  • Strong AgEq grade of 402 g/t

Evidence · table

“402”

Context: 10.644

Tags used in scoring

Indicated Resourcepositive

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

Why it applies: category is "indicated"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — 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 Compliantpositive

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

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

PEA-Supportingneutral

Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

DFS-Supportingneutral

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

indicatedPC Silver Mine · silverTonnes: 10644000Grade: 108Grade Unit: g/tView all details
Link to this fact

Identity

Project
PC Silver Mine
Commodity
silver
Region
canada
Reported Region
Northwest Territories, Canada
Ticker
TUF.V

Resource scope

Estimate type
resource
Effective date
2026-06-21T00:00:00.000Z
Reporting standards
ni_43_101, other
QP Signed
Yes
Qualified person names
Greg Mosher
Resource group id
resource:cde6751cdf5c13b04202
Mining method
underground
Ownership percent
100 %

Resource Data

Category
indicated
Tonnes
10644000
Grade
108
Grade Unit
g/t
Cutoff Grade
100
Cutoff Unit
g/t AgEq

Prior Estimate

Resource Date
2026-06-21

Metal Equivalent

Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-17T00:00:00.000Z

Reasoning: The Indicated resource for silver shows a good grade over a significant tonnage, contributing to the overall resource confidence.

Positive factors

  • Large tonnage in Indicated category
  • Good silver grade of 108 g/t

Evidence · table

“108”

Context: 10.644

Tags used in scoring

Indicated Resourcepositive

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

Why it applies: category is "indicated"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — 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 Compliantpositive

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

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

PEA-Supportingneutral

Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

DFS-Supportingneutral

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

indicatedPC Silver Mine · copperTonnes: 10644000Grade: 0.21Grade Unit: %View all details
Link to this fact

Identity

Project
PC Silver Mine
Commodity
copper
Region
canada
Reported Region
Northwest Territories, Canada
Ticker
TUF.V

Resource scope

Estimate type
resource
Effective date
2026-06-21T00:00:00.000Z
Reporting standards
ni_43_101, other
QP Signed
Yes
Qualified person names
Greg Mosher
Resource group id
resource:cde6751cdf5c13b04202
Mining method
underground
Ownership percent
100 %

Resource Data

Category
indicated
Tonnes
10644000
Grade
0.21
Grade Unit
%
Cutoff Grade
100
Cutoff Unit
g/t AgEq

Prior Estimate

Resource Date
2026-06-21

Metal Equivalent

Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-17T00:00:00.000Z

Reasoning: The Indicated resource for copper, while not high-grade, adds to the polymetallic nature of the deposit and is part of the overall resource base.

Positive factors

  • Large tonnage in Indicated category
  • Copper grade contributes to polymetallic value

Evidence · table

“0.21”

Context: 10.644

Tags used in scoring

Indicated Resourcepositive

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

Why it applies: category is "indicated"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — 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 Compliantpositive

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

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

PEA-Supportingneutral

Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

DFS-Supportingneutral

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

indicatedPC Silver Mine · leadTonnes: 10644000Grade: 6.88Grade Unit: %View all details
Link to this fact

Identity

Project
PC Silver Mine
Commodity
lead
Region
canada
Reported Region
Northwest Territories, Canada
Ticker
TUF.V

Resource scope

Estimate type
resource
Effective date
2026-06-21T00:00:00.000Z
Reporting standards
ni_43_101, other
QP Signed
Yes
Qualified person names
Greg Mosher
Resource group id
resource:cde6751cdf5c13b04202
Mining method
underground
Ownership percent
100 %

Resource Data

Category
indicated
Tonnes
10644000
Grade
6.88
Grade Unit
%
Cutoff Grade
100
Cutoff Unit
g/t AgEq

Prior Estimate

Resource Date
2026-06-21

Metal Equivalent

Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-17T00:00:00.000Z

Reasoning: The Indicated resource for lead shows a good grade over a significant tonnage, contributing to the overall resource confidence and polymetallic value.

Positive factors

  • Large tonnage in Indicated category
  • Good lead grade of 6.88%

Evidence · table

“6.88”

Context: 10.644

Tags used in scoring

Indicated Resourcepositive

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

Why it applies: category is "indicated"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — 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 Compliantpositive

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

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

PEA-Supportingneutral

Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

DFS-Supportingneutral

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

indicatedPC Silver Mine · antimonyTonnes: 10644000Grade: 955Grade Unit: ppmView all details
Link to this fact

Identity

Project
PC Silver Mine
Commodity
antimony
Region
canada
Reported Region
Northwest Territories, Canada
Ticker
TUF.V

Resource scope

Estimate type
resource
Effective date
2026-06-21T00:00:00.000Z
Reporting standards
ni_43_101, other
QP Signed
Yes
Qualified person names
Greg Mosher
Resource group id
resource:cde6751cdf5c13b04202
Mining method
underground
Ownership percent
100 %

Resource Data

Category
indicated
Tonnes
10644000
Grade
955
Grade Unit
ppm
Cutoff Grade
100
Cutoff Unit
g/t AgEq

Prior Estimate

Resource Date
2026-06-21

Metal Equivalent

Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-17T00:00:00.000Z

Reasoning: The Indicated resource for antimony, a critical mineral, adds to the potential value of the deposit, although its economic contribution is not yet fully quantified in the PEA.

Positive factors

  • Large tonnage in Indicated category
  • Antimony is a critical mineral and adds potential value

Evidence · table

“955”

Context: 10.644

Tags used in scoring

Indicated Resourcepositive

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

Why it applies: category is "indicated"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — 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 Compliantpositive

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

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

PEA-Supportingneutral

Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

DFS-Supportingneutral

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

indicatedPC Silver Mine · zincTonnes: 10644000Grade: 7.76Grade Unit: %View all details
Link to this fact

Identity

Project
PC Silver Mine
Commodity
zinc
Region
canada
Reported Region
Northwest Territories, Canada
Ticker
TUF.V

Resource scope

Estimate type
resource
Effective date
2026-06-21T00:00:00.000Z
Reporting standards
ni_43_101, other
QP Signed
Yes
Qualified person names
Greg Mosher
Resource group id
resource:cde6751cdf5c13b04202
Mining method
underground
Ownership percent
100 %

Resource Data

Category
indicated
Tonnes
10644000
Grade
7.76
Grade Unit
%
Cutoff Grade
100
Cutoff Unit
g/t AgEq

Prior Estimate

Resource Date
2026-06-21

Metal Equivalent

Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-17T00:00:00.000Z

Reasoning: The Indicated resource for zinc shows a good grade over a significant tonnage, contributing to the overall resource confidence and polymetallic value.

Positive factors

  • Large tonnage in Indicated category
  • Good zinc grade of 7.76%

Evidence · table

“7.76”

Context: 10.644

Tags used in scoring

Indicated Resourcepositive

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

Why it applies: category is "indicated"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — 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 Compliantpositive

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

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

PEA-Supportingneutral

Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

DFS-Supportingneutral

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

indicatedPC Silver Mine · ageqTonnes: 11628000Grade: 424Grade Unit: g/tView all details
Link to this fact

Identity

Project
PC Silver Mine
Commodity
ageq
Region
canada
Reported Region
Northwest Territories, Canada
Ticker
TUF.V

Resource scope

Estimate type
resource
Effective date
2026-06-21T00:00:00.000Z
Reporting standards
ni_43_101, other
QP Signed
Yes
Qualified person names
Greg Mosher
Resource group id
resource:d05ebb45198b8bce4244
Mining method
underground
Ownership percent
100 %

Resource Data

Category
indicated
Tonnes
11628000
Grade
424
Grade Unit
g/t
Cutoff Grade
100
Cutoff Unit
g/t AgEq

Prior Estimate

Resource Date
2026-06-21

Metal Equivalent

Metal Eq. Grade
424
Metal Eq. Unit
g/t AgEq
Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-17T00:00:00.000Z

Reasoning: The combined Measured & Indicated resource provides a substantial and high-confidence resource base with a strong silver equivalent grade, underpinning the project's economic viability.

Positive factors

  • Large combined Measured & Indicated tonnage (11.628 Mt)
  • Strong AgEq grade of 424 g/t
  • High confidence resource base for economic studies

Evidence · table

“424”

Context: 11.628

Tags used in scoring

Indicated Resourcepositive

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

Why it applies: category is "indicated"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — 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 Compliantpositive

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

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

PEA-Supportingneutral

Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

DFS-Supportingneutral

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

indicatedPC Silver Mine · silverTonnes: 11628000Grade: 115Grade Unit: g/tView all details
Link to this fact

Identity

Project
PC Silver Mine
Commodity
silver
Region
canada
Reported Region
Northwest Territories, Canada
Ticker
TUF.V

Resource scope

Estimate type
resource
Effective date
2026-06-21T00:00:00.000Z
Reporting standards
ni_43_101, other
QP Signed
Yes
Qualified person names
Greg Mosher
Resource group id
resource:d05ebb45198b8bce4244
Mining method
underground
Ownership percent
100 %

Resource Data

Category
indicated
Tonnes
11628000
Grade
115
Grade Unit
g/t
Cutoff Grade
100
Cutoff Unit
g/t AgEq

Prior Estimate

Resource Date
2026-06-21

Metal Equivalent

Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-17T00:00:00.000Z

Reasoning: The combined Measured & Indicated resource for silver shows a good grade over a significant tonnage, contributing to the overall resource confidence.

Positive factors

  • Large combined Measured & Indicated tonnage
  • Good silver grade of 115 g/t

Evidence · table

“115”

Context: 11.628

Tags used in scoring

Indicated Resourcepositive

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

Why it applies: category is "indicated"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — 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 Compliantpositive

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

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

PEA-Supportingneutral

Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

DFS-Supportingneutral

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

indicatedPC Silver Mine · copperTonnes: 11628000Grade: 0.23Grade Unit: %View all details
Link to this fact

Identity

Project
PC Silver Mine
Commodity
copper
Region
canada
Reported Region
Northwest Territories, Canada
Ticker
TUF.V

Resource scope

Estimate type
resource
Effective date
2026-06-21T00:00:00.000Z
Reporting standards
ni_43_101, other
QP Signed
Yes
Qualified person names
Greg Mosher
Resource group id
resource:d05ebb45198b8bce4244
Mining method
underground
Ownership percent
100 %

Resource Data

Category
indicated
Tonnes
11628000
Grade
0.23
Grade Unit
%
Cutoff Grade
100
Cutoff Unit
g/t AgEq

Prior Estimate

Resource Date
2026-06-21

Metal Equivalent

Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-17T00:00:00.000Z

Reasoning: The combined Measured & Indicated resource for copper, while not high-grade, adds to the polymetallic nature of the deposit and is part of the overall resource base.

Positive factors

  • Large combined Measured & Indicated tonnage
  • Copper grade contributes to polymetallic value

Evidence · table

“0.23”

Context: 11.628

Tags used in scoring

Indicated Resourcepositive

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

Why it applies: category is "indicated"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — 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 Compliantpositive

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

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

PEA-Supportingneutral

Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

DFS-Supportingneutral

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

indicatedPC Silver Mine · leadTonnes: 11628000Grade: 7.19Grade Unit: %View all details
Link to this fact

Identity

Project
PC Silver Mine
Commodity
lead
Region
canada
Reported Region
Northwest Territories, Canada
Ticker
TUF.V

Resource scope

Estimate type
resource
Effective date
2026-06-21T00:00:00.000Z
Reporting standards
ni_43_101, other
QP Signed
Yes
Qualified person names
Greg Mosher
Resource group id
resource:d05ebb45198b8bce4244
Mining method
underground
Ownership percent
100 %

Resource Data

Category
indicated
Tonnes
11628000
Grade
7.19
Grade Unit
%
Cutoff Grade
100
Cutoff Unit
g/t AgEq

Prior Estimate

Resource Date
2026-06-21

Metal Equivalent

Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-17T00:00:00.000Z

Reasoning: The combined Measured & Indicated resource for lead shows a good grade over a significant tonnage, contributing to the overall resource confidence and polymetallic value.

Positive factors

  • Large combined Measured & Indicated tonnage
  • Good lead grade of 7.19%

Evidence · table

“7.19”

Context: 11.628

Tags used in scoring

Indicated Resourcepositive

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

Why it applies: category is "indicated"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — 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 Compliantpositive

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

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

PEA-Supportingneutral

Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

DFS-Supportingneutral

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

indicatedPC Silver Mine · antimonyTonnes: 11628000Grade: 997Grade Unit: ppmView all details
Link to this fact

Identity

Project
PC Silver Mine
Commodity
antimony
Region
canada
Reported Region
Northwest Territories, Canada
Ticker
TUF.V

Resource scope

Estimate type
resource
Effective date
2026-06-21T00:00:00.000Z
Reporting standards
ni_43_101, other
QP Signed
Yes
Qualified person names
Greg Mosher
Resource group id
resource:d05ebb45198b8bce4244
Mining method
underground
Ownership percent
100 %

Resource Data

Category
indicated
Tonnes
11628000
Grade
997
Grade Unit
ppm
Cutoff Grade
100
Cutoff Unit
g/t AgEq

Prior Estimate

Resource Date
2026-06-21

Metal Equivalent

Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-17T00:00:00.000Z

Reasoning: The combined Measured & Indicated resource for antimony, a critical mineral, adds to the potential value of the deposit, although its economic contribution is not yet fully quantified in the PEA.

Positive factors

  • Large combined Measured & Indicated tonnage
  • Antimony is a critical mineral and adds potential value

Evidence · table

“997”

Context: 11.628

Tags used in scoring

Indicated Resourcepositive

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

Why it applies: category is "indicated"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — 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 Compliantpositive

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

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

PEA-Supportingneutral

Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

DFS-Supportingneutral

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

indicatedPC Silver Mine · zincTonnes: 11628000Grade: 8.16Grade Unit: %View all details
Link to this fact

Identity

Project
PC Silver Mine
Commodity
zinc
Region
canada
Reported Region
Northwest Territories, Canada
Ticker
TUF.V

Resource scope

Estimate type
resource
Effective date
2026-06-21T00:00:00.000Z
Reporting standards
ni_43_101, other
QP Signed
Yes
Qualified person names
Greg Mosher
Resource group id
resource:d05ebb45198b8bce4244
Mining method
underground
Ownership percent
100 %

Resource Data

Category
indicated
Tonnes
11628000
Grade
8.16
Grade Unit
%
Cutoff Grade
100
Cutoff Unit
g/t AgEq

Prior Estimate

Resource Date
2026-06-21

Metal Equivalent

Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-17T00:00:00.000Z

Reasoning: The combined Measured & Indicated resource for zinc shows a good grade over a significant tonnage, contributing to the overall resource confidence and polymetallic value.

Positive factors

  • Large combined Measured & Indicated tonnage
  • Good zinc grade of 8.16%

Evidence · table

“8.16”

Context: 11.628

Tags used in scoring

Indicated Resourcepositive

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

Why it applies: category is "indicated"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — 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 Compliantpositive

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

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

PEA-Supportingneutral

Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

DFS-Supportingneutral

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

inferredPC Silver Mine · ageqTonnes: 8469000Grade: 492Grade Unit: g/tView all details
Link to this fact

Identity

Project
PC Silver Mine
Commodity
ageq
Region
canada
Reported Region
Northwest Territories, Canada
Ticker
TUF.V

Resource scope

Estimate type
resource
Effective date
2026-06-21T00:00:00.000Z
Reporting standards
ni_43_101, other
QP Signed
Yes
Qualified person names
Greg Mosher
Resource group id
resource:eb6fe3faadbb764976b8
Mining method
underground
Ownership percent
100 %

Resource Data

Category
inferred
Tonnes
8469000
Grade
492
Grade Unit
g/t
Cutoff Grade
100
Cutoff Unit
g/t AgEq

Prior Estimate

Resource Date
2026-06-21

Metal Equivalent

Metal Eq. Grade
492
Metal Eq. Unit
g/t AgEq
Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-17T00:00:00.000Z

Reasoning: The Inferred resource category provides significant upside potential with a high silver equivalent grade, but its speculative nature means it cannot be fully relied upon for economic studies without further drilling.

Positive factors

  • Significant tonnage in Inferred category (8.469 Mt)
  • High AgEq grade of 492 g/t

Negative factors

  • Inferred resources are considered too speculative geologically for economic studies

Evidence · table

“492”

Context: 8.469

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — 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 Compliantpositive

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

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

PEA-Supportingneutral

Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

DFS-Supportingneutral

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

inferredPC Silver Mine · silverTonnes: 8469000Grade: 130Grade Unit: g/tView all details
Link to this fact

Identity

Project
PC Silver Mine
Commodity
silver
Region
canada
Reported Region
Northwest Territories, Canada
Ticker
TUF.V

Resource scope

Estimate type
resource
Effective date
2026-06-21T00:00:00.000Z
Reporting standards
ni_43_101, other
QP Signed
Yes
Qualified person names
Greg Mosher
Resource group id
resource:eb6fe3faadbb764976b8
Mining method
underground
Ownership percent
100 %

Resource Data

Category
inferred
Tonnes
8469000
Grade
130
Grade Unit
g/t
Cutoff Grade
100
Cutoff Unit
g/t AgEq

Prior Estimate

Resource Date
2026-06-21

Metal Equivalent

Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-17T00:00:00.000Z

Reasoning: The Inferred resource for silver shows a good grade over a significant tonnage, but its speculative nature means it cannot be fully relied upon for economic studies without further drilling.

Positive factors

  • Significant tonnage in Inferred category
  • Good silver grade of 130 g/t

Negative factors

  • Inferred resources are considered too speculative geologically for economic studies

Evidence · table

“130”

Context: 8.469

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — 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 Compliantpositive

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

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

PEA-Supportingneutral

Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

DFS-Supportingneutral

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

inferredPC Silver Mine · copperTonnes: 8469000Grade: 0.33Grade Unit: %View all details
Link to this fact

Identity

Project
PC Silver Mine
Commodity
copper
Region
canada
Reported Region
Northwest Territories, Canada
Ticker
TUF.V

Resource scope

Estimate type
resource
Effective date
2026-06-21T00:00:00.000Z
Reporting standards
ni_43_101, other
QP Signed
Yes
Qualified person names
Greg Mosher
Resource group id
resource:eb6fe3faadbb764976b8
Mining method
underground
Ownership percent
100 %

Resource Data

Category
inferred
Tonnes
8469000
Grade
0.33
Grade Unit
%
Cutoff Grade
100
Cutoff Unit
g/t AgEq

Prior Estimate

Resource Date
2026-06-21

Metal Equivalent

Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-17T00:00:00.000Z

Reasoning: The Inferred resource for copper, while contributing to the polymetallic nature, is speculative and requires further work to confirm its economic viability.

Positive factors

  • Significant tonnage in Inferred category
  • Copper grade contributes to polymetallic value

Negative factors

  • Inferred resources are considered too speculative geologically for economic studies

Evidence · table

“0.33”

Context: 8.469

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — 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 Compliantpositive

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

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

PEA-Supportingneutral

Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

DFS-Supportingneutral

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

inferredPC Silver Mine · leadTonnes: 8469000Grade: 6.13Grade Unit: %View all details
Link to this fact

Identity

Project
PC Silver Mine
Commodity
lead
Region
canada
Reported Region
Northwest Territories, Canada
Ticker
TUF.V

Resource scope

Estimate type
resource
Effective date
2026-06-21T00:00:00.000Z
Reporting standards
ni_43_101, other
QP Signed
Yes
Qualified person names
Greg Mosher
Resource group id
resource:eb6fe3faadbb764976b8
Mining method
underground
Ownership percent
100 %

Resource Data

Category
inferred
Tonnes
8469000
Grade
6.13
Grade Unit
%
Cutoff Grade
100
Cutoff Unit
g/t AgEq

Prior Estimate

Resource Date
2026-06-21

Metal Equivalent

Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-17T00:00:00.000Z

Reasoning: The Inferred resource for lead shows a good grade over a significant tonnage, but its speculative nature means it cannot be fully relied upon for economic studies without further drilling.

Positive factors

  • Significant tonnage in Inferred category
  • Good lead grade of 6.13%

Negative factors

  • Inferred resources are considered too speculative geologically for economic studies

Evidence · table

“6.13”

Context: 8.469

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — 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 Compliantpositive

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

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

PEA-Supportingneutral

Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

DFS-Supportingneutral

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

inferredPC Silver Mine · antimonyTonnes: 8469000Grade: 1617Grade Unit: ppmView all details
Link to this fact

Identity

Project
PC Silver Mine
Commodity
antimony
Region
canada
Reported Region
Northwest Territories, Canada
Ticker
TUF.V

Resource scope

Estimate type
resource
Effective date
2026-06-21T00:00:00.000Z
Reporting standards
ni_43_101, other
QP Signed
Yes
Qualified person names
Greg Mosher
Resource group id
resource:eb6fe3faadbb764976b8
Mining method
underground
Ownership percent
100 %

Resource Data

Category
inferred
Tonnes
8469000
Grade
1617
Grade Unit
ppm
Cutoff Grade
100
Cutoff Unit
g/t AgEq

Prior Estimate

Resource Date
2026-06-21

Metal Equivalent

Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-17T00:00:00.000Z

Reasoning: The Inferred resource for antimony, a critical mineral, adds to the potential value of the deposit, but its speculative nature means it cannot be fully relied upon for economic studies without further drilling.

Positive factors

  • Significant tonnage in Inferred category
  • Antimony is a critical mineral and adds potential value

Negative factors

  • Inferred resources are considered too speculative geologically for economic studies

Evidence · table

“1,617”

Context: 8.469

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — 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 Compliantpositive

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

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

PEA-Supportingneutral

Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

DFS-Supportingneutral

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

inferredPC Silver Mine · zincTonnes: 8469000Grade: 11.03Grade Unit: %View all details
Link to this fact

Identity

Project
PC Silver Mine
Commodity
zinc
Region
canada
Reported Region
Northwest Territories, Canada
Ticker
TUF.V

Resource scope

Estimate type
resource
Effective date
2026-06-21T00:00:00.000Z
Reporting standards
ni_43_101, other
QP Signed
Yes
Qualified person names
Greg Mosher
Resource group id
resource:eb6fe3faadbb764976b8
Mining method
underground
Ownership percent
100 %

Resource Data

Category
inferred
Tonnes
8469000
Grade
11.03
Grade Unit
%
Cutoff Grade
100
Cutoff Unit
g/t AgEq

Prior Estimate

Resource Date
2026-06-21

Metal Equivalent

Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-17T00:00:00.000Z

Reasoning: The Inferred resource for zinc shows a high grade over a significant tonnage, but its speculative nature means it cannot be fully relied upon for economic studies without further drilling.

Positive factors

  • Significant tonnage in Inferred category
  • High zinc grade of 11.03%

Negative factors

  • Inferred resources are considered too speculative geologically for economic studies

Evidence · table

“11.03”

Context: 8.469

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — 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 Compliantpositive

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

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

PEA-Supportingneutral

Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

DFS-Supportingneutral

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

measuredPC Silver Mine · silverTonnes: 984000Grade: 194Grade Unit: g/tView all details
Link to this fact

Identity

Project
PC Silver Mine
Commodity
silver
Region
canada
Reported Region
Northwest Territories, Canada
Ticker
TUF.V

Resource scope

Estimate type
resource
Effective date
2026-08-31T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Greg Mosher
Resource group id
resource:fa4c840fb1da09f9031f
Mining method
underground
Ownership percent
100 %

Resource Data

Category
measured
Tonnes
984000
Grade
194
Grade Unit
g/t
Cutoff Grade
100
Cutoff Unit
g/t AgEq

Prior Estimate

Resource Date
2026-06-21

Metal Equivalent

Metal Eq. Grade
663
Metal Eq. Unit
g/t AgEq
Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-17T00:00:00.000Z

Reasoning: The Measured resource category indicates high geological confidence with a strong silver equivalent grade, contributing positively to the overall resource update. (Expanded from multi-commodity resource table for completeness.)

Positive factors

  • Highest confidence category (Measured)
  • High AgEq grade of 663 g/t

Evidence · table

“194”

Context: 0.984

Tags used in scoring

Measured Resourcepositive

Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.

Why it applies: category is "measured"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — 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 Compliantpositive

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

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

PEA-Supportingneutral

Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

DFS-Supportingneutral

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

measuredPC Silver Mine · copperTonnes: 984000Grade: 0.37Grade Unit: %View all details
Link to this fact

Identity

Project
PC Silver Mine
Commodity
copper
Region
canada
Reported Region
Northwest Territories, Canada
Ticker
TUF.V

Resource scope

Estimate type
resource
Effective date
2026-08-31T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Greg Mosher
Resource group id
resource:fa4c840fb1da09f9031f
Mining method
underground
Ownership percent
100 %

Resource Data

Category
measured
Tonnes
984000
Grade
0.37
Grade Unit
%
Cutoff Grade
100
Cutoff Unit
g/t AgEq

Prior Estimate

Resource Date
2026-06-21

Metal Equivalent

Metal Eq. Grade
663
Metal Eq. Unit
g/t AgEq
Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-17T00:00:00.000Z

Reasoning: The Measured resource category indicates high geological confidence with a strong silver equivalent grade, contributing positively to the overall resource update. (Expanded from multi-commodity resource table for completeness.)

Positive factors

  • Highest confidence category (Measured)
  • High AgEq grade of 663 g/t

Evidence · table

“0.37”

Context: 0.984

Tags used in scoring

Measured Resourcepositive

Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.

Why it applies: category is "measured"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — 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 Compliantpositive

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

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

PEA-Supportingneutral

Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

DFS-Supportingneutral

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

measuredPC Silver Mine · leadTonnes: 984000Grade: 10.49Grade Unit: %View all details
Link to this fact

Identity

Project
PC Silver Mine
Commodity
lead
Region
canada
Reported Region
Northwest Territories, Canada
Ticker
TUF.V

Resource scope

Estimate type
resource
Effective date
2026-08-31T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Greg Mosher
Resource group id
resource:fa4c840fb1da09f9031f
Mining method
underground
Ownership percent
100 %

Resource Data

Category
measured
Tonnes
984000
Grade
10.49
Grade Unit
%
Cutoff Grade
100
Cutoff Unit
g/t AgEq

Prior Estimate

Resource Date
2026-06-21

Metal Equivalent

Metal Eq. Grade
663
Metal Eq. Unit
g/t AgEq
Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-17T00:00:00.000Z

Reasoning: The Measured resource category indicates high geological confidence with a strong silver equivalent grade, contributing positively to the overall resource update. (Expanded from multi-commodity resource table for completeness.)

Positive factors

  • Highest confidence category (Measured)
  • High AgEq grade of 663 g/t

Evidence · table

“10.49”

Context: 0.984

Tags used in scoring

Measured Resourcepositive

Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.

Why it applies: category is "measured"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — 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 Compliantpositive

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

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

PEA-Supportingneutral

Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

DFS-Supportingneutral

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

measuredPC Silver Mine · zincTonnes: 984000Grade: 12.56Grade Unit: %View all details
Link to this fact

Identity

Project
PC Silver Mine
Commodity
zinc
Region
canada
Reported Region
Northwest Territories, Canada
Ticker
TUF.V

Resource scope

Estimate type
resource
Effective date
2026-08-31T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Greg Mosher
Resource group id
resource:fa4c840fb1da09f9031f
Mining method
underground
Ownership percent
100 %

Resource Data

Category
measured
Tonnes
984000
Grade
12.56
Grade Unit
%
Cutoff Grade
100
Cutoff Unit
g/t AgEq

Prior Estimate

Resource Date
2026-06-21

Metal Equivalent

Metal Eq. Grade
663
Metal Eq. Unit
g/t AgEq
Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-17T00:00:00.000Z

Reasoning: The Measured resource category indicates high geological confidence with a strong silver equivalent grade, contributing positively to the overall resource update. (Expanded from multi-commodity resource table for completeness.)

Positive factors

  • Highest confidence category (Measured)
  • High AgEq grade of 663 g/t

Evidence · table

“12.56”

Context: 0.984

Tags used in scoring

Measured Resourcepositive

Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.

Why it applies: category is "measured"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — 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 Compliantpositive

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

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

PEA-Supportingneutral

Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

DFS-Supportingneutral

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

indicatedPC Silver Mine · silverTonnes: 10644000Grade: 108Grade Unit: g/tView all details
Link to this fact

Identity

Project
PC Silver Mine
Commodity
silver
Region
canada
Reported Region
Northwest Territories, Canada
Ticker
TUF.V

Resource scope

Estimate type
resource
Effective date
2026-08-31T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Greg Mosher
Resource group id
resource:79173b377d0fb3b57563
Mining method
underground
Ownership percent
100 %

Resource Data

Category
indicated
Tonnes
10644000
Grade
108
Grade Unit
g/t
Cutoff Grade
100
Cutoff Unit
g/t AgEq

Prior Estimate

Resource Date
2026-06-21

Metal Equivalent

Metal Eq. Grade
402
Metal Eq. Unit
g/t AgEq
Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-17T00:00:00.000Z

Reasoning: The Indicated resource category represents a substantial portion of the resource with a strong silver equivalent grade, providing good geological confidence for future studies. (Expanded from multi-commodity resource table for completeness.)

Positive factors

  • Large tonnage in Indicated category (10.644 Mt)
  • Strong AgEq grade of 402 g/t

Evidence · table

“108”

Context: 10.644

Tags used in scoring

Indicated Resourcepositive

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

Why it applies: category is "indicated"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — 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 Compliantpositive

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

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

PEA-Supportingneutral

Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

DFS-Supportingneutral

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

indicatedPC Silver Mine · copperTonnes: 10644000Grade: 0.21Grade Unit: %View all details
Link to this fact

Identity

Project
PC Silver Mine
Commodity
copper
Region
canada
Reported Region
Northwest Territories, Canada
Ticker
TUF.V

Resource scope

Estimate type
resource
Effective date
2026-08-31T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Greg Mosher
Resource group id
resource:79173b377d0fb3b57563
Mining method
underground
Ownership percent
100 %

Resource Data

Category
indicated
Tonnes
10644000
Grade
0.21
Grade Unit
%
Cutoff Grade
100
Cutoff Unit
g/t AgEq

Prior Estimate

Resource Date
2026-06-21

Metal Equivalent

Metal Eq. Grade
402
Metal Eq. Unit
g/t AgEq
Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-17T00:00:00.000Z

Reasoning: The Indicated resource category represents a substantial portion of the resource with a strong silver equivalent grade, providing good geological confidence for future studies. (Expanded from multi-commodity resource table for completeness.)

Positive factors

  • Large tonnage in Indicated category (10.644 Mt)
  • Strong AgEq grade of 402 g/t

Evidence · table

“0.21”

Context: 10.644

Tags used in scoring

Indicated Resourcepositive

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

Why it applies: category is "indicated"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — 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 Compliantpositive

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

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

PEA-Supportingneutral

Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

DFS-Supportingneutral

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

indicatedPC Silver Mine · leadTonnes: 10644000Grade: 6.88Grade Unit: %View all details
Link to this fact

Identity

Project
PC Silver Mine
Commodity
lead
Region
canada
Reported Region
Northwest Territories, Canada
Ticker
TUF.V

Resource scope

Estimate type
resource
Effective date
2026-08-31T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Greg Mosher
Resource group id
resource:79173b377d0fb3b57563
Mining method
underground
Ownership percent
100 %

Resource Data

Category
indicated
Tonnes
10644000
Grade
6.88
Grade Unit
%
Cutoff Grade
100
Cutoff Unit
g/t AgEq

Prior Estimate

Resource Date
2026-06-21

Metal Equivalent

Metal Eq. Grade
402
Metal Eq. Unit
g/t AgEq
Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-17T00:00:00.000Z

Reasoning: The Indicated resource category represents a substantial portion of the resource with a strong silver equivalent grade, providing good geological confidence for future studies. (Expanded from multi-commodity resource table for completeness.)

Positive factors

  • Large tonnage in Indicated category (10.644 Mt)
  • Strong AgEq grade of 402 g/t

Evidence · table

“6.88”

Context: 10.644

Tags used in scoring

Indicated Resourcepositive

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

Why it applies: category is "indicated"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — 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 Compliantpositive

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

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

PEA-Supportingneutral

Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

DFS-Supportingneutral

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

indicatedPC Silver Mine · zincTonnes: 10644000Grade: 7.76Grade Unit: %View all details
Link to this fact

Identity

Project
PC Silver Mine
Commodity
zinc
Region
canada
Reported Region
Northwest Territories, Canada
Ticker
TUF.V

Resource scope

Estimate type
resource
Effective date
2026-08-31T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Greg Mosher
Resource group id
resource:79173b377d0fb3b57563
Mining method
underground
Ownership percent
100 %

Resource Data

Category
indicated
Tonnes
10644000
Grade
7.76
Grade Unit
%
Cutoff Grade
100
Cutoff Unit
g/t AgEq

Prior Estimate

Resource Date
2026-06-21

Metal Equivalent

Metal Eq. Grade
402
Metal Eq. Unit
g/t AgEq
Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-17T00:00:00.000Z

Reasoning: The Indicated resource category represents a substantial portion of the resource with a strong silver equivalent grade, providing good geological confidence for future studies. (Expanded from multi-commodity resource table for completeness.)

Positive factors

  • Large tonnage in Indicated category (10.644 Mt)
  • Strong AgEq grade of 402 g/t

Evidence · table

“7.76”

Context: 10.644

Tags used in scoring

Indicated Resourcepositive

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

Why it applies: category is "indicated"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — 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 Compliantpositive

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

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

PEA-Supportingneutral

Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

DFS-Supportingneutral

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

indicatedPC Silver Mine · silverTonnes: 11628000Grade: 115Grade Unit: g/tView all details
Link to this fact

Identity

Project
PC Silver Mine
Commodity
silver
Region
canada
Reported Region
Northwest Territories, Canada
Ticker
TUF.V

Resource scope

Estimate type
resource
Effective date
2026-08-31T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Greg Mosher
Resource group id
resource:d8f1e8a003a3af614e0b
Mining method
underground
Ownership percent
100 %

Resource Data

Category
indicated
Tonnes
11628000
Grade
115
Grade Unit
g/t
Cutoff Grade
100
Cutoff Unit
g/t AgEq

Prior Estimate

Resource Date
2026-06-21

Metal Equivalent

Metal Eq. Grade
424
Metal Eq. Unit
g/t AgEq
Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-17T00:00:00.000Z

Reasoning: The combined Measured & Indicated resource provides a substantial and high-confidence resource base with a strong silver equivalent grade, underpinning the project's economic viability. (Expanded from multi-commodity resource table for completeness.)

Positive factors

  • Large combined Measured & Indicated tonnage (11.628 Mt)
  • Strong AgEq grade of 424 g/t
  • High confidence resource base for economic studies

Evidence · table

“115”

Context: 11.628

Tags used in scoring

Indicated Resourcepositive

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

Why it applies: category is "indicated"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — 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 Compliantpositive

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

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

PEA-Supportingneutral

Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

DFS-Supportingneutral

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

indicatedPC Silver Mine · copperTonnes: 11628000Grade: 0.23Grade Unit: %View all details
Link to this fact

Identity

Project
PC Silver Mine
Commodity
copper
Region
canada
Reported Region
Northwest Territories, Canada
Ticker
TUF.V

Resource scope

Estimate type
resource
Effective date
2026-08-31T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Greg Mosher
Resource group id
resource:d8f1e8a003a3af614e0b
Mining method
underground
Ownership percent
100 %

Resource Data

Category
indicated
Tonnes
11628000
Grade
0.23
Grade Unit
%
Cutoff Grade
100
Cutoff Unit
g/t AgEq

Prior Estimate

Resource Date
2026-06-21

Metal Equivalent

Metal Eq. Grade
424
Metal Eq. Unit
g/t AgEq
Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-17T00:00:00.000Z

Reasoning: The combined Measured & Indicated resource provides a substantial and high-confidence resource base with a strong silver equivalent grade, underpinning the project's economic viability. (Expanded from multi-commodity resource table for completeness.)

Positive factors

  • Large combined Measured & Indicated tonnage (11.628 Mt)
  • Strong AgEq grade of 424 g/t
  • High confidence resource base for economic studies

Evidence · table

“0.23”

Context: 11.628

Tags used in scoring

Indicated Resourcepositive

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

Why it applies: category is "indicated"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — 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 Compliantpositive

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

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

PEA-Supportingneutral

Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

DFS-Supportingneutral

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

indicatedPC Silver Mine · leadTonnes: 11628000Grade: 7.19Grade Unit: %View all details
Link to this fact

Identity

Project
PC Silver Mine
Commodity
lead
Region
canada
Reported Region
Northwest Territories, Canada
Ticker
TUF.V

Resource scope

Estimate type
resource
Effective date
2026-08-31T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Greg Mosher
Resource group id
resource:d8f1e8a003a3af614e0b
Mining method
underground
Ownership percent
100 %

Resource Data

Category
indicated
Tonnes
11628000
Grade
7.19
Grade Unit
%
Cutoff Grade
100
Cutoff Unit
g/t AgEq

Prior Estimate

Resource Date
2026-06-21

Metal Equivalent

Metal Eq. Grade
424
Metal Eq. Unit
g/t AgEq
Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-17T00:00:00.000Z

Reasoning: The combined Measured & Indicated resource provides a substantial and high-confidence resource base with a strong silver equivalent grade, underpinning the project's economic viability. (Expanded from multi-commodity resource table for completeness.)

Positive factors

  • Large combined Measured & Indicated tonnage (11.628 Mt)
  • Strong AgEq grade of 424 g/t
  • High confidence resource base for economic studies

Evidence · table

“7.19”

Context: 11.628

Tags used in scoring

Indicated Resourcepositive

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

Why it applies: category is "indicated"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — 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 Compliantpositive

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

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

PEA-Supportingneutral

Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

DFS-Supportingneutral

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

indicatedPC Silver Mine · zincTonnes: 11628000Grade: 8.16Grade Unit: %View all details
Link to this fact

Identity

Project
PC Silver Mine
Commodity
zinc
Region
canada
Reported Region
Northwest Territories, Canada
Ticker
TUF.V

Resource scope

Estimate type
resource
Effective date
2026-08-31T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Greg Mosher
Resource group id
resource:d8f1e8a003a3af614e0b
Mining method
underground
Ownership percent
100 %

Resource Data

Category
indicated
Tonnes
11628000
Grade
8.16
Grade Unit
%
Cutoff Grade
100
Cutoff Unit
g/t AgEq

Prior Estimate

Resource Date
2026-06-21

Metal Equivalent

Metal Eq. Grade
424
Metal Eq. Unit
g/t AgEq
Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-17T00:00:00.000Z

Reasoning: The combined Measured & Indicated resource provides a substantial and high-confidence resource base with a strong silver equivalent grade, underpinning the project's economic viability. (Expanded from multi-commodity resource table for completeness.)

Positive factors

  • Large combined Measured & Indicated tonnage (11.628 Mt)
  • Strong AgEq grade of 424 g/t
  • High confidence resource base for economic studies

Evidence · table

“8.16”

Context: 11.628

Tags used in scoring

Indicated Resourcepositive

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

Why it applies: category is "indicated"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — 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 Compliantpositive

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

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

PEA-Supportingneutral

Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

DFS-Supportingneutral

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

inferredPC Silver Mine · silverTonnes: 8469000Grade: 130Grade Unit: g/tView all details
Link to this fact

Identity

Project
PC Silver Mine
Commodity
silver
Region
canada
Reported Region
Northwest Territories, Canada
Ticker
TUF.V

Resource scope

Estimate type
resource
Effective date
2026-08-31T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Greg Mosher
Resource group id
resource:ba98e981ca47cfd1a828
Mining method
underground
Ownership percent
100 %

Resource Data

Category
inferred
Tonnes
8469000
Grade
130
Grade Unit
g/t
Cutoff Grade
100
Cutoff Unit
g/t AgEq

Prior Estimate

Resource Date
2026-06-21

Metal Equivalent

Metal Eq. Grade
492
Metal Eq. Unit
g/t AgEq
Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-17T00:00:00.000Z

Reasoning: The Inferred resource category provides significant upside potential with a high silver equivalent grade, but its speculative nature means it cannot be fully relied upon for economic studies without further drilling. (Expanded from multi-commodity resource table for completeness.)

Positive factors

  • Significant tonnage in Inferred category (8.469 Mt)
  • High AgEq grade of 492 g/t

Negative factors

  • Inferred resources are considered too speculative geologically for economic studies

Evidence · table

“130”

Context: 8.469

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — 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 Compliantpositive

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

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

PEA-Supportingneutral

Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

DFS-Supportingneutral

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

inferredPC Silver Mine · copperTonnes: 8469000Grade: 0.33Grade Unit: %View all details
Link to this fact

Identity

Project
PC Silver Mine
Commodity
copper
Region
canada
Reported Region
Northwest Territories, Canada
Ticker
TUF.V

Resource scope

Estimate type
resource
Effective date
2026-08-31T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Greg Mosher
Resource group id
resource:ba98e981ca47cfd1a828
Mining method
underground
Ownership percent
100 %

Resource Data

Category
inferred
Tonnes
8469000
Grade
0.33
Grade Unit
%
Cutoff Grade
100
Cutoff Unit
g/t AgEq

Prior Estimate

Resource Date
2026-06-21

Metal Equivalent

Metal Eq. Grade
492
Metal Eq. Unit
g/t AgEq
Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-17T00:00:00.000Z

Reasoning: The Inferred resource category provides significant upside potential with a high silver equivalent grade, but its speculative nature means it cannot be fully relied upon for economic studies without further drilling. (Expanded from multi-commodity resource table for completeness.)

Positive factors

  • Significant tonnage in Inferred category (8.469 Mt)
  • High AgEq grade of 492 g/t

Negative factors

  • Inferred resources are considered too speculative geologically for economic studies

Evidence · table

“0.33”

Context: 8.469

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — 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 Compliantpositive

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

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

PEA-Supportingneutral

Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

DFS-Supportingneutral

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

inferredPC Silver Mine · leadTonnes: 8469000Grade: 6.13Grade Unit: %View all details
Link to this fact

Identity

Project
PC Silver Mine
Commodity
lead
Region
canada
Reported Region
Northwest Territories, Canada
Ticker
TUF.V

Resource scope

Estimate type
resource
Effective date
2026-08-31T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Greg Mosher
Resource group id
resource:ba98e981ca47cfd1a828
Mining method
underground
Ownership percent
100 %

Resource Data

Category
inferred
Tonnes
8469000
Grade
6.13
Grade Unit
%
Cutoff Grade
100
Cutoff Unit
g/t AgEq

Prior Estimate

Resource Date
2026-06-21

Metal Equivalent

Metal Eq. Grade
492
Metal Eq. Unit
g/t AgEq
Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-17T00:00:00.000Z

Reasoning: The Inferred resource category provides significant upside potential with a high silver equivalent grade, but its speculative nature means it cannot be fully relied upon for economic studies without further drilling. (Expanded from multi-commodity resource table for completeness.)

Positive factors

  • Significant tonnage in Inferred category (8.469 Mt)
  • High AgEq grade of 492 g/t

Negative factors

  • Inferred resources are considered too speculative geologically for economic studies

Evidence · table

“6.13”

Context: 8.469

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — 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 Compliantpositive

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

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

PEA-Supportingneutral

Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

DFS-Supportingneutral

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

inferredPC Silver Mine · zincTonnes: 8469000Grade: 11.03Grade Unit: %View all details
Link to this fact

Identity

Project
PC Silver Mine
Commodity
zinc
Region
canada
Reported Region
Northwest Territories, Canada
Ticker
TUF.V

Resource scope

Estimate type
resource
Effective date
2026-08-31T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Greg Mosher
Resource group id
resource:ba98e981ca47cfd1a828
Mining method
underground
Ownership percent
100 %

Resource Data

Category
inferred
Tonnes
8469000
Grade
11.03
Grade Unit
%
Cutoff Grade
100
Cutoff Unit
g/t AgEq

Prior Estimate

Resource Date
2026-06-21

Metal Equivalent

Metal Eq. Grade
492
Metal Eq. Unit
g/t AgEq
Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-17T00:00:00.000Z

Reasoning: The Inferred resource category provides significant upside potential with a high silver equivalent grade, but its speculative nature means it cannot be fully relied upon for economic studies without further drilling. (Expanded from multi-commodity resource table for completeness.)

Positive factors

  • Significant tonnage in Inferred category (8.469 Mt)
  • High AgEq grade of 492 g/t

Negative factors

  • Inferred resources are considered too speculative geologically for economic studies

Evidence · table

“11.03”

Context: 8.469

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — 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 Compliantpositive

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

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

PEA-Supportingneutral

Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

DFS-Supportingneutral

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

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.