# Results of Updated Mineral Resource and Reserves; Increases Consolidated M&I to 731koz Au and Inferred Resource to 653koz Au Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/results-of-updated-mineral-resource-and-reserves-increases-consolidated-m-i-to-7--6ed46c54-b50f-4787-9e68-3fddf8ca6642 Original source: https://money.tmx.com/en/quote/SBI/news/8224237614427887/results-of-updated-mineral-resource-and-reserves-increases-consolidated-m-i-to-7 Publisher: tmx Original announcement: 2026-04-28T06:00:00.000Z Analysis by Minestarters Atlas Atlas analysis published: Unknown date Atlas analysis updated: Unknown date - Company: Serabi Gold plc - Ticker: SBI - Exchange: TSX - Region: Para State, northern Brazil - Primary commodity: Gold - Secondary commodities: None reported - Document categories: Resource update - Extracted: 2026-09-12 22:59:23 UTC Narrative sentiment: 0.90 · Bullish ## Minestarters Atlas summary Serabi Gold has announced updated Mineral Reserve and Resource estimates for its Palito Complex and Coringa Mine, effective January 31, 2026. The company reported a significant 55% increase in Proven and Probable Reserves at the Palito Complex to 228.4 koz Au. Consolidated Measured and Indicated Resources increased by 29% to 730.8 koz Au, while Consolidated Inferred Resources grew by 50% to 653.3 koz Au, primarily driven by strong growth at the Coringa Mine. The estimates were prepared in accordance with NI 43-101 standards and signed off by Qualified Persons. Reasoning: Serabi Gold has reported a highly positive update to its Mineral Reserves and Resources, with substantial increases in both categories across its key projects, particularly driven by successful brownfield exploration at Coringa. The growth in Measured and Indicated resources significantly de-risks the projects and supports future development. - Positive factor: Significant increase in Proven and Probable Reserves at Palito Complex, demonstrating successful resource replenishment. - Positive factor: Substantial 29% increase in Consolidated Measured and Indicated Resources, enhancing geological confidence and project viability. - Positive factor: Large 50% increase in Consolidated Inferred Resources, indicating strong exploration potential. - Positive factor: Exceptional resource growth at Coringa Mine, a new mine with greater geological continuity. - Positive factor: All estimates are NI 43-101 compliant and signed off by Qualified Persons, ensuring high reporting standards. - Negative factor: São Chico Mine estimates remain unchanged since 2023, indicating no new data or updates for this specific asset. Facts used in scoring: 48 ## Classification and evidence **Proven Reserve** Polarity: positive Definition: Measured Resource with demonstrated economic viability after applying modifying factors. Why it applies: The document reports 653.2 kt at 6.7 g/t Au for 141.1 koz Au as Proven Reserves for the Palito Complex. Evidence · table > Proven Context: 653.2 **Probable Reserve** Polarity: positive Definition: Indicated Resource with demonstrated economic viability after applying modifying factors. Why it applies: The document reports 499.5 kt at 5.4 g/t Au for 87.3 koz Au as Probable Reserves for the Palito Complex. Evidence · table > Probable Context: 499.5 **Measured Resource** Polarity: positive Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves. Why it applies: The document reports 1,295.4 kt at 10.5 g/t Au for 436.4 koz Au as Measured Resources for the Consolidated Palito Complex & Coringa Mine. Evidence · table > Measured Context: 1,295.4 **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: The document reports 1,190.4 kt at 7.7 g/t Au for 294.4 koz Au as Indicated Resources for the Consolidated Palito Complex & Coringa Mine. Evidence · table > Indicated Context: 1,190.4 **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: The document reports 2,506.7 kt at 8.1 g/t Au for 653.3 koz Au as Inferred Resources for the Consolidated Palito Complex & Coringa Mine. Evidence · table > Inferred Context: 2,506.7 **Tonnage Growth** Polarity: positive Definition: Tonnage increase reaching the strong tier vs prior estimate, with grade maintained or improved. Why it applies: Consolidated Measured and Indicated Resources increased from 2,047,900 tonnes to 2,485,800 tonnes, and Consolidated Inferred Resources increased from 2,144,200 tonnes to 2,506,700 tonnes. Evidence · text > Consolidated Measured and Indicated \(“M&I”\) Resources of 730,800 ounces of contained gold \(2,485,800 tonnes @ 9.1 g/t Au\), a 29% increase compared to 567,400 ounces \(2,047,900 tonnes @ 8.6 g/t\) in March 2025 for Palito and April 2024 for Coringa. Consolidated Inferred Resources of 653,300 ounces \(2,506,700 tonnes @ 8.1 g/t Au\), a 50% increase compared to 434,700 ounces \(2,144,200 tonnes @ 6.3 g/t Au\) in March 2025 for Palito and April 2024 for Coringa. **Contained Metal Growth** Polarity: positive Definition: True scale improvement — contained metal ounces/tonnes increased vs prior, accounting for both tonnage and grade changes. Why it applies: Consolidated Measured and Indicated Resources increased by 29% to 730.8 koz Au, and Consolidated Inferred Resources increased by 50% to 653.3 koz Au. Evidence · text > Consolidated Measured and Indicated \(“M&I”\) Resources of 730,800 ounces of contained gold \(2,485,800 tonnes @ 9.1 g/t Au\), a 29% increase compared to 567,400 ounces \(2,047,900 tonnes @ 8.6 g/t\) in March 2025 for Palito and April 2024 for Coringa. Consolidated Inferred Resources of 653,300 ounces \(2,506,700 tonnes @ 8.1 g/t Au\), a 50% increase compared to 434,700 ounces \(2,144,200 tonnes @ 6.3 g/t Au\) in March 2025 for Palito and April 2024 for Coringa. **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: The Mineral Reserve and Resource estimates were audited and approved by Mr. Carlos Guzmán and Mr. Nicolas Fuster of NCL, who are Qualified Persons under NI 43-101. Evidence · text > The Mineral Reserve estimate for Palito Mine was prepared by Mr Carlos Guzman of NCL Ingeniería y Construcción SpA, who is a Qualified Person under the Canadian National Instrument 43-101. The Mineral Resource estimates for Palito Mine and Coringa Mine were prepared by Mr Carlos Guzman of NCL Ingeniería y Construcción SpA, who is a Qualified Person under the Canadian National Instrument 43-101. **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: The estimates were prepared in accordance with the standard of CIM and Canadian National Instrument 43-101. Evidence · text > prepared in accordance with the standard of CIM and Canadian National Instrument 43-101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: The document announces updated Mineral Reserve estimates and Mineral Resource estimates. Evidence · text > Results of Updated Mineral Resource and Reserves **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: São Chico Mineral Reserves and Resources remain unchanged since November 2023 and July 2023 respectively, indicating no new updates. Evidence · text > São Chico Mineral Reserves remain unchanged since November 2023 Technical Report ## Extracted facts Stored fact records: 48. Some facts used in scoring do not have a stored record. ## Resource Estimates (48) ### proven [Link to this fact](https://atlas-extractions.minestarters.com/news/results-of-updated-mineral-resource-and-reserves-increases-consolidated-m-i-to-7--6ed46c54-b50f-4787-9e68-3fddf8ca6642#fact-resource-facts-0) Palito Complex · gold #### Identity - Project: Palito Complex - Commodity: gold - Region: brazil - Reported Region: Para State, northern Brazil - Ticker: SBI #### Resource scope - Estimate type: reserve - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Carlos Guzman, Nicolas Fuster - Resource group id: resource:c081ffb1c69fb196fc03 - Deposit or zone: Palito - Ownership percent: 100 % - Resource basis: gross #### Resource Data - Category: proven - Tonnes: 607100 - Grade: 6.6 - Grade Unit: g/t - Contained Metal: 128.9 - Contained Unit: koz - Cutoff Grade: 3.19 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2026-01-31 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-04-28T00:00:00.000Z Reasoning: The Proven Reserve for Palito Mine shows a strong grade and significant contained gold, indicating high confidence and economic viability. - Positive factor: High confidence Proven Reserve category. - Positive factor: Strong grade for an underground gold deposit. - Positive factor: Significant contained metal. Evidence · table > 6.6 Context: 607.1 #### Tags used in scoring **Proven Reserve** Polarity: positive Definition: Measured Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "proven" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 ### probable [Link to this fact](https://atlas-extractions.minestarters.com/news/results-of-updated-mineral-resource-and-reserves-increases-consolidated-m-i-to-7--6ed46c54-b50f-4787-9e68-3fddf8ca6642#fact-resource-facts-1) Palito Complex · gold #### Identity - Project: Palito Complex - Commodity: gold - Region: brazil - Reported Region: Para State, northern Brazil - Ticker: SBI #### Resource scope - Estimate type: reserve - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Carlos Guzman, Nicolas Fuster - Resource group id: resource:9753dcbc1690ca006a89 - Deposit or zone: Palito - Ownership percent: 100 % - Resource basis: gross #### Resource Data - Category: probable - Tonnes: 485400 - Grade: 5.4 - Grade Unit: g/t - Contained Metal: 83.8 - Contained Unit: koz - Cutoff Grade: 3.19 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2026-01-31 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-04-28T00:00:00.000Z Reasoning: The Probable Reserve for Palito Mine contributes significantly to the overall reserve base with a good grade and contained gold, supporting future mine planning. - Positive factor: Probable Reserve category indicates good confidence. - Positive factor: Solid grade for an underground gold deposit. - Positive factor: Meaningful contained metal. Evidence · table > 5.4 Context: 485.4 #### Tags used in scoring **Probable Reserve** Polarity: positive Definition: Indicated Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "probable" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 ### proven [Link to this fact](https://atlas-extractions.minestarters.com/news/results-of-updated-mineral-resource-and-reserves-increases-consolidated-m-i-to-7--6ed46c54-b50f-4787-9e68-3fddf8ca6642#fact-resource-facts-2) Palito Complex · gold Historical result Needs review: historical\_restatement #### Identity - Project: Palito Complex - Commodity: gold - Region: brazil - Reported Region: Para State, northern Brazil - Ticker: SBI #### Resource scope - Estimate type: reserve - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Carlos Guzman, Nicolas Fuster - Resource group id: resource:b5dca3fc761a9e4fed2e - Deposit or zone: São Chico - Ownership percent: 100 % - Resource basis: gross #### Resource Data - Category: proven - Tonnes: 46100 - Grade: 8.2 - Grade Unit: g/t - Contained Metal: 12.2 - Contained Unit: koz - Cutoff Grade: 4 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2026-01-31 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2023-11-01T00:00:00.000Z #### Dates - Event date: 2026-04-28T00:00:00.000Z Reasoning: The São Chico Proven Reserve is high-grade but represents stale data, as it has not been updated since November 2023. - Positive factor: High-grade Proven Reserve. - Negative factor: São Chico Mineral Reserves remain unchanged since November 2023, indicating no new updates. Evidence · table > 8.2 Context: 46.1 #### Tags used in scoring **Proven Reserve** Polarity: positive Definition: Measured Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "proven" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 ### probable [Link to this fact](https://atlas-extractions.minestarters.com/news/results-of-updated-mineral-resource-and-reserves-increases-consolidated-m-i-to-7--6ed46c54-b50f-4787-9e68-3fddf8ca6642#fact-resource-facts-3) Palito Complex · gold Historical result Needs review: historical\_restatement #### Identity - Project: Palito Complex - Commodity: gold - Region: brazil - Reported Region: Para State, northern Brazil - Ticker: SBI #### Resource scope - Estimate type: reserve - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Carlos Guzman, Nicolas Fuster - Resource group id: resource:c7f522e9a2dca8943296 - Deposit or zone: São Chico - Ownership percent: 100 % - Resource basis: gross #### Resource Data - Category: probable - Tonnes: 14100 - Grade: 7.7 - Grade Unit: g/t - Contained Metal: 3.5 - Contained Unit: koz - Cutoff Grade: 4 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2026-01-31 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2023-11-01T00:00:00.000Z #### Dates - Event date: 2026-04-28T00:00:00.000Z Reasoning: The São Chico Probable Reserve is high-grade but represents stale data, as it has not been updated since November 2023. - Positive factor: Good grade for a Probable Reserve. - Negative factor: São Chico Mineral Reserves remain unchanged since November 2023, indicating no new updates. Evidence · table > 7.7 Context: 14.1 #### Tags used in scoring **Probable Reserve** Polarity: positive Definition: Indicated Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "probable" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 ### proven [Link to this fact](https://atlas-extractions.minestarters.com/news/results-of-updated-mineral-resource-and-reserves-increases-consolidated-m-i-to-7--6ed46c54-b50f-4787-9e68-3fddf8ca6642#fact-resource-facts-4) Palito Complex · gold #### Identity - Project: Palito Complex - Commodity: gold - Region: brazil - Reported Region: Para State, northern Brazil - Ticker: SBI #### Resource scope - Estimate type: reserve - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Carlos Guzman, Nicolas Fuster - Resource group id: resource:8e9cbc25b06907f80333 - Deposit or zone: Combined - Ownership percent: 100 % - Resource basis: gross #### Resource Data - Category: proven - Tonnes: 653200 - Grade: 6.7 - Grade Unit: g/t - Contained Metal: 141.1 - Contained Unit: koz #### Prior Estimate - Resource Date: 2026-01-31 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-04-28T00:00:00.000Z Reasoning: The combined Proven Reserve for the Palito Complex shows a strong grade and significant contained gold, indicating high confidence and economic viability. - Positive factor: High confidence Proven Reserve category. - Positive factor: Strong grade for an underground gold deposit. - Positive factor: Significant contained metal. Evidence · table > 6.7 Context: 653.2 #### Tags used in scoring **Proven Reserve** Polarity: positive Definition: Measured Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "proven" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 ### probable [Link to this fact](https://atlas-extractions.minestarters.com/news/results-of-updated-mineral-resource-and-reserves-increases-consolidated-m-i-to-7--6ed46c54-b50f-4787-9e68-3fddf8ca6642#fact-resource-facts-5) Palito Complex · gold #### Identity - Project: Palito Complex - Commodity: gold - Region: brazil - Reported Region: Para State, northern Brazil - Ticker: SBI #### Resource scope - Estimate type: reserve - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Carlos Guzman, Nicolas Fuster - Resource group id: resource:59c3e5192e08adbb345e - Deposit or zone: Combined - Ownership percent: 100 % - Resource basis: gross #### Resource Data - Category: probable - Tonnes: 499500 - Grade: 5.4 - Grade Unit: g/t - Contained Metal: 87.3 - Contained Unit: koz #### Prior Estimate - Resource Date: 2026-01-31 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-04-28T00:00:00.000Z Reasoning: The combined Probable Reserve for the Palito Complex contributes significantly to the overall reserve base with a good grade and contained gold, supporting future mine planning. - Positive factor: Probable Reserve category indicates good confidence. - Positive factor: Solid grade for an underground gold deposit. - Positive factor: Meaningful contained metal. Evidence · table > 5.4 Context: 499.5 #### Tags used in scoring **Probable Reserve** Polarity: positive Definition: Indicated Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "probable" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 ### measured [Link to this fact](https://atlas-extractions.minestarters.com/news/results-of-updated-mineral-resource-and-reserves-increases-consolidated-m-i-to-7--6ed46c54-b50f-4787-9e68-3fddf8ca6642#fact-resource-facts-6) Palito Mine · gold #### Identity - Project: Palito Mine - Commodity: gold - Region: brazil - Reported Region: Para State, northern Brazil - Ticker: SBI #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Carlos Guzman, Nicolas Fuster - Resource group id: resource:beed9a1d2d680889b525 - Ownership percent: 100 % - Resource basis: gross #### Resource Data - Category: measured - Tonnes: 814800 - Grade: 10.5 - Grade Unit: g/t - Contained Metal: 275.1 - Contained Unit: koz - Cutoff Grade: 2.73 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2026-01-31 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-04-28T00:00:00.000Z Reasoning: The Palito Mine Measured Resource shows exceptional grade and contained gold, indicating high confidence and strong economic potential. - Positive factor: Exceptional grade for a Measured Resource. - Positive factor: High confidence category, supporting detailed mine planning. - Positive factor: Significant contained gold. Evidence · table > 10.5 Context: 814.8 #### Tags used in scoring **Measured Resource** Polarity: positive Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves. Why it applies: category is "measured" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/results-of-updated-mineral-resource-and-reserves-increases-consolidated-m-i-to-7--6ed46c54-b50f-4787-9e68-3fddf8ca6642#fact-resource-facts-7) Palito Mine · gold #### Identity - Project: Palito Mine - Commodity: gold - Region: brazil - Reported Region: Para State, northern Brazil - Ticker: SBI #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Carlos Guzman, Nicolas Fuster - Resource group id: resource:35976cadd0a0f9e5c656 - Ownership percent: 100 % - Resource basis: gross #### Resource Data - Category: indicated - Tonnes: 459800 - Grade: 7.7 - Grade Unit: g/t - Contained Metal: 113.5 - Contained Unit: koz - Cutoff Grade: 2.73 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2026-01-31 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-04-28T00:00:00.000Z Reasoning: The Palito Mine Indicated Resource provides a solid base with good grade and contained gold, supporting further economic evaluation. - Positive factor: Strong grade for an Indicated Resource. - Positive factor: Good confidence category, supporting mine planning. - Positive factor: Meaningful contained gold. Evidence · table > 7.7 Context: 459.8 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/results-of-updated-mineral-resource-and-reserves-increases-consolidated-m-i-to-7--6ed46c54-b50f-4787-9e68-3fddf8ca6642#fact-resource-facts-8) Palito Mine · gold #### Identity - Project: Palito Mine - Commodity: gold - Region: brazil - Reported Region: Para State, northern Brazil - Ticker: SBI #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Carlos Guzman, Nicolas Fuster - Resource group id: resource:5096f0db615d5278061a - Ownership percent: 100 % - Resource basis: gross #### Resource Data - Category: indicated - Tonnes: 1274600 - Grade: 9.5 - Grade Unit: g/t - Contained Metal: 388.6 - Contained Unit: koz - Cutoff Grade: 2.73 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2026-01-31 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-04-28T00:00:00.000Z Reasoning: The combined Measured and Indicated Resource for Palito Mine represents a significant and high-confidence gold inventory. - Positive factor: High-grade Measured and Indicated Resource. - Positive factor: Combined category provides strong confidence for economic studies. - Positive factor: Substantial contained gold. Evidence · table > 9.5 Context: 1,274.6 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/results-of-updated-mineral-resource-and-reserves-increases-consolidated-m-i-to-7--6ed46c54-b50f-4787-9e68-3fddf8ca6642#fact-resource-facts-9) Palito Mine · gold #### Identity - Project: Palito Mine - Commodity: gold - Region: brazil - Reported Region: Para State, northern Brazil - Ticker: SBI #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Carlos Guzman, Nicolas Fuster - Resource group id: resource:92adcc59c5c39d32bf1c - Ownership percent: 100 % - Resource basis: gross #### Resource Data - Category: inferred - Tonnes: 743800 - Grade: 6.5 - Grade Unit: g/t - Contained Metal: 156.6 - Contained Unit: koz - Cutoff Grade: 2.73 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2026-01-31 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-04-28T00:00:00.000Z Reasoning: The Palito Mine Inferred Resource shows good grade and contained gold, representing significant exploration upside despite lower confidence. - Positive factor: Good grade for an Inferred Resource. - Positive factor: Significant contained gold, indicating future potential. - Negative factor: Inferred category has lower geological confidence. Evidence · table > 6.5 Context: 743.8 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 ### measured [Link to this fact](https://atlas-extractions.minestarters.com/news/results-of-updated-mineral-resource-and-reserves-increases-consolidated-m-i-to-7--6ed46c54-b50f-4787-9e68-3fddf8ca6642#fact-resource-facts-10) São Chico Mine · gold Historical result Needs review: historical\_restatement #### Identity - Project: São Chico Mine - Commodity: gold - Region: brazil - Reported Region: Para State, northern Brazil - Ticker: SBI #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Carlos Guzman, Nicolas Fuster - Resource group id: resource:56f38f19069aa75ae575 - Ownership percent: 100 % - Resource basis: gross #### Resource Data - Category: measured - Tonnes: 122500 - Grade: 8.1 - Grade Unit: g/t - Contained Metal: 31.9 - Contained Unit: koz - Cutoff Grade: 3.32 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2023-07-31 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2023-07-31T00:00:00.000Z #### Dates - Event date: 2026-04-28T00:00:00.000Z Reasoning: The São Chico Measured Resource is high-grade but lacks novelty as it has not been updated since July 2023. - Positive factor: High-grade Measured Resource. - Negative factor: Estimate is stale, unchanged since July 2023. Evidence · table > 8.1 Context: 122.5 #### Tags used in scoring **Measured Resource** Polarity: positive Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves. Why it applies: category is "measured" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 2.7 years before this release ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/results-of-updated-mineral-resource-and-reserves-increases-consolidated-m-i-to-7--6ed46c54-b50f-4787-9e68-3fddf8ca6642#fact-resource-facts-11) São Chico Mine · gold Historical result Needs review: historical\_restatement #### Identity - Project: São Chico Mine - Commodity: gold - Region: brazil - Reported Region: Para State, northern Brazil - Ticker: SBI #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Carlos Guzman, Nicolas Fuster - Resource group id: resource:e32efebb23abfe1ab06e - Ownership percent: 100 % - Resource basis: gross #### Resource Data - Category: indicated - Tonnes: 28500 - Grade: 7.1 - Grade Unit: g/t - Contained Metal: 6.5 - Contained Unit: koz - Cutoff Grade: 3.32 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2023-07-31 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2023-07-31T00:00:00.000Z #### Dates - Event date: 2026-04-28T00:00:00.000Z Reasoning: The São Chico Indicated Resource is good grade but lacks novelty as it has not been updated since July 2023. - Positive factor: Good grade for an Indicated Resource. - Negative factor: Estimate is stale, unchanged since July 2023. Evidence · table > 7.1 Context: 28.5 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 2.7 years before this release ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/results-of-updated-mineral-resource-and-reserves-increases-consolidated-m-i-to-7--6ed46c54-b50f-4787-9e68-3fddf8ca6642#fact-resource-facts-12) São Chico Mine · gold Historical result Needs review: historical\_restatement #### Identity - Project: São Chico Mine - Commodity: gold - Region: brazil - Reported Region: Para State, northern Brazil - Ticker: SBI #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Carlos Guzman, Nicolas Fuster - Resource group id: resource:55a0b6944a706763164e - Ownership percent: 100 % - Resource basis: gross #### Resource Data - Category: indicated - Tonnes: 150900 - Grade: 7.9 - Grade Unit: g/t - Contained Metal: 38.4 - Contained Unit: koz - Cutoff Grade: 3.32 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2023-07-31 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2023-07-31T00:00:00.000Z #### Dates - Event date: 2026-04-28T00:00:00.000Z Reasoning: The combined Measured and Indicated Resource for São Chico is good grade but lacks novelty as it has not been updated since July 2023. - Positive factor: Good grade for a combined Measured and Indicated Resource. - Negative factor: Estimate is stale, unchanged since July 2023. Evidence · table > 7.9 Context: 150.9 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 2.7 years before this release ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/results-of-updated-mineral-resource-and-reserves-increases-consolidated-m-i-to-7--6ed46c54-b50f-4787-9e68-3fddf8ca6642#fact-resource-facts-13) São Chico Mine · gold Historical result Needs review: historical\_restatement #### Identity - Project: São Chico Mine - Commodity: gold - Region: brazil - Reported Region: Para State, northern Brazil - Ticker: SBI #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Carlos Guzman, Nicolas Fuster - Resource group id: resource:f949adace11a0d9c8c38 - Ownership percent: 100 % - Resource basis: gross #### Resource Data - Category: inferred - Tonnes: 8200 - Grade: 6.5 - Grade Unit: g/t - Contained Metal: 1.7 - Contained Unit: koz - Cutoff Grade: 3.32 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2023-07-31 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2023-07-31T00:00:00.000Z #### Dates - Event date: 2026-04-28T00:00:00.000Z Reasoning: The São Chico Inferred Resource is good grade but represents stale data with lower confidence, as it has not been updated since July 2023. - Positive factor: Good grade for an Inferred Resource. - Negative factor: Estimate is stale, unchanged since July 2023. - Negative factor: Inferred category has lower geological confidence. Evidence · table > 6.5 Context: 8.2 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 2.7 years before this release ### measured [Link to this fact](https://atlas-extractions.minestarters.com/news/results-of-updated-mineral-resource-and-reserves-increases-consolidated-m-i-to-7--6ed46c54-b50f-4787-9e68-3fddf8ca6642#fact-resource-facts-14) Palito Complex \(Palito & São Chico Mines\) · gold #### Identity - Project: Palito Complex \(Palito & São Chico Mines\) - Commodity: gold - Region: brazil - Reported Region: Para State, northern Brazil - Ticker: SBI #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Carlos Guzman, Nicolas Fuster - Resource group id: resource:d4c11dbbe20cfb707226 - Ownership percent: 100 % - Resource basis: gross #### Resource Data - Category: measured - Tonnes: 937700 - Grade: 10.2 - Grade Unit: g/t - Contained Metal: 307 - Contained Unit: koz - Cutoff Grade: 2.73 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2026-01-31 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-04-28T00:00:00.000Z Reasoning: The Palito Complex Measured Resource shows exceptional grade and contained gold, indicating high confidence and strong economic potential. - Positive factor: Exceptional grade for a Measured Resource. - Positive factor: High confidence category, supporting detailed mine planning. - Positive factor: Significant contained gold. Evidence · table > 10.2 Context: 937.7 #### Tags used in scoring **Measured Resource** Polarity: positive Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves. Why it applies: category is "measured" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/results-of-updated-mineral-resource-and-reserves-increases-consolidated-m-i-to-7--6ed46c54-b50f-4787-9e68-3fddf8ca6642#fact-resource-facts-15) Palito Complex \(Palito & São Chico Mines\) · gold #### Identity - Project: Palito Complex \(Palito & São Chico Mines\) - Commodity: gold - Region: brazil - Reported Region: Para State, northern Brazil - Ticker: SBI #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Carlos Guzman, Nicolas Fuster - Resource group id: resource:529e72aaef674ca4e94e - Ownership percent: 100 % - Resource basis: gross #### Resource Data - Category: indicated - Tonnes: 488300 - Grade: 7.6 - Grade Unit: g/t - Contained Metal: 120 - Contained Unit: koz - Cutoff Grade: 2.73 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2026-01-31 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-04-28T00:00:00.000Z Reasoning: The Palito Complex Indicated Resource provides a solid base with good grade and contained gold, supporting further economic evaluation. - Positive factor: Strong grade for an Indicated Resource. - Positive factor: Good confidence category, supporting mine planning. - Positive factor: Meaningful contained gold. Evidence · table > 7.6 Context: 488.3 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/results-of-updated-mineral-resource-and-reserves-increases-consolidated-m-i-to-7--6ed46c54-b50f-4787-9e68-3fddf8ca6642#fact-resource-facts-16) Palito Complex \(Palito & São Chico Mines\) · gold #### Identity - Project: Palito Complex \(Palito & São Chico Mines\) - Commodity: gold - Region: brazil - Reported Region: Para State, northern Brazil - Ticker: SBI #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Carlos Guzman, Nicolas Fuster - Resource group id: resource:0a64078cd7e3ce0847aa - Ownership percent: 100 % - Resource basis: gross #### Resource Data - Category: indicated - Tonnes: 1425500 - Grade: 9.3 - Grade Unit: g/t - Contained Metal: 427 - Contained Unit: koz - Cutoff Grade: 2.73 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2026-01-31 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-04-28T00:00:00.000Z Reasoning: The combined Measured and Indicated Resource for Palito Complex represents a significant and high-confidence gold inventory. - Positive factor: High-grade Measured and Indicated Resource. - Positive factor: Combined category provides strong confidence for economic studies. - Positive factor: Substantial contained gold. Evidence · table > 9.3 Context: 1,425.5 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/results-of-updated-mineral-resource-and-reserves-increases-consolidated-m-i-to-7--6ed46c54-b50f-4787-9e68-3fddf8ca6642#fact-resource-facts-17) Palito Complex \(Palito & São Chico Mines\) · gold #### Identity - Project: Palito Complex \(Palito & São Chico Mines\) - Commodity: gold - Region: brazil - Reported Region: Para State, northern Brazil - Ticker: SBI #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Carlos Guzman, Nicolas Fuster - Resource group id: resource:776c9a712ba68e64e07b - Ownership percent: 100 % - Resource basis: gross #### Resource Data - Category: inferred - Tonnes: 752000 - Grade: 6.6 - Grade Unit: g/t - Contained Metal: 158.3 - Contained Unit: koz - Cutoff Grade: 2.73 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2026-01-31 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-04-28T00:00:00.000Z Reasoning: The Palito Complex Inferred Resource shows good grade and contained gold, representing significant exploration upside despite lower confidence. - Positive factor: Good grade for an Inferred Resource. - Positive factor: Significant contained gold, indicating future potential. - Negative factor: Inferred category has lower geological confidence. Evidence · table > 6.6 Context: 752.0 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 ### measured [Link to this fact](https://atlas-extractions.minestarters.com/news/results-of-updated-mineral-resource-and-reserves-increases-consolidated-m-i-to-7--6ed46c54-b50f-4787-9e68-3fddf8ca6642#fact-resource-facts-18) Coringa Mine · gold #### Identity - Project: Coringa Mine - Commodity: gold - Region: brazil - Reported Region: Para State, northern Brazil - Ticker: SBI #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Carlos Guzman, Nicolas Fuster - Resource group id: resource:39b47ff31415d856c44b - Ownership percent: 100 % - Resource basis: gross #### Resource Data - Category: measured - Tonnes: 358200 - Grade: 11.2 - Grade Unit: g/t - Contained Metal: 129.4 - Contained Unit: koz - Cutoff Grade: 1.94 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2026-01-31 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-04-28T00:00:00.000Z Reasoning: The Coringa Mine Measured Resource shows exceptional grade and contained gold, indicating high confidence and strong economic potential for this new mine. - Positive factor: Exceptional grade for a Measured Resource. - Positive factor: High confidence category, supporting detailed mine planning. - Positive factor: Significant contained gold. Evidence · table > 11.2 Context: 358.2 #### Tags used in scoring **Measured Resource** Polarity: positive Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves. Why it applies: category is "measured" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/results-of-updated-mineral-resource-and-reserves-increases-consolidated-m-i-to-7--6ed46c54-b50f-4787-9e68-3fddf8ca6642#fact-resource-facts-19) Coringa Mine · gold #### Identity - Project: Coringa Mine - Commodity: gold - Region: brazil - Reported Region: Para State, northern Brazil - Ticker: SBI #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Carlos Guzman, Nicolas Fuster - Resource group id: resource:86400670f20fa9145ab4 - Ownership percent: 100 % - Resource basis: gross #### Resource Data - Category: indicated - Tonnes: 702100 - Grade: 7.7 - Grade Unit: g/t - Contained Metal: 174.4 - Contained Unit: koz - Cutoff Grade: 1.94 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2026-01-31 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-04-28T00:00:00.000Z Reasoning: The Coringa Mine Indicated Resource provides a solid base with good grade and contained gold, supporting further economic evaluation for this new mine. - Positive factor: Strong grade for an Indicated Resource. - Positive factor: Good confidence category, supporting mine planning. - Positive factor: Meaningful contained gold. Evidence · table > 7.7 Context: 702.1 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/results-of-updated-mineral-resource-and-reserves-increases-consolidated-m-i-to-7--6ed46c54-b50f-4787-9e68-3fddf8ca6642#fact-resource-facts-20) Coringa Mine · gold #### Identity - Project: Coringa Mine - Commodity: gold - Region: brazil - Reported Region: Para State, northern Brazil - Ticker: SBI #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Carlos Guzman, Nicolas Fuster - Resource group id: resource:d791d04f760f9c99835b - Ownership percent: 100 % - Resource basis: gross #### Resource Data - Category: indicated - Tonnes: 1060300 - Grade: 8.9 - Grade Unit: g/t - Contained Metal: 303.8 - Contained Unit: koz - Cutoff Grade: 1.94 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2026-01-31 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-04-28T00:00:00.000Z Reasoning: The combined Measured and Indicated Resource for Coringa Mine represents a significant and high-confidence gold inventory, highlighting its potential. - Positive factor: High-grade Measured and Indicated Resource. - Positive factor: Combined category provides strong confidence for economic studies. - Positive factor: Substantial contained gold. Evidence · table > 8.9 Context: 1,060.3 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/results-of-updated-mineral-resource-and-reserves-increases-consolidated-m-i-to-7--6ed46c54-b50f-4787-9e68-3fddf8ca6642#fact-resource-facts-21) Coringa Mine · gold #### Identity - Project: Coringa Mine - Commodity: gold - Region: brazil - Reported Region: Para State, northern Brazil - Ticker: SBI #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Carlos Guzman, Nicolas Fuster - Resource group id: resource:770922d12ab29c47f8b6 - Ownership percent: 100 % - Resource basis: gross #### Resource Data - Category: inferred - Tonnes: 1754700 - Grade: 8.8 - Grade Unit: g/t - Contained Metal: 495 - Contained Unit: koz - Cutoff Grade: 1.94 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2026-01-31 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-04-28T00:00:00.000Z Reasoning: The Coringa Mine Inferred Resource shows a very strong grade and substantial contained gold, representing significant exploration upside despite lower confidence. - Positive factor: Very strong grade for an Inferred Resource. - Positive factor: Significant contained gold, indicating substantial future potential. - Negative factor: Inferred category has lower geological confidence. Evidence · table > 8.8 Context: 1,754.7 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 ### measured [Link to this fact](https://atlas-extractions.minestarters.com/news/results-of-updated-mineral-resource-and-reserves-increases-consolidated-m-i-to-7--6ed46c54-b50f-4787-9e68-3fddf8ca6642#fact-resource-facts-22) Consolidated \(Palito Complex & Coringa Mine\) · gold #### Identity - Project: Consolidated \(Palito Complex & Coringa Mine\) - Commodity: gold - Region: brazil - Reported Region: Para State, northern Brazil - Ticker: SBI #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Carlos Guzman, Nicolas Fuster - Resource group id: resource:2da0c1e5f6b341fee1e1 - Ownership percent: 100 % - Resource basis: gross #### Resource Data - Category: measured - Tonnes: 1295400 - Grade: 10.5 - Grade Unit: g/t - Contained Metal: 436.4 - Contained Unit: koz #### Prior Estimate - Resource Date: 2026-01-31 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-04-28T00:00:00.000Z Reasoning: The consolidated Measured Resource shows exceptional grade and contained gold, indicating high confidence and strong economic potential across the company's assets. - Positive factor: Exceptional grade for a Measured Resource. - Positive factor: High confidence category, supporting detailed mine planning. - Positive factor: Significant contained gold. Evidence · table > 10.5 Context: 1,295.4 #### Tags used in scoring **Measured Resource** Polarity: positive Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves. Why it applies: category is "measured" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/results-of-updated-mineral-resource-and-reserves-increases-consolidated-m-i-to-7--6ed46c54-b50f-4787-9e68-3fddf8ca6642#fact-resource-facts-23) Consolidated \(Palito Complex & Coringa Mine\) · gold #### Identity - Project: Consolidated \(Palito Complex & Coringa Mine\) - Commodity: gold - Region: brazil - Reported Region: Para State, northern Brazil - Ticker: SBI #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Carlos Guzman, Nicolas Fuster - Resource group id: resource:1ca580b0c00b0edb1949 - Ownership percent: 100 % - Resource basis: gross #### Resource Data - Category: indicated - Tonnes: 1190400 - Grade: 7.7 - Grade Unit: g/t - Contained Metal: 294.4 - Contained Unit: koz #### Prior Estimate - Resource Date: 2026-01-31 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-04-28T00:00:00.000Z Reasoning: The consolidated Indicated Resource provides a solid base with good grade and contained gold, supporting further economic evaluation across the company's assets. - Positive factor: Strong grade for an Indicated Resource. - Positive factor: Good confidence category, supporting mine planning. - Positive factor: Meaningful contained gold. Evidence · table > 7.7 Context: 1,190.4 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/results-of-updated-mineral-resource-and-reserves-increases-consolidated-m-i-to-7--6ed46c54-b50f-4787-9e68-3fddf8ca6642#fact-resource-facts-24) Consolidated \(Palito Complex & Coringa Mine\) · gold #### Identity - Project: Consolidated \(Palito Complex & Coringa Mine\) - Commodity: gold - Region: brazil - Reported Region: Para State, northern Brazil - Ticker: SBI #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Carlos Guzman, Nicolas Fuster - Resource group id: resource:482994ec2d5bc8268ad2 - Ownership percent: 100 % - Resource basis: gross #### Resource Data - Category: indicated - Tonnes: 2485800 - Grade: 9.1 - Grade Unit: g/t - Contained Metal: 730.8 - Contained Unit: koz #### Prior Estimate - Resource Date: 2026-01-31 - Prior Tonnes: 2047900 - Prior Grade: 8.6 - Prior Contained Metal: 567.4 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-04-28T00:00:00.000Z Reasoning: The consolidated Measured and Indicated Resource represents a significant and high-confidence gold inventory, showing substantial growth from the prior estimate. - Positive factor: High-grade Measured and Indicated Resource. - Positive factor: Combined category provides strong confidence for economic studies. - Positive factor: Substantial contained gold. - Positive factor: Significant increase \(29%\) in contained metal from prior estimate. Evidence · table > 9.1 Context: 2,485.8 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Tonnage Growth** Polarity: positive Definition: Tonnage increase reaching the strong tier vs prior estimate, with grade maintained or improved. Why it applies: 2485800 against 2047900 previously **Grade Improvement** Polarity: positive Definition: Average resource grade improved vs prior estimate — better deposit economics. Why it applies: 9.1 against 8.6 previously **Contained Metal Growth** Polarity: positive Definition: True scale improvement — contained metal ounces/tonnes increased vs prior, accounting for both tonnage and grade changes. Why it applies: 730.8 against 567.4 previously ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/results-of-updated-mineral-resource-and-reserves-increases-consolidated-m-i-to-7--6ed46c54-b50f-4787-9e68-3fddf8ca6642#fact-resource-facts-25) Consolidated \(Palito Complex & Coringa Mine\) · gold #### Identity - Project: Consolidated \(Palito Complex & Coringa Mine\) - Commodity: gold - Region: brazil - Reported Region: Para State, northern Brazil - Ticker: SBI #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Carlos Guzman, Nicolas Fuster - Resource group id: resource:a0ecb26e6515af6b8e8e - Ownership percent: 100 % - Resource basis: gross #### Resource Data - Category: inferred - Tonnes: 2506700 - Grade: 8.1 - Grade Unit: g/t - Contained Metal: 653.3 - Contained Unit: koz #### Prior Estimate - Resource Date: 2026-01-31 - Prior Tonnes: 2144200 - Prior Grade: 6.3 - Prior Contained Metal: 434.7 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-04-28T00:00:00.000Z Reasoning: The consolidated Inferred Resource shows a very strong grade and substantial contained gold, representing significant exploration upside and growth from the prior estimate. - Positive factor: Very strong grade for an Inferred Resource. - Positive factor: Significant contained gold, indicating substantial future potential. - Positive factor: Large increase \(50%\) in contained metal from prior estimate. - Negative factor: Inferred category has lower geological confidence. Evidence · table > 8.1 Context: 2,506.7 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Tonnage Growth** Polarity: positive Definition: Tonnage increase reaching the strong tier vs prior estimate, with grade maintained or improved. Why it applies: 2506700 against 2144200 previously **Grade Improvement** Polarity: positive Definition: Average resource grade improved vs prior estimate — better deposit economics. Why it applies: 8.1 against 6.3 previously **Contained Metal Growth** Polarity: positive Definition: True scale improvement — contained metal ounces/tonnes increased vs prior, accounting for both tonnage and grade changes. Why it applies: 653.3 against 434.7 previously ### proven [Link to this fact](https://atlas-extractions.minestarters.com/news/results-of-updated-mineral-resource-and-reserves-increases-consolidated-m-i-to-7--6ed46c54-b50f-4787-9e68-3fddf8ca6642#fact-resource-facts-26) Palito Mine · gold #### Identity - Project: Palito Mine - Commodity: gold - Region: brazil - Reported Region: Para State, northern Brazil - Ticker: SBI #### Resource scope - Estimate type: reserve - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Carlos Guzman, Nicolas Fuster - Resource group id: resource:8f6ef80eef68ad0c941b - Ownership percent: 100 % - Resource basis: gross #### Resource Data - Category: proven - Tonnes: 607000 - Grade: 6.6 - Grade Unit: g/t - Contained Metal: 129 - Contained Unit: koz #### Prior Estimate - Resource Date: 2026-01-31 - Prior Tonnes: 422000 - Prior Grade: 7.7 - Prior Contained Metal: 104 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-04-28T00:00:00.000Z Reasoning: The Palito Mine Proven Reserve shows strong growth in tonnage and contained metal, despite a minor grade decrease, indicating successful resource conversion. - Positive factor: Significant increase in Proven Reserve tonnage and contained metal. - Positive factor: High confidence category. - Negative factor: Slight decrease in grade compared to prior estimate. Evidence · table > 6.6 Context: 607 #### Tags used in scoring **Proven Reserve** Polarity: positive Definition: Measured Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "proven" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Tonnage Growth** Polarity: positive Definition: Tonnage increase reaching the strong tier vs prior estimate, with grade maintained or improved. Why it applies: 607000 against 422000 previously **Grade Decline** Polarity: negative Definition: Average grade fell below the red-flag bound vs prior estimate — deposit economics worsening. May indicate high-grading in early drilling. Why it applies: 6.6 against 7.7 previously **Contained Metal Growth** Polarity: positive Definition: True scale improvement — contained metal ounces/tonnes increased vs prior, accounting for both tonnage and grade changes. Why it applies: 129 against 104 previously ### probable [Link to this fact](https://atlas-extractions.minestarters.com/news/results-of-updated-mineral-resource-and-reserves-increases-consolidated-m-i-to-7--6ed46c54-b50f-4787-9e68-3fddf8ca6642#fact-resource-facts-27) Palito Mine · gold #### Identity - Project: Palito Mine - Commodity: gold - Region: brazil - Reported Region: Para State, northern Brazil - Ticker: SBI #### Resource scope - Estimate type: reserve - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Carlos Guzman, Nicolas Fuster - Resource group id: resource:b2bc87a7b8ccbcbd2381 - Ownership percent: 100 % - Resource basis: gross #### Resource Data - Category: probable - Tonnes: 485000 - Grade: 5.4 - Grade Unit: g/t - Contained Metal: 84 - Contained Unit: koz #### Prior Estimate - Resource Date: 2026-01-31 - Prior Tonnes: 224000 - Prior Grade: 6 - Prior Contained Metal: 43 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-04-28T00:00:00.000Z Reasoning: The Palito Mine Probable Reserve shows strong growth in tonnage and contained metal, despite a minor grade decrease, indicating successful resource conversion. - Positive factor: Significant increase in Probable Reserve tonnage and contained metal. - Positive factor: Good confidence category. - Negative factor: Slight decrease in grade compared to prior estimate. Evidence · table > 5.4 Context: 485 #### Tags used in scoring **Probable Reserve** Polarity: positive Definition: Indicated Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "probable" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Tonnage Growth** Polarity: positive Definition: Tonnage increase reaching the strong tier vs prior estimate, with grade maintained or improved. Why it applies: 485000 against 224000 previously **Grade Decline** Polarity: negative Definition: Average grade fell below the red-flag bound vs prior estimate — deposit economics worsening. May indicate high-grading in early drilling. Why it applies: 5.4 against 6 previously **Contained Metal Growth** Polarity: positive Definition: True scale improvement — contained metal ounces/tonnes increased vs prior, accounting for both tonnage and grade changes. Why it applies: 84 against 43 previously ### probable [Link to this fact](https://atlas-extractions.minestarters.com/news/results-of-updated-mineral-resource-and-reserves-increases-consolidated-m-i-to-7--6ed46c54-b50f-4787-9e68-3fddf8ca6642#fact-resource-facts-28) Palito Mine · gold #### Identity - Project: Palito Mine - Commodity: gold - Region: brazil - Reported Region: Para State, northern Brazil - Ticker: SBI #### Resource scope - Estimate type: reserve - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Carlos Guzman, Nicolas Fuster - Resource group id: resource:7e774a28b7c52b7fff56 - Ownership percent: 100 % - Resource basis: gross #### Resource Data - Category: probable - Tonnes: 1093000 - Grade: 6.1 - Grade Unit: g/t - Contained Metal: 213 - Contained Unit: koz #### Prior Estimate - Resource Date: 2026-01-31 - Prior Tonnes: 646000 - Prior Grade: 7.1 - Prior Contained Metal: 147 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-04-28T00:00:00.000Z Reasoning: The total Palito Mine Proven & Probable Reserves show substantial growth in contained metal, reinforcing the project's economic foundation despite a grade reduction. - Positive factor: Significant increase in total Proven & Probable Reserve tonnage and contained metal. - Positive factor: Overall strong reserve base. - Negative factor: Decrease in overall grade compared to prior estimate. Evidence · table > 6.1 Context: 1,093 #### Tags used in scoring **Probable Reserve** Polarity: positive Definition: Indicated Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "probable" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Tonnage Growth** Polarity: positive Definition: Tonnage increase reaching the strong tier vs prior estimate, with grade maintained or improved. Why it applies: 1093000 against 646000 previously **Grade Decline** Polarity: negative Definition: Average grade fell below the red-flag bound vs prior estimate — deposit economics worsening. May indicate high-grading in early drilling. Why it applies: 6.1 against 7.1 previously **Contained Metal Growth** Polarity: positive Definition: True scale improvement — contained metal ounces/tonnes increased vs prior, accounting for both tonnage and grade changes. Why it applies: 213 against 147 previously ### proven [Link to this fact](https://atlas-extractions.minestarters.com/news/results-of-updated-mineral-resource-and-reserves-increases-consolidated-m-i-to-7--6ed46c54-b50f-4787-9e68-3fddf8ca6642#fact-resource-facts-29) Palito Mine · gold Historical result Needs review: historical\_restatement #### Identity - Project: Palito Mine - Commodity: gold - Region: brazil - Reported Region: Para State, northern Brazil - Ticker: SBI #### Resource scope - Estimate type: reserve - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Carlos Guzman, Nicolas Fuster - Resource group id: resource:92461db47b81cb1e7a46 - Ownership percent: 100 % - Resource basis: gross #### Resource Data - Category: proven - Tonnes: 422000 - Grade: 7.7 - Grade Unit: g/t - Contained Metal: 104 - Contained Unit: koz #### Prior Estimate - Resource Date: 2025-03-30 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2025-03-30T00:00:00.000Z #### Dates - Event date: 2026-04-28T00:00:00.000Z Reasoning: This historical Proven Reserve for Palito Mine provides context for the current update but is no longer the most recent data. - Positive factor: High-grade Proven Reserve. - Negative factor: This is a historical estimate, superseded by the current update. Evidence · table > 7.7 Context: 422 #### Tags used in scoring **Proven Reserve** Polarity: positive Definition: Measured Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "proven" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 ### probable [Link to this fact](https://atlas-extractions.minestarters.com/news/results-of-updated-mineral-resource-and-reserves-increases-consolidated-m-i-to-7--6ed46c54-b50f-4787-9e68-3fddf8ca6642#fact-resource-facts-30) Palito Mine · gold Historical result Needs review: historical\_restatement #### Identity - Project: Palito Mine - Commodity: gold - Region: brazil - Reported Region: Para State, northern Brazil - Ticker: SBI #### Resource scope - Estimate type: reserve - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Carlos Guzman, Nicolas Fuster - Resource group id: resource:6d84df7bd53b91afc060 - Ownership percent: 100 % - Resource basis: gross #### Resource Data - Category: probable - Tonnes: 224000 - Grade: 6 - Grade Unit: g/t - Contained Metal: 43 - Contained Unit: koz #### Prior Estimate - Resource Date: 2025-03-30 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2025-03-30T00:00:00.000Z #### Dates - Event date: 2026-04-28T00:00:00.000Z Reasoning: This historical Probable Reserve for Palito Mine provides context for the current update but is no longer the most recent data. - Positive factor: Good grade for a Probable Reserve. - Negative factor: This is a historical estimate, superseded by the current update. Evidence · table > 6.0 Context: 224 #### Tags used in scoring **Probable Reserve** Polarity: positive Definition: Indicated Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "probable" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 ### probable [Link to this fact](https://atlas-extractions.minestarters.com/news/results-of-updated-mineral-resource-and-reserves-increases-consolidated-m-i-to-7--6ed46c54-b50f-4787-9e68-3fddf8ca6642#fact-resource-facts-31) Palito Mine · gold Historical result Needs review: historical\_restatement #### Identity - Project: Palito Mine - Commodity: gold - Region: brazil - Reported Region: Para State, northern Brazil - Ticker: SBI #### Resource scope - Estimate type: reserve - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Carlos Guzman, Nicolas Fuster - Resource group id: resource:feb0b4d1eb38e4c68741 - Ownership percent: 100 % - Resource basis: gross #### Resource Data - Category: probable - Tonnes: 646000 - Grade: 7.1 - Grade Unit: g/t - Contained Metal: 147 - Contained Unit: koz #### Prior Estimate - Resource Date: 2025-03-30 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2025-03-30T00:00:00.000Z #### Dates - Event date: 2026-04-28T00:00:00.000Z Reasoning: This historical combined Proven & Probable Reserve for Palito Mine provides context for the current update but is no longer the most recent data. - Positive factor: Good grade for a combined Proven & Probable Reserve. - Negative factor: This is a historical estimate, superseded by the current update. Evidence · table > 7.1 Context: 646 #### Tags used in scoring **Probable Reserve** Polarity: positive Definition: Indicated Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "probable" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 ### measured [Link to this fact](https://atlas-extractions.minestarters.com/news/results-of-updated-mineral-resource-and-reserves-increases-consolidated-m-i-to-7--6ed46c54-b50f-4787-9e68-3fddf8ca6642#fact-resource-facts-32) Palito Mine · gold #### Identity - Project: Palito Mine - Commodity: gold - Region: brazil - Reported Region: Para State, northern Brazil - Ticker: SBI #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Carlos Guzman, Nicolas Fuster - Resource group id: resource:eb2cd24f07c22120620d - Ownership percent: 100 % - Resource basis: gross #### Resource Data - Category: measured - Tonnes: 815000 - Grade: 10.5 - Grade Unit: g/t - Contained Metal: 275 - Contained Unit: koz #### Prior Estimate - Resource Date: 2026-01-31 - Prior Tonnes: 769000 - Prior Grade: 10.8 - Prior Contained Metal: 267 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-04-28T00:00:00.000Z Reasoning: The Palito Mine Measured Resource shows growth in tonnage and contained metal, maintaining an exceptional grade, indicating successful infill drilling and resource definition. - Positive factor: Increase in Measured Resource tonnage and contained metal. - Positive factor: High confidence category with exceptional grade. - Negative factor: Slight decrease in grade compared to prior estimate. Evidence · table > 10.5 Context: 815 #### Tags used in scoring **Measured Resource** Polarity: positive Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves. Why it applies: category is "measured" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Dilutive Growth** Polarity: negative Definition: Tonnage increased but contained metal flat or down — likely from lower cut-off grade, not geological expansion. Why it applies: tonnage rose while contained metal went 275 from 267 ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/results-of-updated-mineral-resource-and-reserves-increases-consolidated-m-i-to-7--6ed46c54-b50f-4787-9e68-3fddf8ca6642#fact-resource-facts-33) Palito Mine · gold #### Identity - Project: Palito Mine - Commodity: gold - Region: brazil - Reported Region: Para State, northern Brazil - Ticker: SBI #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Carlos Guzman, Nicolas Fuster - Resource group id: resource:ac979a4463983e2da0ef - Ownership percent: 100 % - Resource basis: gross #### Resource Data - Category: indicated - Tonnes: 460000 - Grade: 7.7 - Grade Unit: g/t - Contained Metal: 114 - Contained Unit: koz #### Prior Estimate - Resource Date: 2026-01-31 - Prior Tonnes: 333000 - Prior Grade: 7.7 - Prior Contained Metal: 83 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-04-28T00:00:00.000Z Reasoning: The Palito Mine Indicated Resource shows substantial growth in tonnage and contained metal while maintaining grade, indicating successful resource conversion and expansion. - Positive factor: Significant increase in Indicated Resource tonnage and contained metal. - Positive factor: Grade maintained at a strong level. - Positive factor: Good confidence category. Evidence · table > 7.7 Context: 460 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Tonnage Growth** Polarity: positive Definition: Tonnage increase reaching the strong tier vs prior estimate, with grade maintained or improved. Why it applies: 460000 against 333000 previously **Contained Metal Growth** Polarity: positive Definition: True scale improvement — contained metal ounces/tonnes increased vs prior, accounting for both tonnage and grade changes. Why it applies: 114 against 83 previously ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/results-of-updated-mineral-resource-and-reserves-increases-consolidated-m-i-to-7--6ed46c54-b50f-4787-9e68-3fddf8ca6642#fact-resource-facts-34) Palito Mine · gold #### Identity - Project: Palito Mine - Commodity: gold - Region: brazil - Reported Region: Para State, northern Brazil - Ticker: SBI #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Carlos Guzman, Nicolas Fuster - Resource group id: resource:2f1acf24309c78627439 - Ownership percent: 100 % - Resource basis: gross #### Resource Data - Category: indicated - Tonnes: 1275000 - Grade: 9.5 - Grade Unit: g/t - Contained Metal: 389 - Contained Unit: koz #### Prior Estimate - Resource Date: 2026-01-31 - Prior Tonnes: 1102000 - Prior Grade: 9.9 - Prior Contained Metal: 350 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-04-28T00:00:00.000Z Reasoning: The total Palito Mine Measured & Indicated Resources show substantial growth in contained metal, reinforcing the project's high-confidence inventory. - Positive factor: Significant increase in combined Measured & Indicated Resource tonnage and contained metal. - Positive factor: High-grade resource base. - Negative factor: Slight decrease in grade compared to prior estimate. Evidence · table > 9.5 Context: 1,275 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Tonnage Growth** Polarity: positive Definition: Tonnage increase reaching the strong tier vs prior estimate, with grade maintained or improved. Why it applies: 1275000 against 1102000 previously **Contained Metal Growth** Polarity: positive Definition: True scale improvement — contained metal ounces/tonnes increased vs prior, accounting for both tonnage and grade changes. Why it applies: 389 against 350 previously ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/results-of-updated-mineral-resource-and-reserves-increases-consolidated-m-i-to-7--6ed46c54-b50f-4787-9e68-3fddf8ca6642#fact-resource-facts-35) Palito Mine · gold #### Identity - Project: Palito Mine - Commodity: gold - Region: brazil - Reported Region: Para State, northern Brazil - Ticker: SBI #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Carlos Guzman, Nicolas Fuster - Resource group id: resource:3051e905d67c2bf8b1cd - Ownership percent: 100 % - Resource basis: gross #### Resource Data - Category: inferred - Tonnes: 744000 - Grade: 6.5 - Grade Unit: g/t - Contained Metal: 157 - Contained Unit: koz #### Prior Estimate - Resource Date: 2026-01-31 - Prior Tonnes: 682000 - Prior Grade: 7.4 - Prior Contained Metal: 162 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-04-28T00:00:00.000Z Reasoning: The Palito Mine Inferred Resource shows tonnage growth but a decrease in grade and contained metal, suggesting some dilution or re-evaluation of lower-grade material. - Positive factor: Increase in Inferred Resource tonnage. - Negative factor: Decrease in grade and contained metal compared to prior estimate. - Negative factor: Inferred category has lower geological confidence. Evidence · table > 6.5 Context: 744 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Grade Decline** Polarity: negative Definition: Average grade fell below the red-flag bound vs prior estimate — deposit economics worsening. May indicate high-grading in early drilling. Why it applies: 6.5 against 7.4 previously **Contained Metal Decline** Polarity: negative Definition: Contained metal decreased vs prior despite tonnage growth — grade dilution exceeds volume gain. Why it applies: 157 against 162 previously **Dilutive Growth** Polarity: negative Definition: Tonnage increased but contained metal flat or down — likely from lower cut-off grade, not geological expansion. Why it applies: tonnage rose while contained metal went 157 from 162 ### measured [Link to this fact](https://atlas-extractions.minestarters.com/news/results-of-updated-mineral-resource-and-reserves-increases-consolidated-m-i-to-7--6ed46c54-b50f-4787-9e68-3fddf8ca6642#fact-resource-facts-36) Palito Mine · gold Historical result Needs review: historical\_restatement #### Identity - Project: Palito Mine - Commodity: gold - Region: brazil - Reported Region: Para State, northern Brazil - Ticker: SBI #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Carlos Guzman, Nicolas Fuster - Resource group id: resource:8aa29e8adfa900166ecf - Ownership percent: 100 % - Resource basis: gross #### Resource Data - Category: measured - Tonnes: 769000 - Grade: 10.8 - Grade Unit: g/t - Contained Metal: 267 - Contained Unit: koz #### Prior Estimate - Resource Date: 2025-03-30 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2025-03-30T00:00:00.000Z #### Dates - Event date: 2026-04-28T00:00:00.000Z Reasoning: This historical Measured Resource for Palito Mine provides context for the current update but is no longer the most recent data. - Positive factor: Exceptional grade for a Measured Resource. - Negative factor: This is a historical estimate, superseded by the current update. Evidence · table > 10.8 Context: 769 #### Tags used in scoring **Measured Resource** Polarity: positive Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves. Why it applies: category is "measured" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/results-of-updated-mineral-resource-and-reserves-increases-consolidated-m-i-to-7--6ed46c54-b50f-4787-9e68-3fddf8ca6642#fact-resource-facts-37) Palito Mine · gold Historical result Needs review: historical\_restatement #### Identity - Project: Palito Mine - Commodity: gold - Region: brazil - Reported Region: Para State, northern Brazil - Ticker: SBI #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Carlos Guzman, Nicolas Fuster - Resource group id: resource:62e7cb7b76e4aaad4f2a - Ownership percent: 100 % - Resource basis: gross #### Resource Data - Category: indicated - Tonnes: 333000 - Grade: 7.7 - Grade Unit: g/t - Contained Metal: 83 - Contained Unit: koz #### Prior Estimate - Resource Date: 2025-03-30 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2025-03-30T00:00:00.000Z #### Dates - Event date: 2026-04-28T00:00:00.000Z Reasoning: This historical Indicated Resource for Palito Mine provides context for the current update but is no longer the most recent data. - Positive factor: Strong grade for an Indicated Resource. - Negative factor: This is a historical estimate, superseded by the current update. Evidence · table > 7.7 Context: 333 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/results-of-updated-mineral-resource-and-reserves-increases-consolidated-m-i-to-7--6ed46c54-b50f-4787-9e68-3fddf8ca6642#fact-resource-facts-38) Palito Mine · gold Historical result Needs review: historical\_restatement #### Identity - Project: Palito Mine - Commodity: gold - Region: brazil - Reported Region: Para State, northern Brazil - Ticker: SBI #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Carlos Guzman, Nicolas Fuster - Resource group id: resource:8f8a4ed7e5ca131defae - Ownership percent: 100 % - Resource basis: gross #### Resource Data - Category: indicated - Tonnes: 1102000 - Grade: 9.9 - Grade Unit: g/t - Contained Metal: 350 - Contained Unit: koz #### Prior Estimate - Resource Date: 2025-03-30 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2025-03-30T00:00:00.000Z #### Dates - Event date: 2026-04-28T00:00:00.000Z Reasoning: This historical combined Measured & Indicated Resource for Palito Mine provides context for the current update but is no longer the most recent data. - Positive factor: High-grade combined Measured & Indicated Resource. - Negative factor: This is a historical estimate, superseded by the current update. Evidence · table > 9.9 Context: 1,102 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/results-of-updated-mineral-resource-and-reserves-increases-consolidated-m-i-to-7--6ed46c54-b50f-4787-9e68-3fddf8ca6642#fact-resource-facts-39) Palito Mine · gold Historical result Needs review: historical\_restatement #### Identity - Project: Palito Mine - Commodity: gold - Region: brazil - Reported Region: Para State, northern Brazil - Ticker: SBI #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Carlos Guzman, Nicolas Fuster - Resource group id: resource:90cbd0fb311a9f4b56ae - Ownership percent: 100 % - Resource basis: gross #### Resource Data - Category: inferred - Tonnes: 682000 - Grade: 7.4 - Grade Unit: g/t - Contained Metal: 162 - Contained Unit: koz #### Prior Estimate - Resource Date: 2025-03-30 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2025-03-30T00:00:00.000Z #### Dates - Event date: 2026-04-28T00:00:00.000Z Reasoning: This historical Inferred Resource for Palito Mine provides context for the current update but is no longer the most recent data. - Positive factor: Good grade for an Inferred Resource. - Negative factor: This is a historical estimate, superseded by the current update. - Negative factor: Inferred category has lower geological confidence. Evidence · table > 7.4 Context: 682 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 ### measured [Link to this fact](https://atlas-extractions.minestarters.com/news/results-of-updated-mineral-resource-and-reserves-increases-consolidated-m-i-to-7--6ed46c54-b50f-4787-9e68-3fddf8ca6642#fact-resource-facts-40) Coringa Mine · gold #### Identity - Project: Coringa Mine - Commodity: gold - Region: brazil - Reported Region: Para State, northern Brazil - Ticker: SBI #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Carlos Guzman, Nicolas Fuster - Resource group id: resource:4fd529404db231653b54 - Ownership percent: 100 % - Resource basis: gross #### Resource Data - Category: measured - Tonnes: 358000 - Grade: 11.2 - Grade Unit: g/t - Contained Metal: 129 - Contained Unit: koz #### Prior Estimate - Resource Date: 2026-01-31 - Prior Tonnes: 172000 - Prior Grade: 9 - Prior Contained Metal: 49 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-04-28T00:00:00.000Z Reasoning: The Coringa Mine Measured Resource shows exceptional growth in tonnage, grade, and contained metal, highlighting successful resource definition and expansion. - Positive factor: Exceptional increase in Measured Resource tonnage and contained metal. - Positive factor: Significant grade improvement. - Positive factor: High confidence category. Evidence · table > 11.2 Context: 358 #### Tags used in scoring **Measured Resource** Polarity: positive Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves. Why it applies: category is "measured" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Tonnage Growth** Polarity: positive Definition: Tonnage increase reaching the strong tier vs prior estimate, with grade maintained or improved. Why it applies: 358000 against 172000 previously **Grade Improvement** Polarity: positive Definition: Average resource grade improved vs prior estimate — better deposit economics. Why it applies: 11.2 against 9 previously **Contained Metal Growth** Polarity: positive Definition: True scale improvement — contained metal ounces/tonnes increased vs prior, accounting for both tonnage and grade changes. Why it applies: 129 against 49 previously ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/results-of-updated-mineral-resource-and-reserves-increases-consolidated-m-i-to-7--6ed46c54-b50f-4787-9e68-3fddf8ca6642#fact-resource-facts-41) Coringa Mine · gold #### Identity - Project: Coringa Mine - Commodity: gold - Region: brazil - Reported Region: Para State, northern Brazil - Ticker: SBI #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Carlos Guzman, Nicolas Fuster - Resource group id: resource:baf88c5a0f1027d184c6 - Ownership percent: 100 % - Resource basis: gross #### Resource Data - Category: indicated - Tonnes: 702000 - Grade: 7.7 - Grade Unit: g/t - Contained Metal: 174 - Contained Unit: koz #### Prior Estimate - Resource Date: 2026-01-31 - Prior Tonnes: 623000 - Prior Grade: 6.5 - Prior Contained Metal: 130 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-04-28T00:00:00.000Z Reasoning: The Coringa Mine Indicated Resource shows substantial growth in tonnage, grade, and contained metal, indicating successful resource expansion and improved confidence. - Positive factor: Significant increase in Indicated Resource tonnage and contained metal. - Positive factor: Significant grade improvement. - Positive factor: Good confidence category. Evidence · table > 7.7 Context: 702 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Grade Improvement** Polarity: positive Definition: Average resource grade improved vs prior estimate — better deposit economics. Why it applies: 7.7 against 6.5 previously **Contained Metal Growth** Polarity: positive Definition: True scale improvement — contained metal ounces/tonnes increased vs prior, accounting for both tonnage and grade changes. Why it applies: 174 against 130 previously ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/results-of-updated-mineral-resource-and-reserves-increases-consolidated-m-i-to-7--6ed46c54-b50f-4787-9e68-3fddf8ca6642#fact-resource-facts-42) Coringa Mine · gold #### Identity - Project: Coringa Mine - Commodity: gold - Region: brazil - Reported Region: Para State, northern Brazil - Ticker: SBI #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Carlos Guzman, Nicolas Fuster - Resource group id: resource:2218f6e448aeafdec689 - Ownership percent: 100 % - Resource basis: gross #### Resource Data - Category: indicated - Tonnes: 1060000 - Grade: 8.9 - Grade Unit: g/t - Contained Metal: 304 - Contained Unit: koz #### Prior Estimate - Resource Date: 2026-01-31 - Prior Tonnes: 795000 - Prior Grade: 7 - Prior Contained Metal: 179 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-04-28T00:00:00.000Z Reasoning: The total Coringa Mine Measured & Indicated Resources show exceptional growth in tonnage, grade, and contained metal, highlighting the project's significant and growing high-confidence inventory. - Positive factor: Exceptional increase in combined Measured & Indicated Resource tonnage and contained metal. - Positive factor: Significant grade improvement. - Positive factor: High-grade resource base. Evidence · table > 8.9 Context: 1,060 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Tonnage Growth** Polarity: positive Definition: Tonnage increase reaching the strong tier vs prior estimate, with grade maintained or improved. Why it applies: 1060000 against 795000 previously **Grade Improvement** Polarity: positive Definition: Average resource grade improved vs prior estimate — better deposit economics. Why it applies: 8.9 against 7 previously **Contained Metal Growth** Polarity: positive Definition: True scale improvement — contained metal ounces/tonnes increased vs prior, accounting for both tonnage and grade changes. Why it applies: 304 against 179 previously ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/results-of-updated-mineral-resource-and-reserves-increases-consolidated-m-i-to-7--6ed46c54-b50f-4787-9e68-3fddf8ca6642#fact-resource-facts-43) Coringa Mine · gold #### Identity - Project: Coringa Mine - Commodity: gold - Region: brazil - Reported Region: Para State, northern Brazil - Ticker: SBI #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Carlos Guzman, Nicolas Fuster - Resource group id: resource:5ab56594337b624ccb11 - Ownership percent: 100 % - Resource basis: gross #### Resource Data - Category: inferred - Tonnes: 1755000 - Grade: 8.8 - Grade Unit: g/t - Contained Metal: 495 - Contained Unit: koz #### Prior Estimate - Resource Date: 2026-01-31 - Prior Tonnes: 1454000 - Prior Grade: 5.8 - Prior Contained Metal: 271 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-04-28T00:00:00.000Z Reasoning: The Coringa Mine Inferred Resource shows exceptional growth in tonnage, grade, and contained metal, indicating substantial exploration upside and successful expansion. - Positive factor: Exceptional increase in Inferred Resource tonnage and contained metal. - Positive factor: Significant grade improvement. - Positive factor: Very strong grade for an Inferred Resource. - Negative factor: Inferred category has lower geological confidence. Evidence · table > 8.8 Context: 1,755 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Tonnage Growth** Polarity: positive Definition: Tonnage increase reaching the strong tier vs prior estimate, with grade maintained or improved. Why it applies: 1755000 against 1454000 previously **Grade Improvement** Polarity: positive Definition: Average resource grade improved vs prior estimate — better deposit economics. Why it applies: 8.8 against 5.8 previously **Contained Metal Growth** Polarity: positive Definition: True scale improvement — contained metal ounces/tonnes increased vs prior, accounting for both tonnage and grade changes. Why it applies: 495 against 271 previously ### measured [Link to this fact](https://atlas-extractions.minestarters.com/news/results-of-updated-mineral-resource-and-reserves-increases-consolidated-m-i-to-7--6ed46c54-b50f-4787-9e68-3fddf8ca6642#fact-resource-facts-44) Coringa Mine · gold Historical result Needs review: historical\_restatement #### Identity - Project: Coringa Mine - Commodity: gold - Region: brazil - Reported Region: Para State, northern Brazil - Ticker: SBI #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Carlos Guzman, Nicolas Fuster - Resource group id: resource:727fd5ec3ca0b143041b - Ownership percent: 100 % - Resource basis: gross #### Resource Data - Category: measured - Tonnes: 172000 - Grade: 9 - Grade Unit: g/t - Contained Metal: 49 - Contained Unit: koz #### Prior Estimate - Resource Date: 2024-04-16 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2024-04-16T00:00:00.000Z #### Dates - Event date: 2026-04-28T00:00:00.000Z Reasoning: This historical Measured Resource for Coringa Mine provides context for the current update but is no longer the most recent data. - Positive factor: High-grade Measured Resource. - Negative factor: This is a historical estimate, superseded by the current update. Evidence · table > 9.0 Context: 172 #### Tags used in scoring **Measured Resource** Polarity: positive Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves. Why it applies: category is "measured" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 2.0 years before this release ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/results-of-updated-mineral-resource-and-reserves-increases-consolidated-m-i-to-7--6ed46c54-b50f-4787-9e68-3fddf8ca6642#fact-resource-facts-45) Coringa Mine · gold Historical result Needs review: historical\_restatement #### Identity - Project: Coringa Mine - Commodity: gold - Region: brazil - Reported Region: Para State, northern Brazil - Ticker: SBI #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Carlos Guzman, Nicolas Fuster - Resource group id: resource:41188d7f306d6b1b28f3 - Ownership percent: 100 % - Resource basis: gross #### Resource Data - Category: indicated - Tonnes: 623000 - Grade: 6.5 - Grade Unit: g/t - Contained Metal: 130 - Contained Unit: koz #### Prior Estimate - Resource Date: 2024-04-16 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2024-04-16T00:00:00.000Z #### Dates - Event date: 2026-04-28T00:00:00.000Z Reasoning: This historical Indicated Resource for Coringa Mine provides context for the current update but is no longer the most recent data. - Positive factor: Good grade for an Indicated Resource. - Negative factor: This is a historical estimate, superseded by the current update. Evidence · table > 6.5 Context: 623 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 2.0 years before this release ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/results-of-updated-mineral-resource-and-reserves-increases-consolidated-m-i-to-7--6ed46c54-b50f-4787-9e68-3fddf8ca6642#fact-resource-facts-46) Coringa Mine · gold Historical result Needs review: historical\_restatement #### Identity - Project: Coringa Mine - Commodity: gold - Region: brazil - Reported Region: Para State, northern Brazil - Ticker: SBI #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Carlos Guzman, Nicolas Fuster - Resource group id: resource:0decd102fddf2d068c1d - Ownership percent: 100 % - Resource basis: gross #### Resource Data - Category: indicated - Tonnes: 795000 - Grade: 7 - Grade Unit: g/t - Contained Metal: 179 - Contained Unit: koz #### Prior Estimate - Resource Date: 2024-04-16 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2024-04-16T00:00:00.000Z #### Dates - Event date: 2026-04-28T00:00:00.000Z Reasoning: This historical combined Measured & Indicated Resource for Coringa Mine provides context for the current update but is no longer the most recent data. - Positive factor: Good grade for a combined Measured & Indicated Resource. - Negative factor: This is a historical estimate, superseded by the current update. Evidence · table > 7.0 Context: 795 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 2.0 years before this release ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/results-of-updated-mineral-resource-and-reserves-increases-consolidated-m-i-to-7--6ed46c54-b50f-4787-9e68-3fddf8ca6642#fact-resource-facts-47) Coringa Mine · gold Historical result Needs review: historical\_restatement #### Identity - Project: Coringa Mine - Commodity: gold - Region: brazil - Reported Region: Para State, northern Brazil - Ticker: SBI #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Carlos Guzman, Nicolas Fuster - Resource group id: resource:c6db18ff78bbc140cf31 - Ownership percent: 100 % - Resource basis: gross #### Resource Data - Category: inferred - Tonnes: 1454000 - Grade: 5.8 - Grade Unit: g/t - Contained Metal: 271 - Contained Unit: koz #### Prior Estimate - Resource Date: 2024-04-16 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2024-04-16T00:00:00.000Z #### Dates - Event date: 2026-04-28T00:00:00.000Z Reasoning: This historical Inferred Resource for Coringa Mine provides context for the current update but is no longer the most recent data. - Positive factor: Good grade for an Inferred Resource. - Negative factor: This is a historical estimate, superseded by the current update. - Negative factor: Inferred category has lower geological confidence. Evidence · table > 5.8 Context: 1,454 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 2.0 years before this release ## 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.