# NEVGOLD ANNOUNCES MINERAL RESOURCE: ANTIMONY OF 29,600 TONNES MEASURED &amp; INDICATED \(0.26%\) AND 48,100 TONNES INFERRED \(0.18%\); 100% OXIDE GOLD OF 181,400 OZS MEASURED &amp; INDICATED AND 1,203,500 OZS INFERRED; STRATEGIC U.S. ANTIMONY RESOURCE

Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/nevgold-announces-mineral-resource-antimony-of-29-600-tonnes-measured-indicated--758ef3ef-5655-4878-84d9-bb3acf576fd7

Original source: https://money.tmx.com/en/quote/NAU/news/6953729839897906/nevgold-announces-mineral-resource-antimony-of-29-600-tonnes-measured-indicated-

Publisher: tmx

Original announcement: 2026-07-15T11:45:00.000Z

Analysis by Minestarters Atlas

Atlas analysis published: Unknown date

Atlas analysis updated: Unknown date

- Company: NevGold Corp.

- Ticker: NAU

- Exchange: TSX

- Region: Nevada

- Primary commodity: Antimony

- Secondary commodities: Gold, Silver

- Document categories: Resource update

- Extracted: 2026-09-12 14:39:35 UTC

Narrative sentiment: 0.80 · Bullish

## Minestarters Atlas summary

NevGold Corp. announced a maiden Mineral Resource Estimate for its Limo Butte Project in Nevada, defining 29,600 tonnes of Measured &amp; Indicated antimony \(0.26%\) and 48,100 tonnes of Inferred antimony \(0.18%\). The estimate also includes 181,400 ounces of Measured &amp; Indicated oxide gold \(0.37 g/t\) and 1,203,500 ounces of Inferred oxide gold \(0.32 g/t\). This MRE establishes a strategic U.S. antimony resource and provides a pathway for potential near-term antimony production from already mined surface material, with significant expansion potential identified for future drilling.

Reasoning: NevGold announced its maiden Mineral Resource Estimate for the Limo Butte Project, establishing a significant gold-antimony resource in Nevada. The MRE includes substantial Measured and Indicated resources for both commodities, with a focus on strategic antimony supply and oxide gold. The estimate is NI 43-101 compliant and provides a strong foundation for future project development, including potential near-term antimony production.

- Positive factor: Maiden Mineral Resource Estimate for gold and antimony

- Positive factor: Defines a strategic U.S. antimony resource

- Positive factor: Includes Measured, Indicated, and Inferred categories for both commodities

- Positive factor: 100% oxide gold amenable to heap leaching

- Positive factor: NI 43-101 compliant and signed off by a Qualified Person

- Positive factor: Potential for near-term antimony production from surface material

- Positive factor: Significant potential for resource expansion with ongoing drill programs

- Negative factor: High proportion of Inferred resources \(87% of total gold ounces, 72% of total antimony tonnes\)

- Negative factor: No prior MRE for direct comparison of growth metrics

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

Facts used in scoring: 73

## 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 this is NevGold's 'maiden gold-antimony Mineral Resource Estimate'.

Evidence · text

> NevGold is pleased to announce its maiden gold-antimony Mineral Resource Estimate \(“ MRE ”\)

**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: Mr. Greg Mosher \(P.Geo., M.Sc. Applied\), Principal of GMRS, is named as an independent 'Qualified Person' under NI 43-101 and is responsible for the MRE.

Evidence · text

> Mr. Greg Mosher \(P.Geo., M.Sc. Applied\), Principal of GMRS is an independent “Qualified Person” under NI 43-101 and is responsible for the MRE.

**NI 43-101 Compliant**

Polarity: positive

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

Why it applies: The mineral resources have been estimated in accordance with Canadian Institute of Mining, Metallurgy and Petroleum definitions, as required under National Instrument 43-101.

Evidence · text

> All mineral resources have been estimated in accordance with Canadian Institute of Mining, Metallurgy and Petroleum definitions, as required under National Instrument 43-101 \(“ NI 43-101 ”\).

**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 document clearly states various cut-off grades used for the resource estimate, including 0.30 g/t AuEq., 0.15 g/t Au, and 0.1% Sb.

Evidence · text

> Mineral Resources for Leach Pads, Pre-Strip Dump, Resurrection, and Cadillac Valley are reported at a cut-off grade of 0.30 g/t AuEq.

**Inferred Resource**

Polarity: negative

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

Why it applies: A significant portion of the resource is classified as Inferred, including 1,203,500 oz of gold and 48,100 tonnes of antimony.

Evidence · text

> 1,203,500 OZS INFERRED; STRATEGIC U.S. ANTIMONY RESOURCE

**Measured Resource**

Polarity: positive

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

Why it applies: The MRE includes Measured resources, such as 9,500 oz gold and 2,600 tonnes antimony in the Leach Pads zone.

Evidence · table

> Measured

Context: Leach Pads

**Indicated Resource**

Polarity: positive

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

Why it applies: The MRE includes Indicated resources, such as 171,900 oz gold and 27,000 tonnes antimony across various zones.

Evidence · table

> Indicated

Context: Leach Pads

**PEA-Supporting**

Polarity: neutral

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

Why it applies: The company states 'Preliminary Economic Assessment \(“PEA”\) on Resurrection Ridge, Cadillac Valley, and Northern Zones focused on gold-antimony' as a next step.

Evidence · text

> Preliminary Economic Assessment \(“PEA”\) on Resurrection Ridge, Cadillac Valley, and Northern Zones focused on gold-antimony

**PFS-Supporting**

Polarity: neutral

Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&amp;I component.

Why it applies: The company states 'Further metallurgical testwork to advance the Project to a Prefeasibility Study \(“PFS”\)' as a next step.

Evidence · text

> Further metallurgical testwork to advance the Project to a Prefeasibility Study \(“PFS”\) on the near-term antimony production scenario

## Extracted facts

Stored fact records: 73. Some facts used in scoring do not have a stored record.

## Resource Estimates (73)

### measured

[Link to this fact](https://atlas-extractions.minestarters.com/news/nevgold-announces-mineral-resource-antimony-of-29-600-tonnes-measured-indicated--758ef3ef-5655-4878-84d9-bb3acf576fd7#fact-resource-facts-0)

Limo Butte · gold

#### Identity

- Project: Limo Butte
- Commodity: gold
- Region: usa\_nv
- Reported Region: Nevada
- Ticker: NAU

#### Resource scope

- Estimate type: resource
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: Greg Mosher
- Resource group id: resource:90c985faa1065a5e4f66
- Deposit or zone: Leach Pads
- Mining method: open\_pit

#### Resource Data

- Category: measured
- Tonnes: 1000000
- Grade: 0.31
- Grade Unit: g/t
- Contained Metal: 9500
- Contained Unit: oz
- Cutoff Grade: 0.3
- Cutoff Unit: g/t AuEq.

#### Prior Estimate

- Resource Date: 2026-07-15

#### Metal Equivalent

- Assumptions Disclosed: Yes

#### Lab

- Laboratory: American Assay Labs, Reno

#### Location

- Loc. Confidence: medium

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-07-15T00:00:00.000Z

Reasoning: Maiden Measured resource for gold in the Leach Pads zone, contributing to the overall project's initial resource definition.

- Positive factor: Maiden Measured resource for gold

- Positive factor: Part of a strategic dual-commodity MRE

Evidence · table

> 0.31

Context: 1.0

#### Tags used in scoring

**Measured Resource**

Polarity: positive

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

Why it applies: category is "measured"

**Cut-off Disclosed**

Polarity: positive

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

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

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

Why it applies: qp\_signed is true

**NI 43-101 Compliant**

Polarity: positive

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

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

**PEA-Supporting**

Polarity: neutral

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

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

**PFS-Supporting**

Polarity: neutral

Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&amp;I component.

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

### measured

[Link to this fact](https://atlas-extractions.minestarters.com/news/nevgold-announces-mineral-resource-antimony-of-29-600-tonnes-measured-indicated--758ef3ef-5655-4878-84d9-bb3acf576fd7#fact-resource-facts-1)

Limo Butte · silver

#### Identity

- Project: Limo Butte
- Commodity: silver
- Region: usa\_nv
- Reported Region: Nevada
- Ticker: NAU

#### Resource scope

- Estimate type: resource
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: Greg Mosher
- Resource group id: resource:90c985faa1065a5e4f66
- Deposit or zone: Leach Pads
- Mining method: open\_pit

#### Resource Data

- Category: measured
- Tonnes: 1000000
- Grade: 2.8
- Grade Unit: g/t
- Contained Metal: 87000
- Contained Unit: oz
- Cutoff Grade: 0.3
- Cutoff Unit: g/t AuEq.

#### Prior Estimate

- Resource Date: 2026-07-15

#### Metal Equivalent

- Assumptions Disclosed: Yes

#### Lab

- Laboratory: American Assay Labs, Reno

#### Location

- Loc. Confidence: medium

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-07-15T00:00:00.000Z

Reasoning: Maiden Measured resource for silver in the Leach Pads zone, providing byproduct potential within the overall resource.

- Positive factor: Maiden Measured resource for silver

- Positive factor: Byproduct credit in a dual-commodity MRE

Evidence · table

> 2.80

Context: 1.0

#### Tags used in scoring

**Measured Resource**

Polarity: positive

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

Why it applies: category is "measured"

**Cut-off Disclosed**

Polarity: positive

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

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

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

Why it applies: qp\_signed is true

**NI 43-101 Compliant**

Polarity: positive

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

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

**PEA-Supporting**

Polarity: neutral

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

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

**PFS-Supporting**

Polarity: neutral

Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&amp;I component.

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

### measured

[Link to this fact](https://atlas-extractions.minestarters.com/news/nevgold-announces-mineral-resource-antimony-of-29-600-tonnes-measured-indicated--758ef3ef-5655-4878-84d9-bb3acf576fd7#fact-resource-facts-2)

Limo Butte · antimony

#### Identity

- Project: Limo Butte
- Commodity: antimony
- Region: usa\_nv
- Reported Region: Nevada
- Ticker: NAU

#### Resource scope

- Estimate type: resource
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: Greg Mosher
- Resource group id: resource:90c985faa1065a5e4f66
- Deposit or zone: Leach Pads
- Mining method: open\_pit

#### Resource Data

- Category: measured
- Tonnes: 1000000
- Grade: 0.26
- Grade Unit: %
- Contained Metal: 2600
- Contained Unit: t
- Cutoff Grade: 0.3
- Cutoff Unit: g/t AuEq.

#### Prior Estimate

- Resource Date: 2026-07-15

#### Metal Equivalent

- Assumptions Disclosed: Yes

#### Lab

- Laboratory: American Assay Labs, Reno

#### Location

- Loc. Confidence: medium

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-07-15T00:00:00.000Z

Reasoning: Maiden Measured resource for antimony in the Leach Pads zone, representing a component of the strategic U.S. antimony resource.

- Positive factor: Maiden Measured resource for strategic antimony

- Positive factor: Contributes to potential near-term production from surface material

Evidence · table

> 0.26%

Context: 1.0

#### Tags used in scoring

**Measured Resource**

Polarity: positive

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

Why it applies: category is "measured"

**Cut-off Disclosed**

Polarity: positive

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

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

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

Why it applies: qp\_signed is true

**NI 43-101 Compliant**

Polarity: positive

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

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

**PEA-Supporting**

Polarity: neutral

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

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

**PFS-Supporting**

Polarity: neutral

Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&amp;I component.

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

### indicated

[Link to this fact](https://atlas-extractions.minestarters.com/news/nevgold-announces-mineral-resource-antimony-of-29-600-tonnes-measured-indicated--758ef3ef-5655-4878-84d9-bb3acf576fd7#fact-resource-facts-3)

Limo Butte · gold

#### Identity

- Project: Limo Butte
- Commodity: gold
- Region: usa\_nv
- Reported Region: Nevada
- Ticker: NAU

#### Resource scope

- Estimate type: resource
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: Greg Mosher
- Resource group id: resource:d3191bbeee227ee46769
- Deposit or zone: Leach Pads
- Mining method: open\_pit

#### Resource Data

- Category: indicated
- Tonnes: 1200000
- Grade: 0.29
- Grade Unit: g/t
- Contained Metal: 11600
- Contained Unit: oz
- Cutoff Grade: 0.3
- Cutoff Unit: g/t AuEq.

#### Prior Estimate

- Resource Date: 2026-07-15

#### Metal Equivalent

- Assumptions Disclosed: Yes

#### Lab

- Laboratory: American Assay Labs, Reno

#### Location

- Loc. Confidence: medium

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-07-15T00:00:00.000Z

Reasoning: Maiden Indicated resource for gold in the Leach Pads zone, contributing to the project's initial resource definition.

- Positive factor: Maiden Indicated resource for gold

- Positive factor: Adds to the overall gold resource base

Evidence · table

> 0.29

Context: 1.2

#### Tags used in scoring

**Indicated Resource**

Polarity: positive

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

Why it applies: category is "indicated"

**Cut-off 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

**PEA-Supporting**

Polarity: neutral

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

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

**PFS-Supporting**

Polarity: neutral

Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&amp;I component.

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

### indicated

[Link to this fact](https://atlas-extractions.minestarters.com/news/nevgold-announces-mineral-resource-antimony-of-29-600-tonnes-measured-indicated--758ef3ef-5655-4878-84d9-bb3acf576fd7#fact-resource-facts-4)

Limo Butte · silver

#### Identity

- Project: Limo Butte
- Commodity: silver
- Region: usa\_nv
- Reported Region: Nevada
- Ticker: NAU

#### Resource scope

- Estimate type: resource
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: Greg Mosher
- Resource group id: resource:d3191bbeee227ee46769
- Deposit or zone: Leach Pads
- Mining method: open\_pit

#### Resource Data

- Category: indicated
- Tonnes: 1200000
- Grade: 2.43
- Grade Unit: g/t
- Contained Metal: 96700
- Contained Unit: oz
- Cutoff Grade: 0.3
- Cutoff Unit: g/t AuEq.

#### Prior Estimate

- Resource Date: 2026-07-15

#### Metal Equivalent

- Assumptions Disclosed: Yes

#### Lab

- Laboratory: American Assay Labs, Reno

#### Location

- Loc. Confidence: medium

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-07-15T00:00:00.000Z

Reasoning: Maiden Indicated resource for silver in the Leach Pads zone, adding to the project's byproduct potential.

- Positive factor: Maiden Indicated resource for silver

- Positive factor: Provides byproduct potential

Evidence · table

> 2.43

Context: 1.2

#### Tags used in scoring

**Indicated Resource**

Polarity: positive

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

Why it applies: category is "indicated"

**Cut-off 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

**PEA-Supporting**

Polarity: neutral

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

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

**PFS-Supporting**

Polarity: neutral

Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&amp;I component.

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

### indicated

[Link to this fact](https://atlas-extractions.minestarters.com/news/nevgold-announces-mineral-resource-antimony-of-29-600-tonnes-measured-indicated--758ef3ef-5655-4878-84d9-bb3acf576fd7#fact-resource-facts-5)

Limo Butte · antimony

#### Identity

- Project: Limo Butte
- Commodity: antimony
- Region: usa\_nv
- Reported Region: Nevada
- Ticker: NAU

#### Resource scope

- Estimate type: resource
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: Greg Mosher
- Resource group id: resource:d3191bbeee227ee46769
- Deposit or zone: Leach Pads
- Mining method: open\_pit

#### Resource Data

- Category: indicated
- Tonnes: 1200000
- Grade: 0.3
- Grade Unit: %
- Contained Metal: 3700
- Contained Unit: t
- Cutoff Grade: 0.3
- Cutoff Unit: g/t AuEq.

#### Prior Estimate

- Resource Date: 2026-07-15

#### Metal Equivalent

- Assumptions Disclosed: Yes

#### Lab

- Laboratory: American Assay Labs, Reno

#### Location

- Loc. Confidence: medium

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-07-15T00:00:00.000Z

Reasoning: Maiden Indicated resource for antimony in the Leach Pads zone, adding to the strategic U.S. antimony resource.

- Positive factor: Maiden Indicated resource for strategic antimony

- Positive factor: Contributes to potential near-term production from surface material

Evidence · table

> 0.30%

Context: 1.2

#### Tags used in scoring

**Indicated Resource**

Polarity: positive

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

Why it applies: category is "indicated"

**Cut-off 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

**PEA-Supporting**

Polarity: neutral

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

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

**PFS-Supporting**

Polarity: neutral

Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&amp;I component.

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

### indicated

[Link to this fact](https://atlas-extractions.minestarters.com/news/nevgold-announces-mineral-resource-antimony-of-29-600-tonnes-measured-indicated--758ef3ef-5655-4878-84d9-bb3acf576fd7#fact-resource-facts-6)

Limo Butte · gold

#### Identity

- Project: Limo Butte
- Commodity: gold
- Region: usa\_nv
- Reported Region: Nevada
- Ticker: NAU

#### Resource scope

- Estimate type: resource
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: Greg Mosher
- Resource group id: resource:92632e8794bcf5c1e752
- Deposit or zone: Pre-Strip Dump
- Mining method: open\_pit

#### Resource Data

- Category: indicated
- Tonnes: 90000
- Grade: 0.3
- Grade Unit: g/t
- Contained Metal: 900
- Contained Unit: oz
- Cutoff Grade: 0.3
- Cutoff Unit: g/t AuEq.

#### Prior Estimate

- Resource Date: 2026-07-15

#### Metal Equivalent

- Assumptions Disclosed: Yes

#### Lab

- Laboratory: American Assay Labs, Reno

#### Location

- Loc. Confidence: medium

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-07-15T00:00:00.000Z

Reasoning: Maiden Indicated resource for gold in the Pre-Strip Dump zone, contributing to the initial resource definition from existing material.

- Positive factor: Maiden Indicated resource for gold

- Positive factor: From already mined material

Evidence · table

> 0.30

Context: 0.09

#### Tags used in scoring

**Indicated Resource**

Polarity: positive

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

Why it applies: category is "indicated"

**Cut-off Disclosed**

Polarity: positive

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

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

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

Why it applies: qp\_signed is true

**NI 43-101 Compliant**

Polarity: positive

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

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

**PEA-Supporting**

Polarity: neutral

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

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

**PFS-Supporting**

Polarity: neutral

Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&amp;I component.

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

### indicated

[Link to this fact](https://atlas-extractions.minestarters.com/news/nevgold-announces-mineral-resource-antimony-of-29-600-tonnes-measured-indicated--758ef3ef-5655-4878-84d9-bb3acf576fd7#fact-resource-facts-7)

Limo Butte · silver

#### Identity

- Project: Limo Butte
- Commodity: silver
- Region: usa\_nv
- Reported Region: Nevada
- Ticker: NAU

#### Resource scope

- Estimate type: resource
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: Greg Mosher
- Resource group id: resource:92632e8794bcf5c1e752
- Deposit or zone: Pre-Strip Dump
- Mining method: open\_pit

#### Resource Data

- Category: indicated
- Tonnes: 90000
- Grade: 0.13
- Grade Unit: g/t
- Contained Metal: 400
- Contained Unit: oz
- Cutoff Grade: 0.3
- Cutoff Unit: g/t AuEq.

#### Prior Estimate

- Resource Date: 2026-07-15

#### Metal Equivalent

- Assumptions Disclosed: Yes

#### Lab

- Laboratory: American Assay Labs, Reno

#### Location

- Loc. Confidence: medium

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-07-15T00:00:00.000Z

Reasoning: Maiden Indicated resource for silver in the Pre-Strip Dump zone, adding to the project's byproduct potential.

- Positive factor: Maiden Indicated resource for silver

- Positive factor: Provides byproduct potential

Evidence · table

> 0.13

Context: 0.09

#### Tags used in scoring

**Indicated Resource**

Polarity: positive

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

Why it applies: category is "indicated"

**Cut-off Disclosed**

Polarity: positive

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

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

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

Why it applies: qp\_signed is true

**NI 43-101 Compliant**

Polarity: positive

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

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

**PEA-Supporting**

Polarity: neutral

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

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

**PFS-Supporting**

Polarity: neutral

Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&amp;I component.

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

### indicated

[Link to this fact](https://atlas-extractions.minestarters.com/news/nevgold-announces-mineral-resource-antimony-of-29-600-tonnes-measured-indicated--758ef3ef-5655-4878-84d9-bb3acf576fd7#fact-resource-facts-8)

Limo Butte · antimony

#### Identity

- Project: Limo Butte
- Commodity: antimony
- Region: usa\_nv
- Reported Region: Nevada
- Ticker: NAU

#### Resource scope

- Estimate type: resource
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: Greg Mosher
- Resource group id: resource:92632e8794bcf5c1e752
- Deposit or zone: Pre-Strip Dump
- Mining method: open\_pit

#### Resource Data

- Category: indicated
- Tonnes: 90000
- Grade: 0.65
- Grade Unit: %
- Contained Metal: 600
- Contained Unit: t
- Cutoff Grade: 0.3
- Cutoff Unit: g/t AuEq.

#### Prior Estimate

- Resource Date: 2026-07-15

#### Metal Equivalent

- Assumptions Disclosed: Yes

#### Lab

- Laboratory: American Assay Labs, Reno

#### Location

- Loc. Confidence: medium

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-07-15T00:00:00.000Z

Reasoning: Maiden Indicated resource for antimony in the Pre-Strip Dump zone, contributing to the strategic U.S. antimony resource from existing material.

- Positive factor: Maiden Indicated resource for strategic antimony

- Positive factor: Higher grade antimony from already mined material

Evidence · table

> 0.65%

Context: 0.09

#### Tags used in scoring

**Indicated Resource**

Polarity: positive

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

Why it applies: category is "indicated"

**Cut-off Disclosed**

Polarity: positive

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

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

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

Why it applies: qp\_signed is true

**NI 43-101 Compliant**

Polarity: positive

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

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

**PEA-Supporting**

Polarity: neutral

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

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

**PFS-Supporting**

Polarity: neutral

Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&amp;I component.

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

### indicated

[Link to this fact](https://atlas-extractions.minestarters.com/news/nevgold-announces-mineral-resource-antimony-of-29-600-tonnes-measured-indicated--758ef3ef-5655-4878-84d9-bb3acf576fd7#fact-resource-facts-9)

Limo Butte · gold

#### Identity

- Project: Limo Butte
- Commodity: gold
- Region: usa\_nv
- Reported Region: Nevada
- Ticker: NAU

#### Resource scope

- Estimate type: resource
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: Greg Mosher
- Resource group id: resource:da132a9cc76c1ca88d96
- Deposit or zone: Resurrection
- Mining method: open\_pit

#### Resource Data

- Category: indicated
- Tonnes: 12900000
- Grade: 0.38
- Grade Unit: g/t
- Contained Metal: 159400
- Contained Unit: oz
- Cutoff Grade: 0.3
- Cutoff Unit: g/t AuEq.

#### Prior Estimate

- Resource Date: 2026-07-15

#### Metal Equivalent

- Assumptions Disclosed: Yes

#### Lab

- Laboratory: American Assay Labs, Reno

#### Location

- Loc. Confidence: medium

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-07-15T00:00:00.000Z

Reasoning: Maiden Indicated resource for gold in the Resurrection zone, representing the largest Indicated gold component of the MRE.

- Positive factor: Maiden Indicated resource for gold

- Positive factor: Largest Indicated gold component in the MRE

Evidence · table

> 0.38

Context: 12.9

#### Tags used in scoring

**Indicated Resource**

Polarity: positive

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

Why it applies: category is "indicated"

**Cut-off Disclosed**

Polarity: positive

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

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

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

Why it applies: qp\_signed is true

**NI 43-101 Compliant**

Polarity: positive

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

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

**PEA-Supporting**

Polarity: neutral

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

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

**PFS-Supporting**

Polarity: neutral

Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&amp;I component.

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

### indicated

[Link to this fact](https://atlas-extractions.minestarters.com/news/nevgold-announces-mineral-resource-antimony-of-29-600-tonnes-measured-indicated--758ef3ef-5655-4878-84d9-bb3acf576fd7#fact-resource-facts-10)

Limo Butte · silver

#### Identity

- Project: Limo Butte
- Commodity: silver
- Region: usa\_nv
- Reported Region: Nevada
- Ticker: NAU

#### Resource scope

- Estimate type: resource
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: Greg Mosher
- Resource group id: resource:da132a9cc76c1ca88d96
- Deposit or zone: Resurrection
- Mining method: open\_pit

#### Resource Data

- Category: indicated
- Tonnes: 12900000
- Grade: 0.91
- Grade Unit: g/t
- Contained Metal: 378100
- Contained Unit: oz
- Cutoff Grade: 0.3
- Cutoff Unit: g/t AuEq.

#### Prior Estimate

- Resource Date: 2026-07-15

#### Metal Equivalent

- Assumptions Disclosed: Yes

#### Lab

- Laboratory: American Assay Labs, Reno

#### Location

- Loc. Confidence: medium

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-07-15T00:00:00.000Z

Reasoning: Maiden Indicated resource for silver in the Resurrection zone, providing significant byproduct potential.

- Positive factor: Maiden Indicated resource for silver

- Positive factor: Significant byproduct potential

Evidence · table

> 0.91

Context: 12.9

#### Tags used in scoring

**Indicated Resource**

Polarity: positive

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

Why it applies: category is "indicated"

**Cut-off Disclosed**

Polarity: positive

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

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

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

Why it applies: qp\_signed is true

**NI 43-101 Compliant**

Polarity: positive

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

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

**PEA-Supporting**

Polarity: neutral

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

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

**PFS-Supporting**

Polarity: neutral

Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&amp;I component.

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

### indicated

[Link to this fact](https://atlas-extractions.minestarters.com/news/nevgold-announces-mineral-resource-antimony-of-29-600-tonnes-measured-indicated--758ef3ef-5655-4878-84d9-bb3acf576fd7#fact-resource-facts-11)

Limo Butte · antimony

#### Identity

- Project: Limo Butte
- Commodity: antimony
- Region: usa\_nv
- Reported Region: Nevada
- Ticker: NAU

#### Resource scope

- Estimate type: resource
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: Greg Mosher
- Resource group id: resource:da132a9cc76c1ca88d96
- Deposit or zone: Resurrection
- Mining method: open\_pit

#### Resource Data

- Category: indicated
- Tonnes: 12900000
- Grade: 0.19
- Grade Unit: %
- Contained Metal: 24900
- Contained Unit: t
- Cutoff Grade: 0.3
- Cutoff Unit: g/t AuEq.

#### Prior Estimate

- Resource Date: 2026-07-15

#### Metal Equivalent

- Assumptions Disclosed: Yes

#### Lab

- Laboratory: American Assay Labs, Reno

#### Location

- Loc. Confidence: medium

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-07-15T00:00:00.000Z

Reasoning: Maiden Indicated resource for antimony in the Resurrection zone, representing the largest Indicated antimony component of the MRE.

- Positive factor: Maiden Indicated resource for strategic antimony

- Positive factor: Largest Indicated antimony component in the MRE

Evidence · table

> 0.19%

Context: 12.9

#### Tags used in scoring

**Indicated Resource**

Polarity: positive

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

Why it applies: category is "indicated"

**Cut-off Disclosed**

Polarity: positive

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

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

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

Why it applies: qp\_signed is true

**NI 43-101 Compliant**

Polarity: positive

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

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

**PEA-Supporting**

Polarity: neutral

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

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

**PFS-Supporting**

Polarity: neutral

Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&amp;I component.

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

### indicated

[Link to this fact](https://atlas-extractions.minestarters.com/news/nevgold-announces-mineral-resource-antimony-of-29-600-tonnes-measured-indicated--758ef3ef-5655-4878-84d9-bb3acf576fd7#fact-resource-facts-12)

Limo Butte · gold

#### Identity

- Project: Limo Butte
- Commodity: gold
- Region: usa\_nv
- Reported Region: Nevada
- Ticker: NAU

#### Resource scope

- Estimate type: resource
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: Greg Mosher
- Resource group id: resource:1b71f8b181607908d139
- Mining method: open\_pit

#### Resource Data

- Category: indicated
- Tonnes: 15200000
- Grade: 0.37
- Grade Unit: g/t
- Contained Metal: 181400
- Contained Unit: oz
- Cutoff Grade: 0.3
- Cutoff Unit: g/t AuEq.

#### Prior Estimate

- Resource Date: 2026-07-15

#### Metal Equivalent

- Assumptions Disclosed: Yes

#### Lab

- Laboratory: American Assay Labs, Reno

#### Location

- Loc. Confidence: medium

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-07-15T00:00:00.000Z

Reasoning: Maiden total Measured &amp; Indicated resource for gold, providing a substantial base of higher-confidence gold ounces for the project.

- Positive factor: Maiden Measured &amp; Indicated resource for gold

- Positive factor: Significant gold ounces in higher confidence categories

Evidence · table

> 0.37

Context: 15.2

#### Tags used in scoring

**Indicated Resource**

Polarity: positive

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

Why it applies: category is "indicated"

**Cut-off 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

**PEA-Supporting**

Polarity: neutral

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

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

**PFS-Supporting**

Polarity: neutral

Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&amp;I component.

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

### indicated

[Link to this fact](https://atlas-extractions.minestarters.com/news/nevgold-announces-mineral-resource-antimony-of-29-600-tonnes-measured-indicated--758ef3ef-5655-4878-84d9-bb3acf576fd7#fact-resource-facts-13)

Limo Butte · silver

#### Identity

- Project: Limo Butte
- Commodity: silver
- Region: usa\_nv
- Reported Region: Nevada
- Ticker: NAU

#### Resource scope

- Estimate type: resource
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: Greg Mosher
- Resource group id: resource:1b71f8b181607908d139
- Mining method: open\_pit

#### Resource Data

- Category: indicated
- Tonnes: 15200000
- Grade: 1.15
- Grade Unit: g/t
- Contained Metal: 562200
- Contained Unit: oz
- Cutoff Grade: 0.3
- Cutoff Unit: g/t AuEq.

#### Prior Estimate

- Resource Date: 2026-07-15

#### Metal Equivalent

- Assumptions Disclosed: Yes

#### Lab

- Laboratory: American Assay Labs, Reno

#### Location

- Loc. Confidence: medium

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-07-15T00:00:00.000Z

Reasoning: Maiden total Measured &amp; Indicated resource for silver, offering substantial byproduct potential in higher confidence categories.

- Positive factor: Maiden Measured &amp; Indicated resource for silver

- Positive factor: Significant byproduct potential in higher confidence categories

Evidence · table

> 1.15

Context: 15.2

#### Tags used in scoring

**Indicated Resource**

Polarity: positive

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

Why it applies: category is "indicated"

**Cut-off 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

**PEA-Supporting**

Polarity: neutral

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

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

**PFS-Supporting**

Polarity: neutral

Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&amp;I component.

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

### indicated

[Link to this fact](https://atlas-extractions.minestarters.com/news/nevgold-announces-mineral-resource-antimony-of-29-600-tonnes-measured-indicated--758ef3ef-5655-4878-84d9-bb3acf576fd7#fact-resource-facts-14)

Limo Butte · antimony

#### Identity

- Project: Limo Butte
- Commodity: antimony
- Region: usa\_nv
- Reported Region: Nevada
- Ticker: NAU

#### Resource scope

- Estimate type: resource
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: Greg Mosher
- Resource group id: resource:1b71f8b181607908d139
- Mining method: open\_pit

#### Resource Data

- Category: indicated
- Tonnes: 15200000
- Grade: 0.21
- Grade Unit: %
- Contained Metal: 31800
- Contained Unit: t
- Cutoff Grade: 0.3
- Cutoff Unit: g/t AuEq.

#### Prior Estimate

- Resource Date: 2026-07-15

#### Metal Equivalent

- Assumptions Disclosed: Yes

#### Lab

- Laboratory: American Assay Labs, Reno

#### Location

- Loc. Confidence: medium

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-07-15T00:00:00.000Z

Reasoning: Maiden total Measured &amp; Indicated resource for antimony, establishing a substantial strategic antimony base in higher confidence categories.

- Positive factor: Maiden Measured &amp; Indicated resource for strategic antimony

- Positive factor: Significant antimony tonnes in higher confidence categories

Evidence · table

> 0.21%

Context: 15.2

#### Tags used in scoring

**Indicated Resource**

Polarity: positive

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

Why it applies: category is "indicated"

**Cut-off 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

**PEA-Supporting**

Polarity: neutral

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

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

**PFS-Supporting**

Polarity: neutral

Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&amp;I component.

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

### inferred

[Link to this fact](https://atlas-extractions.minestarters.com/news/nevgold-announces-mineral-resource-antimony-of-29-600-tonnes-measured-indicated--758ef3ef-5655-4878-84d9-bb3acf576fd7#fact-resource-facts-15)

Limo Butte · gold

#### Identity

- Project: Limo Butte
- Commodity: gold
- Region: usa\_nv
- Reported Region: Nevada
- Ticker: NAU

#### Resource scope

- Estimate type: resource
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: Greg Mosher
- Resource group id: resource:4ec10cfa03eacaa0658e
- Deposit or zone: Pre-Strip Dump
- Mining method: open\_pit

#### Resource Data

- Category: inferred
- Tonnes: 50000
- Grade: 0.28
- Grade Unit: g/t
- Contained Metal: 400
- Contained Unit: oz
- Cutoff Grade: 0.3
- Cutoff Unit: g/t AuEq.

#### Prior Estimate

- Resource Date: 2026-07-15

#### Metal Equivalent

- Assumptions Disclosed: Yes

#### Lab

- Laboratory: American Assay Labs, Reno

#### Location

- Loc. Confidence: medium

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-07-15T00:00:00.000Z

Reasoning: Maiden Inferred resource for gold in the Pre-Strip Dump zone, contributing to the overall resource from existing material.

- Positive factor: Maiden Inferred resource for gold

- Positive factor: From already mined material

- Negative factor: Lower confidence category

Evidence · table

> 0.28

Context: 0.05

#### 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

**PEA-Supporting**

Polarity: neutral

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

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

**PFS-Supporting**

Polarity: neutral

Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&amp;I component.

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

### inferred

[Link to this fact](https://atlas-extractions.minestarters.com/news/nevgold-announces-mineral-resource-antimony-of-29-600-tonnes-measured-indicated--758ef3ef-5655-4878-84d9-bb3acf576fd7#fact-resource-facts-16)

Limo Butte · silver

#### Identity

- Project: Limo Butte
- Commodity: silver
- Region: usa\_nv
- Reported Region: Nevada
- Ticker: NAU

#### Resource scope

- Estimate type: resource
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: Greg Mosher
- Resource group id: resource:4ec10cfa03eacaa0658e
- Deposit or zone: Pre-Strip Dump
- Mining method: open\_pit

#### Resource Data

- Category: inferred
- Tonnes: 50000
- Grade: 0.03
- Grade Unit: g/t
- Contained Metal: 40
- Contained Unit: oz
- Cutoff Grade: 0.3
- Cutoff Unit: g/t AuEq.

#### Prior Estimate

- Resource Date: 2026-07-15

#### Metal Equivalent

- Assumptions Disclosed: Yes

#### Lab

- Laboratory: American Assay Labs, Reno

#### Location

- Loc. Confidence: medium

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-07-15T00:00:00.000Z

Reasoning: Maiden Inferred resource for silver in the Pre-Strip Dump zone, adding to the overall resource with low grade.

- Positive factor: Maiden Inferred resource for silver

- Negative factor: Lower confidence category

- Negative factor: Very low grade

Evidence · table

> 0.03

Context: 0.05

#### 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

**PEA-Supporting**

Polarity: neutral

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

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

**PFS-Supporting**

Polarity: neutral

Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&amp;I component.

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

### inferred

[Link to this fact](https://atlas-extractions.minestarters.com/news/nevgold-announces-mineral-resource-antimony-of-29-600-tonnes-measured-indicated--758ef3ef-5655-4878-84d9-bb3acf576fd7#fact-resource-facts-17)

Limo Butte · antimony

#### Identity

- Project: Limo Butte
- Commodity: antimony
- Region: usa\_nv
- Reported Region: Nevada
- Ticker: NAU

#### Resource scope

- Estimate type: resource
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: Greg Mosher
- Resource group id: resource:4ec10cfa03eacaa0658e
- Deposit or zone: Pre-Strip Dump
- Mining method: open\_pit

#### Resource Data

- Category: inferred
- Tonnes: 50000
- Grade: 0.99
- Grade Unit: %
- Contained Metal: 500
- Contained Unit: t
- Cutoff Grade: 0.3
- Cutoff Unit: g/t AuEq.

#### Prior Estimate

- Resource Date: 2026-07-15

#### Metal Equivalent

- Assumptions Disclosed: Yes

#### Lab

- Laboratory: American Assay Labs, Reno

#### Location

- Loc. Confidence: medium

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-07-15T00:00:00.000Z

Reasoning: Maiden Inferred resource for antimony in the Pre-Strip Dump zone, contributing to the strategic U.S. antimony resource with high grade.

- Positive factor: Maiden Inferred resource for strategic antimony

- Positive factor: High grade antimony from already mined material

- Negative factor: Lower confidence category

Evidence · table

> 0.99%

Context: 0.05

#### 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

**PEA-Supporting**

Polarity: neutral

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

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

**PFS-Supporting**

Polarity: neutral

Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&amp;I component.

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

### inferred

[Link to this fact](https://atlas-extractions.minestarters.com/news/nevgold-announces-mineral-resource-antimony-of-29-600-tonnes-measured-indicated--758ef3ef-5655-4878-84d9-bb3acf576fd7#fact-resource-facts-18)

Limo Butte · gold

#### Identity

- Project: Limo Butte
- Commodity: gold
- Region: usa\_nv
- Reported Region: Nevada
- Ticker: NAU

#### Resource scope

- Estimate type: resource
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: Greg Mosher
- Resource group id: resource:f93714e3b7998cf40e78
- Deposit or zone: Resurrection
- Mining method: open\_pit

#### Resource Data

- Category: inferred
- Tonnes: 28500000
- Grade: 0.29
- Grade Unit: g/t
- Contained Metal: 261600
- Contained Unit: oz
- Cutoff Grade: 0.3
- Cutoff Unit: g/t AuEq.

#### Prior Estimate

- Resource Date: 2026-07-15

#### Metal Equivalent

- Assumptions Disclosed: Yes

#### Lab

- Laboratory: American Assay Labs, Reno

#### Location

- Loc. Confidence: medium

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-07-15T00:00:00.000Z

Reasoning: Maiden Inferred resource for gold in the Resurrection zone, adding significant gold ounces to the overall resource.

- Positive factor: Maiden Inferred resource for gold

- Positive factor: Significant gold ounces

- Negative factor: Lower confidence category

Evidence · table

> 0.29

Context: 28.5

#### Tags used in scoring

**Inferred Resource**

Polarity: negative

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

Why it applies: category is "inferred"

**Cut-off 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

**PEA-Supporting**

Polarity: neutral

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

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

**PFS-Supporting**

Polarity: neutral

Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&amp;I component.

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

### inferred

[Link to this fact](https://atlas-extractions.minestarters.com/news/nevgold-announces-mineral-resource-antimony-of-29-600-tonnes-measured-indicated--758ef3ef-5655-4878-84d9-bb3acf576fd7#fact-resource-facts-19)

Limo Butte · silver

#### Identity

- Project: Limo Butte
- Commodity: silver
- Region: usa\_nv
- Reported Region: Nevada
- Ticker: NAU

#### Resource scope

- Estimate type: resource
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: Greg Mosher
- Resource group id: resource:f93714e3b7998cf40e78
- Deposit or zone: Resurrection
- Mining method: open\_pit

#### Resource Data

- Category: inferred
- Tonnes: 28500000
- Grade: 0.87
- Grade Unit: g/t
- Contained Metal: 799100
- Contained Unit: oz
- Cutoff Grade: 0.3
- Cutoff Unit: g/t AuEq.

#### Prior Estimate

- Resource Date: 2026-07-15

#### Metal Equivalent

- Assumptions Disclosed: Yes

#### Lab

- Laboratory: American Assay Labs, Reno

#### Location

- Loc. Confidence: medium

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-07-15T00:00:00.000Z

Reasoning: Maiden Inferred resource for silver in the Resurrection zone, providing significant byproduct potential.

- Positive factor: Maiden Inferred resource for silver

- Positive factor: Significant byproduct potential

- Negative factor: Lower confidence category

Evidence · table

> 0.87

Context: 28.5

#### Tags used in scoring

**Inferred Resource**

Polarity: negative

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

Why it applies: category is "inferred"

**Cut-off 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

**PEA-Supporting**

Polarity: neutral

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

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

**PFS-Supporting**

Polarity: neutral

Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&amp;I component.

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

### inferred

[Link to this fact](https://atlas-extractions.minestarters.com/news/nevgold-announces-mineral-resource-antimony-of-29-600-tonnes-measured-indicated--758ef3ef-5655-4878-84d9-bb3acf576fd7#fact-resource-facts-20)

Limo Butte · antimony

#### Identity

- Project: Limo Butte
- Commodity: antimony
- Region: usa\_nv
- Reported Region: Nevada
- Ticker: NAU

#### Resource scope

- Estimate type: resource
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: Greg Mosher
- Resource group id: resource:f93714e3b7998cf40e78
- Deposit or zone: Resurrection
- Mining method: open\_pit

#### Resource Data

- Category: inferred
- Tonnes: 28500000
- Grade: 0.12
- Grade Unit: %
- Contained Metal: 34600
- Contained Unit: t
- Cutoff Grade: 0.3
- Cutoff Unit: g/t AuEq.

#### Prior Estimate

- Resource Date: 2026-07-15

#### Metal Equivalent

- Assumptions Disclosed: Yes

#### Lab

- Laboratory: American Assay Labs, Reno

#### Location

- Loc. Confidence: medium

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-07-15T00:00:00.000Z

Reasoning: Maiden Inferred resource for antimony in the Resurrection zone, adding significant antimony tonnes to the strategic U.S. resource.

- Positive factor: Maiden Inferred resource for strategic antimony

- Positive factor: Significant antimony tonnes

- Negative factor: Lower confidence category

Evidence · table

> 0.12%

Context: 28.5

#### Tags used in scoring

**Inferred Resource**

Polarity: negative

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

Why it applies: category is "inferred"

**Cut-off 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

**PEA-Supporting**

Polarity: neutral

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

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

**PFS-Supporting**

Polarity: neutral

Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&amp;I component.

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

### inferred

[Link to this fact](https://atlas-extractions.minestarters.com/news/nevgold-announces-mineral-resource-antimony-of-29-600-tonnes-measured-indicated--758ef3ef-5655-4878-84d9-bb3acf576fd7#fact-resource-facts-21)

Limo Butte · gold

#### Identity

- Project: Limo Butte
- Commodity: gold
- Region: usa\_nv
- Reported Region: Nevada
- Ticker: NAU

#### Resource scope

- Estimate type: resource
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: Greg Mosher
- Resource group id: resource:0f0d8c9c43ae478f1a7e
- Deposit or zone: Cadillac Valley
- Mining method: open\_pit

#### Resource Data

- Category: inferred
- Tonnes: 57200000
- Grade: 0.37
- Grade Unit: g/t
- Contained Metal: 686500
- Contained Unit: oz
- Cutoff Grade: 0.3
- Cutoff Unit: g/t AuEq.

#### Prior Estimate

- Resource Date: 2026-07-15

#### Metal Equivalent

- Assumptions Disclosed: Yes

#### Lab

- Laboratory: American Assay Labs, Reno

#### Location

- Loc. Confidence: medium

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-07-15T00:00:00.000Z

Reasoning: Maiden Inferred resource for gold in the Cadillac Valley zone, representing the largest Inferred gold component of the MRE.

- Positive factor: Maiden Inferred resource for gold

- Positive factor: Largest Inferred gold component in the MRE

- Negative factor: Lower confidence category

Evidence · table

> 0.37

Context: 57.2

#### 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

**PEA-Supporting**

Polarity: neutral

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

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

**PFS-Supporting**

Polarity: neutral

Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&amp;I component.

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

### inferred

[Link to this fact](https://atlas-extractions.minestarters.com/news/nevgold-announces-mineral-resource-antimony-of-29-600-tonnes-measured-indicated--758ef3ef-5655-4878-84d9-bb3acf576fd7#fact-resource-facts-22)

Limo Butte · silver

#### Identity

- Project: Limo Butte
- Commodity: silver
- Region: usa\_nv
- Reported Region: Nevada
- Ticker: NAU

#### Resource scope

- Estimate type: resource
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: Greg Mosher
- Resource group id: resource:0f0d8c9c43ae478f1a7e
- Deposit or zone: Cadillac Valley
- Mining method: open\_pit

#### Resource Data

- Category: inferred
- Tonnes: 57200000
- Grade: 0.49
- Grade Unit: g/t
- Contained Metal: 895700
- Contained Unit: oz
- Cutoff Grade: 0.3
- Cutoff Unit: g/t AuEq.

#### Prior Estimate

- Resource Date: 2026-07-15

#### Metal Equivalent

- Assumptions Disclosed: Yes

#### Lab

- Laboratory: American Assay Labs, Reno

#### Location

- Loc. Confidence: medium

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-07-15T00:00:00.000Z

Reasoning: Maiden Inferred resource for silver in the Cadillac Valley zone, providing significant byproduct potential.

- Positive factor: Maiden Inferred resource for silver

- Positive factor: Significant byproduct potential

- Negative factor: Lower confidence category

Evidence · table

> 0.49

Context: 57.2

#### 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

**PEA-Supporting**

Polarity: neutral

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

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

**PFS-Supporting**

Polarity: neutral

Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&amp;I component.

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

### inferred

[Link to this fact](https://atlas-extractions.minestarters.com/news/nevgold-announces-mineral-resource-antimony-of-29-600-tonnes-measured-indicated--758ef3ef-5655-4878-84d9-bb3acf576fd7#fact-resource-facts-23)

Limo Butte · antimony

#### Identity

- Project: Limo Butte
- Commodity: antimony
- Region: usa\_nv
- Reported Region: Nevada
- Ticker: NAU

#### Resource scope

- Estimate type: resource
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: Greg Mosher
- Resource group id: resource:0f0d8c9c43ae478f1a7e
- Deposit or zone: Cadillac Valley
- Mining method: open\_pit

#### Resource Data

- Category: inferred
- Tonnes: 57200000
- Grade: 0.07
- Grade Unit: %
- Contained Metal: 40600
- Contained Unit: t
- Cutoff Grade: 0.3
- Cutoff Unit: g/t AuEq.

#### Prior Estimate

- Resource Date: 2026-07-15

#### Metal Equivalent

- Assumptions Disclosed: Yes

#### Lab

- Laboratory: American Assay Labs, Reno

#### Location

- Loc. Confidence: medium

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-07-15T00:00:00.000Z

Reasoning: Maiden Inferred resource for antimony in the Cadillac Valley zone, representing the largest Inferred antimony component of the MRE.

- Positive factor: Maiden Inferred resource for strategic antimony

- Positive factor: Largest Inferred antimony component in the MRE

- Negative factor: Lower confidence category

Evidence · table

> 0.07%

Context: 57.2

#### 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

**PEA-Supporting**

Polarity: neutral

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

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

**PFS-Supporting**

Polarity: neutral

Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&amp;I component.

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

### inferred

[Link to this fact](https://atlas-extractions.minestarters.com/news/nevgold-announces-mineral-resource-antimony-of-29-600-tonnes-measured-indicated--758ef3ef-5655-4878-84d9-bb3acf576fd7#fact-resource-facts-24)

Limo Butte · gold

#### Identity

- Project: Limo Butte
- Commodity: gold
- Region: usa\_nv
- Reported Region: Nevada
- Ticker: NAU

#### Resource scope

- Estimate type: resource
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: Greg Mosher
- Resource group id: resource:7fbd01d4a43bf622f201
- Deposit or zone: Northern Zones
- Mining method: open\_pit

#### Resource Data

- Category: inferred
- Tonnes: 31700000
- Grade: 0.25
- Grade Unit: g/t
- Contained Metal: 255000
- Contained Unit: oz
- Cutoff Grade: 0.15
- Cutoff Unit: g/t Au

#### Prior Estimate

- Resource Date: 2026-07-15

#### Metal Equivalent

- Assumptions Disclosed: Yes

#### Lab

- Laboratory: American Assay Labs, Reno

#### Location

- Loc. Confidence: medium

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-07-15T00:00:00.000Z

Reasoning: Maiden Inferred resource for gold in the Northern Zones, adding significant gold ounces to the overall resource, with a lower gold-only cut-off.

- Positive factor: Maiden Inferred resource for gold

- Positive factor: Significant gold ounces

- Negative factor: Lower confidence category

- Negative factor: No antimony data currently available

Evidence · table

> 0.25

Context: 31.7

#### 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

**PEA-Supporting**

Polarity: neutral

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

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

**PFS-Supporting**

Polarity: neutral

Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&amp;I component.

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

### inferred

[Link to this fact](https://atlas-extractions.minestarters.com/news/nevgold-announces-mineral-resource-antimony-of-29-600-tonnes-measured-indicated--758ef3ef-5655-4878-84d9-bb3acf576fd7#fact-resource-facts-25)

Limo Butte · gold

#### Identity

- Project: Limo Butte
- Commodity: gold
- Region: usa\_nv
- Reported Region: Nevada
- Ticker: NAU

#### Resource scope

- Estimate type: resource
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: Greg Mosher
- Resource group id: resource:9ad8dd32a1e7bb4198ee
- Mining method: open\_pit

#### Resource Data

- Category: inferred
- Tonnes: 117500000
- Grade: 0.32
- Grade Unit: g/t
- Contained Metal: 1203500
- Contained Unit: oz
- Cutoff Grade: 0.3
- Cutoff Unit: g/t AuEq.

#### Prior Estimate

- Resource Date: 2026-07-15

#### Metal Equivalent

- Assumptions Disclosed: Yes

#### Lab

- Laboratory: American Assay Labs, Reno

#### Location

- Loc. Confidence: medium

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-07-15T00:00:00.000Z

Reasoning: Maiden total Inferred resource for gold, representing a very large gold endowment with significant future potential.

- Positive factor: Maiden Inferred resource for gold

- Positive factor: Very large gold ounces, indicating significant potential

- Negative factor: Lower confidence category

Evidence · table

> 0.32

Context: 117.5

#### Tags used in scoring

**Inferred Resource**

Polarity: negative

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

Why it applies: category is "inferred"

**Cut-off 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

**PEA-Supporting**

Polarity: neutral

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

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

**PFS-Supporting**

Polarity: neutral

Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&amp;I component.

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

### inferred

[Link to this fact](https://atlas-extractions.minestarters.com/news/nevgold-announces-mineral-resource-antimony-of-29-600-tonnes-measured-indicated--758ef3ef-5655-4878-84d9-bb3acf576fd7#fact-resource-facts-26)

Limo Butte · silver

#### Identity

- Project: Limo Butte
- Commodity: silver
- Region: usa\_nv
- Reported Region: Nevada
- Ticker: NAU

#### Resource scope

- Estimate type: resource
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: Greg Mosher
- Resource group id: resource:9ad8dd32a1e7bb4198ee
- Mining method: open\_pit

#### Resource Data

- Category: inferred
- Tonnes: 117500000
- Grade: 0.61
- Grade Unit: g/t
- Contained Metal: 1694840
- Contained Unit: oz
- Cutoff Grade: 0.3
- Cutoff Unit: g/t AuEq.

#### Prior Estimate

- Resource Date: 2026-07-15

#### Metal Equivalent

- Assumptions Disclosed: Yes

#### Lab

- Laboratory: American Assay Labs, Reno

#### Location

- Loc. Confidence: medium

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-07-15T00:00:00.000Z

Reasoning: Maiden total Inferred resource for silver, indicating very large byproduct potential for the project.

- Positive factor: Maiden Inferred resource for silver

- Positive factor: Very large byproduct potential

- Negative factor: Lower confidence category

Evidence · table

> 0.61

Context: 117.5

#### Tags used in scoring

**Inferred Resource**

Polarity: negative

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

Why it applies: category is "inferred"

**Cut-off 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

**PEA-Supporting**

Polarity: neutral

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

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

**PFS-Supporting**

Polarity: neutral

Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&amp;I component.

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

### inferred

[Link to this fact](https://atlas-extractions.minestarters.com/news/nevgold-announces-mineral-resource-antimony-of-29-600-tonnes-measured-indicated--758ef3ef-5655-4878-84d9-bb3acf576fd7#fact-resource-facts-27)

Limo Butte · antimony

#### Identity

- Project: Limo Butte
- Commodity: antimony
- Region: usa\_nv
- Reported Region: Nevada
- Ticker: NAU

#### Resource scope

- Estimate type: resource
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: Greg Mosher
- Resource group id: resource:9ad8dd32a1e7bb4198ee
- Mining method: open\_pit

#### Resource Data

- Category: inferred
- Tonnes: 117500000
- Grade: 0.09
- Grade Unit: %
- Contained Metal: 75700
- Contained Unit: t
- Cutoff Grade: 0.3
- Cutoff Unit: g/t AuEq.

#### Prior Estimate

- Resource Date: 2026-07-15

#### Metal Equivalent

- Assumptions Disclosed: Yes

#### Lab

- Laboratory: American Assay Labs, Reno

#### Location

- Loc. Confidence: medium

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-07-15T00:00:00.000Z

Reasoning: Maiden total Inferred resource for antimony, representing a very large strategic antimony endowment with significant future potential.

- Positive factor: Maiden Inferred resource for strategic antimony

- Positive factor: Very large antimony tonnes, indicating significant potential

- Negative factor: Lower confidence category

Evidence · table

> 0.09%

Context: 117.5

#### Tags used in scoring

**Inferred Resource**

Polarity: negative

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

Why it applies: category is "inferred"

**Cut-off 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

**PEA-Supporting**

Polarity: neutral

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

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

**PFS-Supporting**

Polarity: neutral

Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&amp;I component.

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

### measured

[Link to this fact](https://atlas-extractions.minestarters.com/news/nevgold-announces-mineral-resource-antimony-of-29-600-tonnes-measured-indicated--758ef3ef-5655-4878-84d9-bb3acf576fd7#fact-resource-facts-28)

Limo Butte · gold

#### Identity

- Project: Limo Butte
- Commodity: gold
- Region: usa\_nv
- Reported Region: Nevada
- Ticker: NAU

#### Resource scope

- Estimate type: resource
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: Greg Mosher
- Resource group id: resource:90c985faa1065a5e4f66
- Deposit or zone: Leach Pads
- Mining method: open\_pit

#### Resource Data

- Category: measured
- Tonnes: 1000000
- Grade: 0.31
- Grade Unit: g/t
- Contained Metal: 9500
- Contained Unit: oz
- Cutoff Grade: 0.1
- Cutoff Unit: % Sb

#### Prior Estimate

- Resource Date: 2026-07-15

#### Metal Equivalent

- Assumptions Disclosed: Yes

#### Lab

- Laboratory: American Assay Labs, Reno

#### Location

- Loc. Confidence: medium

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-07-15T00:00:00.000Z

Reasoning: Maiden Measured resource for gold in the Leach Pads zone, reported within the antimony sub-domain, contributing to the overall project's initial resource definition.

- Positive factor: Maiden Measured resource for gold within antimony sub-domain

- Positive factor: Part of a strategic dual-commodity MRE

Evidence · table

> 0.31

Context: 1.0

#### Tags used in scoring

**Measured Resource**

Polarity: positive

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

Why it applies: category is "measured"

**Cut-off Disclosed**

Polarity: positive

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

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

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

Why it applies: qp\_signed is true

**NI 43-101 Compliant**

Polarity: positive

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

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

**PEA-Supporting**

Polarity: neutral

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

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

**PFS-Supporting**

Polarity: neutral

Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&amp;I component.

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

### measured

[Link to this fact](https://atlas-extractions.minestarters.com/news/nevgold-announces-mineral-resource-antimony-of-29-600-tonnes-measured-indicated--758ef3ef-5655-4878-84d9-bb3acf576fd7#fact-resource-facts-29)

Limo Butte · silver

#### Identity

- Project: Limo Butte
- Commodity: silver
- Region: usa\_nv
- Reported Region: Nevada
- Ticker: NAU

#### Resource scope

- Estimate type: resource
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: Greg Mosher
- Resource group id: resource:90c985faa1065a5e4f66
- Deposit or zone: Leach Pads
- Mining method: open\_pit

#### Resource Data

- Category: measured
- Tonnes: 1000000
- Grade: 2.8
- Grade Unit: g/t
- Contained Metal: 87000
- Contained Unit: oz
- Cutoff Grade: 0.1
- Cutoff Unit: % Sb

#### Prior Estimate

- Resource Date: 2026-07-15

#### Metal Equivalent

- Assumptions Disclosed: Yes

#### Lab

- Laboratory: American Assay Labs, Reno

#### Location

- Loc. Confidence: medium

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-07-15T00:00:00.000Z

Reasoning: Maiden Measured resource for silver in the Leach Pads zone, reported within the antimony sub-domain, providing byproduct potential.

- Positive factor: Maiden Measured resource for silver within antimony sub-domain

- Positive factor: Byproduct credit in a dual-commodity MRE

Evidence · table

> 2.80

Context: 1.0

#### Tags used in scoring

**Measured Resource**

Polarity: positive

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

Why it applies: category is "measured"

**Cut-off Disclosed**

Polarity: positive

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

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

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

Why it applies: qp\_signed is true

**NI 43-101 Compliant**

Polarity: positive

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

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

**PEA-Supporting**

Polarity: neutral

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

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

**PFS-Supporting**

Polarity: neutral

Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&amp;I component.

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

### measured

[Link to this fact](https://atlas-extractions.minestarters.com/news/nevgold-announces-mineral-resource-antimony-of-29-600-tonnes-measured-indicated--758ef3ef-5655-4878-84d9-bb3acf576fd7#fact-resource-facts-30)

Limo Butte · antimony

#### Identity

- Project: Limo Butte
- Commodity: antimony
- Region: usa\_nv
- Reported Region: Nevada
- Ticker: NAU

#### Resource scope

- Estimate type: resource
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: Greg Mosher
- Resource group id: resource:90c985faa1065a5e4f66
- Deposit or zone: Leach Pads
- Mining method: open\_pit

#### Resource Data

- Category: measured
- Tonnes: 1000000
- Grade: 0.26
- Grade Unit: %
- Contained Metal: 2600
- Contained Unit: t
- Cutoff Grade: 0.1
- Cutoff Unit: % Sb

#### Prior Estimate

- Resource Date: 2026-07-15

#### Metal Equivalent

- Assumptions Disclosed: Yes

#### Lab

- Laboratory: American Assay Labs, Reno

#### Location

- Loc. Confidence: medium

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-07-15T00:00:00.000Z

Reasoning: Maiden Measured resource for antimony in the Leach Pads zone, reported within the antimony sub-domain, representing a component of the strategic U.S. antimony resource.

- Positive factor: Maiden Measured resource for strategic antimony within antimony sub-domain

- Positive factor: Contributes to potential near-term production from surface material

Evidence · table

> 0.26%

Context: 1.0

#### Tags used in scoring

**Measured Resource**

Polarity: positive

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

Why it applies: category is "measured"

**Cut-off Disclosed**

Polarity: positive

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

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

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

Why it applies: qp\_signed is true

**NI 43-101 Compliant**

Polarity: positive

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

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

**PEA-Supporting**

Polarity: neutral

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

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

**PFS-Supporting**

Polarity: neutral

Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&amp;I component.

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

### indicated

[Link to this fact](https://atlas-extractions.minestarters.com/news/nevgold-announces-mineral-resource-antimony-of-29-600-tonnes-measured-indicated--758ef3ef-5655-4878-84d9-bb3acf576fd7#fact-resource-facts-31)

Limo Butte · gold

#### Identity

- Project: Limo Butte
- Commodity: gold
- Region: usa\_nv
- Reported Region: Nevada
- Ticker: NAU

#### Resource scope

- Estimate type: resource
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: Greg Mosher
- Resource group id: resource:d3191bbeee227ee46769
- Deposit or zone: Leach Pads
- Mining method: open\_pit

#### Resource Data

- Category: indicated
- Tonnes: 1200000
- Grade: 0.29
- Grade Unit: g/t
- Contained Metal: 11600
- Contained Unit: oz
- Cutoff Grade: 0.1
- Cutoff Unit: % Sb

#### Prior Estimate

- Resource Date: 2026-07-15

#### Metal Equivalent

- Assumptions Disclosed: Yes

#### Lab

- Laboratory: American Assay Labs, Reno

#### Location

- Loc. Confidence: medium

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-07-15T00:00:00.000Z

Reasoning: Maiden Indicated resource for gold in the Leach Pads zone, reported within the antimony sub-domain, contributing to the project's initial resource definition.

- Positive factor: Maiden Indicated resource for gold within antimony sub-domain

- Positive factor: Adds to the overall gold resource base

Evidence · table

> 0.29

Context: 1.2

#### Tags used in scoring

**Indicated Resource**

Polarity: positive

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

Why it applies: category is "indicated"

**Cut-off 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

**PEA-Supporting**

Polarity: neutral

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

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

**PFS-Supporting**

Polarity: neutral

Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&amp;I component.

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

### indicated

[Link to this fact](https://atlas-extractions.minestarters.com/news/nevgold-announces-mineral-resource-antimony-of-29-600-tonnes-measured-indicated--758ef3ef-5655-4878-84d9-bb3acf576fd7#fact-resource-facts-32)

Limo Butte · silver

#### Identity

- Project: Limo Butte
- Commodity: silver
- Region: usa\_nv
- Reported Region: Nevada
- Ticker: NAU

#### Resource scope

- Estimate type: resource
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: Greg Mosher
- Resource group id: resource:d3191bbeee227ee46769
- Deposit or zone: Leach Pads
- Mining method: open\_pit

#### Resource Data

- Category: indicated
- Tonnes: 1200000
- Grade: 2.44
- Grade Unit: g/t
- Contained Metal: 96700
- Contained Unit: oz
- Cutoff Grade: 0.1
- Cutoff Unit: % Sb

#### Prior Estimate

- Resource Date: 2026-07-15

#### Metal Equivalent

- Assumptions Disclosed: Yes

#### Lab

- Laboratory: American Assay Labs, Reno

#### Location

- Loc. Confidence: medium

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-07-15T00:00:00.000Z

Reasoning: Maiden Indicated resource for silver in the Leach Pads zone, reported within the antimony sub-domain, adding to the project's byproduct potential.

- Positive factor: Maiden Indicated resource for silver within antimony sub-domain

- Positive factor: Provides byproduct potential

Evidence · table

> 2.44

Context: 1.2

#### Tags used in scoring

**Indicated Resource**

Polarity: positive

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

Why it applies: category is "indicated"

**Cut-off 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

**PEA-Supporting**

Polarity: neutral

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

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

**PFS-Supporting**

Polarity: neutral

Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&amp;I component.

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

### indicated

[Link to this fact](https://atlas-extractions.minestarters.com/news/nevgold-announces-mineral-resource-antimony-of-29-600-tonnes-measured-indicated--758ef3ef-5655-4878-84d9-bb3acf576fd7#fact-resource-facts-33)

Limo Butte · antimony

#### Identity

- Project: Limo Butte
- Commodity: antimony
- Region: usa\_nv
- Reported Region: Nevada
- Ticker: NAU

#### Resource scope

- Estimate type: resource
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: Greg Mosher
- Resource group id: resource:d3191bbeee227ee46769
- Deposit or zone: Leach Pads
- Mining method: open\_pit

#### Resource Data

- Category: indicated
- Tonnes: 1200000
- Grade: 0.3
- Grade Unit: %
- Contained Metal: 3700
- Contained Unit: t
- Cutoff Grade: 0.1
- Cutoff Unit: % Sb

#### Prior Estimate

- Resource Date: 2026-07-15

#### Metal Equivalent

- Assumptions Disclosed: Yes

#### Lab

- Laboratory: American Assay Labs, Reno

#### Location

- Loc. Confidence: medium

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-07-15T00:00:00.000Z

Reasoning: Maiden Indicated resource for antimony in the Leach Pads zone, reported within the antimony sub-domain, adding to the strategic U.S. antimony resource.

- Positive factor: Maiden Indicated resource for strategic antimony within antimony sub-domain

- Positive factor: Contributes to potential near-term production from surface material

Evidence · table

> 0.30%

Context: 1.2

#### Tags used in scoring

**Indicated Resource**

Polarity: positive

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

Why it applies: category is "indicated"

**Cut-off 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

**PEA-Supporting**

Polarity: neutral

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

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

**PFS-Supporting**

Polarity: neutral

Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&amp;I component.

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

### indicated

[Link to this fact](https://atlas-extractions.minestarters.com/news/nevgold-announces-mineral-resource-antimony-of-29-600-tonnes-measured-indicated--758ef3ef-5655-4878-84d9-bb3acf576fd7#fact-resource-facts-34)

Limo Butte · gold

#### Identity

- Project: Limo Butte
- Commodity: gold
- Region: usa\_nv
- Reported Region: Nevada
- Ticker: NAU

#### Resource scope

- Estimate type: resource
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: Greg Mosher
- Resource group id: resource:92632e8794bcf5c1e752
- Deposit or zone: Pre-Strip Dump
- Mining method: open\_pit

#### Resource Data

- Category: indicated
- Tonnes: 90000
- Grade: 0.3
- Grade Unit: g/t
- Contained Metal: 900
- Contained Unit: oz
- Cutoff Grade: 0.1
- Cutoff Unit: % Sb

#### Prior Estimate

- Resource Date: 2026-07-15

#### Metal Equivalent

- Assumptions Disclosed: Yes

#### Lab

- Laboratory: American Assay Labs, Reno

#### Location

- Loc. Confidence: medium

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-07-15T00:00:00.000Z

Reasoning: Maiden Indicated resource for gold in the Pre-Strip Dump zone, reported within the antimony sub-domain, contributing to the initial resource definition from existing material.

- Positive factor: Maiden Indicated resource for gold within antimony sub-domain

- Positive factor: From already mined material

Evidence · table

> 0.30

Context: 0.09

#### Tags used in scoring

**Indicated Resource**

Polarity: positive

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

Why it applies: category is "indicated"

**Cut-off Disclosed**

Polarity: positive

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

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

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

Why it applies: qp\_signed is true

**NI 43-101 Compliant**

Polarity: positive

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

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

**PEA-Supporting**

Polarity: neutral

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

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

**PFS-Supporting**

Polarity: neutral

Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&amp;I component.

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

### indicated

[Link to this fact](https://atlas-extractions.minestarters.com/news/nevgold-announces-mineral-resource-antimony-of-29-600-tonnes-measured-indicated--758ef3ef-5655-4878-84d9-bb3acf576fd7#fact-resource-facts-35)

Limo Butte · silver

#### Identity

- Project: Limo Butte
- Commodity: silver
- Region: usa\_nv
- Reported Region: Nevada
- Ticker: NAU

#### Resource scope

- Estimate type: resource
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: Greg Mosher
- Resource group id: resource:92632e8794bcf5c1e752
- Deposit or zone: Pre-Strip Dump
- Mining method: open\_pit

#### Resource Data

- Category: indicated
- Tonnes: 90000
- Grade: 0.13
- Grade Unit: g/t
- Contained Metal: 400
- Contained Unit: oz
- Cutoff Grade: 0.1
- Cutoff Unit: % Sb

#### Prior Estimate

- Resource Date: 2026-07-15

#### Metal Equivalent

- Assumptions Disclosed: Yes

#### Lab

- Laboratory: American Assay Labs, Reno

#### Location

- Loc. Confidence: medium

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-07-15T00:00:00.000Z

Reasoning: Maiden Indicated resource for silver in the Pre-Strip Dump zone, reported within the antimony sub-domain, adding to the project's byproduct potential.

- Positive factor: Maiden Indicated resource for silver within antimony sub-domain

- Positive factor: Provides byproduct potential

Evidence · table

> 0.13

Context: 0.09

#### Tags used in scoring

**Indicated Resource**

Polarity: positive

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

Why it applies: category is "indicated"

**Cut-off Disclosed**

Polarity: positive

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

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

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

Why it applies: qp\_signed is true

**NI 43-101 Compliant**

Polarity: positive

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

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

**PEA-Supporting**

Polarity: neutral

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

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

**PFS-Supporting**

Polarity: neutral

Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&amp;I component.

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

### indicated

[Link to this fact](https://atlas-extractions.minestarters.com/news/nevgold-announces-mineral-resource-antimony-of-29-600-tonnes-measured-indicated--758ef3ef-5655-4878-84d9-bb3acf576fd7#fact-resource-facts-36)

Limo Butte · antimony

#### Identity

- Project: Limo Butte
- Commodity: antimony
- Region: usa\_nv
- Reported Region: Nevada
- Ticker: NAU

#### Resource scope

- Estimate type: resource
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: Greg Mosher
- Resource group id: resource:92632e8794bcf5c1e752
- Deposit or zone: Pre-Strip Dump
- Mining method: open\_pit

#### Resource Data

- Category: indicated
- Tonnes: 90000
- Grade: 0.65
- Grade Unit: %
- Contained Metal: 600
- Contained Unit: t
- Cutoff Grade: 0.1
- Cutoff Unit: % Sb

#### Prior Estimate

- Resource Date: 2026-07-15

#### Metal Equivalent

- Assumptions Disclosed: Yes

#### Lab

- Laboratory: American Assay Labs, Reno

#### Location

- Loc. Confidence: medium

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-07-15T00:00:00.000Z

Reasoning: Maiden Indicated resource for antimony in the Pre-Strip Dump zone, reported within the antimony sub-domain, contributing to the strategic U.S. antimony resource from existing material.

- Positive factor: Maiden Indicated resource for strategic antimony within antimony sub-domain

- Positive factor: Higher grade antimony from already mined material

Evidence · table

> 0.65%

Context: 0.09

#### Tags used in scoring

**Indicated Resource**

Polarity: positive

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

Why it applies: category is "indicated"

**Cut-off Disclosed**

Polarity: positive

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

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

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

Why it applies: qp\_signed is true

**NI 43-101 Compliant**

Polarity: positive

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

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

**PEA-Supporting**

Polarity: neutral

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

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

**PFS-Supporting**

Polarity: neutral

Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&amp;I component.

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

### indicated

[Link to this fact](https://atlas-extractions.minestarters.com/news/nevgold-announces-mineral-resource-antimony-of-29-600-tonnes-measured-indicated--758ef3ef-5655-4878-84d9-bb3acf576fd7#fact-resource-facts-37)

Limo Butte · gold

#### Identity

- Project: Limo Butte
- Commodity: gold
- Region: usa\_nv
- Reported Region: Nevada
- Ticker: NAU

#### Resource scope

- Estimate type: resource
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: Greg Mosher
- Resource group id: resource:f42f579dc5900dbd347a
- Deposit or zone: Resurrection
- Mining method: open\_pit

#### Resource Data

- Category: indicated
- Tonnes: 9100000
- Grade: 0.37
- Grade Unit: g/t
- Contained Metal: 107500
- Contained Unit: oz
- Cutoff Grade: 0.1
- Cutoff Unit: % Sb

#### Prior Estimate

- Resource Date: 2026-07-15

#### Metal Equivalent

- Assumptions Disclosed: Yes

#### Lab

- Laboratory: American Assay Labs, Reno

#### Location

- Loc. Confidence: medium

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-07-15T00:00:00.000Z

Reasoning: Maiden Indicated resource for gold in the Resurrection zone, reported within the antimony sub-domain, representing a significant gold component of the MRE.

- Positive factor: Maiden Indicated resource for gold within antimony sub-domain

- Positive factor: Significant gold ounces

Evidence · table

> 0.37

Context: 9.1

#### Tags used in scoring

**Indicated Resource**

Polarity: positive

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

Why it applies: category is "indicated"

**Cut-off 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

**PEA-Supporting**

Polarity: neutral

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

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

**PFS-Supporting**

Polarity: neutral

Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&amp;I component.

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

### indicated

[Link to this fact](https://atlas-extractions.minestarters.com/news/nevgold-announces-mineral-resource-antimony-of-29-600-tonnes-measured-indicated--758ef3ef-5655-4878-84d9-bb3acf576fd7#fact-resource-facts-38)

Limo Butte · silver

#### Identity

- Project: Limo Butte
- Commodity: silver
- Region: usa\_nv
- Reported Region: Nevada
- Ticker: NAU

#### Resource scope

- Estimate type: resource
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: Greg Mosher
- Resource group id: resource:f42f579dc5900dbd347a
- Deposit or zone: Resurrection
- Mining method: open\_pit

#### Resource Data

- Category: indicated
- Tonnes: 9100000
- Grade: 0.97
- Grade Unit: g/t
- Contained Metal: 283500
- Contained Unit: oz
- Cutoff Grade: 0.1
- Cutoff Unit: % Sb

#### Prior Estimate

- Resource Date: 2026-07-15

#### Metal Equivalent

- Assumptions Disclosed: Yes

#### Lab

- Laboratory: American Assay Labs, Reno

#### Location

- Loc. Confidence: medium

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-07-15T00:00:00.000Z

Reasoning: Maiden Indicated resource for silver in the Resurrection zone, reported within the antimony sub-domain, providing significant byproduct potential.

- Positive factor: Maiden Indicated resource for silver within antimony sub-domain

- Positive factor: Significant byproduct potential

Evidence · table

> 0.97

Context: 9.1

#### Tags used in scoring

**Indicated Resource**

Polarity: positive

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

Why it applies: category is "indicated"

**Cut-off 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

**PEA-Supporting**

Polarity: neutral

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

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

**PFS-Supporting**

Polarity: neutral

Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&amp;I component.

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

### indicated

[Link to this fact](https://atlas-extractions.minestarters.com/news/nevgold-announces-mineral-resource-antimony-of-29-600-tonnes-measured-indicated--758ef3ef-5655-4878-84d9-bb3acf576fd7#fact-resource-facts-39)

Limo Butte · antimony

#### Identity

- Project: Limo Butte
- Commodity: antimony
- Region: usa\_nv
- Reported Region: Nevada
- Ticker: NAU

#### Resource scope

- Estimate type: resource
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: Greg Mosher
- Resource group id: resource:f42f579dc5900dbd347a
- Deposit or zone: Resurrection
- Mining method: open\_pit

#### Resource Data

- Category: indicated
- Tonnes: 9100000
- Grade: 0.25
- Grade Unit: %
- Contained Metal: 22700
- Contained Unit: t
- Cutoff Grade: 0.1
- Cutoff Unit: % Sb

#### Prior Estimate

- Resource Date: 2026-07-15

#### Metal Equivalent

- Assumptions Disclosed: Yes

#### Lab

- Laboratory: American Assay Labs, Reno

#### Location

- Loc. Confidence: medium

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-07-15T00:00:00.000Z

Reasoning: Maiden Indicated resource for antimony in the Resurrection zone, reported within the antimony sub-domain, representing a significant antimony component of the MRE.

- Positive factor: Maiden Indicated resource for strategic antimony within antimony sub-domain

- Positive factor: Significant antimony tonnes

Evidence · table

> 0.25%

Context: 9.1

#### Tags used in scoring

**Indicated Resource**

Polarity: positive

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

Why it applies: category is "indicated"

**Cut-off 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

**PEA-Supporting**

Polarity: neutral

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

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

**PFS-Supporting**

Polarity: neutral

Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&amp;I component.

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

### indicated

[Link to this fact](https://atlas-extractions.minestarters.com/news/nevgold-announces-mineral-resource-antimony-of-29-600-tonnes-measured-indicated--758ef3ef-5655-4878-84d9-bb3acf576fd7#fact-resource-facts-40)

Limo Butte · gold

#### Identity

- Project: Limo Butte
- Commodity: gold
- Region: usa\_nv
- Reported Region: Nevada
- Ticker: NAU

#### Resource scope

- Estimate type: resource
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: Greg Mosher
- Resource group id: resource:393a1737a0c0da836fbc
- Mining method: open\_pit

#### Resource Data

- Category: indicated
- Tonnes: 11300000
- Grade: 0.36
- Grade Unit: g/t
- Contained Metal: 129500
- Contained Unit: oz
- Cutoff Grade: 0.1
- Cutoff Unit: % Sb

#### Prior Estimate

- Resource Date: 2026-07-15

#### Metal Equivalent

- Assumptions Disclosed: Yes

#### Lab

- Laboratory: American Assay Labs, Reno

#### Location

- Loc. Confidence: medium

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-07-15T00:00:00.000Z

Reasoning: Maiden total Measured &amp; Indicated resource for gold, reported within the antimony sub-domain, providing a substantial base of higher-confidence gold ounces.

- Positive factor: Maiden Measured &amp; Indicated resource for gold within antimony sub-domain

- Positive factor: Significant gold ounces in higher confidence categories

Evidence · table

> 0.36

Context: 11.3

#### Tags used in scoring

**Indicated Resource**

Polarity: positive

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

Why it applies: category is "indicated"

**Cut-off Disclosed**

Polarity: positive

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

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

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

Why it applies: qp\_signed is true

**NI 43-101 Compliant**

Polarity: positive

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

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

**PEA-Supporting**

Polarity: neutral

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

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

**PFS-Supporting**

Polarity: neutral

Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&amp;I component.

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

### indicated

[Link to this fact](https://atlas-extractions.minestarters.com/news/nevgold-announces-mineral-resource-antimony-of-29-600-tonnes-measured-indicated--758ef3ef-5655-4878-84d9-bb3acf576fd7#fact-resource-facts-41)

Limo Butte · silver

#### Identity

- Project: Limo Butte
- Commodity: silver
- Region: usa\_nv
- Reported Region: Nevada
- Ticker: NAU

#### Resource scope

- Estimate type: resource
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: Greg Mosher
- Resource group id: resource:393a1737a0c0da836fbc
- Mining method: open\_pit

#### Resource Data

- Category: indicated
- Tonnes: 11300000
- Grade: 1.28
- Grade Unit: g/t
- Contained Metal: 467600
- Contained Unit: oz
- Cutoff Grade: 0.1
- Cutoff Unit: % Sb

#### Prior Estimate

- Resource Date: 2026-07-15

#### Metal Equivalent

- Assumptions Disclosed: Yes

#### Lab

- Laboratory: American Assay Labs, Reno

#### Location

- Loc. Confidence: medium

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-07-15T00:00:00.000Z

Reasoning: Maiden total Measured &amp; Indicated resource for silver, reported within the antimony sub-domain, offering substantial byproduct potential.

- Positive factor: Maiden Measured &amp; Indicated resource for silver within antimony sub-domain

- Positive factor: Significant byproduct potential in higher confidence categories

Evidence · table

> 1.28

Context: 11.3

#### Tags used in scoring

**Indicated Resource**

Polarity: positive

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

Why it applies: category is "indicated"

**Cut-off Disclosed**

Polarity: positive

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

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

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

Why it applies: qp\_signed is true

**NI 43-101 Compliant**

Polarity: positive

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

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

**PEA-Supporting**

Polarity: neutral

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

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

**PFS-Supporting**

Polarity: neutral

Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&amp;I component.

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

### indicated

[Link to this fact](https://atlas-extractions.minestarters.com/news/nevgold-announces-mineral-resource-antimony-of-29-600-tonnes-measured-indicated--758ef3ef-5655-4878-84d9-bb3acf576fd7#fact-resource-facts-42)

Limo Butte · antimony

#### Identity

- Project: Limo Butte
- Commodity: antimony
- Region: usa\_nv
- Reported Region: Nevada
- Ticker: NAU

#### Resource scope

- Estimate type: resource
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: Greg Mosher
- Resource group id: resource:393a1737a0c0da836fbc
- Mining method: open\_pit

#### Resource Data

- Category: indicated
- Tonnes: 11300000
- Grade: 0.26
- Grade Unit: %
- Contained Metal: 29600
- Contained Unit: t
- Cutoff Grade: 0.1
- Cutoff Unit: % Sb

#### Prior Estimate

- Resource Date: 2026-07-15

#### Metal Equivalent

- Assumptions Disclosed: Yes

#### Lab

- Laboratory: American Assay Labs, Reno

#### Location

- Loc. Confidence: medium

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-07-15T00:00:00.000Z

Reasoning: Maiden total Measured &amp; Indicated resource for antimony, reported within the antimony sub-domain, establishing a substantial strategic antimony base.

- Positive factor: Maiden Measured &amp; Indicated resource for strategic antimony within antimony sub-domain

- Positive factor: Significant antimony tonnes in higher confidence categories

Evidence · table

> 0.26%

Context: 11.3

#### Tags used in scoring

**Indicated Resource**

Polarity: positive

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

Why it applies: category is "indicated"

**Cut-off Disclosed**

Polarity: positive

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

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

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

Why it applies: qp\_signed is true

**NI 43-101 Compliant**

Polarity: positive

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

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

**PEA-Supporting**

Polarity: neutral

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

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

**PFS-Supporting**

Polarity: neutral

Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&amp;I component.

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

### inferred

[Link to this fact](https://atlas-extractions.minestarters.com/news/nevgold-announces-mineral-resource-antimony-of-29-600-tonnes-measured-indicated--758ef3ef-5655-4878-84d9-bb3acf576fd7#fact-resource-facts-43)

Limo Butte · gold

#### Identity

- Project: Limo Butte
- Commodity: gold
- Region: usa\_nv
- Reported Region: Nevada
- Ticker: NAU

#### Resource scope

- Estimate type: resource
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: Greg Mosher
- Resource group id: resource:306797daea922d5df451
- Deposit or zone: Pre-Strip Dump
- Mining method: open\_pit

#### Resource Data

- Category: inferred
- Tonnes: 40000
- Grade: 0.28
- Grade Unit: g/t
- Contained Metal: 400
- Contained Unit: oz
- Cutoff Grade: 0.1
- Cutoff Unit: % Sb

#### Prior Estimate

- Resource Date: 2026-07-15

#### Metal Equivalent

- Assumptions Disclosed: Yes

#### Lab

- Laboratory: American Assay Labs, Reno

#### Location

- Loc. Confidence: medium

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-07-15T00:00:00.000Z

Reasoning: Maiden Inferred resource for gold in the Pre-Strip Dump zone, reported within the antimony sub-domain, contributing to the overall resource from existing material.

- Positive factor: Maiden Inferred resource for gold within antimony sub-domain

- Positive factor: From already mined material

- Negative factor: Lower confidence category

Evidence · table

> 0.28

Context: 0.04

#### 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

**PEA-Supporting**

Polarity: neutral

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

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

**PFS-Supporting**

Polarity: neutral

Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&amp;I component.

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

### inferred

[Link to this fact](https://atlas-extractions.minestarters.com/news/nevgold-announces-mineral-resource-antimony-of-29-600-tonnes-measured-indicated--758ef3ef-5655-4878-84d9-bb3acf576fd7#fact-resource-facts-44)

Limo Butte · silver

#### Identity

- Project: Limo Butte
- Commodity: silver
- Region: usa\_nv
- Reported Region: Nevada
- Ticker: NAU

#### Resource scope

- Estimate type: resource
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: Greg Mosher
- Resource group id: resource:306797daea922d5df451
- Deposit or zone: Pre-Strip Dump
- Mining method: open\_pit

#### Resource Data

- Category: inferred
- Tonnes: 40000
- Grade: 0.03
- Grade Unit: g/t
- Contained Metal: 40
- Contained Unit: oz
- Cutoff Grade: 0.1
- Cutoff Unit: % Sb

#### Prior Estimate

- Resource Date: 2026-07-15

#### Metal Equivalent

- Assumptions Disclosed: Yes

#### Lab

- Laboratory: American Assay Labs, Reno

#### Location

- Loc. Confidence: medium

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-07-15T00:00:00.000Z

Reasoning: Maiden Inferred resource for silver in the Pre-Strip Dump zone, reported within the antimony sub-domain, adding to the overall resource with low grade.

- Positive factor: Maiden Inferred resource for silver within antimony sub-domain

- Negative factor: Lower confidence category

- Negative factor: Very low grade

Evidence · table

> 0.03

Context: 0.04

#### 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

**PEA-Supporting**

Polarity: neutral

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

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

**PFS-Supporting**

Polarity: neutral

Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&amp;I component.

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

### inferred

[Link to this fact](https://atlas-extractions.minestarters.com/news/nevgold-announces-mineral-resource-antimony-of-29-600-tonnes-measured-indicated--758ef3ef-5655-4878-84d9-bb3acf576fd7#fact-resource-facts-45)

Limo Butte · antimony

#### Identity

- Project: Limo Butte
- Commodity: antimony
- Region: usa\_nv
- Reported Region: Nevada
- Ticker: NAU

#### Resource scope

- Estimate type: resource
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: Greg Mosher
- Resource group id: resource:306797daea922d5df451
- Deposit or zone: Pre-Strip Dump
- Mining method: open\_pit

#### Resource Data

- Category: inferred
- Tonnes: 40000
- Grade: 1.02
- Grade Unit: %
- Contained Metal: 500
- Contained Unit: t
- Cutoff Grade: 0.1
- Cutoff Unit: % Sb

#### Prior Estimate

- Resource Date: 2026-07-15

#### Metal Equivalent

- Assumptions Disclosed: Yes

#### Lab

- Laboratory: American Assay Labs, Reno

#### Location

- Loc. Confidence: medium

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-07-15T00:00:00.000Z

Reasoning: Maiden Inferred resource for antimony in the Pre-Strip Dump zone, reported within the antimony sub-domain, contributing to the strategic U.S. antimony resource with high grade.

- Positive factor: Maiden Inferred resource for strategic antimony within antimony sub-domain

- Positive factor: High grade antimony from already mined material

- Negative factor: Lower confidence category

Evidence · table

> 1.02%

Context: 0.04

#### 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

**PEA-Supporting**

Polarity: neutral

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

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

**PFS-Supporting**

Polarity: neutral

Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&amp;I component.

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

### inferred

[Link to this fact](https://atlas-extractions.minestarters.com/news/nevgold-announces-mineral-resource-antimony-of-29-600-tonnes-measured-indicated--758ef3ef-5655-4878-84d9-bb3acf576fd7#fact-resource-facts-46)

Limo Butte · gold

#### Identity

- Project: Limo Butte
- Commodity: gold
- Region: usa\_nv
- Reported Region: Nevada
- Ticker: NAU

#### Resource scope

- Estimate type: resource
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: Greg Mosher
- Resource group id: resource:6d0b9239e6f59555ed6e
- Deposit or zone: Resurrection
- Mining method: open\_pit

#### Resource Data

- Category: inferred
- Tonnes: 14100000
- Grade: 0.19
- Grade Unit: g/t
- Contained Metal: 87300
- Contained Unit: oz
- Cutoff Grade: 0.1
- Cutoff Unit: % Sb

#### Prior Estimate

- Resource Date: 2026-07-15

#### Metal Equivalent

- Assumptions Disclosed: Yes

#### Lab

- Laboratory: American Assay Labs, Reno

#### Location

- Loc. Confidence: medium

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-07-15T00:00:00.000Z

Reasoning: Maiden Inferred resource for gold in the Resurrection zone, reported within the antimony sub-domain, adding significant gold ounces to the overall resource.

- Positive factor: Maiden Inferred resource for gold within antimony sub-domain

- Positive factor: Significant gold ounces

- Negative factor: Lower confidence category

Evidence · table

> 0.19

Context: 14.1

#### 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

**PEA-Supporting**

Polarity: neutral

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

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

**PFS-Supporting**

Polarity: neutral

Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&amp;I component.

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

### inferred

[Link to this fact](https://atlas-extractions.minestarters.com/news/nevgold-announces-mineral-resource-antimony-of-29-600-tonnes-measured-indicated--758ef3ef-5655-4878-84d9-bb3acf576fd7#fact-resource-facts-47)

Limo Butte · silver

#### Identity

- Project: Limo Butte
- Commodity: silver
- Region: usa\_nv
- Reported Region: Nevada
- Ticker: NAU

#### Resource scope

- Estimate type: resource
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: Greg Mosher
- Resource group id: resource:6d0b9239e6f59555ed6e
- Deposit or zone: Resurrection
- Mining method: open\_pit

#### Resource Data

- Category: inferred
- Tonnes: 14100000
- Grade: 0.61
- Grade Unit: g/t
- Contained Metal: 275700
- Contained Unit: oz
- Cutoff Grade: 0.1
- Cutoff Unit: % Sb

#### Prior Estimate

- Resource Date: 2026-07-15

#### Metal Equivalent

- Assumptions Disclosed: Yes

#### Lab

- Laboratory: American Assay Labs, Reno

#### Location

- Loc. Confidence: medium

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-07-15T00:00:00.000Z

Reasoning: Maiden Inferred resource for silver in the Resurrection zone, reported within the antimony sub-domain, providing significant byproduct potential.

- Positive factor: Maiden Inferred resource for silver within antimony sub-domain

- Positive factor: Significant byproduct potential

- Negative factor: Lower confidence category

Evidence · table

> 0.61

Context: 14.1

#### 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

**PEA-Supporting**

Polarity: neutral

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

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

**PFS-Supporting**

Polarity: neutral

Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&amp;I component.

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

### inferred

[Link to this fact](https://atlas-extractions.minestarters.com/news/nevgold-announces-mineral-resource-antimony-of-29-600-tonnes-measured-indicated--758ef3ef-5655-4878-84d9-bb3acf576fd7#fact-resource-facts-48)

Limo Butte · antimony

#### Identity

- Project: Limo Butte
- Commodity: antimony
- Region: usa\_nv
- Reported Region: Nevada
- Ticker: NAU

#### Resource scope

- Estimate type: resource
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: Greg Mosher
- Resource group id: resource:6d0b9239e6f59555ed6e
- Deposit or zone: Resurrection
- Mining method: open\_pit

#### Resource Data

- Category: inferred
- Tonnes: 14100000
- Grade: 0.2
- Grade Unit: %
- Contained Metal: 27600
- Contained Unit: t
- Cutoff Grade: 0.1
- Cutoff Unit: % Sb

#### Prior Estimate

- Resource Date: 2026-07-15

#### Metal Equivalent

- Assumptions Disclosed: Yes

#### Lab

- Laboratory: American Assay Labs, Reno

#### Location

- Loc. Confidence: medium

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-07-15T00:00:00.000Z

Reasoning: Maiden Inferred resource for antimony in the Resurrection zone, reported within the antimony sub-domain, adding significant antimony tonnes to the strategic U.S. resource.

- Positive factor: Maiden Inferred resource for strategic antimony within antimony sub-domain

- Positive factor: Significant antimony tonnes

- Negative factor: Lower confidence category

Evidence · table

> 0.20%

Context: 14.1

#### 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

**PEA-Supporting**

Polarity: neutral

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

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

**PFS-Supporting**

Polarity: neutral

Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&amp;I component.

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

### inferred

[Link to this fact](https://atlas-extractions.minestarters.com/news/nevgold-announces-mineral-resource-antimony-of-29-600-tonnes-measured-indicated--758ef3ef-5655-4878-84d9-bb3acf576fd7#fact-resource-facts-49)

Limo Butte · gold

#### Identity

- Project: Limo Butte
- Commodity: gold
- Region: usa\_nv
- Reported Region: Nevada
- Ticker: NAU

#### Resource scope

- Estimate type: resource
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: Greg Mosher
- Resource group id: resource:957b924033c46257ecff
- Deposit or zone: Cadillac Valley
- Mining method: open\_pit

#### Resource Data

- Category: inferred
- Tonnes: 12700000
- Grade: 0.26
- Grade Unit: g/t
- Contained Metal: 108400
- Contained Unit: oz
- Cutoff Grade: 0.1
- Cutoff Unit: % Sb

#### Prior Estimate

- Resource Date: 2026-07-15

#### Metal Equivalent

- Assumptions Disclosed: Yes

#### Lab

- Laboratory: American Assay Labs, Reno

#### Location

- Loc. Confidence: medium

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-07-15T00:00:00.000Z

Reasoning: Maiden Inferred resource for gold in the Cadillac Valley zone, reported within the antimony sub-domain, adding significant gold ounces to the overall resource.

- Positive factor: Maiden Inferred resource for gold within antimony sub-domain

- Positive factor: Significant gold ounces

- Negative factor: Lower confidence category

Evidence · table

> 0.26

Context: 12.7

#### 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

**PEA-Supporting**

Polarity: neutral

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

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

**PFS-Supporting**

Polarity: neutral

Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&amp;I component.

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

### inferred

[Link to this fact](https://atlas-extractions.minestarters.com/news/nevgold-announces-mineral-resource-antimony-of-29-600-tonnes-measured-indicated--758ef3ef-5655-4878-84d9-bb3acf576fd7#fact-resource-facts-50)

Limo Butte · silver

#### Identity

- Project: Limo Butte
- Commodity: silver
- Region: usa\_nv
- Reported Region: Nevada
- Ticker: NAU

#### Resource scope

- Estimate type: resource
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: Greg Mosher
- Resource group id: resource:957b924033c46257ecff
- Deposit or zone: Cadillac Valley
- Mining method: open\_pit

#### Resource Data

- Category: inferred
- Tonnes: 12700000
- Grade: 0.53
- Grade Unit: g/t
- Contained Metal: 218100
- Contained Unit: oz
- Cutoff Grade: 0.1
- Cutoff Unit: % Sb

#### Prior Estimate

- Resource Date: 2026-07-15

#### Metal Equivalent

- Assumptions Disclosed: Yes

#### Lab

- Laboratory: American Assay Labs, Reno

#### Location

- Loc. Confidence: medium

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-07-15T00:00:00.000Z

Reasoning: Maiden Inferred resource for silver in the Cadillac Valley zone, reported within the antimony sub-domain, providing significant byproduct potential.

- Positive factor: Maiden Inferred resource for silver within antimony sub-domain

- Positive factor: Significant byproduct potential

- Negative factor: Lower confidence category

Evidence · table

> 0.53

Context: 12.7

#### 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

**PEA-Supporting**

Polarity: neutral

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

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

**PFS-Supporting**

Polarity: neutral

Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&amp;I component.

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

### inferred

[Link to this fact](https://atlas-extractions.minestarters.com/news/nevgold-announces-mineral-resource-antimony-of-29-600-tonnes-measured-indicated--758ef3ef-5655-4878-84d9-bb3acf576fd7#fact-resource-facts-51)

Limo Butte · antimony

#### Identity

- Project: Limo Butte
- Commodity: antimony
- Region: usa\_nv
- Reported Region: Nevada
- Ticker: NAU

#### Resource scope

- Estimate type: resource
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: Greg Mosher
- Resource group id: resource:957b924033c46257ecff
- Deposit or zone: Cadillac Valley
- Mining method: open\_pit

#### Resource Data

- Category: inferred
- Tonnes: 12700000
- Grade: 0.16
- Grade Unit: %
- Contained Metal: 20000
- Contained Unit: t
- Cutoff Grade: 0.1
- Cutoff Unit: % Sb

#### Prior Estimate

- Resource Date: 2026-07-15

#### Metal Equivalent

- Assumptions Disclosed: Yes

#### Lab

- Laboratory: American Assay Labs, Reno

#### Location

- Loc. Confidence: medium

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-07-15T00:00:00.000Z

Reasoning: Maiden Inferred resource for antimony in the Cadillac Valley zone, reported within the antimony sub-domain, adding significant antimony tonnes to the strategic U.S. resource.

- Positive factor: Maiden Inferred resource for strategic antimony within antimony sub-domain

- Positive factor: Significant antimony tonnes

- Negative factor: Lower confidence category

Evidence · table

> 0.16%

Context: 12.7

#### 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

**PEA-Supporting**

Polarity: neutral

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

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

**PFS-Supporting**

Polarity: neutral

Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&amp;I component.

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

### inferred

[Link to this fact](https://atlas-extractions.minestarters.com/news/nevgold-announces-mineral-resource-antimony-of-29-600-tonnes-measured-indicated--758ef3ef-5655-4878-84d9-bb3acf576fd7#fact-resource-facts-52)

Limo Butte · gold

#### Identity

- Project: Limo Butte
- Commodity: gold
- Region: usa\_nv
- Reported Region: Nevada
- Ticker: NAU

#### Resource scope

- Estimate type: resource
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: Greg Mosher
- Resource group id: resource:58cfcb33730376b92117
- Mining method: open\_pit

#### Resource Data

- Category: inferred
- Tonnes: 26900000
- Grade: 0.23
- Grade Unit: g/t
- Contained Metal: 196100
- Contained Unit: oz
- Cutoff Grade: 0.1
- Cutoff Unit: % Sb

#### Prior Estimate

- Resource Date: 2026-07-15

#### Metal Equivalent

- Assumptions Disclosed: Yes

#### Lab

- Laboratory: American Assay Labs, Reno

#### Location

- Loc. Confidence: medium

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-07-15T00:00:00.000Z

Reasoning: Maiden total Inferred resource for gold, reported within the antimony sub-domain, representing a large gold endowment with significant future potential.

- Positive factor: Maiden Inferred resource for gold within antimony sub-domain

- Positive factor: Large gold ounces, indicating significant potential

- Negative factor: Lower confidence category

Evidence · table

> 0.23

Context: 26.9

#### 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

**PEA-Supporting**

Polarity: neutral

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

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

**PFS-Supporting**

Polarity: neutral

Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&amp;I component.

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

### inferred

[Link to this fact](https://atlas-extractions.minestarters.com/news/nevgold-announces-mineral-resource-antimony-of-29-600-tonnes-measured-indicated--758ef3ef-5655-4878-84d9-bb3acf576fd7#fact-resource-facts-53)

Limo Butte · silver

#### Identity

- Project: Limo Butte
- Commodity: silver
- Region: usa\_nv
- Reported Region: Nevada
- Ticker: NAU

#### Resource scope

- Estimate type: resource
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: Greg Mosher
- Resource group id: resource:58cfcb33730376b92117
- Mining method: open\_pit

#### Resource Data

- Category: inferred
- Tonnes: 26900000
- Grade: 0.57
- Grade Unit: g/t
- Contained Metal: 493840
- Contained Unit: oz
- Cutoff Grade: 0.1
- Cutoff Unit: % Sb

#### Prior Estimate

- Resource Date: 2026-07-15

#### Metal Equivalent

- Assumptions Disclosed: Yes

#### Lab

- Laboratory: American Assay Labs, Reno

#### Location

- Loc. Confidence: medium

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-07-15T00:00:00.000Z

Reasoning: Maiden total Inferred resource for silver, reported within the antimony sub-domain, indicating large byproduct potential for the project.

- Positive factor: Maiden Inferred resource for silver within antimony sub-domain

- Positive factor: Large byproduct potential

- Negative factor: Lower confidence category

Evidence · table

> 0.57

Context: 26.9

#### 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

**PEA-Supporting**

Polarity: neutral

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

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

**PFS-Supporting**

Polarity: neutral

Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&amp;I component.

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

### inferred

[Link to this fact](https://atlas-extractions.minestarters.com/news/nevgold-announces-mineral-resource-antimony-of-29-600-tonnes-measured-indicated--758ef3ef-5655-4878-84d9-bb3acf576fd7#fact-resource-facts-54)

Limo Butte · antimony

#### Identity

- Project: Limo Butte
- Commodity: antimony
- Region: usa\_nv
- Reported Region: Nevada
- Ticker: NAU

#### Resource scope

- Estimate type: resource
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: Greg Mosher
- Resource group id: resource:58cfcb33730376b92117
- Mining method: open\_pit

#### Resource Data

- Category: inferred
- Tonnes: 26900000
- Grade: 0.18
- Grade Unit: %
- Contained Metal: 48100
- Contained Unit: t
- Cutoff Grade: 0.1
- Cutoff Unit: % Sb

#### Prior Estimate

- Resource Date: 2026-07-15

#### Metal Equivalent

- Assumptions Disclosed: Yes

#### Lab

- Laboratory: American Assay Labs, Reno

#### Location

- Loc. Confidence: medium

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-07-15T00:00:00.000Z

Reasoning: Maiden total Inferred resource for antimony, reported within the antimony sub-domain, representing a large strategic antimony endowment with significant future potential.

- Positive factor: Maiden Inferred resource for strategic antimony within antimony sub-domain

- Positive factor: Large antimony tonnes, indicating significant potential

- Negative factor: Lower confidence category

Evidence · table

> 0.18%

Context: 26.9

#### 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

**PEA-Supporting**

Polarity: neutral

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

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

**PFS-Supporting**

Polarity: neutral

Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&amp;I component.

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

### indicated

[Link to this fact](https://atlas-extractions.minestarters.com/news/nevgold-announces-mineral-resource-antimony-of-29-600-tonnes-measured-indicated--758ef3ef-5655-4878-84d9-bb3acf576fd7#fact-resource-facts-55)

Limo Butte · gold

#### Identity

- Project: Limo Butte
- Commodity: gold
- Region: usa\_nv
- Reported Region: Nevada
- Ticker: NAU

#### Resource scope

- Estimate type: resource
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: Greg Mosher
- Resource group id: resource:348d67635810fe9c8f90
- Mining method: open\_pit

#### Resource Data

- Category: indicated
- Tonnes: 8900000
- Grade: 0.51
- Grade Unit: g/t
- Contained Metal: 144200
- Contained Unit: oz
- Cutoff Grade: 0.6
- Cutoff Unit: g/t AuEq.

#### Prior Estimate

- Resource Date: 2026-07-15

#### Metal Equivalent

- Assumptions Disclosed: Yes

#### Lab

- Laboratory: American Assay Labs, Reno

#### Location

- Loc. Confidence: medium

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-07-15T00:00:00.000Z

Reasoning: Maiden Measured &amp; Indicated resource for gold at a higher cut-off grade, showing improved gold grade for a smaller tonnage.

- Positive factor: Maiden Measured &amp; Indicated resource for gold at higher cut-off

- Positive factor: Higher gold grade

Evidence · table

> 0.51

Context: 8.9

#### Tags used in scoring

**Indicated Resource**

Polarity: positive

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

Why it applies: category is "indicated"

**Cut-off Disclosed**

Polarity: positive

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

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

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

Why it applies: qp\_signed is true

**NI 43-101 Compliant**

Polarity: positive

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

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

**PEA-Supporting**

Polarity: neutral

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

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

**PFS-Supporting**

Polarity: neutral

Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&amp;I component.

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

### indicated

[Link to this fact](https://atlas-extractions.minestarters.com/news/nevgold-announces-mineral-resource-antimony-of-29-600-tonnes-measured-indicated--758ef3ef-5655-4878-84d9-bb3acf576fd7#fact-resource-facts-56)

Limo Butte · silver

#### Identity

- Project: Limo Butte
- Commodity: silver
- Region: usa\_nv
- Reported Region: Nevada
- Ticker: NAU

#### Resource scope

- Estimate type: resource
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: Greg Mosher
- Resource group id: resource:348d67635810fe9c8f90
- Mining method: open\_pit

#### Resource Data

- Category: indicated
- Tonnes: 8900000
- Grade: 1.41
- Grade Unit: g/t
- Contained Metal: 400000
- Contained Unit: oz
- Cutoff Grade: 0.6
- Cutoff Unit: g/t AuEq.

#### Prior Estimate

- Resource Date: 2026-07-15

#### Metal Equivalent

- Assumptions Disclosed: Yes

#### Lab

- Laboratory: American Assay Labs, Reno

#### Location

- Loc. Confidence: medium

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-07-15T00:00:00.000Z

Reasoning: Maiden Measured &amp; Indicated resource for silver at a higher cut-off grade, showing improved silver grade for a smaller tonnage.

- Positive factor: Maiden Measured &amp; Indicated resource for silver at higher cut-off

- Positive factor: Higher silver grade

Evidence · table

> 1.41

Context: 8.9

#### Tags used in scoring

**Indicated Resource**

Polarity: positive

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

Why it applies: category is "indicated"

**Cut-off Disclosed**

Polarity: positive

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

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

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

Why it applies: qp\_signed is true

**NI 43-101 Compliant**

Polarity: positive

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

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

**PEA-Supporting**

Polarity: neutral

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

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

**PFS-Supporting**

Polarity: neutral

Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&amp;I component.

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

### indicated

[Link to this fact](https://atlas-extractions.minestarters.com/news/nevgold-announces-mineral-resource-antimony-of-29-600-tonnes-measured-indicated--758ef3ef-5655-4878-84d9-bb3acf576fd7#fact-resource-facts-57)

Limo Butte · antimony

#### Identity

- Project: Limo Butte
- Commodity: antimony
- Region: usa\_nv
- Reported Region: Nevada
- Ticker: NAU

#### Resource scope

- Estimate type: resource
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: Greg Mosher
- Resource group id: resource:348d67635810fe9c8f90
- Mining method: open\_pit

#### Resource Data

- Category: indicated
- Tonnes: 8900000
- Grade: 0.28
- Grade Unit: %
- Contained Metal: 25100
- Contained Unit: t
- Cutoff Grade: 0.6
- Cutoff Unit: g/t AuEq.

#### Prior Estimate

- Resource Date: 2026-07-15

#### Metal Equivalent

- Assumptions Disclosed: Yes

#### Lab

- Laboratory: American Assay Labs, Reno

#### Location

- Loc. Confidence: medium

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-07-15T00:00:00.000Z

Reasoning: Maiden Measured &amp; Indicated resource for antimony at a higher cut-off grade, showing improved antimony grade for a smaller tonnage.

- Positive factor: Maiden Measured &amp; Indicated resource for strategic antimony at higher cut-off

- Positive factor: Higher antimony grade

Evidence · table

> 0.28%

Context: 8.9

#### Tags used in scoring

**Indicated Resource**

Polarity: positive

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

Why it applies: category is "indicated"

**Cut-off Disclosed**

Polarity: positive

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

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

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

Why it applies: qp\_signed is true

**NI 43-101 Compliant**

Polarity: positive

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

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

**PEA-Supporting**

Polarity: neutral

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

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

**PFS-Supporting**

Polarity: neutral

Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&amp;I component.

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

### inferred

[Link to this fact](https://atlas-extractions.minestarters.com/news/nevgold-announces-mineral-resource-antimony-of-29-600-tonnes-measured-indicated--758ef3ef-5655-4878-84d9-bb3acf576fd7#fact-resource-facts-58)

Limo Butte · gold

#### Identity

- Project: Limo Butte
- Commodity: gold
- Region: usa\_nv
- Reported Region: Nevada
- Ticker: NAU

#### Resource scope

- Estimate type: resource
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: Greg Mosher
- Resource group id: resource:f0414df01b6e8ad01802
- Mining method: open\_pit

#### Resource Data

- Category: inferred
- Tonnes: 51800000
- Grade: 0.41
- Grade Unit: g/t
- Contained Metal: 690700
- Contained Unit: oz
- Cutoff Grade: 0.6
- Cutoff Unit: g/t AuEq.

#### Prior Estimate

- Resource Date: 2026-07-15

#### Metal Equivalent

- Assumptions Disclosed: Yes

#### Lab

- Laboratory: American Assay Labs, Reno

#### Location

- Loc. Confidence: medium

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-07-15T00:00:00.000Z

Reasoning: Maiden Inferred resource for gold at a higher cut-off grade, showing improved gold grade for a smaller tonnage.

- Positive factor: Maiden Inferred resource for gold at higher cut-off

- Positive factor: Higher gold grade

- Negative factor: Lower confidence category

Evidence · table

> 0.41

Context: 51.8

#### Tags used in scoring

**Inferred Resource**

Polarity: negative

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

Why it applies: category is "inferred"

**Cut-off 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

**PEA-Supporting**

Polarity: neutral

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

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

**PFS-Supporting**

Polarity: neutral

Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&amp;I component.

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

### inferred

[Link to this fact](https://atlas-extractions.minestarters.com/news/nevgold-announces-mineral-resource-antimony-of-29-600-tonnes-measured-indicated--758ef3ef-5655-4878-84d9-bb3acf576fd7#fact-resource-facts-59)

Limo Butte · silver

#### Identity

- Project: Limo Butte
- Commodity: silver
- Region: usa\_nv
- Reported Region: Nevada
- Ticker: NAU

#### Resource scope

- Estimate type: resource
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: Greg Mosher
- Resource group id: resource:f0414df01b6e8ad01802
- Mining method: open\_pit

#### Resource Data

- Category: inferred
- Tonnes: 51800000
- Grade: 1.08
- Grade Unit: g/t
- Contained Metal: 700220
- Contained Unit: oz
- Cutoff Grade: 0.6
- Cutoff Unit: g/t AuEq.

#### Prior Estimate

- Resource Date: 2026-07-15

#### Metal Equivalent

- Assumptions Disclosed: Yes

#### Lab

- Laboratory: American Assay Labs, Reno

#### Location

- Loc. Confidence: medium

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-07-15T00:00:00.000Z

Reasoning: Maiden Inferred resource for silver at a higher cut-off grade, showing improved silver grade for a smaller tonnage.

- Positive factor: Maiden Inferred resource for silver at higher cut-off

- Positive factor: Higher silver grade

- Negative factor: Lower confidence category

Evidence · table

> 1.08

Context: 51.8

#### Tags used in scoring

**Inferred Resource**

Polarity: negative

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

Why it applies: category is "inferred"

**Cut-off 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

**PEA-Supporting**

Polarity: neutral

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

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

**PFS-Supporting**

Polarity: neutral

Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&amp;I component.

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

### inferred

[Link to this fact](https://atlas-extractions.minestarters.com/news/nevgold-announces-mineral-resource-antimony-of-29-600-tonnes-measured-indicated--758ef3ef-5655-4878-84d9-bb3acf576fd7#fact-resource-facts-60)

Limo Butte · antimony

#### Identity

- Project: Limo Butte
- Commodity: antimony
- Region: usa\_nv
- Reported Region: Nevada
- Ticker: NAU

#### Resource scope

- Estimate type: resource
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: Greg Mosher
- Resource group id: resource:f0414df01b6e8ad01802
- Mining method: open\_pit

#### Resource Data

- Category: inferred
- Tonnes: 51800000
- Grade: 0.14
- Grade Unit: %
- Contained Metal: 28600
- Contained Unit: t
- Cutoff Grade: 0.6
- Cutoff Unit: g/t AuEq.

#### Prior Estimate

- Resource Date: 2026-07-15

#### Metal Equivalent

- Assumptions Disclosed: Yes

#### Lab

- Laboratory: American Assay Labs, Reno

#### Location

- Loc. Confidence: medium

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-07-15T00:00:00.000Z

Reasoning: Maiden Inferred resource for antimony at a higher cut-off grade, showing improved antimony grade for a smaller tonnage.

- Positive factor: Maiden Inferred resource for strategic antimony at higher cut-off

- Positive factor: Higher antimony grade

- Negative factor: Lower confidence category

Evidence · table

> 0.14%

Context: 51.8

#### Tags used in scoring

**Inferred Resource**

Polarity: negative

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

Why it applies: category is "inferred"

**Cut-off 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

**PEA-Supporting**

Polarity: neutral

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

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

**PFS-Supporting**

Polarity: neutral

Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&amp;I component.

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

### indicated

[Link to this fact](https://atlas-extractions.minestarters.com/news/nevgold-announces-mineral-resource-antimony-of-29-600-tonnes-measured-indicated--758ef3ef-5655-4878-84d9-bb3acf576fd7#fact-resource-facts-61)

Limo Butte · gold

#### Identity

- Project: Limo Butte
- Commodity: gold
- Region: usa\_nv
- Reported Region: Nevada
- Ticker: NAU

#### Resource scope

- Estimate type: resource
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: Greg Mosher
- Resource group id: resource:393a1737a0c0da836fbc
- Mining method: open\_pit

#### Resource Data

- Category: indicated
- Tonnes: 11300000
- Grade: 0.44
- Grade Unit: g/t
- Contained Metal: 160600
- Contained Unit: oz
- Cutoff Grade: 0.45
- Cutoff Unit: g/t AuEq.

#### Prior Estimate

- Resource Date: 2026-07-15

#### Metal Equivalent

- Assumptions Disclosed: Yes

#### Lab

- Laboratory: American Assay Labs, Reno

#### Location

- Loc. Confidence: medium

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-07-15T00:00:00.000Z

Reasoning: Maiden Measured &amp; Indicated resource for gold at an intermediate cut-off grade, showing good gold grade for a moderate tonnage.

- Positive factor: Maiden Measured &amp; Indicated resource for gold at intermediate cut-off

- Positive factor: Good gold grade

Evidence · table

> 0.44

Context: 11.3

#### Tags used in scoring

**Indicated Resource**

Polarity: positive

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

Why it applies: category is "indicated"

**Cut-off Disclosed**

Polarity: positive

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

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

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

Why it applies: qp\_signed is true

**NI 43-101 Compliant**

Polarity: positive

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

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

**PEA-Supporting**

Polarity: neutral

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

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

**PFS-Supporting**

Polarity: neutral

Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&amp;I component.

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

### indicated

[Link to this fact](https://atlas-extractions.minestarters.com/news/nevgold-announces-mineral-resource-antimony-of-29-600-tonnes-measured-indicated--758ef3ef-5655-4878-84d9-bb3acf576fd7#fact-resource-facts-62)

Limo Butte · silver

#### Identity

- Project: Limo Butte
- Commodity: silver
- Region: usa\_nv
- Reported Region: Nevada
- Ticker: NAU

#### Resource scope

- Estimate type: resource
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: Greg Mosher
- Resource group id: resource:393a1737a0c0da836fbc
- Mining method: open\_pit

#### Resource Data

- Category: indicated
- Tonnes: 11300000
- Grade: 1.28
- Grade Unit: g/t
- Contained Metal: 463100
- Contained Unit: oz
- Cutoff Grade: 0.45
- Cutoff Unit: g/t AuEq.

#### Prior Estimate

- Resource Date: 2026-07-15

#### Metal Equivalent

- Assumptions Disclosed: Yes

#### Lab

- Laboratory: American Assay Labs, Reno

#### Location

- Loc. Confidence: medium

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-07-15T00:00:00.000Z

Reasoning: Maiden Measured &amp; Indicated resource for silver at an intermediate cut-off grade, showing good silver grade for a moderate tonnage.

- Positive factor: Maiden Measured &amp; Indicated resource for silver at intermediate cut-off

- Positive factor: Good silver grade

Evidence · table

> 1.28

Context: 11.3

#### Tags used in scoring

**Indicated Resource**

Polarity: positive

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

Why it applies: category is "indicated"

**Cut-off Disclosed**

Polarity: positive

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

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

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

Why it applies: qp\_signed is true

**NI 43-101 Compliant**

Polarity: positive

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

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

**PEA-Supporting**

Polarity: neutral

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

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

**PFS-Supporting**

Polarity: neutral

Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&amp;I component.

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

### indicated

[Link to this fact](https://atlas-extractions.minestarters.com/news/nevgold-announces-mineral-resource-antimony-of-29-600-tonnes-measured-indicated--758ef3ef-5655-4878-84d9-bb3acf576fd7#fact-resource-facts-63)

Limo Butte · antimony

#### Identity

- Project: Limo Butte
- Commodity: antimony
- Region: usa\_nv
- Reported Region: Nevada
- Ticker: NAU

#### Resource scope

- Estimate type: resource
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: Greg Mosher
- Resource group id: resource:393a1737a0c0da836fbc
- Mining method: open\_pit

#### Resource Data

- Category: indicated
- Tonnes: 11300000
- Grade: 0.25
- Grade Unit: %
- Contained Metal: 28400
- Contained Unit: t
- Cutoff Grade: 0.45
- Cutoff Unit: g/t AuEq.

#### Prior Estimate

- Resource Date: 2026-07-15

#### Metal Equivalent

- Assumptions Disclosed: Yes

#### Lab

- Laboratory: American Assay Labs, Reno

#### Location

- Loc. Confidence: medium

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-07-15T00:00:00.000Z

Reasoning: Maiden Measured &amp; Indicated resource for antimony at an intermediate cut-off grade, showing good antimony grade for a moderate tonnage.

- Positive factor: Maiden Measured &amp; Indicated resource for strategic antimony at intermediate cut-off

- Positive factor: Good antimony grade

Evidence · table

> 0.25%

Context: 11.3

#### Tags used in scoring

**Indicated Resource**

Polarity: positive

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

Why it applies: category is "indicated"

**Cut-off Disclosed**

Polarity: positive

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

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

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

Why it applies: qp\_signed is true

**NI 43-101 Compliant**

Polarity: positive

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

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

**PEA-Supporting**

Polarity: neutral

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

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

**PFS-Supporting**

Polarity: neutral

Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&amp;I component.

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

### inferred

[Link to this fact](https://atlas-extractions.minestarters.com/news/nevgold-announces-mineral-resource-antimony-of-29-600-tonnes-measured-indicated--758ef3ef-5655-4878-84d9-bb3acf576fd7#fact-resource-facts-64)

Limo Butte · gold

#### Identity

- Project: Limo Butte
- Commodity: gold
- Region: usa\_nv
- Reported Region: Nevada
- Ticker: NAU

#### Resource scope

- Estimate type: resource
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: Greg Mosher
- Resource group id: resource:35b42a2b922543fa8306
- Mining method: open\_pit

#### Resource Data

- Category: inferred
- Tonnes: 70300000
- Grade: 0.38
- Grade Unit: g/t
- Contained Metal: 868000
- Contained Unit: oz
- Cutoff Grade: 0.45
- Cutoff Unit: g/t AuEq.

#### Prior Estimate

- Resource Date: 2026-07-15

#### Metal Equivalent

- Assumptions Disclosed: Yes

#### Lab

- Laboratory: American Assay Labs, Reno

#### Location

- Loc. Confidence: medium

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-07-15T00:00:00.000Z

Reasoning: Maiden Inferred resource for gold at an intermediate cut-off grade, showing good gold grade for a large tonnage.

- Positive factor: Maiden Inferred resource for gold at intermediate cut-off

- Positive factor: Good gold grade

- Negative factor: Lower confidence category

Evidence · table

> 0.38

Context: 70.3

#### 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

**PEA-Supporting**

Polarity: neutral

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

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

**PFS-Supporting**

Polarity: neutral

Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&amp;I component.

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

### inferred

[Link to this fact](https://atlas-extractions.minestarters.com/news/nevgold-announces-mineral-resource-antimony-of-29-600-tonnes-measured-indicated--758ef3ef-5655-4878-84d9-bb3acf576fd7#fact-resource-facts-65)

Limo Butte · silver

#### Identity

- Project: Limo Butte
- Commodity: silver
- Region: usa\_nv
- Reported Region: Nevada
- Ticker: NAU

#### Resource scope

- Estimate type: resource
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: Greg Mosher
- Resource group id: resource:35b42a2b922543fa8306
- Mining method: open\_pit

#### Resource Data

- Category: inferred
- Tonnes: 70300000
- Grade: 0.83
- Grade Unit: g/t
- Contained Metal: 1036340
- Contained Unit: oz
- Cutoff Grade: 0.45
- Cutoff Unit: g/t AuEq.

#### Prior Estimate

- Resource Date: 2026-07-15

#### Metal Equivalent

- Assumptions Disclosed: Yes

#### Lab

- Laboratory: American Assay Labs, Reno

#### Location

- Loc. Confidence: medium

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-07-15T00:00:00.000Z

Reasoning: Maiden Inferred resource for silver at an intermediate cut-off grade, showing good silver grade for a large tonnage.

- Positive factor: Maiden Inferred resource for silver at intermediate cut-off

- Positive factor: Good silver grade

- Negative factor: Lower confidence category

Evidence · table

> 0.83

Context: 70.3

#### 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

**PEA-Supporting**

Polarity: neutral

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

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

**PFS-Supporting**

Polarity: neutral

Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&amp;I component.

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

### inferred

[Link to this fact](https://atlas-extractions.minestarters.com/news/nevgold-announces-mineral-resource-antimony-of-29-600-tonnes-measured-indicated--758ef3ef-5655-4878-84d9-bb3acf576fd7#fact-resource-facts-66)

Limo Butte · antimony

#### Identity

- Project: Limo Butte
- Commodity: antimony
- Region: usa\_nv
- Reported Region: Nevada
- Ticker: NAU

#### Resource scope

- Estimate type: resource
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: Greg Mosher
- Resource group id: resource:35b42a2b922543fa8306
- Mining method: open\_pit

#### Resource Data

- Category: inferred
- Tonnes: 70300000
- Grade: 0.12
- Grade Unit: %
- Contained Metal: 46000
- Contained Unit: t
- Cutoff Grade: 0.45
- Cutoff Unit: g/t AuEq.

#### Prior Estimate

- Resource Date: 2026-07-15

#### Metal Equivalent

- Assumptions Disclosed: Yes

#### Lab

- Laboratory: American Assay Labs, Reno

#### Location

- Loc. Confidence: medium

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-07-15T00:00:00.000Z

Reasoning: Maiden Inferred resource for antimony at an intermediate cut-off grade, showing good antimony grade for a large tonnage.

- Positive factor: Maiden Inferred resource for strategic antimony at intermediate cut-off

- Positive factor: Good antimony grade

- Negative factor: Lower confidence category

Evidence · table

> 0.12%

Context: 70.3

#### 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

**PEA-Supporting**

Polarity: neutral

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

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

**PFS-Supporting**

Polarity: neutral

Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&amp;I component.

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

### indicated

[Link to this fact](https://atlas-extractions.minestarters.com/news/nevgold-announces-mineral-resource-antimony-of-29-600-tonnes-measured-indicated--758ef3ef-5655-4878-84d9-bb3acf576fd7#fact-resource-facts-67)

Limo Butte · gold

#### Identity

- Project: Limo Butte
- Commodity: gold
- Region: usa\_nv
- Reported Region: Nevada
- Ticker: NAU

#### Resource scope

- Estimate type: resource
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: Greg Mosher
- Resource group id: resource:6f44f7dfbc37ec4b34e1
- Mining method: open\_pit

#### Resource Data

- Category: indicated
- Tonnes: 23100000
- Grade: 0.28
- Grade Unit: g/t
- Contained Metal: 204900
- Contained Unit: oz
- Cutoff Grade: 0.15
- Cutoff Unit: g/t AuEq.

#### Prior Estimate

- Resource Date: 2026-07-15

#### Metal Equivalent

- Assumptions Disclosed: Yes

#### Lab

- Laboratory: American Assay Labs, Reno

#### Location

- Loc. Confidence: medium

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-07-15T00:00:00.000Z

Reasoning: Maiden Measured &amp; Indicated resource for gold at a lower cut-off grade, showing increased tonnage with a lower gold grade.

- Positive factor: Maiden Measured &amp; Indicated resource for gold at lower cut-off

- Positive factor: Increased tonnage

Evidence · table

> 0.28

Context: 23.1

#### Tags used in scoring

**Indicated Resource**

Polarity: positive

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

Why it applies: category is "indicated"

**Cut-off 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

**PEA-Supporting**

Polarity: neutral

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

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

**PFS-Supporting**

Polarity: neutral

Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&amp;I component.

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

### indicated

[Link to this fact](https://atlas-extractions.minestarters.com/news/nevgold-announces-mineral-resource-antimony-of-29-600-tonnes-measured-indicated--758ef3ef-5655-4878-84d9-bb3acf576fd7#fact-resource-facts-68)

Limo Butte · silver

#### Identity

- Project: Limo Butte
- Commodity: silver
- Region: usa\_nv
- Reported Region: Nevada
- Ticker: NAU

#### Resource scope

- Estimate type: resource
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: Greg Mosher
- Resource group id: resource:6f44f7dfbc37ec4b34e1
- Mining method: open\_pit

#### Resource Data

- Category: indicated
- Tonnes: 23100000
- Grade: 0.98
- Grade Unit: g/t
- Contained Metal: 729300
- Contained Unit: oz
- Cutoff Grade: 0.15
- Cutoff Unit: g/t AuEq.

#### Prior Estimate

- Resource Date: 2026-07-15

#### Metal Equivalent

- Assumptions Disclosed: Yes

#### Lab

- Laboratory: American Assay Labs, Reno

#### Location

- Loc. Confidence: medium

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-07-15T00:00:00.000Z

Reasoning: Maiden Measured &amp; Indicated resource for silver at a lower cut-off grade, showing increased tonnage with a lower silver grade.

- Positive factor: Maiden Measured &amp; Indicated resource for silver at lower cut-off

- Positive factor: Increased tonnage

Evidence · table

> 0.98

Context: 23.1

#### Tags used in scoring

**Indicated Resource**

Polarity: positive

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

Why it applies: category is "indicated"

**Cut-off 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

**PEA-Supporting**

Polarity: neutral

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

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

**PFS-Supporting**

Polarity: neutral

Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&amp;I component.

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

### indicated

[Link to this fact](https://atlas-extractions.minestarters.com/news/nevgold-announces-mineral-resource-antimony-of-29-600-tonnes-measured-indicated--758ef3ef-5655-4878-84d9-bb3acf576fd7#fact-resource-facts-69)

Limo Butte · antimony

#### Identity

- Project: Limo Butte
- Commodity: antimony
- Region: usa\_nv
- Reported Region: Nevada
- Ticker: NAU

#### Resource scope

- Estimate type: resource
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: Greg Mosher
- Resource group id: resource:6f44f7dfbc37ec4b34e1
- Mining method: open\_pit

#### Resource Data

- Category: indicated
- Tonnes: 23100000
- Grade: 0.16
- Grade Unit: %
- Contained Metal: 36100
- Contained Unit: t
- Cutoff Grade: 0.15
- Cutoff Unit: g/t AuEq.

#### Prior Estimate

- Resource Date: 2026-07-15

#### Metal Equivalent

- Assumptions Disclosed: Yes

#### Lab

- Laboratory: American Assay Labs, Reno

#### Location

- Loc. Confidence: medium

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-07-15T00:00:00.000Z

Reasoning: Maiden Measured &amp; Indicated resource for antimony at a lower cut-off grade, showing increased tonnage with a lower antimony grade.

- Positive factor: Maiden Measured &amp; Indicated resource for strategic antimony at lower cut-off

- Positive factor: Increased tonnage

Evidence · table

> 0.16%

Context: 23.1

#### Tags used in scoring

**Indicated Resource**

Polarity: positive

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

Why it applies: category is "indicated"

**Cut-off 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

**PEA-Supporting**

Polarity: neutral

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

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

**PFS-Supporting**

Polarity: neutral

Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&amp;I component.

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

### inferred

[Link to this fact](https://atlas-extractions.minestarters.com/news/nevgold-announces-mineral-resource-antimony-of-29-600-tonnes-measured-indicated--758ef3ef-5655-4878-84d9-bb3acf576fd7#fact-resource-facts-70)

Limo Butte · gold

#### Identity

- Project: Limo Butte
- Commodity: gold
- Region: usa\_nv
- Reported Region: Nevada
- Ticker: NAU

#### Resource scope

- Estimate type: resource
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: Greg Mosher
- Resource group id: resource:8e0fcaf4186f8685686f
- Mining method: open\_pit

#### Resource Data

- Category: inferred
- Tonnes: 221900000
- Grade: 0.23
- Grade Unit: g/t
- Contained Metal: 1628900
- Contained Unit: oz
- Cutoff Grade: 0.15
- Cutoff Unit: g/t AuEq.

#### Prior Estimate

- Resource Date: 2026-07-15

#### Metal Equivalent

- Assumptions Disclosed: Yes

#### Lab

- Laboratory: American Assay Labs, Reno

#### Location

- Loc. Confidence: medium

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-07-15T00:00:00.000Z

Reasoning: Maiden Inferred resource for gold at a lower cut-off grade, showing significantly increased tonnage and contained ounces, albeit with a lower grade.

- Positive factor: Maiden Inferred resource for gold at lower cut-off

- Positive factor: Significantly increased tonnage and contained ounces

- Negative factor: Lower confidence category

Evidence · table

> 0.23

Context: 221.9

#### 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

**PEA-Supporting**

Polarity: neutral

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

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

**PFS-Supporting**

Polarity: neutral

Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&amp;I component.

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

### inferred

[Link to this fact](https://atlas-extractions.minestarters.com/news/nevgold-announces-mineral-resource-antimony-of-29-600-tonnes-measured-indicated--758ef3ef-5655-4878-84d9-bb3acf576fd7#fact-resource-facts-71)

Limo Butte · silver

#### Identity

- Project: Limo Butte
- Commodity: silver
- Region: usa\_nv
- Reported Region: Nevada
- Ticker: NAU

#### Resource scope

- Estimate type: resource
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: Greg Mosher
- Resource group id: resource:8e0fcaf4186f8685686f
- Mining method: open\_pit

#### Resource Data

- Category: inferred
- Tonnes: 221900000
- Grade: 0.49
- Grade Unit: g/t
- Contained Metal: 2997940
- Contained Unit: oz
- Cutoff Grade: 0.15
- Cutoff Unit: g/t AuEq.

#### Prior Estimate

- Resource Date: 2026-07-15

#### Metal Equivalent

- Assumptions Disclosed: Yes

#### Lab

- Laboratory: American Assay Labs, Reno

#### Location

- Loc. Confidence: medium

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-07-15T00:00:00.000Z

Reasoning: Maiden Inferred resource for silver at a lower cut-off grade, showing significantly increased tonnage and contained ounces, albeit with a lower grade.

- Positive factor: Maiden Inferred resource for silver at lower cut-off

- Positive factor: Significantly increased tonnage and contained ounces

- Negative factor: Lower confidence category

Evidence · table

> 0.49

Context: 221.9

#### 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

**PEA-Supporting**

Polarity: neutral

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

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

**PFS-Supporting**

Polarity: neutral

Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&amp;I component.

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

### inferred

[Link to this fact](https://atlas-extractions.minestarters.com/news/nevgold-announces-mineral-resource-antimony-of-29-600-tonnes-measured-indicated--758ef3ef-5655-4878-84d9-bb3acf576fd7#fact-resource-facts-72)

Limo Butte · antimony

#### Identity

- Project: Limo Butte
- Commodity: antimony
- Region: usa\_nv
- Reported Region: Nevada
- Ticker: NAU

#### Resource scope

- Estimate type: resource
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: Greg Mosher
- Resource group id: resource:8e0fcaf4186f8685686f
- Mining method: open\_pit

#### Resource Data

- Category: inferred
- Tonnes: 221900000
- Grade: 0.06
- Grade Unit: %
- Contained Metal: 114000
- Contained Unit: t
- Cutoff Grade: 0.15
- Cutoff Unit: g/t AuEq.

#### Prior Estimate

- Resource Date: 2026-07-15

#### Metal Equivalent

- Assumptions Disclosed: Yes

#### Lab

- Laboratory: American Assay Labs, Reno

#### Location

- Loc. Confidence: medium

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-07-15T00:00:00.000Z

Reasoning: Maiden Inferred resource for antimony at a lower cut-off grade, showing significantly increased tonnage and contained tonnes, albeit with a lower grade.

- Positive factor: Maiden Inferred resource for strategic antimony at lower cut-off

- Positive factor: Significantly increased tonnage and contained tonnes

- Negative factor: Lower confidence category

Evidence · table

> 0.06%

Context: 221.9

#### 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

**PEA-Supporting**

Polarity: neutral

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

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

**PFS-Supporting**

Polarity: neutral

Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&amp;I component.

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

## How Atlas produces this analysis

Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.
