# Silver Tiger Announces a PEA for the Underground with an After Tax NPV of US$304m and an Updated PFS for the Stockwork Zone with an After Tax NPV of US$456m at the El Tigre Silver-Gold Project, Sonora, Mexico Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/silver-tiger-announces-a-pea-for-the-underground-with-an-after-tax-npv-of-us-304--4d3db948-09fc-41d0-82f1-c3b39fa9a1e4 Original source: https://money.tmx.com/en/quote/SLVR/news/5818290516251283/silver-tiger-announces-a-pea-for-the-underground-with-an-after-tax-npv-of-us-304 Publisher: tmx Original announcement: 2026-01-20T12:00:00.000Z Analysis by Minestarters Atlas Atlas analysis published: Unknown date Atlas analysis updated: Unknown date - Company: Silver Tiger Metals Inc. - Ticker: SLVR - Exchange: TSX - Region: Sonora, Mexico - Primary commodity: Silver - Secondary commodities: Gold, Copper, Lead, Zinc - Document categories: Resource update, Economic study, Metallurgy - Extracted: 2026-09-16 22:58:08 UTC Narrative sentiment: 0.90 · Bullish ## Minestarters Atlas summary Silver Tiger Metals announced a Preliminary Economic Assessment \(PEA\) for the underground portion of its El Tigre Silver-Gold Project, showing an after-tax NPV of US$304 million and an IRR of 42.8%. Concurrently, an updated Pre-Feasibility Study \(PFS\) for the Stockwork Zone reported an after-tax NPV of US$456 million and an IRR of 65.7%. Both studies are based on consensus metal prices and indicate robust economics with fast payback periods. The company also released an updated Mineral Resource Estimate, highlighting significant increases in contained metal and grade for certain categories. Reasoning: The announcement presents highly positive economic results for both the underground PEA and the updated Stockwork Zone PFS, demonstrating strong project viability. The resource update also shows significant growth and improved confidence. The studies are well-supported by QP sign-offs and compliant with NI 43-101, indicating a high level of confidence in the reported figures. - Positive factor: Two robust economic studies \(PEA and PFS\) presented for different project components, showing strong after-tax NPVs and IRRs. - Positive factor: Significant contained metal growth and grade increases in the updated Mineral Resource Estimate, particularly for out-of-pit M&I resources. - Positive factor: Fast payback periods for both the PEA and PFS scenarios. - Positive factor: Metallurgical test work completed by reputable laboratories with good recoveries for gold and silver. - Positive factor: Studies and estimates are NI 43-101 compliant with multiple Qualified Persons named. - Negative factor: The PEA is a preliminary study and not bankable. - Negative factor: Base metals provide no economic benefit under the proposed cyanidation process for the underground PEA. - Negative factor: The PFS uses higher metal prices than a previous 2024 PFS, which could inflate economics if prices decline. Low confidence — this extraction should be reviewed alongside the original source. Facts used in scoring: 134 ## Classification and evidence **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: A current resource fact retains the disclosed cut-off grade **Heap Leach Route** Polarity: neutral Definition: Processing via heap leach — lower CAPEX and OPEX, lower recovery expected. Why it applies: the document describes a heap\_leach route \("heap leach"\) **Mill Route** Polarity: neutral Definition: Processing via mill or concentrator \(CIL, CIP, tank leach, flotation\). Why it applies: the document describes a flotation route \("flotation"\) **Single Domain Only** Polarity: negative Definition: Testing limited to one composite or domain — representativeness not established. Why it applies: only one composite was tested ## Extracted facts Stored fact records: 134. Some facts used in scoring do not have a stored record. ## Resource Estimates (132) ### proven [Link to this fact](https://atlas-extractions.minestarters.com/news/silver-tiger-announces-a-pea-for-the-underground-with-an-after-tax-npv-of-us-304--4d3db948-09fc-41d0-82f1-c3b39fa9a1e4#fact-resource-facts-2) El Tigre · gold #### Identity - Project: El Tigre - Commodity: gold - Region: mexico - Reported Region: Sonora, Mexico - Ticker: SLVR #### Resource scope - Estimate type: reserve - Effective date: 2024-10-22T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Andrew Bradfield - Resource group id: resource:09e3a8884296e44bb5c9 - Deposit or zone: Oxide - Mining method: open\_pit - Ownership percent: 100 % #### Resource Data - Category: proven - Tonnes: 19564000 - Grade: 0.4 - Grade Unit: g/t - Contained Metal: 252 - Contained Unit: koz - Cutoff Grade: 0.11 - Cutoff Unit: g/t AuEq #### Prior Estimate - Resource Date: 2024-10-22 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-20T00:00:00.000Z Reasoning: The proven oxide gold reserve contributes significantly to the project's economic viability and de-risking. - Positive factor: Proven reserve classification indicates high confidence. - Positive factor: Good gold grade for an open pit oxide reserve. Evidence · table > 0.4 Context: 19,564 #### 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 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### proven [Link to this fact](https://atlas-extractions.minestarters.com/news/silver-tiger-announces-a-pea-for-the-underground-with-an-after-tax-npv-of-us-304--4d3db948-09fc-41d0-82f1-c3b39fa9a1e4#fact-resource-facts-3) El Tigre · silver #### Identity - Project: El Tigre - Commodity: silver - Region: mexico - Reported Region: Sonora, Mexico - Ticker: SLVR #### Resource scope - Estimate type: reserve - Effective date: 2024-10-22T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Andrew Bradfield - Resource group id: resource:09e3a8884296e44bb5c9 - Deposit or zone: Oxide - Mining method: open\_pit - Ownership percent: 100 % #### Resource Data - Category: proven - Tonnes: 19564000 - Grade: 16.4 - Grade Unit: g/t - Contained Metal: 10316 - Contained Unit: koz - Cutoff Grade: 0.11 - Cutoff Unit: g/t AuEq #### Prior Estimate - Resource Date: 2024-10-22 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-20T00:00:00.000Z Reasoning: The proven oxide silver reserve contributes significantly to the project's economic viability and de-risking. - Positive factor: Proven reserve classification indicates high confidence. - Positive factor: Good silver grade for an open pit oxide reserve. Evidence · table > 16.4 Context: 19,564 #### 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 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### proven [Link to this fact](https://atlas-extractions.minestarters.com/news/silver-tiger-announces-a-pea-for-the-underground-with-an-after-tax-npv-of-us-304--4d3db948-09fc-41d0-82f1-c3b39fa9a1e4#fact-resource-facts-4) El Tigre · gold #### Identity - Project: El Tigre - Commodity: gold - Region: mexico - Reported Region: Sonora, Mexico - Ticker: SLVR #### Resource scope - Estimate type: reserve - Effective date: 2024-10-22T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Andrew Bradfield - Resource group id: resource:8fb70918f3e438e790e4 - Deposit or zone: Sulphide - Mining method: open\_pit - Ownership percent: 100 % #### Resource Data - Category: proven - Tonnes: 4655000 - Grade: 0.52 - Grade Unit: g/t - Contained Metal: 78 - Contained Unit: koz - Cutoff Grade: 0.16 - Cutoff Unit: g/t AuEq #### Prior Estimate - Resource Date: 2024-10-22 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-20T00:00:00.000Z Reasoning: The proven sulphide gold reserve adds to the project's overall economic robustness. - Positive factor: Proven reserve classification indicates high confidence. - Positive factor: Good gold grade for an open pit sulphide reserve. Evidence · table > 0.52 Context: 4,655 #### 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 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### proven [Link to this fact](https://atlas-extractions.minestarters.com/news/silver-tiger-announces-a-pea-for-the-underground-with-an-after-tax-npv-of-us-304--4d3db948-09fc-41d0-82f1-c3b39fa9a1e4#fact-resource-facts-5) El Tigre · silver #### Identity - Project: El Tigre - Commodity: silver - Region: mexico - Reported Region: Sonora, Mexico - Ticker: SLVR #### Resource scope - Estimate type: reserve - Effective date: 2024-10-22T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Andrew Bradfield - Resource group id: resource:8fb70918f3e438e790e4 - Deposit or zone: Sulphide - Mining method: open\_pit - Ownership percent: 100 % #### Resource Data - Category: proven - Tonnes: 4655000 - Grade: 7.6 - Grade Unit: g/t - Contained Metal: 1137 - Contained Unit: koz - Cutoff Grade: 0.16 - Cutoff Unit: g/t AuEq #### Prior Estimate - Resource Date: 2024-10-22 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-20T00:00:00.000Z Reasoning: The proven sulphide silver reserve contributes to the overall project, though the grade is on the lower side. - Positive factor: Proven reserve classification indicates high confidence. - Negative factor: Silver grade of 7.6 g/t for sulphide material is relatively low. Evidence · table > 7.6 Context: 4,655 #### 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 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### probable [Link to this fact](https://atlas-extractions.minestarters.com/news/silver-tiger-announces-a-pea-for-the-underground-with-an-after-tax-npv-of-us-304--4d3db948-09fc-41d0-82f1-c3b39fa9a1e4#fact-resource-facts-6) El Tigre · gold #### Identity - Project: El Tigre - Commodity: gold - Region: mexico - Reported Region: Sonora, Mexico - Ticker: SLVR #### Resource scope - Estimate type: reserve - Effective date: 2024-10-22T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Andrew Bradfield - Resource group id: resource:01af5d70ab0e3ff74cb3 - Deposit or zone: Oxide - Mining method: open\_pit - Ownership percent: 100 % #### Resource Data - Category: probable - Tonnes: 14800000 - Grade: 0.37 - Grade Unit: g/t - Contained Metal: 176 - Contained Unit: koz - Cutoff Grade: 0.11 - Cutoff Unit: g/t AuEq #### Prior Estimate - Resource Date: 2024-10-22 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-20T00:00:00.000Z Reasoning: The probable oxide gold reserve adds to the project's overall resource base, though at a moderate grade. - Positive factor: Probable reserve classification indicates reasonable confidence. - Negative factor: Gold grade of 0.37 g/t for oxide material is moderate. Evidence · table > 0.37 Context: 14,800 #### 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 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### probable [Link to this fact](https://atlas-extractions.minestarters.com/news/silver-tiger-announces-a-pea-for-the-underground-with-an-after-tax-npv-of-us-304--4d3db948-09fc-41d0-82f1-c3b39fa9a1e4#fact-resource-facts-7) El Tigre · silver #### Identity - Project: El Tigre - Commodity: silver - Region: mexico - Reported Region: Sonora, Mexico - Ticker: SLVR #### Resource scope - Estimate type: reserve - Effective date: 2024-10-22T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Andrew Bradfield - Resource group id: resource:01af5d70ab0e3ff74cb3 - Deposit or zone: Oxide - Mining method: open\_pit - Ownership percent: 100 % #### Resource Data - Category: probable - Tonnes: 14800000 - Grade: 13.7 - Grade Unit: g/t - Contained Metal: 6519 - Contained Unit: koz - Cutoff Grade: 0.11 - Cutoff Unit: g/t AuEq #### Prior Estimate - Resource Date: 2024-10-22 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-20T00:00:00.000Z Reasoning: The probable oxide silver reserve adds to the project's overall resource base, though at a moderate grade. - Positive factor: Probable reserve classification indicates reasonable confidence. - Negative factor: Silver grade of 13.7 g/t for oxide material is moderate. Evidence · table > 13.7 Context: 14,800 #### 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 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### probable [Link to this fact](https://atlas-extractions.minestarters.com/news/silver-tiger-announces-a-pea-for-the-underground-with-an-after-tax-npv-of-us-304--4d3db948-09fc-41d0-82f1-c3b39fa9a1e4#fact-resource-facts-8) El Tigre · gold #### Identity - Project: El Tigre - Commodity: gold - Region: mexico - Reported Region: Sonora, Mexico - Ticker: SLVR #### Resource scope - Estimate type: reserve - Effective date: 2024-10-22T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Andrew Bradfield - Resource group id: resource:5efaa38c5820b829d1e6 - Deposit or zone: Sulphide - Mining method: open\_pit - Ownership percent: 100 % #### Resource Data - Category: probable - Tonnes: 1272000 - Grade: 0.43 - Grade Unit: g/t - Contained Metal: 18 - Contained Unit: koz - Cutoff Grade: 0.16 - Cutoff Unit: g/t AuEq #### Prior Estimate - Resource Date: 2024-10-22 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-20T00:00:00.000Z Reasoning: The probable sulphide gold reserve contributes to the project's overall resource base, though at a moderate grade. - Positive factor: Probable reserve classification indicates reasonable confidence. - Negative factor: Gold grade of 0.43 g/t for sulphide material is moderate. Evidence · table > 0.43 Context: 1,272 #### 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 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### probable [Link to this fact](https://atlas-extractions.minestarters.com/news/silver-tiger-announces-a-pea-for-the-underground-with-an-after-tax-npv-of-us-304--4d3db948-09fc-41d0-82f1-c3b39fa9a1e4#fact-resource-facts-9) El Tigre · silver #### Identity - Project: El Tigre - Commodity: silver - Region: mexico - Reported Region: Sonora, Mexico - Ticker: SLVR #### Resource scope - Estimate type: reserve - Effective date: 2024-10-22T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Andrew Bradfield - Resource group id: resource:5efaa38c5820b829d1e6 - Deposit or zone: Sulphide - Mining method: open\_pit - Ownership percent: 100 % #### Resource Data - Category: probable - Tonnes: 1272000 - Grade: 33.8 - Grade Unit: g/t - Contained Metal: 1382 - Contained Unit: koz - Cutoff Grade: 0.16 - Cutoff Unit: g/t AuEq #### Prior Estimate - Resource Date: 2024-10-22 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-20T00:00:00.000Z Reasoning: The probable sulphide silver reserve adds to the project's overall resource base with a good grade. - Positive factor: Probable reserve classification indicates reasonable confidence. - Positive factor: Good silver grade for an open pit sulphide reserve. Evidence · table > 33.8 Context: 1,272 #### 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 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### probable [Link to this fact](https://atlas-extractions.minestarters.com/news/silver-tiger-announces-a-pea-for-the-underground-with-an-after-tax-npv-of-us-304--4d3db948-09fc-41d0-82f1-c3b39fa9a1e4#fact-resource-facts-10) El Tigre · gold #### Identity - Project: El Tigre - Commodity: gold - Region: mexico - Reported Region: Sonora, Mexico - Ticker: SLVR #### Resource scope - Estimate type: reserve - Effective date: 2024-10-22T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Andrew Bradfield - Resource group id: resource:a013f25b66e0d18fae83 - Deposit or zone: Oxide - Mining method: open\_pit - Ownership percent: 100 % #### Resource Data - Category: probable - Tonnes: 34365000 - Grade: 0.39 - Grade Unit: g/t - Contained Metal: 428 - Contained Unit: koz - Cutoff Grade: 0.11 - Cutoff Unit: g/t AuEq #### Prior Estimate - Resource Date: 2024-10-22 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-20T00:00:00.000Z Reasoning: The combined Proven and Probable oxide gold reserve provides a strong foundation for the project's economics. - Positive factor: Combined Proven and Probable classification indicates high confidence. - Positive factor: Good contained gold metal in oxide material. Evidence · table > 0.39 Context: 34,365 #### 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 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### probable [Link to this fact](https://atlas-extractions.minestarters.com/news/silver-tiger-announces-a-pea-for-the-underground-with-an-after-tax-npv-of-us-304--4d3db948-09fc-41d0-82f1-c3b39fa9a1e4#fact-resource-facts-11) El Tigre · silver #### Identity - Project: El Tigre - Commodity: silver - Region: mexico - Reported Region: Sonora, Mexico - Ticker: SLVR #### Resource scope - Estimate type: reserve - Effective date: 2024-10-22T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Andrew Bradfield - Resource group id: resource:a013f25b66e0d18fae83 - Deposit or zone: Oxide - Mining method: open\_pit - Ownership percent: 100 % #### Resource Data - Category: probable - Tonnes: 34365000 - Grade: 15.2 - Grade Unit: g/t - Contained Metal: 16834 - Contained Unit: koz - Cutoff Grade: 0.11 - Cutoff Unit: g/t AuEq #### Prior Estimate - Resource Date: 2024-10-22 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-20T00:00:00.000Z Reasoning: The combined Proven and Probable oxide silver reserve provides a strong foundation for the project's economics. - Positive factor: Combined Proven and Probable classification indicates high confidence. - Positive factor: Good contained silver metal in oxide material. Evidence · table > 15.2 Context: 34,365 #### 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 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### probable [Link to this fact](https://atlas-extractions.minestarters.com/news/silver-tiger-announces-a-pea-for-the-underground-with-an-after-tax-npv-of-us-304--4d3db948-09fc-41d0-82f1-c3b39fa9a1e4#fact-resource-facts-12) El Tigre · gold #### Identity - Project: El Tigre - Commodity: gold - Region: mexico - Reported Region: Sonora, Mexico - Ticker: SLVR #### Resource scope - Estimate type: reserve - Effective date: 2024-10-22T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Andrew Bradfield - Resource group id: resource:fbbcbe03c0d28c3b2aaa - Deposit or zone: Sulphide - Mining method: open\_pit - Ownership percent: 100 % #### Resource Data - Category: probable - Tonnes: 5928000 - Grade: 0.5 - Grade Unit: g/t - Contained Metal: 95 - Contained Unit: koz - Cutoff Grade: 0.16 - Cutoff Unit: g/t AuEq #### Prior Estimate - Resource Date: 2024-10-22 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-20T00:00:00.000Z Reasoning: The combined Proven and Probable sulphide gold reserve adds to the project's overall economic robustness. - Positive factor: Combined Proven and Probable classification indicates high confidence. - Positive factor: Good contained gold metal in sulphide material. Evidence · table > 0.5 Context: 5,928 #### 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 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### probable [Link to this fact](https://atlas-extractions.minestarters.com/news/silver-tiger-announces-a-pea-for-the-underground-with-an-after-tax-npv-of-us-304--4d3db948-09fc-41d0-82f1-c3b39fa9a1e4#fact-resource-facts-13) El Tigre · silver #### Identity - Project: El Tigre - Commodity: silver - Region: mexico - Reported Region: Sonora, Mexico - Ticker: SLVR #### Resource scope - Estimate type: reserve - Effective date: 2024-10-22T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Andrew Bradfield - Resource group id: resource:fbbcbe03c0d28c3b2aaa - Deposit or zone: Sulphide - Mining method: open\_pit - Ownership percent: 100 % #### Resource Data - Category: probable - Tonnes: 5928000 - Grade: 13.2 - Grade Unit: g/t - Contained Metal: 2520 - Contained Unit: koz - Cutoff Grade: 0.16 - Cutoff Unit: g/t AuEq #### Prior Estimate - Resource Date: 2024-10-22 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-20T00:00:00.000Z Reasoning: The combined Proven and Probable sulphide silver reserve contributes to the project's overall resource base, though at a moderate grade. - Positive factor: Combined Proven and Probable classification indicates high confidence. - Negative factor: Silver grade of 13.2 g/t for sulphide material is moderate. Evidence · table > 13.2 Context: 5,928 #### 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 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### probable [Link to this fact](https://atlas-extractions.minestarters.com/news/silver-tiger-announces-a-pea-for-the-underground-with-an-after-tax-npv-of-us-304--4d3db948-09fc-41d0-82f1-c3b39fa9a1e4#fact-resource-facts-14) El Tigre · gold #### Identity - Project: El Tigre - Commodity: gold - Region: mexico - Reported Region: Sonora, Mexico - Ticker: SLVR #### Resource scope - Estimate type: reserve - Effective date: 2024-10-22T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Andrew Bradfield - Resource group id: resource:133da258e78623f5ac30 - Deposit or zone: Total 2P - Mining method: open\_pit - Ownership percent: 100 % #### Resource Data - Category: probable - Tonnes: 40292000 - Grade: 0.4 - Grade Unit: g/t - Contained Metal: 523 - Contained Unit: koz - Cutoff Grade: 0.11 - Cutoff Unit: g/t AuEq #### Prior Estimate - Resource Date: 2024-10-22 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-20T00:00:00.000Z Reasoning: The total Proven and Probable gold reserve provides a substantial and high-confidence base for the project's economic studies. - Positive factor: Large total Proven and Probable gold reserve. - Positive factor: High confidence in the reserve classification. Evidence · table > 0.4 Context: 40,292 #### 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 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### probable [Link to this fact](https://atlas-extractions.minestarters.com/news/silver-tiger-announces-a-pea-for-the-underground-with-an-after-tax-npv-of-us-304--4d3db948-09fc-41d0-82f1-c3b39fa9a1e4#fact-resource-facts-15) El Tigre · silver #### Identity - Project: El Tigre - Commodity: silver - Region: mexico - Reported Region: Sonora, Mexico - Ticker: SLVR #### Resource scope - Estimate type: reserve - Effective date: 2024-10-22T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Andrew Bradfield - Resource group id: resource:133da258e78623f5ac30 - Deposit or zone: Total 2P - Mining method: open\_pit - Ownership percent: 100 % #### Resource Data - Category: probable - Tonnes: 40292000 - Grade: 14.9 - Grade Unit: g/t - Contained Metal: 19354 - Contained Unit: koz - Cutoff Grade: 0.11 - Cutoff Unit: g/t AuEq #### Prior Estimate - Resource Date: 2024-10-22 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-20T00:00:00.000Z Reasoning: The total Proven and Probable silver reserve provides a substantial and high-confidence base for the project's economic studies. - Positive factor: Large total Proven and Probable silver reserve. - Positive factor: High confidence in the reserve classification. Evidence · table > 14.9 Context: 40,292 #### 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 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### measured [Link to this fact](https://atlas-extractions.minestarters.com/news/silver-tiger-announces-a-pea-for-the-underground-with-an-after-tax-npv-of-us-304--4d3db948-09fc-41d0-82f1-c3b39fa9a1e4#fact-resource-facts-16) El Tigre · gold #### Identity - Project: El Tigre - Commodity: gold - Region: mexico - Reported Region: Sonora, Mexico - Ticker: SLVR #### Resource scope - Estimate type: resource - Effective date: 2025-06-20T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Dave Duncan, Charles Spath, Fred Brown, Eugene Puritch - Resource group id: resource:6c0fa144ca2250f1de89 - Deposit or zone: Pit-Constrained Oxide - Mining method: combined - Ownership percent: 100 % #### Resource Data - Category: measured - Tonnes: 27732000 - Grade: 0.54 - Grade Unit: g/t - Contained Metal: 609 - Contained Unit: koz - Cutoff Grade: 0.08 - Cutoff Unit: g/t AuEq #### Prior Estimate - Resource Date: 2025-06-20 #### Metal Equivalent - Assumptions Disclosed: Yes #### Lab - Laboratory: Bureau Veritas #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-20T00:00:00.000Z Reasoning: The measured gold resource in the pit-constrained oxide zone provides a high-confidence base for future studies and potential conversion to reserves. - Positive factor: Measured resource classification indicates high geological confidence. - Positive factor: Good gold grade for pit-constrained oxide material. Evidence · table > 0.54 Context: 27,732 #### 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 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### measured [Link to this fact](https://atlas-extractions.minestarters.com/news/silver-tiger-announces-a-pea-for-the-underground-with-an-after-tax-npv-of-us-304--4d3db948-09fc-41d0-82f1-c3b39fa9a1e4#fact-resource-facts-17) El Tigre · silver #### Identity - Project: El Tigre - Commodity: silver - Region: mexico - Reported Region: Sonora, Mexico - Ticker: SLVR #### Resource scope - Estimate type: resource - Effective date: 2025-06-20T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Dave Duncan, Charles Spath, Fred Brown, Eugene Puritch - Resource group id: resource:6c0fa144ca2250f1de89 - Deposit or zone: Pit-Constrained Oxide - Mining method: combined - Ownership percent: 100 % #### Resource Data - Category: measured - Tonnes: 27732000 - Grade: 39 - Grade Unit: g/t - Contained Metal: 35034 - Contained Unit: koz - Cutoff Grade: 0.08 - Cutoff Unit: g/t AuEq #### Prior Estimate - Resource Date: 2025-06-20 #### Metal Equivalent - Assumptions Disclosed: Yes #### Lab - Laboratory: Bureau Veritas #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-20T00:00:00.000Z Reasoning: The measured silver resource in the pit-constrained oxide zone provides a high-confidence base for future studies and potential conversion to reserves. - Positive factor: Measured resource classification indicates high geological confidence. - Positive factor: Good silver grade for pit-constrained oxide material. Evidence · table > 39 Context: 27,732 #### 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 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/silver-tiger-announces-a-pea-for-the-underground-with-an-after-tax-npv-of-us-304--4d3db948-09fc-41d0-82f1-c3b39fa9a1e4#fact-resource-facts-18) El Tigre · gold #### Identity - Project: El Tigre - Commodity: gold - Region: mexico - Reported Region: Sonora, Mexico - Ticker: SLVR #### Resource scope - Estimate type: resource - Effective date: 2025-06-20T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Dave Duncan, Charles Spath, Fred Brown, Eugene Puritch - Resource group id: resource:74bc5f88ffdb647d6173 - Deposit or zone: Pit-Constrained Oxide - Mining method: combined - Ownership percent: 100 % #### Resource Data - Category: indicated - Tonnes: 19804000 - Grade: 0.36 - Grade Unit: g/t - Contained Metal: 75 - Contained Unit: koz - Cutoff Grade: 0.08 - Cutoff Unit: g/t AuEq #### Prior Estimate - Resource Date: 2025-06-20 #### Metal Equivalent - Assumptions Disclosed: Yes #### Lab - Laboratory: Bureau Veritas #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-20T00:00:00.000Z Reasoning: The indicated gold resource in the pit-constrained oxide zone adds to the project's resource base, though at a moderate grade. - Positive factor: Indicated resource classification provides reasonable geological confidence. - Negative factor: Gold grade of 0.36 g/t for pit-constrained oxide material is moderate. Evidence · table > 0.36 Context: 19,804 #### 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 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/silver-tiger-announces-a-pea-for-the-underground-with-an-after-tax-npv-of-us-304--4d3db948-09fc-41d0-82f1-c3b39fa9a1e4#fact-resource-facts-19) El Tigre · silver #### Identity - Project: El Tigre - Commodity: silver - Region: mexico - Reported Region: Sonora, Mexico - Ticker: SLVR #### Resource scope - Estimate type: resource - Effective date: 2025-06-20T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Dave Duncan, Charles Spath, Fred Brown, Eugene Puritch - Resource group id: resource:74bc5f88ffdb647d6173 - Deposit or zone: Pit-Constrained Oxide - Mining method: combined - Ownership percent: 100 % #### Resource Data - Category: indicated - Tonnes: 19804000 - Grade: 10 - Grade Unit: g/t - Contained Metal: 6593 - Contained Unit: koz - Cutoff Grade: 0.08 - Cutoff Unit: g/t AuEq #### Prior Estimate - Resource Date: 2025-06-20 #### Metal Equivalent - Assumptions Disclosed: Yes #### Lab - Laboratory: Bureau Veritas #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-20T00:00:00.000Z Reasoning: The indicated silver resource in the pit-constrained oxide zone adds to the project's resource base, though at a moderate grade. - Positive factor: Indicated resource classification provides reasonable geological confidence. - Negative factor: Silver grade of 10 g/t for pit-constrained oxide material is moderate. Evidence · table > 10 Context: 19,804 #### 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 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/silver-tiger-announces-a-pea-for-the-underground-with-an-after-tax-npv-of-us-304--4d3db948-09fc-41d0-82f1-c3b39fa9a1e4#fact-resource-facts-20) El Tigre · gold #### Identity - Project: El Tigre - Commodity: gold - Region: mexico - Reported Region: Sonora, Mexico - Ticker: SLVR #### Resource scope - Estimate type: resource - Effective date: 2025-06-20T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Dave Duncan, Charles Spath, Fred Brown, Eugene Puritch - Resource group id: resource:fb4202c20909250b3525 - Deposit or zone: Pit-Constrained Oxide - Mining method: combined - Ownership percent: 100 % #### Resource Data - Category: inferred - Tonnes: 4475000 - Grade: 0.38 - Grade Unit: g/t - Contained Metal: 18 - Contained Unit: koz - Cutoff Grade: 0.08 - Cutoff Unit: g/t AuEq #### Prior Estimate - Resource Date: 2025-06-20 #### Metal Equivalent - Assumptions Disclosed: Yes #### Lab - Laboratory: Bureau Veritas #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-20T00:00:00.000Z Reasoning: The inferred gold resource provides exploration upside but requires further drilling to upgrade confidence. - Negative factor: Inferred resource classification has lower geological confidence. - Negative factor: Gold grade of 0.38 g/t for pit-constrained oxide material is moderate. Evidence · table > 0.38 Context: 4,475 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/silver-tiger-announces-a-pea-for-the-underground-with-an-after-tax-npv-of-us-304--4d3db948-09fc-41d0-82f1-c3b39fa9a1e4#fact-resource-facts-21) El Tigre · silver #### Identity - Project: El Tigre - Commodity: silver - Region: mexico - Reported Region: Sonora, Mexico - Ticker: SLVR #### Resource scope - Estimate type: resource - Effective date: 2025-06-20T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Dave Duncan, Charles Spath, Fred Brown, Eugene Puritch - Resource group id: resource:fb4202c20909250b3525 - Deposit or zone: Pit-Constrained Oxide - Mining method: combined - Ownership percent: 100 % #### Resource Data - Category: inferred - Tonnes: 4475000 - Grade: 10 - Grade Unit: g/t - Contained Metal: 1453 - Contained Unit: koz - Cutoff Grade: 0.08 - Cutoff Unit: g/t AuEq #### Prior Estimate - Resource Date: 2025-06-20 #### Metal Equivalent - Assumptions Disclosed: Yes #### Lab - Laboratory: Bureau Veritas #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-20T00:00:00.000Z Reasoning: The inferred silver resource provides exploration upside but requires further drilling to upgrade confidence. - Negative factor: Inferred resource classification has lower geological confidence. - Negative factor: Silver grade of 10 g/t for pit-constrained oxide material is moderate. Evidence · table > 10 Context: 4,475 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### measured [Link to this fact](https://atlas-extractions.minestarters.com/news/silver-tiger-announces-a-pea-for-the-underground-with-an-after-tax-npv-of-us-304--4d3db948-09fc-41d0-82f1-c3b39fa9a1e4#fact-resource-facts-22) El Tigre · gold #### Identity - Project: El Tigre - Commodity: gold - Region: mexico - Reported Region: Sonora, Mexico - Ticker: SLVR #### Resource scope - Estimate type: resource - Effective date: 2025-06-20T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Dave Duncan, Charles Spath, Fred Brown, Eugene Puritch - Resource group id: resource:981058f5676ea9e1d8de - Deposit or zone: Pit-Constrained Sulphide - Mining method: combined - Ownership percent: 100 % #### Resource Data - Category: measured - Tonnes: 6031000 - Grade: 0.54 - Grade Unit: g/t - Contained Metal: 105 - Contained Unit: koz - Cutoff Grade: 0.12 - Cutoff Unit: g/t AuEq #### Prior Estimate - Resource Date: 2025-06-20 #### Metal Equivalent - Assumptions Disclosed: Yes #### Lab - Laboratory: Bureau Veritas #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-20T00:00:00.000Z Reasoning: The measured gold resource in the pit-constrained sulphide zone provides a high-confidence base for future studies. - Positive factor: Measured resource classification indicates high geological confidence. - Positive factor: Good gold grade for pit-constrained sulphide material. Evidence · table > 0.54 Context: 6,031 #### 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 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### measured [Link to this fact](https://atlas-extractions.minestarters.com/news/silver-tiger-announces-a-pea-for-the-underground-with-an-after-tax-npv-of-us-304--4d3db948-09fc-41d0-82f1-c3b39fa9a1e4#fact-resource-facts-23) El Tigre · silver #### Identity - Project: El Tigre - Commodity: silver - Region: mexico - Reported Region: Sonora, Mexico - Ticker: SLVR #### Resource scope - Estimate type: resource - Effective date: 2025-06-20T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Dave Duncan, Charles Spath, Fred Brown, Eugene Puritch - Resource group id: resource:981058f5676ea9e1d8de - Deposit or zone: Pit-Constrained Sulphide - Mining method: combined - Ownership percent: 100 % #### Resource Data - Category: measured - Tonnes: 6031000 - Grade: 31 - Grade Unit: g/t - Contained Metal: 6042 - Contained Unit: koz - Cutoff Grade: 0.12 - Cutoff Unit: g/t AuEq #### Prior Estimate - Resource Date: 2025-06-20 #### Metal Equivalent - Assumptions Disclosed: Yes #### Lab - Laboratory: Bureau Veritas #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-20T00:00:00.000Z Reasoning: The measured silver resource in the pit-constrained sulphide zone provides a high-confidence base for future studies. - Positive factor: Measured resource classification indicates high geological confidence. - Positive factor: Good silver grade for pit-constrained sulphide material. Evidence · table > 31 Context: 6,031 #### 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 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/silver-tiger-announces-a-pea-for-the-underground-with-an-after-tax-npv-of-us-304--4d3db948-09fc-41d0-82f1-c3b39fa9a1e4#fact-resource-facts-24) El Tigre · gold #### Identity - Project: El Tigre - Commodity: gold - Region: mexico - Reported Region: Sonora, Mexico - Ticker: SLVR #### Resource scope - Estimate type: resource - Effective date: 2025-06-20T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Dave Duncan, Charles Spath, Fred Brown, Eugene Puritch - Resource group id: resource:ef11d21d537dd07e5243 - Deposit or zone: Pit-Constrained Sulphide - Mining method: combined - Ownership percent: 100 % #### Resource Data - Category: indicated - Tonnes: 1723000 - Grade: 0.46 - Grade Unit: g/t - Contained Metal: 25 - Contained Unit: koz - Cutoff Grade: 0.12 - Cutoff Unit: g/t AuEq #### Prior Estimate - Resource Date: 2025-06-20 #### Metal Equivalent - Assumptions Disclosed: Yes #### Lab - Laboratory: Bureau Veritas #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-20T00:00:00.000Z Reasoning: The indicated gold resource in the pit-constrained sulphide zone adds to the project's resource base, though at a moderate grade. - Positive factor: Indicated resource classification provides reasonable geological confidence. - Negative factor: Gold grade of 0.46 g/t for pit-constrained sulphide material is moderate. Evidence · table > 0.46 Context: 1,723 #### 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 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/silver-tiger-announces-a-pea-for-the-underground-with-an-after-tax-npv-of-us-304--4d3db948-09fc-41d0-82f1-c3b39fa9a1e4#fact-resource-facts-25) El Tigre · silver #### Identity - Project: El Tigre - Commodity: silver - Region: mexico - Reported Region: Sonora, Mexico - Ticker: SLVR #### Resource scope - Estimate type: resource - Effective date: 2025-06-20T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Dave Duncan, Charles Spath, Fred Brown, Eugene Puritch - Resource group id: resource:ef11d21d537dd07e5243 - Deposit or zone: Pit-Constrained Sulphide - Mining method: combined - Ownership percent: 100 % #### Resource Data - Category: indicated - Tonnes: 1723000 - Grade: 14 - Grade Unit: g/t - Contained Metal: 756 - Contained Unit: koz - Cutoff Grade: 0.12 - Cutoff Unit: g/t AuEq #### Prior Estimate - Resource Date: 2025-06-20 #### Metal Equivalent - Assumptions Disclosed: Yes #### Lab - Laboratory: Bureau Veritas #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-20T00:00:00.000Z Reasoning: The indicated silver resource in the pit-constrained sulphide zone adds to the project's resource base, though at a moderate grade. - Positive factor: Indicated resource classification provides reasonable geological confidence. - Negative factor: Silver grade of 14 g/t for pit-constrained sulphide material is moderate. Evidence · table > 14 Context: 1,723 #### 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 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/silver-tiger-announces-a-pea-for-the-underground-with-an-after-tax-npv-of-us-304--4d3db948-09fc-41d0-82f1-c3b39fa9a1e4#fact-resource-facts-26) El Tigre · gold #### Identity - Project: El Tigre - Commodity: gold - Region: mexico - Reported Region: Sonora, Mexico - Ticker: SLVR #### Resource scope - Estimate type: resource - Effective date: 2025-06-20T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Dave Duncan, Charles Spath, Fred Brown, Eugene Puritch - Resource group id: resource:0f3464f69c428ed82c81 - Deposit or zone: Pit-Constrained Sulphide - Mining method: combined - Ownership percent: 100 % #### Resource Data - Category: inferred - Tonnes: 463000 - Grade: 0.52 - Grade Unit: g/t - Contained Metal: 8 - Contained Unit: koz - Cutoff Grade: 0.12 - Cutoff Unit: g/t AuEq #### Prior Estimate - Resource Date: 2025-06-20 #### Metal Equivalent - Assumptions Disclosed: Yes #### Lab - Laboratory: Bureau Veritas #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-20T00:00:00.000Z Reasoning: The inferred gold resource provides exploration upside but requires further drilling to upgrade confidence. - Negative factor: Inferred resource classification has lower geological confidence. - Negative factor: Gold grade of 0.52 g/t for pit-constrained sulphide material is moderate. Evidence · table > 0.52 Context: 463 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/silver-tiger-announces-a-pea-for-the-underground-with-an-after-tax-npv-of-us-304--4d3db948-09fc-41d0-82f1-c3b39fa9a1e4#fact-resource-facts-27) El Tigre · silver #### Identity - Project: El Tigre - Commodity: silver - Region: mexico - Reported Region: Sonora, Mexico - Ticker: SLVR #### Resource scope - Estimate type: resource - Effective date: 2025-06-20T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Dave Duncan, Charles Spath, Fred Brown, Eugene Puritch - Resource group id: resource:0f3464f69c428ed82c81 - Deposit or zone: Pit-Constrained Sulphide - Mining method: combined - Ownership percent: 100 % #### Resource Data - Category: inferred - Tonnes: 463000 - Grade: 74 - Grade Unit: g/t - Contained Metal: 1096 - Contained Unit: koz - Cutoff Grade: 0.12 - Cutoff Unit: g/t AuEq #### Prior Estimate - Resource Date: 2025-06-20 #### Metal Equivalent - Assumptions Disclosed: Yes #### Lab - Laboratory: Bureau Veritas #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-20T00:00:00.000Z Reasoning: The inferred silver resource in the pit-constrained sulphide zone provides exploration upside with a good grade, but requires further drilling to upgrade confidence. - Positive factor: Good silver grade for pit-constrained sulphide inferred resource. - Negative factor: Inferred resource classification has lower geological confidence. Evidence · table > 74 Context: 463 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### measured [Link to this fact](https://atlas-extractions.minestarters.com/news/silver-tiger-announces-a-pea-for-the-underground-with-an-after-tax-npv-of-us-304--4d3db948-09fc-41d0-82f1-c3b39fa9a1e4#fact-resource-facts-28) El Tigre · gold #### Identity - Project: El Tigre - Commodity: gold - Region: mexico - Reported Region: Sonora, Mexico - Ticker: SLVR #### Resource scope - Estimate type: resource - Effective date: 2025-06-20T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Dave Duncan, Charles Spath, Fred Brown, Eugene Puritch - Resource group id: resource:9a98040ccbb907e78d40 - Deposit or zone: Out-Of-Pit - Mining method: combined - Ownership percent: 100 % #### Resource Data - Category: measured - Tonnes: 1010000 - Grade: 1.05 - Grade Unit: g/t - Contained Metal: 34 - Contained Unit: koz - Cutoff Grade: 1.28 - Cutoff Unit: g/t AuEq #### Prior Estimate - Resource Date: 2025-06-20 #### Metal Equivalent - Assumptions Disclosed: Yes #### Lab - Laboratory: Bureau Veritas #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-20T00:00:00.000Z Reasoning: The high-grade measured gold resource in the out-of-pit category represents a valuable component for potential underground mining. - Positive factor: High gold grade for out-of-pit measured resource. - Positive factor: Measured resource classification indicates high geological confidence. Evidence · table > 1.05 Context: 1,010 #### 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 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### measured [Link to this fact](https://atlas-extractions.minestarters.com/news/silver-tiger-announces-a-pea-for-the-underground-with-an-after-tax-npv-of-us-304--4d3db948-09fc-41d0-82f1-c3b39fa9a1e4#fact-resource-facts-29) El Tigre · silver #### Identity - Project: El Tigre - Commodity: silver - Region: mexico - Reported Region: Sonora, Mexico - Ticker: SLVR #### Resource scope - Estimate type: resource - Effective date: 2025-06-20T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Dave Duncan, Charles Spath, Fred Brown, Eugene Puritch - Resource group id: resource:9a98040ccbb907e78d40 - Deposit or zone: Out-Of-Pit - Mining method: combined - Ownership percent: 100 % #### Resource Data - Category: measured - Tonnes: 1010000 - Grade: 453 - Grade Unit: g/t - Contained Metal: 14698 - Contained Unit: koz - Cutoff Grade: 1.28 - Cutoff Unit: g/t AuEq #### Prior Estimate - Resource Date: 2025-06-20 #### Metal Equivalent - Assumptions Disclosed: Yes #### Lab - Laboratory: Bureau Veritas #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-20T00:00:00.000Z Reasoning: The exceptionally high-grade measured silver resource in the out-of-pit category is a significant positive, indicating strong potential for underground mining. - Positive factor: Exceptional silver grade for out-of-pit measured resource. - Positive factor: Measured resource classification indicates high geological confidence. Evidence · table > 453 Context: 1,010 #### 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 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### measured [Link to this fact](https://atlas-extractions.minestarters.com/news/silver-tiger-announces-a-pea-for-the-underground-with-an-after-tax-npv-of-us-304--4d3db948-09fc-41d0-82f1-c3b39fa9a1e4#fact-resource-facts-30) El Tigre · copper #### Identity - Project: El Tigre - Commodity: copper - Region: mexico - Reported Region: Sonora, Mexico - Ticker: SLVR #### Resource scope - Estimate type: resource - Effective date: 2025-06-20T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Dave Duncan, Charles Spath, Fred Brown, Eugene Puritch - Resource group id: resource:9a98040ccbb907e78d40 - Deposit or zone: Out-Of-Pit - Mining method: combined - Ownership percent: 100 % #### Resource Data - Category: measured - Tonnes: 1010000 - Grade: 0.13 - Grade Unit: % - Cutoff Grade: 1.28 - Cutoff Unit: g/t AuEq #### Prior Estimate - Resource Date: 2025-06-20 #### Metal Equivalent - Assumptions Disclosed: Yes #### Lab - Laboratory: Bureau Veritas #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-20T00:00:00.000Z Reasoning: The measured copper resource is present but at a very low grade, suggesting it is a minor byproduct rather than a primary economic driver. - Positive factor: Measured resource classification indicates high geological confidence. - Negative factor: Copper grade of 0.13% is weak and likely not economic as a primary commodity. Evidence · table > 0.13 Context: 1,010 #### 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 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### measured [Link to this fact](https://atlas-extractions.minestarters.com/news/silver-tiger-announces-a-pea-for-the-underground-with-an-after-tax-npv-of-us-304--4d3db948-09fc-41d0-82f1-c3b39fa9a1e4#fact-resource-facts-31) El Tigre · lead #### Identity - Project: El Tigre - Commodity: lead - Region: mexico - Reported Region: Sonora, Mexico - Ticker: SLVR #### Resource scope - Estimate type: resource - Effective date: 2025-06-20T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Dave Duncan, Charles Spath, Fred Brown, Eugene Puritch - Resource group id: resource:9a98040ccbb907e78d40 - Deposit or zone: Out-Of-Pit - Mining method: combined - Ownership percent: 100 % #### Resource Data - Category: measured - Tonnes: 1010000 - Grade: 0.54 - Grade Unit: % - Cutoff Grade: 1.28 - Cutoff Unit: g/t AuEq #### Prior Estimate - Resource Date: 2025-06-20 #### Metal Equivalent - Assumptions Disclosed: Yes #### Lab - Laboratory: Bureau Veritas #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-20T00:00:00.000Z Reasoning: The measured lead resource is present but at a very low grade, suggesting it is a minor byproduct rather than a primary economic driver. - Positive factor: Measured resource classification indicates high geological confidence. - Negative factor: Lead grade of 0.54% is weak and likely not economic as a primary commodity. Evidence · table > 0.54 Context: 1,010 #### 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 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### measured [Link to this fact](https://atlas-extractions.minestarters.com/news/silver-tiger-announces-a-pea-for-the-underground-with-an-after-tax-npv-of-us-304--4d3db948-09fc-41d0-82f1-c3b39fa9a1e4#fact-resource-facts-32) El Tigre · zinc #### Identity - Project: El Tigre - Commodity: zinc - Region: mexico - Reported Region: Sonora, Mexico - Ticker: SLVR #### Resource scope - Estimate type: resource - Effective date: 2025-06-20T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Dave Duncan, Charles Spath, Fred Brown, Eugene Puritch - Resource group id: resource:9a98040ccbb907e78d40 - Deposit or zone: Out-Of-Pit - Mining method: combined - Ownership percent: 100 % #### Resource Data - Category: measured - Tonnes: 1010000 - Grade: 0.92 - Grade Unit: % - Cutoff Grade: 1.28 - Cutoff Unit: g/t AuEq #### Prior Estimate - Resource Date: 2025-06-20 #### Metal Equivalent - Assumptions Disclosed: Yes #### Lab - Laboratory: Bureau Veritas #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-20T00:00:00.000Z Reasoning: The measured zinc resource is present but at a very low grade, suggesting it is a minor byproduct rather than a primary economic driver. - Positive factor: Measured resource classification indicates high geological confidence. - Negative factor: Zinc grade of 0.92% is weak and likely not economic as a primary commodity. Evidence · table > 0.92 Context: 1,010 #### 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 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/silver-tiger-announces-a-pea-for-the-underground-with-an-after-tax-npv-of-us-304--4d3db948-09fc-41d0-82f1-c3b39fa9a1e4#fact-resource-facts-33) El Tigre · gold #### Identity - Project: El Tigre - Commodity: gold - Region: mexico - Reported Region: Sonora, Mexico - Ticker: SLVR #### Resource scope - Estimate type: resource - Effective date: 2025-06-20T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Dave Duncan, Charles Spath, Fred Brown, Eugene Puritch - Resource group id: resource:a2f5a2c38f312a68b6dd - Deposit or zone: Out-Of-Pit - Mining method: combined - Ownership percent: 100 % #### Resource Data - Category: indicated - Tonnes: 1374000 - Grade: 1.05 - Grade Unit: g/t - Contained Metal: 47 - Contained Unit: koz - Cutoff Grade: 1.28 - Cutoff Unit: g/t AuEq #### Prior Estimate - Resource Date: 2025-06-20 #### Metal Equivalent - Assumptions Disclosed: Yes #### Lab - Laboratory: Bureau Veritas #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-20T00:00:00.000Z Reasoning: The high-grade indicated gold resource in the out-of-pit category represents a valuable component for potential underground mining. - Positive factor: High gold grade for out-of-pit indicated resource. - Positive factor: Indicated resource classification provides reasonable geological confidence. Evidence · table > 1.05 Context: 1,374 #### 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 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/silver-tiger-announces-a-pea-for-the-underground-with-an-after-tax-npv-of-us-304--4d3db948-09fc-41d0-82f1-c3b39fa9a1e4#fact-resource-facts-34) El Tigre · silver #### Identity - Project: El Tigre - Commodity: silver - Region: mexico - Reported Region: Sonora, Mexico - Ticker: SLVR #### Resource scope - Estimate type: resource - Effective date: 2025-06-20T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Dave Duncan, Charles Spath, Fred Brown, Eugene Puritch - Resource group id: resource:a2f5a2c38f312a68b6dd - Deposit or zone: Out-Of-Pit - Mining method: combined - Ownership percent: 100 % #### Resource Data - Category: indicated - Tonnes: 1374000 - Grade: 398 - Grade Unit: g/t - Contained Metal: 17588 - Contained Unit: koz - Cutoff Grade: 1.28 - Cutoff Unit: g/t AuEq #### Prior Estimate - Resource Date: 2025-06-20 #### Metal Equivalent - Assumptions Disclosed: Yes #### Lab - Laboratory: Bureau Veritas #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-20T00:00:00.000Z Reasoning: The exceptionally high-grade indicated silver resource in the out-of-pit category is a significant positive, indicating strong potential for underground mining. - Positive factor: Exceptional silver grade for out-of-pit indicated resource. - Positive factor: Indicated resource classification provides reasonable geological confidence. Evidence · table > 398 Context: 1,374 #### 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 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/silver-tiger-announces-a-pea-for-the-underground-with-an-after-tax-npv-of-us-304--4d3db948-09fc-41d0-82f1-c3b39fa9a1e4#fact-resource-facts-35) El Tigre · copper #### Identity - Project: El Tigre - Commodity: copper - Region: mexico - Reported Region: Sonora, Mexico - Ticker: SLVR #### Resource scope - Estimate type: resource - Effective date: 2025-06-20T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Dave Duncan, Charles Spath, Fred Brown, Eugene Puritch - Resource group id: resource:a2f5a2c38f312a68b6dd - Deposit or zone: Out-Of-Pit - Mining method: combined - Ownership percent: 100 % #### Resource Data - Category: indicated - Tonnes: 1374000 - Grade: 0.08 - Grade Unit: % - Cutoff Grade: 1.28 - Cutoff Unit: g/t AuEq #### Prior Estimate - Resource Date: 2025-06-20 #### Metal Equivalent - Assumptions Disclosed: Yes #### Lab - Laboratory: Bureau Veritas #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-20T00:00:00.000Z Reasoning: The indicated copper resource is present but at a very low grade, suggesting it is a minor byproduct rather than a primary economic driver. - Positive factor: Indicated resource classification provides reasonable geological confidence. - Negative factor: Copper grade of 0.08% is weak and likely not economic as a primary commodity. Evidence · table > 0.08 Context: 1,374 #### 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 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/silver-tiger-announces-a-pea-for-the-underground-with-an-after-tax-npv-of-us-304--4d3db948-09fc-41d0-82f1-c3b39fa9a1e4#fact-resource-facts-36) El Tigre · lead #### Identity - Project: El Tigre - Commodity: lead - Region: mexico - Reported Region: Sonora, Mexico - Ticker: SLVR #### Resource scope - Estimate type: resource - Effective date: 2025-06-20T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Dave Duncan, Charles Spath, Fred Brown, Eugene Puritch - Resource group id: resource:a2f5a2c38f312a68b6dd - Deposit or zone: Out-Of-Pit - Mining method: combined - Ownership percent: 100 % #### Resource Data - Category: indicated - Tonnes: 1374000 - Grade: 0.24 - Grade Unit: % - Cutoff Grade: 1.28 - Cutoff Unit: g/t AuEq #### Prior Estimate - Resource Date: 2025-06-20 #### Metal Equivalent - Assumptions Disclosed: Yes #### Lab - Laboratory: Bureau Veritas #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-20T00:00:00.000Z Reasoning: The indicated lead resource is present but at a very low grade, suggesting it is a minor byproduct rather than a primary economic driver. - Positive factor: Indicated resource classification provides reasonable geological confidence. - Negative factor: Lead grade of 0.24% is weak and likely not economic as a primary commodity. Evidence · table > 0.24 Context: 1,374 #### 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 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/silver-tiger-announces-a-pea-for-the-underground-with-an-after-tax-npv-of-us-304--4d3db948-09fc-41d0-82f1-c3b39fa9a1e4#fact-resource-facts-37) El Tigre · zinc #### Identity - Project: El Tigre - Commodity: zinc - Region: mexico - Reported Region: Sonora, Mexico - Ticker: SLVR #### Resource scope - Estimate type: resource - Effective date: 2025-06-20T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Dave Duncan, Charles Spath, Fred Brown, Eugene Puritch - Resource group id: resource:a2f5a2c38f312a68b6dd - Deposit or zone: Out-Of-Pit - Mining method: combined - Ownership percent: 100 % #### Resource Data - Category: indicated - Tonnes: 1374000 - Grade: 0.41 - Grade Unit: % - Cutoff Grade: 1.28 - Cutoff Unit: g/t AuEq #### Prior Estimate - Resource Date: 2025-06-20 #### Metal Equivalent - Assumptions Disclosed: Yes #### Lab - Laboratory: Bureau Veritas #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-20T00:00:00.000Z Reasoning: The indicated zinc resource is present but at a very low grade, suggesting it is a minor byproduct rather than a primary economic driver. - Positive factor: Indicated resource classification provides reasonable geological confidence. - Negative factor: Zinc grade of 0.41% is weak and likely not economic as a primary commodity. Evidence · table > 0.41 Context: 1,374 #### 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 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/silver-tiger-announces-a-pea-for-the-underground-with-an-after-tax-npv-of-us-304--4d3db948-09fc-41d0-82f1-c3b39fa9a1e4#fact-resource-facts-38) El Tigre · gold #### Identity - Project: El Tigre - Commodity: gold - Region: mexico - Reported Region: Sonora, Mexico - Ticker: SLVR #### Resource scope - Estimate type: resource - Effective date: 2025-06-20T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Dave Duncan, Charles Spath, Fred Brown, Eugene Puritch - Resource group id: resource:b028beec620db3ab9e96 - Deposit or zone: Out-Of-Pit - Mining method: combined - Ownership percent: 100 % #### Resource Data - Category: inferred - Tonnes: 4100000 - Grade: 1.58 - Grade Unit: g/t - Contained Metal: 208 - Contained Unit: koz - Cutoff Grade: 1.28 - Cutoff Unit: g/t AuEq #### Prior Estimate - Resource Date: 2025-06-20 #### Metal Equivalent - Assumptions Disclosed: Yes #### Lab - Laboratory: Bureau Veritas #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-20T00:00:00.000Z Reasoning: The high-grade inferred gold resource in the out-of-pit category provides significant exploration upside for potential underground mining. - Positive factor: High gold grade for out-of-pit inferred resource. - Negative factor: Inferred resource classification has lower geological confidence. Evidence · table > 1.58 Context: 4,100 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/silver-tiger-announces-a-pea-for-the-underground-with-an-after-tax-npv-of-us-304--4d3db948-09fc-41d0-82f1-c3b39fa9a1e4#fact-resource-facts-39) El Tigre · silver #### Identity - Project: El Tigre - Commodity: silver - Region: mexico - Reported Region: Sonora, Mexico - Ticker: SLVR #### Resource scope - Estimate type: resource - Effective date: 2025-06-20T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Dave Duncan, Charles Spath, Fred Brown, Eugene Puritch - Resource group id: resource:b028beec620db3ab9e96 - Deposit or zone: Out-Of-Pit - Mining method: combined - Ownership percent: 100 % #### Resource Data - Category: inferred - Tonnes: 4100000 - Grade: 294 - Grade Unit: g/t - Contained Metal: 38822 - Contained Unit: koz - Cutoff Grade: 1.28 - Cutoff Unit: g/t AuEq #### Prior Estimate - Resource Date: 2025-06-20 #### Metal Equivalent - Assumptions Disclosed: Yes #### Lab - Laboratory: Bureau Veritas #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-20T00:00:00.000Z Reasoning: The exceptionally high-grade inferred silver resource in the out-of-pit category provides significant exploration upside for potential underground mining. - Positive factor: Exceptional silver grade for out-of-pit inferred resource. - Negative factor: Inferred resource classification has lower geological confidence. Evidence · table > 294 Context: 4,100 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/silver-tiger-announces-a-pea-for-the-underground-with-an-after-tax-npv-of-us-304--4d3db948-09fc-41d0-82f1-c3b39fa9a1e4#fact-resource-facts-40) El Tigre · copper #### Identity - Project: El Tigre - Commodity: copper - Region: mexico - Reported Region: Sonora, Mexico - Ticker: SLVR #### Resource scope - Estimate type: resource - Effective date: 2025-06-20T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Dave Duncan, Charles Spath, Fred Brown, Eugene Puritch - Resource group id: resource:b028beec620db3ab9e96 - Deposit or zone: Out-Of-Pit - Mining method: combined - Ownership percent: 100 % #### Resource Data - Category: inferred - Tonnes: 4100000 - Grade: 0.32 - Grade Unit: % - Cutoff Grade: 1.28 - Cutoff Unit: g/t AuEq #### Prior Estimate - Resource Date: 2025-06-20 #### Metal Equivalent - Assumptions Disclosed: Yes #### Lab - Laboratory: Bureau Veritas #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-20T00:00:00.000Z Reasoning: The inferred copper resource is present but at a very low grade, suggesting it is a minor byproduct rather than a primary economic driver, and requires further drilling to upgrade confidence. - Negative factor: Inferred resource classification has lower geological confidence. - Negative factor: Copper grade of 0.32% is weak and likely not economic as a primary commodity. Evidence · table > 0.32 Context: 4,100 #### 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 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/silver-tiger-announces-a-pea-for-the-underground-with-an-after-tax-npv-of-us-304--4d3db948-09fc-41d0-82f1-c3b39fa9a1e4#fact-resource-facts-41) El Tigre · lead #### Identity - Project: El Tigre - Commodity: lead - Region: mexico - Reported Region: Sonora, Mexico - Ticker: SLVR #### Resource scope - Estimate type: resource - Effective date: 2025-06-20T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Dave Duncan, Charles Spath, Fred Brown, Eugene Puritch - Resource group id: resource:b028beec620db3ab9e96 - Deposit or zone: Out-Of-Pit - Mining method: combined - Ownership percent: 100 % #### Resource Data - Category: inferred - Tonnes: 4100000 - Grade: 0.75 - Grade Unit: % - Cutoff Grade: 1.28 - Cutoff Unit: g/t AuEq #### Prior Estimate - Resource Date: 2025-06-20 #### Metal Equivalent - Assumptions Disclosed: Yes #### Lab - Laboratory: Bureau Veritas #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-20T00:00:00.000Z Reasoning: The inferred lead resource is present but at a very low grade, suggesting it is a minor byproduct rather than a primary economic driver, and requires further drilling to upgrade confidence. - Negative factor: Inferred resource classification has lower geological confidence. - Negative factor: Lead grade of 0.75% is weak and likely not economic as a primary commodity. Evidence · table > 0.75 Context: 4,100 #### 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 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/silver-tiger-announces-a-pea-for-the-underground-with-an-after-tax-npv-of-us-304--4d3db948-09fc-41d0-82f1-c3b39fa9a1e4#fact-resource-facts-42) El Tigre · zinc #### Identity - Project: El Tigre - Commodity: zinc - Region: mexico - Reported Region: Sonora, Mexico - Ticker: SLVR #### Resource scope - Estimate type: resource - Effective date: 2025-06-20T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Dave Duncan, Charles Spath, Fred Brown, Eugene Puritch - Resource group id: resource:b028beec620db3ab9e96 - Deposit or zone: Out-Of-Pit - Mining method: combined - Ownership percent: 100 % #### Resource Data - Category: inferred - Tonnes: 4100000 - Grade: 0.89 - Grade Unit: % - Cutoff Grade: 1.28 - Cutoff Unit: g/t AuEq #### Prior Estimate - Resource Date: 2025-06-20 #### Metal Equivalent - Assumptions Disclosed: Yes #### Lab - Laboratory: Bureau Veritas #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-20T00:00:00.000Z Reasoning: The inferred zinc resource is present but at a very low grade, suggesting it is a minor byproduct rather than a primary economic driver, and requires further drilling to upgrade confidence. - Negative factor: Inferred resource classification has lower geological confidence. - Negative factor: Zinc grade of 0.89% is weak and likely not economic as a primary commodity. Evidence · table > 0.89 Context: 4,100 #### 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 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### measured [Link to this fact](https://atlas-extractions.minestarters.com/news/silver-tiger-announces-a-pea-for-the-underground-with-an-after-tax-npv-of-us-304--4d3db948-09fc-41d0-82f1-c3b39fa9a1e4#fact-resource-facts-43) El Tigre · gold #### Identity - Project: El Tigre - Commodity: gold - Region: mexico - Reported Region: Sonora, Mexico - Ticker: SLVR #### Resource scope - Estimate type: resource - Effective date: 2025-06-20T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Dave Duncan, Charles Spath, Fred Brown, Eugene Puritch - Resource group id: resource:6ec2756469805435af4b - Deposit or zone: Tailings - Mining method: combined - Ownership percent: 100 % #### Resource Data - Category: measured - Tonnes: 146000 - Grade: 0.29 - Grade Unit: g/t - Contained Metal: 1 - Contained Unit: koz - Cutoff Grade: 0.45 - Cutoff Unit: g/t AuEq #### Prior Estimate - Resource Date: 2025-06-20 #### Metal Equivalent - Assumptions Disclosed: Yes #### Lab - Laboratory: Bureau Veritas #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-20T00:00:00.000Z Reasoning: The measured gold resource in tailings provides a small, low-grade component that could be reprocessed. - Positive factor: Measured resource classification indicates high geological confidence. - Negative factor: Gold grade of 0.29 g/t for tailings is low. Evidence · table > 0.29 Context: 146 #### 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 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### measured [Link to this fact](https://atlas-extractions.minestarters.com/news/silver-tiger-announces-a-pea-for-the-underground-with-an-after-tax-npv-of-us-304--4d3db948-09fc-41d0-82f1-c3b39fa9a1e4#fact-resource-facts-44) El Tigre · silver #### Identity - Project: El Tigre - Commodity: silver - Region: mexico - Reported Region: Sonora, Mexico - Ticker: SLVR #### Resource scope - Estimate type: resource - Effective date: 2025-06-20T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Dave Duncan, Charles Spath, Fred Brown, Eugene Puritch - Resource group id: resource:6ec2756469805435af4b - Deposit or zone: Tailings - Mining method: combined - Ownership percent: 100 % #### Resource Data - Category: measured - Tonnes: 146000 - Grade: 79 - Grade Unit: g/t - Contained Metal: 371 - Contained Unit: koz - Cutoff Grade: 0.45 - Cutoff Unit: g/t AuEq #### Prior Estimate - Resource Date: 2025-06-20 #### Metal Equivalent - Assumptions Disclosed: Yes #### Lab - Laboratory: Bureau Veritas #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-20T00:00:00.000Z Reasoning: The measured silver resource in tailings provides a small, good-grade component that could be reprocessed. - Positive factor: Measured resource classification indicates high geological confidence. - Positive factor: Good silver grade for tailings material. Evidence · table > 79 Context: 146 #### 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 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/silver-tiger-announces-a-pea-for-the-underground-with-an-after-tax-npv-of-us-304--4d3db948-09fc-41d0-82f1-c3b39fa9a1e4#fact-resource-facts-45) El Tigre · gold #### Identity - Project: El Tigre - Commodity: gold - Region: mexico - Reported Region: Sonora, Mexico - Ticker: SLVR #### Resource scope - Estimate type: resource - Effective date: 2025-06-20T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Dave Duncan, Charles Spath, Fred Brown, Eugene Puritch - Resource group id: resource:95264a442de021a03d89 - Deposit or zone: Tailings - Mining method: combined - Ownership percent: 100 % #### Resource Data - Category: indicated - Tonnes: 706000 - Grade: 0.26 - Grade Unit: g/t - Contained Metal: 6 - Contained Unit: koz - Cutoff Grade: 0.45 - Cutoff Unit: g/t AuEq #### Prior Estimate - Resource Date: 2025-06-20 #### Metal Equivalent - Assumptions Disclosed: Yes #### Lab - Laboratory: Bureau Veritas #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-20T00:00:00.000Z Reasoning: The indicated gold resource in tailings provides a small, low-grade component that could be reprocessed. - Positive factor: Indicated resource classification provides reasonable geological confidence. - Negative factor: Gold grade of 0.26 g/t for tailings is low. Evidence · table > 0.26 Context: 706 #### 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 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/silver-tiger-announces-a-pea-for-the-underground-with-an-after-tax-npv-of-us-304--4d3db948-09fc-41d0-82f1-c3b39fa9a1e4#fact-resource-facts-46) El Tigre · silver #### Identity - Project: El Tigre - Commodity: silver - Region: mexico - Reported Region: Sonora, Mexico - Ticker: SLVR #### Resource scope - Estimate type: resource - Effective date: 2025-06-20T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Dave Duncan, Charles Spath, Fred Brown, Eugene Puritch - Resource group id: resource:95264a442de021a03d89 - Deposit or zone: Tailings - Mining method: combined - Ownership percent: 100 % #### Resource Data - Category: indicated - Tonnes: 706000 - Grade: 77 - Grade Unit: g/t - Contained Metal: 1752 - Contained Unit: koz - Cutoff Grade: 0.45 - Cutoff Unit: g/t AuEq #### Prior Estimate - Resource Date: 2025-06-20 #### Metal Equivalent - Assumptions Disclosed: Yes #### Lab - Laboratory: Bureau Veritas #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-20T00:00:00.000Z Reasoning: The indicated silver resource in tailings provides a small, good-grade component that could be reprocessed. - Positive factor: Indicated resource classification provides reasonable geological confidence. - Positive factor: Good silver grade for tailings material. Evidence · table > 77 Context: 706 #### 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 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/silver-tiger-announces-a-pea-for-the-underground-with-an-after-tax-npv-of-us-304--4d3db948-09fc-41d0-82f1-c3b39fa9a1e4#fact-resource-facts-47) El Tigre · gold #### Identity - Project: El Tigre - Commodity: gold - Region: mexico - Reported Region: Sonora, Mexico - Ticker: SLVR #### Resource scope - Estimate type: resource - Effective date: 2025-06-20T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Dave Duncan, Charles Spath, Fred Brown, Eugene Puritch - Resource group id: resource:637a7932669db22fbdfc - Deposit or zone: Tailings - Mining method: combined - Ownership percent: 100 % #### Resource Data - Category: inferred - Tonnes: 52000 - Grade: 0.27 - Grade Unit: g/t - Contained Metal: 1 - Contained Unit: koz - Cutoff Grade: 0.45 - Cutoff Unit: g/t AuEq #### Prior Estimate - Resource Date: 2025-06-20 #### Metal Equivalent - Assumptions Disclosed: Yes #### Lab - Laboratory: Bureau Veritas #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-20T00:00:00.000Z Reasoning: The inferred gold resource in tailings provides a small, low-grade component that could be reprocessed, but requires further drilling to upgrade confidence. - Negative factor: Inferred resource classification has lower geological confidence. - Negative factor: Gold grade of 0.27 g/t for tailings is low. Evidence · table > 0.27 Context: 52 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/silver-tiger-announces-a-pea-for-the-underground-with-an-after-tax-npv-of-us-304--4d3db948-09fc-41d0-82f1-c3b39fa9a1e4#fact-resource-facts-48) El Tigre · silver #### Identity - Project: El Tigre - Commodity: silver - Region: mexico - Reported Region: Sonora, Mexico - Ticker: SLVR #### Resource scope - Estimate type: resource - Effective date: 2025-06-20T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Dave Duncan, Charles Spath, Fred Brown, Eugene Puritch - Resource group id: resource:637a7932669db22fbdfc - Deposit or zone: Tailings - Mining method: combined - Ownership percent: 100 % #### Resource Data - Category: inferred - Tonnes: 52000 - Grade: 81 - Grade Unit: g/t - Contained Metal: 134 - Contained Unit: koz - Cutoff Grade: 0.45 - Cutoff Unit: g/t AuEq #### Prior Estimate - Resource Date: 2025-06-20 #### Metal Equivalent - Assumptions Disclosed: Yes #### Lab - Laboratory: Bureau Veritas #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-20T00:00:00.000Z Reasoning: The inferred silver resource in tailings provides a small, good-grade component that could be reprocessed, but requires further drilling to upgrade confidence. - Positive factor: Good silver grade for tailings material. - Negative factor: Inferred resource classification has lower geological confidence. Evidence · table > 81 Context: 52 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/silver-tiger-announces-a-pea-for-the-underground-with-an-after-tax-npv-of-us-304--4d3db948-09fc-41d0-82f1-c3b39fa9a1e4#fact-resource-facts-49) El Tigre · gold #### Identity - Project: El Tigre - Commodity: gold - Region: mexico - Reported Region: Sonora, Mexico - Ticker: SLVR #### Resource scope - Estimate type: resource - Effective date: 2025-06-20T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Dave Duncan, Charles Spath, Fred Brown, Eugene Puritch - Resource group id: resource:11e0d53b4ee9262cdb27 - Deposit or zone: Stockpile - Mining method: combined - Ownership percent: 100 % #### Resource Data - Category: indicated - Tonnes: 101000 - Grade: 0.92 - Grade Unit: g/t - Contained Metal: 3 - Contained Unit: koz - Cutoff Grade: 0.46 - Cutoff Unit: g/t AuEq #### Prior Estimate - Resource Date: 2025-06-20 #### Metal Equivalent - Assumptions Disclosed: Yes #### Lab - Laboratory: Bureau Veritas #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-20T00:00:00.000Z Reasoning: The indicated gold resource in the stockpile provides a small, good-grade component that can be readily processed. - Positive factor: Indicated resource classification provides reasonable geological confidence. - Positive factor: Good gold grade for stockpile material. Evidence · table > 0.92 Context: 101 #### 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 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/silver-tiger-announces-a-pea-for-the-underground-with-an-after-tax-npv-of-us-304--4d3db948-09fc-41d0-82f1-c3b39fa9a1e4#fact-resource-facts-50) El Tigre · silver #### Identity - Project: El Tigre - Commodity: silver - Region: mexico - Reported Region: Sonora, Mexico - Ticker: SLVR #### Resource scope - Estimate type: resource - Effective date: 2025-06-20T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Dave Duncan, Charles Spath, Fred Brown, Eugene Puritch - Resource group id: resource:11e0d53b4ee9262cdb27 - Deposit or zone: Stockpile - Mining method: combined - Ownership percent: 100 % #### Resource Data - Category: indicated - Tonnes: 101000 - Grade: 181 - Grade Unit: g/t - Contained Metal: 586 - Contained Unit: koz - Cutoff Grade: 0.46 - Cutoff Unit: g/t AuEq #### Prior Estimate - Resource Date: 2025-06-20 #### Metal Equivalent - Assumptions Disclosed: Yes #### Lab - Laboratory: Bureau Veritas #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-20T00:00:00.000Z Reasoning: The indicated silver resource in the stockpile provides a small, high-grade component that can be readily processed. - Positive factor: Indicated resource classification provides reasonable geological confidence. - Positive factor: High silver grade for stockpile material. Evidence · table > 181 Context: 101 #### 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 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/silver-tiger-announces-a-pea-for-the-underground-with-an-after-tax-npv-of-us-304--4d3db948-09fc-41d0-82f1-c3b39fa9a1e4#fact-resource-facts-51) El Tigre · copper #### Identity - Project: El Tigre - Commodity: copper - Region: mexico - Reported Region: Sonora, Mexico - Ticker: SLVR #### Resource scope - Estimate type: resource - Effective date: 2025-06-20T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Dave Duncan, Charles Spath, Fred Brown, Eugene Puritch - Resource group id: resource:11e0d53b4ee9262cdb27 - Deposit or zone: Stockpile - Mining method: combined - Ownership percent: 100 % #### Resource Data - Category: indicated - Tonnes: 101000 - Grade: 0.02 - Grade Unit: % - Cutoff Grade: 0.46 - Cutoff Unit: g/t AuEq #### Prior Estimate - Resource Date: 2025-06-20 #### Metal Equivalent - Assumptions Disclosed: Yes #### Lab - Laboratory: Bureau Veritas #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-20T00:00:00.000Z Reasoning: The indicated copper resource in the stockpile is present but at a negligible grade, indicating it is a trace element. - Positive factor: Indicated resource classification provides reasonable geological confidence. - Negative factor: Copper grade of 0.02% is very weak and likely not economic. Evidence · table > 0.02 Context: 101 #### 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 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/silver-tiger-announces-a-pea-for-the-underground-with-an-after-tax-npv-of-us-304--4d3db948-09fc-41d0-82f1-c3b39fa9a1e4#fact-resource-facts-52) El Tigre · lead #### Identity - Project: El Tigre - Commodity: lead - Region: mexico - Reported Region: Sonora, Mexico - Ticker: SLVR #### Resource scope - Estimate type: resource - Effective date: 2025-06-20T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Dave Duncan, Charles Spath, Fred Brown, Eugene Puritch - Resource group id: resource:11e0d53b4ee9262cdb27 - Deposit or zone: Stockpile - Mining method: combined - Ownership percent: 100 % #### Resource Data - Category: indicated - Tonnes: 101000 - Grade: 0.23 - Grade Unit: % - Cutoff Grade: 0.46 - Cutoff Unit: g/t AuEq #### Prior Estimate - Resource Date: 2025-06-20 #### Metal Equivalent - Assumptions Disclosed: Yes #### Lab - Laboratory: Bureau Veritas #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-20T00:00:00.000Z Reasoning: The indicated lead resource in the stockpile is present but at a negligible grade, indicating it is a trace element. - Positive factor: Indicated resource classification provides reasonable geological confidence. - Negative factor: Lead grade of 0.23% is very weak and likely not economic. Evidence · table > 0.23 Context: 101 #### 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 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/silver-tiger-announces-a-pea-for-the-underground-with-an-after-tax-npv-of-us-304--4d3db948-09fc-41d0-82f1-c3b39fa9a1e4#fact-resource-facts-53) El Tigre · zinc #### Identity - Project: El Tigre - Commodity: zinc - Region: mexico - Reported Region: Sonora, Mexico - Ticker: SLVR #### Resource scope - Estimate type: resource - Effective date: 2025-06-20T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Dave Duncan, Charles Spath, Fred Brown, Eugene Puritch - Resource group id: resource:11e0d53b4ee9262cdb27 - Deposit or zone: Stockpile - Mining method: combined - Ownership percent: 100 % #### Resource Data - Category: indicated - Tonnes: 101000 - Grade: 0.1 - Grade Unit: % - Cutoff Grade: 0.46 - Cutoff Unit: g/t AuEq #### Prior Estimate - Resource Date: 2025-06-20 #### Metal Equivalent - Assumptions Disclosed: Yes #### Lab - Laboratory: Bureau Veritas #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-20T00:00:00.000Z Reasoning: The indicated zinc resource in the stockpile is present but at a negligible grade, indicating it is a trace element. - Positive factor: Indicated resource classification provides reasonable geological confidence. - Negative factor: Zinc grade of 0.10% is very weak and likely not economic. Evidence · table > 0.10 Context: 101 #### 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 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/silver-tiger-announces-a-pea-for-the-underground-with-an-after-tax-npv-of-us-304--4d3db948-09fc-41d0-82f1-c3b39fa9a1e4#fact-resource-facts-54) El Tigre · gold #### Identity - Project: El Tigre - Commodity: gold - Region: mexico - Reported Region: Sonora, Mexico - Ticker: SLVR #### Resource scope - Estimate type: resource - Effective date: 2025-06-20T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Dave Duncan, Charles Spath, Fred Brown, Eugene Puritch - Resource group id: resource:8d535c5d9d02f6774ed4 - Deposit or zone: Stockpile - Mining method: combined - Ownership percent: 100 % #### Resource Data - Category: inferred - Tonnes: 18000 - Grade: 0.46 - Grade Unit: g/t - Contained Metal: 0.3 - Contained Unit: koz - Cutoff Grade: 0.46 - Cutoff Unit: g/t AuEq #### Prior Estimate - Resource Date: 2025-06-20 #### Metal Equivalent - Assumptions Disclosed: Yes #### Lab - Laboratory: Bureau Veritas #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-20T00:00:00.000Z Reasoning: The inferred gold resource in the stockpile provides a small, moderate-grade component that requires further drilling to upgrade confidence. - Negative factor: Inferred resource classification has lower geological confidence. - Negative factor: Gold grade of 0.46 g/t for stockpile material is moderate. Evidence · table > 0.46 Context: 18 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/silver-tiger-announces-a-pea-for-the-underground-with-an-after-tax-npv-of-us-304--4d3db948-09fc-41d0-82f1-c3b39fa9a1e4#fact-resource-facts-55) El Tigre · silver #### Identity - Project: El Tigre - Commodity: silver - Region: mexico - Reported Region: Sonora, Mexico - Ticker: SLVR #### Resource scope - Estimate type: resource - Effective date: 2025-06-20T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Dave Duncan, Charles Spath, Fred Brown, Eugene Puritch - Resource group id: resource:8d535c5d9d02f6774ed4 - Deposit or zone: Stockpile - Mining method: combined - Ownership percent: 100 % #### Resource Data - Category: inferred - Tonnes: 18000 - Grade: 146 - Grade Unit: g/t - Contained Metal: 83 - Contained Unit: koz - Cutoff Grade: 0.46 - Cutoff Unit: g/t AuEq #### Prior Estimate - Resource Date: 2025-06-20 #### Metal Equivalent - Assumptions Disclosed: Yes #### Lab - Laboratory: Bureau Veritas #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-20T00:00:00.000Z Reasoning: The inferred silver resource in the stockpile provides a small, good-grade component that requires further drilling to upgrade confidence. - Positive factor: Good silver grade for stockpile material. - Negative factor: Inferred resource classification has lower geological confidence. Evidence · table > 146 Context: 18 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/silver-tiger-announces-a-pea-for-the-underground-with-an-after-tax-npv-of-us-304--4d3db948-09fc-41d0-82f1-c3b39fa9a1e4#fact-resource-facts-56) El Tigre · copper #### Identity - Project: El Tigre - Commodity: copper - Region: mexico - Reported Region: Sonora, Mexico - Ticker: SLVR #### Resource scope - Estimate type: resource - Effective date: 2025-06-20T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Dave Duncan, Charles Spath, Fred Brown, Eugene Puritch - Resource group id: resource:8d535c5d9d02f6774ed4 - Deposit or zone: Stockpile - Mining method: combined - Ownership percent: 100 % #### Resource Data - Category: inferred - Tonnes: 18000 - Grade: 0.02 - Grade Unit: % - Cutoff Grade: 0.46 - Cutoff Unit: g/t AuEq #### Prior Estimate - Resource Date: 2025-06-20 #### Metal Equivalent - Assumptions Disclosed: Yes #### Lab - Laboratory: Bureau Veritas #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-20T00:00:00.000Z Reasoning: The inferred copper resource in the stockpile is present but at a negligible grade, indicating it is a trace element, and requires further drilling to upgrade confidence. - Negative factor: Inferred resource classification has lower geological confidence. - Negative factor: Copper grade of 0.02% is very weak and likely not economic. Evidence · table > 0.02 Context: 18 #### 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 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/silver-tiger-announces-a-pea-for-the-underground-with-an-after-tax-npv-of-us-304--4d3db948-09fc-41d0-82f1-c3b39fa9a1e4#fact-resource-facts-57) El Tigre · lead #### Identity - Project: El Tigre - Commodity: lead - Region: mexico - Reported Region: Sonora, Mexico - Ticker: SLVR #### Resource scope - Estimate type: resource - Effective date: 2025-06-20T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Dave Duncan, Charles Spath, Fred Brown, Eugene Puritch - Resource group id: resource:8d535c5d9d02f6774ed4 - Deposit or zone: Stockpile - Mining method: combined - Ownership percent: 100 % #### Resource Data - Category: inferred - Tonnes: 18000 - Grade: 0.17 - Grade Unit: % - Cutoff Grade: 0.46 - Cutoff Unit: g/t AuEq #### Prior Estimate - Resource Date: 2025-06-20 #### Metal Equivalent - Assumptions Disclosed: Yes #### Lab - Laboratory: Bureau Veritas #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-20T00:00:00.000Z Reasoning: The inferred lead resource in the stockpile is present but at a negligible grade, indicating it is a trace element, and requires further drilling to upgrade confidence. - Negative factor: Inferred resource classification has lower geological confidence. - Negative factor: Lead grade of 0.17% is very weak and likely not economic. Evidence · table > 0.17 Context: 18 #### 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 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/silver-tiger-announces-a-pea-for-the-underground-with-an-after-tax-npv-of-us-304--4d3db948-09fc-41d0-82f1-c3b39fa9a1e4#fact-resource-facts-58) El Tigre · zinc #### Identity - Project: El Tigre - Commodity: zinc - Region: mexico - Reported Region: Sonora, Mexico - Ticker: SLVR #### Resource scope - Estimate type: resource - Effective date: 2025-06-20T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Dave Duncan, Charles Spath, Fred Brown, Eugene Puritch - Resource group id: resource:8d535c5d9d02f6774ed4 - Deposit or zone: Stockpile - Mining method: combined - Ownership percent: 100 % #### Resource Data - Category: inferred - Tonnes: 18000 - Grade: 0.09 - Grade Unit: % - Cutoff Grade: 0.46 - Cutoff Unit: g/t AuEq #### Prior Estimate - Resource Date: 2025-06-20 #### Metal Equivalent - Assumptions Disclosed: Yes #### Lab - Laboratory: Bureau Veritas #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-20T00:00:00.000Z Reasoning: The inferred zinc resource in the stockpile is present but at a negligible grade, indicating it is a trace element, and requires further drilling to upgrade confidence. - Negative factor: Inferred resource classification has lower geological confidence. - Negative factor: Zinc grade of 0.09% is very weak and likely not economic. Evidence · table > 0.09 Context: 18 #### 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 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### proven [Link to this fact](https://atlas-extractions.minestarters.com/news/silver-tiger-announces-a-pea-for-the-underground-with-an-after-tax-npv-of-us-304--4d3db948-09fc-41d0-82f1-c3b39fa9a1e4#fact-resource-facts-59) El Tigre · gold #### Identity - Project: El Tigre - Commodity: gold - Region: mexico - Reported Region: Sonora, Mexico - Ticker: SLVR #### Resource scope - Estimate type: reserve - Effective date: 2024-10-22T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Andrew Bradfield - Resource group id: resource:09a3779c968283f7bed5 - Mining method: open\_pit - Ownership percent: 100 % #### Resource Data - Category: proven - Tonnes: 24220 - Grade: 0.43 - Grade Unit: g/t - Contained Metal: 329 - Contained Unit: koz - Cutoff Grade: 0.11 - Cutoff Unit: g/t AuEq #### Prior Estimate - Resource Date: 2024-10-22 #### Metal Equivalent - Metal Eq. Grade: 0.52 - Metal Eq. Unit: g/t AuEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-20T00:00:00.000Z Reasoning: The proven oxide gold reserve contributes significantly to the project's economic viability and de-risking. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: Proven reserve classification indicates high confidence. - Positive factor: Good gold grade for an open pit oxide reserve. Evidence · table > 0.43 Context: 24,220 #### 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 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### proven [Link to this fact](https://atlas-extractions.minestarters.com/news/silver-tiger-announces-a-pea-for-the-underground-with-an-after-tax-npv-of-us-304--4d3db948-09fc-41d0-82f1-c3b39fa9a1e4#fact-resource-facts-60) El Tigre · silver #### Identity - Project: El Tigre - Commodity: silver - Region: mexico - Reported Region: Sonora, Mexico - Ticker: SLVR #### Resource scope - Estimate type: reserve - Effective date: 2024-10-22T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Andrew Bradfield - Resource group id: resource:09a3779c968283f7bed5 - Mining method: open\_pit - Ownership percent: 100 % #### Resource Data - Category: proven - Tonnes: 24220 - Grade: 14.7 - Grade Unit: g/t - Contained Metal: 11453 - Contained Unit: koz - Cutoff Grade: 0.11 - Cutoff Unit: g/t AuEq #### Prior Estimate - Resource Date: 2024-10-22 #### Metal Equivalent - Metal Eq. Grade: 0.52 - Metal Eq. Unit: g/t AuEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-20T00:00:00.000Z Reasoning: The proven oxide gold reserve contributes significantly to the project's economic viability and de-risking. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: Proven reserve classification indicates high confidence. - Positive factor: Good gold grade for an open pit oxide reserve. Evidence · table > 14.7 Context: 24,220 #### 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 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### probable [Link to this fact](https://atlas-extractions.minestarters.com/news/silver-tiger-announces-a-pea-for-the-underground-with-an-after-tax-npv-of-us-304--4d3db948-09fc-41d0-82f1-c3b39fa9a1e4#fact-resource-facts-61) El Tigre · gold #### Identity - Project: El Tigre - Commodity: gold - Region: mexico - Reported Region: Sonora, Mexico - Ticker: SLVR #### Resource scope - Estimate type: reserve - Effective date: 2024-10-22T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Andrew Bradfield - Resource group id: resource:4fb170647f0ebd852c55 - Mining method: open\_pit - Ownership percent: 100 % #### Resource Data - Category: probable - Tonnes: 16073 - Grade: 0.37 - Grade Unit: g/t - Contained Metal: 194 - Contained Unit: koz - Cutoff Grade: 0.11 - Cutoff Unit: g/t AuEq #### Prior Estimate - Resource Date: 2024-10-22 #### Metal Equivalent - Metal Eq. Grade: 0.47 - Metal Eq. Unit: g/t AuEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-20T00:00:00.000Z Reasoning: The probable oxide gold reserve adds to the project's overall resource base, though at a moderate grade. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: Probable reserve classification indicates reasonable confidence. - Negative factor: Gold grade of 0.37 g/t for oxide material is moderate. Evidence · table > 0.37 Context: 16,073 #### 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 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### probable [Link to this fact](https://atlas-extractions.minestarters.com/news/silver-tiger-announces-a-pea-for-the-underground-with-an-after-tax-npv-of-us-304--4d3db948-09fc-41d0-82f1-c3b39fa9a1e4#fact-resource-facts-62) El Tigre · silver #### Identity - Project: El Tigre - Commodity: silver - Region: mexico - Reported Region: Sonora, Mexico - Ticker: SLVR #### Resource scope - Estimate type: reserve - Effective date: 2024-10-22T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Andrew Bradfield - Resource group id: resource:4fb170647f0ebd852c55 - Mining method: open\_pit - Ownership percent: 100 % #### Resource Data - Category: probable - Tonnes: 16073 - Grade: 15.3 - Grade Unit: g/t - Contained Metal: 7901 - Contained Unit: koz - Cutoff Grade: 0.11 - Cutoff Unit: g/t AuEq #### Prior Estimate - Resource Date: 2024-10-22 #### Metal Equivalent - Metal Eq. Grade: 0.47 - Metal Eq. Unit: g/t AuEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-20T00:00:00.000Z Reasoning: The probable oxide gold reserve adds to the project's overall resource base, though at a moderate grade. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: Probable reserve classification indicates reasonable confidence. - Negative factor: Gold grade of 0.37 g/t for oxide material is moderate. Evidence · table > 15.3 Context: 16,073 #### 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 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### probable [Link to this fact](https://atlas-extractions.minestarters.com/news/silver-tiger-announces-a-pea-for-the-underground-with-an-after-tax-npv-of-us-304--4d3db948-09fc-41d0-82f1-c3b39fa9a1e4#fact-resource-facts-63) El Tigre · gold #### Identity - Project: El Tigre - Commodity: gold - Region: mexico - Reported Region: Sonora, Mexico - Ticker: SLVR #### Resource scope - Estimate type: reserve - Effective date: 2024-10-22T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Andrew Bradfield - Resource group id: resource:20b0c11b3989121ecd14 - Mining method: open\_pit - Ownership percent: 100 % #### Resource Data - Category: probable - Tonnes: 40292 - Grade: 0.4 - Grade Unit: g/t - Contained Metal: 523 - Contained Unit: koz - Cutoff Grade: 0.11 - Cutoff Unit: g/t AuEq #### Prior Estimate - Resource Date: 2024-10-22 #### Metal Equivalent - Metal Eq. Grade: 0.5 - Metal Eq. Unit: g/t AuEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-20T00:00:00.000Z Reasoning: The probable oxide gold reserve adds to the project's overall resource base, though at a moderate grade. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: Probable reserve classification indicates reasonable confidence. - Negative factor: Gold grade of 0.37 g/t for oxide material is moderate. Evidence · table > 0.4 Context: 40,292 #### 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 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### probable [Link to this fact](https://atlas-extractions.minestarters.com/news/silver-tiger-announces-a-pea-for-the-underground-with-an-after-tax-npv-of-us-304--4d3db948-09fc-41d0-82f1-c3b39fa9a1e4#fact-resource-facts-64) El Tigre · silver #### Identity - Project: El Tigre - Commodity: silver - Region: mexico - Reported Region: Sonora, Mexico - Ticker: SLVR #### Resource scope - Estimate type: reserve - Effective date: 2024-10-22T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Andrew Bradfield - Resource group id: resource:20b0c11b3989121ecd14 - Mining method: open\_pit - Ownership percent: 100 % #### Resource Data - Category: probable - Tonnes: 40292 - Grade: 14.9 - Grade Unit: g/t - Contained Metal: 19354 - Contained Unit: koz - Cutoff Grade: 0.11 - Cutoff Unit: g/t AuEq #### Prior Estimate - Resource Date: 2024-10-22 #### Metal Equivalent - Metal Eq. Grade: 0.5 - Metal Eq. Unit: g/t AuEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-20T00:00:00.000Z Reasoning: The probable oxide gold reserve adds to the project's overall resource base, though at a moderate grade. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: Probable reserve classification indicates reasonable confidence. - Negative factor: Gold grade of 0.37 g/t for oxide material is moderate. Evidence · table > 14.9 Context: 40,292 #### 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 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### measured [Link to this fact](https://atlas-extractions.minestarters.com/news/silver-tiger-announces-a-pea-for-the-underground-with-an-after-tax-npv-of-us-304--4d3db948-09fc-41d0-82f1-c3b39fa9a1e4#fact-resource-facts-65) El Tigre · silver #### Identity - Project: El Tigre - Commodity: silver - Region: mexico - Reported Region: Sonora, Mexico - Ticker: SLVR #### Resource scope - Estimate type: resource - Effective date: 2025-06-20T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Dave Duncan, Charles Spath, Fred Brown, Eugene Puritch - Resource group id: resource:5797a81da28d9ea1e47e - Deposit or zone: Pit-Constrained Oxide - Mining method: combined - Ownership percent: 100 % #### Resource Data - Category: measured - Tonnes: 27732 - Grade: 39 - Grade Unit: g/t - Contained Metal: 35034 - Contained Unit: koz - Cutoff Grade: 0.08 - Cutoff Unit: g/t AuEq #### Prior Estimate - Resource Date: 2025-06-20 #### Metal Equivalent - Metal Eq. Grade: 136 - Metal Eq. Unit: g/t AgEq - Assumptions Disclosed: Yes #### Lab - Laboratory: Bureau Veritas #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-20T00:00:00.000Z Reasoning: The measured gold resource in the pit-constrained oxide zone provides a high-confidence base for future studies and potential conversion to reserves. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: Measured resource classification indicates high geological confidence. - Positive factor: Good gold grade for pit-constrained oxide material. Evidence · table > 39 Context: 27,732 #### 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 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### measured [Link to this fact](https://atlas-extractions.minestarters.com/news/silver-tiger-announces-a-pea-for-the-underground-with-an-after-tax-npv-of-us-304--4d3db948-09fc-41d0-82f1-c3b39fa9a1e4#fact-resource-facts-66) El Tigre · gold #### Identity - Project: El Tigre - Commodity: gold - Region: mexico - Reported Region: Sonora, Mexico - Ticker: SLVR #### Resource scope - Estimate type: resource - Effective date: 2025-06-20T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Dave Duncan, Charles Spath, Fred Brown, Eugene Puritch - Resource group id: resource:5797a81da28d9ea1e47e - Deposit or zone: Pit-Constrained Oxide - Mining method: combined - Ownership percent: 100 % #### Resource Data - Category: measured - Tonnes: 27732 - Grade: 0.54 - Grade Unit: g/t - Contained Metal: 609 - Contained Unit: koz - Cutoff Grade: 0.08 - Cutoff Unit: g/t AuEq #### Prior Estimate - Resource Date: 2025-06-20 #### Metal Equivalent - Metal Eq. Grade: 136 - Metal Eq. Unit: g/t AgEq - Assumptions Disclosed: Yes #### Lab - Laboratory: Bureau Veritas #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-20T00:00:00.000Z Reasoning: The measured gold resource in the pit-constrained oxide zone provides a high-confidence base for future studies and potential conversion to reserves. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: Measured resource classification indicates high geological confidence. - Positive factor: Good gold grade for pit-constrained oxide material. Evidence · table > 0.54 Context: 27,732 #### 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 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/silver-tiger-announces-a-pea-for-the-underground-with-an-after-tax-npv-of-us-304--4d3db948-09fc-41d0-82f1-c3b39fa9a1e4#fact-resource-facts-67) El Tigre · silver #### Identity - Project: El Tigre - Commodity: silver - Region: mexico - Reported Region: Sonora, Mexico - Ticker: SLVR #### Resource scope - Estimate type: resource - Effective date: 2025-06-20T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Dave Duncan, Charles Spath, Fred Brown, Eugene Puritch - Resource group id: resource:5f2372fd3fa04f5e4a41 - Deposit or zone: Pit-Constrained Oxide - Mining method: combined - Ownership percent: 100 % #### Resource Data - Category: indicated - Tonnes: 19804 - Grade: 10 - Grade Unit: g/t - Contained Metal: 6593 - Contained Unit: koz - Cutoff Grade: 0.08 - Cutoff Unit: g/t AuEq #### Prior Estimate - Resource Date: 2025-06-20 #### Metal Equivalent - Metal Eq. Grade: 74 - Metal Eq. Unit: g/t AgEq - Assumptions Disclosed: Yes #### Lab - Laboratory: Bureau Veritas #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-20T00:00:00.000Z Reasoning: The indicated gold resource in the pit-constrained oxide zone adds to the project's resource base, though at a moderate grade. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: Indicated resource classification provides reasonable geological confidence. - Negative factor: Gold grade of 0.36 g/t for pit-constrained oxide material is moderate. Evidence · table > 10 Context: 19,804 #### 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 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/silver-tiger-announces-a-pea-for-the-underground-with-an-after-tax-npv-of-us-304--4d3db948-09fc-41d0-82f1-c3b39fa9a1e4#fact-resource-facts-68) El Tigre · gold #### Identity - Project: El Tigre - Commodity: gold - Region: mexico - Reported Region: Sonora, Mexico - Ticker: SLVR #### Resource scope - Estimate type: resource - Effective date: 2025-06-20T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Dave Duncan, Charles Spath, Fred Brown, Eugene Puritch - Resource group id: resource:5f2372fd3fa04f5e4a41 - Deposit or zone: Pit-Constrained Oxide - Mining method: combined - Ownership percent: 100 % #### Resource Data - Category: indicated - Tonnes: 19804 - Grade: 0.36 - Grade Unit: g/t - Contained Metal: 75 - Contained Unit: koz - Cutoff Grade: 0.08 - Cutoff Unit: g/t AuEq #### Prior Estimate - Resource Date: 2025-06-20 #### Metal Equivalent - Metal Eq. Grade: 74 - Metal Eq. Unit: g/t AgEq - Assumptions Disclosed: Yes #### Lab - Laboratory: Bureau Veritas #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-20T00:00:00.000Z Reasoning: The indicated gold resource in the pit-constrained oxide zone adds to the project's resource base, though at a moderate grade. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: Indicated resource classification provides reasonable geological confidence. - Negative factor: Gold grade of 0.36 g/t for pit-constrained oxide material is moderate. Evidence · table > 0.36 Context: 19,804 #### 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 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/silver-tiger-announces-a-pea-for-the-underground-with-an-after-tax-npv-of-us-304--4d3db948-09fc-41d0-82f1-c3b39fa9a1e4#fact-resource-facts-69) El Tigre · silver #### Identity - Project: El Tigre - Commodity: silver - Region: mexico - Reported Region: Sonora, Mexico - Ticker: SLVR #### Resource scope - Estimate type: resource - Effective date: 2025-06-20T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Dave Duncan, Charles Spath, Fred Brown, Eugene Puritch - Resource group id: resource:e3d12e8db32370c6bfc0 - Deposit or zone: Pit-Constrained Oxide - Mining method: combined - Ownership percent: 100 % #### Resource Data - Category: inferred - Tonnes: 4475 - Grade: 10 - Grade Unit: g/t - Contained Metal: 1453 - Contained Unit: koz - Cutoff Grade: 0.08 - Cutoff Unit: g/t AuEq #### Prior Estimate - Resource Date: 2025-06-20 #### Metal Equivalent - Metal Eq. Grade: 77 - Metal Eq. Unit: g/t AgEq - Assumptions Disclosed: Yes #### Lab - Laboratory: Bureau Veritas #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-20T00:00:00.000Z Reasoning: The inferred gold resource provides exploration upside but requires further drilling to upgrade confidence. \(Expanded from multi-commodity resource table for completeness.\) - Negative factor: Inferred resource classification has lower geological confidence. - Negative factor: Gold grade of 0.38 g/t for pit-constrained oxide material is moderate. Evidence · table > 10 Context: 4,475 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/silver-tiger-announces-a-pea-for-the-underground-with-an-after-tax-npv-of-us-304--4d3db948-09fc-41d0-82f1-c3b39fa9a1e4#fact-resource-facts-70) El Tigre · gold #### Identity - Project: El Tigre - Commodity: gold - Region: mexico - Reported Region: Sonora, Mexico - Ticker: SLVR #### Resource scope - Estimate type: resource - Effective date: 2025-06-20T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Dave Duncan, Charles Spath, Fred Brown, Eugene Puritch - Resource group id: resource:e3d12e8db32370c6bfc0 - Deposit or zone: Pit-Constrained Oxide - Mining method: combined - Ownership percent: 100 % #### Resource Data - Category: inferred - Tonnes: 4475 - Grade: 0.38 - Grade Unit: g/t - Contained Metal: 18 - Contained Unit: koz - Cutoff Grade: 0.08 - Cutoff Unit: g/t AuEq #### Prior Estimate - Resource Date: 2025-06-20 #### Metal Equivalent - Metal Eq. Grade: 77 - Metal Eq. Unit: g/t AgEq - Assumptions Disclosed: Yes #### Lab - Laboratory: Bureau Veritas #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-20T00:00:00.000Z Reasoning: The inferred gold resource provides exploration upside but requires further drilling to upgrade confidence. \(Expanded from multi-commodity resource table for completeness.\) - Negative factor: Inferred resource classification has lower geological confidence. - Negative factor: Gold grade of 0.38 g/t for pit-constrained oxide material is moderate. Evidence · table > 0.38 Context: 4,475 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### measured [Link to this fact](https://atlas-extractions.minestarters.com/news/silver-tiger-announces-a-pea-for-the-underground-with-an-after-tax-npv-of-us-304--4d3db948-09fc-41d0-82f1-c3b39fa9a1e4#fact-resource-facts-71) El Tigre · silver #### Identity - Project: El Tigre - Commodity: silver - Region: mexico - Reported Region: Sonora, Mexico - Ticker: SLVR #### Resource scope - Estimate type: resource - Effective date: 2025-06-20T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Dave Duncan, Charles Spath, Fred Brown, Eugene Puritch - Resource group id: resource:f3e04970aa61fd1a276f - Deposit or zone: Pit-Constrained Oxide - Mining method: combined - Ownership percent: 100 % #### Resource Data - Category: measured - Tonnes: 6031 - Grade: 31 - Grade Unit: g/t - Contained Metal: 6042 - Contained Unit: koz - Cutoff Grade: 0.08 - Cutoff Unit: g/t AuEq #### Prior Estimate - Resource Date: 2025-06-20 #### Metal Equivalent - Metal Eq. Grade: 96 - Metal Eq. Unit: g/t AgEq - Assumptions Disclosed: Yes #### Lab - Laboratory: Bureau Veritas #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-20T00:00:00.000Z Reasoning: The measured gold resource in the pit-constrained oxide zone provides a high-confidence base for future studies and potential conversion to reserves. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: Measured resource classification indicates high geological confidence. - Positive factor: Good gold grade for pit-constrained oxide material. Evidence · table > 31 Context: 6,031 #### 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 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### measured [Link to this fact](https://atlas-extractions.minestarters.com/news/silver-tiger-announces-a-pea-for-the-underground-with-an-after-tax-npv-of-us-304--4d3db948-09fc-41d0-82f1-c3b39fa9a1e4#fact-resource-facts-72) El Tigre · gold #### Identity - Project: El Tigre - Commodity: gold - Region: mexico - Reported Region: Sonora, Mexico - Ticker: SLVR #### Resource scope - Estimate type: resource - Effective date: 2025-06-20T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Dave Duncan, Charles Spath, Fred Brown, Eugene Puritch - Resource group id: resource:f3e04970aa61fd1a276f - Deposit or zone: Pit-Constrained Oxide - Mining method: combined - Ownership percent: 100 % #### Resource Data - Category: measured - Tonnes: 6031 - Grade: 0.54 - Grade Unit: g/t - Contained Metal: 105 - Contained Unit: koz - Cutoff Grade: 0.08 - Cutoff Unit: g/t AuEq #### Prior Estimate - Resource Date: 2025-06-20 #### Metal Equivalent - Metal Eq. Grade: 96 - Metal Eq. Unit: g/t AgEq - Assumptions Disclosed: Yes #### Lab - Laboratory: Bureau Veritas #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-20T00:00:00.000Z Reasoning: The measured gold resource in the pit-constrained oxide zone provides a high-confidence base for future studies and potential conversion to reserves. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: Measured resource classification indicates high geological confidence. - Positive factor: Good gold grade for pit-constrained oxide material. Evidence · table > 0.54 Context: 6,031 #### 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 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/silver-tiger-announces-a-pea-for-the-underground-with-an-after-tax-npv-of-us-304--4d3db948-09fc-41d0-82f1-c3b39fa9a1e4#fact-resource-facts-73) El Tigre · silver #### Identity - Project: El Tigre - Commodity: silver - Region: mexico - Reported Region: Sonora, Mexico - Ticker: SLVR #### Resource scope - Estimate type: resource - Effective date: 2025-06-20T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Dave Duncan, Charles Spath, Fred Brown, Eugene Puritch - Resource group id: resource:0117de237f9bcc2f34cb - Deposit or zone: Pit-Constrained Oxide - Mining method: combined - Ownership percent: 100 % #### Resource Data - Category: indicated - Tonnes: 1723 - Grade: 14 - Grade Unit: g/t - Contained Metal: 756 - Contained Unit: koz - Cutoff Grade: 0.08 - Cutoff Unit: g/t AuEq #### Prior Estimate - Resource Date: 2025-06-20 #### Metal Equivalent - Metal Eq. Grade: 69 - Metal Eq. Unit: g/t AgEq - Assumptions Disclosed: Yes #### Lab - Laboratory: Bureau Veritas #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-20T00:00:00.000Z Reasoning: The indicated gold resource in the pit-constrained oxide zone adds to the project's resource base, though at a moderate grade. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: Indicated resource classification provides reasonable geological confidence. - Negative factor: Gold grade of 0.36 g/t for pit-constrained oxide material is moderate. Evidence · table > 14 Context: 1,723 #### 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 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/silver-tiger-announces-a-pea-for-the-underground-with-an-after-tax-npv-of-us-304--4d3db948-09fc-41d0-82f1-c3b39fa9a1e4#fact-resource-facts-74) El Tigre · gold #### Identity - Project: El Tigre - Commodity: gold - Region: mexico - Reported Region: Sonora, Mexico - Ticker: SLVR #### Resource scope - Estimate type: resource - Effective date: 2025-06-20T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Dave Duncan, Charles Spath, Fred Brown, Eugene Puritch - Resource group id: resource:0117de237f9bcc2f34cb - Deposit or zone: Pit-Constrained Oxide - Mining method: combined - Ownership percent: 100 % #### Resource Data - Category: indicated - Tonnes: 1723 - Grade: 0.46 - Grade Unit: g/t - Contained Metal: 25 - Contained Unit: koz - Cutoff Grade: 0.08 - Cutoff Unit: g/t AuEq #### Prior Estimate - Resource Date: 2025-06-20 #### Metal Equivalent - Metal Eq. Grade: 69 - Metal Eq. Unit: g/t AgEq - Assumptions Disclosed: Yes #### Lab - Laboratory: Bureau Veritas #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-20T00:00:00.000Z Reasoning: The indicated gold resource in the pit-constrained oxide zone adds to the project's resource base, though at a moderate grade. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: Indicated resource classification provides reasonable geological confidence. - Negative factor: Gold grade of 0.36 g/t for pit-constrained oxide material is moderate. Evidence · table > 0.46 Context: 1,723 #### 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 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/silver-tiger-announces-a-pea-for-the-underground-with-an-after-tax-npv-of-us-304--4d3db948-09fc-41d0-82f1-c3b39fa9a1e4#fact-resource-facts-75) El Tigre · silver #### Identity - Project: El Tigre - Commodity: silver - Region: mexico - Reported Region: Sonora, Mexico - Ticker: SLVR #### Resource scope - Estimate type: resource - Effective date: 2025-06-20T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Dave Duncan, Charles Spath, Fred Brown, Eugene Puritch - Resource group id: resource:e537eb3d77007db9484a - Deposit or zone: Pit-Constrained Oxide - Mining method: combined - Ownership percent: 100 % #### Resource Data - Category: inferred - Tonnes: 463 - Grade: 74 - Grade Unit: g/t - Contained Metal: 1096 - Contained Unit: koz - Cutoff Grade: 0.08 - Cutoff Unit: g/t AuEq #### Prior Estimate - Resource Date: 2025-06-20 #### Metal Equivalent - Metal Eq. Grade: 136 - Metal Eq. Unit: g/t AgEq - Assumptions Disclosed: Yes #### Lab - Laboratory: Bureau Veritas #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-20T00:00:00.000Z Reasoning: The inferred gold resource provides exploration upside but requires further drilling to upgrade confidence. \(Expanded from multi-commodity resource table for completeness.\) - Negative factor: Inferred resource classification has lower geological confidence. - Negative factor: Gold grade of 0.38 g/t for pit-constrained oxide material is moderate. Evidence · table > 74 Context: 463 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/silver-tiger-announces-a-pea-for-the-underground-with-an-after-tax-npv-of-us-304--4d3db948-09fc-41d0-82f1-c3b39fa9a1e4#fact-resource-facts-76) El Tigre · gold #### Identity - Project: El Tigre - Commodity: gold - Region: mexico - Reported Region: Sonora, Mexico - Ticker: SLVR #### Resource scope - Estimate type: resource - Effective date: 2025-06-20T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Dave Duncan, Charles Spath, Fred Brown, Eugene Puritch - Resource group id: resource:e537eb3d77007db9484a - Deposit or zone: Pit-Constrained Oxide - Mining method: combined - Ownership percent: 100 % #### Resource Data - Category: inferred - Tonnes: 463 - Grade: 0.52 - Grade Unit: g/t - Contained Metal: 8 - Contained Unit: koz - Cutoff Grade: 0.08 - Cutoff Unit: g/t AuEq #### Prior Estimate - Resource Date: 2025-06-20 #### Metal Equivalent - Metal Eq. Grade: 136 - Metal Eq. Unit: g/t AgEq - Assumptions Disclosed: Yes #### Lab - Laboratory: Bureau Veritas #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-20T00:00:00.000Z Reasoning: The inferred gold resource provides exploration upside but requires further drilling to upgrade confidence. \(Expanded from multi-commodity resource table for completeness.\) - Negative factor: Inferred resource classification has lower geological confidence. - Negative factor: Gold grade of 0.38 g/t for pit-constrained oxide material is moderate. Evidence · table > 0.52 Context: 463 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### measured [Link to this fact](https://atlas-extractions.minestarters.com/news/silver-tiger-announces-a-pea-for-the-underground-with-an-after-tax-npv-of-us-304--4d3db948-09fc-41d0-82f1-c3b39fa9a1e4#fact-resource-facts-77) El Tigre · silver #### Identity - Project: El Tigre - Commodity: silver - Region: mexico - Reported Region: Sonora, Mexico - Ticker: SLVR #### Resource scope - Estimate type: resource - Effective date: 2025-06-20T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Dave Duncan, Charles Spath, Fred Brown, Eugene Puritch - Resource group id: resource:b88880400ad54803ee71 - Deposit or zone: Pit-Constrained Oxide - Mining method: combined - Ownership percent: 100 % #### Resource Data - Category: measured - Tonnes: 33763 - Grade: 38 - Grade Unit: g/t - Contained Metal: 41076 - Contained Unit: koz - Cutoff Grade: 0.08 - Cutoff Unit: g/t AuEq #### Prior Estimate - Resource Date: 2025-06-20 #### Metal Equivalent - Metal Eq. Grade: 129 - Metal Eq. Unit: g/t AgEq - Assumptions Disclosed: Yes #### Lab - Laboratory: Bureau Veritas #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-20T00:00:00.000Z Reasoning: The measured gold resource in the pit-constrained oxide zone provides a high-confidence base for future studies and potential conversion to reserves. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: Measured resource classification indicates high geological confidence. - Positive factor: Good gold grade for pit-constrained oxide material. Evidence · table > 38 Context: 33,763 #### 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 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### measured [Link to this fact](https://atlas-extractions.minestarters.com/news/silver-tiger-announces-a-pea-for-the-underground-with-an-after-tax-npv-of-us-304--4d3db948-09fc-41d0-82f1-c3b39fa9a1e4#fact-resource-facts-78) El Tigre · gold #### Identity - Project: El Tigre - Commodity: gold - Region: mexico - Reported Region: Sonora, Mexico - Ticker: SLVR #### Resource scope - Estimate type: resource - Effective date: 2025-06-20T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Dave Duncan, Charles Spath, Fred Brown, Eugene Puritch - Resource group id: resource:b88880400ad54803ee71 - Deposit or zone: Pit-Constrained Oxide - Mining method: combined - Ownership percent: 100 % #### Resource Data - Category: measured - Tonnes: 33763 - Grade: 0.54 - Grade Unit: g/t - Contained Metal: 588 - Contained Unit: koz - Cutoff Grade: 0.08 - Cutoff Unit: g/t AuEq #### Prior Estimate - Resource Date: 2025-06-20 #### Metal Equivalent - Metal Eq. Grade: 129 - Metal Eq. Unit: g/t AgEq - Assumptions Disclosed: Yes #### Lab - Laboratory: Bureau Veritas #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-20T00:00:00.000Z Reasoning: The measured gold resource in the pit-constrained oxide zone provides a high-confidence base for future studies and potential conversion to reserves. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: Measured resource classification indicates high geological confidence. - Positive factor: Good gold grade for pit-constrained oxide material. Evidence · table > 0.54 Context: 33,763 #### 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 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/silver-tiger-announces-a-pea-for-the-underground-with-an-after-tax-npv-of-us-304--4d3db948-09fc-41d0-82f1-c3b39fa9a1e4#fact-resource-facts-79) El Tigre · silver #### Identity - Project: El Tigre - Commodity: silver - Region: mexico - Reported Region: Sonora, Mexico - Ticker: SLVR #### Resource scope - Estimate type: resource - Effective date: 2025-06-20T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Dave Duncan, Charles Spath, Fred Brown, Eugene Puritch - Resource group id: resource:7007943e2204c81e29f6 - Deposit or zone: Pit-Constrained Oxide - Mining method: combined - Ownership percent: 100 % #### Resource Data - Category: indicated - Tonnes: 21528 - Grade: 11 - Grade Unit: g/t - Contained Metal: 7348 - Contained Unit: koz - Cutoff Grade: 0.08 - Cutoff Unit: g/t AuEq #### Prior Estimate - Resource Date: 2025-06-20 #### Metal Equivalent - Metal Eq. Grade: 73 - Metal Eq. Unit: g/t AgEq - Assumptions Disclosed: Yes #### Lab - Laboratory: Bureau Veritas #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-20T00:00:00.000Z Reasoning: The indicated gold resource in the pit-constrained oxide zone adds to the project's resource base, though at a moderate grade. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: Indicated resource classification provides reasonable geological confidence. - Negative factor: Gold grade of 0.36 g/t for pit-constrained oxide material is moderate. Evidence · table > 11 Context: 21,528 #### 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 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/silver-tiger-announces-a-pea-for-the-underground-with-an-after-tax-npv-of-us-304--4d3db948-09fc-41d0-82f1-c3b39fa9a1e4#fact-resource-facts-80) El Tigre · gold #### Identity - Project: El Tigre - Commodity: gold - Region: mexico - Reported Region: Sonora, Mexico - Ticker: SLVR #### Resource scope - Estimate type: resource - Effective date: 2025-06-20T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Dave Duncan, Charles Spath, Fred Brown, Eugene Puritch - Resource group id: resource:7007943e2204c81e29f6 - Deposit or zone: Pit-Constrained Oxide - Mining method: combined - Ownership percent: 100 % #### Resource Data - Category: indicated - Tonnes: 21528 - Grade: 0.36 - Grade Unit: g/t - Contained Metal: 252 - Contained Unit: koz - Cutoff Grade: 0.08 - Cutoff Unit: g/t AuEq #### Prior Estimate - Resource Date: 2025-06-20 #### Metal Equivalent - Metal Eq. Grade: 73 - Metal Eq. Unit: g/t AgEq - Assumptions Disclosed: Yes #### Lab - Laboratory: Bureau Veritas #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-20T00:00:00.000Z Reasoning: The indicated gold resource in the pit-constrained oxide zone adds to the project's resource base, though at a moderate grade. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: Indicated resource classification provides reasonable geological confidence. - Negative factor: Gold grade of 0.36 g/t for pit-constrained oxide material is moderate. Evidence · table > 0.36 Context: 21,528 #### 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 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/silver-tiger-announces-a-pea-for-the-underground-with-an-after-tax-npv-of-us-304--4d3db948-09fc-41d0-82f1-c3b39fa9a1e4#fact-resource-facts-81) El Tigre · silver #### Identity - Project: El Tigre - Commodity: silver - Region: mexico - Reported Region: Sonora, Mexico - Ticker: SLVR #### Resource scope - Estimate type: resource - Effective date: 2025-06-20T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Dave Duncan, Charles Spath, Fred Brown, Eugene Puritch - Resource group id: resource:b49923852b93fcc24005 - Deposit or zone: Pit-Constrained Oxide - Mining method: combined - Ownership percent: 100 % #### Resource Data - Category: inferred - Tonnes: 4939 - Grade: 16 - Grade Unit: g/t - Contained Metal: 2550 - Contained Unit: koz - Cutoff Grade: 0.08 - Cutoff Unit: g/t AuEq #### Prior Estimate - Resource Date: 2025-06-20 #### Metal Equivalent - Metal Eq. Grade: 82 - Metal Eq. Unit: g/t AgEq - Assumptions Disclosed: Yes #### Lab - Laboratory: Bureau Veritas #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-20T00:00:00.000Z Reasoning: The inferred gold resource provides exploration upside but requires further drilling to upgrade confidence. \(Expanded from multi-commodity resource table for completeness.\) - Negative factor: Inferred resource classification has lower geological confidence. - Negative factor: Gold grade of 0.38 g/t for pit-constrained oxide material is moderate. Evidence · table > 16 Context: 4,939 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/silver-tiger-announces-a-pea-for-the-underground-with-an-after-tax-npv-of-us-304--4d3db948-09fc-41d0-82f1-c3b39fa9a1e4#fact-resource-facts-82) El Tigre · gold #### Identity - Project: El Tigre - Commodity: gold - Region: mexico - Reported Region: Sonora, Mexico - Ticker: SLVR #### Resource scope - Estimate type: resource - Effective date: 2025-06-20T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Dave Duncan, Charles Spath, Fred Brown, Eugene Puritch - Resource group id: resource:b49923852b93fcc24005 - Deposit or zone: Pit-Constrained Oxide - Mining method: combined - Ownership percent: 100 % #### Resource Data - Category: inferred - Tonnes: 4939 - Grade: 0.39 - Grade Unit: g/t - Contained Metal: 62 - Contained Unit: koz - Cutoff Grade: 0.08 - Cutoff Unit: g/t AuEq #### Prior Estimate - Resource Date: 2025-06-20 #### Metal Equivalent - Metal Eq. Grade: 82 - Metal Eq. Unit: g/t AgEq - Assumptions Disclosed: Yes #### Lab - Laboratory: Bureau Veritas #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-20T00:00:00.000Z Reasoning: The inferred gold resource provides exploration upside but requires further drilling to upgrade confidence. \(Expanded from multi-commodity resource table for completeness.\) - Negative factor: Inferred resource classification has lower geological confidence. - Negative factor: Gold grade of 0.38 g/t for pit-constrained oxide material is moderate. Evidence · table > 0.39 Context: 4,939 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### measured [Link to this fact](https://atlas-extractions.minestarters.com/news/silver-tiger-announces-a-pea-for-the-underground-with-an-after-tax-npv-of-us-304--4d3db948-09fc-41d0-82f1-c3b39fa9a1e4#fact-resource-facts-83) El Tigre · silver #### Identity - Project: El Tigre - Commodity: silver - Region: mexico - Reported Region: Sonora, Mexico - Ticker: SLVR #### Resource scope - Estimate type: resource - Effective date: 2025-06-20T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Dave Duncan, Charles Spath, Fred Brown, Eugene Puritch - Resource group id: resource:fb66b0f917cb8d284653 - Deposit or zone: Pit-Constrained Oxide - Mining method: combined - Ownership percent: 100 % #### Resource Data - Category: measured - Tonnes: 1010 - Grade: 453 - Grade Unit: g/t - Contained Metal: 14698 - Contained Unit: koz - Cutoff Grade: 0.08 - Cutoff Unit: g/t AuEq #### Prior Estimate - Resource Date: 2025-06-20 #### Metal Equivalent - Metal Eq. Grade: 589 - Metal Eq. Unit: g/t AgEq - Assumptions Disclosed: Yes #### Lab - Laboratory: Bureau Veritas #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-20T00:00:00.000Z Reasoning: The measured gold resource in the pit-constrained oxide zone provides a high-confidence base for future studies and potential conversion to reserves. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: Measured resource classification indicates high geological confidence. - Positive factor: Good gold grade for pit-constrained oxide material. Evidence · table > 453 Context: 1,010 #### 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 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### measured [Link to this fact](https://atlas-extractions.minestarters.com/news/silver-tiger-announces-a-pea-for-the-underground-with-an-after-tax-npv-of-us-304--4d3db948-09fc-41d0-82f1-c3b39fa9a1e4#fact-resource-facts-84) El Tigre · gold #### Identity - Project: El Tigre - Commodity: gold - Region: mexico - Reported Region: Sonora, Mexico - Ticker: SLVR #### Resource scope - Estimate type: resource - Effective date: 2025-06-20T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Dave Duncan, Charles Spath, Fred Brown, Eugene Puritch - Resource group id: resource:fb66b0f917cb8d284653 - Deposit or zone: Pit-Constrained Oxide - Mining method: combined - Ownership percent: 100 % #### Resource Data - Category: measured - Tonnes: 1010 - Grade: 1.05 - Grade Unit: g/t - Contained Metal: 34 - Contained Unit: koz - Cutoff Grade: 0.08 - Cutoff Unit: g/t AuEq #### Prior Estimate - Resource Date: 2025-06-20 #### Metal Equivalent - Metal Eq. Grade: 589 - Metal Eq. Unit: g/t AgEq - Assumptions Disclosed: Yes #### Lab - Laboratory: Bureau Veritas #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-20T00:00:00.000Z Reasoning: The measured gold resource in the pit-constrained oxide zone provides a high-confidence base for future studies and potential conversion to reserves. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: Measured resource classification indicates high geological confidence. - Positive factor: Good gold grade for pit-constrained oxide material. Evidence · table > 1.05 Context: 1,010 #### 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 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### measured [Link to this fact](https://atlas-extractions.minestarters.com/news/silver-tiger-announces-a-pea-for-the-underground-with-an-after-tax-npv-of-us-304--4d3db948-09fc-41d0-82f1-c3b39fa9a1e4#fact-resource-facts-85) El Tigre · copper #### Identity - Project: El Tigre - Commodity: copper - Region: mexico - Reported Region: Sonora, Mexico - Ticker: SLVR #### Resource scope - Estimate type: resource - Effective date: 2025-06-20T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Dave Duncan, Charles Spath, Fred Brown, Eugene Puritch - Resource group id: resource:fb66b0f917cb8d284653 - Deposit or zone: Pit-Constrained Oxide - Mining method: combined - Ownership percent: 100 % #### Resource Data - Category: measured - Tonnes: 1010 - Grade: 0.13 - Grade Unit: % - Cutoff Grade: 0.08 - Cutoff Unit: g/t AuEq #### Prior Estimate - Resource Date: 2025-06-20 #### Metal Equivalent - Metal Eq. Grade: 589 - Metal Eq. Unit: g/t AgEq - Assumptions Disclosed: Yes #### Lab - Laboratory: Bureau Veritas #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-20T00:00:00.000Z Reasoning: The measured gold resource in the pit-constrained oxide zone provides a high-confidence base for future studies and potential conversion to reserves. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: Measured resource classification indicates high geological confidence. - Positive factor: Good gold grade for pit-constrained oxide material. Evidence · table > 0.13 Context: 1,010 #### 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 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### measured [Link to this fact](https://atlas-extractions.minestarters.com/news/silver-tiger-announces-a-pea-for-the-underground-with-an-after-tax-npv-of-us-304--4d3db948-09fc-41d0-82f1-c3b39fa9a1e4#fact-resource-facts-86) El Tigre · lead #### Identity - Project: El Tigre - Commodity: lead - Region: mexico - Reported Region: Sonora, Mexico - Ticker: SLVR #### Resource scope - Estimate type: resource - Effective date: 2025-06-20T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Dave Duncan, Charles Spath, Fred Brown, Eugene Puritch - Resource group id: resource:fb66b0f917cb8d284653 - Deposit or zone: Pit-Constrained Oxide - Mining method: combined - Ownership percent: 100 % #### Resource Data - Category: measured - Tonnes: 1010 - Grade: 0.54 - Grade Unit: % - Cutoff Grade: 0.08 - Cutoff Unit: g/t AuEq #### Prior Estimate - Resource Date: 2025-06-20 #### Metal Equivalent - Metal Eq. Grade: 589 - Metal Eq. Unit: g/t AgEq - Assumptions Disclosed: Yes #### Lab - Laboratory: Bureau Veritas #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-20T00:00:00.000Z Reasoning: The measured gold resource in the pit-constrained oxide zone provides a high-confidence base for future studies and potential conversion to reserves. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: Measured resource classification indicates high geological confidence. - Positive factor: Good gold grade for pit-constrained oxide material. Evidence · table > 0.54 Context: 1,010 #### 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 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### measured [Link to this fact](https://atlas-extractions.minestarters.com/news/silver-tiger-announces-a-pea-for-the-underground-with-an-after-tax-npv-of-us-304--4d3db948-09fc-41d0-82f1-c3b39fa9a1e4#fact-resource-facts-87) El Tigre · zinc #### Identity - Project: El Tigre - Commodity: zinc - Region: mexico - Reported Region: Sonora, Mexico - Ticker: SLVR #### Resource scope - Estimate type: resource - Effective date: 2025-06-20T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Dave Duncan, Charles Spath, Fred Brown, Eugene Puritch - Resource group id: resource:fb66b0f917cb8d284653 - Deposit or zone: Pit-Constrained Oxide - Mining method: combined - Ownership percent: 100 % #### Resource Data - Category: measured - Tonnes: 1010 - Grade: 0.92 - Grade Unit: % - Cutoff Grade: 0.08 - Cutoff Unit: g/t AuEq #### Prior Estimate - Resource Date: 2025-06-20 #### Metal Equivalent - Metal Eq. Grade: 589 - Metal Eq. Unit: g/t AgEq - Assumptions Disclosed: Yes #### Lab - Laboratory: Bureau Veritas #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-20T00:00:00.000Z Reasoning: The measured gold resource in the pit-constrained oxide zone provides a high-confidence base for future studies and potential conversion to reserves. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: Measured resource classification indicates high geological confidence. - Positive factor: Good gold grade for pit-constrained oxide material. Evidence · table > 0.92 Context: 1,010 #### 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 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/silver-tiger-announces-a-pea-for-the-underground-with-an-after-tax-npv-of-us-304--4d3db948-09fc-41d0-82f1-c3b39fa9a1e4#fact-resource-facts-88) El Tigre · silver #### Identity - Project: El Tigre - Commodity: silver - Region: mexico - Reported Region: Sonora, Mexico - Ticker: SLVR #### Resource scope - Estimate type: resource - Effective date: 2025-06-20T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Dave Duncan, Charles Spath, Fred Brown, Eugene Puritch - Resource group id: resource:3837151bd8751c3468a2 - Deposit or zone: Pit-Constrained Oxide - Mining method: combined - Ownership percent: 100 % #### Resource Data - Category: indicated - Tonnes: 1374 - Grade: 398 - Grade Unit: g/t - Contained Metal: 17588 - Contained Unit: koz - Cutoff Grade: 0.08 - Cutoff Unit: g/t AuEq #### Prior Estimate - Resource Date: 2025-06-20 #### Metal Equivalent - Metal Eq. Grade: 509 - Metal Eq. Unit: g/t AgEq - Assumptions Disclosed: Yes #### Lab - Laboratory: Bureau Veritas #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-20T00:00:00.000Z Reasoning: The indicated gold resource in the pit-constrained oxide zone adds to the project's resource base, though at a moderate grade. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: Indicated resource classification provides reasonable geological confidence. - Negative factor: Gold grade of 0.36 g/t for pit-constrained oxide material is moderate. Evidence · table > 398 Context: 1,374 #### 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 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/silver-tiger-announces-a-pea-for-the-underground-with-an-after-tax-npv-of-us-304--4d3db948-09fc-41d0-82f1-c3b39fa9a1e4#fact-resource-facts-89) El Tigre · gold #### Identity - Project: El Tigre - Commodity: gold - Region: mexico - Reported Region: Sonora, Mexico - Ticker: SLVR #### Resource scope - Estimate type: resource - Effective date: 2025-06-20T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Dave Duncan, Charles Spath, Fred Brown, Eugene Puritch - Resource group id: resource:3837151bd8751c3468a2 - Deposit or zone: Pit-Constrained Oxide - Mining method: combined - Ownership percent: 100 % #### Resource Data - Category: indicated - Tonnes: 1374 - Grade: 1.05 - Grade Unit: g/t - Contained Metal: 47 - Contained Unit: koz - Cutoff Grade: 0.08 - Cutoff Unit: g/t AuEq #### Prior Estimate - Resource Date: 2025-06-20 #### Metal Equivalent - Metal Eq. Grade: 509 - Metal Eq. Unit: g/t AgEq - Assumptions Disclosed: Yes #### Lab - Laboratory: Bureau Veritas #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-20T00:00:00.000Z Reasoning: The indicated gold resource in the pit-constrained oxide zone adds to the project's resource base, though at a moderate grade. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: Indicated resource classification provides reasonable geological confidence. - Negative factor: Gold grade of 0.36 g/t for pit-constrained oxide material is moderate. Evidence · table > 1.05 Context: 1,374 #### 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 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/silver-tiger-announces-a-pea-for-the-underground-with-an-after-tax-npv-of-us-304--4d3db948-09fc-41d0-82f1-c3b39fa9a1e4#fact-resource-facts-90) El Tigre · copper #### Identity - Project: El Tigre - Commodity: copper - Region: mexico - Reported Region: Sonora, Mexico - Ticker: SLVR #### Resource scope - Estimate type: resource - Effective date: 2025-06-20T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Dave Duncan, Charles Spath, Fred Brown, Eugene Puritch - Resource group id: resource:3837151bd8751c3468a2 - Deposit or zone: Pit-Constrained Oxide - Mining method: combined - Ownership percent: 100 % #### Resource Data - Category: indicated - Tonnes: 1374 - Grade: 0.08 - Grade Unit: % - Cutoff Grade: 0.08 - Cutoff Unit: g/t AuEq #### Prior Estimate - Resource Date: 2025-06-20 #### Metal Equivalent - Metal Eq. Grade: 509 - Metal Eq. Unit: g/t AgEq - Assumptions Disclosed: Yes #### Lab - Laboratory: Bureau Veritas #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-20T00:00:00.000Z Reasoning: The indicated gold resource in the pit-constrained oxide zone adds to the project's resource base, though at a moderate grade. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: Indicated resource classification provides reasonable geological confidence. - Negative factor: Gold grade of 0.36 g/t for pit-constrained oxide material is moderate. Evidence · table > 0.08 Context: 1,374 #### 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 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/silver-tiger-announces-a-pea-for-the-underground-with-an-after-tax-npv-of-us-304--4d3db948-09fc-41d0-82f1-c3b39fa9a1e4#fact-resource-facts-91) El Tigre · lead #### Identity - Project: El Tigre - Commodity: lead - Region: mexico - Reported Region: Sonora, Mexico - Ticker: SLVR #### Resource scope - Estimate type: resource - Effective date: 2025-06-20T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Dave Duncan, Charles Spath, Fred Brown, Eugene Puritch - Resource group id: resource:3837151bd8751c3468a2 - Deposit or zone: Pit-Constrained Oxide - Mining method: combined - Ownership percent: 100 % #### Resource Data - Category: indicated - Tonnes: 1374 - Grade: 0.24 - Grade Unit: % - Cutoff Grade: 0.08 - Cutoff Unit: g/t AuEq #### Prior Estimate - Resource Date: 2025-06-20 #### Metal Equivalent - Metal Eq. Grade: 509 - Metal Eq. Unit: g/t AgEq - Assumptions Disclosed: Yes #### Lab - Laboratory: Bureau Veritas #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-20T00:00:00.000Z Reasoning: The indicated gold resource in the pit-constrained oxide zone adds to the project's resource base, though at a moderate grade. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: Indicated resource classification provides reasonable geological confidence. - Negative factor: Gold grade of 0.36 g/t for pit-constrained oxide material is moderate. Evidence · table > 0.24 Context: 1,374 #### 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 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/silver-tiger-announces-a-pea-for-the-underground-with-an-after-tax-npv-of-us-304--4d3db948-09fc-41d0-82f1-c3b39fa9a1e4#fact-resource-facts-92) El Tigre · zinc #### Identity - Project: El Tigre - Commodity: zinc - Region: mexico - Reported Region: Sonora, Mexico - Ticker: SLVR #### Resource scope - Estimate type: resource - Effective date: 2025-06-20T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Dave Duncan, Charles Spath, Fred Brown, Eugene Puritch - Resource group id: resource:3837151bd8751c3468a2 - Deposit or zone: Pit-Constrained Oxide - Mining method: combined - Ownership percent: 100 % #### Resource Data - Category: indicated - Tonnes: 1374 - Grade: 0.41 - Grade Unit: % - Cutoff Grade: 0.08 - Cutoff Unit: g/t AuEq #### Prior Estimate - Resource Date: 2025-06-20 #### Metal Equivalent - Metal Eq. Grade: 509 - Metal Eq. Unit: g/t AgEq - Assumptions Disclosed: Yes #### Lab - Laboratory: Bureau Veritas #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-20T00:00:00.000Z Reasoning: The indicated gold resource in the pit-constrained oxide zone adds to the project's resource base, though at a moderate grade. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: Indicated resource classification provides reasonable geological confidence. - Negative factor: Gold grade of 0.36 g/t for pit-constrained oxide material is moderate. Evidence · table > 0.41 Context: 1,374 #### 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 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/silver-tiger-announces-a-pea-for-the-underground-with-an-after-tax-npv-of-us-304--4d3db948-09fc-41d0-82f1-c3b39fa9a1e4#fact-resource-facts-93) El Tigre · silver #### Identity - Project: El Tigre - Commodity: silver - Region: mexico - Reported Region: Sonora, Mexico - Ticker: SLVR #### Resource scope - Estimate type: resource - Effective date: 2025-06-20T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Dave Duncan, Charles Spath, Fred Brown, Eugene Puritch - Resource group id: resource:506d7d6ed7727ecbb720 - Deposit or zone: Pit-Constrained Oxide - Mining method: combined - Ownership percent: 100 % #### Resource Data - Category: inferred - Tonnes: 4100 - Grade: 294 - Grade Unit: g/t - Contained Metal: 38822 - Contained Unit: koz - Cutoff Grade: 0.08 - Cutoff Unit: g/t AuEq #### Prior Estimate - Resource Date: 2025-06-20 #### Metal Equivalent - Metal Eq. Grade: 497 - Metal Eq. Unit: g/t AgEq - Assumptions Disclosed: Yes #### Lab - Laboratory: Bureau Veritas #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-20T00:00:00.000Z Reasoning: The inferred gold resource provides exploration upside but requires further drilling to upgrade confidence. \(Expanded from multi-commodity resource table for completeness.\) - Negative factor: Inferred resource classification has lower geological confidence. - Negative factor: Gold grade of 0.38 g/t for pit-constrained oxide material is moderate. Evidence · table > 294 Context: 4,100 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/silver-tiger-announces-a-pea-for-the-underground-with-an-after-tax-npv-of-us-304--4d3db948-09fc-41d0-82f1-c3b39fa9a1e4#fact-resource-facts-94) El Tigre · gold #### Identity - Project: El Tigre - Commodity: gold - Region: mexico - Reported Region: Sonora, Mexico - Ticker: SLVR #### Resource scope - Estimate type: resource - Effective date: 2025-06-20T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Dave Duncan, Charles Spath, Fred Brown, Eugene Puritch - Resource group id: resource:506d7d6ed7727ecbb720 - Deposit or zone: Pit-Constrained Oxide - Mining method: combined - Ownership percent: 100 % #### Resource Data - Category: inferred - Tonnes: 4100 - Grade: 1.58 - Grade Unit: g/t - Contained Metal: 208 - Contained Unit: koz - Cutoff Grade: 0.08 - Cutoff Unit: g/t AuEq #### Prior Estimate - Resource Date: 2025-06-20 #### Metal Equivalent - Metal Eq. Grade: 497 - Metal Eq. Unit: g/t AgEq - Assumptions Disclosed: Yes #### Lab - Laboratory: Bureau Veritas #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-20T00:00:00.000Z Reasoning: The inferred gold resource provides exploration upside but requires further drilling to upgrade confidence. \(Expanded from multi-commodity resource table for completeness.\) - Negative factor: Inferred resource classification has lower geological confidence. - Negative factor: Gold grade of 0.38 g/t for pit-constrained oxide material is moderate. Evidence · table > 1.58 Context: 4,100 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/silver-tiger-announces-a-pea-for-the-underground-with-an-after-tax-npv-of-us-304--4d3db948-09fc-41d0-82f1-c3b39fa9a1e4#fact-resource-facts-95) El Tigre · copper #### Identity - Project: El Tigre - Commodity: copper - Region: mexico - Reported Region: Sonora, Mexico - Ticker: SLVR #### Resource scope - Estimate type: resource - Effective date: 2025-06-20T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Dave Duncan, Charles Spath, Fred Brown, Eugene Puritch - Resource group id: resource:506d7d6ed7727ecbb720 - Deposit or zone: Pit-Constrained Oxide - Mining method: combined - Ownership percent: 100 % #### Resource Data - Category: inferred - Tonnes: 4100 - Grade: 0.32 - Grade Unit: % - Cutoff Grade: 0.08 - Cutoff Unit: g/t AuEq #### Prior Estimate - Resource Date: 2025-06-20 #### Metal Equivalent - Metal Eq. Grade: 497 - Metal Eq. Unit: g/t AgEq - Assumptions Disclosed: Yes #### Lab - Laboratory: Bureau Veritas #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-20T00:00:00.000Z Reasoning: The inferred gold resource provides exploration upside but requires further drilling to upgrade confidence. \(Expanded from multi-commodity resource table for completeness.\) - Negative factor: Inferred resource classification has lower geological confidence. - Negative factor: Gold grade of 0.38 g/t for pit-constrained oxide material is moderate. Evidence · table > 0.32 Context: 4,100 #### 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 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/silver-tiger-announces-a-pea-for-the-underground-with-an-after-tax-npv-of-us-304--4d3db948-09fc-41d0-82f1-c3b39fa9a1e4#fact-resource-facts-96) El Tigre · lead #### Identity - Project: El Tigre - Commodity: lead - Region: mexico - Reported Region: Sonora, Mexico - Ticker: SLVR #### Resource scope - Estimate type: resource - Effective date: 2025-06-20T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Dave Duncan, Charles Spath, Fred Brown, Eugene Puritch - Resource group id: resource:506d7d6ed7727ecbb720 - Deposit or zone: Pit-Constrained Oxide - Mining method: combined - Ownership percent: 100 % #### Resource Data - Category: inferred - Tonnes: 4100 - Grade: 0.75 - Grade Unit: % - Cutoff Grade: 0.08 - Cutoff Unit: g/t AuEq #### Prior Estimate - Resource Date: 2025-06-20 #### Metal Equivalent - Metal Eq. Grade: 497 - Metal Eq. Unit: g/t AgEq - Assumptions Disclosed: Yes #### Lab - Laboratory: Bureau Veritas #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-20T00:00:00.000Z Reasoning: The inferred gold resource provides exploration upside but requires further drilling to upgrade confidence. \(Expanded from multi-commodity resource table for completeness.\) - Negative factor: Inferred resource classification has lower geological confidence. - Negative factor: Gold grade of 0.38 g/t for pit-constrained oxide material is moderate. Evidence · table > 0.75 Context: 4,100 #### 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 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/silver-tiger-announces-a-pea-for-the-underground-with-an-after-tax-npv-of-us-304--4d3db948-09fc-41d0-82f1-c3b39fa9a1e4#fact-resource-facts-97) El Tigre · zinc #### Identity - Project: El Tigre - Commodity: zinc - Region: mexico - Reported Region: Sonora, Mexico - Ticker: SLVR #### Resource scope - Estimate type: resource - Effective date: 2025-06-20T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Dave Duncan, Charles Spath, Fred Brown, Eugene Puritch - Resource group id: resource:506d7d6ed7727ecbb720 - Deposit or zone: Pit-Constrained Oxide - Mining method: combined - Ownership percent: 100 % #### Resource Data - Category: inferred - Tonnes: 4100 - Grade: 0.89 - Grade Unit: % - Cutoff Grade: 0.08 - Cutoff Unit: g/t AuEq #### Prior Estimate - Resource Date: 2025-06-20 #### Metal Equivalent - Metal Eq. Grade: 497 - Metal Eq. Unit: g/t AgEq - Assumptions Disclosed: Yes #### Lab - Laboratory: Bureau Veritas #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-20T00:00:00.000Z Reasoning: The inferred gold resource provides exploration upside but requires further drilling to upgrade confidence. \(Expanded from multi-commodity resource table for completeness.\) - Negative factor: Inferred resource classification has lower geological confidence. - Negative factor: Gold grade of 0.38 g/t for pit-constrained oxide material is moderate. Evidence · table > 0.89 Context: 4,100 #### 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 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### measured [Link to this fact](https://atlas-extractions.minestarters.com/news/silver-tiger-announces-a-pea-for-the-underground-with-an-after-tax-npv-of-us-304--4d3db948-09fc-41d0-82f1-c3b39fa9a1e4#fact-resource-facts-98) El Tigre · silver #### Identity - Project: El Tigre - Commodity: silver - Region: mexico - Reported Region: Sonora, Mexico - Ticker: SLVR #### Resource scope - Estimate type: resource - Effective date: 2025-06-20T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Dave Duncan, Charles Spath, Fred Brown, Eugene Puritch - Resource group id: resource:cc4fb3d6a9b357f832dd - Deposit or zone: Pit-Constrained Oxide - Mining method: combined - Ownership percent: 100 % #### Resource Data - Category: measured - Tonnes: 146 - Grade: 79 - Grade Unit: g/t - Contained Metal: 371 - Contained Unit: koz - Cutoff Grade: 0.08 - Cutoff Unit: g/t AuEq #### Prior Estimate - Resource Date: 2025-06-20 #### Metal Equivalent - Metal Eq. Grade: 103 - Metal Eq. Unit: g/t AgEq - Assumptions Disclosed: Yes #### Lab - Laboratory: Bureau Veritas #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-20T00:00:00.000Z Reasoning: The measured gold resource in the pit-constrained oxide zone provides a high-confidence base for future studies and potential conversion to reserves. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: Measured resource classification indicates high geological confidence. - Positive factor: Good gold grade for pit-constrained oxide material. Evidence · table > 79 Context: 146 #### 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 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### measured [Link to this fact](https://atlas-extractions.minestarters.com/news/silver-tiger-announces-a-pea-for-the-underground-with-an-after-tax-npv-of-us-304--4d3db948-09fc-41d0-82f1-c3b39fa9a1e4#fact-resource-facts-99) El Tigre · gold #### Identity - Project: El Tigre - Commodity: gold - Region: mexico - Reported Region: Sonora, Mexico - Ticker: SLVR #### Resource scope - Estimate type: resource - Effective date: 2025-06-20T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Dave Duncan, Charles Spath, Fred Brown, Eugene Puritch - Resource group id: resource:cc4fb3d6a9b357f832dd - Deposit or zone: Pit-Constrained Oxide - Mining method: combined - Ownership percent: 100 % #### Resource Data - Category: measured - Tonnes: 146 - Grade: 0.29 - Grade Unit: g/t - Contained Metal: 1 - Contained Unit: koz - Cutoff Grade: 0.08 - Cutoff Unit: g/t AuEq #### Prior Estimate - Resource Date: 2025-06-20 #### Metal Equivalent - Metal Eq. Grade: 103 - Metal Eq. Unit: g/t AgEq - Assumptions Disclosed: Yes #### Lab - Laboratory: Bureau Veritas #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-20T00:00:00.000Z Reasoning: The measured gold resource in the pit-constrained oxide zone provides a high-confidence base for future studies and potential conversion to reserves. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: Measured resource classification indicates high geological confidence. - Positive factor: Good gold grade for pit-constrained oxide material. Evidence · table > 0.29 Context: 146 #### 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 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/silver-tiger-announces-a-pea-for-the-underground-with-an-after-tax-npv-of-us-304--4d3db948-09fc-41d0-82f1-c3b39fa9a1e4#fact-resource-facts-100) El Tigre · silver #### Identity - Project: El Tigre - Commodity: silver - Region: mexico - Reported Region: Sonora, Mexico - Ticker: SLVR #### Resource scope - Estimate type: resource - Effective date: 2025-06-20T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Dave Duncan, Charles Spath, Fred Brown, Eugene Puritch - Resource group id: resource:f90ddbdc7e3cf699439b - Deposit or zone: Pit-Constrained Oxide - Mining method: combined - Ownership percent: 100 % #### Resource Data - Category: indicated - Tonnes: 706 - Grade: 77 - Grade Unit: g/t - Contained Metal: 1752 - Contained Unit: koz - Cutoff Grade: 0.08 - Cutoff Unit: g/t AuEq #### Prior Estimate - Resource Date: 2025-06-20 #### Metal Equivalent - Metal Eq. Grade: 99 - Metal Eq. Unit: g/t AgEq - Assumptions Disclosed: Yes #### Lab - Laboratory: Bureau Veritas #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-20T00:00:00.000Z Reasoning: The indicated gold resource in the pit-constrained oxide zone adds to the project's resource base, though at a moderate grade. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: Indicated resource classification provides reasonable geological confidence. - Negative factor: Gold grade of 0.36 g/t for pit-constrained oxide material is moderate. Evidence · table > 77 Context: 706 #### 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 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/silver-tiger-announces-a-pea-for-the-underground-with-an-after-tax-npv-of-us-304--4d3db948-09fc-41d0-82f1-c3b39fa9a1e4#fact-resource-facts-101) El Tigre · gold #### Identity - Project: El Tigre - Commodity: gold - Region: mexico - Reported Region: Sonora, Mexico - Ticker: SLVR #### Resource scope - Estimate type: resource - Effective date: 2025-06-20T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Dave Duncan, Charles Spath, Fred Brown, Eugene Puritch - Resource group id: resource:f90ddbdc7e3cf699439b - Deposit or zone: Pit-Constrained Oxide - Mining method: combined - Ownership percent: 100 % #### Resource Data - Category: indicated - Tonnes: 706 - Grade: 0.26 - Grade Unit: g/t - Contained Metal: 6 - Contained Unit: koz - Cutoff Grade: 0.08 - Cutoff Unit: g/t AuEq #### Prior Estimate - Resource Date: 2025-06-20 #### Metal Equivalent - Metal Eq. Grade: 99 - Metal Eq. Unit: g/t AgEq - Assumptions Disclosed: Yes #### Lab - Laboratory: Bureau Veritas #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-20T00:00:00.000Z Reasoning: The indicated gold resource in the pit-constrained oxide zone adds to the project's resource base, though at a moderate grade. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: Indicated resource classification provides reasonable geological confidence. - Negative factor: Gold grade of 0.36 g/t for pit-constrained oxide material is moderate. Evidence · table > 0.26 Context: 706 #### 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 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/silver-tiger-announces-a-pea-for-the-underground-with-an-after-tax-npv-of-us-304--4d3db948-09fc-41d0-82f1-c3b39fa9a1e4#fact-resource-facts-102) El Tigre · silver #### Identity - Project: El Tigre - Commodity: silver - Region: mexico - Reported Region: Sonora, Mexico - Ticker: SLVR #### Resource scope - Estimate type: resource - Effective date: 2025-06-20T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Dave Duncan, Charles Spath, Fred Brown, Eugene Puritch - Resource group id: resource:2a983543fc2390458019 - Deposit or zone: Pit-Constrained Oxide - Mining method: combined - Ownership percent: 100 % #### Resource Data - Category: inferred - Tonnes: 52 - Grade: 81 - Grade Unit: g/t - Contained Metal: 134 - Contained Unit: koz - Cutoff Grade: 0.08 - Cutoff Unit: g/t AuEq #### Prior Estimate - Resource Date: 2025-06-20 #### Metal Equivalent - Metal Eq. Grade: 104 - Metal Eq. Unit: g/t AgEq - Assumptions Disclosed: Yes #### Lab - Laboratory: Bureau Veritas #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-20T00:00:00.000Z Reasoning: The inferred gold resource provides exploration upside but requires further drilling to upgrade confidence. \(Expanded from multi-commodity resource table for completeness.\) - Negative factor: Inferred resource classification has lower geological confidence. - Negative factor: Gold grade of 0.38 g/t for pit-constrained oxide material is moderate. Evidence · table > 81 Context: 52 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/silver-tiger-announces-a-pea-for-the-underground-with-an-after-tax-npv-of-us-304--4d3db948-09fc-41d0-82f1-c3b39fa9a1e4#fact-resource-facts-103) El Tigre · gold #### Identity - Project: El Tigre - Commodity: gold - Region: mexico - Reported Region: Sonora, Mexico - Ticker: SLVR #### Resource scope - Estimate type: resource - Effective date: 2025-06-20T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Dave Duncan, Charles Spath, Fred Brown, Eugene Puritch - Resource group id: resource:2a983543fc2390458019 - Deposit or zone: Pit-Constrained Oxide - Mining method: combined - Ownership percent: 100 % #### Resource Data - Category: inferred - Tonnes: 52 - Grade: 0.27 - Grade Unit: g/t - Contained Metal: 1 - Contained Unit: koz - Cutoff Grade: 0.08 - Cutoff Unit: g/t AuEq #### Prior Estimate - Resource Date: 2025-06-20 #### Metal Equivalent - Metal Eq. Grade: 104 - Metal Eq. Unit: g/t AgEq - Assumptions Disclosed: Yes #### Lab - Laboratory: Bureau Veritas #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-20T00:00:00.000Z Reasoning: The inferred gold resource provides exploration upside but requires further drilling to upgrade confidence. \(Expanded from multi-commodity resource table for completeness.\) - Negative factor: Inferred resource classification has lower geological confidence. - Negative factor: Gold grade of 0.38 g/t for pit-constrained oxide material is moderate. Evidence · table > 0.27 Context: 52 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### measured [Link to this fact](https://atlas-extractions.minestarters.com/news/silver-tiger-announces-a-pea-for-the-underground-with-an-after-tax-npv-of-us-304--4d3db948-09fc-41d0-82f1-c3b39fa9a1e4#fact-resource-facts-104) El Tigre · silver #### Identity - Project: El Tigre - Commodity: silver - Region: mexico - Reported Region: Sonora, Mexico - Ticker: SLVR #### Resource scope - Estimate type: resource - Effective date: 2025-06-20T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Dave Duncan, Charles Spath, Fred Brown, Eugene Puritch - Resource group id: resource:d277f7fb051093fea27e - Deposit or zone: Pit-Constrained Oxide - Mining method: combined - Ownership percent: 100 % #### Resource Data - Category: measured - Tonnes: 0 - Grade: 0 - Grade Unit: g/t - Contained Metal: 0 - Contained Unit: koz - Cutoff Grade: 0.08 - Cutoff Unit: g/t AuEq #### Prior Estimate - Resource Date: 2025-06-20 #### Metal Equivalent - Metal Eq. Grade: 0 - Metal Eq. Unit: g/t AgEq - Assumptions Disclosed: Yes #### Lab - Laboratory: Bureau Veritas #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-20T00:00:00.000Z Reasoning: The measured gold resource in the pit-constrained oxide zone provides a high-confidence base for future studies and potential conversion to reserves. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: Measured resource classification indicates high geological confidence. - Positive factor: Good gold grade for pit-constrained oxide material. Evidence · table > 0 Context: 0 #### Tags used in scoring **Measured Resource** Polarity: positive Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves. Why it applies: category is "measured" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### measured [Link to this fact](https://atlas-extractions.minestarters.com/news/silver-tiger-announces-a-pea-for-the-underground-with-an-after-tax-npv-of-us-304--4d3db948-09fc-41d0-82f1-c3b39fa9a1e4#fact-resource-facts-105) El Tigre · gold #### Identity - Project: El Tigre - Commodity: gold - Region: mexico - Reported Region: Sonora, Mexico - Ticker: SLVR #### Resource scope - Estimate type: resource - Effective date: 2025-06-20T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Dave Duncan, Charles Spath, Fred Brown, Eugene Puritch - Resource group id: resource:d277f7fb051093fea27e - Deposit or zone: Pit-Constrained Oxide - Mining method: combined - Ownership percent: 100 % #### Resource Data - Category: measured - Tonnes: 0 - Grade: 0 - Grade Unit: g/t - Contained Metal: 0 - Contained Unit: koz - Cutoff Grade: 0.08 - Cutoff Unit: g/t AuEq #### Prior Estimate - Resource Date: 2025-06-20 #### Metal Equivalent - Metal Eq. Grade: 0 - Metal Eq. Unit: g/t AgEq - Assumptions Disclosed: Yes #### Lab - Laboratory: Bureau Veritas #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-20T00:00:00.000Z Reasoning: The measured gold resource in the pit-constrained oxide zone provides a high-confidence base for future studies and potential conversion to reserves. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: Measured resource classification indicates high geological confidence. - Positive factor: Good gold grade for pit-constrained oxide material. Evidence · table > 0 Context: 0 #### Tags used in scoring **Measured Resource** Polarity: positive Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves. Why it applies: category is "measured" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### measured [Link to this fact](https://atlas-extractions.minestarters.com/news/silver-tiger-announces-a-pea-for-the-underground-with-an-after-tax-npv-of-us-304--4d3db948-09fc-41d0-82f1-c3b39fa9a1e4#fact-resource-facts-106) El Tigre · copper #### Identity - Project: El Tigre - Commodity: copper - Region: mexico - Reported Region: Sonora, Mexico - Ticker: SLVR #### Resource scope - Estimate type: resource - Effective date: 2025-06-20T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Dave Duncan, Charles Spath, Fred Brown, Eugene Puritch - Resource group id: resource:d277f7fb051093fea27e - Deposit or zone: Pit-Constrained Oxide - Mining method: combined - Ownership percent: 100 % #### Resource Data - Category: measured - Tonnes: 0 - Grade: 0 - Grade Unit: % - Cutoff Grade: 0.08 - Cutoff Unit: g/t AuEq #### Prior Estimate - Resource Date: 2025-06-20 #### Metal Equivalent - Metal Eq. Grade: 0 - Metal Eq. Unit: g/t AgEq - Assumptions Disclosed: Yes #### Lab - Laboratory: Bureau Veritas #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-20T00:00:00.000Z Reasoning: The measured gold resource in the pit-constrained oxide zone provides a high-confidence base for future studies and potential conversion to reserves. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: Measured resource classification indicates high geological confidence. - Positive factor: Good gold grade for pit-constrained oxide material. Evidence · table > 0 Context: 0 #### Tags used in scoring **Measured Resource** Polarity: positive Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves. Why it applies: category is "measured" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### measured [Link to this fact](https://atlas-extractions.minestarters.com/news/silver-tiger-announces-a-pea-for-the-underground-with-an-after-tax-npv-of-us-304--4d3db948-09fc-41d0-82f1-c3b39fa9a1e4#fact-resource-facts-107) El Tigre · lead #### Identity - Project: El Tigre - Commodity: lead - Region: mexico - Reported Region: Sonora, Mexico - Ticker: SLVR #### Resource scope - Estimate type: resource - Effective date: 2025-06-20T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Dave Duncan, Charles Spath, Fred Brown, Eugene Puritch - Resource group id: resource:d277f7fb051093fea27e - Deposit or zone: Pit-Constrained Oxide - Mining method: combined - Ownership percent: 100 % #### Resource Data - Category: measured - Tonnes: 0 - Grade: 0 - Grade Unit: % - Cutoff Grade: 0.08 - Cutoff Unit: g/t AuEq #### Prior Estimate - Resource Date: 2025-06-20 #### Metal Equivalent - Metal Eq. Grade: 0 - Metal Eq. Unit: g/t AgEq - Assumptions Disclosed: Yes #### Lab - Laboratory: Bureau Veritas #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-20T00:00:00.000Z Reasoning: The measured gold resource in the pit-constrained oxide zone provides a high-confidence base for future studies and potential conversion to reserves. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: Measured resource classification indicates high geological confidence. - Positive factor: Good gold grade for pit-constrained oxide material. Evidence · table > 0 Context: 0 #### Tags used in scoring **Measured Resource** Polarity: positive Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves. Why it applies: category is "measured" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### measured [Link to this fact](https://atlas-extractions.minestarters.com/news/silver-tiger-announces-a-pea-for-the-underground-with-an-after-tax-npv-of-us-304--4d3db948-09fc-41d0-82f1-c3b39fa9a1e4#fact-resource-facts-108) El Tigre · zinc #### Identity - Project: El Tigre - Commodity: zinc - Region: mexico - Reported Region: Sonora, Mexico - Ticker: SLVR #### Resource scope - Estimate type: resource - Effective date: 2025-06-20T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Dave Duncan, Charles Spath, Fred Brown, Eugene Puritch - Resource group id: resource:d277f7fb051093fea27e - Deposit or zone: Pit-Constrained Oxide - Mining method: combined - Ownership percent: 100 % #### Resource Data - Category: measured - Tonnes: 0 - Grade: 0 - Grade Unit: % - Cutoff Grade: 0.08 - Cutoff Unit: g/t AuEq #### Prior Estimate - Resource Date: 2025-06-20 #### Metal Equivalent - Metal Eq. Grade: 0 - Metal Eq. Unit: g/t AgEq - Assumptions Disclosed: Yes #### Lab - Laboratory: Bureau Veritas #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-20T00:00:00.000Z Reasoning: The measured gold resource in the pit-constrained oxide zone provides a high-confidence base for future studies and potential conversion to reserves. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: Measured resource classification indicates high geological confidence. - Positive factor: Good gold grade for pit-constrained oxide material. Evidence · table > 0 Context: 0 #### Tags used in scoring **Measured Resource** Polarity: positive Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves. Why it applies: category is "measured" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/silver-tiger-announces-a-pea-for-the-underground-with-an-after-tax-npv-of-us-304--4d3db948-09fc-41d0-82f1-c3b39fa9a1e4#fact-resource-facts-109) El Tigre · silver #### Identity - Project: El Tigre - Commodity: silver - Region: mexico - Reported Region: Sonora, Mexico - Ticker: SLVR #### Resource scope - Estimate type: resource - Effective date: 2025-06-20T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Dave Duncan, Charles Spath, Fred Brown, Eugene Puritch - Resource group id: resource:1f454565eb145fc1db93 - Deposit or zone: Pit-Constrained Oxide - Mining method: combined - Ownership percent: 100 % #### Resource Data - Category: indicated - Tonnes: 101 - Grade: 181 - Grade Unit: g/t - Contained Metal: 586 - Contained Unit: koz - Cutoff Grade: 0.08 - Cutoff Unit: g/t AuEq #### Prior Estimate - Resource Date: 2025-06-20 #### Metal Equivalent - Metal Eq. Grade: 256 - Metal Eq. Unit: g/t AgEq - Assumptions Disclosed: Yes #### Lab - Laboratory: Bureau Veritas #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-20T00:00:00.000Z Reasoning: The indicated gold resource in the pit-constrained oxide zone adds to the project's resource base, though at a moderate grade. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: Indicated resource classification provides reasonable geological confidence. - Negative factor: Gold grade of 0.36 g/t for pit-constrained oxide material is moderate. Evidence · table > 181 Context: 101 #### 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 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/silver-tiger-announces-a-pea-for-the-underground-with-an-after-tax-npv-of-us-304--4d3db948-09fc-41d0-82f1-c3b39fa9a1e4#fact-resource-facts-110) El Tigre · gold #### Identity - Project: El Tigre - Commodity: gold - Region: mexico - Reported Region: Sonora, Mexico - Ticker: SLVR #### Resource scope - Estimate type: resource - Effective date: 2025-06-20T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Dave Duncan, Charles Spath, Fred Brown, Eugene Puritch - Resource group id: resource:1f454565eb145fc1db93 - Deposit or zone: Pit-Constrained Oxide - Mining method: combined - Ownership percent: 100 % #### Resource Data - Category: indicated - Tonnes: 101 - Grade: 0.92 - Grade Unit: g/t - Contained Metal: 3 - Contained Unit: koz - Cutoff Grade: 0.08 - Cutoff Unit: g/t AuEq #### Prior Estimate - Resource Date: 2025-06-20 #### Metal Equivalent - Metal Eq. Grade: 256 - Metal Eq. Unit: g/t AgEq - Assumptions Disclosed: Yes #### Lab - Laboratory: Bureau Veritas #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-20T00:00:00.000Z Reasoning: The indicated gold resource in the pit-constrained oxide zone adds to the project's resource base, though at a moderate grade. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: Indicated resource classification provides reasonable geological confidence. - Negative factor: Gold grade of 0.36 g/t for pit-constrained oxide material is moderate. Evidence · table > 0.92 Context: 101 #### 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 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/silver-tiger-announces-a-pea-for-the-underground-with-an-after-tax-npv-of-us-304--4d3db948-09fc-41d0-82f1-c3b39fa9a1e4#fact-resource-facts-111) El Tigre · copper #### Identity - Project: El Tigre - Commodity: copper - Region: mexico - Reported Region: Sonora, Mexico - Ticker: SLVR #### Resource scope - Estimate type: resource - Effective date: 2025-06-20T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Dave Duncan, Charles Spath, Fred Brown, Eugene Puritch - Resource group id: resource:1f454565eb145fc1db93 - Deposit or zone: Pit-Constrained Oxide - Mining method: combined - Ownership percent: 100 % #### Resource Data - Category: indicated - Tonnes: 101 - Grade: 0.02 - Grade Unit: % - Cutoff Grade: 0.08 - Cutoff Unit: g/t AuEq #### Prior Estimate - Resource Date: 2025-06-20 #### Metal Equivalent - Metal Eq. Grade: 256 - Metal Eq. Unit: g/t AgEq - Assumptions Disclosed: Yes #### Lab - Laboratory: Bureau Veritas #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-20T00:00:00.000Z Reasoning: The indicated gold resource in the pit-constrained oxide zone adds to the project's resource base, though at a moderate grade. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: Indicated resource classification provides reasonable geological confidence. - Negative factor: Gold grade of 0.36 g/t for pit-constrained oxide material is moderate. Evidence · table > 0.02 Context: 101 #### 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 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/silver-tiger-announces-a-pea-for-the-underground-with-an-after-tax-npv-of-us-304--4d3db948-09fc-41d0-82f1-c3b39fa9a1e4#fact-resource-facts-112) El Tigre · lead #### Identity - Project: El Tigre - Commodity: lead - Region: mexico - Reported Region: Sonora, Mexico - Ticker: SLVR #### Resource scope - Estimate type: resource - Effective date: 2025-06-20T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Dave Duncan, Charles Spath, Fred Brown, Eugene Puritch - Resource group id: resource:1f454565eb145fc1db93 - Deposit or zone: Pit-Constrained Oxide - Mining method: combined - Ownership percent: 100 % #### Resource Data - Category: indicated - Tonnes: 101 - Grade: 0.23 - Grade Unit: % - Cutoff Grade: 0.08 - Cutoff Unit: g/t AuEq #### Prior Estimate - Resource Date: 2025-06-20 #### Metal Equivalent - Metal Eq. Grade: 256 - Metal Eq. Unit: g/t AgEq - Assumptions Disclosed: Yes #### Lab - Laboratory: Bureau Veritas #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-20T00:00:00.000Z Reasoning: The indicated gold resource in the pit-constrained oxide zone adds to the project's resource base, though at a moderate grade. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: Indicated resource classification provides reasonable geological confidence. - Negative factor: Gold grade of 0.36 g/t for pit-constrained oxide material is moderate. Evidence · table > 0.23 Context: 101 #### 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 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/silver-tiger-announces-a-pea-for-the-underground-with-an-after-tax-npv-of-us-304--4d3db948-09fc-41d0-82f1-c3b39fa9a1e4#fact-resource-facts-113) El Tigre · zinc #### Identity - Project: El Tigre - Commodity: zinc - Region: mexico - Reported Region: Sonora, Mexico - Ticker: SLVR #### Resource scope - Estimate type: resource - Effective date: 2025-06-20T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Dave Duncan, Charles Spath, Fred Brown, Eugene Puritch - Resource group id: resource:1f454565eb145fc1db93 - Deposit or zone: Pit-Constrained Oxide - Mining method: combined - Ownership percent: 100 % #### Resource Data - Category: indicated - Tonnes: 101 - Grade: 0.1 - Grade Unit: % - Cutoff Grade: 0.08 - Cutoff Unit: g/t AuEq #### Prior Estimate - Resource Date: 2025-06-20 #### Metal Equivalent - Metal Eq. Grade: 256 - Metal Eq. Unit: g/t AgEq - Assumptions Disclosed: Yes #### Lab - Laboratory: Bureau Veritas #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-20T00:00:00.000Z Reasoning: The indicated gold resource in the pit-constrained oxide zone adds to the project's resource base, though at a moderate grade. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: Indicated resource classification provides reasonable geological confidence. - Negative factor: Gold grade of 0.36 g/t for pit-constrained oxide material is moderate. Evidence · table > 0.10 Context: 101 #### 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 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/silver-tiger-announces-a-pea-for-the-underground-with-an-after-tax-npv-of-us-304--4d3db948-09fc-41d0-82f1-c3b39fa9a1e4#fact-resource-facts-114) El Tigre · silver #### Identity - Project: El Tigre - Commodity: silver - Region: mexico - Reported Region: Sonora, Mexico - Ticker: SLVR #### Resource scope - Estimate type: resource - Effective date: 2025-06-20T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Dave Duncan, Charles Spath, Fred Brown, Eugene Puritch - Resource group id: resource:2ff3cd6c88c4ba56fefa - Deposit or zone: Pit-Constrained Oxide - Mining method: combined - Ownership percent: 100 % #### Resource Data - Category: inferred - Tonnes: 18 - Grade: 146 - Grade Unit: g/t - Contained Metal: 83 - Contained Unit: koz - Cutoff Grade: 0.08 - Cutoff Unit: g/t AuEq #### Prior Estimate - Resource Date: 2025-06-20 #### Metal Equivalent - Metal Eq. Grade: 183 - Metal Eq. Unit: g/t AgEq - Assumptions Disclosed: Yes #### Lab - Laboratory: Bureau Veritas #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-20T00:00:00.000Z Reasoning: The inferred gold resource provides exploration upside but requires further drilling to upgrade confidence. \(Expanded from multi-commodity resource table for completeness.\) - Negative factor: Inferred resource classification has lower geological confidence. - Negative factor: Gold grade of 0.38 g/t for pit-constrained oxide material is moderate. Evidence · table > 146 Context: 18 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/silver-tiger-announces-a-pea-for-the-underground-with-an-after-tax-npv-of-us-304--4d3db948-09fc-41d0-82f1-c3b39fa9a1e4#fact-resource-facts-115) El Tigre · gold #### Identity - Project: El Tigre - Commodity: gold - Region: mexico - Reported Region: Sonora, Mexico - Ticker: SLVR #### Resource scope - Estimate type: resource - Effective date: 2025-06-20T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Dave Duncan, Charles Spath, Fred Brown, Eugene Puritch - Resource group id: resource:2ff3cd6c88c4ba56fefa - Deposit or zone: Pit-Constrained Oxide - Mining method: combined - Ownership percent: 100 % #### Resource Data - Category: inferred - Tonnes: 18 - Grade: 0.46 - Grade Unit: g/t - Contained Metal: 0.3 - Contained Unit: koz - Cutoff Grade: 0.08 - Cutoff Unit: g/t AuEq #### Prior Estimate - Resource Date: 2025-06-20 #### Metal Equivalent - Metal Eq. Grade: 183 - Metal Eq. Unit: g/t AgEq - Assumptions Disclosed: Yes #### Lab - Laboratory: Bureau Veritas #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-20T00:00:00.000Z Reasoning: The inferred gold resource provides exploration upside but requires further drilling to upgrade confidence. \(Expanded from multi-commodity resource table for completeness.\) - Negative factor: Inferred resource classification has lower geological confidence. - Negative factor: Gold grade of 0.38 g/t for pit-constrained oxide material is moderate. Evidence · table > 0.46 Context: 18 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/silver-tiger-announces-a-pea-for-the-underground-with-an-after-tax-npv-of-us-304--4d3db948-09fc-41d0-82f1-c3b39fa9a1e4#fact-resource-facts-116) El Tigre · copper #### Identity - Project: El Tigre - Commodity: copper - Region: mexico - Reported Region: Sonora, Mexico - Ticker: SLVR #### Resource scope - Estimate type: resource - Effective date: 2025-06-20T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Dave Duncan, Charles Spath, Fred Brown, Eugene Puritch - Resource group id: resource:2ff3cd6c88c4ba56fefa - Deposit or zone: Pit-Constrained Oxide - Mining method: combined - Ownership percent: 100 % #### Resource Data - Category: inferred - Tonnes: 18 - Grade: 0.02 - Grade Unit: % - Cutoff Grade: 0.08 - Cutoff Unit: g/t AuEq #### Prior Estimate - Resource Date: 2025-06-20 #### Metal Equivalent - Metal Eq. Grade: 183 - Metal Eq. Unit: g/t AgEq - Assumptions Disclosed: Yes #### Lab - Laboratory: Bureau Veritas #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-20T00:00:00.000Z Reasoning: The inferred gold resource provides exploration upside but requires further drilling to upgrade confidence. \(Expanded from multi-commodity resource table for completeness.\) - Negative factor: Inferred resource classification has lower geological confidence. - Negative factor: Gold grade of 0.38 g/t for pit-constrained oxide material is moderate. Evidence · table > 0.02 Context: 18 #### 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 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/silver-tiger-announces-a-pea-for-the-underground-with-an-after-tax-npv-of-us-304--4d3db948-09fc-41d0-82f1-c3b39fa9a1e4#fact-resource-facts-117) El Tigre · lead #### Identity - Project: El Tigre - Commodity: lead - Region: mexico - Reported Region: Sonora, Mexico - Ticker: SLVR #### Resource scope - Estimate type: resource - Effective date: 2025-06-20T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Dave Duncan, Charles Spath, Fred Brown, Eugene Puritch - Resource group id: resource:2ff3cd6c88c4ba56fefa - Deposit or zone: Pit-Constrained Oxide - Mining method: combined - Ownership percent: 100 % #### Resource Data - Category: inferred - Tonnes: 18 - Grade: 0.17 - Grade Unit: % - Cutoff Grade: 0.08 - Cutoff Unit: g/t AuEq #### Prior Estimate - Resource Date: 2025-06-20 #### Metal Equivalent - Metal Eq. Grade: 183 - Metal Eq. Unit: g/t AgEq - Assumptions Disclosed: Yes #### Lab - Laboratory: Bureau Veritas #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-20T00:00:00.000Z Reasoning: The inferred gold resource provides exploration upside but requires further drilling to upgrade confidence. \(Expanded from multi-commodity resource table for completeness.\) - Negative factor: Inferred resource classification has lower geological confidence. - Negative factor: Gold grade of 0.38 g/t for pit-constrained oxide material is moderate. Evidence · table > 0.17 Context: 18 #### 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 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/silver-tiger-announces-a-pea-for-the-underground-with-an-after-tax-npv-of-us-304--4d3db948-09fc-41d0-82f1-c3b39fa9a1e4#fact-resource-facts-118) El Tigre · zinc #### Identity - Project: El Tigre - Commodity: zinc - Region: mexico - Reported Region: Sonora, Mexico - Ticker: SLVR #### Resource scope - Estimate type: resource - Effective date: 2025-06-20T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Dave Duncan, Charles Spath, Fred Brown, Eugene Puritch - Resource group id: resource:2ff3cd6c88c4ba56fefa - Deposit or zone: Pit-Constrained Oxide - Mining method: combined - Ownership percent: 100 % #### Resource Data - Category: inferred - Tonnes: 18 - Grade: 0.09 - Grade Unit: % - Cutoff Grade: 0.08 - Cutoff Unit: g/t AuEq #### Prior Estimate - Resource Date: 2025-06-20 #### Metal Equivalent - Metal Eq. Grade: 183 - Metal Eq. Unit: g/t AgEq - Assumptions Disclosed: Yes #### Lab - Laboratory: Bureau Veritas #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-20T00:00:00.000Z Reasoning: The inferred gold resource provides exploration upside but requires further drilling to upgrade confidence. \(Expanded from multi-commodity resource table for completeness.\) - Negative factor: Inferred resource classification has lower geological confidence. - Negative factor: Gold grade of 0.38 g/t for pit-constrained oxide material is moderate. Evidence · table > 0.09 Context: 18 #### 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 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### measured [Link to this fact](https://atlas-extractions.minestarters.com/news/silver-tiger-announces-a-pea-for-the-underground-with-an-after-tax-npv-of-us-304--4d3db948-09fc-41d0-82f1-c3b39fa9a1e4#fact-resource-facts-119) El Tigre · silver #### Identity - Project: El Tigre - Commodity: silver - Region: mexico - Reported Region: Sonora, Mexico - Ticker: SLVR #### Resource scope - Estimate type: resource - Effective date: 2025-06-20T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Dave Duncan, Charles Spath, Fred Brown, Eugene Puritch - Resource group id: resource:19d6b4b13a895d54c811 - Deposit or zone: Pit-Constrained Oxide - Mining method: combined - Ownership percent: 100 % #### Resource Data - Category: measured - Tonnes: 34920 - Grade: 50 - Grade Unit: g/t - Contained Metal: 56145 - Contained Unit: koz - Cutoff Grade: 0.08 - Cutoff Unit: g/t AuEq #### Prior Estimate - Resource Date: 2025-06-20 #### Metal Equivalent - Metal Eq. Grade: 142 - Metal Eq. Unit: g/t AgEq - Assumptions Disclosed: Yes #### Lab - Laboratory: Bureau Veritas #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-20T00:00:00.000Z Reasoning: The measured gold resource in the pit-constrained oxide zone provides a high-confidence base for future studies and potential conversion to reserves. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: Measured resource classification indicates high geological confidence. - Positive factor: Good gold grade for pit-constrained oxide material. Evidence · table > 50 Context: 34,920 #### 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 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### measured [Link to this fact](https://atlas-extractions.minestarters.com/news/silver-tiger-announces-a-pea-for-the-underground-with-an-after-tax-npv-of-us-304--4d3db948-09fc-41d0-82f1-c3b39fa9a1e4#fact-resource-facts-120) El Tigre · gold #### Identity - Project: El Tigre - Commodity: gold - Region: mexico - Reported Region: Sonora, Mexico - Ticker: SLVR #### Resource scope - Estimate type: resource - Effective date: 2025-06-20T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Dave Duncan, Charles Spath, Fred Brown, Eugene Puritch - Resource group id: resource:19d6b4b13a895d54c811 - Deposit or zone: Pit-Constrained Oxide - Mining method: combined - Ownership percent: 100 % #### Resource Data - Category: measured - Tonnes: 34920 - Grade: 0.55 - Grade Unit: g/t - Contained Metal: 623 - Contained Unit: koz - Cutoff Grade: 0.08 - Cutoff Unit: g/t AuEq #### Prior Estimate - Resource Date: 2025-06-20 #### Metal Equivalent - Metal Eq. Grade: 142 - Metal Eq. Unit: g/t AgEq - Assumptions Disclosed: Yes #### Lab - Laboratory: Bureau Veritas #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-20T00:00:00.000Z Reasoning: The measured gold resource in the pit-constrained oxide zone provides a high-confidence base for future studies and potential conversion to reserves. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: Measured resource classification indicates high geological confidence. - Positive factor: Good gold grade for pit-constrained oxide material. Evidence · table > 0.55 Context: 34,920 #### 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 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### measured [Link to this fact](https://atlas-extractions.minestarters.com/news/silver-tiger-announces-a-pea-for-the-underground-with-an-after-tax-npv-of-us-304--4d3db948-09fc-41d0-82f1-c3b39fa9a1e4#fact-resource-facts-121) El Tigre · copper #### Identity - Project: El Tigre - Commodity: copper - Region: mexico - Reported Region: Sonora, Mexico - Ticker: SLVR #### Resource scope - Estimate type: resource - Effective date: 2025-06-20T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Dave Duncan, Charles Spath, Fred Brown, Eugene Puritch - Resource group id: resource:19d6b4b13a895d54c811 - Deposit or zone: Pit-Constrained Oxide - Mining method: combined - Ownership percent: 100 % #### Resource Data - Category: measured - Tonnes: 34920 - Grade: 0.13 - Grade Unit: % - Cutoff Grade: 0.08 - Cutoff Unit: g/t AuEq #### Prior Estimate - Resource Date: 2025-06-20 #### Metal Equivalent - Metal Eq. Grade: 142 - Metal Eq. Unit: g/t AgEq - Assumptions Disclosed: Yes #### Lab - Laboratory: Bureau Veritas #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-20T00:00:00.000Z Reasoning: The measured gold resource in the pit-constrained oxide zone provides a high-confidence base for future studies and potential conversion to reserves. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: Measured resource classification indicates high geological confidence. - Positive factor: Good gold grade for pit-constrained oxide material. Evidence · table > 0.13 Context: 34,920 #### 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 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### measured [Link to this fact](https://atlas-extractions.minestarters.com/news/silver-tiger-announces-a-pea-for-the-underground-with-an-after-tax-npv-of-us-304--4d3db948-09fc-41d0-82f1-c3b39fa9a1e4#fact-resource-facts-122) El Tigre · lead #### Identity - Project: El Tigre - Commodity: lead - Region: mexico - Reported Region: Sonora, Mexico - Ticker: SLVR #### Resource scope - Estimate type: resource - Effective date: 2025-06-20T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Dave Duncan, Charles Spath, Fred Brown, Eugene Puritch - Resource group id: resource:19d6b4b13a895d54c811 - Deposit or zone: Pit-Constrained Oxide - Mining method: combined - Ownership percent: 100 % #### Resource Data - Category: measured - Tonnes: 34920 - Grade: 0.54 - Grade Unit: % - Cutoff Grade: 0.08 - Cutoff Unit: g/t AuEq #### Prior Estimate - Resource Date: 2025-06-20 #### Metal Equivalent - Metal Eq. Grade: 142 - Metal Eq. Unit: g/t AgEq - Assumptions Disclosed: Yes #### Lab - Laboratory: Bureau Veritas #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-20T00:00:00.000Z Reasoning: The measured gold resource in the pit-constrained oxide zone provides a high-confidence base for future studies and potential conversion to reserves. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: Measured resource classification indicates high geological confidence. - Positive factor: Good gold grade for pit-constrained oxide material. Evidence · table > 0.54 Context: 34,920 #### 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 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### measured [Link to this fact](https://atlas-extractions.minestarters.com/news/silver-tiger-announces-a-pea-for-the-underground-with-an-after-tax-npv-of-us-304--4d3db948-09fc-41d0-82f1-c3b39fa9a1e4#fact-resource-facts-123) El Tigre · zinc #### Identity - Project: El Tigre - Commodity: zinc - Region: mexico - Reported Region: Sonora, Mexico - Ticker: SLVR #### Resource scope - Estimate type: resource - Effective date: 2025-06-20T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Dave Duncan, Charles Spath, Fred Brown, Eugene Puritch - Resource group id: resource:19d6b4b13a895d54c811 - Deposit or zone: Pit-Constrained Oxide - Mining method: combined - Ownership percent: 100 % #### Resource Data - Category: measured - Tonnes: 34920 - Grade: 0.92 - Grade Unit: % - Cutoff Grade: 0.08 - Cutoff Unit: g/t AuEq #### Prior Estimate - Resource Date: 2025-06-20 #### Metal Equivalent - Metal Eq. Grade: 142 - Metal Eq. Unit: g/t AgEq - Assumptions Disclosed: Yes #### Lab - Laboratory: Bureau Veritas #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-20T00:00:00.000Z Reasoning: The measured gold resource in the pit-constrained oxide zone provides a high-confidence base for future studies and potential conversion to reserves. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: Measured resource classification indicates high geological confidence. - Positive factor: Good gold grade for pit-constrained oxide material. Evidence · table > 0.92 Context: 34,920 #### 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 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/silver-tiger-announces-a-pea-for-the-underground-with-an-after-tax-npv-of-us-304--4d3db948-09fc-41d0-82f1-c3b39fa9a1e4#fact-resource-facts-124) El Tigre · silver #### Identity - Project: El Tigre - Commodity: silver - Region: mexico - Reported Region: Sonora, Mexico - Ticker: SLVR #### Resource scope - Estimate type: resource - Effective date: 2025-06-20T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Dave Duncan, Charles Spath, Fred Brown, Eugene Puritch - Resource group id: resource:cb21c1b2dd50e3304fc8 - Deposit or zone: Pit-Constrained Oxide - Mining method: combined - Ownership percent: 100 % #### Resource Data - Category: indicated - Tonnes: 23708 - Grade: 36 - Grade Unit: g/t - Contained Metal: 27275 - Contained Unit: koz - Cutoff Grade: 0.08 - Cutoff Unit: g/t AuEq #### Prior Estimate - Resource Date: 2025-06-20 #### Metal Equivalent - Metal Eq. Grade: 100 - Metal Eq. Unit: g/t AgEq - Assumptions Disclosed: Yes #### Lab - Laboratory: Bureau Veritas #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-20T00:00:00.000Z Reasoning: The indicated gold resource in the pit-constrained oxide zone adds to the project's resource base, though at a moderate grade. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: Indicated resource classification provides reasonable geological confidence. - Negative factor: Gold grade of 0.36 g/t for pit-constrained oxide material is moderate. Evidence · table > 36 Context: 23,708 #### 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 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/silver-tiger-announces-a-pea-for-the-underground-with-an-after-tax-npv-of-us-304--4d3db948-09fc-41d0-82f1-c3b39fa9a1e4#fact-resource-facts-125) El Tigre · gold #### Identity - Project: El Tigre - Commodity: gold - Region: mexico - Reported Region: Sonora, Mexico - Ticker: SLVR #### Resource scope - Estimate type: resource - Effective date: 2025-06-20T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Dave Duncan, Charles Spath, Fred Brown, Eugene Puritch - Resource group id: resource:cb21c1b2dd50e3304fc8 - Deposit or zone: Pit-Constrained Oxide - Mining method: combined - Ownership percent: 100 % #### Resource Data - Category: indicated - Tonnes: 23708 - Grade: 0.4 - Grade Unit: g/t - Contained Metal: 308 - Contained Unit: koz - Cutoff Grade: 0.08 - Cutoff Unit: g/t AuEq #### Prior Estimate - Resource Date: 2025-06-20 #### Metal Equivalent - Metal Eq. Grade: 100 - Metal Eq. Unit: g/t AgEq - Assumptions Disclosed: Yes #### Lab - Laboratory: Bureau Veritas #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-20T00:00:00.000Z Reasoning: The indicated gold resource in the pit-constrained oxide zone adds to the project's resource base, though at a moderate grade. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: Indicated resource classification provides reasonable geological confidence. - Negative factor: Gold grade of 0.36 g/t for pit-constrained oxide material is moderate. Evidence · table > 0.40 Context: 23,708 #### 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 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/silver-tiger-announces-a-pea-for-the-underground-with-an-after-tax-npv-of-us-304--4d3db948-09fc-41d0-82f1-c3b39fa9a1e4#fact-resource-facts-126) El Tigre · copper #### Identity - Project: El Tigre - Commodity: copper - Region: mexico - Reported Region: Sonora, Mexico - Ticker: SLVR #### Resource scope - Estimate type: resource - Effective date: 2025-06-20T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Dave Duncan, Charles Spath, Fred Brown, Eugene Puritch - Resource group id: resource:cb21c1b2dd50e3304fc8 - Deposit or zone: Pit-Constrained Oxide - Mining method: combined - Ownership percent: 100 % #### Resource Data - Category: indicated - Tonnes: 23708 - Grade: 0.07 - Grade Unit: % - Cutoff Grade: 0.08 - Cutoff Unit: g/t AuEq #### Prior Estimate - Resource Date: 2025-06-20 #### Metal Equivalent - Metal Eq. Grade: 100 - Metal Eq. Unit: g/t AgEq - Assumptions Disclosed: Yes #### Lab - Laboratory: Bureau Veritas #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-20T00:00:00.000Z Reasoning: The indicated gold resource in the pit-constrained oxide zone adds to the project's resource base, though at a moderate grade. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: Indicated resource classification provides reasonable geological confidence. - Negative factor: Gold grade of 0.36 g/t for pit-constrained oxide material is moderate. Evidence · table > 0.07 Context: 23,708 #### 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 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/silver-tiger-announces-a-pea-for-the-underground-with-an-after-tax-npv-of-us-304--4d3db948-09fc-41d0-82f1-c3b39fa9a1e4#fact-resource-facts-127) El Tigre · lead #### Identity - Project: El Tigre - Commodity: lead - Region: mexico - Reported Region: Sonora, Mexico - Ticker: SLVR #### Resource scope - Estimate type: resource - Effective date: 2025-06-20T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Dave Duncan, Charles Spath, Fred Brown, Eugene Puritch - Resource group id: resource:cb21c1b2dd50e3304fc8 - Deposit or zone: Pit-Constrained Oxide - Mining method: combined - Ownership percent: 100 % #### Resource Data - Category: indicated - Tonnes: 23708 - Grade: 0.24 - Grade Unit: % - Cutoff Grade: 0.08 - Cutoff Unit: g/t AuEq #### Prior Estimate - Resource Date: 2025-06-20 #### Metal Equivalent - Metal Eq. Grade: 100 - Metal Eq. Unit: g/t AgEq - Assumptions Disclosed: Yes #### Lab - Laboratory: Bureau Veritas #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-20T00:00:00.000Z Reasoning: The indicated gold resource in the pit-constrained oxide zone adds to the project's resource base, though at a moderate grade. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: Indicated resource classification provides reasonable geological confidence. - Negative factor: Gold grade of 0.36 g/t for pit-constrained oxide material is moderate. Evidence · table > 0.24 Context: 23,708 #### 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 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/silver-tiger-announces-a-pea-for-the-underground-with-an-after-tax-npv-of-us-304--4d3db948-09fc-41d0-82f1-c3b39fa9a1e4#fact-resource-facts-128) El Tigre · zinc #### Identity - Project: El Tigre - Commodity: zinc - Region: mexico - Reported Region: Sonora, Mexico - Ticker: SLVR #### Resource scope - Estimate type: resource - Effective date: 2025-06-20T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Dave Duncan, Charles Spath, Fred Brown, Eugene Puritch - Resource group id: resource:cb21c1b2dd50e3304fc8 - Deposit or zone: Pit-Constrained Oxide - Mining method: combined - Ownership percent: 100 % #### Resource Data - Category: indicated - Tonnes: 23708 - Grade: 0.39 - Grade Unit: % - Cutoff Grade: 0.08 - Cutoff Unit: g/t AuEq #### Prior Estimate - Resource Date: 2025-06-20 #### Metal Equivalent - Metal Eq. Grade: 100 - Metal Eq. Unit: g/t AgEq - Assumptions Disclosed: Yes #### Lab - Laboratory: Bureau Veritas #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-20T00:00:00.000Z Reasoning: The indicated gold resource in the pit-constrained oxide zone adds to the project's resource base, though at a moderate grade. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: Indicated resource classification provides reasonable geological confidence. - Negative factor: Gold grade of 0.36 g/t for pit-constrained oxide material is moderate. Evidence · table > 0.39 Context: 23,708 #### 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 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/silver-tiger-announces-a-pea-for-the-underground-with-an-after-tax-npv-of-us-304--4d3db948-09fc-41d0-82f1-c3b39fa9a1e4#fact-resource-facts-129) El Tigre · silver #### Identity - Project: El Tigre - Commodity: silver - Region: mexico - Reported Region: Sonora, Mexico - Ticker: SLVR #### Resource scope - Estimate type: resource - Effective date: 2025-06-20T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Dave Duncan, Charles Spath, Fred Brown, Eugene Puritch - Resource group id: resource:248d68ff02c95c1e2a95 - Deposit or zone: Pit-Constrained Oxide - Mining method: combined - Ownership percent: 100 % #### Resource Data - Category: inferred - Tonnes: 9108 - Grade: 142 - Grade Unit: g/t - Contained Metal: 41589 - Contained Unit: koz - Cutoff Grade: 0.08 - Cutoff Unit: g/t AuEq #### Prior Estimate - Resource Date: 2025-06-20 #### Metal Equivalent - Metal Eq. Grade: 269 - Metal Eq. Unit: g/t AgEq - Assumptions Disclosed: Yes #### Lab - Laboratory: Bureau Veritas #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-20T00:00:00.000Z Reasoning: The inferred gold resource provides exploration upside but requires further drilling to upgrade confidence. \(Expanded from multi-commodity resource table for completeness.\) - Negative factor: Inferred resource classification has lower geological confidence. - Negative factor: Gold grade of 0.38 g/t for pit-constrained oxide material is moderate. Evidence · table > 142 Context: 9,108 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/silver-tiger-announces-a-pea-for-the-underground-with-an-after-tax-npv-of-us-304--4d3db948-09fc-41d0-82f1-c3b39fa9a1e4#fact-resource-facts-130) El Tigre · gold #### Identity - Project: El Tigre - Commodity: gold - Region: mexico - Reported Region: Sonora, Mexico - Ticker: SLVR #### Resource scope - Estimate type: resource - Effective date: 2025-06-20T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Dave Duncan, Charles Spath, Fred Brown, Eugene Puritch - Resource group id: resource:248d68ff02c95c1e2a95 - Deposit or zone: Pit-Constrained Oxide - Mining method: combined - Ownership percent: 100 % #### Resource Data - Category: inferred - Tonnes: 9108 - Grade: 0.92 - Grade Unit: g/t - Contained Metal: 271 - Contained Unit: koz - Cutoff Grade: 0.08 - Cutoff Unit: g/t AuEq #### Prior Estimate - Resource Date: 2025-06-20 #### Metal Equivalent - Metal Eq. Grade: 269 - Metal Eq. Unit: g/t AgEq - Assumptions Disclosed: Yes #### Lab - Laboratory: Bureau Veritas #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-20T00:00:00.000Z Reasoning: The inferred gold resource provides exploration upside but requires further drilling to upgrade confidence. \(Expanded from multi-commodity resource table for completeness.\) - Negative factor: Inferred resource classification has lower geological confidence. - Negative factor: Gold grade of 0.38 g/t for pit-constrained oxide material is moderate. Evidence · table > 0.92 Context: 9,108 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/silver-tiger-announces-a-pea-for-the-underground-with-an-after-tax-npv-of-us-304--4d3db948-09fc-41d0-82f1-c3b39fa9a1e4#fact-resource-facts-131) El Tigre · copper #### Identity - Project: El Tigre - Commodity: copper - Region: mexico - Reported Region: Sonora, Mexico - Ticker: SLVR #### Resource scope - Estimate type: resource - Effective date: 2025-06-20T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Dave Duncan, Charles Spath, Fred Brown, Eugene Puritch - Resource group id: resource:248d68ff02c95c1e2a95 - Deposit or zone: Pit-Constrained Oxide - Mining method: combined - Ownership percent: 100 % #### Resource Data - Category: inferred - Tonnes: 9108 - Grade: 0.32 - Grade Unit: % - Cutoff Grade: 0.08 - Cutoff Unit: g/t AuEq #### Prior Estimate - Resource Date: 2025-06-20 #### Metal Equivalent - Metal Eq. Grade: 269 - Metal Eq. Unit: g/t AgEq - Assumptions Disclosed: Yes #### Lab - Laboratory: Bureau Veritas #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-20T00:00:00.000Z Reasoning: The inferred gold resource provides exploration upside but requires further drilling to upgrade confidence. \(Expanded from multi-commodity resource table for completeness.\) - Negative factor: Inferred resource classification has lower geological confidence. - Negative factor: Gold grade of 0.38 g/t for pit-constrained oxide material is moderate. Evidence · table > 0.32 Context: 9,108 #### 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 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/silver-tiger-announces-a-pea-for-the-underground-with-an-after-tax-npv-of-us-304--4d3db948-09fc-41d0-82f1-c3b39fa9a1e4#fact-resource-facts-132) El Tigre · lead #### Identity - Project: El Tigre - Commodity: lead - Region: mexico - Reported Region: Sonora, Mexico - Ticker: SLVR #### Resource scope - Estimate type: resource - Effective date: 2025-06-20T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Dave Duncan, Charles Spath, Fred Brown, Eugene Puritch - Resource group id: resource:248d68ff02c95c1e2a95 - Deposit or zone: Pit-Constrained Oxide - Mining method: combined - Ownership percent: 100 % #### Resource Data - Category: inferred - Tonnes: 9108 - Grade: 0.75 - Grade Unit: % - Cutoff Grade: 0.08 - Cutoff Unit: g/t AuEq #### Prior Estimate - Resource Date: 2025-06-20 #### Metal Equivalent - Metal Eq. Grade: 269 - Metal Eq. Unit: g/t AgEq - Assumptions Disclosed: Yes #### Lab - Laboratory: Bureau Veritas #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-20T00:00:00.000Z Reasoning: The inferred gold resource provides exploration upside but requires further drilling to upgrade confidence. \(Expanded from multi-commodity resource table for completeness.\) - Negative factor: Inferred resource classification has lower geological confidence. - Negative factor: Gold grade of 0.38 g/t for pit-constrained oxide material is moderate. Evidence · table > 0.75 Context: 9,108 #### 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 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/silver-tiger-announces-a-pea-for-the-underground-with-an-after-tax-npv-of-us-304--4d3db948-09fc-41d0-82f1-c3b39fa9a1e4#fact-resource-facts-133) El Tigre · zinc #### Identity - Project: El Tigre - Commodity: zinc - Region: mexico - Reported Region: Sonora, Mexico - Ticker: SLVR #### Resource scope - Estimate type: resource - Effective date: 2025-06-20T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Dave Duncan, Charles Spath, Fred Brown, Eugene Puritch - Resource group id: resource:248d68ff02c95c1e2a95 - Deposit or zone: Pit-Constrained Oxide - Mining method: combined - Ownership percent: 100 % #### Resource Data - Category: inferred - Tonnes: 9108 - Grade: 0.89 - Grade Unit: % - Cutoff Grade: 0.08 - Cutoff Unit: g/t AuEq #### Prior Estimate - Resource Date: 2025-06-20 #### Metal Equivalent - Metal Eq. Grade: 269 - Metal Eq. Unit: g/t AgEq - Assumptions Disclosed: Yes #### Lab - Laboratory: Bureau Veritas #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-20T00:00:00.000Z Reasoning: The inferred gold resource provides exploration upside but requires further drilling to upgrade confidence. \(Expanded from multi-commodity resource table for completeness.\) - Negative factor: Inferred resource classification has lower geological confidence. - Negative factor: Gold grade of 0.38 g/t for pit-constrained oxide material is moderate. Evidence · table > 0.89 Context: 9,108 #### 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 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ## Metallurgical Results (2) ### crushing, coarse bottle rolls, column testing [Link to this fact](https://atlas-extractions.minestarters.com/news/silver-tiger-announces-a-pea-for-the-underground-with-an-after-tax-npv-of-us-304--4d3db948-09fc-41d0-82f1-c3b39fa9a1e4#fact-metallurgical-facts-0) El Tigre · silver #### Identity - Project: El Tigre - Commodity: silver - Region: mexico - Reported Region: Sonora, Mexico - Ticker: SLVR #### Test Work - Program Status: detailed - Test Type: crushing, coarse bottle rolls, column testing - Processing Route: heap leach, Merrill - Crowe process - Sample: Transition and Sulphide zones #### Recovery - Recovery: 43 % - Recovery Basis: actual\_test #### Lab - Laboratory: McClelland Laboratories, Inc., Sparks, Nevada #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-20T00:00:00.000Z Reasoning: Silver recovery of 43% for transition and sulphide material is weak for heap leach, which could significantly impact overall silver production and revenue from these zones. - Positive factor: Test work completed by a reputable laboratory \(McClelland Laboratories\). - Negative factor: Silver recovery of 43% for transition and sulphide material is weak for heap leach, indicating significant losses. Evidence · text > The transition and sulfide zones had estimated recoveries of 59% Au and 43% Ag. Further percolation testing also confirmed no requirement for agglomeration of the crushed material is required prior to loading on the leach pad. #### Tags used in scoring **Heap Leach Route** Polarity: neutral Definition: Processing via heap leach — lower CAPEX and OPEX, lower recovery expected. Why it applies: processing\_route matches the heap\_leach signal **Low Recovery** Polarity: negative Definition: Recovery below the weak band for the commodity and processing route. Why it applies: 43% is below the weak band \(75%\) ### crushing, coarse bottle rolls, column testing [Link to this fact](https://atlas-extractions.minestarters.com/news/silver-tiger-announces-a-pea-for-the-underground-with-an-after-tax-npv-of-us-304--4d3db948-09fc-41d0-82f1-c3b39fa9a1e4#fact-metallurgical-facts-1) El Tigre · gold #### Identity - Project: El Tigre - Commodity: gold - Region: mexico - Reported Region: Sonora, Mexico - Ticker: SLVR #### Test Work - Program Status: detailed - Test Type: crushing, coarse bottle rolls, column testing - Processing Route: heap leach, Merrill - Crowe process - Sample: Transition and Sulphide zones #### Recovery - Recovery: 59 % - Recovery Basis: actual\_test #### Lab - Laboratory: McClelland Laboratories, Inc., Sparks, Nevada #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-20T00:00:00.000Z Reasoning: Gold recovery of 59% for transition and sulphide material is lower than for oxide, suggesting potential metallurgical challenges or lower revenue from these zones. - Positive factor: Test work completed by a reputable laboratory \(McClelland Laboratories\). - Negative factor: Gold recovery of 59% for transition and sulphide material is moderate to weak for heap leach, indicating potential challenges. Evidence · text > The transition and sulfide zones had estimated recoveries of 59% Au and 43% Ag. Further percolation testing also confirmed no requirement for agglomeration of the crushed material is required prior to loading on the leach pad. #### Tags used in scoring **Heap Leach Route** Polarity: neutral Definition: Processing via heap leach — lower CAPEX and OPEX, lower recovery expected. Why it applies: processing\_route matches the heap\_leach signal ## 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.