Silvercorp reports a Mineral Reserve increase of 50% in tonnes and 20% in silver ounces for the Ying Mining District
Original announcement by tmx on
- Company
- Silvercorp Metals Inc.
- Ticker
- SVM
- Exchange
- TSX
- Region
- Henan Province, People's Republic of China
- Primary commodity
- Silver
- Secondary commodities
- Lead, Zinc, Gold, Copper
- Document categories
- Resource update
- Extracted
- 2026-09-13 02:40:42 UTC
Analysis by Minestarters Atlas
Minestarters Atlas analysis
Summary
Silvercorp has announced an updated Technical Report for its Ying Mining District, reporting a 50% increase in Mineral Reserve tonnes and a 20% increase in contained silver ounces. Measured and Indicated Resources also saw a 90% increase in tonnes and significant growth in contained metal. The update extends the mine life to 17 years with positive economic projections, though reserve grades for silver, lead, and zinc have decreased.
Reasoning: Silvercorp reports a substantial increase in Mineral Reserves and Measured & Indicated Resources, extending the mine life and improving contained metal, which is highly positive. However, the grade dilution in reserves and the use of lower cut-off grades due to higher metal prices introduce some caution.
Positive factors
- Significant increase in total Mineral Reserve tonnes (+50%) and contained silver ounces (+20%) for the Ying Mining District.
- Measured and Indicated Resource tonnes increased by 90%, with substantial growth in contained metal across all commodities.
- The estimate is NI 43-101 compliant and signed off by multiple independent Qualified Persons, indicating high confidence.
- The project demonstrates a long life of mine (17 years) with potential for extension and positive economic projections (NPV of $1,030M post-tax).
Negative factors
- Reserve grades for silver, lead, and zinc have decreased by 20%, 23%, and 17% respectively, indicating grade dilution.
- Lower cut-off grades were applied due to higher silver prices, which may contribute to tonnage growth but dilute overall grade.
- Inferred Resource grades for silver, gold, and lead have decreased, and contained gold and silver in the Inferred category also declined.
Low confidence — this extraction should be reviewed alongside the original source.
Facts used in scoring: 106
Classification and evidence
Tonnage Growthpositive
Tonnage increase reaching the strong tier vs prior estimate, with grade maintained or improved.
Why it applies: Total Proven and Probable Mineral Reserve tonnes increased by 50% compared to the prior estimate.
Evidence · text
“50% increase in total (Proven + Probable) Ying Mineral Reserve tonnes”
Contained Metal Growthpositive
True scale improvement — contained metal ounces/tonnes increased vs prior, accounting for both tonnage and grade changes.
Why it applies: Contained silver, gold, lead, and zinc metal in Mineral Reserves increased by 20%, 52%, 16%, and 22% respectively.
Evidence · text
“Increase in Ag, Au, Pb, and Zn metal content of 20%, 52%, 16%, and 22%, respectively.”
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: The Technical Report was prepared by eleven independent Qualified Persons (QPs) who have reviewed and consented to the press release.
Evidence · text
“The eleven authors of the Technical Report are independent Qualified Persons (QPs).”
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: The Technical Report was prepared in accordance with National Instrument 43‑101 Standards of Disclosure for Mineral Projects.
Evidence · text
“prepared in accordance with National Instrument 43‑101 Standards of Disclosure for Mineral Projects”
Grade Declinenegative
Average grade fell below the red-flag bound vs prior estimate — deposit economics worsening. May indicate high-grading in early drilling.
Why it applies: Ying Mineral Reserve grades show reductions of 20% for Ag, 23% for Pb, and 17% for Zn compared to the prior estimate.
Evidence · text
“reductions of 20%, 23%, and 17% in Ag, Pb, and Zn grades, respectively.”
Cut-off Lowerednegative
Cut-off grade reduced beyond the suspicious bound vs prior estimate — tonnage growth may be artificial inflation.
Why it applies: Lower cut-off grades were applied in the updated estimate due to a higher silver price used.
Evidence · text
“Lower cut-off grades were applied due to a higher silver price used ($28/oz in 2026 vs $21/oz in 2024).”
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: The document reports the results of an updated Technical Report for the Ying Mining District.
Evidence · text
“results of an updated Technical Report”
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: The Technical Report includes a life of mine (LOM) production profile and economic analysis with NPV projections, indicating a pre-feasibility or feasibility level study.
Evidence · text
“Using the LOM production profile based on the 31 December 2025 Mineral Reserves, with long-term [2] metal prices of $28/oz Ag, $2,800/oz Au, $0.90/lb Pb, $1.20/lb Zn, and $4.40/lb Cu, and a 5% discount rate, pre-tax and post-tax NPVs of $1,275M and $1,030M, respectively, are projected”
Extracted facts
Stored fact records: 106. Some facts used in scoring do not have a stored record.
Resource Estimates (106)
measuredYing Mining District · silverTonnes: 20940000Grade: 164Grade Unit: g/tContained Metal: 110.24Contained Unit: mozView all detailsHide details
Identity
- Project
- Ying Mining District
- Commodity
- silver
- Region
- china
- Reported Region
- Henan Province, People's Republic of China
- Ticker
- SVM
Resource scope
- Estimate type
- resource
- Effective date
- 2025-12-31T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- HA Smith, GK Vartell, S Robinson, RC Stewart, JE Glanvill, A Wilkins, B Nielsen, M Kent, R Carlson, RJ Chesher, D Claffey
- Resource group id
- resource:2c808ceeeb3591ea03cc
- Deposit or zone
- All
- Mining method
- underground
Resource Data
- Category
- measured
- Tonnes
- 20940000
- Grade
- 164
- Grade Unit
- g/t
- Contained Metal
- 110.24
- Contained Unit
- moz
- Cutoff Grade
- 75
- Cutoff Unit
- g/t AgEq
Prior Estimate
- Resource Date
- 2025-12-31
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-06-12T00:00:00.000Z
Reasoning: Measured resource for silver is substantial and high confidence, contributing significantly to the overall project.
Positive factors
- High confidence Measured category.
- Significant contained silver metal.
- NI 43-101 compliant and QP signed.
Evidence · table
“164”
Context: 20.94
Tags used in scoring
Measured Resourcepositive
Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
Why it applies: category is "measured"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
measuredYing Mining District · leadTonnes: 20940000Grade: 2.62Grade Unit: %Contained Metal: 547.72Contained Unit: ktView all detailsHide details
Identity
- Project
- Ying Mining District
- Commodity
- lead
- Region
- china
- Reported Region
- Henan Province, People's Republic of China
- Ticker
- SVM
Resource scope
- Estimate type
- resource
- Effective date
- 2025-12-31T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- HA Smith, GK Vartell, S Robinson, RC Stewart, JE Glanvill, A Wilkins, B Nielsen, M Kent, R Carlson, RJ Chesher, D Claffey
- Resource group id
- resource:2c808ceeeb3591ea03cc
- Deposit or zone
- All
- Mining method
- underground
Resource Data
- Category
- measured
- Tonnes
- 20940000
- Grade
- 2.62
- Grade Unit
- %
- Contained Metal
- 547.72
- Contained Unit
- kt
- Cutoff Grade
- 75
- Cutoff Unit
- g/t AgEq
Prior Estimate
- Resource Date
- 2025-12-31
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-06-12T00:00:00.000Z
Reasoning: Measured resource for lead is substantial and high confidence, contributing to the polymetallic nature of the project.
Positive factors
- High confidence Measured category.
- Significant contained lead metal.
- NI 43-101 compliant and QP signed.
Evidence · table
“2.62”
Context: 20.94
Tags used in scoring
Measured Resourcepositive
Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
Why it applies: category is "measured"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
measuredYing Mining District · zincTonnes: 20940000Grade: 0.78Grade Unit: %Contained Metal: 162.45Contained Unit: ktView all detailsHide details
Identity
- Project
- Ying Mining District
- Commodity
- zinc
- Region
- china
- Reported Region
- Henan Province, People's Republic of China
- Ticker
- SVM
Resource scope
- Estimate type
- resource
- Effective date
- 2025-12-31T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- HA Smith, GK Vartell, S Robinson, RC Stewart, JE Glanvill, A Wilkins, B Nielsen, M Kent, R Carlson, RJ Chesher, D Claffey
- Resource group id
- resource:2c808ceeeb3591ea03cc
- Deposit or zone
- All
- Mining method
- underground
Resource Data
- Category
- measured
- Tonnes
- 20940000
- Grade
- 0.78
- Grade Unit
- %
- Contained Metal
- 162.45
- Contained Unit
- kt
- Cutoff Grade
- 75
- Cutoff Unit
- g/t AgEq
Prior Estimate
- Resource Date
- 2025-12-31
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-06-12T00:00:00.000Z
Reasoning: Measured resource for zinc adds to the polymetallic nature of the project, though grade is relatively weak.
Positive factors
- High confidence Measured category.
- Contributes to polymetallic resource.
- NI 43-101 compliant and QP signed.
Evidence · table
“0.78”
Context: 20.94
Tags used in scoring
Measured Resourcepositive
Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
Why it applies: category is "measured"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
measuredYing Mining District · goldTonnes: 20940000Grade: 0.15Grade Unit: g/tContained Metal: 98.86Contained Unit: kozView all detailsHide details
Identity
- Project
- Ying Mining District
- Commodity
- gold
- Region
- china
- Reported Region
- Henan Province, People's Republic of China
- Ticker
- SVM
Resource scope
- Estimate type
- resource
- Effective date
- 2025-12-31T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- HA Smith, GK Vartell, S Robinson, RC Stewart, JE Glanvill, A Wilkins, B Nielsen, M Kent, R Carlson, RJ Chesher, D Claffey
- Resource group id
- resource:2c808ceeeb3591ea03cc
- Deposit or zone
- All
- Mining method
- underground
Resource Data
- Category
- measured
- Tonnes
- 20940000
- Grade
- 0.15
- Grade Unit
- g/t
- Contained Metal
- 98.86
- Contained Unit
- koz
- Cutoff Grade
- 75
- Cutoff Unit
- g/t AgEq
Prior Estimate
- Resource Date
- 2025-12-31
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-06-12T00:00:00.000Z
Reasoning: Measured resource for gold is present but at a relatively low grade, making it a minor contributor to the overall resource.
Positive factors
- High confidence Measured category.
- Contributes to polymetallic resource.
- NI 43-101 compliant and QP signed.
Evidence · table
“0.15”
Context: 20.94
Tags used in scoring
Measured Resourcepositive
Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
Why it applies: category is "measured"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
measuredYing Mining District · copperTonnes: 20940000Grade: 0.06Grade Unit: %Contained Metal: 13.41Contained Unit: ktView all detailsHide details
Identity
- Project
- Ying Mining District
- Commodity
- copper
- Region
- china
- Reported Region
- Henan Province, People's Republic of China
- Ticker
- SVM
Resource scope
- Estimate type
- resource
- Effective date
- 2025-12-31T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- HA Smith, GK Vartell, S Robinson, RC Stewart, JE Glanvill, A Wilkins, B Nielsen, M Kent, R Carlson, RJ Chesher, D Claffey
- Resource group id
- resource:2c808ceeeb3591ea03cc
- Deposit or zone
- All
- Mining method
- underground
Resource Data
- Category
- measured
- Tonnes
- 20940000
- Grade
- 0.06
- Grade Unit
- %
- Contained Metal
- 13.41
- Contained Unit
- kt
- Cutoff Grade
- 75
- Cutoff Unit
- g/t AgEq
Prior Estimate
- Resource Date
- 2025-12-31
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-06-12T00:00:00.000Z
Reasoning: Measured resource for copper is present but at a very low grade, making it a minor byproduct.
Positive factors
- High confidence Measured category.
- Contributes to polymetallic resource.
- NI 43-101 compliant and QP signed.
Evidence · table
“0.06”
Context: 20.94
Tags used in scoring
Measured Resourcepositive
Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
Why it applies: category is "measured"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
indicatedYing Mining District · silverTonnes: 21240000Grade: 128Grade Unit: g/tContained Metal: 87.39Contained Unit: mozView all detailsHide details
Identity
- Project
- Ying Mining District
- Commodity
- silver
- Region
- china
- Reported Region
- Henan Province, People's Republic of China
- Ticker
- SVM
Resource scope
- Estimate type
- resource
- Effective date
- 2025-12-31T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- HA Smith, GK Vartell, S Robinson, RC Stewart, JE Glanvill, A Wilkins, B Nielsen, M Kent, R Carlson, RJ Chesher, D Claffey
- Resource group id
- resource:50e34e11571a63ef4fac
- Deposit or zone
- All
- Mining method
- underground
Resource Data
- Category
- indicated
- Tonnes
- 21240000
- Grade
- 128
- Grade Unit
- g/t
- Contained Metal
- 87.39
- Contained Unit
- moz
- Cutoff Grade
- 75
- Cutoff Unit
- g/t AgEq
Prior Estimate
- Resource Date
- 2025-12-31
- Prior Tonnes
- 22200000
- Prior Grade
- 202.78
- Prior Contained Metal
- 144.26
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-06-12T00:00:00.000Z
Reasoning: Indicated resource for silver is substantial, but the significant decrease in grade and contained metal compared to the prior estimate is a concern, despite overall tonnage growth.
Positive factors
- Significant contained silver metal.
- NI 43-101 compliant and QP signed.
Negative factors
- Indicated grades for silver decreased by 28% compared to the prior estimate.
- Contained silver in the indicated category decreased compared to prior estimate.
Evidence · table
“128”
Context: 21.24
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
Tonnage Declinenegative
Resource tonnage decreased vs prior estimate — pit optimization removed marginal material or geological model revised down.
Why it applies: 21240000 against 22200000 previously
Grade Declinenegative
Average grade fell below the red-flag bound vs prior estimate — deposit economics worsening. May indicate high-grading in early drilling.
Why it applies: 128 against 202.78 previously
Contained Metal Declinenegative
Contained metal decreased vs prior despite tonnage growth — grade dilution exceeds volume gain.
Why it applies: 87.39 against 144.26 previously
indicatedYing Mining District · leadTonnes: 21240000Grade: 1.87Grade Unit: %Contained Metal: 396.11Contained Unit: ktView all detailsHide details
Identity
- Project
- Ying Mining District
- Commodity
- lead
- Region
- china
- Reported Region
- Henan Province, People's Republic of China
- Ticker
- SVM
Resource scope
- Estimate type
- resource
- Effective date
- 2025-12-31T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- HA Smith, GK Vartell, S Robinson, RC Stewart, JE Glanvill, A Wilkins, B Nielsen, M Kent, R Carlson, RJ Chesher, D Claffey
- Resource group id
- resource:50e34e11571a63ef4fac
- Deposit or zone
- All
- Mining method
- underground
Resource Data
- Category
- indicated
- Tonnes
- 21240000
- Grade
- 1.87
- Grade Unit
- %
- Contained Metal
- 396.11
- Contained Unit
- kt
- Cutoff Grade
- 75
- Cutoff Unit
- g/t AgEq
Prior Estimate
- Resource Date
- 2025-12-31
- Prior Tonnes
- 22200000
- Prior Grade
- 3.06
- Prior Contained Metal
- 679.02
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-06-12T00:00:00.000Z
Reasoning: Indicated resource for lead adds to the polymetallic nature of the project, but the significant decrease in grade and contained metal compared to the prior estimate is a concern.
Positive factors
- Contributes to polymetallic resource.
- NI 43-101 compliant and QP signed.
Negative factors
- Indicated grades for lead decreased by 27% compared to the prior estimate.
- Contained lead in the indicated category decreased compared to prior estimate.
Evidence · table
“1.87”
Context: 21.24
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
Tonnage Declinenegative
Resource tonnage decreased vs prior estimate — pit optimization removed marginal material or geological model revised down.
Why it applies: 21240000 against 22200000 previously
Grade Declinenegative
Average grade fell below the red-flag bound vs prior estimate — deposit economics worsening. May indicate high-grading in early drilling.
Why it applies: 1.87 against 3.06 previously
Contained Metal Declinenegative
Contained metal decreased vs prior despite tonnage growth — grade dilution exceeds volume gain.
Why it applies: 396.11 against 679.02 previously
indicatedYing Mining District · zincTonnes: 21240000Grade: 0.57Grade Unit: %Contained Metal: 121.77Contained Unit: ktView all detailsHide details
Identity
- Project
- Ying Mining District
- Commodity
- zinc
- Region
- china
- Reported Region
- Henan Province, People's Republic of China
- Ticker
- SVM
Resource scope
- Estimate type
- resource
- Effective date
- 2025-12-31T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- HA Smith, GK Vartell, S Robinson, RC Stewart, JE Glanvill, A Wilkins, B Nielsen, M Kent, R Carlson, RJ Chesher, D Claffey
- Resource group id
- resource:50e34e11571a63ef4fac
- Deposit or zone
- All
- Mining method
- underground
Resource Data
- Category
- indicated
- Tonnes
- 21240000
- Grade
- 0.57
- Grade Unit
- %
- Contained Metal
- 121.77
- Contained Unit
- kt
- Cutoff Grade
- 75
- Cutoff Unit
- g/t AgEq
Prior Estimate
- Resource Date
- 2025-12-31
- Prior Tonnes
- 22200000
- Prior Grade
- 0.86
- Prior Contained Metal
- 192.04
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-06-12T00:00:00.000Z
Reasoning: Indicated resource for zinc adds to the polymetallic nature of the project, but the significant decrease in grade and contained metal compared to the prior estimate is a concern.
Positive factors
- Contributes to polymetallic resource.
- NI 43-101 compliant and QP signed.
Negative factors
- Indicated grades for zinc decreased by 22% compared to the prior estimate.
- Contained zinc in the indicated category decreased compared to prior estimate.
Evidence · table
“0.57”
Context: 21.24
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
Tonnage Declinenegative
Resource tonnage decreased vs prior estimate — pit optimization removed marginal material or geological model revised down.
Why it applies: 21240000 against 22200000 previously
Grade Declinenegative
Average grade fell below the red-flag bound vs prior estimate — deposit economics worsening. May indicate high-grading in early drilling.
Why it applies: 0.57 against 0.86 previously
Contained Metal Declinenegative
Contained metal decreased vs prior despite tonnage growth — grade dilution exceeds volume gain.
Why it applies: 121.77 against 192.04 previously
indicatedYing Mining District · goldTonnes: 21240000Grade: 0.19Grade Unit: g/tContained Metal: 131.75Contained Unit: kozView all detailsHide details
Identity
- Project
- Ying Mining District
- Commodity
- gold
- Region
- china
- Reported Region
- Henan Province, People's Republic of China
- Ticker
- SVM
Resource scope
- Estimate type
- resource
- Effective date
- 2025-12-31T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- HA Smith, GK Vartell, S Robinson, RC Stewart, JE Glanvill, A Wilkins, B Nielsen, M Kent, R Carlson, RJ Chesher, D Claffey
- Resource group id
- resource:50e34e11571a63ef4fac
- Deposit or zone
- All
- Mining method
- underground
Resource Data
- Category
- indicated
- Tonnes
- 21240000
- Grade
- 0.19
- Grade Unit
- g/t
- Contained Metal
- 131.75
- Contained Unit
- koz
- Cutoff Grade
- 75
- Cutoff Unit
- g/t AgEq
Prior Estimate
- Resource Date
- 2025-12-31
- Prior Tonnes
- 22200000
- Prior Grade
- 0.2
- Prior Contained Metal
- 142.35
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-06-12T00:00:00.000Z
Reasoning: Indicated resource for gold is present but at a relatively low grade, and the decrease in grade and contained metal compared to the prior estimate is a negative.
Positive factors
- Contributes to polymetallic resource.
- NI 43-101 compliant and QP signed.
Negative factors
- Indicated grades for gold decreased by 15% compared to the prior estimate.
- Contained gold in the indicated category decreased compared to prior estimate.
Evidence · table
“0.19”
Context: 21.24
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
Tonnage Declinenegative
Resource tonnage decreased vs prior estimate — pit optimization removed marginal material or geological model revised down.
Why it applies: 21240000 against 22200000 previously
Grade Declinenegative
Average grade fell below the red-flag bound vs prior estimate — deposit economics worsening. May indicate high-grading in early drilling.
Why it applies: 0.19 against 0.2 previously
Contained Metal Declinenegative
Contained metal decreased vs prior despite tonnage growth — grade dilution exceeds volume gain.
Why it applies: 131.75 against 142.35 previously
indicatedYing Mining District · copperTonnes: 21240000Grade: 0.07Grade Unit: %Contained Metal: 14.68Contained Unit: ktView all detailsHide details
Identity
- Project
- Ying Mining District
- Commodity
- copper
- Region
- china
- Reported Region
- Henan Province, People's Republic of China
- Ticker
- SVM
Resource scope
- Estimate type
- resource
- Effective date
- 2025-12-31T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- HA Smith, GK Vartell, S Robinson, RC Stewart, JE Glanvill, A Wilkins, B Nielsen, M Kent, R Carlson, RJ Chesher, D Claffey
- Resource group id
- resource:50e34e11571a63ef4fac
- Deposit or zone
- All
- Mining method
- underground
Resource Data
- Category
- indicated
- Tonnes
- 21240000
- Grade
- 0.07
- Grade Unit
- %
- Contained Metal
- 14.68
- Contained Unit
- kt
- Cutoff Grade
- 75
- Cutoff Unit
- g/t AgEq
Prior Estimate
- Resource Date
- 2025-12-31
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-06-12T00:00:00.000Z
Reasoning: Indicated resource for copper is present but at a very low grade, making it a minor byproduct.
Positive factors
- Contributes to polymetallic resource.
- NI 43-101 compliant and QP signed.
Evidence · table
“0.07”
Context: 21.24
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
inferredYing Mining District · silverTonnes: 13550000Grade: 120Grade Unit: g/tContained Metal: 52.26Contained Unit: mozView all detailsHide details
Identity
- Project
- Ying Mining District
- Commodity
- silver
- Region
- china
- Reported Region
- Henan Province, People's Republic of China
- Ticker
- SVM
Resource scope
- Estimate type
- resource
- Effective date
- 2025-12-31T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- HA Smith, GK Vartell, S Robinson, RC Stewart, JE Glanvill, A Wilkins, B Nielsen, M Kent, R Carlson, RJ Chesher, D Claffey
- Resource group id
- resource:12d8c1729475f10ccbc2
- Deposit or zone
- All
- Mining method
- underground
Resource Data
- Category
- inferred
- Tonnes
- 13550000
- Grade
- 120
- Grade Unit
- g/t
- Contained Metal
- 52.26
- Contained Unit
- moz
- Cutoff Grade
- 75
- Cutoff Unit
- g/t AgEq
Prior Estimate
- Resource Date
- 2025-12-31
- Prior Tonnes
- 8800000
- Prior Grade
- 186.5
- Prior Contained Metal
- 52.79
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-06-12T00:00:00.000Z
Reasoning: Inferred resource for silver shows significant tonnage growth but a substantial decrease in grade and a slight decrease in contained metal, which is a negative for confidence.
Positive factors
- Significant increase in Inferred tonnes (+54%).
- NI 43-101 compliant and QP signed.
Negative factors
- Inferred grades for silver decreased by 42% compared to the prior estimate.
- Contained silver in the inferred category decreased by 1% compared to prior estimate.
Evidence · table
“120”
Context: 13.55
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
Tonnage Growthpositive
Tonnage increase reaching the strong tier vs prior estimate, with grade maintained or improved.
Why it applies: 13550000 against 8800000 previously
Grade Declinenegative
Average grade fell below the red-flag bound vs prior estimate — deposit economics worsening. May indicate high-grading in early drilling.
Why it applies: 120 against 186.5 previously
Contained Metal Declinenegative
Contained metal decreased vs prior despite tonnage growth — grade dilution exceeds volume gain.
Why it applies: 52.26 against 52.79 previously
Dilutive Growthnegative
Tonnage increased but contained metal flat or down — likely from lower cut-off grade, not geological expansion.
Why it applies: tonnage rose while contained metal went 52.26 from 52.79
inferredYing Mining District · leadTonnes: 13550000Grade: 1.84Grade Unit: %Contained Metal: 248.7Contained Unit: ktView all detailsHide details
Identity
- Project
- Ying Mining District
- Commodity
- lead
- Region
- china
- Reported Region
- Henan Province, People's Republic of China
- Ticker
- SVM
Resource scope
- Estimate type
- resource
- Effective date
- 2025-12-31T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- HA Smith, GK Vartell, S Robinson, RC Stewart, JE Glanvill, A Wilkins, B Nielsen, M Kent, R Carlson, RJ Chesher, D Claffey
- Resource group id
- resource:12d8c1729475f10ccbc2
- Deposit or zone
- All
- Mining method
- underground
Resource Data
- Category
- inferred
- Tonnes
- 13550000
- Grade
- 1.84
- Grade Unit
- %
- Contained Metal
- 248.7
- Contained Unit
- kt
- Cutoff Grade
- 75
- Cutoff Unit
- g/t AgEq
Prior Estimate
- Resource Date
- 2025-12-31
- Prior Tonnes
- 8800000
- Prior Grade
- 2.94
- Prior Contained Metal
- 259.06
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-06-12T00:00:00.000Z
Reasoning: Inferred resource for lead shows significant tonnage growth but a decrease in grade and contained metal, which is a negative for confidence.
Positive factors
- Significant increase in Inferred tonnes (+54%).
- NI 43-101 compliant and QP signed.
Negative factors
- Inferred grades for lead decreased by 9% compared to the prior estimate.
- Contained lead in the inferred category decreased by 4% compared to prior estimate.
Evidence · table
“1.84”
Context: 13.55
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
Tonnage Growthpositive
Tonnage increase reaching the strong tier vs prior estimate, with grade maintained or improved.
Why it applies: 13550000 against 8800000 previously
Grade Declinenegative
Average grade fell below the red-flag bound vs prior estimate — deposit economics worsening. May indicate high-grading in early drilling.
Why it applies: 1.84 against 2.94 previously
Contained Metal Declinenegative
Contained metal decreased vs prior despite tonnage growth — grade dilution exceeds volume gain.
Why it applies: 248.7 against 259.06 previously
Dilutive Growthnegative
Tonnage increased but contained metal flat or down — likely from lower cut-off grade, not geological expansion.
Why it applies: tonnage rose while contained metal went 248.7 from 259.06
inferredYing Mining District · zincTonnes: 13550000Grade: 0.58Grade Unit: %Contained Metal: 78.38Contained Unit: ktView all detailsHide details
Identity
- Project
- Ying Mining District
- Commodity
- zinc
- Region
- china
- Reported Region
- Henan Province, People's Republic of China
- Ticker
- SVM
Resource scope
- Estimate type
- resource
- Effective date
- 2025-12-31T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- HA Smith, GK Vartell, S Robinson, RC Stewart, JE Glanvill, A Wilkins, B Nielsen, M Kent, R Carlson, RJ Chesher, D Claffey
- Resource group id
- resource:12d8c1729475f10ccbc2
- Deposit or zone
- All
- Mining method
- underground
Resource Data
- Category
- inferred
- Tonnes
- 13550000
- Grade
- 0.58
- Grade Unit
- %
- Contained Metal
- 78.38
- Contained Unit
- kt
- Cutoff Grade
- 75
- Cutoff Unit
- g/t AgEq
Prior Estimate
- Resource Date
- 2025-12-31
- Prior Tonnes
- 8800000
- Prior Grade
- 0.636
- Prior Contained Metal
- 55.99
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-06-12T00:00:00.000Z
Reasoning: Inferred resource for zinc shows significant tonnage and contained metal growth, which is positive for future potential.
Positive factors
- Significant increase in Inferred tonnes (+54%).
- Contained zinc in the inferred category increased by 40% compared to prior estimate.
- NI 43-101 compliant and QP signed.
Evidence · table
“0.58”
Context: 13.55
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
Tonnage Growthpositive
Tonnage increase reaching the strong tier vs prior estimate, with grade maintained or improved.
Why it applies: 13550000 against 8800000 previously
Grade Declinenegative
Average grade fell below the red-flag bound vs prior estimate — deposit economics worsening. May indicate high-grading in early drilling.
Why it applies: 0.58 against 0.636 previously
Contained Metal Growthpositive
True scale improvement — contained metal ounces/tonnes increased vs prior, accounting for both tonnage and grade changes.
Why it applies: 78.38 against 55.99 previously
inferredYing Mining District · goldTonnes: 13550000Grade: 0.33Grade Unit: g/tContained Metal: 142.4Contained Unit: kozView all detailsHide details
Identity
- Project
- Ying Mining District
- Commodity
- gold
- Region
- china
- Reported Region
- Henan Province, People's Republic of China
- Ticker
- SVM
Resource scope
- Estimate type
- resource
- Effective date
- 2025-12-31T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- HA Smith, GK Vartell, S Robinson, RC Stewart, JE Glanvill, A Wilkins, B Nielsen, M Kent, R Carlson, RJ Chesher, D Claffey
- Resource group id
- resource:12d8c1729475f10ccbc2
- Deposit or zone
- All
- Mining method
- underground
Resource Data
- Category
- inferred
- Tonnes
- 13550000
- Grade
- 0.33
- Grade Unit
- g/t
- Contained Metal
- 142.4
- Contained Unit
- koz
- Cutoff Grade
- 75
- Cutoff Unit
- g/t AgEq
Prior Estimate
- Resource Date
- 2025-12-31
- Prior Tonnes
- 8800000
- Prior Grade
- 0.559
- Prior Contained Metal
- 158.22
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-06-12T00:00:00.000Z
Reasoning: Inferred resource for gold shows tonnage growth but a significant decrease in grade and contained metal, which is a negative for future potential.
Positive factors
- Significant increase in Inferred tonnes (+54%).
- NI 43-101 compliant and QP signed.
Negative factors
- Inferred grades for gold decreased by 38% compared to the prior estimate.
- Contained gold in the inferred category decreased by 10% compared to prior estimate.
Evidence · table
“0.33”
Context: 13.55
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
Tonnage Growthpositive
Tonnage increase reaching the strong tier vs prior estimate, with grade maintained or improved.
Why it applies: 13550000 against 8800000 previously
Grade Declinenegative
Average grade fell below the red-flag bound vs prior estimate — deposit economics worsening. May indicate high-grading in early drilling.
Why it applies: 0.33 against 0.559 previously
Contained Metal Declinenegative
Contained metal decreased vs prior despite tonnage growth — grade dilution exceeds volume gain.
Why it applies: 142.4 against 158.22 previously
Dilutive Growthnegative
Tonnage increased but contained metal flat or down — likely from lower cut-off grade, not geological expansion.
Why it applies: tonnage rose while contained metal went 142.4 from 158.22
inferredYing Mining District · copperTonnes: 13550000Grade: 0.08Grade Unit: %Contained Metal: 10.6Contained Unit: ktView all detailsHide details
Identity
- Project
- Ying Mining District
- Commodity
- copper
- Region
- china
- Reported Region
- Henan Province, People's Republic of China
- Ticker
- SVM
Resource scope
- Estimate type
- resource
- Effective date
- 2025-12-31T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- HA Smith, GK Vartell, S Robinson, RC Stewart, JE Glanvill, A Wilkins, B Nielsen, M Kent, R Carlson, RJ Chesher, D Claffey
- Resource group id
- resource:12d8c1729475f10ccbc2
- Deposit or zone
- All
- Mining method
- underground
Resource Data
- Category
- inferred
- Tonnes
- 13550000
- Grade
- 0.08
- Grade Unit
- %
- Contained Metal
- 10.6
- Contained Unit
- kt
- Cutoff Grade
- 75
- Cutoff Unit
- g/t AgEq
Prior Estimate
- Resource Date
- 2025-12-31
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-06-12T00:00:00.000Z
Reasoning: Inferred resource for copper is present but at a very low grade, making it a minor byproduct.
Positive factors
- Significant increase in Inferred tonnes (+54%).
- NI 43-101 compliant and QP signed.
Evidence · table
“0.08”
Context: 13.55
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
provenYing Mining District · silverTonnes: 10410000Grade: 179Grade Unit: g/tContained Metal: 59.9Contained Unit: mozView all detailsHide details
Identity
- Project
- Ying Mining District
- Commodity
- silver
- Region
- china
- Reported Region
- Henan Province, People's Republic of China
- Ticker
- SVM
Resource scope
- Estimate type
- reserve
- Effective date
- 2025-12-31T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- HA Smith, GK Vartell, S Robinson, RC Stewart, JE Glanvill, A Wilkins, B Nielsen, M Kent, R Carlson, RJ Chesher, D Claffey
- Resource group id
- resource:e173093826dd146e1435
- Deposit or zone
- Ying Mines
- Mining method
- underground
Resource Data
- Category
- proven
- Tonnes
- 10410000
- Grade
- 179
- Grade Unit
- g/t
- Contained Metal
- 59.9
- Contained Unit
- moz
- Cutoff Grade
- 180
- Cutoff Unit
- g/t AgEq
Prior Estimate
- Resource Date
- 2025-12-31
- Prior Tonnes
- 6940000
- Prior Grade
- 217.5
- Prior Contained Metal
- 88.75
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-06-12T00:00:00.000Z
Reasoning: Proven Reserves for silver show strong tonnage growth but a notable decrease in grade and contained metal, which is a mixed signal.
Positive factors
- Significant increase in Proven Reserve tonnes (+45%).
- NI 43-101 compliant and QP signed.
Negative factors
- Proven Reserve grades for silver decreased by 20% compared to the prior estimate.
- Contained silver in Proven Reserves decreased compared to prior estimate.
Evidence · table
“179”
Context: 10.41
Tags used in scoring
Proven Reservepositive
Measured Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "proven"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
Tonnage Growthpositive
Tonnage increase reaching the strong tier vs prior estimate, with grade maintained or improved.
Why it applies: 10410000 against 6940000 previously
Grade Declinenegative
Average grade fell below the red-flag bound vs prior estimate — deposit economics worsening. May indicate high-grading in early drilling.
Why it applies: 179 against 217.5 previously
Contained Metal Declinenegative
Contained metal decreased vs prior despite tonnage growth — grade dilution exceeds volume gain.
Why it applies: 59.9 against 88.75 previously
Dilutive Growthnegative
Tonnage increased but contained metal flat or down — likely from lower cut-off grade, not geological expansion.
Why it applies: tonnage rose while contained metal went 59.9 from 88.75
provenYing Mining District · leadTonnes: 10410000Grade: 2.71Grade Unit: %Contained Metal: 282Contained Unit: ktView all detailsHide details
Identity
- Project
- Ying Mining District
- Commodity
- lead
- Region
- china
- Reported Region
- Henan Province, People's Republic of China
- Ticker
- SVM
Resource scope
- Estimate type
- reserve
- Effective date
- 2025-12-31T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- HA Smith, GK Vartell, S Robinson, RC Stewart, JE Glanvill, A Wilkins, B Nielsen, M Kent, R Carlson, RJ Chesher, D Claffey
- Resource group id
- resource:e173093826dd146e1435
- Deposit or zone
- Ying Mines
- Mining method
- underground
Resource Data
- Category
- proven
- Tonnes
- 10410000
- Grade
- 2.71
- Grade Unit
- %
- Contained Metal
- 282
- Contained Unit
- kt
- Cutoff Grade
- 180
- Cutoff Unit
- g/t AgEq
Prior Estimate
- Resource Date
- 2025-12-31
- Prior Tonnes
- 6940000
- Prior Grade
- 3.208
- Prior Contained Metal
- 407
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-06-12T00:00:00.000Z
Reasoning: Proven Reserves for lead show strong tonnage growth but a notable decrease in grade and contained metal, which is a mixed signal.
Positive factors
- Significant increase in Proven Reserve tonnes (+45%).
- NI 43-101 compliant and QP signed.
Negative factors
- Proven Reserve grades for lead decreased by 23% compared to the prior estimate.
- Contained lead in Proven Reserves decreased compared to prior estimate.
Evidence · table
“2.71”
Context: 10.41
Tags used in scoring
Proven Reservepositive
Measured Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "proven"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
Tonnage Growthpositive
Tonnage increase reaching the strong tier vs prior estimate, with grade maintained or improved.
Why it applies: 10410000 against 6940000 previously
Grade Declinenegative
Average grade fell below the red-flag bound vs prior estimate — deposit economics worsening. May indicate high-grading in early drilling.
Why it applies: 2.71 against 3.208 previously
Contained Metal Declinenegative
Contained metal decreased vs prior despite tonnage growth — grade dilution exceeds volume gain.
Why it applies: 282 against 407 previously
Dilutive Growthnegative
Tonnage increased but contained metal flat or down — likely from lower cut-off grade, not geological expansion.
Why it applies: tonnage rose while contained metal went 282 from 407
provenYing Mining District · zincTonnes: 10410000Grade: 0.87Grade Unit: %Contained Metal: 90.4Contained Unit: ktView all detailsHide details
Identity
- Project
- Ying Mining District
- Commodity
- zinc
- Region
- china
- Reported Region
- Henan Province, People's Republic of China
- Ticker
- SVM
Resource scope
- Estimate type
- reserve
- Effective date
- 2025-12-31T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- HA Smith, GK Vartell, S Robinson, RC Stewart, JE Glanvill, A Wilkins, B Nielsen, M Kent, R Carlson, RJ Chesher, D Claffey
- Resource group id
- resource:e173093826dd146e1435
- Deposit or zone
- Ying Mines
- Mining method
- underground
Resource Data
- Category
- proven
- Tonnes
- 10410000
- Grade
- 0.87
- Grade Unit
- %
- Contained Metal
- 90.4
- Contained Unit
- kt
- Cutoff Grade
- 180
- Cutoff Unit
- g/t AgEq
Prior Estimate
- Resource Date
- 2025-12-31
- Prior Tonnes
- 6940000
- Prior Grade
- 0.964
- Prior Contained Metal
- 123.11
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-06-12T00:00:00.000Z
Reasoning: Proven Reserves for zinc show strong tonnage growth but a notable decrease in grade and contained metal, which is a mixed signal.
Positive factors
- Significant increase in Proven Reserve tonnes (+45%).
- NI 43-101 compliant and QP signed.
Negative factors
- Proven Reserve grades for zinc decreased by 17% compared to the prior estimate.
- Contained zinc in Proven Reserves decreased compared to prior estimate.
Evidence · table
“0.87”
Context: 10.41
Tags used in scoring
Proven Reservepositive
Measured Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "proven"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
Tonnage Growthpositive
Tonnage increase reaching the strong tier vs prior estimate, with grade maintained or improved.
Why it applies: 10410000 against 6940000 previously
Grade Declinenegative
Average grade fell below the red-flag bound vs prior estimate — deposit economics worsening. May indicate high-grading in early drilling.
Why it applies: 0.87 against 0.964 previously
Contained Metal Declinenegative
Contained metal decreased vs prior despite tonnage growth — grade dilution exceeds volume gain.
Why it applies: 90.4 against 123.11 previously
Dilutive Growthnegative
Tonnage increased but contained metal flat or down — likely from lower cut-off grade, not geological expansion.
Why it applies: tonnage rose while contained metal went 90.4 from 123.11
provenYing Mining District · goldTonnes: 10410000Grade: 0.15Grade Unit: g/tContained Metal: 50.8Contained Unit: kozView all detailsHide details
Identity
- Project
- Ying Mining District
- Commodity
- gold
- Region
- china
- Reported Region
- Henan Province, People's Republic of China
- Ticker
- SVM
Resource scope
- Estimate type
- reserve
- Effective date
- 2025-12-31T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- HA Smith, GK Vartell, S Robinson, RC Stewart, JE Glanvill, A Wilkins, B Nielsen, M Kent, R Carlson, RJ Chesher, D Claffey
- Resource group id
- resource:e173093826dd146e1435
- Deposit or zone
- Ying Mines
- Mining method
- underground
Resource Data
- Category
- proven
- Tonnes
- 10410000
- Grade
- 0.15
- Grade Unit
- g/t
- Contained Metal
- 50.8
- Contained Unit
- koz
- Cutoff Grade
- 180
- Cutoff Unit
- g/t AgEq
Prior Estimate
- Resource Date
- 2025-12-31
- Prior Tonnes
- 6940000
- Prior Grade
- 0.168
- Prior Contained Metal
- 70.46
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-06-12T00:00:00.000Z
Reasoning: Proven Reserves for gold show tonnage growth but a slight decrease in grade and contained metal, making it a minor contributor.
Positive factors
- Significant increase in Proven Reserve tonnes (+45%).
- NI 43-101 compliant and QP signed.
Negative factors
- Proven Reserve grades for gold decreased compared to the prior estimate.
- Contained gold in Proven Reserves decreased compared to prior estimate.
Evidence · table
“0.15”
Context: 10.41
Tags used in scoring
Proven Reservepositive
Measured Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "proven"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
Tonnage Growthpositive
Tonnage increase reaching the strong tier vs prior estimate, with grade maintained or improved.
Why it applies: 10410000 against 6940000 previously
Grade Declinenegative
Average grade fell below the red-flag bound vs prior estimate — deposit economics worsening. May indicate high-grading in early drilling.
Why it applies: 0.15 against 0.168 previously
Contained Metal Declinenegative
Contained metal decreased vs prior despite tonnage growth — grade dilution exceeds volume gain.
Why it applies: 50.8 against 70.46 previously
Dilutive Growthnegative
Tonnage increased but contained metal flat or down — likely from lower cut-off grade, not geological expansion.
Why it applies: tonnage rose while contained metal went 50.8 from 70.46
provenYing Mining District · copperTonnes: 10410000Grade: 0.04Grade Unit: %Contained Metal: 3.9Contained Unit: ktView all detailsHide details
Identity
- Project
- Ying Mining District
- Commodity
- copper
- Region
- china
- Reported Region
- Henan Province, People's Republic of China
- Ticker
- SVM
Resource scope
- Estimate type
- reserve
- Effective date
- 2025-12-31T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- HA Smith, GK Vartell, S Robinson, RC Stewart, JE Glanvill, A Wilkins, B Nielsen, M Kent, R Carlson, RJ Chesher, D Claffey
- Resource group id
- resource:e173093826dd146e1435
- Deposit or zone
- Ying Mines
- Mining method
- underground
Resource Data
- Category
- proven
- Tonnes
- 10410000
- Grade
- 0.04
- Grade Unit
- %
- Contained Metal
- 3.9
- Contained Unit
- kt
- Cutoff Grade
- 180
- Cutoff Unit
- g/t AgEq
Prior Estimate
- Resource Date
- 2025-12-31
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-06-12T00:00:00.000Z
Reasoning: Proven Reserves for copper are present but at a very low grade, making it a minor byproduct.
Positive factors
- Significant increase in Proven Reserve tonnes (+45%).
- NI 43-101 compliant and QP signed.
Evidence · table
“0.04”
Context: 10.41
Tags used in scoring
Proven Reservepositive
Measured Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "proven"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
probableYing Mining District · silverTonnes: 8660000Grade: 167Grade Unit: g/tContained Metal: 46.6Contained Unit: mozView all detailsHide details
Identity
- Project
- Ying Mining District
- Commodity
- silver
- Region
- china
- Reported Region
- Henan Province, People's Republic of China
- Ticker
- SVM
Resource scope
- Estimate type
- reserve
- Effective date
- 2025-12-31T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- HA Smith, GK Vartell, S Robinson, RC Stewart, JE Glanvill, A Wilkins, B Nielsen, M Kent, R Carlson, RJ Chesher, D Claffey
- Resource group id
- resource:41fd50afbc919ce5ed05
- Deposit or zone
- Ying Mines
- Mining method
- underground
Resource Data
- Category
- probable
- Tonnes
- 8660000
- Grade
- 167
- Grade Unit
- g/t
- Contained Metal
- 46.6
- Contained Unit
- moz
- Cutoff Grade
- 155
- Cutoff Unit
- g/t AgEq
Prior Estimate
- Resource Date
- 2025-12-31
- Prior Tonnes
- 5780000
- Prior Grade
- 217.5
- Prior Contained Metal
- 88.75
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-06-12T00:00:00.000Z
Reasoning: Probable Reserves for silver show strong tonnage growth but a notable decrease in grade and contained metal, which is a mixed signal.
Positive factors
- Significant increase in Probable Reserve tonnes (+55%).
- NI 43-101 compliant and QP signed.
Negative factors
- Probable Reserve grades for silver decreased by 20% compared to the prior estimate.
- Contained silver in Probable Reserves decreased compared to prior estimate.
Evidence · table
“167”
Context: 8.66
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
Tonnage Growthpositive
Tonnage increase reaching the strong tier vs prior estimate, with grade maintained or improved.
Why it applies: 8660000 against 5780000 previously
Grade Declinenegative
Average grade fell below the red-flag bound vs prior estimate — deposit economics worsening. May indicate high-grading in early drilling.
Why it applies: 167 against 217.5 previously
Contained Metal Declinenegative
Contained metal decreased vs prior despite tonnage growth — grade dilution exceeds volume gain.
Why it applies: 46.6 against 88.75 previously
Dilutive Growthnegative
Tonnage increased but contained metal flat or down — likely from lower cut-off grade, not geological expansion.
Why it applies: tonnage rose while contained metal went 46.6 from 88.75
probableYing Mining District · leadTonnes: 8660000Grade: 2.19Grade Unit: %Contained Metal: 190.1Contained Unit: ktView all detailsHide details
Identity
- Project
- Ying Mining District
- Commodity
- lead
- Region
- china
- Reported Region
- Henan Province, People's Republic of China
- Ticker
- SVM
Resource scope
- Estimate type
- reserve
- Effective date
- 2025-12-31T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- HA Smith, GK Vartell, S Robinson, RC Stewart, JE Glanvill, A Wilkins, B Nielsen, M Kent, R Carlson, RJ Chesher, D Claffey
- Resource group id
- resource:41fd50afbc919ce5ed05
- Deposit or zone
- Ying Mines
- Mining method
- underground
Resource Data
- Category
- probable
- Tonnes
- 8660000
- Grade
- 2.19
- Grade Unit
- %
- Contained Metal
- 190.1
- Contained Unit
- kt
- Cutoff Grade
- 155
- Cutoff Unit
- g/t AgEq
Prior Estimate
- Resource Date
- 2025-12-31
- Prior Tonnes
- 5780000
- Prior Grade
- 3.208
- Prior Contained Metal
- 407
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-06-12T00:00:00.000Z
Reasoning: Probable Reserves for lead show strong tonnage growth but a notable decrease in grade and contained metal, which is a mixed signal.
Positive factors
- Significant increase in Probable Reserve tonnes (+55%).
- NI 43-101 compliant and QP signed.
Negative factors
- Probable Reserve grades for lead decreased by 23% compared to the prior estimate.
- Contained lead in Probable Reserves decreased compared to prior estimate.
Evidence · table
“2.19”
Context: 8.66
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
Tonnage Growthpositive
Tonnage increase reaching the strong tier vs prior estimate, with grade maintained or improved.
Why it applies: 8660000 against 5780000 previously
Grade Declinenegative
Average grade fell below the red-flag bound vs prior estimate — deposit economics worsening. May indicate high-grading in early drilling.
Why it applies: 2.19 against 3.208 previously
Contained Metal Declinenegative
Contained metal decreased vs prior despite tonnage growth — grade dilution exceeds volume gain.
Why it applies: 190.1 against 407 previously
Dilutive Growthnegative
Tonnage increased but contained metal flat or down — likely from lower cut-off grade, not geological expansion.
Why it applies: tonnage rose while contained metal went 190.1 from 407
probableYing Mining District · zincTonnes: 8660000Grade: 0.71Grade Unit: %Contained Metal: 61.7Contained Unit: ktView all detailsHide details
Identity
- Project
- Ying Mining District
- Commodity
- zinc
- Region
- china
- Reported Region
- Henan Province, People's Republic of China
- Ticker
- SVM
Resource scope
- Estimate type
- reserve
- Effective date
- 2025-12-31T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- HA Smith, GK Vartell, S Robinson, RC Stewart, JE Glanvill, A Wilkins, B Nielsen, M Kent, R Carlson, RJ Chesher, D Claffey
- Resource group id
- resource:41fd50afbc919ce5ed05
- Deposit or zone
- Ying Mines
- Mining method
- underground
Resource Data
- Category
- probable
- Tonnes
- 8660000
- Grade
- 0.71
- Grade Unit
- %
- Contained Metal
- 61.7
- Contained Unit
- kt
- Cutoff Grade
- 155
- Cutoff Unit
- g/t AgEq
Prior Estimate
- Resource Date
- 2025-12-31
- Prior Tonnes
- 5780000
- Prior Grade
- 0.964
- Prior Contained Metal
- 123.11
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-06-12T00:00:00.000Z
Reasoning: Probable Reserves for zinc show strong tonnage growth but a notable decrease in grade and contained metal, which is a mixed signal.
Positive factors
- Significant increase in Probable Reserve tonnes (+55%).
- NI 43-101 compliant and QP signed.
Negative factors
- Probable Reserve grades for zinc decreased by 17% compared to the prior estimate.
- Contained zinc in Probable Reserves decreased compared to prior estimate.
Evidence · table
“0.71”
Context: 8.66
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
Tonnage Growthpositive
Tonnage increase reaching the strong tier vs prior estimate, with grade maintained or improved.
Why it applies: 8660000 against 5780000 previously
Grade Declinenegative
Average grade fell below the red-flag bound vs prior estimate — deposit economics worsening. May indicate high-grading in early drilling.
Why it applies: 0.71 against 0.964 previously
Contained Metal Declinenegative
Contained metal decreased vs prior despite tonnage growth — grade dilution exceeds volume gain.
Why it applies: 61.7 against 123.11 previously
Dilutive Growthnegative
Tonnage increased but contained metal flat or down — likely from lower cut-off grade, not geological expansion.
Why it applies: tonnage rose while contained metal went 61.7 from 123.11
probableYing Mining District · goldTonnes: 8660000Grade: 0.2Grade Unit: g/tContained Metal: 56.3Contained Unit: kozView all detailsHide details
Identity
- Project
- Ying Mining District
- Commodity
- gold
- Region
- china
- Reported Region
- Henan Province, People's Republic of China
- Ticker
- SVM
Resource scope
- Estimate type
- reserve
- Effective date
- 2025-12-31T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- HA Smith, GK Vartell, S Robinson, RC Stewart, JE Glanvill, A Wilkins, B Nielsen, M Kent, R Carlson, RJ Chesher, D Claffey
- Resource group id
- resource:41fd50afbc919ce5ed05
- Deposit or zone
- Ying Mines
- Mining method
- underground
Resource Data
- Category
- probable
- Tonnes
- 8660000
- Grade
- 0.2
- Grade Unit
- g/t
- Contained Metal
- 56.3
- Contained Unit
- koz
- Cutoff Grade
- 155
- Cutoff Unit
- g/t AgEq
Prior Estimate
- Resource Date
- 2025-12-31
- Prior Tonnes
- 5780000
- Prior Grade
- 0.168
- Prior Contained Metal
- 70.46
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-06-12T00:00:00.000Z
Reasoning: Probable Reserves for gold show tonnage growth and a slight grade increase, but contained metal decreased, making it a minor contributor.
Positive factors
- Significant increase in Probable Reserve tonnes (+55%).
- Probable Reserve grades for gold increased by 1% compared to the prior estimate.
- NI 43-101 compliant and QP signed.
Negative factors
- Contained gold in Probable Reserves decreased compared to prior estimate.
Evidence · table
“0.20”
Context: 8.66
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
Tonnage Growthpositive
Tonnage increase reaching the strong tier vs prior estimate, with grade maintained or improved.
Why it applies: 8660000 against 5780000 previously
Grade Improvementpositive
Average resource grade improved vs prior estimate — better deposit economics.
Why it applies: 0.2 against 0.168 previously
Contained Metal Declinenegative
Contained metal decreased vs prior despite tonnage growth — grade dilution exceeds volume gain.
Why it applies: 56.3 against 70.46 previously
Dilutive Growthnegative
Tonnage increased but contained metal flat or down — likely from lower cut-off grade, not geological expansion.
Why it applies: tonnage rose while contained metal went 56.3 from 70.46
probableYing Mining District · copperTonnes: 8660000Grade: 0.03Grade Unit: %Contained Metal: 2.7Contained Unit: ktView all detailsHide details
Identity
- Project
- Ying Mining District
- Commodity
- copper
- Region
- china
- Reported Region
- Henan Province, People's Republic of China
- Ticker
- SVM
Resource scope
- Estimate type
- reserve
- Effective date
- 2025-12-31T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- HA Smith, GK Vartell, S Robinson, RC Stewart, JE Glanvill, A Wilkins, B Nielsen, M Kent, R Carlson, RJ Chesher, D Claffey
- Resource group id
- resource:41fd50afbc919ce5ed05
- Deposit or zone
- Ying Mines
- Mining method
- underground
Resource Data
- Category
- probable
- Tonnes
- 8660000
- Grade
- 0.03
- Grade Unit
- %
- Contained Metal
- 2.7
- Contained Unit
- kt
- Cutoff Grade
- 155
- Cutoff Unit
- g/t AgEq
Prior Estimate
- Resource Date
- 2025-12-31
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-06-12T00:00:00.000Z
Reasoning: Probable Reserves for copper are present but at a very low grade, making it a minor byproduct.
Positive factors
- Significant increase in Probable Reserve tonnes (+55%).
- NI 43-101 compliant and QP signed.
Evidence · table
“0.03”
Context: 8.66
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
provenYing Mining District · goldTonnes: 4430000Grade: 0.05Grade Unit: g/tView all detailsHide details
Identity
- Project
- Ying Mining District
- Commodity
- gold
- Region
- china
- Reported Region
- Henan Province, People's Republic of China
- Ticker
- SVM
Resource scope
- Estimate type
- reserve
- Effective date
- 2025-12-31T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- HA Smith, GK Vartell, S Robinson, RC Stewart, JE Glanvill, A Wilkins, B Nielsen, M Kent, R Carlson, RJ Chesher, D Claffey
- Resource group id
- resource:c0f6f247f895f2c5b517
- Deposit or zone
- Ying Mines
- Mining method
- underground
Resource Data
- Category
- proven
- Tonnes
- 4430000
- Grade
- 0.05
- Grade Unit
- g/t
- Cutoff Grade
- 180
- Cutoff Unit
- g/t AgEq
Prior Estimate
- Resource Date
- 2025-12-31
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-06-12T00:00:00.000Z
Reasoning: Proven Reserves for silver show strong tonnage growth but a notable decrease in grade and contained metal, which is a mixed signal. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Significant increase in Proven Reserve tonnes (+45%).
- NI 43-101 compliant and QP signed.
Negative factors
- Proven Reserve grades for silver decreased by 20% compared to the prior estimate.
- Contained silver in Proven Reserves decreased compared to prior estimate.
Evidence · table
“0.05”
Context: 4.43
Tags used in scoring
Proven Reservepositive
Measured Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "proven"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
provenYing Mining District · silverTonnes: 4430000Grade: 201Grade Unit: g/tView all detailsHide details
Identity
- Project
- Ying Mining District
- Commodity
- silver
- Region
- china
- Reported Region
- Henan Province, People's Republic of China
- Ticker
- SVM
Resource scope
- Estimate type
- reserve
- Effective date
- 2025-12-31T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- HA Smith, GK Vartell, S Robinson, RC Stewart, JE Glanvill, A Wilkins, B Nielsen, M Kent, R Carlson, RJ Chesher, D Claffey
- Resource group id
- resource:c0f6f247f895f2c5b517
- Deposit or zone
- Ying Mines
- Mining method
- underground
Resource Data
- Category
- proven
- Tonnes
- 4430000
- Grade
- 201
- Grade Unit
- g/t
- Cutoff Grade
- 180
- Cutoff Unit
- g/t AgEq
Prior Estimate
- Resource Date
- 2025-12-31
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-06-12T00:00:00.000Z
Reasoning: Proven Reserves for silver show strong tonnage growth but a notable decrease in grade and contained metal, which is a mixed signal. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Significant increase in Proven Reserve tonnes (+45%).
- NI 43-101 compliant and QP signed.
Negative factors
- Proven Reserve grades for silver decreased by 20% compared to the prior estimate.
- Contained silver in Proven Reserves decreased compared to prior estimate.
Evidence · table
“201”
Context: 4.43
Tags used in scoring
Proven Reservepositive
Measured Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "proven"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
provenYing Mining District · leadTonnes: 4430000Grade: 3.97Grade Unit: %View all detailsHide details
Identity
- Project
- Ying Mining District
- Commodity
- lead
- Region
- china
- Reported Region
- Henan Province, People's Republic of China
- Ticker
- SVM
Resource scope
- Estimate type
- reserve
- Effective date
- 2025-12-31T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- HA Smith, GK Vartell, S Robinson, RC Stewart, JE Glanvill, A Wilkins, B Nielsen, M Kent, R Carlson, RJ Chesher, D Claffey
- Resource group id
- resource:c0f6f247f895f2c5b517
- Deposit or zone
- Ying Mines
- Mining method
- underground
Resource Data
- Category
- proven
- Tonnes
- 4430000
- Grade
- 3.97
- Grade Unit
- %
- Cutoff Grade
- 180
- Cutoff Unit
- g/t AgEq
Prior Estimate
- Resource Date
- 2025-12-31
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-06-12T00:00:00.000Z
Reasoning: Proven Reserves for silver show strong tonnage growth but a notable decrease in grade and contained metal, which is a mixed signal. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Significant increase in Proven Reserve tonnes (+45%).
- NI 43-101 compliant and QP signed.
Negative factors
- Proven Reserve grades for silver decreased by 20% compared to the prior estimate.
- Contained silver in Proven Reserves decreased compared to prior estimate.
Evidence · table
“3.97”
Context: 4.43
Tags used in scoring
Proven Reservepositive
Measured Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "proven"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
provenYing Mining District · zincTonnes: 4430000Grade: 1.89Grade Unit: %View all detailsHide details
Identity
- Project
- Ying Mining District
- Commodity
- zinc
- Region
- china
- Reported Region
- Henan Province, People's Republic of China
- Ticker
- SVM
Resource scope
- Estimate type
- reserve
- Effective date
- 2025-12-31T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- HA Smith, GK Vartell, S Robinson, RC Stewart, JE Glanvill, A Wilkins, B Nielsen, M Kent, R Carlson, RJ Chesher, D Claffey
- Resource group id
- resource:c0f6f247f895f2c5b517
- Deposit or zone
- Ying Mines
- Mining method
- underground
Resource Data
- Category
- proven
- Tonnes
- 4430000
- Grade
- 1.89
- Grade Unit
- %
- Cutoff Grade
- 180
- Cutoff Unit
- g/t AgEq
Prior Estimate
- Resource Date
- 2025-12-31
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-06-12T00:00:00.000Z
Reasoning: Proven Reserves for silver show strong tonnage growth but a notable decrease in grade and contained metal, which is a mixed signal. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Significant increase in Proven Reserve tonnes (+45%).
- NI 43-101 compliant and QP signed.
Negative factors
- Proven Reserve grades for silver decreased by 20% compared to the prior estimate.
- Contained silver in Proven Reserves decreased compared to prior estimate.
Evidence · table
“1.89”
Context: 4.43
Tags used in scoring
Proven Reservepositive
Measured Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "proven"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
probableYing Mining District · goldTonnes: 2810000Grade: 0.03Grade Unit: g/tView all detailsHide details
Identity
- Project
- Ying Mining District
- Commodity
- gold
- Region
- china
- Reported Region
- Henan Province, People's Republic of China
- Ticker
- SVM
Resource scope
- Estimate type
- reserve
- Effective date
- 2025-12-31T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- HA Smith, GK Vartell, S Robinson, RC Stewart, JE Glanvill, A Wilkins, B Nielsen, M Kent, R Carlson, RJ Chesher, D Claffey
- Resource group id
- resource:86c1a83c0cf11af3dfc8
- Deposit or zone
- Ying Mines
- Mining method
- underground
Resource Data
- Category
- probable
- Tonnes
- 2810000
- Grade
- 0.03
- Grade Unit
- g/t
- Cutoff Grade
- 155
- Cutoff Unit
- g/t AgEq
Prior Estimate
- Resource Date
- 2025-12-31
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-06-12T00:00:00.000Z
Reasoning: Probable Reserves for silver show strong tonnage growth but a notable decrease in grade and contained metal, which is a mixed signal. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Significant increase in Probable Reserve tonnes (+55%).
- NI 43-101 compliant and QP signed.
Negative factors
- Probable Reserve grades for silver decreased by 20% compared to the prior estimate.
- Contained silver in Probable Reserves decreased compared to prior estimate.
Evidence · table
“0.03”
Context: 2.81
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
probableYing Mining District · silverTonnes: 2810000Grade: 198Grade Unit: g/tView all detailsHide details
Identity
- Project
- Ying Mining District
- Commodity
- silver
- Region
- china
- Reported Region
- Henan Province, People's Republic of China
- Ticker
- SVM
Resource scope
- Estimate type
- reserve
- Effective date
- 2025-12-31T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- HA Smith, GK Vartell, S Robinson, RC Stewart, JE Glanvill, A Wilkins, B Nielsen, M Kent, R Carlson, RJ Chesher, D Claffey
- Resource group id
- resource:86c1a83c0cf11af3dfc8
- Deposit or zone
- Ying Mines
- Mining method
- underground
Resource Data
- Category
- probable
- Tonnes
- 2810000
- Grade
- 198
- Grade Unit
- g/t
- Cutoff Grade
- 155
- Cutoff Unit
- g/t AgEq
Prior Estimate
- Resource Date
- 2025-12-31
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-06-12T00:00:00.000Z
Reasoning: Probable Reserves for silver show strong tonnage growth but a notable decrease in grade and contained metal, which is a mixed signal. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Significant increase in Probable Reserve tonnes (+55%).
- NI 43-101 compliant and QP signed.
Negative factors
- Probable Reserve grades for silver decreased by 20% compared to the prior estimate.
- Contained silver in Probable Reserves decreased compared to prior estimate.
Evidence · table
“198”
Context: 2.81
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
probableYing Mining District · leadTonnes: 2810000Grade: 3.7Grade Unit: %View all detailsHide details
Identity
- Project
- Ying Mining District
- Commodity
- lead
- Region
- china
- Reported Region
- Henan Province, People's Republic of China
- Ticker
- SVM
Resource scope
- Estimate type
- reserve
- Effective date
- 2025-12-31T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- HA Smith, GK Vartell, S Robinson, RC Stewart, JE Glanvill, A Wilkins, B Nielsen, M Kent, R Carlson, RJ Chesher, D Claffey
- Resource group id
- resource:86c1a83c0cf11af3dfc8
- Deposit or zone
- Ying Mines
- Mining method
- underground
Resource Data
- Category
- probable
- Tonnes
- 2810000
- Grade
- 3.7
- Grade Unit
- %
- Cutoff Grade
- 155
- Cutoff Unit
- g/t AgEq
Prior Estimate
- Resource Date
- 2025-12-31
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-06-12T00:00:00.000Z
Reasoning: Probable Reserves for silver show strong tonnage growth but a notable decrease in grade and contained metal, which is a mixed signal. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Significant increase in Probable Reserve tonnes (+55%).
- NI 43-101 compliant and QP signed.
Negative factors
- Probable Reserve grades for silver decreased by 20% compared to the prior estimate.
- Contained silver in Probable Reserves decreased compared to prior estimate.
Evidence · table
“3.70”
Context: 2.81
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
probableYing Mining District · zincTonnes: 2810000Grade: 1.7Grade Unit: %View all detailsHide details
Identity
- Project
- Ying Mining District
- Commodity
- zinc
- Region
- china
- Reported Region
- Henan Province, People's Republic of China
- Ticker
- SVM
Resource scope
- Estimate type
- reserve
- Effective date
- 2025-12-31T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- HA Smith, GK Vartell, S Robinson, RC Stewart, JE Glanvill, A Wilkins, B Nielsen, M Kent, R Carlson, RJ Chesher, D Claffey
- Resource group id
- resource:86c1a83c0cf11af3dfc8
- Deposit or zone
- Ying Mines
- Mining method
- underground
Resource Data
- Category
- probable
- Tonnes
- 2810000
- Grade
- 1.7
- Grade Unit
- %
- Cutoff Grade
- 155
- Cutoff Unit
- g/t AgEq
Prior Estimate
- Resource Date
- 2025-12-31
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-06-12T00:00:00.000Z
Reasoning: Probable Reserves for silver show strong tonnage growth but a notable decrease in grade and contained metal, which is a mixed signal. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Significant increase in Probable Reserve tonnes (+55%).
- NI 43-101 compliant and QP signed.
Negative factors
- Probable Reserve grades for silver decreased by 20% compared to the prior estimate.
- Contained silver in Probable Reserves decreased compared to prior estimate.
Evidence · table
“1.70”
Context: 2.81
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
probableYing Mining District · goldTonnes: 7240000Grade: 0.04Grade Unit: g/tView all detailsHide details
Identity
- Project
- Ying Mining District
- Commodity
- gold
- Region
- china
- Reported Region
- Henan Province, People's Republic of China
- Ticker
- SVM
Resource scope
- Estimate type
- reserve
- Effective date
- 2025-12-31T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- HA Smith, GK Vartell, S Robinson, RC Stewart, JE Glanvill, A Wilkins, B Nielsen, M Kent, R Carlson, RJ Chesher, D Claffey
- Resource group id
- resource:a721601a7ca8bdc05830
- Deposit or zone
- Ying Mines
- Mining method
- underground
Resource Data
- Category
- probable
- Tonnes
- 7240000
- Grade
- 0.04
- Grade Unit
- g/t
- Cutoff Grade
- 155
- Cutoff Unit
- g/t AgEq
Prior Estimate
- Resource Date
- 2025-12-31
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-06-12T00:00:00.000Z
Reasoning: Probable Reserves for silver show strong tonnage growth but a notable decrease in grade and contained metal, which is a mixed signal. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Significant increase in Probable Reserve tonnes (+55%).
- NI 43-101 compliant and QP signed.
Negative factors
- Probable Reserve grades for silver decreased by 20% compared to the prior estimate.
- Contained silver in Probable Reserves decreased compared to prior estimate.
Evidence · table
“0.04”
Context: 7.24
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
probableYing Mining District · silverTonnes: 7240000Grade: 200Grade Unit: g/tView all detailsHide details
Identity
- Project
- Ying Mining District
- Commodity
- silver
- Region
- china
- Reported Region
- Henan Province, People's Republic of China
- Ticker
- SVM
Resource scope
- Estimate type
- reserve
- Effective date
- 2025-12-31T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- HA Smith, GK Vartell, S Robinson, RC Stewart, JE Glanvill, A Wilkins, B Nielsen, M Kent, R Carlson, RJ Chesher, D Claffey
- Resource group id
- resource:a721601a7ca8bdc05830
- Deposit or zone
- Ying Mines
- Mining method
- underground
Resource Data
- Category
- probable
- Tonnes
- 7240000
- Grade
- 200
- Grade Unit
- g/t
- Cutoff Grade
- 155
- Cutoff Unit
- g/t AgEq
Prior Estimate
- Resource Date
- 2025-12-31
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-06-12T00:00:00.000Z
Reasoning: Probable Reserves for silver show strong tonnage growth but a notable decrease in grade and contained metal, which is a mixed signal. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Significant increase in Probable Reserve tonnes (+55%).
- NI 43-101 compliant and QP signed.
Negative factors
- Probable Reserve grades for silver decreased by 20% compared to the prior estimate.
- Contained silver in Probable Reserves decreased compared to prior estimate.
Evidence · table
“200”
Context: 7.24
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
probableYing Mining District · leadTonnes: 7240000Grade: 3.87Grade Unit: %View all detailsHide details
Identity
- Project
- Ying Mining District
- Commodity
- lead
- Region
- china
- Reported Region
- Henan Province, People's Republic of China
- Ticker
- SVM
Resource scope
- Estimate type
- reserve
- Effective date
- 2025-12-31T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- HA Smith, GK Vartell, S Robinson, RC Stewart, JE Glanvill, A Wilkins, B Nielsen, M Kent, R Carlson, RJ Chesher, D Claffey
- Resource group id
- resource:a721601a7ca8bdc05830
- Deposit or zone
- Ying Mines
- Mining method
- underground
Resource Data
- Category
- probable
- Tonnes
- 7240000
- Grade
- 3.87
- Grade Unit
- %
- Cutoff Grade
- 155
- Cutoff Unit
- g/t AgEq
Prior Estimate
- Resource Date
- 2025-12-31
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-06-12T00:00:00.000Z
Reasoning: Probable Reserves for silver show strong tonnage growth but a notable decrease in grade and contained metal, which is a mixed signal. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Significant increase in Probable Reserve tonnes (+55%).
- NI 43-101 compliant and QP signed.
Negative factors
- Probable Reserve grades for silver decreased by 20% compared to the prior estimate.
- Contained silver in Probable Reserves decreased compared to prior estimate.
Evidence · table
“3.87”
Context: 7.24
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
probableYing Mining District · zincTonnes: 7240000Grade: 1.81Grade Unit: %View all detailsHide details
Identity
- Project
- Ying Mining District
- Commodity
- zinc
- Region
- china
- Reported Region
- Henan Province, People's Republic of China
- Ticker
- SVM
Resource scope
- Estimate type
- reserve
- Effective date
- 2025-12-31T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- HA Smith, GK Vartell, S Robinson, RC Stewart, JE Glanvill, A Wilkins, B Nielsen, M Kent, R Carlson, RJ Chesher, D Claffey
- Resource group id
- resource:a721601a7ca8bdc05830
- Deposit or zone
- Ying Mines
- Mining method
- underground
Resource Data
- Category
- probable
- Tonnes
- 7240000
- Grade
- 1.81
- Grade Unit
- %
- Cutoff Grade
- 155
- Cutoff Unit
- g/t AgEq
Prior Estimate
- Resource Date
- 2025-12-31
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-06-12T00:00:00.000Z
Reasoning: Probable Reserves for silver show strong tonnage growth but a notable decrease in grade and contained metal, which is a mixed signal. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Significant increase in Probable Reserve tonnes (+55%).
- NI 43-101 compliant and QP signed.
Negative factors
- Probable Reserve grades for silver decreased by 20% compared to the prior estimate.
- Contained silver in Probable Reserves decreased compared to prior estimate.
Evidence · table
“1.81”
Context: 7.24
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
provenYing Mining District · silverTonnes: 530000Grade: 212Grade Unit: g/tView all detailsHide details
Identity
- Project
- Ying Mining District
- Commodity
- silver
- Region
- china
- Reported Region
- Henan Province, People's Republic of China
- Ticker
- SVM
Resource scope
- Estimate type
- reserve
- Effective date
- 2025-12-31T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- HA Smith, GK Vartell, S Robinson, RC Stewart, JE Glanvill, A Wilkins, B Nielsen, M Kent, R Carlson, RJ Chesher, D Claffey
- Resource group id
- resource:addb06ed7c616b995108
- Deposit or zone
- Ying Mines
- Mining method
- underground
Resource Data
- Category
- proven
- Tonnes
- 530000
- Grade
- 212
- Grade Unit
- g/t
- Cutoff Grade
- 180
- Cutoff Unit
- g/t AgEq
Prior Estimate
- Resource Date
- 2025-12-31
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-06-12T00:00:00.000Z
Reasoning: Proven Reserves for silver show strong tonnage growth but a notable decrease in grade and contained metal, which is a mixed signal. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Significant increase in Proven Reserve tonnes (+45%).
- NI 43-101 compliant and QP signed.
Negative factors
- Proven Reserve grades for silver decreased by 20% compared to the prior estimate.
- Contained silver in Proven Reserves decreased compared to prior estimate.
Evidence · table
“212”
Context: 0.53
Tags used in scoring
Proven Reservepositive
Measured Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "proven"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
provenYing Mining District · leadTonnes: 530000Grade: 0.75Grade Unit: %View all detailsHide details
Identity
- Project
- Ying Mining District
- Commodity
- lead
- Region
- china
- Reported Region
- Henan Province, People's Republic of China
- Ticker
- SVM
Resource scope
- Estimate type
- reserve
- Effective date
- 2025-12-31T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- HA Smith, GK Vartell, S Robinson, RC Stewart, JE Glanvill, A Wilkins, B Nielsen, M Kent, R Carlson, RJ Chesher, D Claffey
- Resource group id
- resource:addb06ed7c616b995108
- Deposit or zone
- Ying Mines
- Mining method
- underground
Resource Data
- Category
- proven
- Tonnes
- 530000
- Grade
- 0.75
- Grade Unit
- %
- Cutoff Grade
- 180
- Cutoff Unit
- g/t AgEq
Prior Estimate
- Resource Date
- 2025-12-31
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-06-12T00:00:00.000Z
Reasoning: Proven Reserves for silver show strong tonnage growth but a notable decrease in grade and contained metal, which is a mixed signal. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Significant increase in Proven Reserve tonnes (+45%).
- NI 43-101 compliant and QP signed.
Negative factors
- Proven Reserve grades for silver decreased by 20% compared to the prior estimate.
- Contained silver in Proven Reserves decreased compared to prior estimate.
Evidence · table
“0.75”
Context: 0.53
Tags used in scoring
Proven Reservepositive
Measured Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "proven"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
provenYing Mining District · copperTonnes: 530000Grade: 0.29Grade Unit: %View all detailsHide details
Identity
- Project
- Ying Mining District
- Commodity
- copper
- Region
- china
- Reported Region
- Henan Province, People's Republic of China
- Ticker
- SVM
Resource scope
- Estimate type
- reserve
- Effective date
- 2025-12-31T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- HA Smith, GK Vartell, S Robinson, RC Stewart, JE Glanvill, A Wilkins, B Nielsen, M Kent, R Carlson, RJ Chesher, D Claffey
- Resource group id
- resource:addb06ed7c616b995108
- Deposit or zone
- Ying Mines
- Mining method
- underground
Resource Data
- Category
- proven
- Tonnes
- 530000
- Grade
- 0.29
- Grade Unit
- %
- Cutoff Grade
- 180
- Cutoff Unit
- g/t AgEq
Prior Estimate
- Resource Date
- 2025-12-31
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-06-12T00:00:00.000Z
Reasoning: Proven Reserves for silver show strong tonnage growth but a notable decrease in grade and contained metal, which is a mixed signal. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Significant increase in Proven Reserve tonnes (+45%).
- NI 43-101 compliant and QP signed.
Negative factors
- Proven Reserve grades for silver decreased by 20% compared to the prior estimate.
- Contained silver in Proven Reserves decreased compared to prior estimate.
Evidence · table
“0.29”
Context: 0.53
Tags used in scoring
Proven Reservepositive
Measured Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "proven"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
probableYing Mining District · silverTonnes: 560000Grade: 185Grade Unit: g/tView all detailsHide details
Identity
- Project
- Ying Mining District
- Commodity
- silver
- Region
- china
- Reported Region
- Henan Province, People's Republic of China
- Ticker
- SVM
Resource scope
- Estimate type
- reserve
- Effective date
- 2025-12-31T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- HA Smith, GK Vartell, S Robinson, RC Stewart, JE Glanvill, A Wilkins, B Nielsen, M Kent, R Carlson, RJ Chesher, D Claffey
- Resource group id
- resource:407c757e05a2562f61c5
- Deposit or zone
- Ying Mines
- Mining method
- underground
Resource Data
- Category
- probable
- Tonnes
- 560000
- Grade
- 185
- Grade Unit
- g/t
- Cutoff Grade
- 155
- Cutoff Unit
- g/t AgEq
Prior Estimate
- Resource Date
- 2025-12-31
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-06-12T00:00:00.000Z
Reasoning: Probable Reserves for silver show strong tonnage growth but a notable decrease in grade and contained metal, which is a mixed signal. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Significant increase in Probable Reserve tonnes (+55%).
- NI 43-101 compliant and QP signed.
Negative factors
- Probable Reserve grades for silver decreased by 20% compared to the prior estimate.
- Contained silver in Probable Reserves decreased compared to prior estimate.
Evidence · table
“185”
Context: 0.56
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
probableYing Mining District · leadTonnes: 560000Grade: 0.64Grade Unit: %View all detailsHide details
Identity
- Project
- Ying Mining District
- Commodity
- lead
- Region
- china
- Reported Region
- Henan Province, People's Republic of China
- Ticker
- SVM
Resource scope
- Estimate type
- reserve
- Effective date
- 2025-12-31T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- HA Smith, GK Vartell, S Robinson, RC Stewart, JE Glanvill, A Wilkins, B Nielsen, M Kent, R Carlson, RJ Chesher, D Claffey
- Resource group id
- resource:407c757e05a2562f61c5
- Deposit or zone
- Ying Mines
- Mining method
- underground
Resource Data
- Category
- probable
- Tonnes
- 560000
- Grade
- 0.64
- Grade Unit
- %
- Cutoff Grade
- 155
- Cutoff Unit
- g/t AgEq
Prior Estimate
- Resource Date
- 2025-12-31
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-06-12T00:00:00.000Z
Reasoning: Probable Reserves for silver show strong tonnage growth but a notable decrease in grade and contained metal, which is a mixed signal. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Significant increase in Probable Reserve tonnes (+55%).
- NI 43-101 compliant and QP signed.
Negative factors
- Probable Reserve grades for silver decreased by 20% compared to the prior estimate.
- Contained silver in Probable Reserves decreased compared to prior estimate.
Evidence · table
“0.64”
Context: 0.56
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
probableYing Mining District · copperTonnes: 560000Grade: 0.26Grade Unit: %View all detailsHide details
Identity
- Project
- Ying Mining District
- Commodity
- copper
- Region
- china
- Reported Region
- Henan Province, People's Republic of China
- Ticker
- SVM
Resource scope
- Estimate type
- reserve
- Effective date
- 2025-12-31T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- HA Smith, GK Vartell, S Robinson, RC Stewart, JE Glanvill, A Wilkins, B Nielsen, M Kent, R Carlson, RJ Chesher, D Claffey
- Resource group id
- resource:407c757e05a2562f61c5
- Deposit or zone
- Ying Mines
- Mining method
- underground
Resource Data
- Category
- probable
- Tonnes
- 560000
- Grade
- 0.26
- Grade Unit
- %
- Cutoff Grade
- 155
- Cutoff Unit
- g/t AgEq
Prior Estimate
- Resource Date
- 2025-12-31
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-06-12T00:00:00.000Z
Reasoning: Probable Reserves for silver show strong tonnage growth but a notable decrease in grade and contained metal, which is a mixed signal. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Significant increase in Probable Reserve tonnes (+55%).
- NI 43-101 compliant and QP signed.
Negative factors
- Probable Reserve grades for silver decreased by 20% compared to the prior estimate.
- Contained silver in Probable Reserves decreased compared to prior estimate.
Evidence · table
“0.26”
Context: 0.56
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
probableYing Mining District · silverTonnes: 1090000Grade: 198Grade Unit: g/tView all detailsHide details
Identity
- Project
- Ying Mining District
- Commodity
- silver
- Region
- china
- Reported Region
- Henan Province, People's Republic of China
- Ticker
- SVM
Resource scope
- Estimate type
- reserve
- Effective date
- 2025-12-31T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- HA Smith, GK Vartell, S Robinson, RC Stewart, JE Glanvill, A Wilkins, B Nielsen, M Kent, R Carlson, RJ Chesher, D Claffey
- Resource group id
- resource:363b27dfe020cea3d229
- Deposit or zone
- Ying Mines
- Mining method
- underground
Resource Data
- Category
- probable
- Tonnes
- 1090000
- Grade
- 198
- Grade Unit
- g/t
- Cutoff Grade
- 155
- Cutoff Unit
- g/t AgEq
Prior Estimate
- Resource Date
- 2025-12-31
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-06-12T00:00:00.000Z
Reasoning: Probable Reserves for silver show strong tonnage growth but a notable decrease in grade and contained metal, which is a mixed signal. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Significant increase in Probable Reserve tonnes (+55%).
- NI 43-101 compliant and QP signed.
Negative factors
- Probable Reserve grades for silver decreased by 20% compared to the prior estimate.
- Contained silver in Probable Reserves decreased compared to prior estimate.
Evidence · table
“198”
Context: 1.09
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
probableYing Mining District · leadTonnes: 1090000Grade: 0.69Grade Unit: %View all detailsHide details
Identity
- Project
- Ying Mining District
- Commodity
- lead
- Region
- china
- Reported Region
- Henan Province, People's Republic of China
- Ticker
- SVM
Resource scope
- Estimate type
- reserve
- Effective date
- 2025-12-31T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- HA Smith, GK Vartell, S Robinson, RC Stewart, JE Glanvill, A Wilkins, B Nielsen, M Kent, R Carlson, RJ Chesher, D Claffey
- Resource group id
- resource:363b27dfe020cea3d229
- Deposit or zone
- Ying Mines
- Mining method
- underground
Resource Data
- Category
- probable
- Tonnes
- 1090000
- Grade
- 0.69
- Grade Unit
- %
- Cutoff Grade
- 155
- Cutoff Unit
- g/t AgEq
Prior Estimate
- Resource Date
- 2025-12-31
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-06-12T00:00:00.000Z
Reasoning: Probable Reserves for silver show strong tonnage growth but a notable decrease in grade and contained metal, which is a mixed signal. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Significant increase in Probable Reserve tonnes (+55%).
- NI 43-101 compliant and QP signed.
Negative factors
- Probable Reserve grades for silver decreased by 20% compared to the prior estimate.
- Contained silver in Probable Reserves decreased compared to prior estimate.
Evidence · table
“0.69”
Context: 1.09
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
probableYing Mining District · copperTonnes: 1090000Grade: 0.28Grade Unit: %View all detailsHide details
Identity
- Project
- Ying Mining District
- Commodity
- copper
- Region
- china
- Reported Region
- Henan Province, People's Republic of China
- Ticker
- SVM
Resource scope
- Estimate type
- reserve
- Effective date
- 2025-12-31T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- HA Smith, GK Vartell, S Robinson, RC Stewart, JE Glanvill, A Wilkins, B Nielsen, M Kent, R Carlson, RJ Chesher, D Claffey
- Resource group id
- resource:363b27dfe020cea3d229
- Deposit or zone
- Ying Mines
- Mining method
- underground
Resource Data
- Category
- probable
- Tonnes
- 1090000
- Grade
- 0.28
- Grade Unit
- %
- Cutoff Grade
- 155
- Cutoff Unit
- g/t AgEq
Prior Estimate
- Resource Date
- 2025-12-31
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-06-12T00:00:00.000Z
Reasoning: Probable Reserves for silver show strong tonnage growth but a notable decrease in grade and contained metal, which is a mixed signal. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Significant increase in Probable Reserve tonnes (+55%).
- NI 43-101 compliant and QP signed.
Negative factors
- Probable Reserve grades for silver decreased by 20% compared to the prior estimate.
- Contained silver in Probable Reserves decreased compared to prior estimate.
Evidence · table
“0.28”
Context: 1.09
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
provenYing Mining District · goldTonnes: 680000Grade: 1.01Grade Unit: g/tView all detailsHide details
Identity
- Project
- Ying Mining District
- Commodity
- gold
- Region
- china
- Reported Region
- Henan Province, People's Republic of China
- Ticker
- SVM
Resource scope
- Estimate type
- reserve
- Effective date
- 2025-12-31T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- HA Smith, GK Vartell, S Robinson, RC Stewart, JE Glanvill, A Wilkins, B Nielsen, M Kent, R Carlson, RJ Chesher, D Claffey
- Resource group id
- resource:63e1f12a540b19c31ca0
- Deposit or zone
- Ying Mines
- Mining method
- underground
Resource Data
- Category
- proven
- Tonnes
- 680000
- Grade
- 1.01
- Grade Unit
- g/t
- Cutoff Grade
- 180
- Cutoff Unit
- g/t AgEq
Prior Estimate
- Resource Date
- 2025-12-31
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-06-12T00:00:00.000Z
Reasoning: Proven Reserves for silver show strong tonnage growth but a notable decrease in grade and contained metal, which is a mixed signal. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Significant increase in Proven Reserve tonnes (+45%).
- NI 43-101 compliant and QP signed.
Negative factors
- Proven Reserve grades for silver decreased by 20% compared to the prior estimate.
- Contained silver in Proven Reserves decreased compared to prior estimate.
Evidence · table
“1.01”
Context: 0.68
Tags used in scoring
Proven Reservepositive
Measured Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "proven"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
provenYing Mining District · silverTonnes: 680000Grade: 62Grade Unit: g/tView all detailsHide details
Identity
- Project
- Ying Mining District
- Commodity
- silver
- Region
- china
- Reported Region
- Henan Province, People's Republic of China
- Ticker
- SVM
Resource scope
- Estimate type
- reserve
- Effective date
- 2025-12-31T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- HA Smith, GK Vartell, S Robinson, RC Stewart, JE Glanvill, A Wilkins, B Nielsen, M Kent, R Carlson, RJ Chesher, D Claffey
- Resource group id
- resource:63e1f12a540b19c31ca0
- Deposit or zone
- Ying Mines
- Mining method
- underground
Resource Data
- Category
- proven
- Tonnes
- 680000
- Grade
- 62
- Grade Unit
- g/t
- Cutoff Grade
- 180
- Cutoff Unit
- g/t AgEq
Prior Estimate
- Resource Date
- 2025-12-31
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-06-12T00:00:00.000Z
Reasoning: Proven Reserves for silver show strong tonnage growth but a notable decrease in grade and contained metal, which is a mixed signal. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Significant increase in Proven Reserve tonnes (+45%).
- NI 43-101 compliant and QP signed.
Negative factors
- Proven Reserve grades for silver decreased by 20% compared to the prior estimate.
- Contained silver in Proven Reserves decreased compared to prior estimate.
Evidence · table
“62”
Context: 0.68
Tags used in scoring
Proven Reservepositive
Measured Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "proven"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
provenYing Mining District · leadTonnes: 680000Grade: 2.6Grade Unit: %View all detailsHide details
Identity
- Project
- Ying Mining District
- Commodity
- lead
- Region
- china
- Reported Region
- Henan Province, People's Republic of China
- Ticker
- SVM
Resource scope
- Estimate type
- reserve
- Effective date
- 2025-12-31T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- HA Smith, GK Vartell, S Robinson, RC Stewart, JE Glanvill, A Wilkins, B Nielsen, M Kent, R Carlson, RJ Chesher, D Claffey
- Resource group id
- resource:63e1f12a540b19c31ca0
- Deposit or zone
- Ying Mines
- Mining method
- underground
Resource Data
- Category
- proven
- Tonnes
- 680000
- Grade
- 2.6
- Grade Unit
- %
- Cutoff Grade
- 180
- Cutoff Unit
- g/t AgEq
Prior Estimate
- Resource Date
- 2025-12-31
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-06-12T00:00:00.000Z
Reasoning: Proven Reserves for silver show strong tonnage growth but a notable decrease in grade and contained metal, which is a mixed signal. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Significant increase in Proven Reserve tonnes (+45%).
- NI 43-101 compliant and QP signed.
Negative factors
- Proven Reserve grades for silver decreased by 20% compared to the prior estimate.
- Contained silver in Proven Reserves decreased compared to prior estimate.
Evidence · table
“2.60”
Context: 0.68
Tags used in scoring
Proven Reservepositive
Measured Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "proven"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
provenYing Mining District · zincTonnes: 680000Grade: 0.61Grade Unit: %View all detailsHide details
Identity
- Project
- Ying Mining District
- Commodity
- zinc
- Region
- china
- Reported Region
- Henan Province, People's Republic of China
- Ticker
- SVM
Resource scope
- Estimate type
- reserve
- Effective date
- 2025-12-31T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- HA Smith, GK Vartell, S Robinson, RC Stewart, JE Glanvill, A Wilkins, B Nielsen, M Kent, R Carlson, RJ Chesher, D Claffey
- Resource group id
- resource:63e1f12a540b19c31ca0
- Deposit or zone
- Ying Mines
- Mining method
- underground
Resource Data
- Category
- proven
- Tonnes
- 680000
- Grade
- 0.61
- Grade Unit
- %
- Cutoff Grade
- 180
- Cutoff Unit
- g/t AgEq
Prior Estimate
- Resource Date
- 2025-12-31
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-06-12T00:00:00.000Z
Reasoning: Proven Reserves for silver show strong tonnage growth but a notable decrease in grade and contained metal, which is a mixed signal. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Significant increase in Proven Reserve tonnes (+45%).
- NI 43-101 compliant and QP signed.
Negative factors
- Proven Reserve grades for silver decreased by 20% compared to the prior estimate.
- Contained silver in Proven Reserves decreased compared to prior estimate.
Evidence · table
“0.61”
Context: 0.68
Tags used in scoring
Proven Reservepositive
Measured Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "proven"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
provenYing Mining District · copperTonnes: 680000Grade: 0.07Grade Unit: %View all detailsHide details
Identity
- Project
- Ying Mining District
- Commodity
- copper
- Region
- china
- Reported Region
- Henan Province, People's Republic of China
- Ticker
- SVM
Resource scope
- Estimate type
- reserve
- Effective date
- 2025-12-31T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- HA Smith, GK Vartell, S Robinson, RC Stewart, JE Glanvill, A Wilkins, B Nielsen, M Kent, R Carlson, RJ Chesher, D Claffey
- Resource group id
- resource:63e1f12a540b19c31ca0
- Deposit or zone
- Ying Mines
- Mining method
- underground
Resource Data
- Category
- proven
- Tonnes
- 680000
- Grade
- 0.07
- Grade Unit
- %
- Cutoff Grade
- 180
- Cutoff Unit
- g/t AgEq
Prior Estimate
- Resource Date
- 2025-12-31
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-06-12T00:00:00.000Z
Reasoning: Proven Reserves for silver show strong tonnage growth but a notable decrease in grade and contained metal, which is a mixed signal. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Significant increase in Proven Reserve tonnes (+45%).
- NI 43-101 compliant and QP signed.
Negative factors
- Proven Reserve grades for silver decreased by 20% compared to the prior estimate.
- Contained silver in Proven Reserves decreased compared to prior estimate.
Evidence · table
“0.07”
Context: 0.68
Tags used in scoring
Proven Reservepositive
Measured Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "proven"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
probableYing Mining District · goldTonnes: 670000Grade: 0.96Grade Unit: g/tView all detailsHide details
Identity
- Project
- Ying Mining District
- Commodity
- gold
- Region
- china
- Reported Region
- Henan Province, People's Republic of China
- Ticker
- SVM
Resource scope
- Estimate type
- reserve
- Effective date
- 2025-12-31T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- HA Smith, GK Vartell, S Robinson, RC Stewart, JE Glanvill, A Wilkins, B Nielsen, M Kent, R Carlson, RJ Chesher, D Claffey
- Resource group id
- resource:c0303f3d4f0afef577e4
- Deposit or zone
- Ying Mines
- Mining method
- underground
Resource Data
- Category
- probable
- Tonnes
- 670000
- Grade
- 0.96
- Grade Unit
- g/t
- Cutoff Grade
- 155
- Cutoff Unit
- g/t AgEq
Prior Estimate
- Resource Date
- 2025-12-31
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-06-12T00:00:00.000Z
Reasoning: Probable Reserves for silver show strong tonnage growth but a notable decrease in grade and contained metal, which is a mixed signal. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Significant increase in Probable Reserve tonnes (+55%).
- NI 43-101 compliant and QP signed.
Negative factors
- Probable Reserve grades for silver decreased by 20% compared to the prior estimate.
- Contained silver in Probable Reserves decreased compared to prior estimate.
Evidence · table
“0.96”
Context: 0.67
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
probableYing Mining District · silverTonnes: 670000Grade: 61Grade Unit: g/tView all detailsHide details
Identity
- Project
- Ying Mining District
- Commodity
- silver
- Region
- china
- Reported Region
- Henan Province, People's Republic of China
- Ticker
- SVM
Resource scope
- Estimate type
- reserve
- Effective date
- 2025-12-31T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- HA Smith, GK Vartell, S Robinson, RC Stewart, JE Glanvill, A Wilkins, B Nielsen, M Kent, R Carlson, RJ Chesher, D Claffey
- Resource group id
- resource:c0303f3d4f0afef577e4
- Deposit or zone
- Ying Mines
- Mining method
- underground
Resource Data
- Category
- probable
- Tonnes
- 670000
- Grade
- 61
- Grade Unit
- g/t
- Cutoff Grade
- 155
- Cutoff Unit
- g/t AgEq
Prior Estimate
- Resource Date
- 2025-12-31
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-06-12T00:00:00.000Z
Reasoning: Probable Reserves for silver show strong tonnage growth but a notable decrease in grade and contained metal, which is a mixed signal. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Significant increase in Probable Reserve tonnes (+55%).
- NI 43-101 compliant and QP signed.
Negative factors
- Probable Reserve grades for silver decreased by 20% compared to the prior estimate.
- Contained silver in Probable Reserves decreased compared to prior estimate.
Evidence · table
“61”
Context: 0.67
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
probableYing Mining District · leadTonnes: 670000Grade: 2.36Grade Unit: %View all detailsHide details
Identity
- Project
- Ying Mining District
- Commodity
- lead
- Region
- china
- Reported Region
- Henan Province, People's Republic of China
- Ticker
- SVM
Resource scope
- Estimate type
- reserve
- Effective date
- 2025-12-31T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- HA Smith, GK Vartell, S Robinson, RC Stewart, JE Glanvill, A Wilkins, B Nielsen, M Kent, R Carlson, RJ Chesher, D Claffey
- Resource group id
- resource:c0303f3d4f0afef577e4
- Deposit or zone
- Ying Mines
- Mining method
- underground
Resource Data
- Category
- probable
- Tonnes
- 670000
- Grade
- 2.36
- Grade Unit
- %
- Cutoff Grade
- 155
- Cutoff Unit
- g/t AgEq
Prior Estimate
- Resource Date
- 2025-12-31
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-06-12T00:00:00.000Z
Reasoning: Probable Reserves for silver show strong tonnage growth but a notable decrease in grade and contained metal, which is a mixed signal. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Significant increase in Probable Reserve tonnes (+55%).
- NI 43-101 compliant and QP signed.
Negative factors
- Probable Reserve grades for silver decreased by 20% compared to the prior estimate.
- Contained silver in Probable Reserves decreased compared to prior estimate.
Evidence · table
“2.36”
Context: 0.67
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
probableYing Mining District · zincTonnes: 670000Grade: 0.69Grade Unit: %View all detailsHide details
Identity
- Project
- Ying Mining District
- Commodity
- zinc
- Region
- china
- Reported Region
- Henan Province, People's Republic of China
- Ticker
- SVM
Resource scope
- Estimate type
- reserve
- Effective date
- 2025-12-31T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- HA Smith, GK Vartell, S Robinson, RC Stewart, JE Glanvill, A Wilkins, B Nielsen, M Kent, R Carlson, RJ Chesher, D Claffey
- Resource group id
- resource:c0303f3d4f0afef577e4
- Deposit or zone
- Ying Mines
- Mining method
- underground
Resource Data
- Category
- probable
- Tonnes
- 670000
- Grade
- 0.69
- Grade Unit
- %
- Cutoff Grade
- 155
- Cutoff Unit
- g/t AgEq
Prior Estimate
- Resource Date
- 2025-12-31
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-06-12T00:00:00.000Z
Reasoning: Probable Reserves for silver show strong tonnage growth but a notable decrease in grade and contained metal, which is a mixed signal. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Significant increase in Probable Reserve tonnes (+55%).
- NI 43-101 compliant and QP signed.
Negative factors
- Probable Reserve grades for silver decreased by 20% compared to the prior estimate.
- Contained silver in Probable Reserves decreased compared to prior estimate.
Evidence · table
“0.69”
Context: 0.67
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
probableYing Mining District · copperTonnes: 670000Grade: 0.06Grade Unit: %View all detailsHide details
Identity
- Project
- Ying Mining District
- Commodity
- copper
- Region
- china
- Reported Region
- Henan Province, People's Republic of China
- Ticker
- SVM
Resource scope
- Estimate type
- reserve
- Effective date
- 2025-12-31T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- HA Smith, GK Vartell, S Robinson, RC Stewart, JE Glanvill, A Wilkins, B Nielsen, M Kent, R Carlson, RJ Chesher, D Claffey
- Resource group id
- resource:c0303f3d4f0afef577e4
- Deposit or zone
- Ying Mines
- Mining method
- underground
Resource Data
- Category
- probable
- Tonnes
- 670000
- Grade
- 0.06
- Grade Unit
- %
- Cutoff Grade
- 155
- Cutoff Unit
- g/t AgEq
Prior Estimate
- Resource Date
- 2025-12-31
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-06-12T00:00:00.000Z
Reasoning: Probable Reserves for silver show strong tonnage growth but a notable decrease in grade and contained metal, which is a mixed signal. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Significant increase in Probable Reserve tonnes (+55%).
- NI 43-101 compliant and QP signed.
Negative factors
- Probable Reserve grades for silver decreased by 20% compared to the prior estimate.
- Contained silver in Probable Reserves decreased compared to prior estimate.
Evidence · table
“0.06”
Context: 0.67
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
probableYing Mining District · goldTonnes: 1350000Grade: 0.99Grade Unit: g/tView all detailsHide details
Identity
- Project
- Ying Mining District
- Commodity
- gold
- Region
- china
- Reported Region
- Henan Province, People's Republic of China
- Ticker
- SVM
Resource scope
- Estimate type
- reserve
- Effective date
- 2025-12-31T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- HA Smith, GK Vartell, S Robinson, RC Stewart, JE Glanvill, A Wilkins, B Nielsen, M Kent, R Carlson, RJ Chesher, D Claffey
- Resource group id
- resource:aebee7239016fcc89d46
- Deposit or zone
- Ying Mines
- Mining method
- underground
Resource Data
- Category
- probable
- Tonnes
- 1350000
- Grade
- 0.99
- Grade Unit
- g/t
- Cutoff Grade
- 155
- Cutoff Unit
- g/t AgEq
Prior Estimate
- Resource Date
- 2025-12-31
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-06-12T00:00:00.000Z
Reasoning: Probable Reserves for silver show strong tonnage growth but a notable decrease in grade and contained metal, which is a mixed signal. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Significant increase in Probable Reserve tonnes (+55%).
- NI 43-101 compliant and QP signed.
Negative factors
- Probable Reserve grades for silver decreased by 20% compared to the prior estimate.
- Contained silver in Probable Reserves decreased compared to prior estimate.
Evidence · table
“0.99”
Context: 1.35
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
probableYing Mining District · silverTonnes: 1350000Grade: 62Grade Unit: g/tView all detailsHide details
Identity
- Project
- Ying Mining District
- Commodity
- silver
- Region
- china
- Reported Region
- Henan Province, People's Republic of China
- Ticker
- SVM
Resource scope
- Estimate type
- reserve
- Effective date
- 2025-12-31T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- HA Smith, GK Vartell, S Robinson, RC Stewart, JE Glanvill, A Wilkins, B Nielsen, M Kent, R Carlson, RJ Chesher, D Claffey
- Resource group id
- resource:aebee7239016fcc89d46
- Deposit or zone
- Ying Mines
- Mining method
- underground
Resource Data
- Category
- probable
- Tonnes
- 1350000
- Grade
- 62
- Grade Unit
- g/t
- Cutoff Grade
- 155
- Cutoff Unit
- g/t AgEq
Prior Estimate
- Resource Date
- 2025-12-31
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-06-12T00:00:00.000Z
Reasoning: Probable Reserves for silver show strong tonnage growth but a notable decrease in grade and contained metal, which is a mixed signal. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Significant increase in Probable Reserve tonnes (+55%).
- NI 43-101 compliant and QP signed.
Negative factors
- Probable Reserve grades for silver decreased by 20% compared to the prior estimate.
- Contained silver in Probable Reserves decreased compared to prior estimate.
Evidence · table
“62”
Context: 1.35
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
probableYing Mining District · leadTonnes: 1350000Grade: 2.48Grade Unit: %View all detailsHide details
Identity
- Project
- Ying Mining District
- Commodity
- lead
- Region
- china
- Reported Region
- Henan Province, People's Republic of China
- Ticker
- SVM
Resource scope
- Estimate type
- reserve
- Effective date
- 2025-12-31T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- HA Smith, GK Vartell, S Robinson, RC Stewart, JE Glanvill, A Wilkins, B Nielsen, M Kent, R Carlson, RJ Chesher, D Claffey
- Resource group id
- resource:aebee7239016fcc89d46
- Deposit or zone
- Ying Mines
- Mining method
- underground
Resource Data
- Category
- probable
- Tonnes
- 1350000
- Grade
- 2.48
- Grade Unit
- %
- Cutoff Grade
- 155
- Cutoff Unit
- g/t AgEq
Prior Estimate
- Resource Date
- 2025-12-31
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-06-12T00:00:00.000Z
Reasoning: Probable Reserves for silver show strong tonnage growth but a notable decrease in grade and contained metal, which is a mixed signal. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Significant increase in Probable Reserve tonnes (+55%).
- NI 43-101 compliant and QP signed.
Negative factors
- Probable Reserve grades for silver decreased by 20% compared to the prior estimate.
- Contained silver in Probable Reserves decreased compared to prior estimate.
Evidence · table
“2.48”
Context: 1.35
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
probableYing Mining District · zincTonnes: 1350000Grade: 0.65Grade Unit: %View all detailsHide details
Identity
- Project
- Ying Mining District
- Commodity
- zinc
- Region
- china
- Reported Region
- Henan Province, People's Republic of China
- Ticker
- SVM
Resource scope
- Estimate type
- reserve
- Effective date
- 2025-12-31T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- HA Smith, GK Vartell, S Robinson, RC Stewart, JE Glanvill, A Wilkins, B Nielsen, M Kent, R Carlson, RJ Chesher, D Claffey
- Resource group id
- resource:aebee7239016fcc89d46
- Deposit or zone
- Ying Mines
- Mining method
- underground
Resource Data
- Category
- probable
- Tonnes
- 1350000
- Grade
- 0.65
- Grade Unit
- %
- Cutoff Grade
- 155
- Cutoff Unit
- g/t AgEq
Prior Estimate
- Resource Date
- 2025-12-31
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-06-12T00:00:00.000Z
Reasoning: Probable Reserves for silver show strong tonnage growth but a notable decrease in grade and contained metal, which is a mixed signal. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Significant increase in Probable Reserve tonnes (+55%).
- NI 43-101 compliant and QP signed.
Negative factors
- Probable Reserve grades for silver decreased by 20% compared to the prior estimate.
- Contained silver in Probable Reserves decreased compared to prior estimate.
Evidence · table
“0.65”
Context: 1.35
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
probableYing Mining District · copperTonnes: 1350000Grade: 0.07Grade Unit: %View all detailsHide details
Identity
- Project
- Ying Mining District
- Commodity
- copper
- Region
- china
- Reported Region
- Henan Province, People's Republic of China
- Ticker
- SVM
Resource scope
- Estimate type
- reserve
- Effective date
- 2025-12-31T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- HA Smith, GK Vartell, S Robinson, RC Stewart, JE Glanvill, A Wilkins, B Nielsen, M Kent, R Carlson, RJ Chesher, D Claffey
- Resource group id
- resource:aebee7239016fcc89d46
- Deposit or zone
- Ying Mines
- Mining method
- underground
Resource Data
- Category
- probable
- Tonnes
- 1350000
- Grade
- 0.07
- Grade Unit
- %
- Cutoff Grade
- 155
- Cutoff Unit
- g/t AgEq
Prior Estimate
- Resource Date
- 2025-12-31
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-06-12T00:00:00.000Z
Reasoning: Probable Reserves for silver show strong tonnage growth but a notable decrease in grade and contained metal, which is a mixed signal. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Significant increase in Probable Reserve tonnes (+55%).
- NI 43-101 compliant and QP signed.
Negative factors
- Probable Reserve grades for silver decreased by 20% compared to the prior estimate.
- Contained silver in Probable Reserves decreased compared to prior estimate.
Evidence · table
“0.07”
Context: 1.35
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
provenYing Mining District · silverTonnes: 2480000Grade: 150Grade Unit: g/tView all detailsHide details
Identity
- Project
- Ying Mining District
- Commodity
- silver
- Region
- china
- Reported Region
- Henan Province, People's Republic of China
- Ticker
- SVM
Resource scope
- Estimate type
- reserve
- Effective date
- 2025-12-31T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- HA Smith, GK Vartell, S Robinson, RC Stewart, JE Glanvill, A Wilkins, B Nielsen, M Kent, R Carlson, RJ Chesher, D Claffey
- Resource group id
- resource:25c70f51db8afb311e16
- Deposit or zone
- Ying Mines
- Mining method
- underground
Resource Data
- Category
- proven
- Tonnes
- 2480000
- Grade
- 150
- Grade Unit
- g/t
- Cutoff Grade
- 180
- Cutoff Unit
- g/t AgEq
Prior Estimate
- Resource Date
- 2025-12-31
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-06-12T00:00:00.000Z
Reasoning: Proven Reserves for silver show strong tonnage growth but a notable decrease in grade and contained metal, which is a mixed signal. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Significant increase in Proven Reserve tonnes (+45%).
- NI 43-101 compliant and QP signed.
Negative factors
- Proven Reserve grades for silver decreased by 20% compared to the prior estimate.
- Contained silver in Proven Reserves decreased compared to prior estimate.
Evidence · table
“150”
Context: 2.48
Tags used in scoring
Proven Reservepositive
Measured Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "proven"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
provenYing Mining District · leadTonnes: 2480000Grade: 2.28Grade Unit: %View all detailsHide details
Identity
- Project
- Ying Mining District
- Commodity
- lead
- Region
- china
- Reported Region
- Henan Province, People's Republic of China
- Ticker
- SVM
Resource scope
- Estimate type
- reserve
- Effective date
- 2025-12-31T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- HA Smith, GK Vartell, S Robinson, RC Stewart, JE Glanvill, A Wilkins, B Nielsen, M Kent, R Carlson, RJ Chesher, D Claffey
- Resource group id
- resource:25c70f51db8afb311e16
- Deposit or zone
- Ying Mines
- Mining method
- underground
Resource Data
- Category
- proven
- Tonnes
- 2480000
- Grade
- 2.28
- Grade Unit
- %
- Cutoff Grade
- 180
- Cutoff Unit
- g/t AgEq
Prior Estimate
- Resource Date
- 2025-12-31
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-06-12T00:00:00.000Z
Reasoning: Proven Reserves for silver show strong tonnage growth but a notable decrease in grade and contained metal, which is a mixed signal. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Significant increase in Proven Reserve tonnes (+45%).
- NI 43-101 compliant and QP signed.
Negative factors
- Proven Reserve grades for silver decreased by 20% compared to the prior estimate.
- Contained silver in Proven Reserves decreased compared to prior estimate.
Evidence · table
“2.28”
Context: 2.48
Tags used in scoring
Proven Reservepositive
Measured Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "proven"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
probableYing Mining District · silverTonnes: 1580000Grade: 136Grade Unit: g/tView all detailsHide details
Identity
- Project
- Ying Mining District
- Commodity
- silver
- Region
- china
- Reported Region
- Henan Province, People's Republic of China
- Ticker
- SVM
Resource scope
- Estimate type
- reserve
- Effective date
- 2025-12-31T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- HA Smith, GK Vartell, S Robinson, RC Stewart, JE Glanvill, A Wilkins, B Nielsen, M Kent, R Carlson, RJ Chesher, D Claffey
- Resource group id
- resource:22abbe604c8c911abc62
- Deposit or zone
- Ying Mines
- Mining method
- underground
Resource Data
- Category
- probable
- Tonnes
- 1580000
- Grade
- 136
- Grade Unit
- g/t
- Cutoff Grade
- 155
- Cutoff Unit
- g/t AgEq
Prior Estimate
- Resource Date
- 2025-12-31
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-06-12T00:00:00.000Z
Reasoning: Probable Reserves for silver show strong tonnage growth but a notable decrease in grade and contained metal, which is a mixed signal. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Significant increase in Probable Reserve tonnes (+55%).
- NI 43-101 compliant and QP signed.
Negative factors
- Probable Reserve grades for silver decreased by 20% compared to the prior estimate.
- Contained silver in Probable Reserves decreased compared to prior estimate.
Evidence · table
“136”
Context: 1.58
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
probableYing Mining District · leadTonnes: 1580000Grade: 2.01Grade Unit: %View all detailsHide details
Identity
- Project
- Ying Mining District
- Commodity
- lead
- Region
- china
- Reported Region
- Henan Province, People's Republic of China
- Ticker
- SVM
Resource scope
- Estimate type
- reserve
- Effective date
- 2025-12-31T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- HA Smith, GK Vartell, S Robinson, RC Stewart, JE Glanvill, A Wilkins, B Nielsen, M Kent, R Carlson, RJ Chesher, D Claffey
- Resource group id
- resource:22abbe604c8c911abc62
- Deposit or zone
- Ying Mines
- Mining method
- underground
Resource Data
- Category
- probable
- Tonnes
- 1580000
- Grade
- 2.01
- Grade Unit
- %
- Cutoff Grade
- 155
- Cutoff Unit
- g/t AgEq
Prior Estimate
- Resource Date
- 2025-12-31
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-06-12T00:00:00.000Z
Reasoning: Probable Reserves for silver show strong tonnage growth but a notable decrease in grade and contained metal, which is a mixed signal. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Significant increase in Probable Reserve tonnes (+55%).
- NI 43-101 compliant and QP signed.
Negative factors
- Probable Reserve grades for silver decreased by 20% compared to the prior estimate.
- Contained silver in Probable Reserves decreased compared to prior estimate.
Evidence · table
“2.01”
Context: 1.58
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
probableYing Mining District · silverTonnes: 4070000Grade: 145Grade Unit: g/tView all detailsHide details
Identity
- Project
- Ying Mining District
- Commodity
- silver
- Region
- china
- Reported Region
- Henan Province, People's Republic of China
- Ticker
- SVM
Resource scope
- Estimate type
- reserve
- Effective date
- 2025-12-31T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- HA Smith, GK Vartell, S Robinson, RC Stewart, JE Glanvill, A Wilkins, B Nielsen, M Kent, R Carlson, RJ Chesher, D Claffey
- Resource group id
- resource:f6fcca5a004884df14d8
- Deposit or zone
- Ying Mines
- Mining method
- underground
Resource Data
- Category
- probable
- Tonnes
- 4070000
- Grade
- 145
- Grade Unit
- g/t
- Cutoff Grade
- 155
- Cutoff Unit
- g/t AgEq
Prior Estimate
- Resource Date
- 2025-12-31
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-06-12T00:00:00.000Z
Reasoning: Probable Reserves for silver show strong tonnage growth but a notable decrease in grade and contained metal, which is a mixed signal. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Significant increase in Probable Reserve tonnes (+55%).
- NI 43-101 compliant and QP signed.
Negative factors
- Probable Reserve grades for silver decreased by 20% compared to the prior estimate.
- Contained silver in Probable Reserves decreased compared to prior estimate.
Evidence · table
“145”
Context: 4.07
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
probableYing Mining District · leadTonnes: 4070000Grade: 2.18Grade Unit: %View all detailsHide details
Identity
- Project
- Ying Mining District
- Commodity
- lead
- Region
- china
- Reported Region
- Henan Province, People's Republic of China
- Ticker
- SVM
Resource scope
- Estimate type
- reserve
- Effective date
- 2025-12-31T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- HA Smith, GK Vartell, S Robinson, RC Stewart, JE Glanvill, A Wilkins, B Nielsen, M Kent, R Carlson, RJ Chesher, D Claffey
- Resource group id
- resource:f6fcca5a004884df14d8
- Deposit or zone
- Ying Mines
- Mining method
- underground
Resource Data
- Category
- probable
- Tonnes
- 4070000
- Grade
- 2.18
- Grade Unit
- %
- Cutoff Grade
- 155
- Cutoff Unit
- g/t AgEq
Prior Estimate
- Resource Date
- 2025-12-31
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-06-12T00:00:00.000Z
Reasoning: Probable Reserves for silver show strong tonnage growth but a notable decrease in grade and contained metal, which is a mixed signal. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Significant increase in Probable Reserve tonnes (+55%).
- NI 43-101 compliant and QP signed.
Negative factors
- Probable Reserve grades for silver decreased by 20% compared to the prior estimate.
- Contained silver in Probable Reserves decreased compared to prior estimate.
Evidence · table
“2.18”
Context: 4.07
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
provenYing Mining District · goldTonnes: 730000Grade: 0.01Grade Unit: g/tView all detailsHide details
Identity
- Project
- Ying Mining District
- Commodity
- gold
- Region
- china
- Reported Region
- Henan Province, People's Republic of China
- Ticker
- SVM
Resource scope
- Estimate type
- reserve
- Effective date
- 2025-12-31T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- HA Smith, GK Vartell, S Robinson, RC Stewart, JE Glanvill, A Wilkins, B Nielsen, M Kent, R Carlson, RJ Chesher, D Claffey
- Resource group id
- resource:03c9360a4599e48d9eb2
- Deposit or zone
- Ying Mines
- Mining method
- underground
Resource Data
- Category
- proven
- Tonnes
- 730000
- Grade
- 0.01
- Grade Unit
- g/t
- Cutoff Grade
- 180
- Cutoff Unit
- g/t AgEq
Prior Estimate
- Resource Date
- 2025-12-31
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-06-12T00:00:00.000Z
Reasoning: Proven Reserves for silver show strong tonnage growth but a notable decrease in grade and contained metal, which is a mixed signal. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Significant increase in Proven Reserve tonnes (+45%).
- NI 43-101 compliant and QP signed.
Negative factors
- Proven Reserve grades for silver decreased by 20% compared to the prior estimate.
- Contained silver in Proven Reserves decreased compared to prior estimate.
Evidence · table
“0.01”
Context: 0.73
Tags used in scoring
Proven Reservepositive
Measured Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "proven"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
provenYing Mining District · silverTonnes: 730000Grade: 254Grade Unit: g/tView all detailsHide details
Identity
- Project
- Ying Mining District
- Commodity
- silver
- Region
- china
- Reported Region
- Henan Province, People's Republic of China
- Ticker
- SVM
Resource scope
- Estimate type
- reserve
- Effective date
- 2025-12-31T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- HA Smith, GK Vartell, S Robinson, RC Stewart, JE Glanvill, A Wilkins, B Nielsen, M Kent, R Carlson, RJ Chesher, D Claffey
- Resource group id
- resource:03c9360a4599e48d9eb2
- Deposit or zone
- Ying Mines
- Mining method
- underground
Resource Data
- Category
- proven
- Tonnes
- 730000
- Grade
- 254
- Grade Unit
- g/t
- Cutoff Grade
- 180
- Cutoff Unit
- g/t AgEq
Prior Estimate
- Resource Date
- 2025-12-31
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-06-12T00:00:00.000Z
Reasoning: Proven Reserves for silver show strong tonnage growth but a notable decrease in grade and contained metal, which is a mixed signal. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Significant increase in Proven Reserve tonnes (+45%).
- NI 43-101 compliant and QP signed.
Negative factors
- Proven Reserve grades for silver decreased by 20% compared to the prior estimate.
- Contained silver in Proven Reserves decreased compared to prior estimate.
Evidence · table
“254”
Context: 0.73
Tags used in scoring
Proven Reservepositive
Measured Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "proven"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
provenYing Mining District · leadTonnes: 730000Grade: 1.07Grade Unit: %View all detailsHide details
Identity
- Project
- Ying Mining District
- Commodity
- lead
- Region
- china
- Reported Region
- Henan Province, People's Republic of China
- Ticker
- SVM
Resource scope
- Estimate type
- reserve
- Effective date
- 2025-12-31T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- HA Smith, GK Vartell, S Robinson, RC Stewart, JE Glanvill, A Wilkins, B Nielsen, M Kent, R Carlson, RJ Chesher, D Claffey
- Resource group id
- resource:03c9360a4599e48d9eb2
- Deposit or zone
- Ying Mines
- Mining method
- underground
Resource Data
- Category
- proven
- Tonnes
- 730000
- Grade
- 1.07
- Grade Unit
- %
- Cutoff Grade
- 180
- Cutoff Unit
- g/t AgEq
Prior Estimate
- Resource Date
- 2025-12-31
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-06-12T00:00:00.000Z
Reasoning: Proven Reserves for silver show strong tonnage growth but a notable decrease in grade and contained metal, which is a mixed signal. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Significant increase in Proven Reserve tonnes (+45%).
- NI 43-101 compliant and QP signed.
Negative factors
- Proven Reserve grades for silver decreased by 20% compared to the prior estimate.
- Contained silver in Proven Reserves decreased compared to prior estimate.
Evidence · table
“1.07”
Context: 0.73
Tags used in scoring
Proven Reservepositive
Measured Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "proven"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
provenYing Mining District · zincTonnes: 730000Grade: 0.24Grade Unit: %View all detailsHide details
Identity
- Project
- Ying Mining District
- Commodity
- zinc
- Region
- china
- Reported Region
- Henan Province, People's Republic of China
- Ticker
- SVM
Resource scope
- Estimate type
- reserve
- Effective date
- 2025-12-31T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- HA Smith, GK Vartell, S Robinson, RC Stewart, JE Glanvill, A Wilkins, B Nielsen, M Kent, R Carlson, RJ Chesher, D Claffey
- Resource group id
- resource:03c9360a4599e48d9eb2
- Deposit or zone
- Ying Mines
- Mining method
- underground
Resource Data
- Category
- proven
- Tonnes
- 730000
- Grade
- 0.24
- Grade Unit
- %
- Cutoff Grade
- 180
- Cutoff Unit
- g/t AgEq
Prior Estimate
- Resource Date
- 2025-12-31
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-06-12T00:00:00.000Z
Reasoning: Proven Reserves for silver show strong tonnage growth but a notable decrease in grade and contained metal, which is a mixed signal. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Significant increase in Proven Reserve tonnes (+45%).
- NI 43-101 compliant and QP signed.
Negative factors
- Proven Reserve grades for silver decreased by 20% compared to the prior estimate.
- Contained silver in Proven Reserves decreased compared to prior estimate.
Evidence · table
“0.24”
Context: 0.73
Tags used in scoring
Proven Reservepositive
Measured Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "proven"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
probableYing Mining District · goldTonnes: 1560000Grade: 0.04Grade Unit: g/tView all detailsHide details
Identity
- Project
- Ying Mining District
- Commodity
- gold
- Region
- china
- Reported Region
- Henan Province, People's Republic of China
- Ticker
- SVM
Resource scope
- Estimate type
- reserve
- Effective date
- 2025-12-31T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- HA Smith, GK Vartell, S Robinson, RC Stewart, JE Glanvill, A Wilkins, B Nielsen, M Kent, R Carlson, RJ Chesher, D Claffey
- Resource group id
- resource:017437db98e12f763c27
- Deposit or zone
- Ying Mines
- Mining method
- underground
Resource Data
- Category
- probable
- Tonnes
- 1560000
- Grade
- 0.04
- Grade Unit
- g/t
- Cutoff Grade
- 155
- Cutoff Unit
- g/t AgEq
Prior Estimate
- Resource Date
- 2025-12-31
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-06-12T00:00:00.000Z
Reasoning: Probable Reserves for silver show strong tonnage growth but a notable decrease in grade and contained metal, which is a mixed signal. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Significant increase in Probable Reserve tonnes (+55%).
- NI 43-101 compliant and QP signed.
Negative factors
- Probable Reserve grades for silver decreased by 20% compared to the prior estimate.
- Contained silver in Probable Reserves decreased compared to prior estimate.
Evidence · table
“0.04”
Context: 1.56
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
probableYing Mining District · silverTonnes: 1560000Grade: 214Grade Unit: g/tView all detailsHide details
Identity
- Project
- Ying Mining District
- Commodity
- silver
- Region
- china
- Reported Region
- Henan Province, People's Republic of China
- Ticker
- SVM
Resource scope
- Estimate type
- reserve
- Effective date
- 2025-12-31T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- HA Smith, GK Vartell, S Robinson, RC Stewart, JE Glanvill, A Wilkins, B Nielsen, M Kent, R Carlson, RJ Chesher, D Claffey
- Resource group id
- resource:017437db98e12f763c27
- Deposit or zone
- Ying Mines
- Mining method
- underground
Resource Data
- Category
- probable
- Tonnes
- 1560000
- Grade
- 214
- Grade Unit
- g/t
- Cutoff Grade
- 155
- Cutoff Unit
- g/t AgEq
Prior Estimate
- Resource Date
- 2025-12-31
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-06-12T00:00:00.000Z
Reasoning: Probable Reserves for silver show strong tonnage growth but a notable decrease in grade and contained metal, which is a mixed signal. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Significant increase in Probable Reserve tonnes (+55%).
- NI 43-101 compliant and QP signed.
Negative factors
- Probable Reserve grades for silver decreased by 20% compared to the prior estimate.
- Contained silver in Probable Reserves decreased compared to prior estimate.
Evidence · table
“214”
Context: 1.56
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
probableYing Mining District · leadTonnes: 1560000Grade: 1.03Grade Unit: %View all detailsHide details
Identity
- Project
- Ying Mining District
- Commodity
- lead
- Region
- china
- Reported Region
- Henan Province, People's Republic of China
- Ticker
- SVM
Resource scope
- Estimate type
- reserve
- Effective date
- 2025-12-31T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- HA Smith, GK Vartell, S Robinson, RC Stewart, JE Glanvill, A Wilkins, B Nielsen, M Kent, R Carlson, RJ Chesher, D Claffey
- Resource group id
- resource:017437db98e12f763c27
- Deposit or zone
- Ying Mines
- Mining method
- underground
Resource Data
- Category
- probable
- Tonnes
- 1560000
- Grade
- 1.03
- Grade Unit
- %
- Cutoff Grade
- 155
- Cutoff Unit
- g/t AgEq
Prior Estimate
- Resource Date
- 2025-12-31
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-06-12T00:00:00.000Z
Reasoning: Probable Reserves for silver show strong tonnage growth but a notable decrease in grade and contained metal, which is a mixed signal. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Significant increase in Probable Reserve tonnes (+55%).
- NI 43-101 compliant and QP signed.
Negative factors
- Probable Reserve grades for silver decreased by 20% compared to the prior estimate.
- Contained silver in Probable Reserves decreased compared to prior estimate.
Evidence · table
“1.03”
Context: 1.56
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
probableYing Mining District · zincTonnes: 1560000Grade: 0.25Grade Unit: %View all detailsHide details
Identity
- Project
- Ying Mining District
- Commodity
- zinc
- Region
- china
- Reported Region
- Henan Province, People's Republic of China
- Ticker
- SVM
Resource scope
- Estimate type
- reserve
- Effective date
- 2025-12-31T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- HA Smith, GK Vartell, S Robinson, RC Stewart, JE Glanvill, A Wilkins, B Nielsen, M Kent, R Carlson, RJ Chesher, D Claffey
- Resource group id
- resource:017437db98e12f763c27
- Deposit or zone
- Ying Mines
- Mining method
- underground
Resource Data
- Category
- probable
- Tonnes
- 1560000
- Grade
- 0.25
- Grade Unit
- %
- Cutoff Grade
- 155
- Cutoff Unit
- g/t AgEq
Prior Estimate
- Resource Date
- 2025-12-31
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-06-12T00:00:00.000Z
Reasoning: Probable Reserves for silver show strong tonnage growth but a notable decrease in grade and contained metal, which is a mixed signal. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Significant increase in Probable Reserve tonnes (+55%).
- NI 43-101 compliant and QP signed.
Negative factors
- Probable Reserve grades for silver decreased by 20% compared to the prior estimate.
- Contained silver in Probable Reserves decreased compared to prior estimate.
Evidence · table
“0.25”
Context: 1.56
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
probableYing Mining District · goldTonnes: 2280000Grade: 0.03Grade Unit: g/tView all detailsHide details
Identity
- Project
- Ying Mining District
- Commodity
- gold
- Region
- china
- Reported Region
- Henan Province, People's Republic of China
- Ticker
- SVM
Resource scope
- Estimate type
- reserve
- Effective date
- 2025-12-31T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- HA Smith, GK Vartell, S Robinson, RC Stewart, JE Glanvill, A Wilkins, B Nielsen, M Kent, R Carlson, RJ Chesher, D Claffey
- Resource group id
- resource:ef7798070c7c3b1aa0d3
- Deposit or zone
- Ying Mines
- Mining method
- underground
Resource Data
- Category
- probable
- Tonnes
- 2280000
- Grade
- 0.03
- Grade Unit
- g/t
- Cutoff Grade
- 155
- Cutoff Unit
- g/t AgEq
Prior Estimate
- Resource Date
- 2025-12-31
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-06-12T00:00:00.000Z
Reasoning: Probable Reserves for silver show strong tonnage growth but a notable decrease in grade and contained metal, which is a mixed signal. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Significant increase in Probable Reserve tonnes (+55%).
- NI 43-101 compliant and QP signed.
Negative factors
- Probable Reserve grades for silver decreased by 20% compared to the prior estimate.
- Contained silver in Probable Reserves decreased compared to prior estimate.
Evidence · table
“0.03”
Context: 2.28
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
probableYing Mining District · silverTonnes: 2280000Grade: 227Grade Unit: g/tView all detailsHide details
Identity
- Project
- Ying Mining District
- Commodity
- silver
- Region
- china
- Reported Region
- Henan Province, People's Republic of China
- Ticker
- SVM
Resource scope
- Estimate type
- reserve
- Effective date
- 2025-12-31T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- HA Smith, GK Vartell, S Robinson, RC Stewart, JE Glanvill, A Wilkins, B Nielsen, M Kent, R Carlson, RJ Chesher, D Claffey
- Resource group id
- resource:ef7798070c7c3b1aa0d3
- Deposit or zone
- Ying Mines
- Mining method
- underground
Resource Data
- Category
- probable
- Tonnes
- 2280000
- Grade
- 227
- Grade Unit
- g/t
- Cutoff Grade
- 155
- Cutoff Unit
- g/t AgEq
Prior Estimate
- Resource Date
- 2025-12-31
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-06-12T00:00:00.000Z
Reasoning: Probable Reserves for silver show strong tonnage growth but a notable decrease in grade and contained metal, which is a mixed signal. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Significant increase in Probable Reserve tonnes (+55%).
- NI 43-101 compliant and QP signed.
Negative factors
- Probable Reserve grades for silver decreased by 20% compared to the prior estimate.
- Contained silver in Probable Reserves decreased compared to prior estimate.
Evidence · table
“227”
Context: 2.28
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
probableYing Mining District · leadTonnes: 2280000Grade: 1.04Grade Unit: %View all detailsHide details
Identity
- Project
- Ying Mining District
- Commodity
- lead
- Region
- china
- Reported Region
- Henan Province, People's Republic of China
- Ticker
- SVM
Resource scope
- Estimate type
- reserve
- Effective date
- 2025-12-31T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- HA Smith, GK Vartell, S Robinson, RC Stewart, JE Glanvill, A Wilkins, B Nielsen, M Kent, R Carlson, RJ Chesher, D Claffey
- Resource group id
- resource:ef7798070c7c3b1aa0d3
- Deposit or zone
- Ying Mines
- Mining method
- underground
Resource Data
- Category
- probable
- Tonnes
- 2280000
- Grade
- 1.04
- Grade Unit
- %
- Cutoff Grade
- 155
- Cutoff Unit
- g/t AgEq
Prior Estimate
- Resource Date
- 2025-12-31
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-06-12T00:00:00.000Z
Reasoning: Probable Reserves for silver show strong tonnage growth but a notable decrease in grade and contained metal, which is a mixed signal. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Significant increase in Probable Reserve tonnes (+55%).
- NI 43-101 compliant and QP signed.
Negative factors
- Probable Reserve grades for silver decreased by 20% compared to the prior estimate.
- Contained silver in Probable Reserves decreased compared to prior estimate.
Evidence · table
“1.04”
Context: 2.28
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
probableYing Mining District · zincTonnes: 2280000Grade: 0.24Grade Unit: %View all detailsHide details
Identity
- Project
- Ying Mining District
- Commodity
- zinc
- Region
- china
- Reported Region
- Henan Province, People's Republic of China
- Ticker
- SVM
Resource scope
- Estimate type
- reserve
- Effective date
- 2025-12-31T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- HA Smith, GK Vartell, S Robinson, RC Stewart, JE Glanvill, A Wilkins, B Nielsen, M Kent, R Carlson, RJ Chesher, D Claffey
- Resource group id
- resource:ef7798070c7c3b1aa0d3
- Deposit or zone
- Ying Mines
- Mining method
- underground
Resource Data
- Category
- probable
- Tonnes
- 2280000
- Grade
- 0.24
- Grade Unit
- %
- Cutoff Grade
- 155
- Cutoff Unit
- g/t AgEq
Prior Estimate
- Resource Date
- 2025-12-31
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-06-12T00:00:00.000Z
Reasoning: Probable Reserves for silver show strong tonnage growth but a notable decrease in grade and contained metal, which is a mixed signal. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Significant increase in Probable Reserve tonnes (+55%).
- NI 43-101 compliant and QP signed.
Negative factors
- Probable Reserve grades for silver decreased by 20% compared to the prior estimate.
- Contained silver in Probable Reserves decreased compared to prior estimate.
Evidence · table
“0.24”
Context: 2.28
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
provenYing Mining District · goldTonnes: 1410000Grade: 0.29Grade Unit: g/tView all detailsHide details
Identity
- Project
- Ying Mining District
- Commodity
- gold
- Region
- china
- Reported Region
- Henan Province, People's Republic of China
- Ticker
- SVM
Resource scope
- Estimate type
- reserve
- Effective date
- 2025-12-31T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- HA Smith, GK Vartell, S Robinson, RC Stewart, JE Glanvill, A Wilkins, B Nielsen, M Kent, R Carlson, RJ Chesher, D Claffey
- Resource group id
- resource:305262d71ec0ca0654c2
- Deposit or zone
- Ying Mines
- Mining method
- underground
Resource Data
- Category
- proven
- Tonnes
- 1410000
- Grade
- 0.29
- Grade Unit
- g/t
- Cutoff Grade
- 180
- Cutoff Unit
- g/t AgEq
Prior Estimate
- Resource Date
- 2025-12-31
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-06-12T00:00:00.000Z
Reasoning: Proven Reserves for silver show strong tonnage growth but a notable decrease in grade and contained metal, which is a mixed signal. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Significant increase in Proven Reserve tonnes (+45%).
- NI 43-101 compliant and QP signed.
Negative factors
- Proven Reserve grades for silver decreased by 20% compared to the prior estimate.
- Contained silver in Proven Reserves decreased compared to prior estimate.
Evidence · table
“0.29”
Context: 1.41
Tags used in scoring
Proven Reservepositive
Measured Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "proven"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
provenYing Mining District · silverTonnes: 1410000Grade: 181Grade Unit: g/tView all detailsHide details
Identity
- Project
- Ying Mining District
- Commodity
- silver
- Region
- china
- Reported Region
- Henan Province, People's Republic of China
- Ticker
- SVM
Resource scope
- Estimate type
- reserve
- Effective date
- 2025-12-31T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- HA Smith, GK Vartell, S Robinson, RC Stewart, JE Glanvill, A Wilkins, B Nielsen, M Kent, R Carlson, RJ Chesher, D Claffey
- Resource group id
- resource:305262d71ec0ca0654c2
- Deposit or zone
- Ying Mines
- Mining method
- underground
Resource Data
- Category
- proven
- Tonnes
- 1410000
- Grade
- 181
- Grade Unit
- g/t
- Cutoff Grade
- 180
- Cutoff Unit
- g/t AgEq
Prior Estimate
- Resource Date
- 2025-12-31
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-06-12T00:00:00.000Z
Reasoning: Proven Reserves for silver show strong tonnage growth but a notable decrease in grade and contained metal, which is a mixed signal. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Significant increase in Proven Reserve tonnes (+45%).
- NI 43-101 compliant and QP signed.
Negative factors
- Proven Reserve grades for silver decreased by 20% compared to the prior estimate.
- Contained silver in Proven Reserves decreased compared to prior estimate.
Evidence · table
“181”
Context: 1.41
Tags used in scoring
Proven Reservepositive
Measured Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "proven"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
provenYing Mining District · leadTonnes: 1410000Grade: 1.37Grade Unit: %View all detailsHide details
Identity
- Project
- Ying Mining District
- Commodity
- lead
- Region
- china
- Reported Region
- Henan Province, People's Republic of China
- Ticker
- SVM
Resource scope
- Estimate type
- reserve
- Effective date
- 2025-12-31T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- HA Smith, GK Vartell, S Robinson, RC Stewart, JE Glanvill, A Wilkins, B Nielsen, M Kent, R Carlson, RJ Chesher, D Claffey
- Resource group id
- resource:305262d71ec0ca0654c2
- Deposit or zone
- Ying Mines
- Mining method
- underground
Resource Data
- Category
- proven
- Tonnes
- 1410000
- Grade
- 1.37
- Grade Unit
- %
- Cutoff Grade
- 180
- Cutoff Unit
- g/t AgEq
Prior Estimate
- Resource Date
- 2025-12-31
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-06-12T00:00:00.000Z
Reasoning: Proven Reserves for silver show strong tonnage growth but a notable decrease in grade and contained metal, which is a mixed signal. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Significant increase in Proven Reserve tonnes (+45%).
- NI 43-101 compliant and QP signed.
Negative factors
- Proven Reserve grades for silver decreased by 20% compared to the prior estimate.
- Contained silver in Proven Reserves decreased compared to prior estimate.
Evidence · table
“1.37”
Context: 1.41
Tags used in scoring
Proven Reservepositive
Measured Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "proven"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
provenYing Mining District · copperTonnes: 1410000Grade: 0.13Grade Unit: %View all detailsHide details
Identity
- Project
- Ying Mining District
- Commodity
- copper
- Region
- china
- Reported Region
- Henan Province, People's Republic of China
- Ticker
- SVM
Resource scope
- Estimate type
- reserve
- Effective date
- 2025-12-31T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- HA Smith, GK Vartell, S Robinson, RC Stewart, JE Glanvill, A Wilkins, B Nielsen, M Kent, R Carlson, RJ Chesher, D Claffey
- Resource group id
- resource:305262d71ec0ca0654c2
- Deposit or zone
- Ying Mines
- Mining method
- underground
Resource Data
- Category
- proven
- Tonnes
- 1410000
- Grade
- 0.13
- Grade Unit
- %
- Cutoff Grade
- 180
- Cutoff Unit
- g/t AgEq
Prior Estimate
- Resource Date
- 2025-12-31
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-06-12T00:00:00.000Z
Reasoning: Proven Reserves for silver show strong tonnage growth but a notable decrease in grade and contained metal, which is a mixed signal. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Significant increase in Proven Reserve tonnes (+45%).
- NI 43-101 compliant and QP signed.
Negative factors
- Proven Reserve grades for silver decreased by 20% compared to the prior estimate.
- Contained silver in Proven Reserves decreased compared to prior estimate.
Evidence · table
“0.13”
Context: 1.41
Tags used in scoring
Proven Reservepositive
Measured Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "proven"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
probableYing Mining District · goldTonnes: 1060000Grade: 0.5Grade Unit: g/tView all detailsHide details
Identity
- Project
- Ying Mining District
- Commodity
- gold
- Region
- china
- Reported Region
- Henan Province, People's Republic of China
- Ticker
- SVM
Resource scope
- Estimate type
- reserve
- Effective date
- 2025-12-31T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- HA Smith, GK Vartell, S Robinson, RC Stewart, JE Glanvill, A Wilkins, B Nielsen, M Kent, R Carlson, RJ Chesher, D Claffey
- Resource group id
- resource:964d721b9f864ac39d2a
- Deposit or zone
- Ying Mines
- Mining method
- underground
Resource Data
- Category
- probable
- Tonnes
- 1060000
- Grade
- 0.5
- Grade Unit
- g/t
- Cutoff Grade
- 155
- Cutoff Unit
- g/t AgEq
Prior Estimate
- Resource Date
- 2025-12-31
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-06-12T00:00:00.000Z
Reasoning: Probable Reserves for silver show strong tonnage growth but a notable decrease in grade and contained metal, which is a mixed signal. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Significant increase in Probable Reserve tonnes (+55%).
- NI 43-101 compliant and QP signed.
Negative factors
- Probable Reserve grades for silver decreased by 20% compared to the prior estimate.
- Contained silver in Probable Reserves decreased compared to prior estimate.
Evidence · table
“0.50”
Context: 1.06
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
probableYing Mining District · silverTonnes: 1060000Grade: 152Grade Unit: g/tView all detailsHide details
Identity
- Project
- Ying Mining District
- Commodity
- silver
- Region
- china
- Reported Region
- Henan Province, People's Republic of China
- Ticker
- SVM
Resource scope
- Estimate type
- reserve
- Effective date
- 2025-12-31T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- HA Smith, GK Vartell, S Robinson, RC Stewart, JE Glanvill, A Wilkins, B Nielsen, M Kent, R Carlson, RJ Chesher, D Claffey
- Resource group id
- resource:964d721b9f864ac39d2a
- Deposit or zone
- Ying Mines
- Mining method
- underground
Resource Data
- Category
- probable
- Tonnes
- 1060000
- Grade
- 152
- Grade Unit
- g/t
- Cutoff Grade
- 155
- Cutoff Unit
- g/t AgEq
Prior Estimate
- Resource Date
- 2025-12-31
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-06-12T00:00:00.000Z
Reasoning: Probable Reserves for silver show strong tonnage growth but a notable decrease in grade and contained metal, which is a mixed signal. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Significant increase in Probable Reserve tonnes (+55%).
- NI 43-101 compliant and QP signed.
Negative factors
- Probable Reserve grades for silver decreased by 20% compared to the prior estimate.
- Contained silver in Probable Reserves decreased compared to prior estimate.
Evidence · table
“152”
Context: 1.06
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
probableYing Mining District · leadTonnes: 1060000Grade: 1.23Grade Unit: %View all detailsHide details
Identity
- Project
- Ying Mining District
- Commodity
- lead
- Region
- china
- Reported Region
- Henan Province, People's Republic of China
- Ticker
- SVM
Resource scope
- Estimate type
- reserve
- Effective date
- 2025-12-31T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- HA Smith, GK Vartell, S Robinson, RC Stewart, JE Glanvill, A Wilkins, B Nielsen, M Kent, R Carlson, RJ Chesher, D Claffey
- Resource group id
- resource:964d721b9f864ac39d2a
- Deposit or zone
- Ying Mines
- Mining method
- underground
Resource Data
- Category
- probable
- Tonnes
- 1060000
- Grade
- 1.23
- Grade Unit
- %
- Cutoff Grade
- 155
- Cutoff Unit
- g/t AgEq
Prior Estimate
- Resource Date
- 2025-12-31
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-06-12T00:00:00.000Z
Reasoning: Probable Reserves for silver show strong tonnage growth but a notable decrease in grade and contained metal, which is a mixed signal. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Significant increase in Probable Reserve tonnes (+55%).
- NI 43-101 compliant and QP signed.
Negative factors
- Probable Reserve grades for silver decreased by 20% compared to the prior estimate.
- Contained silver in Probable Reserves decreased compared to prior estimate.
Evidence · table
“1.23”
Context: 1.06
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
probableYing Mining District · copperTonnes: 1060000Grade: 0.09Grade Unit: %View all detailsHide details
Identity
- Project
- Ying Mining District
- Commodity
- copper
- Region
- china
- Reported Region
- Henan Province, People's Republic of China
- Ticker
- SVM
Resource scope
- Estimate type
- reserve
- Effective date
- 2025-12-31T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- HA Smith, GK Vartell, S Robinson, RC Stewart, JE Glanvill, A Wilkins, B Nielsen, M Kent, R Carlson, RJ Chesher, D Claffey
- Resource group id
- resource:964d721b9f864ac39d2a
- Deposit or zone
- Ying Mines
- Mining method
- underground
Resource Data
- Category
- probable
- Tonnes
- 1060000
- Grade
- 0.09
- Grade Unit
- %
- Cutoff Grade
- 155
- Cutoff Unit
- g/t AgEq
Prior Estimate
- Resource Date
- 2025-12-31
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-06-12T00:00:00.000Z
Reasoning: Probable Reserves for silver show strong tonnage growth but a notable decrease in grade and contained metal, which is a mixed signal. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Significant increase in Probable Reserve tonnes (+55%).
- NI 43-101 compliant and QP signed.
Negative factors
- Probable Reserve grades for silver decreased by 20% compared to the prior estimate.
- Contained silver in Probable Reserves decreased compared to prior estimate.
Evidence · table
“0.09”
Context: 1.06
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
probableYing Mining District · goldTonnes: 2480000Grade: 0.38Grade Unit: g/tView all detailsHide details
Identity
- Project
- Ying Mining District
- Commodity
- gold
- Region
- china
- Reported Region
- Henan Province, People's Republic of China
- Ticker
- SVM
Resource scope
- Estimate type
- reserve
- Effective date
- 2025-12-31T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- HA Smith, GK Vartell, S Robinson, RC Stewart, JE Glanvill, A Wilkins, B Nielsen, M Kent, R Carlson, RJ Chesher, D Claffey
- Resource group id
- resource:a697359ce24419f784e2
- Deposit or zone
- Ying Mines
- Mining method
- underground
Resource Data
- Category
- probable
- Tonnes
- 2480000
- Grade
- 0.38
- Grade Unit
- g/t
- Cutoff Grade
- 155
- Cutoff Unit
- g/t AgEq
Prior Estimate
- Resource Date
- 2025-12-31
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-06-12T00:00:00.000Z
Reasoning: Probable Reserves for silver show strong tonnage growth but a notable decrease in grade and contained metal, which is a mixed signal. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Significant increase in Probable Reserve tonnes (+55%).
- NI 43-101 compliant and QP signed.
Negative factors
- Probable Reserve grades for silver decreased by 20% compared to the prior estimate.
- Contained silver in Probable Reserves decreased compared to prior estimate.
Evidence · table
“0.38”
Context: 2.48
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
probableYing Mining District · silverTonnes: 2480000Grade: 168Grade Unit: g/tView all detailsHide details
Identity
- Project
- Ying Mining District
- Commodity
- silver
- Region
- china
- Reported Region
- Henan Province, People's Republic of China
- Ticker
- SVM
Resource scope
- Estimate type
- reserve
- Effective date
- 2025-12-31T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- HA Smith, GK Vartell, S Robinson, RC Stewart, JE Glanvill, A Wilkins, B Nielsen, M Kent, R Carlson, RJ Chesher, D Claffey
- Resource group id
- resource:a697359ce24419f784e2
- Deposit or zone
- Ying Mines
- Mining method
- underground
Resource Data
- Category
- probable
- Tonnes
- 2480000
- Grade
- 168
- Grade Unit
- g/t
- Cutoff Grade
- 155
- Cutoff Unit
- g/t AgEq
Prior Estimate
- Resource Date
- 2025-12-31
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-06-12T00:00:00.000Z
Reasoning: Probable Reserves for silver show strong tonnage growth but a notable decrease in grade and contained metal, which is a mixed signal. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Significant increase in Probable Reserve tonnes (+55%).
- NI 43-101 compliant and QP signed.
Negative factors
- Probable Reserve grades for silver decreased by 20% compared to the prior estimate.
- Contained silver in Probable Reserves decreased compared to prior estimate.
Evidence · table
“168”
Context: 2.48
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
probableYing Mining District · leadTonnes: 2480000Grade: 1.31Grade Unit: %View all detailsHide details
Identity
- Project
- Ying Mining District
- Commodity
- lead
- Region
- china
- Reported Region
- Henan Province, People's Republic of China
- Ticker
- SVM
Resource scope
- Estimate type
- reserve
- Effective date
- 2025-12-31T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- HA Smith, GK Vartell, S Robinson, RC Stewart, JE Glanvill, A Wilkins, B Nielsen, M Kent, R Carlson, RJ Chesher, D Claffey
- Resource group id
- resource:a697359ce24419f784e2
- Deposit or zone
- Ying Mines
- Mining method
- underground
Resource Data
- Category
- probable
- Tonnes
- 2480000
- Grade
- 1.31
- Grade Unit
- %
- Cutoff Grade
- 155
- Cutoff Unit
- g/t AgEq
Prior Estimate
- Resource Date
- 2025-12-31
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-06-12T00:00:00.000Z
Reasoning: Probable Reserves for silver show strong tonnage growth but a notable decrease in grade and contained metal, which is a mixed signal. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Significant increase in Probable Reserve tonnes (+55%).
- NI 43-101 compliant and QP signed.
Negative factors
- Probable Reserve grades for silver decreased by 20% compared to the prior estimate.
- Contained silver in Probable Reserves decreased compared to prior estimate.
Evidence · table
“1.31”
Context: 2.48
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
probableYing Mining District · copperTonnes: 2480000Grade: 0.11Grade Unit: %View all detailsHide details
Identity
- Project
- Ying Mining District
- Commodity
- copper
- Region
- china
- Reported Region
- Henan Province, People's Republic of China
- Ticker
- SVM
Resource scope
- Estimate type
- reserve
- Effective date
- 2025-12-31T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- HA Smith, GK Vartell, S Robinson, RC Stewart, JE Glanvill, A Wilkins, B Nielsen, M Kent, R Carlson, RJ Chesher, D Claffey
- Resource group id
- resource:a697359ce24419f784e2
- Deposit or zone
- Ying Mines
- Mining method
- underground
Resource Data
- Category
- probable
- Tonnes
- 2480000
- Grade
- 0.11
- Grade Unit
- %
- Cutoff Grade
- 155
- Cutoff Unit
- g/t AgEq
Prior Estimate
- Resource Date
- 2025-12-31
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-06-12T00:00:00.000Z
Reasoning: Probable Reserves for silver show strong tonnage growth but a notable decrease in grade and contained metal, which is a mixed signal. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Significant increase in Probable Reserve tonnes (+55%).
- NI 43-101 compliant and QP signed.
Negative factors
- Probable Reserve grades for silver decreased by 20% compared to the prior estimate.
- Contained silver in Probable Reserves decreased compared to prior estimate.
Evidence · table
“0.11”
Context: 2.48
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
provenYing Mining District · goldTonnes: 150000Grade: 1.64Grade Unit: g/tView all detailsHide details
Identity
- Project
- Ying Mining District
- Commodity
- gold
- Region
- china
- Reported Region
- Henan Province, People's Republic of China
- Ticker
- SVM
Resource scope
- Estimate type
- reserve
- Effective date
- 2025-12-31T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- HA Smith, GK Vartell, S Robinson, RC Stewart, JE Glanvill, A Wilkins, B Nielsen, M Kent, R Carlson, RJ Chesher, D Claffey
- Resource group id
- resource:f67ed31883075e858153
- Deposit or zone
- Ying Mines
- Mining method
- underground
Resource Data
- Category
- proven
- Tonnes
- 150000
- Grade
- 1.64
- Grade Unit
- g/t
- Cutoff Grade
- 180
- Cutoff Unit
- g/t AgEq
Prior Estimate
- Resource Date
- 2025-12-31
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-06-12T00:00:00.000Z
Reasoning: Proven Reserves for silver show strong tonnage growth but a notable decrease in grade and contained metal, which is a mixed signal. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Significant increase in Proven Reserve tonnes (+45%).
- NI 43-101 compliant and QP signed.
Negative factors
- Proven Reserve grades for silver decreased by 20% compared to the prior estimate.
- Contained silver in Proven Reserves decreased compared to prior estimate.
Evidence · table
“1.64”
Context: 0.15
Tags used in scoring
Proven Reservepositive
Measured Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "proven"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
provenYing Mining District · silverTonnes: 150000Grade: 44Grade Unit: g/tView all detailsHide details
Identity
- Project
- Ying Mining District
- Commodity
- silver
- Region
- china
- Reported Region
- Henan Province, People's Republic of China
- Ticker
- SVM
Resource scope
- Estimate type
- reserve
- Effective date
- 2025-12-31T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- HA Smith, GK Vartell, S Robinson, RC Stewart, JE Glanvill, A Wilkins, B Nielsen, M Kent, R Carlson, RJ Chesher, D Claffey
- Resource group id
- resource:f67ed31883075e858153
- Deposit or zone
- Ying Mines
- Mining method
- underground
Resource Data
- Category
- proven
- Tonnes
- 150000
- Grade
- 44
- Grade Unit
- g/t
- Cutoff Grade
- 180
- Cutoff Unit
- g/t AgEq
Prior Estimate
- Resource Date
- 2025-12-31
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-06-12T00:00:00.000Z
Reasoning: Proven Reserves for silver show strong tonnage growth but a notable decrease in grade and contained metal, which is a mixed signal. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Significant increase in Proven Reserve tonnes (+45%).
- NI 43-101 compliant and QP signed.
Negative factors
- Proven Reserve grades for silver decreased by 20% compared to the prior estimate.
- Contained silver in Proven Reserves decreased compared to prior estimate.
Evidence · table
“44”
Context: 0.15
Tags used in scoring
Proven Reservepositive
Measured Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "proven"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
provenYing Mining District · leadTonnes: 150000Grade: 0.46Grade Unit: %View all detailsHide details
Identity
- Project
- Ying Mining District
- Commodity
- lead
- Region
- china
- Reported Region
- Henan Province, People's Republic of China
- Ticker
- SVM
Resource scope
- Estimate type
- reserve
- Effective date
- 2025-12-31T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- HA Smith, GK Vartell, S Robinson, RC Stewart, JE Glanvill, A Wilkins, B Nielsen, M Kent, R Carlson, RJ Chesher, D Claffey
- Resource group id
- resource:f67ed31883075e858153
- Deposit or zone
- Ying Mines
- Mining method
- underground
Resource Data
- Category
- proven
- Tonnes
- 150000
- Grade
- 0.46
- Grade Unit
- %
- Cutoff Grade
- 180
- Cutoff Unit
- g/t AgEq
Prior Estimate
- Resource Date
- 2025-12-31
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-06-12T00:00:00.000Z
Reasoning: Proven Reserves for silver show strong tonnage growth but a notable decrease in grade and contained metal, which is a mixed signal. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Significant increase in Proven Reserve tonnes (+45%).
- NI 43-101 compliant and QP signed.
Negative factors
- Proven Reserve grades for silver decreased by 20% compared to the prior estimate.
- Contained silver in Proven Reserves decreased compared to prior estimate.
Evidence · table
“0.46”
Context: 0.15
Tags used in scoring
Proven Reservepositive
Measured Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "proven"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
probableYing Mining District · goldTonnes: 210000Grade: 0.66Grade Unit: g/tView all detailsHide details
Identity
- Project
- Ying Mining District
- Commodity
- gold
- Region
- china
- Reported Region
- Henan Province, People's Republic of China
- Ticker
- SVM
Resource scope
- Estimate type
- reserve
- Effective date
- 2025-12-31T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- HA Smith, GK Vartell, S Robinson, RC Stewart, JE Glanvill, A Wilkins, B Nielsen, M Kent, R Carlson, RJ Chesher, D Claffey
- Resource group id
- resource:2287b50ffd4a19154b2e
- Deposit or zone
- Ying Mines
- Mining method
- underground
Resource Data
- Category
- probable
- Tonnes
- 210000
- Grade
- 0.66
- Grade Unit
- g/t
- Cutoff Grade
- 155
- Cutoff Unit
- g/t AgEq
Prior Estimate
- Resource Date
- 2025-12-31
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-06-12T00:00:00.000Z
Reasoning: Probable Reserves for silver show strong tonnage growth but a notable decrease in grade and contained metal, which is a mixed signal. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Significant increase in Probable Reserve tonnes (+55%).
- NI 43-101 compliant and QP signed.
Negative factors
- Probable Reserve grades for silver decreased by 20% compared to the prior estimate.
- Contained silver in Probable Reserves decreased compared to prior estimate.
Evidence · table
“0.66”
Context: 0.21
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
probableYing Mining District · silverTonnes: 210000Grade: 158Grade Unit: g/tView all detailsHide details
Identity
- Project
- Ying Mining District
- Commodity
- silver
- Region
- china
- Reported Region
- Henan Province, People's Republic of China
- Ticker
- SVM
Resource scope
- Estimate type
- reserve
- Effective date
- 2025-12-31T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- HA Smith, GK Vartell, S Robinson, RC Stewart, JE Glanvill, A Wilkins, B Nielsen, M Kent, R Carlson, RJ Chesher, D Claffey
- Resource group id
- resource:2287b50ffd4a19154b2e
- Deposit or zone
- Ying Mines
- Mining method
- underground
Resource Data
- Category
- probable
- Tonnes
- 210000
- Grade
- 158
- Grade Unit
- g/t
- Cutoff Grade
- 155
- Cutoff Unit
- g/t AgEq
Prior Estimate
- Resource Date
- 2025-12-31
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-06-12T00:00:00.000Z
Reasoning: Probable Reserves for silver show strong tonnage growth but a notable decrease in grade and contained metal, which is a mixed signal. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Significant increase in Probable Reserve tonnes (+55%).
- NI 43-101 compliant and QP signed.
Negative factors
- Probable Reserve grades for silver decreased by 20% compared to the prior estimate.
- Contained silver in Probable Reserves decreased compared to prior estimate.
Evidence · table
“158”
Context: 0.21
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
probableYing Mining District · leadTonnes: 210000Grade: 1.12Grade Unit: %View all detailsHide details
Identity
- Project
- Ying Mining District
- Commodity
- lead
- Region
- china
- Reported Region
- Henan Province, People's Republic of China
- Ticker
- SVM
Resource scope
- Estimate type
- reserve
- Effective date
- 2025-12-31T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- HA Smith, GK Vartell, S Robinson, RC Stewart, JE Glanvill, A Wilkins, B Nielsen, M Kent, R Carlson, RJ Chesher, D Claffey
- Resource group id
- resource:2287b50ffd4a19154b2e
- Deposit or zone
- Ying Mines
- Mining method
- underground
Resource Data
- Category
- probable
- Tonnes
- 210000
- Grade
- 1.12
- Grade Unit
- %
- Cutoff Grade
- 155
- Cutoff Unit
- g/t AgEq
Prior Estimate
- Resource Date
- 2025-12-31
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-06-12T00:00:00.000Z
Reasoning: Probable Reserves for silver show strong tonnage growth but a notable decrease in grade and contained metal, which is a mixed signal. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Significant increase in Probable Reserve tonnes (+55%).
- NI 43-101 compliant and QP signed.
Negative factors
- Probable Reserve grades for silver decreased by 20% compared to the prior estimate.
- Contained silver in Probable Reserves decreased compared to prior estimate.
Evidence · table
“1.12”
Context: 0.21
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
probableYing Mining District · goldTonnes: 360000Grade: 1.5Grade Unit: g/tView all detailsHide details
Identity
- Project
- Ying Mining District
- Commodity
- gold
- Region
- china
- Reported Region
- Henan Province, People's Republic of China
- Ticker
- SVM
Resource scope
- Estimate type
- reserve
- Effective date
- 2025-12-31T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- HA Smith, GK Vartell, S Robinson, RC Stewart, JE Glanvill, A Wilkins, B Nielsen, M Kent, R Carlson, RJ Chesher, D Claffey
- Resource group id
- resource:2d0410cccf4c967c76ec
- Deposit or zone
- Ying Mines
- Mining method
- underground
Resource Data
- Category
- probable
- Tonnes
- 360000
- Grade
- 1.5
- Grade Unit
- g/t
- Cutoff Grade
- 155
- Cutoff Unit
- g/t AgEq
Prior Estimate
- Resource Date
- 2025-12-31
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-06-12T00:00:00.000Z
Reasoning: Probable Reserves for silver show strong tonnage growth but a notable decrease in grade and contained metal, which is a mixed signal. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Significant increase in Probable Reserve tonnes (+55%).
- NI 43-101 compliant and QP signed.
Negative factors
- Probable Reserve grades for silver decreased by 20% compared to the prior estimate.
- Contained silver in Probable Reserves decreased compared to prior estimate.
Evidence · table
“1.50”
Context: 0.36
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
probableYing Mining District · silverTonnes: 360000Grade: 33Grade Unit: g/tView all detailsHide details
Identity
- Project
- Ying Mining District
- Commodity
- silver
- Region
- china
- Reported Region
- Henan Province, People's Republic of China
- Ticker
- SVM
Resource scope
- Estimate type
- reserve
- Effective date
- 2025-12-31T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- HA Smith, GK Vartell, S Robinson, RC Stewart, JE Glanvill, A Wilkins, B Nielsen, M Kent, R Carlson, RJ Chesher, D Claffey
- Resource group id
- resource:2d0410cccf4c967c76ec
- Deposit or zone
- Ying Mines
- Mining method
- underground
Resource Data
- Category
- probable
- Tonnes
- 360000
- Grade
- 33
- Grade Unit
- g/t
- Cutoff Grade
- 155
- Cutoff Unit
- g/t AgEq
Prior Estimate
- Resource Date
- 2025-12-31
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-06-12T00:00:00.000Z
Reasoning: Probable Reserves for silver show strong tonnage growth but a notable decrease in grade and contained metal, which is a mixed signal. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Significant increase in Probable Reserve tonnes (+55%).
- NI 43-101 compliant and QP signed.
Negative factors
- Probable Reserve grades for silver decreased by 20% compared to the prior estimate.
- Contained silver in Probable Reserves decreased compared to prior estimate.
Evidence · table
“33”
Context: 0.36
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
probableYing Mining District · leadTonnes: 360000Grade: 1.08Grade Unit: %View all detailsHide details
Identity
- Project
- Ying Mining District
- Commodity
- lead
- Region
- china
- Reported Region
- Henan Province, People's Republic of China
- Ticker
- SVM
Resource scope
- Estimate type
- reserve
- Effective date
- 2025-12-31T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- HA Smith, GK Vartell, S Robinson, RC Stewart, JE Glanvill, A Wilkins, B Nielsen, M Kent, R Carlson, RJ Chesher, D Claffey
- Resource group id
- resource:2d0410cccf4c967c76ec
- Deposit or zone
- Ying Mines
- Mining method
- underground
Resource Data
- Category
- probable
- Tonnes
- 360000
- Grade
- 1.08
- Grade Unit
- %
- Cutoff Grade
- 155
- Cutoff Unit
- g/t AgEq
Prior Estimate
- Resource Date
- 2025-12-31
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-06-12T00:00:00.000Z
Reasoning: Probable Reserves for silver show strong tonnage growth but a notable decrease in grade and contained metal, which is a mixed signal. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Significant increase in Probable Reserve tonnes (+55%).
- NI 43-101 compliant and QP signed.
Negative factors
- Probable Reserve grades for silver decreased by 20% compared to the prior estimate.
- Contained silver in Probable Reserves decreased compared to prior estimate.
Evidence · table
“1.08”
Context: 0.36
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
probableYing Mining District · zincTonnes: 210000Grade: 2.2Grade Unit: %View all detailsHide details
Identity
- Project
- Ying Mining District
- Commodity
- zinc
- Region
- china
- Reported Region
- Henan Province, People's Republic of China
- Ticker
- SVM
Resource scope
- Estimate type
- reserve
- Effective date
- 2025-12-31T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- HA Smith, GK Vartell, S Robinson, RC Stewart, JE Glanvill, A Wilkins, B Nielsen, M Kent, R Carlson, RJ Chesher, D Claffey
- Resource group id
- resource:2287b50ffd4a19154b2e
- Deposit or zone
- Ying Mines
- Mining method
- underground
Resource Data
- Category
- probable
- Tonnes
- 210000
- Grade
- 2.2
- Grade Unit
- %
- Cutoff Grade
- 155
- Cutoff Unit
- g/t AgEq
Prior Estimate
- Resource Date
- 2025-12-31
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-06-12T00:00:00.000Z
Reasoning: Probable Reserves for silver show strong tonnage growth but a notable decrease in grade and contained metal, which is a mixed signal. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Significant increase in Probable Reserve tonnes (+55%).
- NI 43-101 compliant and QP signed.
Negative factors
- Probable Reserve grades for silver decreased by 20% compared to the prior estimate.
- Contained silver in Probable Reserves decreased compared to prior estimate.
Evidence · table
“2.20”
Context: 0.21
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
probableYing Mining District · goldTonnes: 19080000Grade: 0.17Grade Unit: g/tView all detailsHide details
Identity
- Project
- Ying Mining District
- Commodity
- gold
- Region
- china
- Reported Region
- Henan Province, People's Republic of China
- Ticker
- SVM
Resource scope
- Estimate type
- reserve
- Effective date
- 2025-12-31T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- HA Smith, GK Vartell, S Robinson, RC Stewart, JE Glanvill, A Wilkins, B Nielsen, M Kent, R Carlson, RJ Chesher, D Claffey
- Resource group id
- resource:6fec0d81aa676142e5f0
- Mining method
- underground
Resource Data
- Category
- probable
- Tonnes
- 19080000
- Grade
- 0.17
- Grade Unit
- g/t
- Cutoff Grade
- 155
- Cutoff Unit
- g/t AgEq
Prior Estimate
- Resource Date
- 2025-12-31
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-06-12T00:00:00.000Z
Reasoning: Probable Reserves for silver show strong tonnage growth but a notable decrease in grade and contained metal, which is a mixed signal. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Significant increase in Probable Reserve tonnes (+55%).
- NI 43-101 compliant and QP signed.
Negative factors
- Probable Reserve grades for silver decreased by 20% compared to the prior estimate.
- Contained silver in Probable Reserves decreased compared to prior estimate.
Evidence · table
“0.17”
Context: 19.08
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
probableYing Mining District · silverTonnes: 19080000Grade: 174Grade Unit: g/tView all detailsHide details
Identity
- Project
- Ying Mining District
- Commodity
- silver
- Region
- china
- Reported Region
- Henan Province, People's Republic of China
- Ticker
- SVM
Resource scope
- Estimate type
- reserve
- Effective date
- 2025-12-31T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- HA Smith, GK Vartell, S Robinson, RC Stewart, JE Glanvill, A Wilkins, B Nielsen, M Kent, R Carlson, RJ Chesher, D Claffey
- Resource group id
- resource:6fec0d81aa676142e5f0
- Mining method
- underground
Resource Data
- Category
- probable
- Tonnes
- 19080000
- Grade
- 174
- Grade Unit
- g/t
- Cutoff Grade
- 155
- Cutoff Unit
- g/t AgEq
Prior Estimate
- Resource Date
- 2025-12-31
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-06-12T00:00:00.000Z
Reasoning: Probable Reserves for silver show strong tonnage growth but a notable decrease in grade and contained metal, which is a mixed signal. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Significant increase in Probable Reserve tonnes (+55%).
- NI 43-101 compliant and QP signed.
Negative factors
- Probable Reserve grades for silver decreased by 20% compared to the prior estimate.
- Contained silver in Probable Reserves decreased compared to prior estimate.
Evidence · table
“174”
Context: 19.08
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
probableYing Mining District · leadTonnes: 19080000Grade: 2.47Grade Unit: %View all detailsHide details
Identity
- Project
- Ying Mining District
- Commodity
- lead
- Region
- china
- Reported Region
- Henan Province, People's Republic of China
- Ticker
- SVM
Resource scope
- Estimate type
- reserve
- Effective date
- 2025-12-31T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- HA Smith, GK Vartell, S Robinson, RC Stewart, JE Glanvill, A Wilkins, B Nielsen, M Kent, R Carlson, RJ Chesher, D Claffey
- Resource group id
- resource:6fec0d81aa676142e5f0
- Mining method
- underground
Resource Data
- Category
- probable
- Tonnes
- 19080000
- Grade
- 2.47
- Grade Unit
- %
- Cutoff Grade
- 155
- Cutoff Unit
- g/t AgEq
Prior Estimate
- Resource Date
- 2025-12-31
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-06-12T00:00:00.000Z
Reasoning: Probable Reserves for silver show strong tonnage growth but a notable decrease in grade and contained metal, which is a mixed signal. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Significant increase in Probable Reserve tonnes (+55%).
- NI 43-101 compliant and QP signed.
Negative factors
- Probable Reserve grades for silver decreased by 20% compared to the prior estimate.
- Contained silver in Probable Reserves decreased compared to prior estimate.
Evidence · table
“2.47”
Context: 19.08
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
probableYing Mining District · zincTonnes: 19080000Grade: 0.8Grade Unit: %View all detailsHide details
Identity
- Project
- Ying Mining District
- Commodity
- zinc
- Region
- china
- Reported Region
- Henan Province, People's Republic of China
- Ticker
- SVM
Resource scope
- Estimate type
- reserve
- Effective date
- 2025-12-31T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- HA Smith, GK Vartell, S Robinson, RC Stewart, JE Glanvill, A Wilkins, B Nielsen, M Kent, R Carlson, RJ Chesher, D Claffey
- Resource group id
- resource:6fec0d81aa676142e5f0
- Mining method
- underground
Resource Data
- Category
- probable
- Tonnes
- 19080000
- Grade
- 0.8
- Grade Unit
- %
- Cutoff Grade
- 155
- Cutoff Unit
- g/t AgEq
Prior Estimate
- Resource Date
- 2025-12-31
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-06-12T00:00:00.000Z
Reasoning: Probable Reserves for silver show strong tonnage growth but a notable decrease in grade and contained metal, which is a mixed signal. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Significant increase in Probable Reserve tonnes (+55%).
- NI 43-101 compliant and QP signed.
Negative factors
- Probable Reserve grades for silver decreased by 20% compared to the prior estimate.
- Contained silver in Probable Reserves decreased compared to prior estimate.
Evidence · table
“0.80”
Context: 19.08
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
probableYing Mining District · copperTonnes: 19080000Grade: 0.04Grade Unit: %View all detailsHide details
Identity
- Project
- Ying Mining District
- Commodity
- copper
- Region
- china
- Reported Region
- Henan Province, People's Republic of China
- Ticker
- SVM
Resource scope
- Estimate type
- reserve
- Effective date
- 2025-12-31T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- HA Smith, GK Vartell, S Robinson, RC Stewart, JE Glanvill, A Wilkins, B Nielsen, M Kent, R Carlson, RJ Chesher, D Claffey
- Resource group id
- resource:6fec0d81aa676142e5f0
- Mining method
- underground
Resource Data
- Category
- probable
- Tonnes
- 19080000
- Grade
- 0.04
- Grade Unit
- %
- Cutoff Grade
- 155
- Cutoff Unit
- g/t AgEq
Prior Estimate
- Resource Date
- 2025-12-31
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-06-12T00:00:00.000Z
Reasoning: Probable Reserves for silver show strong tonnage growth but a notable decrease in grade and contained metal, which is a mixed signal. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Significant increase in Probable Reserve tonnes (+55%).
- NI 43-101 compliant and QP signed.
Negative factors
- Probable Reserve grades for silver decreased by 20% compared to the prior estimate.
- Contained silver in Probable Reserves decreased compared to prior estimate.
Evidence · table
“0.04”
Context: 19.08
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
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.