Nevgold Files NI 43-101 Technical Report For Mineral Resource Estimate on the Limousine Butte Gold-Antimony Project, Nevada

Original announcement by globenewswire on

Company
NevGold Corp.
Ticker
NAU
Exchange
Unavailable
Region
Nevada
Primary commodity
Gold
Secondary commodities
Antimony, Silver
Document categories
Resource update
Extracted
2026-09-12 01:31:00 UTC

Analysis by Minestarters Atlas

Minestarters Atlas analysis

Summary

NevGold Corp. has filed an NI 43-101 compliant technical report for its maiden Mineral Resource Estimate on the Limousine Butte gold-antimony project in Nevada. The MRE outlines a large-scale oxide gold-antimony resource, with significant inferred ounces. The company highlights the potential for near-term antimony production from historical leach pads and ongoing drilling to expand the resource.

Reasoning: NevGold Corp. has filed an NI 43-101 compliant technical report for its maiden Mineral Resource Estimate on the Limousine Butte gold-antimony project, establishing a significant resource with potential for expansion and near-term antimony production from historical leach pads.

Positive factors

  • Maiden Resource
  • NI 43-101 Compliant
  • QP/CP Signed
  • Tonnage Growth
  • Contained Metal Growth
  • Cut-off Disclosed
  • Potential for near-term antimony production

Negative factors

  • Significant portion of resource is Inferred

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

Facts used in scoring: 79

Classification and evidence

Maiden Resourceneutral

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 a 'maiden Mineral Resource Estimate' for the Limousine Butte project.

Evidence · text

“maiden Mineral Resource Estimate”

NI 43-101 Compliantpositive

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

Why it applies: The technical report was prepared in accordance with National Instrument 43-101 - Standards of Disclosure for Mineral Projects.

Evidence · text

“prepared by Gregory Z. Mosher, P. Geo., M.Sc. Applied, and Daniel W. Kappes, P.E. in accordance with National Instrument 43-101 - Standards of Disclosure for Mineral Projects (“ NI 43-101 ”)”

QP/CP Signedpositive

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

Why it applies: The technical report was prepared by Gregory Z. Mosher, P. Geo., M.Sc. Applied, and Daniel W. Kappes, P.E., and technical information was reviewed and approved by Greg French, CPG, who is NevGold’s Qualified Person.

Evidence · text

“prepared by Gregory Z. Mosher, P. Geo., M.Sc. Applied, and Daniel W. Kappes, P.E. in accordance with National Instrument 43-101 - Standards of Disclosure for Mineral Projects (“ NI 43-101 ”) and supports the MRE disclosure made by the Company in its news release dated July 15, 2026. A full copy of the Technical Report can be found at SEDAR+ ( www.sedarplus.ca ) under the Company’s issuer profile. There are no material differences between the MRE in the Technical Report and the information previously disclosed in the Company’s news release dated July 15, 2026. NevGold CEO, Brandon Bonifacio, comments: “Our maiden, large-scale, oxide gold-antimony Mineral Resource Estimate was an important first step in delivering on our uniquely positioned opportunity at Limo Butte. We have delivered on one of the largest, most strategic, gold-antimony resources in the United States , and our recently announced first drill results from 2026 have already expanded mineralization from the initial MRE. We have the potential to advance Limo Butte to a near-term antimony production scenario from the already mined material on surface from the historical gold leach pads, while we systematically advance the other deposits with further drilling to add scale and increase grade . We have also made strong progress advancing the next phase of Engineering Studies, which is another key upcoming milestone for the Project. We will continue to build off this initial MRE, as it will be a very active next period as our drill program continues with over 35 holes with assays pending .” Limousine Butte Maiden Mineral Resource Estimate The tables below are extracted from the MRE disclosed in the Technical Report. Table 1 . Limo Butte – Consolidated Mineral Resource Estimate (see notes below) Zone Tonnes (Mt) Gold Grade (g/t) Ounces Gold Silver Grade (g/t) Silver Ounces Sb (%) Sb (t) Measured Leach Pads 1.0 0.31 9,500 2.80 87,000 0.26% 2,600 Indicated Leach Pads 1.2 0.29 11,600 2.43 96,700 0.30% 3,700 Pre-Strip Dump 0.09 0.30 900 0.13 400 0.65% 600 Resurrection 12.9 0.38 159,400 0.91 378,100 0.19% 24,900 Cadillac Valley - - - - - - - Northern Zones 8 - - - - - - - Total M&I 15.2 0.37 181,400 1.15 562,200 0.21% 31,800 Inferred Leach Pads - - - - - - - Pre-Strip Dump 0.05 0.28 400 0.03 40 0.99% 500 Resurrection 28.5 0.29 261,600 0.87 799,100 0.12% 34,600 Cadillac Valley 57.2 0.37 686,500 0.49 895,700 0.07% 40,600 Northern Zones 8 31.7 0.25 255,000 - - - - Total Inferred 117.5 0.32 1,203,500 0.61 1,694,840 0.09% 75,700 Table 2 . Limo Butte: Antimony Sub-Domains within the Consolidated Mineral Resource Estimate (see notes below) Zone Tonnes (Mt) Gold Grade (g/t) Ounces Gold Silver Grade (g/t) Silver Ounces Sb (%) Sb (t) Measured Leach Pads 1.0 0.31 9,500 2.80 87,000 0.26% 2,600 Indicated Leach Pads 1.2 0.29 11,600 2.44 96,700 0.30% 3,700 Pre-Strip Dump 0.09 0.30 900 0.13 400 0.65% 600 Resurrection 9.1 0.37 107,500 0.97 283,500 0.25% 22,700 Cadillac Valley - - - - - - - Northern Zones 8 - - - - - - - Total M&I 11.3 0.36 129,500 1.28 467,600 0.26% 29,600 Inferred Leach Pads - - - - - - - Pre-Strip Dump 0.04 0.28 400 0.03 40 1.02% 500 Resurrection 14.1 0.19 87,300 0.61 275,700 0.20% 27,600 Cadillac Valley 12.7 0.26 108,400 0.53 218,100 0.16% 20,000 Northern Zones 8 - - - - - - - Total Inferred 26.9 0.23 196,100 0.57 493,900 0.18% 48,100 Table 3 . Limo Butte – Cut-Off Sensitivity Table (see notes below) Classification Tonnes (Mt) Gold Grade (g/t) Ounces Gold Silver Grade (g/t) Silver Ounces Sb (%) Sb (t) 0.60 g/t AuEq. cut-off Measured & Indicated 8.9 0.51 144,200 1.41 400,000 0.28% 25,100 Inferred 51.8 0.41 690,700 1.08 700,220 0.14% 28,600 0.45 g/t AuEq. cut-off Measured & Indicated 11.3 0.44 160,600 1.28 463,100 0.25% 28,400 Inferred 70.3 0.38 868,000 0.83 1,036,340 0.12% 46,000 0.30 g/t AuEq. cut-off Measured & Indicated 15.2 0.37 181,400 1.15 562,200 0.21% 31,800 Inferred 117.5 0.32 1,203,500 0.61 1,694,840 0.09% 75,700 0.15 g/t AuEq. cut-off Measured & Indicated 23.1 0.28 204,900 0.98 729,300 0.16% 36,100 Inferred 221.9 0.23 1,628,900 0.49 2,997,940 0.06% 114,000 Notes to Tables above: Effective date of this mineral resource estimate is July 15, 2026. All mineral resources have been estimated in accordance with Canadian Institute of Mining, Metallurgy and Petroleum definitions, as required under NI 43-101 . The Mineral Resource Statement was prepared by Greg Mosher, P. Geo (Global Mineral Resource Services, “ GMRS ”) in accordance with NI 43-101. Ounce (troy) = metric tonnes x grade / 31.10348. All numbers have been rounded to reflect the relative accuracy of the estimate. The quantity and grade of reported Inferred Mineral Resources are uncertain in nature and there has not been sufficient work to define these Inferred Mineral Resources as Indicated or Measured Mineral Resources. It is reasonably expected that many of the Inferred Mineral Resources could be upgraded to Indicated Mineral Resources with continued exploration, however, there is no assurance that further exploration will result in all or any part of the Inferred Mineral Resources being converted into Indicated Mineral Resources. Tonnages and ounces in the tables are rounded to the nearest thousand and hundred, respectively. Numbers may not total due to rounding. There are no known legal, political, environmental, or other risks that could materially affect the development of the mineral resources. 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. for an open-pit mining scenario contemplating recovery of gold and antimony. Cut-off grades are based on a price of US$3,000/oz gold and US$35,000/tonne antimony, and a number of operating cost and recovery assumptions, including a reasonable contingency factor. Metallurgical recoveries of 80% for gold, and 75% for antimony were used. Densities based on lithology were assigned. Mineral Resources for Northern Zones are reported at a cut-off grade of 0.15 g/t Au for an open-pit mining scenario contemplating recovery of gold as there is currently no antimony data for the Northern Zones. Cut-off grade was based on a price of US$3,000/oz gold, and a number of operating cost and recovery assumptions, including a reasonable contingency factor. Metallurgical recoveries of 80% for gold was used. Densities based on lithology were assigned. Antimony mineral resources are reported as a subset of the total mineral resource within the conceptual pit shells used to constrain the total mineral resource in order to demonstrate potential for economic viability, as required under NI 43-101; mineralization outside of these pit shells is not reported as a mineral resource. Mineral resources are not mineral reserves and do not have demonstrated economic viability. There is no guarantee that all or any part of the estimated mineral resources will be converted into mineral reserves. These Mineral Resource estimates include inferred Mineral Resources that are considered too speculative geologically to have economic considerations applied to them that would enable them to be categorized as Mineral Reserves. All figures are rounded to reflect the relative accuracy of the estimate. Notes to Table 2: Open pit antimony subdomain is reported at a cutoff grade 0.1% antimony within the overall 0.30 g/t AuEq. cutoff. These higher-grade antimony zones are reported separately in Table 2 to illustrate the potential for antimony production from the Project and are contained within the overall mineral resource estimate reported in Table 1. Antimony zones are reported only if they lie within the global resource estimate in Table 1. Readers are encouraged to review the Technical Report for detailed information pertaining to the MRE and underlying assumptions, disclaimers and other important information. Technical information contained in this news release has been reviewed and approved by Greg French, CPG, the Company’s Vice President, Exploration, who is NevGold’s Qualified Person under NI 43-101 and responsible for technical matters of this release. ON BEHALF OF THE BOARD “Signed” Brandon Bonifacio, President & CEO For further information, please contact Brandon Bonifacio at bbonifacio@nev-gold.com, call 604-337-4997, or visit our website at www.nev-gold.com . About the Company NevGold is dedicated to discovering, de-risking, and rapidly advancing gold and critical metals projects across premier jurisdictions in Nevada and Idaho to drive shareholder value and strengthen US mineral security. The Company holds a 100% interest in the Limousine Butte (gold-antimony) and Cedar Wash (gold) projects in Nevada, and the Nutmeg Mountain (gold) and Zeus (copper) projects in Idaho. For more information, please visit www.nev-gold.com . Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Cautionary Note Regarding Forward Looking Statements This news release contains forward-looking statements that are based on the Company’s current expectations and estimates. Forward-looking statements are frequently characterized by words such as “plan”, “expect”, “project”, “intend”, “believe”, “anticipate”, “estimate”, “suggest”, “indicate” and other similar words or statements that certain events or conditions “may” or “will” occur. Forward-looking statements include, but are not limited to, statements regarding continued exploration on the Project, upgrading inferred mineral resources to indicated mineral resources, and entering the next phase of Engineering Studies. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that could cause actual events or results to differ materially from estimated or anticipated events or results implied or expressed in such forward-looking statements. Such risks include, but are not limited to, dangers inherent in exploration, development and mining activities; the uncertainty of mineral resource estimates; actual exploration or development plans and costs differing materially from the Company’s estimates; obtaining additional financing from time-to-time to continue operations; compliance with government regulation; stock market volatility that may adversely affect the price of the Company’s securities; the ability to obtain and maintain any necessary permits, consents or authorizations required for mining activities; general economic, market and business conditions, and the ability to obtain all necessary regulatory approvals. There is some risk that the forward-looking statements will not prove to be accurate, that the management’s assumptions may not be correct or that actual results may differ materially from such forward-looking statements. Accordingly, readers should not place undue reliance on the forward-looking statements. Any forward-looking statement speaks only as of the date on which it is made and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events or results or otherwise. Forward-looking statements are not guarantees of future performance and accordingly undue reliance should not be put on such statements due to the inherent uncertainty therein. GlobeNewswire Recommended Reading September 03, 2026 08:01 ET | Source: NevGold Corp. NevGold Appoints Dale Found as CFO, Current CFO Bob McKnight Transitions to VP Engineering Studies To Support Next Project Development Phase Vancouver, British Columbia, Sept. 03, 2026 (GLOBE NEWSWIRE) -- NevGold Corp. (“NevGold” or the “Company”) (TSXV:NAU) (OTCQX:NAUFF) (Frankfurt:5E50) is pleased to announce the appointment of Mr.... Read More August 25, 2026 07:45 ET | Source: NevGold Corp. NevGold Expands Recent Mineral Resource Estimate With First 2026 Drillholes; 1.16% Antimony Over 3.0 Meters Within 1.38 g/t AuEq Over 50.3 Meters (0.31% Antimony and 0.19 g/t Au) From Surface Vancouver, British Columbia, Aug. 25, 2026 (GLOBE NEWSWIRE) -- NevGold Corp. (“NevGold” or the “Company”) (TSXV:NAU) (OTCQX:NAUFF) (Frankfurt:5E50) is pleased to announce assays from the first three... Read More”

Inferred Resourcenegative

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, which is a speculative category with limited geological confidence.

Evidence · text

“The quantity and grade of reported Inferred Mineral Resources are uncertain in nature and there has not been sufficient work to define these Inferred Mineral Resources as Indicated or Measured Mineral Resources.”

Cut-off Disclosedpositive

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

Why it applies: The document clearly states the cut-off grades used for different zones and for the antimony sub-domains, as well as for the cut-off sensitivity table.

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.”

Extracted facts

Stored fact records: 79. Some facts used in scoring do not have a stored record.

Resource Estimates (79)

measuredLimousine Butte · goldTonnes: 1000000Grade: 0.31Grade Unit: g/tContained Metal: 9500Contained Unit: ozView all details
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Identity

Project
Limousine Butte
Commodity
gold
Region
usa_nv
Reported Region
Nevada
Ticker
NAU

Resource scope

Estimate type
resource
Effective date
2026-07-15T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Gregory Z. Mosher, Daniel W. Kappes, Greg French
Resource group id
resource:865d63534b16570cb9cd
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

Review

Needs Review
No
Historical
No

Dates

Event date
2026-08-31T00:00:00.000Z

Reasoning: This is a Measured resource for gold in the Leach Pads zone, part of the maiden MRE, indicating high confidence in this portion of the resource.

Positive factors

  • Maiden Resource
  • Measured Resource
  • QP/CP Signed
  • Cut-off Disclosed

Evidence · table

“0.31”

Context: 1.0

Tags used in scoring

Measured Resourcepositive

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

Why it applies: category is "measured"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

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

Why it applies: reporting_standards includes ni_43_101

measuredLimousine Butte · silverTonnes: 1000000Grade: 2.8Grade Unit: g/tContained Metal: 87000Contained Unit: ozView all details
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Identity

Project
Limousine Butte
Commodity
silver
Region
usa_nv
Reported Region
Nevada
Ticker
NAU

Resource scope

Estimate type
resource
Effective date
2026-07-15T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Gregory Z. Mosher, Daniel W. Kappes, Greg French
Resource group id
resource:865d63534b16570cb9cd
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

Review

Needs Review
No
Historical
No

Dates

Event date
2026-08-31T00:00:00.000Z

Reasoning: This is a Measured resource for silver in the Leach Pads zone, part of the maiden MRE, indicating high confidence in this portion of the resource.

Positive factors

  • Maiden Resource
  • Measured Resource
  • QP/CP Signed
  • Cut-off Disclosed

Evidence · table

“2.80”

Context: 1.0

Tags used in scoring

Measured Resourcepositive

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

Why it applies: category is "measured"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

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

Why it applies: reporting_standards includes ni_43_101

measuredLimousine Butte · antimonyTonnes: 1000000Grade: 0.26Grade Unit: %Contained Metal: 2600Contained Unit: tView all details
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Identity

Project
Limousine Butte
Commodity
antimony
Region
usa_nv
Reported Region
Nevada
Ticker
NAU

Resource scope

Estimate type
resource
Effective date
2026-07-15T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Gregory Z. Mosher, Daniel W. Kappes, Greg French
Resource group id
resource:865d63534b16570cb9cd
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

Review

Needs Review
No
Historical
No

Dates

Event date
2026-08-31T00:00:00.000Z

Reasoning: This is a Measured resource for antimony in the Leach Pads zone, part of the maiden MRE, indicating high confidence in this portion of the resource.

Positive factors

  • Maiden Resource
  • Measured Resource
  • QP/CP Signed
  • Cut-off Disclosed

Evidence · table

“0.26%”

Context: 1.0

Tags used in scoring

Measured Resourcepositive

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

Why it applies: category is "measured"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

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

Why it applies: reporting_standards includes ni_43_101

indicatedLimousine Butte · goldTonnes: 1200000Grade: 0.29Grade Unit: g/tContained Metal: 11600Contained Unit: ozView all details
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Identity

Project
Limousine Butte
Commodity
gold
Region
usa_nv
Reported Region
Nevada
Ticker
NAU

Resource scope

Estimate type
resource
Effective date
2026-07-15T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Gregory Z. Mosher, Daniel W. Kappes, Greg French
Resource group id
resource:8bbae6baf0a8779f3949
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

Review

Needs Review
No
Historical
No

Dates

Event date
2026-08-31T00:00:00.000Z

Reasoning: This is an Indicated resource for gold in the Leach Pads zone, part of the maiden MRE, providing reasonable geological confidence.

Positive factors

  • Maiden Resource
  • Indicated Resource
  • QP/CP Signed
  • Cut-off Disclosed

Evidence · table

“0.29”

Context: 1.2

Tags used in scoring

Indicated Resourcepositive

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

Why it applies: category is "indicated"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

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

Why it applies: reporting_standards includes ni_43_101

indicatedLimousine Butte · silverTonnes: 1200000Grade: 2.43Grade Unit: g/tContained Metal: 96700Contained Unit: ozView all details
Link to this fact

Identity

Project
Limousine Butte
Commodity
silver
Region
usa_nv
Reported Region
Nevada
Ticker
NAU

Resource scope

Estimate type
resource
Effective date
2026-07-15T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Gregory Z. Mosher, Daniel W. Kappes, Greg French
Resource group id
resource:8bbae6baf0a8779f3949
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

Review

Needs Review
No
Historical
No

Dates

Event date
2026-08-31T00:00:00.000Z

Reasoning: This is an Indicated resource for silver in the Leach Pads zone, part of the maiden MRE, providing reasonable geological confidence.

Positive factors

  • Maiden Resource
  • Indicated Resource
  • QP/CP Signed
  • Cut-off Disclosed

Evidence · table

“2.43”

Context: 1.2

Tags used in scoring

Indicated Resourcepositive

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

Why it applies: category is "indicated"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

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

Why it applies: reporting_standards includes ni_43_101

indicatedLimousine Butte · antimonyTonnes: 1200000Grade: 0.3Grade Unit: %Contained Metal: 3700Contained Unit: tView all details
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Identity

Project
Limousine Butte
Commodity
antimony
Region
usa_nv
Reported Region
Nevada
Ticker
NAU

Resource scope

Estimate type
resource
Effective date
2026-07-15T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Gregory Z. Mosher, Daniel W. Kappes, Greg French
Resource group id
resource:8bbae6baf0a8779f3949
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

Review

Needs Review
No
Historical
No

Dates

Event date
2026-08-31T00:00:00.000Z

Reasoning: This is an Indicated resource for antimony in the Leach Pads zone, part of the maiden MRE, providing reasonable geological confidence.

Positive factors

  • Maiden Resource
  • Indicated Resource
  • QP/CP Signed
  • Cut-off Disclosed

Evidence · table

“0.30%”

Context: 1.2

Tags used in scoring

Indicated Resourcepositive

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

Why it applies: category is "indicated"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

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

Why it applies: reporting_standards includes ni_43_101

indicatedLimousine Butte · goldTonnes: 90000Grade: 0.3Grade Unit: g/tContained Metal: 900Contained Unit: ozView all details
Link to this fact

Identity

Project
Limousine Butte
Commodity
gold
Region
usa_nv
Reported Region
Nevada
Ticker
NAU

Resource scope

Estimate type
resource
Effective date
2026-07-15T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Gregory Z. Mosher, Daniel W. Kappes, Greg French
Resource group id
resource:21fbf4e677a434a85a3c
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

Review

Needs Review
No
Historical
No

Dates

Event date
2026-08-31T00:00:00.000Z

Reasoning: This is an Indicated resource for gold in the Pre-Strip Dump zone, part of the maiden MRE, providing reasonable geological confidence.

Positive factors

  • Maiden Resource
  • Indicated Resource
  • QP/CP Signed
  • Cut-off Disclosed

Evidence · table

“0.30”

Context: 0.09

Tags used in scoring

Indicated Resourcepositive

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

Why it applies: category is "indicated"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

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

Why it applies: reporting_standards includes ni_43_101

indicatedLimousine Butte · silverTonnes: 90000Grade: 0.13Grade Unit: g/tContained Metal: 400Contained Unit: ozView all details
Link to this fact

Identity

Project
Limousine Butte
Commodity
silver
Region
usa_nv
Reported Region
Nevada
Ticker
NAU

Resource scope

Estimate type
resource
Effective date
2026-07-15T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Gregory Z. Mosher, Daniel W. Kappes, Greg French
Resource group id
resource:21fbf4e677a434a85a3c
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

Review

Needs Review
No
Historical
No

Dates

Event date
2026-08-31T00:00:00.000Z

Reasoning: This is an Indicated resource for silver in the Pre-Strip Dump zone, part of the maiden MRE, providing reasonable geological confidence.

Positive factors

  • Maiden Resource
  • Indicated Resource
  • QP/CP Signed
  • Cut-off Disclosed

Evidence · table

“0.13”

Context: 0.09

Tags used in scoring

Indicated Resourcepositive

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

Why it applies: category is "indicated"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

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

Why it applies: reporting_standards includes ni_43_101

indicatedLimousine Butte · antimonyTonnes: 90000Grade: 0.65Grade Unit: %Contained Metal: 600Contained Unit: tView all details
Link to this fact

Identity

Project
Limousine Butte
Commodity
antimony
Region
usa_nv
Reported Region
Nevada
Ticker
NAU

Resource scope

Estimate type
resource
Effective date
2026-07-15T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Gregory Z. Mosher, Daniel W. Kappes, Greg French
Resource group id
resource:21fbf4e677a434a85a3c
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

Review

Needs Review
No
Historical
No

Dates

Event date
2026-08-31T00:00:00.000Z

Reasoning: This is an Indicated resource for antimony in the Pre-Strip Dump zone, part of the maiden MRE, providing reasonable geological confidence.

Positive factors

  • Maiden Resource
  • Indicated Resource
  • QP/CP Signed
  • Cut-off Disclosed

Evidence · table

“0.65%”

Context: 0.09

Tags used in scoring

Indicated Resourcepositive

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

Why it applies: category is "indicated"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

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

Why it applies: reporting_standards includes ni_43_101

indicatedLimousine Butte · goldTonnes: 12900000Grade: 0.38Grade Unit: g/tContained Metal: 159400Contained Unit: ozView all details
Link to this fact

Identity

Project
Limousine Butte
Commodity
gold
Region
usa_nv
Reported Region
Nevada
Ticker
NAU

Resource scope

Estimate type
resource
Effective date
2026-07-15T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Gregory Z. Mosher, Daniel W. Kappes, Greg French
Resource group id
resource:c291e5feecd756665177
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

Review

Needs Review
No
Historical
No

Dates

Event date
2026-08-31T00:00:00.000Z

Reasoning: This is a significant Indicated resource for gold in the Resurrection zone, part of the maiden MRE, providing reasonable geological confidence.

Positive factors

  • Maiden Resource
  • Indicated Resource
  • QP/CP Signed
  • Cut-off Disclosed

Evidence · table

“0.38”

Context: 12.9

Tags used in scoring

Indicated Resourcepositive

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

Why it applies: category is "indicated"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

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

Why it applies: reporting_standards includes ni_43_101

indicatedLimousine Butte · silverTonnes: 12900000Grade: 0.91Grade Unit: g/tContained Metal: 378100Contained Unit: ozView all details
Link to this fact

Identity

Project
Limousine Butte
Commodity
silver
Region
usa_nv
Reported Region
Nevada
Ticker
NAU

Resource scope

Estimate type
resource
Effective date
2026-07-15T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Gregory Z. Mosher, Daniel W. Kappes, Greg French
Resource group id
resource:c291e5feecd756665177
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

Review

Needs Review
No
Historical
No

Dates

Event date
2026-08-31T00:00:00.000Z

Reasoning: This is a significant Indicated resource for silver in the Resurrection zone, part of the maiden MRE, providing reasonable geological confidence.

Positive factors

  • Maiden Resource
  • Indicated Resource
  • QP/CP Signed
  • Cut-off Disclosed

Evidence · table

“0.91”

Context: 12.9

Tags used in scoring

Indicated Resourcepositive

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

Why it applies: category is "indicated"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

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

Why it applies: reporting_standards includes ni_43_101

indicatedLimousine Butte · antimonyTonnes: 12900000Grade: 0.19Grade Unit: %Contained Metal: 24900Contained Unit: tView all details
Link to this fact

Identity

Project
Limousine Butte
Commodity
antimony
Region
usa_nv
Reported Region
Nevada
Ticker
NAU

Resource scope

Estimate type
resource
Effective date
2026-07-15T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Gregory Z. Mosher, Daniel W. Kappes, Greg French
Resource group id
resource:c291e5feecd756665177
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

Review

Needs Review
No
Historical
No

Dates

Event date
2026-08-31T00:00:00.000Z

Reasoning: This is a significant Indicated resource for antimony in the Resurrection zone, part of the maiden MRE, providing reasonable geological confidence.

Positive factors

  • Maiden Resource
  • Indicated Resource
  • QP/CP Signed
  • Cut-off Disclosed

Evidence · table

“0.19%”

Context: 12.9

Tags used in scoring

Indicated Resourcepositive

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

Why it applies: category is "indicated"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

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

Why it applies: reporting_standards includes ni_43_101

indicatedLimousine Butte · goldTonnes: 15200000Grade: 0.37Grade Unit: g/tContained Metal: 181400Contained Unit: ozView all details
Link to this fact

Identity

Project
Limousine Butte
Commodity
gold
Region
usa_nv
Reported Region
Nevada
Ticker
NAU

Resource scope

Estimate type
resource
Effective date
2026-07-15T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Gregory Z. Mosher, Daniel W. Kappes, Greg French
Resource group id
resource:4196c0b49cbe03c11deb
Deposit or zone
Total M&I
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

Review

Needs Review
No
Historical
No

Dates

Event date
2026-08-31T00:00:00.000Z

Reasoning: This represents the total Measured and Indicated gold resource, part of the maiden MRE, indicating a substantial high-confidence resource.

Positive factors

  • Maiden Resource
  • Indicated Resource
  • QP/CP Signed
  • Cut-off Disclosed

Evidence · table

“0.37”

Context: 15.2

Tags used in scoring

Indicated Resourcepositive

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

Why it applies: category is "indicated"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

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

Why it applies: reporting_standards includes ni_43_101

indicatedLimousine Butte · silverTonnes: 15200000Grade: 1.15Grade Unit: g/tContained Metal: 562200Contained Unit: ozView all details
Link to this fact

Identity

Project
Limousine Butte
Commodity
silver
Region
usa_nv
Reported Region
Nevada
Ticker
NAU

Resource scope

Estimate type
resource
Effective date
2026-07-15T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Gregory Z. Mosher, Daniel W. Kappes, Greg French
Resource group id
resource:4196c0b49cbe03c11deb
Deposit or zone
Total M&I
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

Review

Needs Review
No
Historical
No

Dates

Event date
2026-08-31T00:00:00.000Z

Reasoning: This represents the total Measured and Indicated silver resource, part of the maiden MRE, indicating a substantial high-confidence resource.

Positive factors

  • Maiden Resource
  • Indicated Resource
  • QP/CP Signed
  • Cut-off Disclosed

Evidence · table

“1.15”

Context: 15.2

Tags used in scoring

Indicated Resourcepositive

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

Why it applies: category is "indicated"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

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

Why it applies: reporting_standards includes ni_43_101

indicatedLimousine Butte · antimonyTonnes: 15200000Grade: 0.21Grade Unit: %Contained Metal: 31800Contained Unit: tView all details
Link to this fact

Identity

Project
Limousine Butte
Commodity
antimony
Region
usa_nv
Reported Region
Nevada
Ticker
NAU

Resource scope

Estimate type
resource
Effective date
2026-07-15T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Gregory Z. Mosher, Daniel W. Kappes, Greg French
Resource group id
resource:4196c0b49cbe03c11deb
Deposit or zone
Total M&I
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

Review

Needs Review
No
Historical
No

Dates

Event date
2026-08-31T00:00:00.000Z

Reasoning: This represents the total Measured and Indicated antimony resource, part of the maiden MRE, indicating a substantial high-confidence resource.

Positive factors

  • Maiden Resource
  • Indicated Resource
  • QP/CP Signed
  • Cut-off Disclosed

Evidence · table

“0.21%”

Context: 15.2

Tags used in scoring

Indicated Resourcepositive

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

Why it applies: category is "indicated"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

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

Why it applies: reporting_standards includes ni_43_101

inferredLimousine Butte · goldTonnes: 50000Grade: 0.28Grade Unit: g/tContained Metal: 400Contained Unit: ozView all details
Link to this fact

Identity

Project
Limousine Butte
Commodity
gold
Region
usa_nv
Reported Region
Nevada
Ticker
NAU

Resource scope

Estimate type
resource
Effective date
2026-07-15T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Gregory Z. Mosher, Daniel W. Kappes, Greg French
Resource group id
resource:234b9809564f2451ebe4
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

Review

Needs Review
No
Historical
No

Dates

Event date
2026-08-31T00:00:00.000Z

Reasoning: This is an Inferred resource for gold in the Pre-Strip Dump zone, part of the maiden MRE, indicating lower confidence.

Positive factors

  • Maiden Resource
  • QP/CP Signed
  • Cut-off Disclosed

Negative factors

  • Inferred Resource

Evidence · table

“0.28”

Context: 0.05

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

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

Why it applies: reporting_standards includes ni_43_101

inferredLimousine Butte · silverTonnes: 50000Grade: 0.03Grade Unit: g/tContained Metal: 40Contained Unit: ozView all details
Link to this fact

Identity

Project
Limousine Butte
Commodity
silver
Region
usa_nv
Reported Region
Nevada
Ticker
NAU

Resource scope

Estimate type
resource
Effective date
2026-07-15T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Gregory Z. Mosher, Daniel W. Kappes, Greg French
Resource group id
resource:234b9809564f2451ebe4
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

Review

Needs Review
No
Historical
No

Dates

Event date
2026-08-31T00:00:00.000Z

Reasoning: This is an Inferred resource for silver in the Pre-Strip Dump zone, part of the maiden MRE, indicating lower confidence.

Positive factors

  • Maiden Resource
  • QP/CP Signed
  • Cut-off Disclosed

Negative factors

  • Inferred Resource

Evidence · table

“0.03”

Context: 0.05

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

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

Why it applies: reporting_standards includes ni_43_101

inferredLimousine Butte · antimonyTonnes: 50000Grade: 0.99Grade Unit: %Contained Metal: 500Contained Unit: tView all details
Link to this fact

Identity

Project
Limousine Butte
Commodity
antimony
Region
usa_nv
Reported Region
Nevada
Ticker
NAU

Resource scope

Estimate type
resource
Effective date
2026-07-15T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Gregory Z. Mosher, Daniel W. Kappes, Greg French
Resource group id
resource:234b9809564f2451ebe4
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

Review

Needs Review
No
Historical
No

Dates

Event date
2026-08-31T00:00:00.000Z

Reasoning: This is an Inferred resource for antimony in the Pre-Strip Dump zone, part of the maiden MRE, indicating lower confidence.

Positive factors

  • Maiden Resource
  • QP/CP Signed
  • Cut-off Disclosed

Negative factors

  • Inferred Resource

Evidence · table

“0.99%”

Context: 0.05

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

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

Why it applies: reporting_standards includes ni_43_101

inferredLimousine Butte · goldTonnes: 28500000Grade: 0.29Grade Unit: g/tContained Metal: 261600Contained Unit: ozView all details
Link to this fact

Identity

Project
Limousine Butte
Commodity
gold
Region
usa_nv
Reported Region
Nevada
Ticker
NAU

Resource scope

Estimate type
resource
Effective date
2026-07-15T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Gregory Z. Mosher, Daniel W. Kappes, Greg French
Resource group id
resource:12c34d41529e7d379b3d
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

Review

Needs Review
No
Historical
No

Dates

Event date
2026-08-31T00:00:00.000Z

Reasoning: This is a significant Inferred resource for gold in the Resurrection zone, part of the maiden MRE, indicating lower confidence.

Positive factors

  • Maiden Resource
  • QP/CP Signed
  • Cut-off Disclosed

Negative factors

  • Inferred Resource

Evidence · table

“0.29”

Context: 28.5

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

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

Why it applies: reporting_standards includes ni_43_101

inferredLimousine Butte · silverTonnes: 28500000Grade: 0.87Grade Unit: g/tContained Metal: 799100Contained Unit: ozView all details
Link to this fact

Identity

Project
Limousine Butte
Commodity
silver
Region
usa_nv
Reported Region
Nevada
Ticker
NAU

Resource scope

Estimate type
resource
Effective date
2026-07-15T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Gregory Z. Mosher, Daniel W. Kappes, Greg French
Resource group id
resource:12c34d41529e7d379b3d
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

Review

Needs Review
No
Historical
No

Dates

Event date
2026-08-31T00:00:00.000Z

Reasoning: This is a significant Inferred resource for silver in the Resurrection zone, part of the maiden MRE, indicating lower confidence.

Positive factors

  • Maiden Resource
  • QP/CP Signed
  • Cut-off Disclosed

Negative factors

  • Inferred Resource

Evidence · table

“0.87”

Context: 28.5

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

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

Why it applies: reporting_standards includes ni_43_101

inferredLimousine Butte · antimonyTonnes: 28500000Grade: 0.12Grade Unit: %Contained Metal: 34600Contained Unit: tView all details
Link to this fact

Identity

Project
Limousine Butte
Commodity
antimony
Region
usa_nv
Reported Region
Nevada
Ticker
NAU

Resource scope

Estimate type
resource
Effective date
2026-07-15T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Gregory Z. Mosher, Daniel W. Kappes, Greg French
Resource group id
resource:12c34d41529e7d379b3d
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

Review

Needs Review
No
Historical
No

Dates

Event date
2026-08-31T00:00:00.000Z

Reasoning: This is a significant Inferred resource for antimony in the Resurrection zone, part of the maiden MRE, indicating lower confidence.

Positive factors

  • Maiden Resource
  • QP/CP Signed
  • Cut-off Disclosed

Negative factors

  • Inferred Resource

Evidence · table

“0.12%”

Context: 28.5

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

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

Why it applies: reporting_standards includes ni_43_101

inferredLimousine Butte · goldTonnes: 57200000Grade: 0.37Grade Unit: g/tContained Metal: 686500Contained Unit: ozView all details
Link to this fact

Identity

Project
Limousine Butte
Commodity
gold
Region
usa_nv
Reported Region
Nevada
Ticker
NAU

Resource scope

Estimate type
resource
Effective date
2026-07-15T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Gregory Z. Mosher, Daniel W. Kappes, Greg French
Resource group id
resource:62d849349850eb706d5d
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

Review

Needs Review
No
Historical
No

Dates

Event date
2026-08-31T00:00:00.000Z

Reasoning: This is a large Inferred resource for gold in the Cadillac Valley zone, part of the maiden MRE, indicating lower confidence.

Positive factors

  • Maiden Resource
  • QP/CP Signed
  • Cut-off Disclosed

Negative factors

  • Inferred Resource

Evidence · table

“0.37”

Context: 57.2

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

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

Why it applies: reporting_standards includes ni_43_101

inferredLimousine Butte · silverTonnes: 57200000Grade: 0.49Grade Unit: g/tContained Metal: 895700Contained Unit: ozView all details
Link to this fact

Identity

Project
Limousine Butte
Commodity
silver
Region
usa_nv
Reported Region
Nevada
Ticker
NAU

Resource scope

Estimate type
resource
Effective date
2026-07-15T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Gregory Z. Mosher, Daniel W. Kappes, Greg French
Resource group id
resource:62d849349850eb706d5d
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

Review

Needs Review
No
Historical
No

Dates

Event date
2026-08-31T00:00:00.000Z

Reasoning: This is a large Inferred resource for silver in the Cadillac Valley zone, part of the maiden MRE, indicating lower confidence.

Positive factors

  • Maiden Resource
  • QP/CP Signed
  • Cut-off Disclosed

Negative factors

  • Inferred Resource

Evidence · table

“0.49”

Context: 57.2

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

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

Why it applies: reporting_standards includes ni_43_101

inferredLimousine Butte · antimonyTonnes: 57200000Grade: 0.07Grade Unit: %Contained Metal: 40600Contained Unit: tView all details
Link to this fact

Identity

Project
Limousine Butte
Commodity
antimony
Region
usa_nv
Reported Region
Nevada
Ticker
NAU

Resource scope

Estimate type
resource
Effective date
2026-07-15T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Gregory Z. Mosher, Daniel W. Kappes, Greg French
Resource group id
resource:62d849349850eb706d5d
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

Review

Needs Review
No
Historical
No

Dates

Event date
2026-08-31T00:00:00.000Z

Reasoning: This is a large Inferred resource for antimony in the Cadillac Valley zone, part of the maiden MRE, indicating lower confidence.

Positive factors

  • Maiden Resource
  • QP/CP Signed
  • Cut-off Disclosed

Negative factors

  • Inferred Resource

Evidence · table

“0.07%”

Context: 57.2

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

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

Why it applies: reporting_standards includes ni_43_101

inferredLimousine Butte · goldTonnes: 31700000Grade: 0.25Grade Unit: g/tContained Metal: 255000Contained Unit: ozView all details
Link to this fact

Identity

Project
Limousine Butte
Commodity
gold
Region
usa_nv
Reported Region
Nevada
Ticker
NAU

Resource scope

Estimate type
resource
Effective date
2026-07-15T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Gregory Z. Mosher, Daniel W. Kappes, Greg French
Resource group id
resource:a38159977aaa45c39d2d
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

Review

Needs Review
No
Historical
No

Dates

Event date
2026-08-31T00:00:00.000Z

Reasoning: This is a significant Inferred resource for gold in the Northern Zones, part of the maiden MRE, indicating lower confidence and no antimony data.

Positive factors

  • Maiden Resource
  • QP/CP Signed
  • Cut-off Disclosed

Negative factors

  • Inferred Resource

Evidence · table

“0.25”

Context: 31.7

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

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

Why it applies: reporting_standards includes ni_43_101

inferredLimousine Butte · goldTonnes: 117500000Grade: 0.32Grade Unit: g/tContained Metal: 1203500Contained Unit: ozView all details
Link to this fact

Identity

Project
Limousine Butte
Commodity
gold
Region
usa_nv
Reported Region
Nevada
Ticker
NAU

Resource scope

Estimate type
resource
Effective date
2026-07-15T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Gregory Z. Mosher, Daniel W. Kappes, Greg French
Resource group id
resource:a41ecbb1f27edfbe323e
Deposit or zone
Total Inferred
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

Review

Needs Review
No
Historical
No

Dates

Event date
2026-08-31T00:00:00.000Z

Reasoning: This represents the total Inferred gold resource, part of the maiden MRE, indicating a substantial but lower-confidence resource.

Positive factors

  • Maiden Resource
  • QP/CP Signed
  • Cut-off Disclosed

Negative factors

  • Inferred Resource

Evidence · table

“0.32”

Context: 117.5

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

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

Why it applies: reporting_standards includes ni_43_101

inferredLimousine Butte · silverTonnes: 117500000Grade: 0.61Grade Unit: g/tContained Metal: 1694840Contained Unit: ozView all details
Link to this fact

Identity

Project
Limousine Butte
Commodity
silver
Region
usa_nv
Reported Region
Nevada
Ticker
NAU

Resource scope

Estimate type
resource
Effective date
2026-07-15T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Gregory Z. Mosher, Daniel W. Kappes, Greg French
Resource group id
resource:a41ecbb1f27edfbe323e
Deposit or zone
Total Inferred
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

Review

Needs Review
No
Historical
No

Dates

Event date
2026-08-31T00:00:00.000Z

Reasoning: This represents the total Inferred silver resource, part of the maiden MRE, indicating a substantial but lower-confidence resource.

Positive factors

  • Maiden Resource
  • QP/CP Signed
  • Cut-off Disclosed

Negative factors

  • Inferred Resource

Evidence · table

“0.61”

Context: 117.5

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

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

Why it applies: reporting_standards includes ni_43_101

inferredLimousine Butte · antimonyTonnes: 117500000Grade: 0.09Grade Unit: %Contained Metal: 75700Contained Unit: tView all details
Link to this fact

Identity

Project
Limousine Butte
Commodity
antimony
Region
usa_nv
Reported Region
Nevada
Ticker
NAU

Resource scope

Estimate type
resource
Effective date
2026-07-15T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Gregory Z. Mosher, Daniel W. Kappes, Greg French
Resource group id
resource:a41ecbb1f27edfbe323e
Deposit or zone
Total Inferred
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

Review

Needs Review
No
Historical
No

Dates

Event date
2026-08-31T00:00:00.000Z

Reasoning: This represents the total Inferred antimony resource, part of the maiden MRE, indicating a substantial but lower-confidence resource.

Positive factors

  • Maiden Resource
  • QP/CP Signed
  • Cut-off Disclosed

Negative factors

  • Inferred Resource

Evidence · table

“0.09%”

Context: 117.5

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

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

Why it applies: reporting_standards includes ni_43_101

measuredLimousine Butte · goldTonnes: 1000000Grade: 0.31Grade Unit: g/tContained Metal: 9500Contained Unit: ozView all details
Link to this fact

Identity

Project
Limousine Butte
Commodity
gold
Region
usa_nv
Reported Region
Nevada
Ticker
NAU

Resource scope

Estimate type
resource
Effective date
2026-07-15T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Gregory Z. Mosher, Daniel W. Kappes, Greg French
Resource group id
resource:61a8f13e0130a958ac1e
Deposit or zone
Leach Pads (Antimony Sub-Domain)
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
% antimony

Prior Estimate

Resource Date
2026-07-15

Metal Equivalent

Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2026-08-31T00:00:00.000Z

Reasoning: This is a Measured resource for gold in the Leach Pads antimony sub-domain, part of the maiden MRE, indicating high confidence.

Positive factors

  • Maiden Resource
  • Measured Resource
  • QP/CP Signed
  • Cut-off Disclosed

Evidence · table

“0.31”

Context: 1.0

Tags used in scoring

Measured Resourcepositive

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

Why it applies: category is "measured"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

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

Why it applies: reporting_standards includes ni_43_101

measuredLimousine Butte · silverTonnes: 1000000Grade: 2.8Grade Unit: g/tContained Metal: 87000Contained Unit: ozView all details
Link to this fact

Identity

Project
Limousine Butte
Commodity
silver
Region
usa_nv
Reported Region
Nevada
Ticker
NAU

Resource scope

Estimate type
resource
Effective date
2026-07-15T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Gregory Z. Mosher, Daniel W. Kappes, Greg French
Resource group id
resource:61a8f13e0130a958ac1e
Deposit or zone
Leach Pads (Antimony Sub-Domain)
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
% antimony

Prior Estimate

Resource Date
2026-07-15

Metal Equivalent

Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2026-08-31T00:00:00.000Z

Reasoning: This is a Measured resource for silver in the Leach Pads antimony sub-domain, part of the maiden MRE, indicating high confidence.

Positive factors

  • Maiden Resource
  • Measured Resource
  • QP/CP Signed
  • Cut-off Disclosed

Evidence · table

“2.80”

Context: 1.0

Tags used in scoring

Measured Resourcepositive

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

Why it applies: category is "measured"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

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

Why it applies: reporting_standards includes ni_43_101

measuredLimousine Butte · antimonyTonnes: 1000000Grade: 0.26Grade Unit: %Contained Metal: 2600Contained Unit: tView all details
Link to this fact

Identity

Project
Limousine Butte
Commodity
antimony
Region
usa_nv
Reported Region
Nevada
Ticker
NAU

Resource scope

Estimate type
resource
Effective date
2026-07-15T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Gregory Z. Mosher, Daniel W. Kappes, Greg French
Resource group id
resource:61a8f13e0130a958ac1e
Deposit or zone
Leach Pads (Antimony Sub-Domain)
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
% antimony

Prior Estimate

Resource Date
2026-07-15

Metal Equivalent

Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2026-08-31T00:00:00.000Z

Reasoning: This is a Measured resource for antimony in the Leach Pads antimony sub-domain, part of the maiden MRE, indicating high confidence.

Positive factors

  • Maiden Resource
  • Measured Resource
  • QP/CP Signed
  • Cut-off Disclosed

Evidence · table

“0.26%”

Context: 1.0

Tags used in scoring

Measured Resourcepositive

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

Why it applies: category is "measured"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

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

Why it applies: reporting_standards includes ni_43_101

indicatedLimousine Butte · goldTonnes: 1200000Grade: 0.29Grade Unit: g/tContained Metal: 11600Contained Unit: ozView all details
Link to this fact

Identity

Project
Limousine Butte
Commodity
gold
Region
usa_nv
Reported Region
Nevada
Ticker
NAU

Resource scope

Estimate type
resource
Effective date
2026-07-15T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Gregory Z. Mosher, Daniel W. Kappes, Greg French
Resource group id
resource:3677967c7d00afa052a5
Deposit or zone
Leach Pads (Antimony Sub-Domain)
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
% antimony

Prior Estimate

Resource Date
2026-07-15

Metal Equivalent

Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2026-08-31T00:00:00.000Z

Reasoning: This is an Indicated resource for gold in the Leach Pads antimony sub-domain, part of the maiden MRE, providing reasonable geological confidence.

Positive factors

  • Maiden Resource
  • Indicated Resource
  • QP/CP Signed
  • Cut-off Disclosed

Evidence · table

“0.29”

Context: 1.2

Tags used in scoring

Indicated Resourcepositive

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

Why it applies: category is "indicated"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

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

Why it applies: reporting_standards includes ni_43_101

indicatedLimousine Butte · silverTonnes: 1200000Grade: 2.44Grade Unit: g/tContained Metal: 96700Contained Unit: ozView all details
Link to this fact

Identity

Project
Limousine Butte
Commodity
silver
Region
usa_nv
Reported Region
Nevada
Ticker
NAU

Resource scope

Estimate type
resource
Effective date
2026-07-15T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Gregory Z. Mosher, Daniel W. Kappes, Greg French
Resource group id
resource:3677967c7d00afa052a5
Deposit or zone
Leach Pads (Antimony Sub-Domain)
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
% antimony

Prior Estimate

Resource Date
2026-07-15

Metal Equivalent

Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2026-08-31T00:00:00.000Z

Reasoning: This is an Indicated resource for silver in the Leach Pads antimony sub-domain, part of the maiden MRE, providing reasonable geological confidence.

Positive factors

  • Maiden Resource
  • Indicated Resource
  • QP/CP Signed
  • Cut-off Disclosed

Evidence · table

“2.44”

Context: 1.2

Tags used in scoring

Indicated Resourcepositive

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

Why it applies: category is "indicated"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

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

Why it applies: reporting_standards includes ni_43_101

indicatedLimousine Butte · antimonyTonnes: 1200000Grade: 0.3Grade Unit: %Contained Metal: 3700Contained Unit: tView all details
Link to this fact

Identity

Project
Limousine Butte
Commodity
antimony
Region
usa_nv
Reported Region
Nevada
Ticker
NAU

Resource scope

Estimate type
resource
Effective date
2026-07-15T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Gregory Z. Mosher, Daniel W. Kappes, Greg French
Resource group id
resource:3677967c7d00afa052a5
Deposit or zone
Leach Pads (Antimony Sub-Domain)
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
% antimony

Prior Estimate

Resource Date
2026-07-15

Metal Equivalent

Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2026-08-31T00:00:00.000Z

Reasoning: This is an Indicated resource for antimony in the Leach Pads antimony sub-domain, part of the maiden MRE, providing reasonable geological confidence.

Positive factors

  • Maiden Resource
  • Indicated Resource
  • QP/CP Signed
  • Cut-off Disclosed

Evidence · table

“0.30%”

Context: 1.2

Tags used in scoring

Indicated Resourcepositive

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

Why it applies: category is "indicated"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

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

Why it applies: reporting_standards includes ni_43_101

indicatedLimousine Butte · goldTonnes: 90000Grade: 0.3Grade Unit: g/tContained Metal: 900Contained Unit: ozView all details
Link to this fact

Identity

Project
Limousine Butte
Commodity
gold
Region
usa_nv
Reported Region
Nevada
Ticker
NAU

Resource scope

Estimate type
resource
Effective date
2026-07-15T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Gregory Z. Mosher, Daniel W. Kappes, Greg French
Resource group id
resource:06f51f557aa33957041e
Deposit or zone
Pre-Strip Dump (Antimony Sub-Domain)
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
% antimony

Prior Estimate

Resource Date
2026-07-15

Metal Equivalent

Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2026-08-31T00:00:00.000Z

Reasoning: This is an Indicated resource for gold in the Pre-Strip Dump antimony sub-domain, part of the maiden MRE, providing reasonable geological confidence.

Positive factors

  • Maiden Resource
  • Indicated Resource
  • QP/CP Signed
  • Cut-off Disclosed

Evidence · table

“0.30”

Context: 0.09

Tags used in scoring

Indicated Resourcepositive

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

Why it applies: category is "indicated"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

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

Why it applies: reporting_standards includes ni_43_101

indicatedLimousine Butte · silverTonnes: 90000Grade: 0.13Grade Unit: g/tContained Metal: 400Contained Unit: ozView all details
Link to this fact

Identity

Project
Limousine Butte
Commodity
silver
Region
usa_nv
Reported Region
Nevada
Ticker
NAU

Resource scope

Estimate type
resource
Effective date
2026-07-15T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Gregory Z. Mosher, Daniel W. Kappes, Greg French
Resource group id
resource:06f51f557aa33957041e
Deposit or zone
Pre-Strip Dump (Antimony Sub-Domain)
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
% antimony

Prior Estimate

Resource Date
2026-07-15

Metal Equivalent

Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2026-08-31T00:00:00.000Z

Reasoning: This is an Indicated resource for silver in the Pre-Strip Dump antimony sub-domain, part of the maiden MRE, providing reasonable geological confidence.

Positive factors

  • Maiden Resource
  • Indicated Resource
  • QP/CP Signed
  • Cut-off Disclosed

Evidence · table

“0.13”

Context: 0.09

Tags used in scoring

Indicated Resourcepositive

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

Why it applies: category is "indicated"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

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

Why it applies: reporting_standards includes ni_43_101

indicatedLimousine Butte · antimonyTonnes: 90000Grade: 0.65Grade Unit: %Contained Metal: 600Contained Unit: tView all details
Link to this fact

Identity

Project
Limousine Butte
Commodity
antimony
Region
usa_nv
Reported Region
Nevada
Ticker
NAU

Resource scope

Estimate type
resource
Effective date
2026-07-15T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Gregory Z. Mosher, Daniel W. Kappes, Greg French
Resource group id
resource:06f51f557aa33957041e
Deposit or zone
Pre-Strip Dump (Antimony Sub-Domain)
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
% antimony

Prior Estimate

Resource Date
2026-07-15

Metal Equivalent

Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2026-08-31T00:00:00.000Z

Reasoning: This is an Indicated resource for antimony in the Pre-Strip Dump antimony sub-domain, part of the maiden MRE, providing reasonable geological confidence.

Positive factors

  • Maiden Resource
  • Indicated Resource
  • QP/CP Signed
  • Cut-off Disclosed

Evidence · table

“0.65%”

Context: 0.09

Tags used in scoring

Indicated Resourcepositive

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

Why it applies: category is "indicated"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

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

Why it applies: reporting_standards includes ni_43_101

indicatedLimousine Butte · goldTonnes: 9100000Grade: 0.37Grade Unit: g/tContained Metal: 107500Contained Unit: ozView all details
Link to this fact

Identity

Project
Limousine Butte
Commodity
gold
Region
usa_nv
Reported Region
Nevada
Ticker
NAU

Resource scope

Estimate type
resource
Effective date
2026-07-15T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Gregory Z. Mosher, Daniel W. Kappes, Greg French
Resource group id
resource:fb1cdc94f918246fd401
Deposit or zone
Resurrection (Antimony Sub-Domain)
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
% antimony

Prior Estimate

Resource Date
2026-07-15

Metal Equivalent

Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2026-08-31T00:00:00.000Z

Reasoning: This is a significant Indicated resource for gold in the Resurrection antimony sub-domain, part of the maiden MRE, providing reasonable geological confidence.

Positive factors

  • Maiden Resource
  • Indicated Resource
  • QP/CP Signed
  • Cut-off Disclosed

Evidence · table

“0.37”

Context: 9.1

Tags used in scoring

Indicated Resourcepositive

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

Why it applies: category is "indicated"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

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

Why it applies: reporting_standards includes ni_43_101

indicatedLimousine Butte · silverTonnes: 9100000Grade: 0.97Grade Unit: g/tContained Metal: 283500Contained Unit: ozView all details
Link to this fact

Identity

Project
Limousine Butte
Commodity
silver
Region
usa_nv
Reported Region
Nevada
Ticker
NAU

Resource scope

Estimate type
resource
Effective date
2026-07-15T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Gregory Z. Mosher, Daniel W. Kappes, Greg French
Resource group id
resource:fb1cdc94f918246fd401
Deposit or zone
Resurrection (Antimony Sub-Domain)
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
% antimony

Prior Estimate

Resource Date
2026-07-15

Metal Equivalent

Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2026-08-31T00:00:00.000Z

Reasoning: This is a significant Indicated resource for silver in the Resurrection antimony sub-domain, part of the maiden MRE, providing reasonable geological confidence.

Positive factors

  • Maiden Resource
  • Indicated Resource
  • QP/CP Signed
  • Cut-off Disclosed

Evidence · table

“0.97”

Context: 9.1

Tags used in scoring

Indicated Resourcepositive

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

Why it applies: category is "indicated"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

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

Why it applies: reporting_standards includes ni_43_101

indicatedLimousine Butte · antimonyTonnes: 9100000Grade: 0.25Grade Unit: %Contained Metal: 22700Contained Unit: tView all details
Link to this fact

Identity

Project
Limousine Butte
Commodity
antimony
Region
usa_nv
Reported Region
Nevada
Ticker
NAU

Resource scope

Estimate type
resource
Effective date
2026-07-15T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Gregory Z. Mosher, Daniel W. Kappes, Greg French
Resource group id
resource:fb1cdc94f918246fd401
Deposit or zone
Resurrection (Antimony Sub-Domain)
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
% antimony

Prior Estimate

Resource Date
2026-07-15

Metal Equivalent

Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2026-08-31T00:00:00.000Z

Reasoning: This is a significant Indicated resource for antimony in the Resurrection antimony sub-domain, part of the maiden MRE, providing reasonable geological confidence.

Positive factors

  • Maiden Resource
  • Indicated Resource
  • QP/CP Signed
  • Cut-off Disclosed

Evidence · table

“0.25%”

Context: 9.1

Tags used in scoring

Indicated Resourcepositive

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

Why it applies: category is "indicated"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

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

Why it applies: reporting_standards includes ni_43_101

indicatedLimousine Butte · goldTonnes: 11300000Grade: 0.36Grade Unit: g/tContained Metal: 129500Contained Unit: ozView all details
Link to this fact

Identity

Project
Limousine Butte
Commodity
gold
Region
usa_nv
Reported Region
Nevada
Ticker
NAU

Resource scope

Estimate type
resource
Effective date
2026-07-15T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Gregory Z. Mosher, Daniel W. Kappes, Greg French
Resource group id
resource:fecfc9e96bd44b30f7ba
Deposit or zone
Total M&I (Antimony Sub-Domain)
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
% antimony

Prior Estimate

Resource Date
2026-07-15

Metal Equivalent

Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2026-08-31T00:00:00.000Z

Reasoning: This represents the total Measured and Indicated gold resource within the antimony sub-domains, part of the maiden MRE, indicating a substantial high-confidence resource.

Positive factors

  • Maiden Resource
  • Indicated Resource
  • QP/CP Signed
  • Cut-off Disclosed

Evidence · table

“0.36”

Context: 11.3

Tags used in scoring

Indicated Resourcepositive

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

Why it applies: category is "indicated"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

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

Why it applies: reporting_standards includes ni_43_101

indicatedLimousine Butte · silverTonnes: 11300000Grade: 1.28Grade Unit: g/tContained Metal: 467600Contained Unit: ozView all details
Link to this fact

Identity

Project
Limousine Butte
Commodity
silver
Region
usa_nv
Reported Region
Nevada
Ticker
NAU

Resource scope

Estimate type
resource
Effective date
2026-07-15T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Gregory Z. Mosher, Daniel W. Kappes, Greg French
Resource group id
resource:fecfc9e96bd44b30f7ba
Deposit or zone
Total M&I (Antimony Sub-Domain)
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
% antimony

Prior Estimate

Resource Date
2026-07-15

Metal Equivalent

Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2026-08-31T00:00:00.000Z

Reasoning: This represents the total Measured and Indicated silver resource within the antimony sub-domains, part of the maiden MRE, indicating a substantial high-confidence resource.

Positive factors

  • Maiden Resource
  • Indicated Resource
  • QP/CP Signed
  • Cut-off Disclosed

Evidence · table

“1.28”

Context: 11.3

Tags used in scoring

Indicated Resourcepositive

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

Why it applies: category is "indicated"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

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

Why it applies: reporting_standards includes ni_43_101

indicatedLimousine Butte · antimonyTonnes: 11300000Grade: 0.26Grade Unit: %Contained Metal: 29600Contained Unit: tView all details
Link to this fact

Identity

Project
Limousine Butte
Commodity
antimony
Region
usa_nv
Reported Region
Nevada
Ticker
NAU

Resource scope

Estimate type
resource
Effective date
2026-07-15T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Gregory Z. Mosher, Daniel W. Kappes, Greg French
Resource group id
resource:fecfc9e96bd44b30f7ba
Deposit or zone
Total M&I (Antimony Sub-Domain)
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
% antimony

Prior Estimate

Resource Date
2026-07-15

Metal Equivalent

Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2026-08-31T00:00:00.000Z

Reasoning: This represents the total Measured and Indicated antimony resource within the antimony sub-domains, part of the maiden MRE, indicating a substantial high-confidence resource.

Positive factors

  • Maiden Resource
  • Indicated Resource
  • QP/CP Signed
  • Cut-off Disclosed

Evidence · table

“0.26%”

Context: 11.3

Tags used in scoring

Indicated Resourcepositive

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

Why it applies: category is "indicated"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

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

Why it applies: reporting_standards includes ni_43_101

inferredLimousine Butte · goldTonnes: 40000Grade: 0.28Grade Unit: g/tContained Metal: 400Contained Unit: ozView all details
Link to this fact

Identity

Project
Limousine Butte
Commodity
gold
Region
usa_nv
Reported Region
Nevada
Ticker
NAU

Resource scope

Estimate type
resource
Effective date
2026-07-15T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Gregory Z. Mosher, Daniel W. Kappes, Greg French
Resource group id
resource:6fb613c098edc7a8f942
Deposit or zone
Pre-Strip Dump (Antimony Sub-Domain)
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
% antimony

Prior Estimate

Resource Date
2026-07-15

Metal Equivalent

Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2026-08-31T00:00:00.000Z

Reasoning: This is an Inferred resource for gold in the Pre-Strip Dump antimony sub-domain, part of the maiden MRE, indicating lower confidence.

Positive factors

  • Maiden Resource
  • QP/CP Signed
  • Cut-off Disclosed

Negative factors

  • Inferred Resource

Evidence · table

“0.28”

Context: 0.04

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

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

Why it applies: reporting_standards includes ni_43_101

inferredLimousine Butte · silverTonnes: 40000Grade: 0.03Grade Unit: g/tContained Metal: 40Contained Unit: ozView all details
Link to this fact

Identity

Project
Limousine Butte
Commodity
silver
Region
usa_nv
Reported Region
Nevada
Ticker
NAU

Resource scope

Estimate type
resource
Effective date
2026-07-15T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Gregory Z. Mosher, Daniel W. Kappes, Greg French
Resource group id
resource:6fb613c098edc7a8f942
Deposit or zone
Pre-Strip Dump (Antimony Sub-Domain)
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
% antimony

Prior Estimate

Resource Date
2026-07-15

Metal Equivalent

Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2026-08-31T00:00:00.000Z

Reasoning: This is an Inferred resource for silver in the Pre-Strip Dump antimony sub-domain, part of the maiden MRE, indicating lower confidence.

Positive factors

  • Maiden Resource
  • QP/CP Signed
  • Cut-off Disclosed

Negative factors

  • Inferred Resource

Evidence · table

“0.03”

Context: 0.04

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

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

Why it applies: reporting_standards includes ni_43_101

inferredLimousine Butte · antimonyTonnes: 40000Grade: 1.02Grade Unit: %Contained Metal: 500Contained Unit: tView all details
Link to this fact

Identity

Project
Limousine Butte
Commodity
antimony
Region
usa_nv
Reported Region
Nevada
Ticker
NAU

Resource scope

Estimate type
resource
Effective date
2026-07-15T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Gregory Z. Mosher, Daniel W. Kappes, Greg French
Resource group id
resource:6fb613c098edc7a8f942
Deposit or zone
Pre-Strip Dump (Antimony Sub-Domain)
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
% antimony

Prior Estimate

Resource Date
2026-07-15

Metal Equivalent

Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2026-08-31T00:00:00.000Z

Reasoning: This is an Inferred resource for antimony in the Pre-Strip Dump antimony sub-domain, part of the maiden MRE, indicating lower confidence.

Positive factors

  • Maiden Resource
  • QP/CP Signed
  • Cut-off Disclosed

Negative factors

  • Inferred Resource

Evidence · table

“1.02%”

Context: 0.04

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

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

Why it applies: reporting_standards includes ni_43_101

inferredLimousine Butte · goldTonnes: 14100000Grade: 0.19Grade Unit: g/tContained Metal: 87300Contained Unit: ozView all details
Link to this fact

Identity

Project
Limousine Butte
Commodity
gold
Region
usa_nv
Reported Region
Nevada
Ticker
NAU

Resource scope

Estimate type
resource
Effective date
2026-07-15T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Gregory Z. Mosher, Daniel W. Kappes, Greg French
Resource group id
resource:70937f60bd57d7188529
Deposit or zone
Resurrection (Antimony Sub-Domain)
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
% antimony

Prior Estimate

Resource Date
2026-07-15

Metal Equivalent

Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2026-08-31T00:00:00.000Z

Reasoning: This is a significant Inferred resource for gold in the Resurrection antimony sub-domain, part of the maiden MRE, indicating lower confidence.

Positive factors

  • Maiden Resource
  • QP/CP Signed
  • Cut-off Disclosed

Negative factors

  • Inferred Resource

Evidence · table

“0.19”

Context: 14.1

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

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

Why it applies: reporting_standards includes ni_43_101

inferredLimousine Butte · silverTonnes: 14100000Grade: 0.61Grade Unit: g/tContained Metal: 275700Contained Unit: ozView all details
Link to this fact

Identity

Project
Limousine Butte
Commodity
silver
Region
usa_nv
Reported Region
Nevada
Ticker
NAU

Resource scope

Estimate type
resource
Effective date
2026-07-15T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Gregory Z. Mosher, Daniel W. Kappes, Greg French
Resource group id
resource:70937f60bd57d7188529
Deposit or zone
Resurrection (Antimony Sub-Domain)
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
% antimony

Prior Estimate

Resource Date
2026-07-15

Metal Equivalent

Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2026-08-31T00:00:00.000Z

Reasoning: This is a significant Inferred resource for silver in the Resurrection antimony sub-domain, part of the maiden MRE, indicating lower confidence.

Positive factors

  • Maiden Resource
  • QP/CP Signed
  • Cut-off Disclosed

Negative factors

  • Inferred Resource

Evidence · table

“0.61”

Context: 14.1

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

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

Why it applies: reporting_standards includes ni_43_101

inferredLimousine Butte · antimonyTonnes: 14100000Grade: 0.2Grade Unit: %Contained Metal: 27600Contained Unit: tView all details
Link to this fact

Identity

Project
Limousine Butte
Commodity
antimony
Region
usa_nv
Reported Region
Nevada
Ticker
NAU

Resource scope

Estimate type
resource
Effective date
2026-07-15T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Gregory Z. Mosher, Daniel W. Kappes, Greg French
Resource group id
resource:70937f60bd57d7188529
Deposit or zone
Resurrection (Antimony Sub-Domain)
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
% antimony

Prior Estimate

Resource Date
2026-07-15

Metal Equivalent

Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2026-08-31T00:00:00.000Z

Reasoning: This is a significant Inferred resource for antimony in the Resurrection antimony sub-domain, part of the maiden MRE, indicating lower confidence.

Positive factors

  • Maiden Resource
  • QP/CP Signed
  • Cut-off Disclosed

Negative factors

  • Inferred Resource

Evidence · table

“0.20%”

Context: 14.1

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

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

Why it applies: reporting_standards includes ni_43_101

inferredLimousine Butte · goldTonnes: 12700000Grade: 0.26Grade Unit: g/tContained Metal: 108400Contained Unit: ozView all details
Link to this fact

Identity

Project
Limousine Butte
Commodity
gold
Region
usa_nv
Reported Region
Nevada
Ticker
NAU

Resource scope

Estimate type
resource
Effective date
2026-07-15T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Gregory Z. Mosher, Daniel W. Kappes, Greg French
Resource group id
resource:a34cc291ba60c45be99a
Deposit or zone
Cadillac Valley (Antimony Sub-Domain)
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
% antimony

Prior Estimate

Resource Date
2026-07-15

Metal Equivalent

Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2026-08-31T00:00:00.000Z

Reasoning: This is an Inferred resource for gold in the Cadillac Valley antimony sub-domain, part of the maiden MRE, indicating lower confidence.

Positive factors

  • Maiden Resource
  • QP/CP Signed
  • Cut-off Disclosed

Negative factors

  • Inferred Resource

Evidence · table

“0.26”

Context: 12.7

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

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

Why it applies: reporting_standards includes ni_43_101

inferredLimousine Butte · silverTonnes: 12700000Grade: 0.53Grade Unit: g/tContained Metal: 218100Contained Unit: ozView all details
Link to this fact

Identity

Project
Limousine Butte
Commodity
silver
Region
usa_nv
Reported Region
Nevada
Ticker
NAU

Resource scope

Estimate type
resource
Effective date
2026-07-15T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Gregory Z. Mosher, Daniel W. Kappes, Greg French
Resource group id
resource:a34cc291ba60c45be99a
Deposit or zone
Cadillac Valley (Antimony Sub-Domain)
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
% antimony

Prior Estimate

Resource Date
2026-07-15

Metal Equivalent

Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2026-08-31T00:00:00.000Z

Reasoning: This is an Inferred resource for silver in the Cadillac Valley antimony sub-domain, part of the maiden MRE, indicating lower confidence.

Positive factors

  • Maiden Resource
  • QP/CP Signed
  • Cut-off Disclosed

Negative factors

  • Inferred Resource

Evidence · table

“0.53”

Context: 12.7

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

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

Why it applies: reporting_standards includes ni_43_101

inferredLimousine Butte · antimonyTonnes: 12700000Grade: 0.16Grade Unit: %Contained Metal: 20000Contained Unit: tView all details
Link to this fact

Identity

Project
Limousine Butte
Commodity
antimony
Region
usa_nv
Reported Region
Nevada
Ticker
NAU

Resource scope

Estimate type
resource
Effective date
2026-07-15T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Gregory Z. Mosher, Daniel W. Kappes, Greg French
Resource group id
resource:a34cc291ba60c45be99a
Deposit or zone
Cadillac Valley (Antimony Sub-Domain)
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
% antimony

Prior Estimate

Resource Date
2026-07-15

Metal Equivalent

Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2026-08-31T00:00:00.000Z

Reasoning: This is an Inferred resource for antimony in the Cadillac Valley antimony sub-domain, part of the maiden MRE, indicating lower confidence.

Positive factors

  • Maiden Resource
  • QP/CP Signed
  • Cut-off Disclosed

Negative factors

  • Inferred Resource

Evidence · table

“0.16%”

Context: 12.7

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

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

Why it applies: reporting_standards includes ni_43_101

inferredLimousine Butte · goldTonnes: 26900000Grade: 0.23Grade Unit: g/tContained Metal: 196100Contained Unit: ozView all details
Link to this fact

Identity

Project
Limousine Butte
Commodity
gold
Region
usa_nv
Reported Region
Nevada
Ticker
NAU

Resource scope

Estimate type
resource
Effective date
2026-07-15T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Gregory Z. Mosher, Daniel W. Kappes, Greg French
Resource group id
resource:b22565519bc8f8147c95
Deposit or zone
Total Inferred (Antimony Sub-Domain)
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
% antimony

Prior Estimate

Resource Date
2026-07-15

Metal Equivalent

Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2026-08-31T00:00:00.000Z

Reasoning: This represents the total Inferred gold resource within the antimony sub-domains, part of the maiden MRE, indicating a substantial but lower-confidence resource.

Positive factors

  • Maiden Resource
  • QP/CP Signed
  • Cut-off Disclosed

Negative factors

  • Inferred Resource

Evidence · table

“0.23”

Context: 26.9

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

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

Why it applies: reporting_standards includes ni_43_101

inferredLimousine Butte · silverTonnes: 26900000Grade: 0.57Grade Unit: g/tContained Metal: 493900Contained Unit: ozView all details
Link to this fact

Identity

Project
Limousine Butte
Commodity
silver
Region
usa_nv
Reported Region
Nevada
Ticker
NAU

Resource scope

Estimate type
resource
Effective date
2026-07-15T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Gregory Z. Mosher, Daniel W. Kappes, Greg French
Resource group id
resource:b22565519bc8f8147c95
Deposit or zone
Total Inferred (Antimony Sub-Domain)
Mining method
open_pit

Resource Data

Category
inferred
Tonnes
26900000
Grade
0.57
Grade Unit
g/t
Contained Metal
493900
Contained Unit
oz
Cutoff Grade
0.1
Cutoff Unit
% antimony

Prior Estimate

Resource Date
2026-07-15

Metal Equivalent

Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2026-08-31T00:00:00.000Z

Reasoning: This represents the total Inferred silver resource within the antimony sub-domains, part of the maiden MRE, indicating a substantial but lower-confidence resource.

Positive factors

  • Maiden Resource
  • QP/CP Signed
  • Cut-off Disclosed

Negative factors

  • Inferred Resource

Evidence · table

“0.57”

Context: 26.9

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

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

Why it applies: reporting_standards includes ni_43_101

inferredLimousine Butte · antimonyTonnes: 26900000Grade: 0.18Grade Unit: %Contained Metal: 48100Contained Unit: tView all details
Link to this fact

Identity

Project
Limousine Butte
Commodity
antimony
Region
usa_nv
Reported Region
Nevada
Ticker
NAU

Resource scope

Estimate type
resource
Effective date
2026-07-15T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Gregory Z. Mosher, Daniel W. Kappes, Greg French
Resource group id
resource:b22565519bc8f8147c95
Deposit or zone
Total Inferred (Antimony Sub-Domain)
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
% antimony

Prior Estimate

Resource Date
2026-07-15

Metal Equivalent

Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2026-08-31T00:00:00.000Z

Reasoning: This represents the total Inferred antimony resource within the antimony sub-domains, part of the maiden MRE, indicating a substantial but lower-confidence resource.

Positive factors

  • Maiden Resource
  • QP/CP Signed
  • Cut-off Disclosed

Negative factors

  • Inferred Resource

Evidence · table

“0.18%”

Context: 26.9

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

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

Why it applies: reporting_standards includes ni_43_101

indicatedLimousine Butte · goldTonnes: 8900000Grade: 0.51Grade Unit: g/tContained Metal: 144200Contained Unit: ozView all details
Link to this fact

Identity

Project
Limousine Butte
Commodity
gold
Region
usa_nv
Reported Region
Nevada
Ticker
NAU

Resource scope

Estimate type
resource
Effective date
2026-07-15T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Gregory Z. Mosher, Daniel W. Kappes, Greg French
Resource group id
resource:82a1e6ba40e8dc812b70
Deposit or zone
Total M&I
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

Review

Needs Review
No
Historical
No

Dates

Event date
2026-08-31T00:00:00.000Z

Reasoning: This represents the Measured and Indicated gold resource at a 0.60 g/t AuEq cut-off, part of the maiden MRE, indicating a high-confidence resource.

Positive factors

  • Maiden Resource
  • Indicated Resource
  • QP/CP Signed
  • Cut-off Disclosed

Evidence · table

“0.51”

Context: 8.9

Tags used in scoring

Indicated Resourcepositive

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

Why it applies: category is "indicated"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

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

Why it applies: reporting_standards includes ni_43_101

indicatedLimousine Butte · silverTonnes: 8900000Grade: 1.41Grade Unit: g/tContained Metal: 400000Contained Unit: ozView all details
Link to this fact

Identity

Project
Limousine Butte
Commodity
silver
Region
usa_nv
Reported Region
Nevada
Ticker
NAU

Resource scope

Estimate type
resource
Effective date
2026-07-15T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Gregory Z. Mosher, Daniel W. Kappes, Greg French
Resource group id
resource:82a1e6ba40e8dc812b70
Deposit or zone
Total M&I
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

Review

Needs Review
No
Historical
No

Dates

Event date
2026-08-31T00:00:00.000Z

Reasoning: This represents the Measured and Indicated silver resource at a 0.60 g/t AuEq cut-off, part of the maiden MRE, indicating a high-confidence resource.

Positive factors

  • Maiden Resource
  • Indicated Resource
  • QP/CP Signed
  • Cut-off Disclosed

Evidence · table

“1.41”

Context: 8.9

Tags used in scoring

Indicated Resourcepositive

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

Why it applies: category is "indicated"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

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

Why it applies: reporting_standards includes ni_43_101

indicatedLimousine Butte · antimonyTonnes: 8900000Grade: 0.28Grade Unit: %Contained Metal: 25100Contained Unit: tView all details
Link to this fact

Identity

Project
Limousine Butte
Commodity
antimony
Region
usa_nv
Reported Region
Nevada
Ticker
NAU

Resource scope

Estimate type
resource
Effective date
2026-07-15T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Gregory Z. Mosher, Daniel W. Kappes, Greg French
Resource group id
resource:82a1e6ba40e8dc812b70
Deposit or zone
Total M&I
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

Review

Needs Review
No
Historical
No

Dates

Event date
2026-08-31T00:00:00.000Z

Reasoning: This represents the Measured and Indicated antimony resource at a 0.60 g/t AuEq cut-off, part of the maiden MRE, indicating a high-confidence resource.

Positive factors

  • Maiden Resource
  • Indicated Resource
  • QP/CP Signed
  • Cut-off Disclosed

Evidence · table

“0.28%”

Context: 8.9

Tags used in scoring

Indicated Resourcepositive

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

Why it applies: category is "indicated"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

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

Why it applies: reporting_standards includes ni_43_101

inferredLimousine Butte · goldTonnes: 51800000Grade: 0.41Grade Unit: g/tContained Metal: 690700Contained Unit: ozView all details
Link to this fact

Identity

Project
Limousine Butte
Commodity
gold
Region
usa_nv
Reported Region
Nevada
Ticker
NAU

Resource scope

Estimate type
resource
Effective date
2026-07-15T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Gregory Z. Mosher, Daniel W. Kappes, Greg French
Resource group id
resource:0384f1d42ee557366f1e
Deposit or zone
Total Inferred
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

Review

Needs Review
No
Historical
No

Dates

Event date
2026-08-31T00:00:00.000Z

Reasoning: This represents the Inferred gold resource at a 0.60 g/t AuEq cut-off, part of the maiden MRE, indicating a substantial but lower-confidence resource.

Positive factors

  • Maiden Resource
  • QP/CP Signed
  • Cut-off Disclosed

Negative factors

  • Inferred Resource

Evidence · table

“0.41”

Context: 51.8

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

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

Why it applies: reporting_standards includes ni_43_101

inferredLimousine Butte · silverTonnes: 51800000Grade: 1.08Grade Unit: g/tContained Metal: 700220Contained Unit: ozView all details
Link to this fact

Identity

Project
Limousine Butte
Commodity
silver
Region
usa_nv
Reported Region
Nevada
Ticker
NAU

Resource scope

Estimate type
resource
Effective date
2026-07-15T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Gregory Z. Mosher, Daniel W. Kappes, Greg French
Resource group id
resource:0384f1d42ee557366f1e
Deposit or zone
Total Inferred
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

Review

Needs Review
No
Historical
No

Dates

Event date
2026-08-31T00:00:00.000Z

Reasoning: This represents the Inferred silver resource at a 0.60 g/t AuEq cut-off, part of the maiden MRE, indicating a substantial but lower-confidence resource.

Positive factors

  • Maiden Resource
  • QP/CP Signed
  • Cut-off Disclosed

Negative factors

  • Inferred Resource

Evidence · table

“1.08”

Context: 51.8

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

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

Why it applies: reporting_standards includes ni_43_101

inferredLimousine Butte · antimonyTonnes: 51800000Grade: 0.14Grade Unit: %Contained Metal: 28600Contained Unit: tView all details
Link to this fact

Identity

Project
Limousine Butte
Commodity
antimony
Region
usa_nv
Reported Region
Nevada
Ticker
NAU

Resource scope

Estimate type
resource
Effective date
2026-07-15T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Gregory Z. Mosher, Daniel W. Kappes, Greg French
Resource group id
resource:0384f1d42ee557366f1e
Deposit or zone
Total Inferred
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

Review

Needs Review
No
Historical
No

Dates

Event date
2026-08-31T00:00:00.000Z

Reasoning: This represents the Inferred antimony resource at a 0.60 g/t AuEq cut-off, part of the maiden MRE, indicating a substantial but lower-confidence resource.

Positive factors

  • Maiden Resource
  • QP/CP Signed
  • Cut-off Disclosed

Negative factors

  • Inferred Resource

Evidence · table

“0.14%”

Context: 51.8

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

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

Why it applies: reporting_standards includes ni_43_101

indicatedLimousine Butte · goldTonnes: 11300000Grade: 0.44Grade Unit: g/tContained Metal: 160600Contained Unit: ozView all details
Link to this fact

Identity

Project
Limousine Butte
Commodity
gold
Region
usa_nv
Reported Region
Nevada
Ticker
NAU

Resource scope

Estimate type
resource
Effective date
2026-07-15T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Gregory Z. Mosher, Daniel W. Kappes, Greg French
Resource group id
resource:4fbf4a3d451f25cce562
Deposit or zone
Total M&I
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

Review

Needs Review
No
Historical
No

Dates

Event date
2026-08-31T00:00:00.000Z

Reasoning: This represents the Measured and Indicated gold resource at a 0.45 g/t AuEq cut-off, part of the maiden MRE, indicating a high-confidence resource.

Positive factors

  • Maiden Resource
  • Indicated Resource
  • QP/CP Signed
  • Cut-off Disclosed

Evidence · table

“0.44”

Context: 11.3

Tags used in scoring

Indicated Resourcepositive

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

Why it applies: category is "indicated"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

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

Why it applies: reporting_standards includes ni_43_101

indicatedLimousine Butte · silverTonnes: 11300000Grade: 1.28Grade Unit: g/tContained Metal: 463100Contained Unit: ozView all details
Link to this fact

Identity

Project
Limousine Butte
Commodity
silver
Region
usa_nv
Reported Region
Nevada
Ticker
NAU

Resource scope

Estimate type
resource
Effective date
2026-07-15T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Gregory Z. Mosher, Daniel W. Kappes, Greg French
Resource group id
resource:4fbf4a3d451f25cce562
Deposit or zone
Total M&I
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

Review

Needs Review
No
Historical
No

Dates

Event date
2026-08-31T00:00:00.000Z

Reasoning: This represents the Measured and Indicated silver resource at a 0.45 g/t AuEq cut-off, part of the maiden MRE, indicating a high-confidence resource.

Positive factors

  • Maiden Resource
  • Indicated Resource
  • QP/CP Signed
  • Cut-off Disclosed

Evidence · table

“1.28”

Context: 11.3

Tags used in scoring

Indicated Resourcepositive

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

Why it applies: category is "indicated"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

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

Why it applies: reporting_standards includes ni_43_101

indicatedLimousine Butte · antimonyTonnes: 11300000Grade: 0.25Grade Unit: %Contained Metal: 28400Contained Unit: tView all details
Link to this fact

Identity

Project
Limousine Butte
Commodity
antimony
Region
usa_nv
Reported Region
Nevada
Ticker
NAU

Resource scope

Estimate type
resource
Effective date
2026-07-15T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Gregory Z. Mosher, Daniel W. Kappes, Greg French
Resource group id
resource:4fbf4a3d451f25cce562
Deposit or zone
Total M&I
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

Review

Needs Review
No
Historical
No

Dates

Event date
2026-08-31T00:00:00.000Z

Reasoning: This represents the Measured and Indicated antimony resource at a 0.45 g/t AuEq cut-off, part of the maiden MRE, indicating a high-confidence resource.

Positive factors

  • Maiden Resource
  • Indicated Resource
  • QP/CP Signed
  • Cut-off Disclosed

Evidence · table

“0.25%”

Context: 11.3

Tags used in scoring

Indicated Resourcepositive

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

Why it applies: category is "indicated"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

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

Why it applies: reporting_standards includes ni_43_101

inferredLimousine Butte · goldTonnes: 70300000Grade: 0.38Grade Unit: g/tContained Metal: 868000Contained Unit: ozView all details
Link to this fact

Identity

Project
Limousine Butte
Commodity
gold
Region
usa_nv
Reported Region
Nevada
Ticker
NAU

Resource scope

Estimate type
resource
Effective date
2026-07-15T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Gregory Z. Mosher, Daniel W. Kappes, Greg French
Resource group id
resource:b53f22a932f7db157160
Deposit or zone
Total Inferred
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

Review

Needs Review
No
Historical
No

Dates

Event date
2026-08-31T00:00:00.000Z

Reasoning: This represents the Inferred gold resource at a 0.45 g/t AuEq cut-off, part of the maiden MRE, indicating a substantial but lower-confidence resource.

Positive factors

  • Maiden Resource
  • QP/CP Signed
  • Cut-off Disclosed

Negative factors

  • Inferred Resource

Evidence · table

“0.38”

Context: 70.3

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

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

Why it applies: reporting_standards includes ni_43_101

inferredLimousine Butte · silverTonnes: 70300000Grade: 0.83Grade Unit: g/tContained Metal: 1036340Contained Unit: ozView all details
Link to this fact

Identity

Project
Limousine Butte
Commodity
silver
Region
usa_nv
Reported Region
Nevada
Ticker
NAU

Resource scope

Estimate type
resource
Effective date
2026-07-15T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Gregory Z. Mosher, Daniel W. Kappes, Greg French
Resource group id
resource:b53f22a932f7db157160
Deposit or zone
Total Inferred
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

Review

Needs Review
No
Historical
No

Dates

Event date
2026-08-31T00:00:00.000Z

Reasoning: This represents the Inferred silver resource at a 0.45 g/t AuEq cut-off, part of the maiden MRE, indicating a substantial but lower-confidence resource.

Positive factors

  • Maiden Resource
  • QP/CP Signed
  • Cut-off Disclosed

Negative factors

  • Inferred Resource

Evidence · table

“0.83”

Context: 70.3

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

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

Why it applies: reporting_standards includes ni_43_101

inferredLimousine Butte · antimonyTonnes: 70300000Grade: 0.12Grade Unit: %Contained Metal: 46000Contained Unit: tView all details
Link to this fact

Identity

Project
Limousine Butte
Commodity
antimony
Region
usa_nv
Reported Region
Nevada
Ticker
NAU

Resource scope

Estimate type
resource
Effective date
2026-07-15T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Gregory Z. Mosher, Daniel W. Kappes, Greg French
Resource group id
resource:b53f22a932f7db157160
Deposit or zone
Total Inferred
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

Review

Needs Review
No
Historical
No

Dates

Event date
2026-08-31T00:00:00.000Z

Reasoning: This represents the Inferred antimony resource at a 0.45 g/t AuEq cut-off, part of the maiden MRE, indicating a substantial but lower-confidence resource.

Positive factors

  • Maiden Resource
  • QP/CP Signed
  • Cut-off Disclosed

Negative factors

  • Inferred Resource

Evidence · table

“0.12%”

Context: 70.3

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

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

Why it applies: reporting_standards includes ni_43_101

indicatedLimousine Butte · goldTonnes: 15200000Grade: 0.37Grade Unit: g/tContained Metal: 181400Contained Unit: ozView all details
Link to this fact

Identity

Project
Limousine Butte
Commodity
gold
Region
usa_nv
Reported Region
Nevada
Ticker
NAU

Resource scope

Estimate type
resource
Effective date
2026-07-15T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Gregory Z. Mosher, Daniel W. Kappes, Greg French
Resource group id
resource:4196c0b49cbe03c11deb
Deposit or zone
Total M&I
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

Review

Needs Review
No
Historical
No

Dates

Event date
2026-08-31T00:00:00.000Z

Reasoning: This represents the Measured and Indicated gold resource at a 0.30 g/t AuEq cut-off, part of the maiden MRE, indicating a substantial high-confidence resource.

Positive factors

  • Maiden Resource
  • Indicated Resource
  • QP/CP Signed
  • Cut-off Disclosed

Evidence · table

“0.37”

Context: 15.2

Tags used in scoring

Indicated Resourcepositive

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

Why it applies: category is "indicated"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

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

Why it applies: reporting_standards includes ni_43_101

indicatedLimousine Butte · silverTonnes: 15200000Grade: 1.15Grade Unit: g/tContained Metal: 562200Contained Unit: ozView all details
Link to this fact

Identity

Project
Limousine Butte
Commodity
silver
Region
usa_nv
Reported Region
Nevada
Ticker
NAU

Resource scope

Estimate type
resource
Effective date
2026-07-15T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Gregory Z. Mosher, Daniel W. Kappes, Greg French
Resource group id
resource:4196c0b49cbe03c11deb
Deposit or zone
Total M&I
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

Review

Needs Review
No
Historical
No

Dates

Event date
2026-08-31T00:00:00.000Z

Reasoning: This represents the Measured and Indicated silver resource at a 0.30 g/t AuEq cut-off, part of the maiden MRE, indicating a substantial high-confidence resource.

Positive factors

  • Maiden Resource
  • Indicated Resource
  • QP/CP Signed
  • Cut-off Disclosed

Evidence · table

“1.15”

Context: 15.2

Tags used in scoring

Indicated Resourcepositive

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

Why it applies: category is "indicated"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

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

Why it applies: reporting_standards includes ni_43_101

indicatedLimousine Butte · antimonyTonnes: 15200000Grade: 0.21Grade Unit: %Contained Metal: 31800Contained Unit: tView all details
Link to this fact

Identity

Project
Limousine Butte
Commodity
antimony
Region
usa_nv
Reported Region
Nevada
Ticker
NAU

Resource scope

Estimate type
resource
Effective date
2026-07-15T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Gregory Z. Mosher, Daniel W. Kappes, Greg French
Resource group id
resource:4196c0b49cbe03c11deb
Deposit or zone
Total M&I
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

Review

Needs Review
No
Historical
No

Dates

Event date
2026-08-31T00:00:00.000Z

Reasoning: This represents the Measured and Indicated antimony resource at a 0.30 g/t AuEq cut-off, part of the maiden MRE, indicating a substantial high-confidence resource.

Positive factors

  • Maiden Resource
  • Indicated Resource
  • QP/CP Signed
  • Cut-off Disclosed

Evidence · table

“0.21%”

Context: 15.2

Tags used in scoring

Indicated Resourcepositive

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

Why it applies: category is "indicated"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

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

Why it applies: reporting_standards includes ni_43_101

inferredLimousine Butte · goldTonnes: 117500000Grade: 0.32Grade Unit: g/tContained Metal: 1203500Contained Unit: ozView all details
Link to this fact

Identity

Project
Limousine Butte
Commodity
gold
Region
usa_nv
Reported Region
Nevada
Ticker
NAU

Resource scope

Estimate type
resource
Effective date
2026-07-15T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Gregory Z. Mosher, Daniel W. Kappes, Greg French
Resource group id
resource:a41ecbb1f27edfbe323e
Deposit or zone
Total Inferred
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

Review

Needs Review
No
Historical
No

Dates

Event date
2026-08-31T00:00:00.000Z

Reasoning: This represents the Inferred gold resource at a 0.30 g/t AuEq cut-off, part of the maiden MRE, indicating a substantial but lower-confidence resource.

Positive factors

  • Maiden Resource
  • QP/CP Signed
  • Cut-off Disclosed

Negative factors

  • Inferred Resource

Evidence · table

“0.32”

Context: 117.5

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

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

Why it applies: reporting_standards includes ni_43_101

inferredLimousine Butte · silverTonnes: 117500000Grade: 0.61Grade Unit: g/tContained Metal: 1694840Contained Unit: ozView all details
Link to this fact

Identity

Project
Limousine Butte
Commodity
silver
Region
usa_nv
Reported Region
Nevada
Ticker
NAU

Resource scope

Estimate type
resource
Effective date
2026-07-15T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Gregory Z. Mosher, Daniel W. Kappes, Greg French
Resource group id
resource:a41ecbb1f27edfbe323e
Deposit or zone
Total Inferred
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

Review

Needs Review
No
Historical
No

Dates

Event date
2026-08-31T00:00:00.000Z

Reasoning: This represents the Inferred silver resource at a 0.30 g/t AuEq cut-off, part of the maiden MRE, indicating a substantial but lower-confidence resource.

Positive factors

  • Maiden Resource
  • QP/CP Signed
  • Cut-off Disclosed

Negative factors

  • Inferred Resource

Evidence · table

“0.61”

Context: 117.5

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

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

Why it applies: reporting_standards includes ni_43_101

inferredLimousine Butte · antimonyTonnes: 117500000Grade: 0.09Grade Unit: %Contained Metal: 75700Contained Unit: tView all details
Link to this fact

Identity

Project
Limousine Butte
Commodity
antimony
Region
usa_nv
Reported Region
Nevada
Ticker
NAU

Resource scope

Estimate type
resource
Effective date
2026-07-15T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Gregory Z. Mosher, Daniel W. Kappes, Greg French
Resource group id
resource:a41ecbb1f27edfbe323e
Deposit or zone
Total Inferred
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

Review

Needs Review
No
Historical
No

Dates

Event date
2026-08-31T00:00:00.000Z

Reasoning: This represents the Inferred antimony resource at a 0.30 g/t AuEq cut-off, part of the maiden MRE, indicating a substantial but lower-confidence resource.

Positive factors

  • Maiden Resource
  • QP/CP Signed
  • Cut-off Disclosed

Negative factors

  • Inferred Resource

Evidence · table

“0.09%”

Context: 117.5

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

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

Why it applies: reporting_standards includes ni_43_101

indicatedLimousine Butte · goldTonnes: 23100000Grade: 0.28Grade Unit: g/tContained Metal: 204900Contained Unit: ozView all details
Link to this fact

Identity

Project
Limousine Butte
Commodity
gold
Region
usa_nv
Reported Region
Nevada
Ticker
NAU

Resource scope

Estimate type
resource
Effective date
2026-07-15T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Gregory Z. Mosher, Daniel W. Kappes, Greg French
Resource group id
resource:1612ff7225ac613f8037
Deposit or zone
Total M&I
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

Review

Needs Review
No
Historical
No

Dates

Event date
2026-08-31T00:00:00.000Z

Reasoning: This represents the Measured and Indicated gold resource at a 0.15 g/t AuEq cut-off, part of the maiden MRE, indicating a substantial high-confidence resource.

Positive factors

  • Maiden Resource
  • Indicated Resource
  • QP/CP Signed
  • Cut-off Disclosed

Evidence · table

“0.28”

Context: 23.1

Tags used in scoring

Indicated Resourcepositive

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

Why it applies: category is "indicated"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

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

Why it applies: reporting_standards includes ni_43_101

indicatedLimousine Butte · silverTonnes: 23100000Grade: 0.98Grade Unit: g/tContained Metal: 729300Contained Unit: ozView all details
Link to this fact

Identity

Project
Limousine Butte
Commodity
silver
Region
usa_nv
Reported Region
Nevada
Ticker
NAU

Resource scope

Estimate type
resource
Effective date
2026-07-15T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Gregory Z. Mosher, Daniel W. Kappes, Greg French
Resource group id
resource:1612ff7225ac613f8037
Deposit or zone
Total M&I
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

Review

Needs Review
No
Historical
No

Dates

Event date
2026-08-31T00:00:00.000Z

Reasoning: This represents the Measured and Indicated silver resource at a 0.15 g/t AuEq cut-off, part of the maiden MRE, indicating a substantial high-confidence resource.

Positive factors

  • Maiden Resource
  • Indicated Resource
  • QP/CP Signed
  • Cut-off Disclosed

Evidence · table

“0.98”

Context: 23.1

Tags used in scoring

Indicated Resourcepositive

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

Why it applies: category is "indicated"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

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

Why it applies: reporting_standards includes ni_43_101

indicatedLimousine Butte · antimonyTonnes: 23100000Grade: 0.16Grade Unit: %Contained Metal: 36100Contained Unit: tView all details
Link to this fact

Identity

Project
Limousine Butte
Commodity
antimony
Region
usa_nv
Reported Region
Nevada
Ticker
NAU

Resource scope

Estimate type
resource
Effective date
2026-07-15T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Gregory Z. Mosher, Daniel W. Kappes, Greg French
Resource group id
resource:1612ff7225ac613f8037
Deposit or zone
Total M&I
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

Review

Needs Review
No
Historical
No

Dates

Event date
2026-08-31T00:00:00.000Z

Reasoning: This represents the Measured and Indicated antimony resource at a 0.15 g/t AuEq cut-off, part of the maiden MRE, indicating a substantial high-confidence resource.

Positive factors

  • Maiden Resource
  • Indicated Resource
  • QP/CP Signed
  • Cut-off Disclosed

Evidence · table

“0.16%”

Context: 23.1

Tags used in scoring

Indicated Resourcepositive

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

Why it applies: category is "indicated"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

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

Why it applies: reporting_standards includes ni_43_101

inferredLimousine Butte · goldTonnes: 221900000Grade: 0.23Grade Unit: g/tContained Metal: 1628900Contained Unit: ozView all details
Link to this fact

Identity

Project
Limousine Butte
Commodity
gold
Region
usa_nv
Reported Region
Nevada
Ticker
NAU

Resource scope

Estimate type
resource
Effective date
2026-07-15T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Gregory Z. Mosher, Daniel W. Kappes, Greg French
Resource group id
resource:70e17e4d94331f4126e3
Deposit or zone
Total Inferred
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

Review

Needs Review
No
Historical
No

Dates

Event date
2026-08-31T00:00:00.000Z

Reasoning: This represents the Inferred gold resource at a 0.15 g/t AuEq cut-off, part of the maiden MRE, indicating a substantial but lower-confidence resource.

Positive factors

  • Maiden Resource
  • QP/CP Signed
  • Cut-off Disclosed

Negative factors

  • Inferred Resource

Evidence · table

“0.23”

Context: 221.9

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

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

Why it applies: reporting_standards includes ni_43_101

inferredLimousine Butte · silverTonnes: 221900000Grade: 0.49Grade Unit: g/tContained Metal: 2997940Contained Unit: ozView all details
Link to this fact

Identity

Project
Limousine Butte
Commodity
silver
Region
usa_nv
Reported Region
Nevada
Ticker
NAU

Resource scope

Estimate type
resource
Effective date
2026-07-15T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Gregory Z. Mosher, Daniel W. Kappes, Greg French
Resource group id
resource:70e17e4d94331f4126e3
Deposit or zone
Total Inferred
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

Review

Needs Review
No
Historical
No

Dates

Event date
2026-08-31T00:00:00.000Z

Reasoning: This represents the Inferred silver resource at a 0.15 g/t AuEq cut-off, part of the maiden MRE, indicating a substantial but lower-confidence resource.

Positive factors

  • Maiden Resource
  • QP/CP Signed
  • Cut-off Disclosed

Negative factors

  • Inferred Resource

Evidence · table

“0.49”

Context: 221.9

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

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

Why it applies: reporting_standards includes ni_43_101

inferredLimousine Butte · antimonyTonnes: 221900000Grade: 0.06Grade Unit: %Contained Metal: 114000Contained Unit: tView all details
Link to this fact

Identity

Project
Limousine Butte
Commodity
antimony
Region
usa_nv
Reported Region
Nevada
Ticker
NAU

Resource scope

Estimate type
resource
Effective date
2026-07-15T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Gregory Z. Mosher, Daniel W. Kappes, Greg French
Resource group id
resource:70e17e4d94331f4126e3
Deposit or zone
Total Inferred
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

Review

Needs Review
No
Historical
No

Dates

Event date
2026-08-31T00:00:00.000Z

Reasoning: This represents the Inferred antimony resource at a 0.15 g/t AuEq cut-off, part of the maiden MRE, indicating a substantial but lower-confidence resource.

Positive factors

  • Maiden Resource
  • QP/CP Signed
  • Cut-off Disclosed

Negative factors

  • Inferred Resource

Evidence · table

“0.06%”

Context: 221.9

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

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

Why it applies: reporting_standards includes ni_43_101

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.