# Minaurum Announces Initial Resource Estimate at Alamos Silver Project of 55 Million Ounces AgEq Grading 320 g/t AgEq Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/minaurum-announces-initial-resource-estimate-at-alamos-silver-project-of-55-mill--a3922b41-6179-45f5-b681-96811635ba0b Original source: https://money.tmx.com/en/quote/MGG/news/5514990247518273/minaurum-announces-initial-resource-estimate-at-alamos-silver-project-of-55-mill Publisher: tmx Original announcement: 2026-01-28T16:15:00.000Z Analysis by Minestarters Atlas Atlas analysis published: Unknown date Atlas analysis updated: Unknown date - Company: Minaurum Silver Inc. - Ticker: MGG - Exchange: TSX - Region: Sonora, Mexico - Primary commodity: Silver - Secondary commodities: Gold, Copper, Lead, Zinc - Document categories: Resource update - Extracted: 2026-09-16 10:55:29 UTC Narrative sentiment: 0.70 · Bullish ## Minestarters Atlas summary Minaurum Silver has announced an initial Inferred Mineral Resource Estimate for its 100%-owned Alamos Silver Project in Sonora, Mexico. The estimate totals 5.37 million tonnes grading 320 g/t silver equivalent \(AgEq\), containing 55.2 million ounces of AgEq. The resource, based on 104 drill holes, is open along strike and at depth, with an ongoing 50,000-meter drill program aimed at expansion. Reasoning: Minaurum Silver announced a maiden Inferred Mineral Resource Estimate for its Alamos Silver Project, outlining 55.2 million ounces of silver equivalent at a high grade of 320 g/t AgEq. The estimate is NI 43-101 compliant, QP signed, and shows significant potential for expansion, though it is entirely in the Inferred category. - Positive factor: Maiden Resource - Positive factor: High Grade - Positive factor: Open for Expansion - Positive factor: NI 43-101 Compliant - Positive factor: QP Signed - Positive factor: Metal Equivalent Assumptions Disclosed - Positive factor: Cut-off Disclosed - Negative factor: All Inferred Facts used in scoring: 80 ## Classification and evidence **Maiden Resource** Polarity: neutral Definition: First formal MRE for the project — establishes baseline but typically exploration-stage with high Inferred component. No prior estimate exists, so every change band is not applicable. Why it applies: The document explicitly states 'Initial Resource Estimate' and 'maiden Inferred Mineral Resource Estimate'. Evidence · text > Minaurum Announces Initial Resource Estimate at Alamos Silver Project **High Grade** Polarity: positive Story-specific tag Definition: No canonical definition is currently available. Why it applies: The overall silver equivalent grade of 320 g/t AgEq is exceptional for an epithermal silver deposit. Evidence · text > 55 Million Ounces AgEq Grading 320 g/t AgEq **Open for Expansion** Polarity: positive Story-specific tag Definition: No canonical definition is currently available. Why it applies: The resource is stated to be 'open along strike and at depth' with an ongoing 'resource expansion drill program'. Evidence · text > The resource is open along strike and at depth, offering significant potential for expansion through the ongoing Phase II 50,000 m resource expansion drill program. **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: The resource estimate explicitly states compliance with NI 43-101 standards. Evidence · text > The Resource Estimate conforms with the requirements of NI 43-101 - Standards of Disclosure for Mineral Projects **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: Michael G. Hester is named as the Qualified Person responsible for the estimate. Evidence · text > The Mineral Resources for the Alamos Project disclosed in this news release have been estimated by Michael G. Hester, FAusIMMVice President of Independent Mining Consultants, Inc. and independent of Minaurum. Mr. Hester is a Qualified Person as defined in NI 43-101. **Metal Equivalent Opaque** Polarity: positive Story-specific tag Definition: Metal equivalent grade reported without disclosing the price, recovery, or payability assumptions used. Requires an actual metal equivalent grade; a combined elemental basket such as PGE is not a metal equivalent. Why it applies: The metal equivalent grade is reported with detailed assumptions for metal prices, recoveries, and refinery payables. Evidence · text > Weight-averaged silver-equivalent \("AgEq"\) grades are based on the October 1, 2025 long-term CIBC Global Mining Group Analyst Consensus Commodity Price Forecast, using metal prices of US$29.73/oz Ag, US$2,646/oz Au, US$4.34/lb Cu, US$0.92/lb Pb, and US$1.21/lb Zn. Metal recovery assumptions, based on comparable projects, are 88.3% Ag, 75.0% Au, 75.5% Cu, 83.1% Pb, and 75.5% Zn. Assumed refinery payables are 95% Ag, 95% Au, 96.5% Cu, 95% Pb, and 85% Zn. **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: The resource estimate clearly states a cut-off grade of 150 g/t AgEq. Evidence · text > The Resource Estimate is reported at a cut-off grade of 150 g/t AgEq. **All Inferred** Polarity: negative Definition: M&I share below the weak bound — very early stage, no engineering confidence. Why it applies: The document explicitly states that the resource estimate is 'entirely classified as Inferred Mineral Resources'. Evidence · text > The Resource Estimate is entirely classified as Inferred Mineral Resources. ## Extracted facts Stored fact records: 80. Some facts used in scoring do not have a stored record. ## Resource Estimates (80) ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/minaurum-announces-initial-resource-estimate-at-alamos-silver-project-of-55-mill--a3922b41-6179-45f5-b681-96811635ba0b#fact-resource-facts-0) Alamos Silver Project · silver #### Identity - Project: Alamos Silver Project - Commodity: silver - Region: mexico - Reported Region: Sonora, Mexico - Ticker: MGG #### Resource scope - Estimate type: resource - Effective date: 2026-01-08T00:00:00.000Z - Reporting standards: ni\_43\_101, other - QP Signed: Yes - Qualified person names: Michael G. Hester - Resource group id: resource:e5ddbb0556526c2346de - Deposit or zone: Veta Grande - Mining method: underground - Ownership percent: 100 % - Resource basis: gross #### Resource Data - Category: inferred - Tonnes: 1835000 - Grade: 138 - Grade Unit: g/t - Contained Metal: 8142 - Contained Unit: koz - Cutoff Grade: 150 - Cutoff Unit: g/t AgEq #### Prior Estimate - Resource Date: 2026-01-08 #### Metal Equivalent - Metal Eq. Grade: 281 - Metal Eq. Unit: g/t AgEq - Assumptions Disclosed: Yes #### Lab - Laboratory: ALS Chemex and ActLabs #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-28T00:00:00.000Z Reasoning: This is a high-grade silver component of the maiden Inferred resource for the Veta Grande zone, contributing significantly to the overall project. - Positive factor: Maiden Resource - Positive factor: High Grade - Positive factor: NI 43-101 Compliant - Positive factor: QP Signed - Positive factor: Metal Equivalent Assumptions Disclosed - Positive factor: Cut-off Disclosed - Negative factor: All Inferred Evidence · table > 138 Context: 1,835 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/minaurum-announces-initial-resource-estimate-at-alamos-silver-project-of-55-mill--a3922b41-6179-45f5-b681-96811635ba0b#fact-resource-facts-1) Alamos Silver Project · gold #### Identity - Project: Alamos Silver Project - Commodity: gold - Region: mexico - Reported Region: Sonora, Mexico - Ticker: MGG #### Resource scope - Estimate type: resource - Effective date: 2026-01-08T00:00:00.000Z - Reporting standards: ni\_43\_101, other - QP Signed: Yes - Qualified person names: Michael G. Hester - Resource group id: resource:e5ddbb0556526c2346de - Deposit or zone: Veta Grande - Mining method: underground - Ownership percent: 100 % - Resource basis: gross #### Resource Data - Category: inferred - Tonnes: 1835000 - Grade: 0.31 - Grade Unit: g/t - Contained Metal: 17.99 - Contained Unit: koz - Cutoff Grade: 150 - Cutoff Unit: g/t AgEq #### Prior Estimate - Resource Date: 2026-01-08 #### Metal Equivalent - Metal Eq. Grade: 281 - Metal Eq. Unit: g/t AgEq - Assumptions Disclosed: Yes #### Lab - Laboratory: ALS Chemex and ActLabs #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-28T00:00:00.000Z Reasoning: Gold is a byproduct in the Veta Grande zone of the maiden Inferred resource, contributing to the overall AgEq grade. - Positive factor: Maiden Resource - Positive factor: NI 43-101 Compliant - Positive factor: QP Signed - Positive factor: Metal Equivalent Assumptions Disclosed - Positive factor: Cut-off Disclosed - Negative factor: All Inferred Evidence · table > 0.31 Context: 1,835 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/minaurum-announces-initial-resource-estimate-at-alamos-silver-project-of-55-mill--a3922b41-6179-45f5-b681-96811635ba0b#fact-resource-facts-2) Alamos Silver Project · copper #### Identity - Project: Alamos Silver Project - Commodity: copper - Region: mexico - Reported Region: Sonora, Mexico - Ticker: MGG #### Resource scope - Estimate type: resource - Effective date: 2026-01-08T00:00:00.000Z - Reporting standards: ni\_43\_101, other - QP Signed: Yes - Qualified person names: Michael G. Hester - Resource group id: resource:e5ddbb0556526c2346de - Deposit or zone: Veta Grande - Mining method: underground - Ownership percent: 100 % - Resource basis: gross #### Resource Data - Category: inferred - Tonnes: 1835000 - Grade: 0.4 - Grade Unit: % - Contained Metal: 16060 - Contained Unit: klbs - Cutoff Grade: 150 - Cutoff Unit: g/t AgEq #### Prior Estimate - Resource Date: 2026-01-08 #### Metal Equivalent - Metal Eq. Grade: 281 - Metal Eq. Unit: g/t AgEq - Assumptions Disclosed: Yes #### Lab - Laboratory: ALS Chemex and ActLabs #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-28T00:00:00.000Z Reasoning: Copper is a byproduct in the Veta Grande zone of the maiden Inferred resource, contributing to the overall AgEq grade. - Positive factor: Maiden Resource - Positive factor: NI 43-101 Compliant - Positive factor: QP Signed - Positive factor: Metal Equivalent Assumptions Disclosed - Positive factor: Cut-off Disclosed - Negative factor: All Inferred Evidence · table > 0.40 Context: 1,835 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/minaurum-announces-initial-resource-estimate-at-alamos-silver-project-of-55-mill--a3922b41-6179-45f5-b681-96811635ba0b#fact-resource-facts-3) Alamos Silver Project · lead #### Identity - Project: Alamos Silver Project - Commodity: lead - Region: mexico - Reported Region: Sonora, Mexico - Ticker: MGG #### Resource scope - Estimate type: resource - Effective date: 2026-01-08T00:00:00.000Z - Reporting standards: ni\_43\_101, other - QP Signed: Yes - Qualified person names: Michael G. Hester - Resource group id: resource:e5ddbb0556526c2346de - Deposit or zone: Veta Grande - Mining method: underground - Ownership percent: 100 % - Resource basis: gross #### Resource Data - Category: inferred - Tonnes: 1835000 - Grade: 1.11 - Grade Unit: % - Contained Metal: 44904 - Contained Unit: klbs - Cutoff Grade: 150 - Cutoff Unit: g/t AgEq #### Prior Estimate - Resource Date: 2026-01-08 #### Metal Equivalent - Metal Eq. Grade: 281 - Metal Eq. Unit: g/t AgEq - Assumptions Disclosed: Yes #### Lab - Laboratory: ALS Chemex and ActLabs #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-28T00:00:00.000Z Reasoning: Lead is a byproduct in the Veta Grande zone of the maiden Inferred resource, contributing to the overall AgEq grade. - Positive factor: Maiden Resource - Positive factor: NI 43-101 Compliant - Positive factor: QP Signed - Positive factor: Metal Equivalent Assumptions Disclosed - Positive factor: Cut-off Disclosed - Negative factor: All Inferred Evidence · table > 1.11 Context: 1,835 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/minaurum-announces-initial-resource-estimate-at-alamos-silver-project-of-55-mill--a3922b41-6179-45f5-b681-96811635ba0b#fact-resource-facts-4) Alamos Silver Project · zinc #### Identity - Project: Alamos Silver Project - Commodity: zinc - Region: mexico - Reported Region: Sonora, Mexico - Ticker: MGG #### Resource scope - Estimate type: resource - Effective date: 2026-01-08T00:00:00.000Z - Reporting standards: ni\_43\_101, other - QP Signed: Yes - Qualified person names: Michael G. Hester - Resource group id: resource:e5ddbb0556526c2346de - Deposit or zone: Veta Grande - Mining method: underground - Ownership percent: 100 % - Resource basis: gross #### Resource Data - Category: inferred - Tonnes: 1835000 - Grade: 2.8 - Grade Unit: % - Contained Metal: 113272 - Contained Unit: klbs - Cutoff Grade: 150 - Cutoff Unit: g/t AgEq #### Prior Estimate - Resource Date: 2026-01-08 #### Metal Equivalent - Metal Eq. Grade: 281 - Metal Eq. Unit: g/t AgEq - Assumptions Disclosed: Yes #### Lab - Laboratory: ALS Chemex and ActLabs #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-28T00:00:00.000Z Reasoning: Zinc is a byproduct in the Veta Grande zone of the maiden Inferred resource, contributing to the overall AgEq grade. - Positive factor: Maiden Resource - Positive factor: NI 43-101 Compliant - Positive factor: QP Signed - Positive factor: Metal Equivalent Assumptions Disclosed - Positive factor: Cut-off Disclosed - Negative factor: All Inferred Evidence · table > 2.80 Context: 1,835 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/minaurum-announces-initial-resource-estimate-at-alamos-silver-project-of-55-mill--a3922b41-6179-45f5-b681-96811635ba0b#fact-resource-facts-5) Alamos Silver Project · silver #### Identity - Project: Alamos Silver Project - Commodity: silver - Region: mexico - Reported Region: Sonora, Mexico - Ticker: MGG #### Resource scope - Estimate type: resource - Effective date: 2026-01-08T00:00:00.000Z - Reporting standards: ni\_43\_101, other - QP Signed: Yes - Qualified person names: Michael G. Hester - Resource group id: resource:4e4612901d2cc991d4dc - Deposit or zone: Veta Guijas - Mining method: underground - Ownership percent: 100 % - Resource basis: gross #### Resource Data - Category: inferred - Tonnes: 124000 - Grade: 92 - Grade Unit: g/t - Contained Metal: 365 - Contained Unit: koz - Cutoff Grade: 150 - Cutoff Unit: g/t AgEq #### Prior Estimate - Resource Date: 2026-01-08 #### Metal Equivalent - Metal Eq. Grade: 202 - Metal Eq. Unit: g/t AgEq - Assumptions Disclosed: Yes #### Lab - Laboratory: ALS Chemex and ActLabs #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-28T00:00:00.000Z Reasoning: This is a silver component of the maiden Inferred resource for the Veta Guijas zone, contributing to the overall project. - Positive factor: Maiden Resource - Positive factor: NI 43-101 Compliant - Positive factor: QP Signed - Positive factor: Metal Equivalent Assumptions Disclosed - Positive factor: Cut-off Disclosed - Negative factor: All Inferred Evidence · table > 92 Context: 124 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/minaurum-announces-initial-resource-estimate-at-alamos-silver-project-of-55-mill--a3922b41-6179-45f5-b681-96811635ba0b#fact-resource-facts-6) Alamos Silver Project · gold #### Identity - Project: Alamos Silver Project - Commodity: gold - Region: mexico - Reported Region: Sonora, Mexico - Ticker: MGG #### Resource scope - Estimate type: resource - Effective date: 2026-01-08T00:00:00.000Z - Reporting standards: ni\_43\_101, other - QP Signed: Yes - Qualified person names: Michael G. Hester - Resource group id: resource:4e4612901d2cc991d4dc - Deposit or zone: Veta Guijas - Mining method: underground - Ownership percent: 100 % - Resource basis: gross #### Resource Data - Category: inferred - Tonnes: 124000 - Grade: 0.17 - Grade Unit: g/t - Contained Metal: 0.67 - Contained Unit: koz - Cutoff Grade: 150 - Cutoff Unit: g/t AgEq #### Prior Estimate - Resource Date: 2026-01-08 #### Metal Equivalent - Metal Eq. Grade: 202 - Metal Eq. Unit: g/t AgEq - Assumptions Disclosed: Yes #### Lab - Laboratory: ALS Chemex and ActLabs #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-28T00:00:00.000Z Reasoning: Gold is a byproduct in the Veta Guijas zone of the maiden Inferred resource, contributing to the overall AgEq grade. - Positive factor: Maiden Resource - Positive factor: NI 43-101 Compliant - Positive factor: QP Signed - Positive factor: Metal Equivalent Assumptions Disclosed - Positive factor: Cut-off Disclosed - Negative factor: All Inferred Evidence · table > 0.17 Context: 124 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/minaurum-announces-initial-resource-estimate-at-alamos-silver-project-of-55-mill--a3922b41-6179-45f5-b681-96811635ba0b#fact-resource-facts-7) Alamos Silver Project · copper #### Identity - Project: Alamos Silver Project - Commodity: copper - Region: mexico - Reported Region: Sonora, Mexico - Ticker: MGG #### Resource scope - Estimate type: resource - Effective date: 2026-01-08T00:00:00.000Z - Reporting standards: ni\_43\_101, other - QP Signed: Yes - Qualified person names: Michael G. Hester - Resource group id: resource:4e4612901d2cc991d4dc - Deposit or zone: Veta Guijas - Mining method: underground - Ownership percent: 100 % - Resource basis: gross #### Resource Data - Category: inferred - Tonnes: 124000 - Grade: 0.45 - Grade Unit: % - Contained Metal: 1230 - Contained Unit: klbs - Cutoff Grade: 150 - Cutoff Unit: g/t AgEq #### Prior Estimate - Resource Date: 2026-01-08 #### Metal Equivalent - Metal Eq. Grade: 202 - Metal Eq. Unit: g/t AgEq - Assumptions Disclosed: Yes #### Lab - Laboratory: ALS Chemex and ActLabs #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-28T00:00:00.000Z Reasoning: Copper is a byproduct in the Veta Guijas zone of the maiden Inferred resource, contributing to the overall AgEq grade. - Positive factor: Maiden Resource - Positive factor: NI 43-101 Compliant - Positive factor: QP Signed - Positive factor: Metal Equivalent Assumptions Disclosed - Positive factor: Cut-off Disclosed - Negative factor: All Inferred Evidence · table > 0.45 Context: 124 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/minaurum-announces-initial-resource-estimate-at-alamos-silver-project-of-55-mill--a3922b41-6179-45f5-b681-96811635ba0b#fact-resource-facts-8) Alamos Silver Project · lead #### Identity - Project: Alamos Silver Project - Commodity: lead - Region: mexico - Reported Region: Sonora, Mexico - Ticker: MGG #### Resource scope - Estimate type: resource - Effective date: 2026-01-08T00:00:00.000Z - Reporting standards: ni\_43\_101, other - QP Signed: Yes - Qualified person names: Michael G. Hester - Resource group id: resource:4e4612901d2cc991d4dc - Deposit or zone: Veta Guijas - Mining method: underground - Ownership percent: 100 % - Resource basis: gross #### Resource Data - Category: inferred - Tonnes: 124000 - Grade: 0.89 - Grade Unit: % - Contained Metal: 2433 - Contained Unit: klbs - Cutoff Grade: 150 - Cutoff Unit: g/t AgEq #### Prior Estimate - Resource Date: 2026-01-08 #### Metal Equivalent - Metal Eq. Grade: 202 - Metal Eq. Unit: g/t AgEq - Assumptions Disclosed: Yes #### Lab - Laboratory: ALS Chemex and ActLabs #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-28T00:00:00.000Z Reasoning: Lead is a byproduct in the Veta Guijas zone of the maiden Inferred resource, contributing to the overall AgEq grade. - Positive factor: Maiden Resource - Positive factor: NI 43-101 Compliant - Positive factor: QP Signed - Positive factor: Metal Equivalent Assumptions Disclosed - Positive factor: Cut-off Disclosed - Negative factor: All Inferred Evidence · table > 0.89 Context: 124 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/minaurum-announces-initial-resource-estimate-at-alamos-silver-project-of-55-mill--a3922b41-6179-45f5-b681-96811635ba0b#fact-resource-facts-9) Alamos Silver Project · zinc #### Identity - Project: Alamos Silver Project - Commodity: zinc - Region: mexico - Reported Region: Sonora, Mexico - Ticker: MGG #### Resource scope - Estimate type: resource - Effective date: 2026-01-08T00:00:00.000Z - Reporting standards: ni\_43\_101, other - QP Signed: Yes - Qualified person names: Michael G. Hester - Resource group id: resource:4e4612901d2cc991d4dc - Deposit or zone: Veta Guijas - Mining method: underground - Ownership percent: 100 % - Resource basis: gross #### Resource Data - Category: inferred - Tonnes: 124000 - Grade: 1.82 - Grade Unit: % - Contained Metal: 4975 - Contained Unit: klbs - Cutoff Grade: 150 - Cutoff Unit: g/t AgEq #### Prior Estimate - Resource Date: 2026-01-08 #### Metal Equivalent - Metal Eq. Grade: 202 - Metal Eq. Unit: g/t AgEq - Assumptions Disclosed: Yes #### Lab - Laboratory: ALS Chemex and ActLabs #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-28T00:00:00.000Z Reasoning: Zinc is a byproduct in the Veta Guijas zone of the maiden Inferred resource, contributing to the overall AgEq grade. - Positive factor: Maiden Resource - Positive factor: NI 43-101 Compliant - Positive factor: QP Signed - Positive factor: Metal Equivalent Assumptions Disclosed - Positive factor: Cut-off Disclosed - Negative factor: All Inferred Evidence · table > 1.82 Context: 124 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/minaurum-announces-initial-resource-estimate-at-alamos-silver-project-of-55-mill--a3922b41-6179-45f5-b681-96811635ba0b#fact-resource-facts-10) Alamos Silver Project · silver #### Identity - Project: Alamos Silver Project - Commodity: silver - Region: mexico - Reported Region: Sonora, Mexico - Ticker: MGG #### Resource scope - Estimate type: resource - Effective date: 2026-01-08T00:00:00.000Z - Reporting standards: ni\_43\_101, other - QP Signed: Yes - Qualified person names: Michael G. Hester - Resource group id: resource:2f2e59b81adc361d4b3f - Deposit or zone: Vela El Cien - Mining method: underground - Ownership percent: 100 % - Resource basis: gross #### Resource Data - Category: inferred - Tonnes: 561000 - Grade: 136 - Grade Unit: g/t - Contained Metal: 2448 - Contained Unit: koz - Cutoff Grade: 150 - Cutoff Unit: g/t AgEq #### Prior Estimate - Resource Date: 2026-01-08 #### Metal Equivalent - Metal Eq. Grade: 299 - Metal Eq. Unit: g/t AgEq - Assumptions Disclosed: Yes #### Lab - Laboratory: ALS Chemex and ActLabs #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-28T00:00:00.000Z Reasoning: This is a high-grade silver component of the maiden Inferred resource for the Vela El Cien zone, contributing significantly to the overall project. - Positive factor: Maiden Resource - Positive factor: High Grade - Positive factor: NI 43-101 Compliant - Positive factor: QP Signed - Positive factor: Metal Equivalent Assumptions Disclosed - Positive factor: Cut-off Disclosed - Negative factor: All Inferred Evidence · table > 136 Context: 561 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/minaurum-announces-initial-resource-estimate-at-alamos-silver-project-of-55-mill--a3922b41-6179-45f5-b681-96811635ba0b#fact-resource-facts-11) Alamos Silver Project · gold #### Identity - Project: Alamos Silver Project - Commodity: gold - Region: mexico - Reported Region: Sonora, Mexico - Ticker: MGG #### Resource scope - Estimate type: resource - Effective date: 2026-01-08T00:00:00.000Z - Reporting standards: ni\_43\_101, other - QP Signed: Yes - Qualified person names: Michael G. Hester - Resource group id: resource:2f2e59b81adc361d4b3f - Deposit or zone: Vela El Cien - Mining method: underground - Ownership percent: 100 % - Resource basis: gross #### Resource Data - Category: inferred - Tonnes: 561000 - Grade: 0.49 - Grade Unit: g/t - Contained Metal: 8.77 - Contained Unit: koz - Cutoff Grade: 150 - Cutoff Unit: g/t AgEq #### Prior Estimate - Resource Date: 2026-01-08 #### Metal Equivalent - Metal Eq. Grade: 299 - Metal Eq. Unit: g/t AgEq - Assumptions Disclosed: Yes #### Lab - Laboratory: ALS Chemex and ActLabs #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-28T00:00:00.000Z Reasoning: Gold is a byproduct in the Vela El Cien zone of the maiden Inferred resource, contributing to the overall AgEq grade. - Positive factor: Maiden Resource - Positive factor: NI 43-101 Compliant - Positive factor: QP Signed - Positive factor: Metal Equivalent Assumptions Disclosed - Positive factor: Cut-off Disclosed - Negative factor: All Inferred Evidence · table > 0.49 Context: 561 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/minaurum-announces-initial-resource-estimate-at-alamos-silver-project-of-55-mill--a3922b41-6179-45f5-b681-96811635ba0b#fact-resource-facts-12) Alamos Silver Project · copper #### Identity - Project: Alamos Silver Project - Commodity: copper - Region: mexico - Reported Region: Sonora, Mexico - Ticker: MGG #### Resource scope - Estimate type: resource - Effective date: 2026-01-08T00:00:00.000Z - Reporting standards: ni\_43\_101, other - QP Signed: Yes - Qualified person names: Michael G. Hester - Resource group id: resource:2f2e59b81adc361d4b3f - Deposit or zone: Vela El Cien - Mining method: underground - Ownership percent: 100 % - Resource basis: gross #### Resource Data - Category: inferred - Tonnes: 561000 - Grade: 0.42 - Grade Unit: % - Contained Metal: 5182 - Contained Unit: klbs - Cutoff Grade: 150 - Cutoff Unit: g/t AgEq #### Prior Estimate - Resource Date: 2026-01-08 #### Metal Equivalent - Metal Eq. Grade: 299 - Metal Eq. Unit: g/t AgEq - Assumptions Disclosed: Yes #### Lab - Laboratory: ALS Chemex and ActLabs #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-28T00:00:00.000Z Reasoning: Copper is a byproduct in the Vela El Cien zone of the maiden Inferred resource, contributing to the overall AgEq grade. - Positive factor: Maiden Resource - Positive factor: NI 43-101 Compliant - Positive factor: QP Signed - Positive factor: Metal Equivalent Assumptions Disclosed - Positive factor: Cut-off Disclosed - Negative factor: All Inferred Evidence · table > 0.42 Context: 561 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/minaurum-announces-initial-resource-estimate-at-alamos-silver-project-of-55-mill--a3922b41-6179-45f5-b681-96811635ba0b#fact-resource-facts-13) Alamos Silver Project · lead #### Identity - Project: Alamos Silver Project - Commodity: lead - Region: mexico - Reported Region: Sonora, Mexico - Ticker: MGG #### Resource scope - Estimate type: resource - Effective date: 2026-01-08T00:00:00.000Z - Reporting standards: ni\_43\_101, other - QP Signed: Yes - Qualified person names: Michael G. Hester - Resource group id: resource:2f2e59b81adc361d4b3f - Deposit or zone: Vela El Cien - Mining method: underground - Ownership percent: 100 % - Resource basis: gross #### Resource Data - Category: inferred - Tonnes: 561000 - Grade: 1.69 - Grade Unit: % - Contained Metal: 20902 - Contained Unit: klbs - Cutoff Grade: 150 - Cutoff Unit: g/t AgEq #### Prior Estimate - Resource Date: 2026-01-08 #### Metal Equivalent - Metal Eq. Grade: 299 - Metal Eq. Unit: g/t AgEq - Assumptions Disclosed: Yes #### Lab - Laboratory: ALS Chemex and ActLabs #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-28T00:00:00.000Z Reasoning: Lead is a byproduct in the Vela El Cien zone of the maiden Inferred resource, contributing to the overall AgEq grade. - Positive factor: Maiden Resource - Positive factor: NI 43-101 Compliant - Positive factor: QP Signed - Positive factor: Metal Equivalent Assumptions Disclosed - Positive factor: Cut-off Disclosed - Negative factor: All Inferred Evidence · table > 1.69 Context: 561 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/minaurum-announces-initial-resource-estimate-at-alamos-silver-project-of-55-mill--a3922b41-6179-45f5-b681-96811635ba0b#fact-resource-facts-14) Alamos Silver Project · zinc #### Identity - Project: Alamos Silver Project - Commodity: zinc - Region: mexico - Reported Region: Sonora, Mexico - Ticker: MGG #### Resource scope - Estimate type: resource - Effective date: 2026-01-08T00:00:00.000Z - Reporting standards: ni\_43\_101, other - QP Signed: Yes - Qualified person names: Michael G. Hester - Resource group id: resource:2f2e59b81adc361d4b3f - Deposit or zone: Vela El Cien - Mining method: underground - Ownership percent: 100 % - Resource basis: gross #### Resource Data - Category: inferred - Tonnes: 561000 - Grade: 2.34 - Grade Unit: % - Contained Metal: 28941 - Contained Unit: klbs - Cutoff Grade: 150 - Cutoff Unit: g/t AgEq #### Prior Estimate - Resource Date: 2026-01-08 #### Metal Equivalent - Metal Eq. Grade: 299 - Metal Eq. Unit: g/t AgEq - Assumptions Disclosed: Yes #### Lab - Laboratory: ALS Chemex and ActLabs #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-28T00:00:00.000Z Reasoning: Zinc is a byproduct in the Vela El Cien zone of the maiden Inferred resource, contributing to the overall AgEq grade. - Positive factor: Maiden Resource - Positive factor: NI 43-101 Compliant - Positive factor: QP Signed - Positive factor: Metal Equivalent Assumptions Disclosed - Positive factor: Cut-off Disclosed - Negative factor: All Inferred Evidence · table > 2.34 Context: 561 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/minaurum-announces-initial-resource-estimate-at-alamos-silver-project-of-55-mill--a3922b41-6179-45f5-b681-96811635ba0b#fact-resource-facts-15) Alamos Silver Project · silver #### Identity - Project: Alamos Silver Project - Commodity: silver - Region: mexico - Reported Region: Sonora, Mexico - Ticker: MGG #### Resource scope - Estimate type: resource - Effective date: 2026-01-08T00:00:00.000Z - Reporting standards: ni\_43\_101, other - QP Signed: Yes - Qualified person names: Michael G. Hester - Resource group id: resource:7cc92c13710618c34b66 - Deposit or zone: Vela El Cien HW - Mining method: underground - Ownership percent: 100 % - Resource basis: gross #### Resource Data - Category: inferred - Tonnes: 152000 - Grade: 159 - Grade Unit: g/t - Contained Metal: 777 - Contained Unit: koz - Cutoff Grade: 150 - Cutoff Unit: g/t AgEq #### Prior Estimate - Resource Date: 2026-01-08 #### Metal Equivalent - Metal Eq. Grade: 283 - Metal Eq. Unit: g/t AgEq - Assumptions Disclosed: Yes #### Lab - Laboratory: ALS Chemex and ActLabs #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-28T00:00:00.000Z Reasoning: This is a high-grade silver component of the maiden Inferred resource for the Vela El Cien HW zone, contributing to the overall project. - Positive factor: Maiden Resource - Positive factor: High Grade - Positive factor: NI 43-101 Compliant - Positive factor: QP Signed - Positive factor: Metal Equivalent Assumptions Disclosed - Positive factor: Cut-off Disclosed - Negative factor: All Inferred Evidence · table > 159 Context: 152 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/minaurum-announces-initial-resource-estimate-at-alamos-silver-project-of-55-mill--a3922b41-6179-45f5-b681-96811635ba0b#fact-resource-facts-16) Alamos Silver Project · gold #### Identity - Project: Alamos Silver Project - Commodity: gold - Region: mexico - Reported Region: Sonora, Mexico - Ticker: MGG #### Resource scope - Estimate type: resource - Effective date: 2026-01-08T00:00:00.000Z - Reporting standards: ni\_43\_101, other - QP Signed: Yes - Qualified person names: Michael G. Hester - Resource group id: resource:7cc92c13710618c34b66 - Deposit or zone: Vela El Cien HW - Mining method: underground - Ownership percent: 100 % - Resource basis: gross #### Resource Data - Category: inferred - Tonnes: 152000 - Grade: 0.07 - Grade Unit: g/t - Contained Metal: 0.33 - Contained Unit: koz - Cutoff Grade: 150 - Cutoff Unit: g/t AgEq #### Prior Estimate - Resource Date: 2026-01-08 #### Metal Equivalent - Metal Eq. Grade: 283 - Metal Eq. Unit: g/t AgEq - Assumptions Disclosed: Yes #### Lab - Laboratory: ALS Chemex and ActLabs #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-28T00:00:00.000Z Reasoning: Gold is a byproduct in the Vela El Cien HW zone of the maiden Inferred resource, contributing to the overall AgEq grade. - Positive factor: Maiden Resource - Positive factor: NI 43-101 Compliant - Positive factor: QP Signed - Positive factor: Metal Equivalent Assumptions Disclosed - Positive factor: Cut-off Disclosed - Negative factor: All Inferred Evidence · table > 0.07 Context: 152 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/minaurum-announces-initial-resource-estimate-at-alamos-silver-project-of-55-mill--a3922b41-6179-45f5-b681-96811635ba0b#fact-resource-facts-17) Alamos Silver Project · copper #### Identity - Project: Alamos Silver Project - Commodity: copper - Region: mexico - Reported Region: Sonora, Mexico - Ticker: MGG #### Resource scope - Estimate type: resource - Effective date: 2026-01-08T00:00:00.000Z - Reporting standards: ni\_43\_101, other - QP Signed: Yes - Qualified person names: Michael G. Hester - Resource group id: resource:7cc92c13710618c34b66 - Deposit or zone: Vela El Cien HW - Mining method: underground - Ownership percent: 100 % - Resource basis: gross #### Resource Data - Category: inferred - Tonnes: 152000 - Grade: 0.32 - Grade Unit: % - Contained Metal: 1059 - Contained Unit: klbs - Cutoff Grade: 150 - Cutoff Unit: g/t AgEq #### Prior Estimate - Resource Date: 2026-01-08 #### Metal Equivalent - Metal Eq. Grade: 283 - Metal Eq. Unit: g/t AgEq - Assumptions Disclosed: Yes #### Lab - Laboratory: ALS Chemex and ActLabs #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-28T00:00:00.000Z Reasoning: Copper is a byproduct in the Vela El Cien HW zone of the maiden Inferred resource, contributing to the overall AgEq grade. - Positive factor: Maiden Resource - Positive factor: NI 43-101 Compliant - Positive factor: QP Signed - Positive factor: Metal Equivalent Assumptions Disclosed - Positive factor: Cut-off Disclosed - Negative factor: All Inferred Evidence · table > 0.32 Context: 152 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/minaurum-announces-initial-resource-estimate-at-alamos-silver-project-of-55-mill--a3922b41-6179-45f5-b681-96811635ba0b#fact-resource-facts-18) Alamos Silver Project · lead #### Identity - Project: Alamos Silver Project - Commodity: lead - Region: mexico - Reported Region: Sonora, Mexico - Ticker: MGG #### Resource scope - Estimate type: resource - Effective date: 2026-01-08T00:00:00.000Z - Reporting standards: ni\_43\_101, other - QP Signed: Yes - Qualified person names: Michael G. Hester - Resource group id: resource:7cc92c13710618c34b66 - Deposit or zone: Vela El Cien HW - Mining method: underground - Ownership percent: 100 % - Resource basis: gross #### Resource Data - Category: inferred - Tonnes: 152000 - Grade: 1.36 - Grade Unit: % - Contained Metal: 4557 - Contained Unit: klbs - Cutoff Grade: 150 - Cutoff Unit: g/t AgEq #### Prior Estimate - Resource Date: 2026-01-08 #### Metal Equivalent - Metal Eq. Grade: 283 - Metal Eq. Unit: g/t AgEq - Assumptions Disclosed: Yes #### Lab - Laboratory: ALS Chemex and ActLabs #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-28T00:00:00.000Z Reasoning: Lead is a byproduct in the Vela El Cien HW zone of the maiden Inferred resource, contributing to the overall AgEq grade. - Positive factor: Maiden Resource - Positive factor: NI 43-101 Compliant - Positive factor: QP Signed - Positive factor: Metal Equivalent Assumptions Disclosed - Positive factor: Cut-off Disclosed - Negative factor: All Inferred Evidence · table > 1.36 Context: 152 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/minaurum-announces-initial-resource-estimate-at-alamos-silver-project-of-55-mill--a3922b41-6179-45f5-b681-96811635ba0b#fact-resource-facts-19) Alamos Silver Project · zinc #### Identity - Project: Alamos Silver Project - Commodity: zinc - Region: mexico - Reported Region: Sonora, Mexico - Ticker: MGG #### Resource scope - Estimate type: resource - Effective date: 2026-01-08T00:00:00.000Z - Reporting standards: ni\_43\_101, other - QP Signed: Yes - Qualified person names: Michael G. Hester - Resource group id: resource:7cc92c13710618c34b66 - Deposit or zone: Vela El Cien HW - Mining method: underground - Ownership percent: 100 % - Resource basis: gross #### Resource Data - Category: inferred - Tonnes: 152000 - Grade: 2.98 - Grade Unit: % - Contained Metal: 9986 - Contained Unit: klbs - Cutoff Grade: 150 - Cutoff Unit: g/t AgEq #### Prior Estimate - Resource Date: 2026-01-08 #### Metal Equivalent - Metal Eq. Grade: 283 - Metal Eq. Unit: g/t AgEq - Assumptions Disclosed: Yes #### Lab - Laboratory: ALS Chemex and ActLabs #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-28T00:00:00.000Z Reasoning: Zinc is a byproduct in the Vela El Cien HW zone of the maiden Inferred resource, contributing to the overall AgEq grade. - Positive factor: Maiden Resource - Positive factor: NI 43-101 Compliant - Positive factor: QP Signed - Positive factor: Metal Equivalent Assumptions Disclosed - Positive factor: Cut-off Disclosed - Negative factor: All Inferred Evidence · table > 2.98 Context: 152 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/minaurum-announces-initial-resource-estimate-at-alamos-silver-project-of-55-mill--a3922b41-6179-45f5-b681-96811635ba0b#fact-resource-facts-20) Alamos Silver Project · silver #### Identity - Project: Alamos Silver Project - Commodity: silver - Region: mexico - Reported Region: Sonora, Mexico - Ticker: MGG #### Resource scope - Estimate type: resource - Effective date: 2026-01-08T00:00:00.000Z - Reporting standards: ni\_43\_101, other - QP Signed: Yes - Qualified person names: Michael G. Hester - Resource group id: resource:43609d147f7ba7d5c6bb - Deposit or zone: Veta Oeste - Mining method: underground - Ownership percent: 100 % - Resource basis: gross #### Resource Data - Category: inferred - Tonnes: 186000 - Grade: 218 - Grade Unit: g/t - Contained Metal: 1302 - Contained Unit: koz - Cutoff Grade: 150 - Cutoff Unit: g/t AgEq #### Prior Estimate - Resource Date: 2026-01-08 #### Metal Equivalent - Metal Eq. Grade: 379 - Metal Eq. Unit: g/t AgEq - Assumptions Disclosed: Yes #### Lab - Laboratory: ALS Chemex and ActLabs #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-28T00:00:00.000Z Reasoning: This is a high-grade silver component of the maiden Inferred resource for the Veta Oeste zone, contributing significantly to the overall project. - Positive factor: Maiden Resource - Positive factor: High Grade - Positive factor: NI 43-101 Compliant - Positive factor: QP Signed - Positive factor: Metal Equivalent Assumptions Disclosed - Positive factor: Cut-off Disclosed - Negative factor: All Inferred Evidence · table > 218 Context: 186 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/minaurum-announces-initial-resource-estimate-at-alamos-silver-project-of-55-mill--a3922b41-6179-45f5-b681-96811635ba0b#fact-resource-facts-21) Alamos Silver Project · gold #### Identity - Project: Alamos Silver Project - Commodity: gold - Region: mexico - Reported Region: Sonora, Mexico - Ticker: MGG #### Resource scope - Estimate type: resource - Effective date: 2026-01-08T00:00:00.000Z - Reporting standards: ni\_43\_101, other - QP Signed: Yes - Qualified person names: Michael G. Hester - Resource group id: resource:43609d147f7ba7d5c6bb - Deposit or zone: Veta Oeste - Mining method: underground - Ownership percent: 100 % - Resource basis: gross #### Resource Data - Category: inferred - Tonnes: 186000 - Grade: 0.45 - Grade Unit: g/t - Contained Metal: 2.7 - Contained Unit: koz - Cutoff Grade: 150 - Cutoff Unit: g/t AgEq #### Prior Estimate - Resource Date: 2026-01-08 #### Metal Equivalent - Metal Eq. Grade: 379 - Metal Eq. Unit: g/t AgEq - Assumptions Disclosed: Yes #### Lab - Laboratory: ALS Chemex and ActLabs #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-28T00:00:00.000Z Reasoning: Gold is a byproduct in the Veta Oeste zone of the maiden Inferred resource, contributing to the overall AgEq grade. - Positive factor: Maiden Resource - Positive factor: NI 43-101 Compliant - Positive factor: QP Signed - Positive factor: Metal Equivalent Assumptions Disclosed - Positive factor: Cut-off Disclosed - Negative factor: All Inferred Evidence · table > 0.45 Context: 186 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/minaurum-announces-initial-resource-estimate-at-alamos-silver-project-of-55-mill--a3922b41-6179-45f5-b681-96811635ba0b#fact-resource-facts-22) Alamos Silver Project · copper #### Identity - Project: Alamos Silver Project - Commodity: copper - Region: mexico - Reported Region: Sonora, Mexico - Ticker: MGG #### Resource scope - Estimate type: resource - Effective date: 2026-01-08T00:00:00.000Z - Reporting standards: ni\_43\_101, other - QP Signed: Yes - Qualified person names: Michael G. Hester - Resource group id: resource:43609d147f7ba7d5c6bb - Deposit or zone: Veta Oeste - Mining method: underground - Ownership percent: 100 % - Resource basis: gross #### Resource Data - Category: inferred - Tonnes: 186000 - Grade: 0.23 - Grade Unit: % - Contained Metal: 955 - Contained Unit: klbs - Cutoff Grade: 150 - Cutoff Unit: g/t AgEq #### Prior Estimate - Resource Date: 2026-01-08 #### Metal Equivalent - Metal Eq. Grade: 379 - Metal Eq. Unit: g/t AgEq - Assumptions Disclosed: Yes #### Lab - Laboratory: ALS Chemex and ActLabs #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-28T00:00:00.000Z Reasoning: Copper is a byproduct in the Veta Oeste zone of the maiden Inferred resource, contributing to the overall AgEq grade. - Positive factor: Maiden Resource - Positive factor: NI 43-101 Compliant - Positive factor: QP Signed - Positive factor: Metal Equivalent Assumptions Disclosed - Positive factor: Cut-off Disclosed - Negative factor: All Inferred Evidence · table > 0.23 Context: 186 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/minaurum-announces-initial-resource-estimate-at-alamos-silver-project-of-55-mill--a3922b41-6179-45f5-b681-96811635ba0b#fact-resource-facts-23) Alamos Silver Project · lead #### Identity - Project: Alamos Silver Project - Commodity: lead - Region: mexico - Reported Region: Sonora, Mexico - Ticker: MGG #### Resource scope - Estimate type: resource - Effective date: 2026-01-08T00:00:00.000Z - Reporting standards: ni\_43\_101, other - QP Signed: Yes - Qualified person names: Michael G. Hester - Resource group id: resource:43609d147f7ba7d5c6bb - Deposit or zone: Veta Oeste - Mining method: underground - Ownership percent: 100 % - Resource basis: gross #### Resource Data - Category: inferred - Tonnes: 186000 - Grade: 1.47 - Grade Unit: % - Contained Metal: 6028 - Contained Unit: klbs - Cutoff Grade: 150 - Cutoff Unit: g/t AgEq #### Prior Estimate - Resource Date: 2026-01-08 #### Metal Equivalent - Metal Eq. Grade: 379 - Metal Eq. Unit: g/t AgEq - Assumptions Disclosed: Yes #### Lab - Laboratory: ALS Chemex and ActLabs #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-28T00:00:00.000Z Reasoning: Lead is a byproduct in the Veta Oeste zone of the maiden Inferred resource, contributing to the overall AgEq grade. - Positive factor: Maiden Resource - Positive factor: NI 43-101 Compliant - Positive factor: QP Signed - Positive factor: Metal Equivalent Assumptions Disclosed - Positive factor: Cut-off Disclosed - Negative factor: All Inferred Evidence · table > 1.47 Context: 186 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/minaurum-announces-initial-resource-estimate-at-alamos-silver-project-of-55-mill--a3922b41-6179-45f5-b681-96811635ba0b#fact-resource-facts-24) Alamos Silver Project · zinc #### Identity - Project: Alamos Silver Project - Commodity: zinc - Region: mexico - Reported Region: Sonora, Mexico - Ticker: MGG #### Resource scope - Estimate type: resource - Effective date: 2026-01-08T00:00:00.000Z - Reporting standards: ni\_43\_101, other - QP Signed: Yes - Qualified person names: Michael G. Hester - Resource group id: resource:43609d147f7ba7d5c6bb - Deposit or zone: Veta Oeste - Mining method: underground - Ownership percent: 100 % - Resource basis: gross #### Resource Data - Category: inferred - Tonnes: 186000 - Grade: 3.37 - Grade Unit: % - Contained Metal: 13819 - Contained Unit: klbs - Cutoff Grade: 150 - Cutoff Unit: g/t AgEq #### Prior Estimate - Resource Date: 2026-01-08 #### Metal Equivalent - Metal Eq. Grade: 379 - Metal Eq. Unit: g/t AgEq - Assumptions Disclosed: Yes #### Lab - Laboratory: ALS Chemex and ActLabs #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-28T00:00:00.000Z Reasoning: Zinc is a byproduct in the Veta Oeste zone of the maiden Inferred resource, contributing to the overall AgEq grade. - Positive factor: Maiden Resource - Positive factor: NI 43-101 Compliant - Positive factor: QP Signed - Positive factor: Metal Equivalent Assumptions Disclosed - Positive factor: Cut-off Disclosed - Negative factor: All Inferred Evidence · table > 3.37 Context: 186 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/minaurum-announces-initial-resource-estimate-at-alamos-silver-project-of-55-mill--a3922b41-6179-45f5-b681-96811635ba0b#fact-resource-facts-25) Alamos Silver Project · silver #### Identity - Project: Alamos Silver Project - Commodity: silver - Region: mexico - Reported Region: Sonora, Mexico - Ticker: MGG #### Resource scope - Estimate type: resource - Effective date: 2026-01-08T00:00:00.000Z - Reporting standards: ni\_43\_101, other - QP Signed: Yes - Qualified person names: Michael G. Hester - Resource group id: resource:a55f3e0b1c42c59a1c3e - Deposit or zone: Travesia - Mining method: underground - Ownership percent: 100 % - Resource basis: gross #### Resource Data - Category: inferred - Tonnes: 373000 - Grade: 125 - Grade Unit: g/t - Contained Metal: 1499 - Contained Unit: koz - Cutoff Grade: 150 - Cutoff Unit: g/t AgEq #### Prior Estimate - Resource Date: 2026-01-08 #### Metal Equivalent - Metal Eq. Grade: 187 - Metal Eq. Unit: g/t AgEq - Assumptions Disclosed: Yes #### Lab - Laboratory: ALS Chemex and ActLabs #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-28T00:00:00.000Z Reasoning: This is a silver component of the maiden Inferred resource for the Travesia zone, contributing to the overall project. - Positive factor: Maiden Resource - Positive factor: NI 43-101 Compliant - Positive factor: QP Signed - Positive factor: Metal Equivalent Assumptions Disclosed - Positive factor: Cut-off Disclosed - Negative factor: All Inferred Evidence · table > 125 Context: 373 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/minaurum-announces-initial-resource-estimate-at-alamos-silver-project-of-55-mill--a3922b41-6179-45f5-b681-96811635ba0b#fact-resource-facts-26) Alamos Silver Project · gold #### Identity - Project: Alamos Silver Project - Commodity: gold - Region: mexico - Reported Region: Sonora, Mexico - Ticker: MGG #### Resource scope - Estimate type: resource - Effective date: 2026-01-08T00:00:00.000Z - Reporting standards: ni\_43\_101, other - QP Signed: Yes - Qualified person names: Michael G. Hester - Resource group id: resource:a55f3e0b1c42c59a1c3e - Deposit or zone: Travesia - Mining method: underground - Ownership percent: 100 % - Resource basis: gross #### Resource Data - Category: inferred - Tonnes: 373000 - Grade: 0.12 - Grade Unit: g/t - Contained Metal: 1.39 - Contained Unit: koz - Cutoff Grade: 150 - Cutoff Unit: g/t AgEq #### Prior Estimate - Resource Date: 2026-01-08 #### Metal Equivalent - Metal Eq. Grade: 187 - Metal Eq. Unit: g/t AgEq - Assumptions Disclosed: Yes #### Lab - Laboratory: ALS Chemex and ActLabs #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-28T00:00:00.000Z Reasoning: Gold is a byproduct in the Travesia zone of the maiden Inferred resource, contributing to the overall AgEq grade. - Positive factor: Maiden Resource - Positive factor: NI 43-101 Compliant - Positive factor: QP Signed - Positive factor: Metal Equivalent Assumptions Disclosed - Positive factor: Cut-off Disclosed - Negative factor: All Inferred Evidence · table > 0.12 Context: 373 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/minaurum-announces-initial-resource-estimate-at-alamos-silver-project-of-55-mill--a3922b41-6179-45f5-b681-96811635ba0b#fact-resource-facts-27) Alamos Silver Project · copper #### Identity - Project: Alamos Silver Project - Commodity: copper - Region: mexico - Reported Region: Sonora, Mexico - Ticker: MGG #### Resource scope - Estimate type: resource - Effective date: 2026-01-08T00:00:00.000Z - Reporting standards: ni\_43\_101, other - QP Signed: Yes - Qualified person names: Michael G. Hester - Resource group id: resource:a55f3e0b1c42c59a1c3e - Deposit or zone: Travesia - Mining method: underground - Ownership percent: 100 % - Resource basis: gross #### Resource Data - Category: inferred - Tonnes: 373000 - Grade: 0.36 - Grade Unit: % - Contained Metal: 2944 - Contained Unit: klbs - Cutoff Grade: 150 - Cutoff Unit: g/t AgEq #### Prior Estimate - Resource Date: 2026-01-08 #### Metal Equivalent - Metal Eq. Grade: 187 - Metal Eq. Unit: g/t AgEq - Assumptions Disclosed: Yes #### Lab - Laboratory: ALS Chemex and ActLabs #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-28T00:00:00.000Z Reasoning: Copper is a byproduct in the Travesia zone of the maiden Inferred resource, contributing to the overall AgEq grade. - Positive factor: Maiden Resource - Positive factor: NI 43-101 Compliant - Positive factor: QP Signed - Positive factor: Metal Equivalent Assumptions Disclosed - Positive factor: Cut-off Disclosed - Negative factor: All Inferred Evidence · table > 0.36 Context: 373 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/minaurum-announces-initial-resource-estimate-at-alamos-silver-project-of-55-mill--a3922b41-6179-45f5-b681-96811635ba0b#fact-resource-facts-28) Alamos Silver Project · lead #### Identity - Project: Alamos Silver Project - Commodity: lead - Region: mexico - Reported Region: Sonora, Mexico - Ticker: MGG #### Resource scope - Estimate type: resource - Effective date: 2026-01-08T00:00:00.000Z - Reporting standards: ni\_43\_101, other - QP Signed: Yes - Qualified person names: Michael G. Hester - Resource group id: resource:a55f3e0b1c42c59a1c3e - Deposit or zone: Travesia - Mining method: underground - Ownership percent: 100 % - Resource basis: gross #### Resource Data - Category: inferred - Tonnes: 373000 - Grade: 0.52 - Grade Unit: % - Contained Metal: 4276 - Contained Unit: klbs - Cutoff Grade: 150 - Cutoff Unit: g/t AgEq #### Prior Estimate - Resource Date: 2026-01-08 #### Metal Equivalent - Metal Eq. Grade: 187 - Metal Eq. Unit: g/t AgEq - Assumptions Disclosed: Yes #### Lab - Laboratory: ALS Chemex and ActLabs #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-28T00:00:00.000Z Reasoning: Lead is a byproduct in the Travesia zone of the maiden Inferred resource, contributing to the overall AgEq grade. - Positive factor: Maiden Resource - Positive factor: NI 43-101 Compliant - Positive factor: QP Signed - Positive factor: Metal Equivalent Assumptions Disclosed - Positive factor: Cut-off Disclosed - Negative factor: All Inferred Evidence · table > 0.52 Context: 373 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/minaurum-announces-initial-resource-estimate-at-alamos-silver-project-of-55-mill--a3922b41-6179-45f5-b681-96811635ba0b#fact-resource-facts-29) Alamos Silver Project · zinc #### Identity - Project: Alamos Silver Project - Commodity: zinc - Region: mexico - Reported Region: Sonora, Mexico - Ticker: MGG #### Resource scope - Estimate type: resource - Effective date: 2026-01-08T00:00:00.000Z - Reporting standards: ni\_43\_101, other - QP Signed: Yes - Qualified person names: Michael G. Hester - Resource group id: resource:a55f3e0b1c42c59a1c3e - Deposit or zone: Travesia - Mining method: underground - Ownership percent: 100 % - Resource basis: gross #### Resource Data - Category: inferred - Tonnes: 373000 - Grade: 0.49 - Grade Unit: % - Contained Metal: 4029 - Contained Unit: klbs - Cutoff Grade: 150 - Cutoff Unit: g/t AgEq #### Prior Estimate - Resource Date: 2026-01-08 #### Metal Equivalent - Metal Eq. Grade: 187 - Metal Eq. Unit: g/t AgEq - Assumptions Disclosed: Yes #### Lab - Laboratory: ALS Chemex and ActLabs #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-28T00:00:00.000Z Reasoning: Zinc is a byproduct in the Travesia zone of the maiden Inferred resource, contributing to the overall AgEq grade. - Positive factor: Maiden Resource - Positive factor: NI 43-101 Compliant - Positive factor: QP Signed - Positive factor: Metal Equivalent Assumptions Disclosed - Positive factor: Cut-off Disclosed - Negative factor: All Inferred Evidence · table > 0.49 Context: 373 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/minaurum-announces-initial-resource-estimate-at-alamos-silver-project-of-55-mill--a3922b41-6179-45f5-b681-96811635ba0b#fact-resource-facts-30) Alamos Silver Project · silver #### Identity - Project: Alamos Silver Project - Commodity: silver - Region: mexico - Reported Region: Sonora, Mexico - Ticker: MGG #### Resource scope - Estimate type: resource - Effective date: 2026-01-08T00:00:00.000Z - Reporting standards: ni\_43\_101, other - QP Signed: Yes - Qualified person names: Michael G. Hester - Resource group id: resource:60f4130505a62d2a1e83 - Deposit or zone: Promontorio/Total - Mining method: underground - Ownership percent: 100 % - Resource basis: gross #### Resource Data - Category: inferred - Tonnes: 3231000 - Grade: 140 - Grade Unit: g/t - Contained Metal: 14532 - Contained Unit: koz - Cutoff Grade: 150 - Cutoff Unit: g/t AgEq #### Prior Estimate - Resource Date: 2026-01-08 #### Metal Equivalent - Metal Eq. Grade: 276 - Metal Eq. Unit: g/t AgEq - Assumptions Disclosed: Yes #### Lab - Laboratory: ALS Chemex and ActLabs #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-28T00:00:00.000Z Reasoning: This is a high-grade silver component of the maiden Inferred resource for the Promontorio/Total zone, contributing significantly to the overall project. - Positive factor: Maiden Resource - Positive factor: High Grade - Positive factor: NI 43-101 Compliant - Positive factor: QP Signed - Positive factor: Metal Equivalent Assumptions Disclosed - Positive factor: Cut-off Disclosed - Negative factor: All Inferred Evidence · table > 140 Context: 3,231 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/minaurum-announces-initial-resource-estimate-at-alamos-silver-project-of-55-mill--a3922b41-6179-45f5-b681-96811635ba0b#fact-resource-facts-31) Alamos Silver Project · gold #### Identity - Project: Alamos Silver Project - Commodity: gold - Region: mexico - Reported Region: Sonora, Mexico - Ticker: MGG #### Resource scope - Estimate type: resource - Effective date: 2026-01-08T00:00:00.000Z - Reporting standards: ni\_43\_101, other - QP Signed: Yes - Qualified person names: Michael G. Hester - Resource group id: resource:60f4130505a62d2a1e83 - Deposit or zone: Promontorio/Total - Mining method: underground - Ownership percent: 100 % - Resource basis: gross #### Resource Data - Category: inferred - Tonnes: 3231000 - Grade: 0.31 - Grade Unit: g/t - Contained Metal: 31.86 - Contained Unit: koz - Cutoff Grade: 150 - Cutoff Unit: g/t AgEq #### Prior Estimate - Resource Date: 2026-01-08 #### Metal Equivalent - Metal Eq. Grade: 276 - Metal Eq. Unit: g/t AgEq - Assumptions Disclosed: Yes #### Lab - Laboratory: ALS Chemex and ActLabs #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-28T00:00:00.000Z Reasoning: Gold is a byproduct in the Promontorio/Total zone of the maiden Inferred resource, contributing to the overall AgEq grade. - Positive factor: Maiden Resource - Positive factor: NI 43-101 Compliant - Positive factor: QP Signed - Positive factor: Metal Equivalent Assumptions Disclosed - Positive factor: Cut-off Disclosed - Negative factor: All Inferred Evidence · table > 0.31 Context: 3,231 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/minaurum-announces-initial-resource-estimate-at-alamos-silver-project-of-55-mill--a3922b41-6179-45f5-b681-96811635ba0b#fact-resource-facts-32) Alamos Silver Project · copper #### Identity - Project: Alamos Silver Project - Commodity: copper - Region: mexico - Reported Region: Sonora, Mexico - Ticker: MGG #### Resource scope - Estimate type: resource - Effective date: 2026-01-08T00:00:00.000Z - Reporting standards: ni\_43\_101, other - QP Signed: Yes - Qualified person names: Michael G. Hester - Resource group id: resource:60f4130505a62d2a1e83 - Deposit or zone: Promontorio/Total - Mining method: underground - Ownership percent: 100 % - Resource basis: gross #### Resource Data - Category: inferred - Tonnes: 3231000 - Grade: 0.39 - Grade Unit: % - Contained Metal: 27431 - Contained Unit: klbs - Cutoff Grade: 150 - Cutoff Unit: g/t AgEq #### Prior Estimate - Resource Date: 2026-01-08 #### Metal Equivalent - Metal Eq. Grade: 276 - Metal Eq. Unit: g/t AgEq - Assumptions Disclosed: Yes #### Lab - Laboratory: ALS Chemex and ActLabs #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-28T00:00:00.000Z Reasoning: Copper is a byproduct in the Promontorio/Total zone of the maiden Inferred resource, contributing to the overall AgEq grade. - Positive factor: Maiden Resource - Positive factor: NI 43-101 Compliant - Positive factor: QP Signed - Positive factor: Metal Equivalent Assumptions Disclosed - Positive factor: Cut-off Disclosed - Negative factor: All Inferred Evidence · table > 0.39 Context: 3,231 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/minaurum-announces-initial-resource-estimate-at-alamos-silver-project-of-55-mill--a3922b41-6179-45f5-b681-96811635ba0b#fact-resource-facts-33) Alamos Silver Project · lead #### Identity - Project: Alamos Silver Project - Commodity: lead - Region: mexico - Reported Region: Sonora, Mexico - Ticker: MGG #### Resource scope - Estimate type: resource - Effective date: 2026-01-08T00:00:00.000Z - Reporting standards: ni\_43\_101, other - QP Signed: Yes - Qualified person names: Michael G. Hester - Resource group id: resource:60f4130505a62d2a1e83 - Deposit or zone: Promontorio/Total - Mining method: underground - Ownership percent: 100 % - Resource basis: gross #### Resource Data - Category: inferred - Tonnes: 3231000 - Grade: 1.17 - Grade Unit: % - Contained Metal: 83100 - Contained Unit: klbs - Cutoff Grade: 150 - Cutoff Unit: g/t AgEq #### Prior Estimate - Resource Date: 2026-01-08 #### Metal Equivalent - Metal Eq. Grade: 276 - Metal Eq. Unit: g/t AgEq - Assumptions Disclosed: Yes #### Lab - Laboratory: ALS Chemex and ActLabs #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-28T00:00:00.000Z Reasoning: Lead is a byproduct in the Promontorio/Total zone of the maiden Inferred resource, contributing to the overall AgEq grade. - Positive factor: Maiden Resource - Positive factor: NI 43-101 Compliant - Positive factor: QP Signed - Positive factor: Metal Equivalent Assumptions Disclosed - Positive factor: Cut-off Disclosed - Negative factor: All Inferred Evidence · table > 1.17 Context: 3,231 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/minaurum-announces-initial-resource-estimate-at-alamos-silver-project-of-55-mill--a3922b41-6179-45f5-b681-96811635ba0b#fact-resource-facts-34) Alamos Silver Project · zinc #### Identity - Project: Alamos Silver Project - Commodity: zinc - Region: mexico - Reported Region: Sonora, Mexico - Ticker: MGG #### Resource scope - Estimate type: resource - Effective date: 2026-01-08T00:00:00.000Z - Reporting standards: ni\_43\_101, other - QP Signed: Yes - Qualified person names: Michael G. Hester - Resource group id: resource:60f4130505a62d2a1e83 - Deposit or zone: Promontorio/Total - Mining method: underground - Ownership percent: 100 % - Resource basis: gross #### Resource Data - Category: inferred - Tonnes: 3231000 - Grade: 2.46 - Grade Unit: % - Contained Metal: 175023 - Contained Unit: klbs - Cutoff Grade: 150 - Cutoff Unit: g/t AgEq #### Prior Estimate - Resource Date: 2026-01-08 #### Metal Equivalent - Metal Eq. Grade: 276 - Metal Eq. Unit: g/t AgEq - Assumptions Disclosed: Yes #### Lab - Laboratory: ALS Chemex and ActLabs #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-28T00:00:00.000Z Reasoning: Zinc is a byproduct in the Promontorio/Total zone of the maiden Inferred resource, contributing to the overall AgEq grade. - Positive factor: Maiden Resource - Positive factor: NI 43-101 Compliant - Positive factor: QP Signed - Positive factor: Metal Equivalent Assumptions Disclosed - Positive factor: Cut-off Disclosed - Negative factor: All Inferred Evidence · table > 2.46 Context: 3,231 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/minaurum-announces-initial-resource-estimate-at-alamos-silver-project-of-55-mill--a3922b41-6179-45f5-b681-96811635ba0b#fact-resource-facts-35) Alamos Silver Project · silver #### Identity - Project: Alamos Silver Project - Commodity: silver - Region: mexico - Reported Region: Sonora, Mexico - Ticker: MGG #### Resource scope - Estimate type: resource - Effective date: 2026-01-08T00:00:00.000Z - Reporting standards: ni\_43\_101, other - QP Signed: Yes - Qualified person names: Michael G. Hester - Resource group id: resource:9c80496699bc411bd812 - Deposit or zone: Europa - Mining method: underground - Ownership percent: 100 % - Resource basis: gross #### Resource Data - Category: inferred - Tonnes: 1426000 - Grade: 306 - Grade Unit: g/t - Contained Metal: 14006 - Contained Unit: koz - Cutoff Grade: 150 - Cutoff Unit: g/t AgEq #### Prior Estimate - Resource Date: 2026-01-08 #### Metal Equivalent - Metal Eq. Grade: 402 - Metal Eq. Unit: g/t AgEq - Assumptions Disclosed: Yes #### Lab - Laboratory: ALS Chemex and ActLabs #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-28T00:00:00.000Z Reasoning: This is a high-grade silver component of the maiden Inferred resource for the Europa zone, contributing significantly to the overall project. - Positive factor: Maiden Resource - Positive factor: High Grade - Positive factor: NI 43-101 Compliant - Positive factor: QP Signed - Positive factor: Metal Equivalent Assumptions Disclosed - Positive factor: Cut-off Disclosed - Negative factor: All Inferred Evidence · table > 306 Context: 1,426 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/minaurum-announces-initial-resource-estimate-at-alamos-silver-project-of-55-mill--a3922b41-6179-45f5-b681-96811635ba0b#fact-resource-facts-36) Alamos Silver Project · gold #### Identity - Project: Alamos Silver Project - Commodity: gold - Region: mexico - Reported Region: Sonora, Mexico - Ticker: MGG #### Resource scope - Estimate type: resource - Effective date: 2026-01-08T00:00:00.000Z - Reporting standards: ni\_43\_101, other - QP Signed: Yes - Qualified person names: Michael G. Hester - Resource group id: resource:9c80496699bc411bd812 - Deposit or zone: Europa - Mining method: underground - Ownership percent: 100 % - Resource basis: gross #### Resource Data - Category: inferred - Tonnes: 1426000 - Grade: 0.06 - Grade Unit: g/t - Contained Metal: 2.57 - Contained Unit: koz - Cutoff Grade: 150 - Cutoff Unit: g/t AgEq #### Prior Estimate - Resource Date: 2026-01-08 #### Metal Equivalent - Metal Eq. Grade: 402 - Metal Eq. Unit: g/t AgEq - Assumptions Disclosed: Yes #### Lab - Laboratory: ALS Chemex and ActLabs #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-28T00:00:00.000Z Reasoning: Gold is a byproduct in the Europa zone of the maiden Inferred resource, contributing to the overall AgEq grade. - Positive factor: Maiden Resource - Positive factor: NI 43-101 Compliant - Positive factor: QP Signed - Positive factor: Metal Equivalent Assumptions Disclosed - Positive factor: Cut-off Disclosed - Negative factor: All Inferred Evidence · table > 0.06 Context: 1,426 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/minaurum-announces-initial-resource-estimate-at-alamos-silver-project-of-55-mill--a3922b41-6179-45f5-b681-96811635ba0b#fact-resource-facts-37) Alamos Silver Project · copper #### Identity - Project: Alamos Silver Project - Commodity: copper - Region: mexico - Reported Region: Sonora, Mexico - Ticker: MGG #### Resource scope - Estimate type: resource - Effective date: 2026-01-08T00:00:00.000Z - Reporting standards: ni\_43\_101, other - QP Signed: Yes - Qualified person names: Michael G. Hester - Resource group id: resource:9c80496699bc411bd812 - Deposit or zone: Europa - Mining method: underground - Ownership percent: 100 % - Resource basis: gross #### Resource Data - Category: inferred - Tonnes: 1426000 - Grade: 0.54 - Grade Unit: % - Contained Metal: 16882 - Contained Unit: klbs - Cutoff Grade: 150 - Cutoff Unit: g/t AgEq #### Prior Estimate - Resource Date: 2026-01-08 #### Metal Equivalent - Metal Eq. Grade: 402 - Metal Eq. Unit: g/t AgEq - Assumptions Disclosed: Yes #### Lab - Laboratory: ALS Chemex and ActLabs #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-28T00:00:00.000Z Reasoning: Copper is a byproduct in the Europa zone of the maiden Inferred resource, contributing to the overall AgEq grade. - Positive factor: Maiden Resource - Positive factor: NI 43-101 Compliant - Positive factor: QP Signed - Positive factor: Metal Equivalent Assumptions Disclosed - Positive factor: Cut-off Disclosed - Negative factor: All Inferred Evidence · table > 0.54 Context: 1,426 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/minaurum-announces-initial-resource-estimate-at-alamos-silver-project-of-55-mill--a3922b41-6179-45f5-b681-96811635ba0b#fact-resource-facts-38) Alamos Silver Project · lead #### Identity - Project: Alamos Silver Project - Commodity: lead - Region: mexico - Reported Region: Sonora, Mexico - Ticker: MGG #### Resource scope - Estimate type: resource - Effective date: 2026-01-08T00:00:00.000Z - Reporting standards: ni\_43\_101, other - QP Signed: Yes - Qualified person names: Michael G. Hester - Resource group id: resource:9c80496699bc411bd812 - Deposit or zone: Europa - Mining method: underground - Ownership percent: 100 % - Resource basis: gross #### Resource Data - Category: inferred - Tonnes: 1426000 - Grade: 0.75 - Grade Unit: % - Contained Metal: 23578 - Contained Unit: klbs - Cutoff Grade: 150 - Cutoff Unit: g/t AgEq #### Prior Estimate - Resource Date: 2026-01-08 #### Metal Equivalent - Metal Eq. Grade: 402 - Metal Eq. Unit: g/t AgEq - Assumptions Disclosed: Yes #### Lab - Laboratory: ALS Chemex and ActLabs #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-28T00:00:00.000Z Reasoning: Lead is a byproduct in the Europa zone of the maiden Inferred resource, contributing to the overall AgEq grade. - Positive factor: Maiden Resource - Positive factor: NI 43-101 Compliant - Positive factor: QP Signed - Positive factor: Metal Equivalent Assumptions Disclosed - Positive factor: Cut-off Disclosed - Negative factor: All Inferred Evidence · table > 0.75 Context: 1,426 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/minaurum-announces-initial-resource-estimate-at-alamos-silver-project-of-55-mill--a3922b41-6179-45f5-b681-96811635ba0b#fact-resource-facts-39) Alamos Silver Project · zinc #### Identity - Project: Alamos Silver Project - Commodity: zinc - Region: mexico - Reported Region: Sonora, Mexico - Ticker: MGG #### Resource scope - Estimate type: resource - Effective date: 2026-01-08T00:00:00.000Z - Reporting standards: ni\_43\_101, other - QP Signed: Yes - Qualified person names: Michael G. Hester - Resource group id: resource:9c80496699bc411bd812 - Deposit or zone: Europa - Mining method: underground - Ownership percent: 100 % - Resource basis: gross #### Resource Data - Category: inferred - Tonnes: 1426000 - Grade: 1.41 - Grade Unit: % - Contained Metal: 44327 - Contained Unit: klbs - Cutoff Grade: 150 - Cutoff Unit: g/t AgEq #### Prior Estimate - Resource Date: 2026-01-08 #### Metal Equivalent - Metal Eq. Grade: 402 - Metal Eq. Unit: g/t AgEq - Assumptions Disclosed: Yes #### Lab - Laboratory: ALS Chemex and ActLabs #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-28T00:00:00.000Z Reasoning: Zinc is a byproduct in the Europa zone of the maiden Inferred resource, contributing to the overall AgEq grade. - Positive factor: Maiden Resource - Positive factor: NI 43-101 Compliant - Positive factor: QP Signed - Positive factor: Metal Equivalent Assumptions Disclosed - Positive factor: Cut-off Disclosed - Negative factor: All Inferred Evidence · table > 1.41 Context: 1,426 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/minaurum-announces-initial-resource-estimate-at-alamos-silver-project-of-55-mill--a3922b41-6179-45f5-b681-96811635ba0b#fact-resource-facts-40) Alamos Silver Project · silver #### Identity - Project: Alamos Silver Project - Commodity: silver - Region: mexico - Reported Region: Sonora, Mexico - Ticker: MGG #### Resource scope - Estimate type: resource - Effective date: 2026-01-08T00:00:00.000Z - Reporting standards: ni\_43\_101, other - QP Signed: Yes - Qualified person names: Michael G. Hester - Resource group id: resource:55618cb6fa417c41b87f - Deposit or zone: Europa HW - Mining method: underground - Ownership percent: 100 % - Resource basis: gross #### Resource Data - Category: inferred - Tonnes: 409000 - Grade: 274 - Grade Unit: g/t - Contained Metal: 3604 - Contained Unit: koz - Cutoff Grade: 150 - Cutoff Unit: g/t AgEq #### Prior Estimate - Resource Date: 2026-01-08 #### Metal Equivalent - Metal Eq. Grade: 351 - Metal Eq. Unit: g/t AgEq - Assumptions Disclosed: Yes #### Lab - Laboratory: ALS Chemex and ActLabs #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-28T00:00:00.000Z Reasoning: This is a high-grade silver component of the maiden Inferred resource for the Europa HW zone, contributing significantly to the overall project. - Positive factor: Maiden Resource - Positive factor: High Grade - Positive factor: NI 43-101 Compliant - Positive factor: QP Signed - Positive factor: Metal Equivalent Assumptions Disclosed - Positive factor: Cut-off Disclosed - Negative factor: All Inferred Evidence · table > 274 Context: 409 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/minaurum-announces-initial-resource-estimate-at-alamos-silver-project-of-55-mill--a3922b41-6179-45f5-b681-96811635ba0b#fact-resource-facts-41) Alamos Silver Project · gold #### Identity - Project: Alamos Silver Project - Commodity: gold - Region: mexico - Reported Region: Sonora, Mexico - Ticker: MGG #### Resource scope - Estimate type: resource - Effective date: 2026-01-08T00:00:00.000Z - Reporting standards: ni\_43\_101, other - QP Signed: Yes - Qualified person names: Michael G. Hester - Resource group id: resource:55618cb6fa417c41b87f - Deposit or zone: Europa HW - Mining method: underground - Ownership percent: 100 % - Resource basis: gross #### Resource Data - Category: inferred - Tonnes: 409000 - Grade: 0.07 - Grade Unit: g/t - Contained Metal: 0.87 - Contained Unit: koz - Cutoff Grade: 150 - Cutoff Unit: g/t AgEq #### Prior Estimate - Resource Date: 2026-01-08 #### Metal Equivalent - Metal Eq. Grade: 351 - Metal Eq. Unit: g/t AgEq - Assumptions Disclosed: Yes #### Lab - Laboratory: ALS Chemex and ActLabs #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-28T00:00:00.000Z Reasoning: Gold is a byproduct in the Europa HW zone of the maiden Inferred resource, contributing to the overall AgEq grade. - Positive factor: Maiden Resource - Positive factor: NI 43-101 Compliant - Positive factor: QP Signed - Positive factor: Metal Equivalent Assumptions Disclosed - Positive factor: Cut-off Disclosed - Negative factor: All Inferred Evidence · table > 0.07 Context: 409 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/minaurum-announces-initial-resource-estimate-at-alamos-silver-project-of-55-mill--a3922b41-6179-45f5-b681-96811635ba0b#fact-resource-facts-42) Alamos Silver Project · copper #### Identity - Project: Alamos Silver Project - Commodity: copper - Region: mexico - Reported Region: Sonora, Mexico - Ticker: MGG #### Resource scope - Estimate type: resource - Effective date: 2026-01-08T00:00:00.000Z - Reporting standards: ni\_43\_101, other - QP Signed: Yes - Qualified person names: Michael G. Hester - Resource group id: resource:55618cb6fa417c41b87f - Deposit or zone: Europa HW - Mining method: underground - Ownership percent: 100 % - Resource basis: gross #### Resource Data - Category: inferred - Tonnes: 409000 - Grade: 0.48 - Grade Unit: % - Contained Metal: 4355 - Contained Unit: klbs - Cutoff Grade: 150 - Cutoff Unit: g/t AgEq #### Prior Estimate - Resource Date: 2026-01-08 #### Metal Equivalent - Metal Eq. Grade: 351 - Metal Eq. Unit: g/t AgEq - Assumptions Disclosed: Yes #### Lab - Laboratory: ALS Chemex and ActLabs #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-28T00:00:00.000Z Reasoning: Copper is a byproduct in the Europa HW zone of the maiden Inferred resource, contributing to the overall AgEq grade. - Positive factor: Maiden Resource - Positive factor: NI 43-101 Compliant - Positive factor: QP Signed - Positive factor: Metal Equivalent Assumptions Disclosed - Positive factor: Cut-off Disclosed - Negative factor: All Inferred Evidence · table > 0.48 Context: 409 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/minaurum-announces-initial-resource-estimate-at-alamos-silver-project-of-55-mill--a3922b41-6179-45f5-b681-96811635ba0b#fact-resource-facts-43) Alamos Silver Project · lead #### Identity - Project: Alamos Silver Project - Commodity: lead - Region: mexico - Reported Region: Sonora, Mexico - Ticker: MGG #### Resource scope - Estimate type: resource - Effective date: 2026-01-08T00:00:00.000Z - Reporting standards: ni\_43\_101, other - QP Signed: Yes - Qualified person names: Michael G. Hester - Resource group id: resource:55618cb6fa417c41b87f - Deposit or zone: Europa HW - Mining method: underground - Ownership percent: 100 % - Resource basis: gross #### Resource Data - Category: inferred - Tonnes: 409000 - Grade: 0.38 - Grade Unit: % - Contained Metal: 3426 - Contained Unit: klbs - Cutoff Grade: 150 - Cutoff Unit: g/t AgEq #### Prior Estimate - Resource Date: 2026-01-08 #### Metal Equivalent - Metal Eq. Grade: 351 - Metal Eq. Unit: g/t AgEq - Assumptions Disclosed: Yes #### Lab - Laboratory: ALS Chemex and ActLabs #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-28T00:00:00.000Z Reasoning: Lead is a byproduct in the Europa HW zone of the maiden Inferred resource, contributing to the overall AgEq grade. - Positive factor: Maiden Resource - Positive factor: NI 43-101 Compliant - Positive factor: QP Signed - Positive factor: Metal Equivalent Assumptions Disclosed - Positive factor: Cut-off Disclosed - Negative factor: All Inferred Evidence · table > 0.38 Context: 409 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/minaurum-announces-initial-resource-estimate-at-alamos-silver-project-of-55-mill--a3922b41-6179-45f5-b681-96811635ba0b#fact-resource-facts-44) Alamos Silver Project · zinc #### Identity - Project: Alamos Silver Project - Commodity: zinc - Region: mexico - Reported Region: Sonora, Mexico - Ticker: MGG #### Resource scope - Estimate type: resource - Effective date: 2026-01-08T00:00:00.000Z - Reporting standards: ni\_43\_101, other - QP Signed: Yes - Qualified person names: Michael G. Hester - Resource group id: resource:55618cb6fa417c41b87f - Deposit or zone: Europa HW - Mining method: underground - Ownership percent: 100 % - Resource basis: gross #### Resource Data - Category: inferred - Tonnes: 409000 - Grade: 1.03 - Grade Unit: % - Contained Metal: 9287 - Contained Unit: klbs - Cutoff Grade: 150 - Cutoff Unit: g/t AgEq #### Prior Estimate - Resource Date: 2026-01-08 #### Metal Equivalent - Metal Eq. Grade: 351 - Metal Eq. Unit: g/t AgEq - Assumptions Disclosed: Yes #### Lab - Laboratory: ALS Chemex and ActLabs #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-28T00:00:00.000Z Reasoning: Zinc is a byproduct in the Europa HW zone of the maiden Inferred resource, contributing to the overall AgEq grade. - Positive factor: Maiden Resource - Positive factor: NI 43-101 Compliant - Positive factor: QP Signed - Positive factor: Metal Equivalent Assumptions Disclosed - Positive factor: Cut-off Disclosed - Negative factor: All Inferred Evidence · table > 1.03 Context: 409 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/minaurum-announces-initial-resource-estimate-at-alamos-silver-project-of-55-mill--a3922b41-6179-45f5-b681-96811635ba0b#fact-resource-facts-45) Alamos Silver Project · silver #### Identity - Project: Alamos Silver Project - Commodity: silver - Region: mexico - Reported Region: Sonora, Mexico - Ticker: MGG #### Resource scope - Estimate type: resource - Effective date: 2026-01-08T00:00:00.000Z - Reporting standards: ni\_43\_101, other - QP Signed: Yes - Qualified person names: Michael G. Hester - Resource group id: resource:fdb3a0f8aa3b62f03e3c - Deposit or zone: Europa HW2 - Mining method: underground - Ownership percent: 100 % - Resource basis: gross #### Resource Data - Category: inferred - Tonnes: 51000 - Grade: 167 - Grade Unit: g/t - Contained Metal: 274 - Contained Unit: koz - Cutoff Grade: 150 - Cutoff Unit: g/t AgEq #### Prior Estimate - Resource Date: 2026-01-08 #### Metal Equivalent - Metal Eq. Grade: 242 - Metal Eq. Unit: g/t AgEq - Assumptions Disclosed: Yes #### Lab - Laboratory: ALS Chemex and ActLabs #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-28T00:00:00.000Z Reasoning: This is a high-grade silver component of the maiden Inferred resource for the Europa HW2 zone, contributing to the overall project. - Positive factor: Maiden Resource - Positive factor: High Grade - Positive factor: NI 43-101 Compliant - Positive factor: QP Signed - Positive factor: Metal Equivalent Assumptions Disclosed - Positive factor: Cut-off Disclosed - Negative factor: All Inferred Evidence · table > 167 Context: 51 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/minaurum-announces-initial-resource-estimate-at-alamos-silver-project-of-55-mill--a3922b41-6179-45f5-b681-96811635ba0b#fact-resource-facts-46) Alamos Silver Project · gold #### Identity - Project: Alamos Silver Project - Commodity: gold - Region: mexico - Reported Region: Sonora, Mexico - Ticker: MGG #### Resource scope - Estimate type: resource - Effective date: 2026-01-08T00:00:00.000Z - Reporting standards: ni\_43\_101, other - QP Signed: Yes - Qualified person names: Michael G. Hester - Resource group id: resource:fdb3a0f8aa3b62f03e3c - Deposit or zone: Europa HW2 - Mining method: underground - Ownership percent: 100 % - Resource basis: gross #### Resource Data - Category: inferred - Tonnes: 51000 - Grade: 0.02 - Grade Unit: g/t - Contained Metal: 0.03 - Contained Unit: koz - Cutoff Grade: 150 - Cutoff Unit: g/t AgEq #### Prior Estimate - Resource Date: 2026-01-08 #### Metal Equivalent - Metal Eq. Grade: 242 - Metal Eq. Unit: g/t AgEq - Assumptions Disclosed: Yes #### Lab - Laboratory: ALS Chemex and ActLabs #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-28T00:00:00.000Z Reasoning: Gold is a byproduct in the Europa HW2 zone of the maiden Inferred resource, contributing to the overall AgEq grade. - Positive factor: Maiden Resource - Positive factor: NI 43-101 Compliant - Positive factor: QP Signed - Positive factor: Metal Equivalent Assumptions Disclosed - Positive factor: Cut-off Disclosed - Negative factor: All Inferred Evidence · table > 0.02 Context: 51 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/minaurum-announces-initial-resource-estimate-at-alamos-silver-project-of-55-mill--a3922b41-6179-45f5-b681-96811635ba0b#fact-resource-facts-47) Alamos Silver Project · copper #### Identity - Project: Alamos Silver Project - Commodity: copper - Region: mexico - Reported Region: Sonora, Mexico - Ticker: MGG #### Resource scope - Estimate type: resource - Effective date: 2026-01-08T00:00:00.000Z - Reporting standards: ni\_43\_101, other - QP Signed: Yes - Qualified person names: Michael G. Hester - Resource group id: resource:fdb3a0f8aa3b62f03e3c - Deposit or zone: Europa HW2 - Mining method: underground - Ownership percent: 100 % - Resource basis: gross #### Resource Data - Category: inferred - Tonnes: 51000 - Grade: 0.41 - Grade Unit: % - Contained Metal: 462 - Contained Unit: klbs - Cutoff Grade: 150 - Cutoff Unit: g/t AgEq #### Prior Estimate - Resource Date: 2026-01-08 #### Metal Equivalent - Metal Eq. Grade: 242 - Metal Eq. Unit: g/t AgEq - Assumptions Disclosed: Yes #### Lab - Laboratory: ALS Chemex and ActLabs #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-28T00:00:00.000Z Reasoning: Copper is a byproduct in the Europa HW2 zone of the maiden Inferred resource, contributing to the overall AgEq grade. - Positive factor: Maiden Resource - Positive factor: NI 43-101 Compliant - Positive factor: QP Signed - Positive factor: Metal Equivalent Assumptions Disclosed - Positive factor: Cut-off Disclosed - Negative factor: All Inferred Evidence · table > 0.41 Context: 51 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/minaurum-announces-initial-resource-estimate-at-alamos-silver-project-of-55-mill--a3922b41-6179-45f5-b681-96811635ba0b#fact-resource-facts-48) Alamos Silver Project · lead #### Identity - Project: Alamos Silver Project - Commodity: lead - Region: mexico - Reported Region: Sonora, Mexico - Ticker: MGG #### Resource scope - Estimate type: resource - Effective date: 2026-01-08T00:00:00.000Z - Reporting standards: ni\_43\_101, other - QP Signed: Yes - Qualified person names: Michael G. Hester - Resource group id: resource:fdb3a0f8aa3b62f03e3c - Deposit or zone: Europa HW2 - Mining method: underground - Ownership percent: 100 % - Resource basis: gross #### Resource Data - Category: inferred - Tonnes: 51000 - Grade: 0.72 - Grade Unit: % - Contained Metal: 810 - Contained Unit: klbs - Cutoff Grade: 150 - Cutoff Unit: g/t AgEq #### Prior Estimate - Resource Date: 2026-01-08 #### Metal Equivalent - Metal Eq. Grade: 242 - Metal Eq. Unit: g/t AgEq - Assumptions Disclosed: Yes #### Lab - Laboratory: ALS Chemex and ActLabs #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-28T00:00:00.000Z Reasoning: Lead is a byproduct in the Europa HW2 zone of the maiden Inferred resource, contributing to the overall AgEq grade. - Positive factor: Maiden Resource - Positive factor: NI 43-101 Compliant - Positive factor: QP Signed - Positive factor: Metal Equivalent Assumptions Disclosed - Positive factor: Cut-off Disclosed - Negative factor: All Inferred Evidence · table > 0.72 Context: 51 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/minaurum-announces-initial-resource-estimate-at-alamos-silver-project-of-55-mill--a3922b41-6179-45f5-b681-96811635ba0b#fact-resource-facts-49) Alamos Silver Project · zinc #### Identity - Project: Alamos Silver Project - Commodity: zinc - Region: mexico - Reported Region: Sonora, Mexico - Ticker: MGG #### Resource scope - Estimate type: resource - Effective date: 2026-01-08T00:00:00.000Z - Reporting standards: ni\_43\_101, other - QP Signed: Yes - Qualified person names: Michael G. Hester - Resource group id: resource:fdb3a0f8aa3b62f03e3c - Deposit or zone: Europa HW2 - Mining method: underground - Ownership percent: 100 % - Resource basis: gross #### Resource Data - Category: inferred - Tonnes: 51000 - Grade: 1.1 - Grade Unit: % - Contained Metal: 1237 - Contained Unit: klbs - Cutoff Grade: 150 - Cutoff Unit: g/t AgEq #### Prior Estimate - Resource Date: 2026-01-08 #### Metal Equivalent - Metal Eq. Grade: 242 - Metal Eq. Unit: g/t AgEq - Assumptions Disclosed: Yes #### Lab - Laboratory: ALS Chemex and ActLabs #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-28T00:00:00.000Z Reasoning: Zinc is a byproduct in the Europa HW2 zone of the maiden Inferred resource, contributing to the overall AgEq grade. - Positive factor: Maiden Resource - Positive factor: NI 43-101 Compliant - Positive factor: QP Signed - Positive factor: Metal Equivalent Assumptions Disclosed - Positive factor: Cut-off Disclosed - Negative factor: All Inferred Evidence · table > 1.10 Context: 51 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/minaurum-announces-initial-resource-estimate-at-alamos-silver-project-of-55-mill--a3922b41-6179-45f5-b681-96811635ba0b#fact-resource-facts-50) Alamos Silver Project · silver #### Identity - Project: Alamos Silver Project - Commodity: silver - Region: mexico - Reported Region: Sonora, Mexico - Ticker: MGG #### Resource scope - Estimate type: resource - Effective date: 2026-01-08T00:00:00.000Z - Reporting standards: ni\_43\_101, other - QP Signed: Yes - Qualified person names: Michael G. Hester - Resource group id: resource:19b46e0ec0da68db682d - Deposit or zone: Europa HW3 - Mining method: underground - Ownership percent: 100 % - Resource basis: gross #### Resource Data - Category: inferred - Tonnes: 45000 - Grade: 244 - Grade Unit: g/t - Contained Metal: 353 - Contained Unit: koz - Cutoff Grade: 150 - Cutoff Unit: g/t AgEq #### Prior Estimate - Resource Date: 2026-01-08 #### Metal Equivalent - Metal Eq. Grade: 308 - Metal Eq. Unit: g/t AgEq - Assumptions Disclosed: Yes #### Lab - Laboratory: ALS Chemex and ActLabs #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-28T00:00:00.000Z Reasoning: This is a high-grade silver component of the maiden Inferred resource for the Europa HW3 zone, contributing to the overall project. - Positive factor: Maiden Resource - Positive factor: High Grade - Positive factor: NI 43-101 Compliant - Positive factor: QP Signed - Positive factor: Metal Equivalent Assumptions Disclosed - Positive factor: Cut-off Disclosed - Negative factor: All Inferred Evidence · table > 244 Context: 45 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/minaurum-announces-initial-resource-estimate-at-alamos-silver-project-of-55-mill--a3922b41-6179-45f5-b681-96811635ba0b#fact-resource-facts-51) Alamos Silver Project · gold #### Identity - Project: Alamos Silver Project - Commodity: gold - Region: mexico - Reported Region: Sonora, Mexico - Ticker: MGG #### Resource scope - Estimate type: resource - Effective date: 2026-01-08T00:00:00.000Z - Reporting standards: ni\_43\_101, other - QP Signed: Yes - Qualified person names: Michael G. Hester - Resource group id: resource:19b46e0ec0da68db682d - Deposit or zone: Europa HW3 - Mining method: underground - Ownership percent: 100 % - Resource basis: gross #### Resource Data - Category: inferred - Tonnes: 45000 - Grade: 0.01 - Grade Unit: g/t - Contained Metal: 0.01 - Contained Unit: koz - Cutoff Grade: 150 - Cutoff Unit: g/t AgEq #### Prior Estimate - Resource Date: 2026-01-08 #### Metal Equivalent - Metal Eq. Grade: 308 - Metal Eq. Unit: g/t AgEq - Assumptions Disclosed: Yes #### Lab - Laboratory: ALS Chemex and ActLabs #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-28T00:00:00.000Z Reasoning: Gold is a byproduct in the Europa HW3 zone of the maiden Inferred resource, contributing to the overall AgEq grade. - Positive factor: Maiden Resource - Positive factor: NI 43-101 Compliant - Positive factor: QP Signed - Positive factor: Metal Equivalent Assumptions Disclosed - Positive factor: Cut-off Disclosed - Negative factor: All Inferred Evidence · table > 0.01 Context: 45 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/minaurum-announces-initial-resource-estimate-at-alamos-silver-project-of-55-mill--a3922b41-6179-45f5-b681-96811635ba0b#fact-resource-facts-52) Alamos Silver Project · copper #### Identity - Project: Alamos Silver Project - Commodity: copper - Region: mexico - Reported Region: Sonora, Mexico - Ticker: MGG #### Resource scope - Estimate type: resource - Effective date: 2026-01-08T00:00:00.000Z - Reporting standards: ni\_43\_101, other - QP Signed: Yes - Qualified person names: Michael G. Hester - Resource group id: resource:19b46e0ec0da68db682d - Deposit or zone: Europa HW3 - Mining method: underground - Ownership percent: 100 % - Resource basis: gross #### Resource Data - Category: inferred - Tonnes: 45000 - Grade: 0.37 - Grade Unit: % - Contained Metal: 370 - Contained Unit: klbs - Cutoff Grade: 150 - Cutoff Unit: g/t AgEq #### Prior Estimate - Resource Date: 2026-01-08 #### Metal Equivalent - Metal Eq. Grade: 308 - Metal Eq. Unit: g/t AgEq - Assumptions Disclosed: Yes #### Lab - Laboratory: ALS Chemex and ActLabs #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-28T00:00:00.000Z Reasoning: Copper is a byproduct in the Europa HW3 zone of the maiden Inferred resource, contributing to the overall AgEq grade. - Positive factor: Maiden Resource - Positive factor: NI 43-101 Compliant - Positive factor: QP Signed - Positive factor: Metal Equivalent Assumptions Disclosed - Positive factor: Cut-off Disclosed - Negative factor: All Inferred Evidence · table > 0.37 Context: 45 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/minaurum-announces-initial-resource-estimate-at-alamos-silver-project-of-55-mill--a3922b41-6179-45f5-b681-96811635ba0b#fact-resource-facts-53) Alamos Silver Project · lead #### Identity - Project: Alamos Silver Project - Commodity: lead - Region: mexico - Reported Region: Sonora, Mexico - Ticker: MGG #### Resource scope - Estimate type: resource - Effective date: 2026-01-08T00:00:00.000Z - Reporting standards: ni\_43\_101, other - QP Signed: Yes - Qualified person names: Michael G. Hester - Resource group id: resource:19b46e0ec0da68db682d - Deposit or zone: Europa HW3 - Mining method: underground - Ownership percent: 100 % - Resource basis: gross #### Resource Data - Category: inferred - Tonnes: 45000 - Grade: 0.64 - Grade Unit: % - Contained Metal: 635 - Contained Unit: klbs - Cutoff Grade: 150 - Cutoff Unit: g/t AgEq #### Prior Estimate - Resource Date: 2026-01-08 #### Metal Equivalent - Metal Eq. Grade: 308 - Metal Eq. Unit: g/t AgEq - Assumptions Disclosed: Yes #### Lab - Laboratory: ALS Chemex and ActLabs #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-28T00:00:00.000Z Reasoning: Lead is a byproduct in the Europa HW3 zone of the maiden Inferred resource, contributing to the overall AgEq grade. - Positive factor: Maiden Resource - Positive factor: NI 43-101 Compliant - Positive factor: QP Signed - Positive factor: Metal Equivalent Assumptions Disclosed - Positive factor: Cut-off Disclosed - Negative factor: All Inferred Evidence · table > 0.64 Context: 45 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/minaurum-announces-initial-resource-estimate-at-alamos-silver-project-of-55-mill--a3922b41-6179-45f5-b681-96811635ba0b#fact-resource-facts-54) Alamos Silver Project · zinc #### Identity - Project: Alamos Silver Project - Commodity: zinc - Region: mexico - Reported Region: Sonora, Mexico - Ticker: MGG #### Resource scope - Estimate type: resource - Effective date: 2026-01-08T00:00:00.000Z - Reporting standards: ni\_43\_101, other - QP Signed: Yes - Qualified person names: Michael G. Hester - Resource group id: resource:19b46e0ec0da68db682d - Deposit or zone: Europa HW3 - Mining method: underground - Ownership percent: 100 % - Resource basis: gross #### Resource Data - Category: inferred - Tonnes: 45000 - Grade: 0.88 - Grade Unit: % - Contained Metal: 873 - Contained Unit: klbs - Cutoff Grade: 150 - Cutoff Unit: g/t AgEq #### Prior Estimate - Resource Date: 2026-01-08 #### Metal Equivalent - Metal Eq. Grade: 308 - Metal Eq. Unit: g/t AgEq - Assumptions Disclosed: Yes #### Lab - Laboratory: ALS Chemex and ActLabs #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-28T00:00:00.000Z Reasoning: Zinc is a byproduct in the Europa HW3 zone of the maiden Inferred resource, contributing to the overall AgEq grade. - Positive factor: Maiden Resource - Positive factor: NI 43-101 Compliant - Positive factor: QP Signed - Positive factor: Metal Equivalent Assumptions Disclosed - Positive factor: Cut-off Disclosed - Negative factor: All Inferred Evidence · table > 0.88 Context: 45 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/minaurum-announces-initial-resource-estimate-at-alamos-silver-project-of-55-mill--a3922b41-6179-45f5-b681-96811635ba0b#fact-resource-facts-55) Alamos Silver Project · silver #### Identity - Project: Alamos Silver Project - Commodity: silver - Region: mexico - Reported Region: Sonora, Mexico - Ticker: MGG #### Resource scope - Estimate type: resource - Effective date: 2026-01-08T00:00:00.000Z - Reporting standards: ni\_43\_101, other - QP Signed: Yes - Qualified person names: Michael G. Hester - Resource group id: resource:021f3676a76df8989bf4 - Deposit or zone: Europa HW4 - Mining method: underground - Ownership percent: 100 % - Resource basis: gross #### Resource Data - Category: inferred - Tonnes: 32000 - Grade: 502 - Grade Unit: g/t - Contained Metal: 517 - Contained Unit: koz - Cutoff Grade: 150 - Cutoff Unit: g/t AgEq #### Prior Estimate - Resource Date: 2026-01-08 #### Metal Equivalent - Metal Eq. Grade: 667 - Metal Eq. Unit: g/t AgEq - Assumptions Disclosed: Yes #### Lab - Laboratory: ALS Chemex and ActLabs #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-28T00:00:00.000Z Reasoning: This is a high-grade silver component of the maiden Inferred resource for the Europa HW4 zone, contributing significantly to the overall project. - Positive factor: Maiden Resource - Positive factor: High Grade - Positive factor: NI 43-101 Compliant - Positive factor: QP Signed - Positive factor: Metal Equivalent Assumptions Disclosed - Positive factor: Cut-off Disclosed - Negative factor: All Inferred Evidence · table > 502 Context: 32 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/minaurum-announces-initial-resource-estimate-at-alamos-silver-project-of-55-mill--a3922b41-6179-45f5-b681-96811635ba0b#fact-resource-facts-56) Alamos Silver Project · gold #### Identity - Project: Alamos Silver Project - Commodity: gold - Region: mexico - Reported Region: Sonora, Mexico - Ticker: MGG #### Resource scope - Estimate type: resource - Effective date: 2026-01-08T00:00:00.000Z - Reporting standards: ni\_43\_101, other - QP Signed: Yes - Qualified person names: Michael G. Hester - Resource group id: resource:021f3676a76df8989bf4 - Deposit or zone: Europa HW4 - Mining method: underground - Ownership percent: 100 % - Resource basis: gross #### Resource Data - Category: inferred - Tonnes: 32000 - Grade: 0.02 - Grade Unit: g/t - Contained Metal: 0.02 - Contained Unit: koz - Cutoff Grade: 150 - Cutoff Unit: g/t AgEq #### Prior Estimate - Resource Date: 2026-01-08 #### Metal Equivalent - Metal Eq. Grade: 667 - Metal Eq. Unit: g/t AgEq - Assumptions Disclosed: Yes #### Lab - Laboratory: ALS Chemex and ActLabs #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-28T00:00:00.000Z Reasoning: Gold is a byproduct in the Europa HW4 zone of the maiden Inferred resource, contributing to the overall AgEq grade. - Positive factor: Maiden Resource - Positive factor: NI 43-101 Compliant - Positive factor: QP Signed - Positive factor: Metal Equivalent Assumptions Disclosed - Positive factor: Cut-off Disclosed - Negative factor: All Inferred Evidence · table > 0.02 Context: 32 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/minaurum-announces-initial-resource-estimate-at-alamos-silver-project-of-55-mill--a3922b41-6179-45f5-b681-96811635ba0b#fact-resource-facts-57) Alamos Silver Project · copper #### Identity - Project: Alamos Silver Project - Commodity: copper - Region: mexico - Reported Region: Sonora, Mexico - Ticker: MGG #### Resource scope - Estimate type: resource - Effective date: 2026-01-08T00:00:00.000Z - Reporting standards: ni\_43\_101, other - QP Signed: Yes - Qualified person names: Michael G. Hester - Resource group id: resource:021f3676a76df8989bf4 - Deposit or zone: Europa HW4 - Mining method: underground - Ownership percent: 100 % - Resource basis: gross #### Resource Data - Category: inferred - Tonnes: 32000 - Grade: 0.26 - Grade Unit: % - Contained Metal: 184 - Contained Unit: klbs - Cutoff Grade: 150 - Cutoff Unit: g/t AgEq #### Prior Estimate - Resource Date: 2026-01-08 #### Metal Equivalent - Metal Eq. Grade: 667 - Metal Eq. Unit: g/t AgEq - Assumptions Disclosed: Yes #### Lab - Laboratory: ALS Chemex and ActLabs #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-28T00:00:00.000Z Reasoning: Copper is a byproduct in the Europa HW4 zone of the maiden Inferred resource, contributing to the overall AgEq grade. - Positive factor: Maiden Resource - Positive factor: NI 43-101 Compliant - Positive factor: QP Signed - Positive factor: Metal Equivalent Assumptions Disclosed - Positive factor: Cut-off Disclosed - Negative factor: All Inferred Evidence · table > 0.26 Context: 32 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/minaurum-announces-initial-resource-estimate-at-alamos-silver-project-of-55-mill--a3922b41-6179-45f5-b681-96811635ba0b#fact-resource-facts-58) Alamos Silver Project · lead #### Identity - Project: Alamos Silver Project - Commodity: lead - Region: mexico - Reported Region: Sonora, Mexico - Ticker: MGG #### Resource scope - Estimate type: resource - Effective date: 2026-01-08T00:00:00.000Z - Reporting standards: ni\_43\_101, other - QP Signed: Yes - Qualified person names: Michael G. Hester - Resource group id: resource:021f3676a76df8989bf4 - Deposit or zone: Europa HW4 - Mining method: underground - Ownership percent: 100 % - Resource basis: gross #### Resource Data - Category: inferred - Tonnes: 32000 - Grade: 2.05 - Grade Unit: % - Contained Metal: 1446 - Contained Unit: klbs - Cutoff Grade: 150 - Cutoff Unit: g/t AgEq #### Prior Estimate - Resource Date: 2026-01-08 #### Metal Equivalent - Metal Eq. Grade: 667 - Metal Eq. Unit: g/t AgEq - Assumptions Disclosed: Yes #### Lab - Laboratory: ALS Chemex and ActLabs #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-28T00:00:00.000Z Reasoning: Lead is a byproduct in the Europa HW4 zone of the maiden Inferred resource, contributing to the overall AgEq grade. - Positive factor: Maiden Resource - Positive factor: NI 43-101 Compliant - Positive factor: QP Signed - Positive factor: Metal Equivalent Assumptions Disclosed - Positive factor: Cut-off Disclosed - Negative factor: All Inferred Evidence · table > 2.05 Context: 32 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/minaurum-announces-initial-resource-estimate-at-alamos-silver-project-of-55-mill--a3922b41-6179-45f5-b681-96811635ba0b#fact-resource-facts-59) Alamos Silver Project · zinc #### Identity - Project: Alamos Silver Project - Commodity: zinc - Region: mexico - Reported Region: Sonora, Mexico - Ticker: MGG #### Resource scope - Estimate type: resource - Effective date: 2026-01-08T00:00:00.000Z - Reporting standards: ni\_43\_101, other - QP Signed: Yes - Qualified person names: Michael G. Hester - Resource group id: resource:021f3676a76df8989bf4 - Deposit or zone: Europa HW4 - Mining method: underground - Ownership percent: 100 % - Resource basis: gross #### Resource Data - Category: inferred - Tonnes: 32000 - Grade: 4.69 - Grade Unit: % - Contained Metal: 3309 - Contained Unit: klbs - Cutoff Grade: 150 - Cutoff Unit: g/t AgEq #### Prior Estimate - Resource Date: 2026-01-08 #### Metal Equivalent - Metal Eq. Grade: 667 - Metal Eq. Unit: g/t AgEq - Assumptions Disclosed: Yes #### Lab - Laboratory: ALS Chemex and ActLabs #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-28T00:00:00.000Z Reasoning: Zinc is a byproduct in the Europa HW4 zone of the maiden Inferred resource, contributing to the overall AgEq grade. - Positive factor: Maiden Resource - Positive factor: NI 43-101 Compliant - Positive factor: QP Signed - Positive factor: Metal Equivalent Assumptions Disclosed - Positive factor: Cut-off Disclosed - Negative factor: All Inferred Evidence · table > 4.69 Context: 32 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/minaurum-announces-initial-resource-estimate-at-alamos-silver-project-of-55-mill--a3922b41-6179-45f5-b681-96811635ba0b#fact-resource-facts-60) Alamos Silver Project · silver #### Identity - Project: Alamos Silver Project - Commodity: silver - Region: mexico - Reported Region: Sonora, Mexico - Ticker: MGG #### Resource scope - Estimate type: resource - Effective date: 2026-01-08T00:00:00.000Z - Reporting standards: ni\_43\_101, other - QP Signed: Yes - Qualified person names: Michael G. Hester - Resource group id: resource:e6d150fe67f658aa4cbc - Deposit or zone: Nuevas Europa - Mining method: underground - Ownership percent: 100 % - Resource basis: gross #### Resource Data - Category: inferred - Tonnes: 53000 - Grade: 358 - Grade Unit: g/t - Contained Metal: 611 - Contained Unit: koz - Cutoff Grade: 150 - Cutoff Unit: g/t AgEq #### Prior Estimate - Resource Date: 2026-01-08 #### Metal Equivalent - Metal Eq. Grade: 428 - Metal Eq. Unit: g/t AgEq - Assumptions Disclosed: Yes #### Lab - Laboratory: ALS Chemex and ActLabs #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-28T00:00:00.000Z Reasoning: This is a high-grade silver component of the maiden Inferred resource for the Nuevas Europa zone, contributing significantly to the overall project. - Positive factor: Maiden Resource - Positive factor: High Grade - Positive factor: NI 43-101 Compliant - Positive factor: QP Signed - Positive factor: Metal Equivalent Assumptions Disclosed - Positive factor: Cut-off Disclosed - Negative factor: All Inferred Evidence · table > 358 Context: 53 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/minaurum-announces-initial-resource-estimate-at-alamos-silver-project-of-55-mill--a3922b41-6179-45f5-b681-96811635ba0b#fact-resource-facts-61) Alamos Silver Project · gold #### Identity - Project: Alamos Silver Project - Commodity: gold - Region: mexico - Reported Region: Sonora, Mexico - Ticker: MGG #### Resource scope - Estimate type: resource - Effective date: 2026-01-08T00:00:00.000Z - Reporting standards: ni\_43\_101, other - QP Signed: Yes - Qualified person names: Michael G. Hester - Resource group id: resource:e6d150fe67f658aa4cbc - Deposit or zone: Nuevas Europa - Mining method: underground - Ownership percent: 100 % - Resource basis: gross #### Resource Data - Category: inferred - Tonnes: 53000 - Grade: 0.03 - Grade Unit: g/t - Contained Metal: 0.05 - Contained Unit: koz - Cutoff Grade: 150 - Cutoff Unit: g/t AgEq #### Prior Estimate - Resource Date: 2026-01-08 #### Metal Equivalent - Metal Eq. Grade: 428 - Metal Eq. Unit: g/t AgEq - Assumptions Disclosed: Yes #### Lab - Laboratory: ALS Chemex and ActLabs #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-28T00:00:00.000Z Reasoning: Gold is a byproduct in the Nuevas Europa zone of the maiden Inferred resource, contributing to the overall AgEq grade. - Positive factor: Maiden Resource - Positive factor: NI 43-101 Compliant - Positive factor: QP Signed - Positive factor: Metal Equivalent Assumptions Disclosed - Positive factor: Cut-off Disclosed - Negative factor: All Inferred Evidence · table > 0.03 Context: 53 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/minaurum-announces-initial-resource-estimate-at-alamos-silver-project-of-55-mill--a3922b41-6179-45f5-b681-96811635ba0b#fact-resource-facts-62) Alamos Silver Project · copper #### Identity - Project: Alamos Silver Project - Commodity: copper - Region: mexico - Reported Region: Sonora, Mexico - Ticker: MGG #### Resource scope - Estimate type: resource - Effective date: 2026-01-08T00:00:00.000Z - Reporting standards: ni\_43\_101, other - QP Signed: Yes - Qualified person names: Michael G. Hester - Resource group id: resource:e6d150fe67f658aa4cbc - Deposit or zone: Nuevas Europa - Mining method: underground - Ownership percent: 100 % - Resource basis: gross #### Resource Data - Category: inferred - Tonnes: 53000 - Grade: 0.39 - Grade Unit: % - Contained Metal: 456 - Contained Unit: klbs - Cutoff Grade: 150 - Cutoff Unit: g/t AgEq #### Prior Estimate - Resource Date: 2026-01-08 #### Metal Equivalent - Metal Eq. Grade: 428 - Metal Eq. Unit: g/t AgEq - Assumptions Disclosed: Yes #### Lab - Laboratory: ALS Chemex and ActLabs #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-28T00:00:00.000Z Reasoning: Copper is a byproduct in the Nuevas Europa zone of the maiden Inferred resource, contributing to the overall AgEq grade. - Positive factor: Maiden Resource - Positive factor: NI 43-101 Compliant - Positive factor: QP Signed - Positive factor: Metal Equivalent Assumptions Disclosed - Positive factor: Cut-off Disclosed - Negative factor: All Inferred Evidence · table > 0.39 Context: 53 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/minaurum-announces-initial-resource-estimate-at-alamos-silver-project-of-55-mill--a3922b41-6179-45f5-b681-96811635ba0b#fact-resource-facts-63) Alamos Silver Project · lead #### Identity - Project: Alamos Silver Project - Commodity: lead - Region: mexico - Reported Region: Sonora, Mexico - Ticker: MGG #### Resource scope - Estimate type: resource - Effective date: 2026-01-08T00:00:00.000Z - Reporting standards: ni\_43\_101, other - QP Signed: Yes - Qualified person names: Michael G. Hester - Resource group id: resource:e6d150fe67f658aa4cbc - Deposit or zone: Nuevas Europa - Mining method: underground - Ownership percent: 100 % - Resource basis: gross #### Resource Data - Category: inferred - Tonnes: 53000 - Grade: 0.62 - Grade Unit: % - Contained Metal: 724 - Contained Unit: klbs - Cutoff Grade: 150 - Cutoff Unit: g/t AgEq #### Prior Estimate - Resource Date: 2026-01-08 #### Metal Equivalent - Metal Eq. Grade: 428 - Metal Eq. Unit: g/t AgEq - Assumptions Disclosed: Yes #### Lab - Laboratory: ALS Chemex and ActLabs #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-28T00:00:00.000Z Reasoning: Lead is a byproduct in the Nuevas Europa zone of the maiden Inferred resource, contributing to the overall AgEq grade. - Positive factor: Maiden Resource - Positive factor: NI 43-101 Compliant - Positive factor: QP Signed - Positive factor: Metal Equivalent Assumptions Disclosed - Positive factor: Cut-off Disclosed - Negative factor: All Inferred Evidence · table > 0.62 Context: 53 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/minaurum-announces-initial-resource-estimate-at-alamos-silver-project-of-55-mill--a3922b41-6179-45f5-b681-96811635ba0b#fact-resource-facts-64) Alamos Silver Project · zinc #### Identity - Project: Alamos Silver Project - Commodity: zinc - Region: mexico - Reported Region: Sonora, Mexico - Ticker: MGG #### Resource scope - Estimate type: resource - Effective date: 2026-01-08T00:00:00.000Z - Reporting standards: ni\_43\_101, other - QP Signed: Yes - Qualified person names: Michael G. Hester - Resource group id: resource:e6d150fe67f658aa4cbc - Deposit or zone: Nuevas Europa - Mining method: underground - Ownership percent: 100 % - Resource basis: gross #### Resource Data - Category: inferred - Tonnes: 53000 - Grade: 0.98 - Grade Unit: % - Contained Metal: 1145 - Contained Unit: klbs - Cutoff Grade: 150 - Cutoff Unit: g/t AgEq #### Prior Estimate - Resource Date: 2026-01-08 #### Metal Equivalent - Metal Eq. Grade: 428 - Metal Eq. Unit: g/t AgEq - Assumptions Disclosed: Yes #### Lab - Laboratory: ALS Chemex and ActLabs #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-28T00:00:00.000Z Reasoning: Zinc is a byproduct in the Nuevas Europa zone of the maiden Inferred resource, contributing to the overall AgEq grade. - Positive factor: Maiden Resource - Positive factor: NI 43-101 Compliant - Positive factor: QP Signed - Positive factor: Metal Equivalent Assumptions Disclosed - Positive factor: Cut-off Disclosed - Negative factor: All Inferred Evidence · table > 0.98 Context: 53 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/minaurum-announces-initial-resource-estimate-at-alamos-silver-project-of-55-mill--a3922b41-6179-45f5-b681-96811635ba0b#fact-resource-facts-65) Alamos Silver Project · silver #### Identity - Project: Alamos Silver Project - Commodity: silver - Region: mexico - Reported Region: Sonora, Mexico - Ticker: MGG #### Resource scope - Estimate type: resource - Effective date: 2026-01-08T00:00:00.000Z - Reporting standards: ni\_43\_101, other - QP Signed: Yes - Qualified person names: Michael G. Hester - Resource group id: resource:ccbe6505a24104a8c0d6 - Deposit or zone: Nuevas Europa HW - Mining method: underground - Ownership percent: 100 % - Resource basis: gross #### Resource Data - Category: inferred - Tonnes: 119000 - Grade: 238 - Grade Unit: g/t - Contained Metal: 909 - Contained Unit: koz - Cutoff Grade: 150 - Cutoff Unit: g/t AgEq #### Prior Estimate - Resource Date: 2026-01-08 #### Metal Equivalent - Metal Eq. Grade: 300 - Metal Eq. Unit: g/t AgEq - Assumptions Disclosed: Yes #### Lab - Laboratory: ALS Chemex and ActLabs #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-28T00:00:00.000Z Reasoning: This is a high-grade silver component of the maiden Inferred resource for the Nuevas Europa HW zone, contributing significantly to the overall project. - Positive factor: Maiden Resource - Positive factor: High Grade - Positive factor: NI 43-101 Compliant - Positive factor: QP Signed - Positive factor: Metal Equivalent Assumptions Disclosed - Positive factor: Cut-off Disclosed - Negative factor: All Inferred Evidence · table > 238 Context: 119 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/minaurum-announces-initial-resource-estimate-at-alamos-silver-project-of-55-mill--a3922b41-6179-45f5-b681-96811635ba0b#fact-resource-facts-66) Alamos Silver Project · gold #### Identity - Project: Alamos Silver Project - Commodity: gold - Region: mexico - Reported Region: Sonora, Mexico - Ticker: MGG #### Resource scope - Estimate type: resource - Effective date: 2026-01-08T00:00:00.000Z - Reporting standards: ni\_43\_101, other - QP Signed: Yes - Qualified person names: Michael G. Hester - Resource group id: resource:ccbe6505a24104a8c0d6 - Deposit or zone: Nuevas Europa HW - Mining method: underground - Ownership percent: 100 % - Resource basis: gross #### Resource Data - Category: inferred - Tonnes: 119000 - Grade: 0.06 - Grade Unit: g/t - Contained Metal: 0.24 - Contained Unit: koz - Cutoff Grade: 150 - Cutoff Unit: g/t AgEq #### Prior Estimate - Resource Date: 2026-01-08 #### Metal Equivalent - Metal Eq. Grade: 300 - Metal Eq. Unit: g/t AgEq - Assumptions Disclosed: Yes #### Lab - Laboratory: ALS Chemex and ActLabs #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-28T00:00:00.000Z Reasoning: Gold is a byproduct in the Nuevas Europa HW zone of the maiden Inferred resource, contributing to the overall AgEq grade. - Positive factor: Maiden Resource - Positive factor: NI 43-101 Compliant - Positive factor: QP Signed - Positive factor: Metal Equivalent Assumptions Disclosed - Positive factor: Cut-off Disclosed - Negative factor: All Inferred Evidence · table > 0.06 Context: 119 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/minaurum-announces-initial-resource-estimate-at-alamos-silver-project-of-55-mill--a3922b41-6179-45f5-b681-96811635ba0b#fact-resource-facts-67) Alamos Silver Project · copper #### Identity - Project: Alamos Silver Project - Commodity: copper - Region: mexico - Reported Region: Sonora, Mexico - Ticker: MGG #### Resource scope - Estimate type: resource - Effective date: 2026-01-08T00:00:00.000Z - Reporting standards: ni\_43\_101, other - QP Signed: Yes - Qualified person names: Michael G. Hester - Resource group id: resource:ccbe6505a24104a8c0d6 - Deposit or zone: Nuevas Europa HW - Mining method: underground - Ownership percent: 100 % - Resource basis: gross #### Resource Data - Category: inferred - Tonnes: 119000 - Grade: 0.32 - Grade Unit: % - Contained Metal: 845 - Contained Unit: klbs - Cutoff Grade: 150 - Cutoff Unit: g/t AgEq #### Prior Estimate - Resource Date: 2026-01-08 #### Metal Equivalent - Metal Eq. Grade: 300 - Metal Eq. Unit: g/t AgEq - Assumptions Disclosed: Yes #### Lab - Laboratory: ALS Chemex and ActLabs #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-28T00:00:00.000Z Reasoning: Copper is a byproduct in the Nuevas Europa HW zone of the maiden Inferred resource, contributing to the overall AgEq grade. - Positive factor: Maiden Resource - Positive factor: NI 43-101 Compliant - Positive factor: QP Signed - Positive factor: Metal Equivalent Assumptions Disclosed - Positive factor: Cut-off Disclosed - Negative factor: All Inferred Evidence · table > 0.32 Context: 119 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/minaurum-announces-initial-resource-estimate-at-alamos-silver-project-of-55-mill--a3922b41-6179-45f5-b681-96811635ba0b#fact-resource-facts-68) Alamos Silver Project · lead #### Identity - Project: Alamos Silver Project - Commodity: lead - Region: mexico - Reported Region: Sonora, Mexico - Ticker: MGG #### Resource scope - Estimate type: resource - Effective date: 2026-01-08T00:00:00.000Z - Reporting standards: ni\_43\_101, other - QP Signed: Yes - Qualified person names: Michael G. Hester - Resource group id: resource:ccbe6505a24104a8c0d6 - Deposit or zone: Nuevas Europa HW - Mining method: underground - Ownership percent: 100 % - Resource basis: gross #### Resource Data - Category: inferred - Tonnes: 119000 - Grade: 0.4 - Grade Unit: % - Contained Metal: 1049 - Contained Unit: klbs - Cutoff Grade: 150 - Cutoff Unit: g/t AgEq #### Prior Estimate - Resource Date: 2026-01-08 #### Metal Equivalent - Metal Eq. Grade: 300 - Metal Eq. Unit: g/t AgEq - Assumptions Disclosed: Yes #### Lab - Laboratory: ALS Chemex and ActLabs #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-28T00:00:00.000Z Reasoning: Lead is a byproduct in the Nuevas Europa HW zone of the maiden Inferred resource, contributing to the overall AgEq grade. - Positive factor: Maiden Resource - Positive factor: NI 43-101 Compliant - Positive factor: QP Signed - Positive factor: Metal Equivalent Assumptions Disclosed - Positive factor: Cut-off Disclosed - Negative factor: All Inferred Evidence · table > 0.40 Context: 119 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/minaurum-announces-initial-resource-estimate-at-alamos-silver-project-of-55-mill--a3922b41-6179-45f5-b681-96811635ba0b#fact-resource-facts-69) Alamos Silver Project · zinc #### Identity - Project: Alamos Silver Project - Commodity: zinc - Region: mexico - Reported Region: Sonora, Mexico - Ticker: MGG #### Resource scope - Estimate type: resource - Effective date: 2026-01-08T00:00:00.000Z - Reporting standards: ni\_43\_101, other - QP Signed: Yes - Qualified person names: Michael G. Hester - Resource group id: resource:ccbe6505a24104a8c0d6 - Deposit or zone: Nuevas Europa HW - Mining method: underground - Ownership percent: 100 % - Resource basis: gross #### Resource Data - Category: inferred - Tonnes: 119000 - Grade: 0.99 - Grade Unit: % - Contained Metal: 2597 - Contained Unit: klbs - Cutoff Grade: 150 - Cutoff Unit: g/t AgEq #### Prior Estimate - Resource Date: 2026-01-08 #### Metal Equivalent - Metal Eq. Grade: 300 - Metal Eq. Unit: g/t AgEq - Assumptions Disclosed: Yes #### Lab - Laboratory: ALS Chemex and ActLabs #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-28T00:00:00.000Z Reasoning: Zinc is a byproduct in the Nuevas Europa HW zone of the maiden Inferred resource, contributing to the overall AgEq grade. - Positive factor: Maiden Resource - Positive factor: NI 43-101 Compliant - Positive factor: QP Signed - Positive factor: Metal Equivalent Assumptions Disclosed - Positive factor: Cut-off Disclosed - Negative factor: All Inferred Evidence · table > 0.99 Context: 119 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/minaurum-announces-initial-resource-estimate-at-alamos-silver-project-of-55-mill--a3922b41-6179-45f5-b681-96811635ba0b#fact-resource-facts-70) Alamos Silver Project · silver #### Identity - Project: Alamos Silver Project - Commodity: silver - Region: mexico - Reported Region: Sonora, Mexico - Ticker: MGG #### Resource scope - Estimate type: resource - Effective date: 2026-01-08T00:00:00.000Z - Reporting standards: ni\_43\_101, other - QP Signed: Yes - Qualified person names: Michael G. Hester - Resource group id: resource:5850c92c0f32ad7aafbb - Deposit or zone: Europa/Total - Mining method: underground - Ownership percent: 100 % - Resource basis: gross #### Resource Data - Category: inferred - Tonnes: 2135000 - Grade: 295 - Grade Unit: g/t - Contained Metal: 20274 - Contained Unit: koz - Cutoff Grade: 150 - Cutoff Unit: g/t AgEq #### Prior Estimate - Resource Date: 2026-01-08 #### Metal Equivalent - Metal Eq. Grade: 386 - Metal Eq. Unit: g/t AgEq - Assumptions Disclosed: Yes #### Lab - Laboratory: ALS Chemex and ActLabs #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-28T00:00:00.000Z Reasoning: This is a high-grade silver component of the maiden Inferred resource for the Europa/Total zone, contributing significantly to the overall project. - Positive factor: Maiden Resource - Positive factor: High Grade - Positive factor: NI 43-101 Compliant - Positive factor: QP Signed - Positive factor: Metal Equivalent Assumptions Disclosed - Positive factor: Cut-off Disclosed - Negative factor: All Inferred Evidence · table > 295 Context: 2,135 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/minaurum-announces-initial-resource-estimate-at-alamos-silver-project-of-55-mill--a3922b41-6179-45f5-b681-96811635ba0b#fact-resource-facts-71) Alamos Silver Project · gold #### Identity - Project: Alamos Silver Project - Commodity: gold - Region: mexico - Reported Region: Sonora, Mexico - Ticker: MGG #### Resource scope - Estimate type: resource - Effective date: 2026-01-08T00:00:00.000Z - Reporting standards: ni\_43\_101, other - QP Signed: Yes - Qualified person names: Michael G. Hester - Resource group id: resource:5850c92c0f32ad7aafbb - Deposit or zone: Europa/Total - Mining method: underground - Ownership percent: 100 % - Resource basis: gross #### Resource Data - Category: inferred - Tonnes: 2135000 - Grade: 0.06 - Grade Unit: g/t - Contained Metal: 3.78 - Contained Unit: koz - Cutoff Grade: 150 - Cutoff Unit: g/t AgEq #### Prior Estimate - Resource Date: 2026-01-08 #### Metal Equivalent - Metal Eq. Grade: 386 - Metal Eq. Unit: g/t AgEq - Assumptions Disclosed: Yes #### Lab - Laboratory: ALS Chemex and ActLabs #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-28T00:00:00.000Z Reasoning: Gold is a byproduct in the Europa/Total zone of the maiden Inferred resource, contributing to the overall AgEq grade. - Positive factor: Maiden Resource - Positive factor: NI 43-101 Compliant - Positive factor: QP Signed - Positive factor: Metal Equivalent Assumptions Disclosed - Positive factor: Cut-off Disclosed - Negative factor: All Inferred Evidence · table > 0.06 Context: 2,135 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/minaurum-announces-initial-resource-estimate-at-alamos-silver-project-of-55-mill--a3922b41-6179-45f5-b681-96811635ba0b#fact-resource-facts-72) Alamos Silver Project · copper #### Identity - Project: Alamos Silver Project - Commodity: copper - Region: mexico - Reported Region: Sonora, Mexico - Ticker: MGG #### Resource scope - Estimate type: resource - Effective date: 2026-01-08T00:00:00.000Z - Reporting standards: ni\_43\_101, other - QP Signed: Yes - Qualified person names: Michael G. Hester - Resource group id: resource:5850c92c0f32ad7aafbb - Deposit or zone: Europa/Total - Mining method: underground - Ownership percent: 100 % - Resource basis: gross #### Resource Data - Category: inferred - Tonnes: 2135000 - Grade: 0.5 - Grade Unit: % - Contained Metal: 23554 - Contained Unit: klbs - Cutoff Grade: 150 - Cutoff Unit: g/t AgEq #### Prior Estimate - Resource Date: 2026-01-08 #### Metal Equivalent - Metal Eq. Grade: 386 - Metal Eq. Unit: g/t AgEq - Assumptions Disclosed: Yes #### Lab - Laboratory: ALS Chemex and ActLabs #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-28T00:00:00.000Z Reasoning: Copper is a byproduct in the Europa/Total zone of the maiden Inferred resource, contributing to the overall AgEq grade. - Positive factor: Maiden Resource - Positive factor: NI 43-101 Compliant - Positive factor: QP Signed - Positive factor: Metal Equivalent Assumptions Disclosed - Positive factor: Cut-off Disclosed - Negative factor: All Inferred Evidence · table > 0.50 Context: 2,135 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/minaurum-announces-initial-resource-estimate-at-alamos-silver-project-of-55-mill--a3922b41-6179-45f5-b681-96811635ba0b#fact-resource-facts-73) Alamos Silver Project · lead #### Identity - Project: Alamos Silver Project - Commodity: lead - Region: mexico - Reported Region: Sonora, Mexico - Ticker: MGG #### Resource scope - Estimate type: resource - Effective date: 2026-01-08T00:00:00.000Z - Reporting standards: ni\_43\_101, other - QP Signed: Yes - Qualified person names: Michael G. Hester - Resource group id: resource:5850c92c0f32ad7aafbb - Deposit or zone: Europa/Total - Mining method: underground - Ownership percent: 100 % - Resource basis: gross #### Resource Data - Category: inferred - Tonnes: 2135000 - Grade: 0.67 - Grade Unit: % - Contained Metal: 31669 - Contained Unit: klbs - Cutoff Grade: 150 - Cutoff Unit: g/t AgEq #### Prior Estimate - Resource Date: 2026-01-08 #### Metal Equivalent - Metal Eq. Grade: 386 - Metal Eq. Unit: g/t AgEq - Assumptions Disclosed: Yes #### Lab - Laboratory: ALS Chemex and ActLabs #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-28T00:00:00.000Z Reasoning: Lead is a byproduct in the Europa/Total zone of the maiden Inferred resource, contributing to the overall AgEq grade. - Positive factor: Maiden Resource - Positive factor: NI 43-101 Compliant - Positive factor: QP Signed - Positive factor: Metal Equivalent Assumptions Disclosed - Positive factor: Cut-off Disclosed - Negative factor: All Inferred Evidence · table > 0.67 Context: 2,135 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/minaurum-announces-initial-resource-estimate-at-alamos-silver-project-of-55-mill--a3922b41-6179-45f5-b681-96811635ba0b#fact-resource-facts-74) Alamos Silver Project · zinc #### Identity - Project: Alamos Silver Project - Commodity: zinc - Region: mexico - Reported Region: Sonora, Mexico - Ticker: MGG #### Resource scope - Estimate type: resource - Effective date: 2026-01-08T00:00:00.000Z - Reporting standards: ni\_43\_101, other - QP Signed: Yes - Qualified person names: Michael G. Hester - Resource group id: resource:5850c92c0f32ad7aafbb - Deposit or zone: Europa/Total - Mining method: underground - Ownership percent: 100 % - Resource basis: gross #### Resource Data - Category: inferred - Tonnes: 2135000 - Grade: 1.33 - Grade Unit: % - Contained Metal: 62775 - Contained Unit: klbs - Cutoff Grade: 150 - Cutoff Unit: g/t AgEq #### Prior Estimate - Resource Date: 2026-01-08 #### Metal Equivalent - Metal Eq. Grade: 386 - Metal Eq. Unit: g/t AgEq - Assumptions Disclosed: Yes #### Lab - Laboratory: ALS Chemex and ActLabs #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-28T00:00:00.000Z Reasoning: Zinc is a byproduct in the Europa/Total zone of the maiden Inferred resource, contributing to the overall AgEq grade. - Positive factor: Maiden Resource - Positive factor: NI 43-101 Compliant - Positive factor: QP Signed - Positive factor: Metal Equivalent Assumptions Disclosed - Positive factor: Cut-off Disclosed - Negative factor: All Inferred Evidence · table > 1.33 Context: 2,135 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/minaurum-announces-initial-resource-estimate-at-alamos-silver-project-of-55-mill--a3922b41-6179-45f5-b681-96811635ba0b#fact-resource-facts-75) Alamos Silver Project · silver #### Identity - Project: Alamos Silver Project - Commodity: silver - Region: mexico - Reported Region: Sonora, Mexico - Ticker: MGG #### Resource scope - Estimate type: resource - Effective date: 2026-01-08T00:00:00.000Z - Reporting standards: ni\_43\_101, other - QP Signed: Yes - Qualified person names: Michael G. Hester - Resource group id: resource:f5fcd3e552a4dfb2e134 - Deposit or zone: Grand Total - Mining method: underground - Ownership percent: 100 % - Resource basis: gross #### Resource Data - Category: inferred - Tonnes: 5366000 - Grade: 202 - Grade Unit: g/t - Contained Metal: 34806 - Contained Unit: koz - Cutoff Grade: 150 - Cutoff Unit: g/t AgEq #### Prior Estimate - Resource Date: 2026-01-08 #### Metal Equivalent - Metal Eq. Grade: 320 - Metal Eq. Unit: g/t AgEq - Assumptions Disclosed: Yes #### Lab - Laboratory: ALS Chemex and ActLabs #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-28T00:00:00.000Z Reasoning: This is the overall high-grade silver component of the maiden Inferred resource for the Alamos Silver Project. - Positive factor: Maiden Resource - Positive factor: High Grade - Positive factor: NI 43-101 Compliant - Positive factor: QP Signed - Positive factor: Metal Equivalent Assumptions Disclosed - Positive factor: Cut-off Disclosed - Negative factor: All Inferred Evidence · table > 202 Context: 5,366 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/minaurum-announces-initial-resource-estimate-at-alamos-silver-project-of-55-mill--a3922b41-6179-45f5-b681-96811635ba0b#fact-resource-facts-76) Alamos Silver Project · gold #### Identity - Project: Alamos Silver Project - Commodity: gold - Region: mexico - Reported Region: Sonora, Mexico - Ticker: MGG #### Resource scope - Estimate type: resource - Effective date: 2026-01-08T00:00:00.000Z - Reporting standards: ni\_43\_101, other - QP Signed: Yes - Qualified person names: Michael G. Hester - Resource group id: resource:f5fcd3e552a4dfb2e134 - Deposit or zone: Grand Total - Mining method: underground - Ownership percent: 100 % - Resource basis: gross #### Resource Data - Category: inferred - Tonnes: 5366000 - Grade: 0.21 - Grade Unit: g/t - Contained Metal: 35640 - Contained Unit: oz - Cutoff Grade: 150 - Cutoff Unit: g/t AgEq #### Prior Estimate - Resource Date: 2026-01-08 #### Metal Equivalent - Metal Eq. Grade: 320 - Metal Eq. Unit: g/t AgEq - Assumptions Disclosed: Yes #### Lab - Laboratory: ALS Chemex and ActLabs #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-28T00:00:00.000Z Reasoning: Gold is a byproduct in the overall maiden Inferred resource for the Alamos Silver Project, contributing to the AgEq grade. - Positive factor: Maiden Resource - Positive factor: NI 43-101 Compliant - Positive factor: QP Signed - Positive factor: Metal Equivalent Assumptions Disclosed - Positive factor: Cut-off Disclosed - Negative factor: All Inferred Evidence · table > 0.21 Context: 5,366 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/minaurum-announces-initial-resource-estimate-at-alamos-silver-project-of-55-mill--a3922b41-6179-45f5-b681-96811635ba0b#fact-resource-facts-77) Alamos Silver Project · copper #### Identity - Project: Alamos Silver Project - Commodity: copper - Region: mexico - Reported Region: Sonora, Mexico - Ticker: MGG #### Resource scope - Estimate type: resource - Effective date: 2026-01-08T00:00:00.000Z - Reporting standards: ni\_43\_101, other - QP Signed: Yes - Qualified person names: Michael G. Hester - Resource group id: resource:f5fcd3e552a4dfb2e134 - Deposit or zone: Grand Total - Mining method: underground - Ownership percent: 100 % - Resource basis: gross #### Resource Data - Category: inferred - Tonnes: 5366000 - Grade: 0.43 - Grade Unit: % - Contained Metal: 50985 - Contained Unit: klbs - Cutoff Grade: 150 - Cutoff Unit: g/t AgEq #### Prior Estimate - Resource Date: 2026-01-08 #### Metal Equivalent - Metal Eq. Grade: 320 - Metal Eq. Unit: g/t AgEq - Assumptions Disclosed: Yes #### Lab - Laboratory: ALS Chemex and ActLabs #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-28T00:00:00.000Z Reasoning: Copper is a byproduct in the overall maiden Inferred resource for the Alamos Silver Project, contributing to the AgEq grade. - Positive factor: Maiden Resource - Positive factor: NI 43-101 Compliant - Positive factor: QP Signed - Positive factor: Metal Equivalent Assumptions Disclosed - Positive factor: Cut-off Disclosed - Negative factor: All Inferred Evidence · table > 0.43 Context: 5,366 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/minaurum-announces-initial-resource-estimate-at-alamos-silver-project-of-55-mill--a3922b41-6179-45f5-b681-96811635ba0b#fact-resource-facts-78) Alamos Silver Project · lead #### Identity - Project: Alamos Silver Project - Commodity: lead - Region: mexico - Reported Region: Sonora, Mexico - Ticker: MGG #### Resource scope - Estimate type: resource - Effective date: 2026-01-08T00:00:00.000Z - Reporting standards: ni\_43\_101, other - QP Signed: Yes - Qualified person names: Michael G. Hester - Resource group id: resource:f5fcd3e552a4dfb2e134 - Deposit or zone: Grand Total - Mining method: underground - Ownership percent: 100 % - Resource basis: gross #### Resource Data - Category: inferred - Tonnes: 5366000 - Grade: 0.97 - Grade Unit: % - Contained Metal: 114769 - Contained Unit: klbs - Cutoff Grade: 150 - Cutoff Unit: g/t AgEq #### Prior Estimate - Resource Date: 2026-01-08 #### Metal Equivalent - Metal Eq. Grade: 320 - Metal Eq. Unit: g/t AgEq - Assumptions Disclosed: Yes #### Lab - Laboratory: ALS Chemex and ActLabs #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-28T00:00:00.000Z Reasoning: Lead is a byproduct in the overall maiden Inferred resource for the Alamos Silver Project, contributing to the AgEq grade. - Positive factor: Maiden Resource - Positive factor: NI 43-101 Compliant - Positive factor: QP Signed - Positive factor: Metal Equivalent Assumptions Disclosed - Positive factor: Cut-off Disclosed - Negative factor: All Inferred Evidence · table > 0.97 Context: 5,366 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/minaurum-announces-initial-resource-estimate-at-alamos-silver-project-of-55-mill--a3922b41-6179-45f5-b681-96811635ba0b#fact-resource-facts-79) Alamos Silver Project · zinc #### Identity - Project: Alamos Silver Project - Commodity: zinc - Region: mexico - Reported Region: Sonora, Mexico - Ticker: MGG #### Resource scope - Estimate type: resource - Effective date: 2026-01-08T00:00:00.000Z - Reporting standards: ni\_43\_101, other - QP Signed: Yes - Qualified person names: Michael G. Hester - Resource group id: resource:f5fcd3e552a4dfb2e134 - Deposit or zone: Grand Total - Mining method: underground - Ownership percent: 100 % - Resource basis: gross #### Resource Data - Category: inferred - Tonnes: 5366000 - Grade: 2.01 - Grade Unit: % - Contained Metal: 237798 - Contained Unit: klbs - Cutoff Grade: 150 - Cutoff Unit: g/t AgEq #### Prior Estimate - Resource Date: 2026-01-08 #### Metal Equivalent - Metal Eq. Grade: 320 - Metal Eq. Unit: g/t AgEq - Assumptions Disclosed: Yes #### Lab - Laboratory: ALS Chemex and ActLabs #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-28T00:00:00.000Z Reasoning: Zinc is a byproduct in the overall maiden Inferred resource for the Alamos Silver Project, contributing to the AgEq grade. - Positive factor: Maiden Resource - Positive factor: NI 43-101 Compliant - Positive factor: QP Signed - Positive factor: Metal Equivalent Assumptions Disclosed - Positive factor: Cut-off Disclosed - Negative factor: All Inferred Evidence · table > 2.01 Context: 5,366 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ## How Atlas produces this analysis Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.