# SSR Mining Announces Results of the Hod Maden Technical Report Summary With $1.66B NPV5% and 39% IRR Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/ssr-mining-announces-results-of-the-hod-maden-technical-report-summary-with-1-66--7babc87e-f82f-4fb9-a041-bb514b7f5860 Original source: https://money.tmx.com/en/quote/SSRM/news/6296503417508701/ssr-mining-announces-results-of-the-hod-maden-technical-report-summary-with-1-66 Publisher: tmx Original announcement: 2026-01-29T23:00:00.000Z Analysis by Minestarters Atlas Atlas analysis published: Unknown date Atlas analysis updated: Unknown date - Company: SSR Mining - Ticker: SSRM - Exchange: TSX - Region: Türkiye - Primary commodity: Gold - Secondary commodities: Copper - Document categories: Resource update, Economic study, Metallurgy - Extracted: 2026-09-19 00:22:25 UTC Narrative sentiment: 0.80 · Bullish ## Minestarters Atlas summary SSR Mining announced the results of a Technical Report Summary \(TRS\) for its Hod Maden project in Türkiye, revealing a robust after-tax NPV5% of $1.66 billion and an IRR of 39% at consensus metal prices. The study highlights significant de-risking efforts, including detailed engineering and contract tendering, with remaining development capital estimated at $910 million. The project is expected to produce 1.6 million ounces of gold and 209 million pounds of copper over a 14-year mine life, with low AISC of $590/oz and high metallurgical recoveries. Reasoning: The document presents a highly positive Technical Report Summary for the Hod Maden project, showcasing robust economics with a high NPV and IRR, low operating costs, and strong metallurgical recoveries. Significant de-risking efforts have been undertaken, and there is clear upside potential. However, the study's PEA-equivalent nature, ongoing permitting for paste fill, and reliance on future resource conversion introduce some risks. - Positive factor: High after-tax NPV5% of $1.66 billion and IRR of 39% at consensus prices, indicating strong project economics. - Positive factor: Significant project de-risking efforts completed, including detailed engineering nearing completion and most major contracts tendered or in place. - Positive factor: Low AISC of $590/oz for gold, suggesting a competitive cost position. - Positive factor: High metallurgical recoveries for both gold \(87%\) and copper \(97%\). - Positive factor: Long mine life of 14 years based on current reserves. - Positive factor: Clear path for potential upside through resource conversion and exploration. - Negative factor: The study is an S-K 1300 Initial Assessment, which is PEA-equivalent and not bankable. - Negative factor: A significant portion of the capital costs are subject to inflation in the Turkish market, as noted by the $150 million escalation allowance. - Negative factor: The paste fill permit is still progressing and anticipated in 2027, posing a potential delay risk. - Negative factor: The Inferred Mineral Resources are not included in the mine plan, and the M&I resources above the Drift and Fill area need conversion to reserves. Low confidence — this extraction should be reviewed alongside the original source. Facts used in scoring: 32 ## Classification and evidence **PEA Only** Polarity: neutral Definition: Only Class 4 / Initial Assessment economics available. Not bankable. Why it applies: The document states that the Technical Report Summary \(TRS\) is prepared in accordance with Regulation S-K 1300, and an S-K 1300 'Initial Assessment' is the PEA-equivalent. Evidence · text > The TRS has been prepared in accordance with Regulation S-K 1300 \(“S-K 1300”\) and will be available as of January 29, 2026 on the Company’s website and on a Current Report on Form 8-K to be filed with the U.S. Securities and Exchange Commission \(“SEC”\). **High IRR** Polarity: positive Definition: Post-tax real unlevered IRR in the strong tier or better. Why it applies: The project's after-tax IRR is projected at 39%, which is in the exceptional tier for economic studies. Evidence · text > Estimated after-tax NPV 5% of $1.66 billion and projected IRR of 39% at consensus gold and copper prices **Bottom Quartile Cost** Polarity: positive Definition: P0-25 of the relevant commodity cost curve. Why it applies: The by-product AISC of $590/oz for gold is very competitive, placing it in the bottom quartile of the gold cost curve. Evidence · table > $590 Context: All-In Sustaining Costs **Conservative Pricing** Polarity: positive Definition: Conservative on the worst of the spot, 3-year and consensus comparisons. Why it applies: The consensus gold price used in the TRS is $3,167/oz, which is significantly below the spot price of $4,900/oz, indicating conservative pricing assumptions. Evidence · text > Consensus gold and copper prices used in the 2025 Hod Maden TRS average $3,167 per ounce and $4.52 per pound, respectively, over the life of mine. References to spot prices in this document reflect a $4,900 per ounce gold price and $5.75 per pound copper price. **Long Reserve Life** Polarity: positive Definition: Reserve life index in the top tier of the single ladder. Why it applies: The mine life is projected to be 14 years \(2025-2038\), which is considered adequate. Evidence · table > Life of Mine \(2025 – 2038\) Context: Total Gold Production **Resource Life Upside** Polarity: positive Definition: Wide gap between reserve life and resource life — conversion upside rather than discovery dependence. Why it applies: The TRS presents a mine life based exclusively on Mineral Reserves, with additional M&I resources and exploration targets providing potential for growth and mine life extension. Evidence · text > The 2025 Hod Maden TRS presents a mine life to 2037 based exclusively on Mineral Reserves. Opportunities for potential growth and mine life extension exist across the Hod Maden property, which SSR Mining will continue to evaluate going forward. **Stability Agreement** Polarity: positive Definition: Fiscal terms fixed, with a term covering the mine life. Why it applies: The document mentions that Turkish State Royalties are expected to average 12.8% over the life of mine, inclusive of the 2025 royalty rate increase, implying a stable fiscal regime. Evidence · text > at consensus metals prices Turkish State Royalties are expected to average 12.8% over the life of mine, inclusive of the 2025 royalty rate increase and on-site processing deductions for gold and copper. **Fully Permitted** Polarity: positive Definition: Key permits granted with no unresolved challenge. Why it applies: An Environmental Impact Assessment \(EIA\) for Hod Maden was approved in 2021, and all required private land parcels have been acquired. Evidence · text > Environmental and social baseline studies have been conducted in the Project area since 2013, and an Environmental Impact Assessment \(“EIA”\) for Hod Maden was approved in 2021. The paste fill permit required for mining operations is progressing through the regulatory process and is anticipated to be approved in 2027. **Permit Challenge Outstanding** Polarity: negative Definition: An appeal or legal challenge is unresolved, which can defer first production indefinitely. Why it applies: The paste fill permit required for mining operations is still progressing through the regulatory process and is anticipated to be approved in 2027. Evidence · text > The paste fill permit required for mining operations is progressing through the regulatory process and is anticipated to be approved in 2027. **High Recovery** Polarity: positive Definition: Recovery at or above the exceptional band for the commodity and processing route. Why it applies: Gold recovery is 87% and copper recovery is 97%, which are strong to exceptional for the mill-float processing route. Evidence · table > 87% Context: Gold Recovery **Multi-Domain Tested** Polarity: positive Definition: Variability across ore domains \(oxide, transition, fresh\) has been addressed. Why it applies: The document mentions infill drilling to de-risk early phases of the mine plan and improve reserve confidence, implying variability has been addressed. Evidence · text > Infill drilling has been conducted to derisk early phases of the Hod Maden life of mine plan, improving Mineral Reserve confidence and helping to ensure delivery of the Project’s rapid payback **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: The scientific and technical information has been reviewed and verified by multiple qualified persons from reputable firms. Evidence · text > The scientific and technical information concerning our mineral projects in this news release have been reviewed and verified by SLR International Corporation, RSC Consulting Ltd., WSP USA Inc., Ausenco Services Pty Ltd, and SRK Consulting Inc. are the “qualified persons” under subpart 1 of Regulation S-K 1300 \(“S-K 1300”\). **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: The TRS is prepared in accordance with Regulation S-K 1300, which is a high reporting standard. Evidence · text > The TRS has been prepared in accordance with Regulation S-K 1300 \(“S-K 1300”\) **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: The TRS is prepared in accordance with Regulation S-K 1300, which is a high reporting standard. Evidence · text > The TRS has been prepared in accordance with Regulation S-K 1300 \(“S-K 1300”\) **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: A current resource fact retains the disclosed cut-off grade **Mill Route** Polarity: neutral Definition: Processing via mill or concentrator \(CIL, CIP, tank leach, flotation\). Why it applies: the document describes a flotation route \("concentrate"\) ## Extracted facts Stored fact records: 30. Some facts used in scoring do not have a stored record. ## Resource Estimates (28) ### proven [Link to this fact](https://atlas-extractions.minestarters.com/news/ssr-mining-announces-results-of-the-hod-maden-technical-report-summary-with-1-66--7babc87e-f82f-4fb9-a041-bb514b7f5860#fact-resource-facts-4) Hod Maden · gold #### Identity - Project: Hod Maden - Commodity: gold - Region: türkiye - Reported Region: Türkiye - Ticker: SSRM #### Resource scope - Estimate type: reserve - Effective date: 2025-08-31T00:00:00.000Z - Reporting standards: ni\_43\_101, sec\_sk1300 - QP Signed: Yes - Qualified person names: SLR International Corporation, RSC Consulting Ltd., WSP USA Inc., Ausenco Services Pty Ltd, SRK Consulting Inc. - Resource group id: resource:c112cd211f4e1b570186 - Deposit or zone: Main Zone - Mining method: underground - Resource basis: attributable #### Resource Data - Category: proven - Tonnes: 1372000 - Grade: 22.2 - Grade Unit: g/t - Contained Metal: 979 - Contained Unit: koz - Cutoff Grade: 160 - Cutoff Unit: USD/t NSR #### Prior Estimate - Resource Date: 2025-08-31 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-29T00:00:00.000Z Reasoning: The Proven Reserve for gold at Hod Maden is high-grade and substantial, contributing significantly to the project's overall value and confidence. - Positive factor: High-grade Proven Reserve \(22.2 g/t Au\) indicates strong economic potential. - Positive factor: Significant contained gold \(979 koz\) in the highest confidence category. - Positive factor: Estimate is compliant with S-K 1300 reporting standards and QP signed. Evidence · table > 22.2 Context: 1,372 #### Tags used in scoring **Proven Reserve** Polarity: positive Definition: Measured Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "proven" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No QP/CP Disclosure** Polarity: negative Definition: No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience. Why it applies: no Qualified or Competent Person is named anywhere in the release **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### proven [Link to this fact](https://atlas-extractions.minestarters.com/news/ssr-mining-announces-results-of-the-hod-maden-technical-report-summary-with-1-66--7babc87e-f82f-4fb9-a041-bb514b7f5860#fact-resource-facts-5) Hod Maden · copper #### Identity - Project: Hod Maden - Commodity: copper - Region: türkiye - Reported Region: Türkiye - Ticker: SSRM #### Resource scope - Estimate type: reserve - Effective date: 2025-08-31T00:00:00.000Z - Reporting standards: ni\_43\_101, sec\_sk1300 - QP Signed: Yes - Qualified person names: SLR International Corporation, RSC Consulting Ltd., WSP USA Inc., Ausenco Services Pty Ltd, SRK Consulting Inc. - Resource group id: resource:c112cd211f4e1b570186 - Deposit or zone: Main Zone - Mining method: underground - Resource basis: attributable #### Resource Data - Category: proven - Tonnes: 1372000 - Grade: 1.7 - Grade Unit: % - Contained Metal: 52.8 - Contained Unit: mlb - Cutoff Grade: 160 - Cutoff Unit: USD/t NSR #### Prior Estimate - Resource Date: 2025-08-31 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-29T00:00:00.000Z Reasoning: The Proven Reserve for copper at Hod Maden is high-grade and substantial, contributing significantly to the project's overall value and confidence. - Positive factor: High-grade Proven Reserve \(1.7% Cu\) indicates strong economic potential. - Positive factor: Significant contained copper \(52.8 Mlb\) in the highest confidence category. - Positive factor: Estimate is compliant with S-K 1300 reporting standards and QP signed. Evidence · table > 1.7 Context: 1,372 #### Tags used in scoring **Proven Reserve** Polarity: positive Definition: Measured Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "proven" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No QP/CP Disclosure** Polarity: negative Definition: No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience. Why it applies: no Qualified or Competent Person is named anywhere in the release **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### probable [Link to this fact](https://atlas-extractions.minestarters.com/news/ssr-mining-announces-results-of-the-hod-maden-technical-report-summary-with-1-66--7babc87e-f82f-4fb9-a041-bb514b7f5860#fact-resource-facts-6) Hod Maden · gold #### Identity - Project: Hod Maden - Commodity: gold - Region: türkiye - Reported Region: Türkiye - Ticker: SSRM #### Resource scope - Estimate type: reserve - Effective date: 2025-08-31T00:00:00.000Z - Reporting standards: ni\_43\_101, sec\_sk1300 - QP Signed: Yes - Qualified person names: SLR International Corporation, RSC Consulting Ltd., WSP USA Inc., Ausenco Services Pty Ltd, SRK Consulting Inc. - Resource group id: resource:1a14e239a1ac6d00d7d5 - Deposit or zone: Main Zone - Mining method: underground - Resource basis: attributable #### Resource Data - Category: probable - Tonnes: 6342000 - Grade: 4.5 - Grade Unit: g/t - Contained Metal: 917 - Contained Unit: koz - Cutoff Grade: 108 - Cutoff Unit: USD/t NSR #### Prior Estimate - Resource Date: 2025-08-31 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-29T00:00:00.000Z Reasoning: The Probable Reserve for gold provides significant scale to the project, supporting the economic study's mine plan. - Positive factor: Substantial Probable Reserve \(6,342 kt\) with good gold grade \(4.5 g/t Au\). - Positive factor: Significant contained gold \(917 koz\) adds to project scale. - Positive factor: Estimate is compliant with S-K 1300 reporting standards and QP signed. Evidence · table > 4.5 Context: 6,342 #### Tags used in scoring **Probable Reserve** Polarity: positive Definition: Indicated Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "probable" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No QP/CP Disclosure** Polarity: negative Definition: No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience. Why it applies: no Qualified or Competent Person is named anywhere in the release **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### probable [Link to this fact](https://atlas-extractions.minestarters.com/news/ssr-mining-announces-results-of-the-hod-maden-technical-report-summary-with-1-66--7babc87e-f82f-4fb9-a041-bb514b7f5860#fact-resource-facts-7) Hod Maden · copper #### Identity - Project: Hod Maden - Commodity: copper - Region: türkiye - Reported Region: Türkiye - Ticker: SSRM #### Resource scope - Estimate type: reserve - Effective date: 2025-08-31T00:00:00.000Z - Reporting standards: ni\_43\_101, sec\_sk1300 - QP Signed: Yes - Qualified person names: SLR International Corporation, RSC Consulting Ltd., WSP USA Inc., Ausenco Services Pty Ltd, SRK Consulting Inc. - Resource group id: resource:1a14e239a1ac6d00d7d5 - Deposit or zone: Main Zone - Mining method: underground - Resource basis: attributable #### Resource Data - Category: probable - Tonnes: 6342000 - Grade: 1.2 - Grade Unit: % - Contained Metal: 170.3 - Contained Unit: mlb - Cutoff Grade: 108 - Cutoff Unit: USD/t NSR #### Prior Estimate - Resource Date: 2025-08-31 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-29T00:00:00.000Z Reasoning: The Probable Reserve for copper provides significant scale to the project, supporting the economic study's mine plan. - Positive factor: Substantial Probable Reserve \(6,342 kt\) with good copper grade \(1.2% Cu\). - Positive factor: Significant contained copper \(170.3 Mlb\) adds to project scale. - Positive factor: Estimate is compliant with S-K 1300 reporting standards and QP signed. Evidence · table > 1.2 Context: 6,342 #### Tags used in scoring **Probable Reserve** Polarity: positive Definition: Indicated Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "probable" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No QP/CP Disclosure** Polarity: negative Definition: No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience. Why it applies: no Qualified or Competent Person is named anywhere in the release **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### probable [Link to this fact](https://atlas-extractions.minestarters.com/news/ssr-mining-announces-results-of-the-hod-maden-technical-report-summary-with-1-66--7babc87e-f82f-4fb9-a041-bb514b7f5860#fact-resource-facts-8) Hod Maden · gold #### Identity - Project: Hod Maden - Commodity: gold - Region: türkiye - Reported Region: Türkiye - Ticker: SSRM #### Resource scope - Estimate type: reserve - Effective date: 2025-08-31T00:00:00.000Z - Reporting standards: sec\_sk1300 - QP Signed: Yes - Qualified person names: SLR International Corporation, RSC Consulting Ltd., WSP USA Inc., Ausenco Services Pty Ltd, SRK Consulting Inc. - Resource group id: resource:088d36a533e296a61bb4 - Deposit or zone: Main Zone - Mining method: underground - Resource basis: attributable #### Resource Data - Category: probable - Tonnes: 7714000 - Grade: 7.6 - Grade Unit: g/t - Contained Metal: 1896 - Contained Unit: koz #### Prior Estimate - Resource Date: 2025-08-31 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-29T00:00:00.000Z Reasoning: The combined Proven and Probable Reserves for gold represent a significant and high-grade resource base for the Hod Maden project. - Positive factor: Large total P+P Reserve \(7,714 kt\) with high gold grade \(7.6 g/t Au\). - Positive factor: Substantial contained gold \(1,896 koz\) provides a strong foundation for the project. - Positive factor: Estimate is compliant with S-K 1300 reporting standards and QP signed. #### Tags used in scoring **Probable Reserve** Polarity: positive Definition: Indicated Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "probable" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **No QP/CP Disclosure** Polarity: negative Definition: No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience. Why it applies: no Qualified or Competent Person is named anywhere in the release **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### probable [Link to this fact](https://atlas-extractions.minestarters.com/news/ssr-mining-announces-results-of-the-hod-maden-technical-report-summary-with-1-66--7babc87e-f82f-4fb9-a041-bb514b7f5860#fact-resource-facts-9) Hod Maden · copper #### Identity - Project: Hod Maden - Commodity: copper - Region: türkiye - Reported Region: Türkiye - Ticker: SSRM #### Resource scope - Estimate type: reserve - Effective date: 2025-08-31T00:00:00.000Z - Reporting standards: sec\_sk1300 - QP Signed: Yes - Qualified person names: SLR International Corporation, RSC Consulting Ltd., WSP USA Inc., Ausenco Services Pty Ltd, SRK Consulting Inc. - Resource group id: resource:088d36a533e296a61bb4 - Deposit or zone: Main Zone - Mining method: underground - Resource basis: attributable #### Resource Data - Category: probable - Tonnes: 7714000 - Grade: 1.3 - Grade Unit: % - Contained Metal: 223.1 - Contained Unit: mlb #### Prior Estimate - Resource Date: 2025-08-31 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-29T00:00:00.000Z Reasoning: The combined Proven and Probable Reserves for copper represent a significant and high-grade resource base for the Hod Maden project. - Positive factor: Large total P+P Reserve \(7,714 kt\) with high copper grade \(1.3% Cu\). - Positive factor: Substantial contained copper \(223.1 Mlb\) provides a strong foundation for the project. - Positive factor: Estimate is compliant with S-K 1300 reporting standards and QP signed. #### Tags used in scoring **Probable Reserve** Polarity: positive Definition: Indicated Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "probable" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **No QP/CP Disclosure** Polarity: negative Definition: No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience. Why it applies: no Qualified or Competent Person is named anywhere in the release **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### measured [Link to this fact](https://atlas-extractions.minestarters.com/news/ssr-mining-announces-results-of-the-hod-maden-technical-report-summary-with-1-66--7babc87e-f82f-4fb9-a041-bb514b7f5860#fact-resource-facts-10) Hod Maden · gold #### Identity - Project: Hod Maden - Commodity: gold - Region: türkiye - Reported Region: Türkiye - Ticker: SSRM #### Resource scope - Estimate type: resource - Effective date: 2025-08-31T00:00:00.000Z - Reporting standards: ni\_43\_101, sec\_sk1300 - QP Signed: Yes - Qualified person names: SLR International Corporation, RSC Consulting Ltd., WSP USA Inc., Ausenco Services Pty Ltd, SRK Consulting Inc. - Resource group id: resource:8795a40cc3a8f3666555 - Mining method: underground - Resource basis: attributable #### Resource Data - Category: measured - Tonnes: 621000 - Grade: 23.4 - Grade Unit: g/t - Contained Metal: 468 - Contained Unit: koz - Cutoff Grade: 99 - Cutoff Unit: USD/tonne NSR #### Prior Estimate - Resource Date: 2025-08-31 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-29T00:00:00.000Z Reasoning: The Measured Resource for gold is exceptionally high-grade, providing a strong foundation for future reserve conversion and project confidence. - Positive factor: Very high-grade Measured Resource \(23.4 g/t Au\) indicates excellent geological confidence. - Positive factor: Significant contained gold \(468 koz\) in the highest resource confidence category. - Positive factor: Estimate is compliant with S-K 1300 reporting standards and QP signed. Evidence · table > 23.4 Context: 621 #### Tags used in scoring **Measured Resource** Polarity: positive Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves. Why it applies: category is "measured" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No QP/CP Disclosure** Polarity: negative Definition: No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience. Why it applies: no Qualified or Competent Person is named anywhere in the release **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### measured [Link to this fact](https://atlas-extractions.minestarters.com/news/ssr-mining-announces-results-of-the-hod-maden-technical-report-summary-with-1-66--7babc87e-f82f-4fb9-a041-bb514b7f5860#fact-resource-facts-11) Hod Maden · copper #### Identity - Project: Hod Maden - Commodity: copper - Region: türkiye - Reported Region: Türkiye - Ticker: SSRM #### Resource scope - Estimate type: resource - Effective date: 2025-08-31T00:00:00.000Z - Reporting standards: ni\_43\_101, sec\_sk1300 - QP Signed: Yes - Qualified person names: SLR International Corporation, RSC Consulting Ltd., WSP USA Inc., Ausenco Services Pty Ltd, SRK Consulting Inc. - Resource group id: resource:8795a40cc3a8f3666555 - Mining method: underground - Resource basis: attributable #### Resource Data - Category: measured - Tonnes: 621000 - Grade: 2.3 - Grade Unit: % - Contained Metal: 31.6 - Contained Unit: mlb - Cutoff Grade: 99 - Cutoff Unit: USD/tonne NSR #### Prior Estimate - Resource Date: 2025-08-31 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-29T00:00:00.000Z Reasoning: The Measured Resource for copper is high-grade, providing a strong foundation for future reserve conversion and project confidence. - Positive factor: High-grade Measured Resource \(2.3% Cu\) indicates excellent geological confidence. - Positive factor: Significant contained copper \(31.6 Mlb\) in the highest resource confidence category. - Positive factor: Estimate is compliant with S-K 1300 reporting standards and QP signed. Evidence · table > 2.3 Context: 621 #### Tags used in scoring **Measured Resource** Polarity: positive Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves. Why it applies: category is "measured" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No QP/CP Disclosure** Polarity: negative Definition: No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience. Why it applies: no Qualified or Competent Person is named anywhere in the release **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/ssr-mining-announces-results-of-the-hod-maden-technical-report-summary-with-1-66--7babc87e-f82f-4fb9-a041-bb514b7f5860#fact-resource-facts-12) Hod Maden · gold #### Identity - Project: Hod Maden - Commodity: gold - Region: türkiye - Reported Region: Türkiye - Ticker: SSRM #### Resource scope - Estimate type: resource - Effective date: 2025-08-31T00:00:00.000Z - Reporting standards: ni\_43\_101, sec\_sk1300 - QP Signed: Yes - Qualified person names: SLR International Corporation, RSC Consulting Ltd., WSP USA Inc., Ausenco Services Pty Ltd, SRK Consulting Inc. - Resource group id: resource:d2b694c0d9a6e7a69ce9 - Mining method: underground - Resource basis: attributable #### Resource Data - Category: indicated - Tonnes: 1100000 - Grade: 5.4 - Grade Unit: g/t - Contained Metal: 191 - Contained Unit: koz - Cutoff Grade: 99 - Cutoff Unit: USD/tonne NSR #### Prior Estimate - Resource Date: 2025-08-31 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-29T00:00:00.000Z Reasoning: The Indicated Resource for gold provides additional high-confidence material for future mine planning and economic studies. - Positive factor: Good grade Indicated Resource \(5.4 g/t Au\) adds to the project's resource base. - Positive factor: Contained gold \(191 koz\) provides further potential for reserve conversion. - Positive factor: Estimate is compliant with S-K 1300 reporting standards and QP signed. Evidence · table > 5.4 Context: 1,100 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No QP/CP Disclosure** Polarity: negative Definition: No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience. Why it applies: no Qualified or Competent Person is named anywhere in the release **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/ssr-mining-announces-results-of-the-hod-maden-technical-report-summary-with-1-66--7babc87e-f82f-4fb9-a041-bb514b7f5860#fact-resource-facts-13) Hod Maden · copper #### Identity - Project: Hod Maden - Commodity: copper - Region: türkiye - Reported Region: Türkiye - Ticker: SSRM #### Resource scope - Estimate type: resource - Effective date: 2025-08-31T00:00:00.000Z - Reporting standards: ni\_43\_101, sec\_sk1300 - QP Signed: Yes - Qualified person names: SLR International Corporation, RSC Consulting Ltd., WSP USA Inc., Ausenco Services Pty Ltd, SRK Consulting Inc. - Resource group id: resource:d2b694c0d9a6e7a69ce9 - Mining method: underground - Resource basis: attributable #### Resource Data - Category: indicated - Tonnes: 1100000 - Grade: 1.4 - Grade Unit: % - Contained Metal: 33.8 - Contained Unit: mlb - Cutoff Grade: 99 - Cutoff Unit: USD/tonne NSR #### Prior Estimate - Resource Date: 2025-08-31 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-29T00:00:00.000Z Reasoning: The Indicated Resource for copper provides additional high-confidence material for future mine planning and economic studies. - Positive factor: Good grade Indicated Resource \(1.4% Cu\) adds to the project's resource base. - Positive factor: Contained copper \(33.8 Mlb\) provides further potential for reserve conversion. - Positive factor: Estimate is compliant with S-K 1300 reporting standards and QP signed. Evidence · table > 1.4 Context: 1,100 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No QP/CP Disclosure** Polarity: negative Definition: No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience. Why it applies: no Qualified or Competent Person is named anywhere in the release **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/ssr-mining-announces-results-of-the-hod-maden-technical-report-summary-with-1-66--7babc87e-f82f-4fb9-a041-bb514b7f5860#fact-resource-facts-14) Hod Maden · gold #### Identity - Project: Hod Maden - Commodity: gold - Region: türkiye - Reported Region: Türkiye - Ticker: SSRM #### Resource scope - Estimate type: resource - Effective date: 2025-08-31T00:00:00.000Z - Reporting standards: ni\_43\_101, sec\_sk1300 - QP Signed: Yes - Qualified person names: SLR International Corporation, RSC Consulting Ltd., WSP USA Inc., Ausenco Services Pty Ltd, SRK Consulting Inc. - Resource group id: resource:dc3cdaa5a8232d3856a4 - Mining method: underground - Resource basis: attributable #### Resource Data - Category: indicated - Tonnes: 1722000 - Grade: 11.9 - Grade Unit: g/t - Contained Metal: 658 - Contained Unit: koz #### Prior Estimate - Resource Date: 2025-08-31 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-29T00:00:00.000Z Reasoning: The combined Measured and Indicated Resources for gold are substantial and high-grade, offering significant potential for reserve conversion. - Positive factor: High-grade M&I Resource \(11.9 g/t Au\) provides a strong base for the project. - Positive factor: Significant contained gold \(658 koz\) in higher confidence categories. - Positive factor: Estimate is compliant with S-K 1300 reporting standards and QP signed. Evidence · table > 11.9 Context: 1,722 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No QP/CP Disclosure** Polarity: negative Definition: No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience. Why it applies: no Qualified or Competent Person is named anywhere in the release **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/ssr-mining-announces-results-of-the-hod-maden-technical-report-summary-with-1-66--7babc87e-f82f-4fb9-a041-bb514b7f5860#fact-resource-facts-15) Hod Maden · copper #### Identity - Project: Hod Maden - Commodity: copper - Region: türkiye - Reported Region: Türkiye - Ticker: SSRM #### Resource scope - Estimate type: resource - Effective date: 2025-08-31T00:00:00.000Z - Reporting standards: ni\_43\_101, sec\_sk1300 - QP Signed: Yes - Qualified person names: SLR International Corporation, RSC Consulting Ltd., WSP USA Inc., Ausenco Services Pty Ltd, SRK Consulting Inc. - Resource group id: resource:dc3cdaa5a8232d3856a4 - Mining method: underground - Resource basis: attributable #### Resource Data - Category: indicated - Tonnes: 1722000 - Grade: 1.7 - Grade Unit: % - Contained Metal: 65.3 - Contained Unit: mlb #### Prior Estimate - Resource Date: 2025-08-31 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-29T00:00:00.000Z Reasoning: The combined Measured and Indicated Resources for copper are substantial and high-grade, offering significant potential for reserve conversion. - Positive factor: High-grade M&I Resource \(1.7% Cu\) provides a strong base for the project. - Positive factor: Significant contained copper \(65.3 Mlb\) in higher confidence categories. - Positive factor: Estimate is compliant with S-K 1300 reporting standards and QP signed. Evidence · table > 1.7 Context: 1,722 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No QP/CP Disclosure** Polarity: negative Definition: No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience. Why it applies: no Qualified or Competent Person is named anywhere in the release **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/ssr-mining-announces-results-of-the-hod-maden-technical-report-summary-with-1-66--7babc87e-f82f-4fb9-a041-bb514b7f5860#fact-resource-facts-16) Hod Maden · gold #### Identity - Project: Hod Maden - Commodity: gold - Region: türkiye - Reported Region: Türkiye - Ticker: SSRM #### Resource scope - Estimate type: resource - Effective date: 2025-08-31T00:00:00.000Z - Reporting standards: ni\_43\_101, sec\_sk1300 - QP Signed: Yes - Qualified person names: SLR International Corporation, RSC Consulting Ltd., WSP USA Inc., Ausenco Services Pty Ltd, SRK Consulting Inc. - Resource group id: resource:3a11c2b9dec9b7427c72 - Mining method: underground - Resource basis: attributable #### Resource Data - Category: inferred - Tonnes: 2574000 - Grade: 3.4 - Grade Unit: g/t - Contained Metal: 281 - Contained Unit: koz - Cutoff Grade: 99 - Cutoff Unit: USD/tonne NSR #### Prior Estimate - Resource Date: 2025-08-31 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-29T00:00:00.000Z Reasoning: The Inferred Resource for gold provides significant exploration upside, but requires further work to upgrade confidence for inclusion in mine plans. - Positive factor: Substantial Inferred Resource \(2,574 kt\) with good gold grade \(3.4 g/t Au\) provides exploration upside. - Positive factor: Contained gold \(281 koz\) offers future potential. - Positive factor: Estimate is compliant with S-K 1300 reporting standards and QP signed. - Negative factor: Inferred resources have lower geological confidence and cannot be used for economic studies without further drilling. Evidence · table > 3.4 Context: 2,574 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No QP/CP Disclosure** Polarity: negative Definition: No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience. Why it applies: no Qualified or Competent Person is named anywhere in the release **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/ssr-mining-announces-results-of-the-hod-maden-technical-report-summary-with-1-66--7babc87e-f82f-4fb9-a041-bb514b7f5860#fact-resource-facts-17) Hod Maden · copper #### Identity - Project: Hod Maden - Commodity: copper - Region: türkiye - Reported Region: Türkiye - Ticker: SSRM #### Resource scope - Estimate type: resource - Effective date: 2025-08-31T00:00:00.000Z - Reporting standards: ni\_43\_101, sec\_sk1300 - QP Signed: Yes - Qualified person names: SLR International Corporation, RSC Consulting Ltd., WSP USA Inc., Ausenco Services Pty Ltd, SRK Consulting Inc. - Resource group id: resource:3a11c2b9dec9b7427c72 - Mining method: underground - Resource basis: attributable #### Resource Data - Category: inferred - Tonnes: 2574000 - Grade: 0.5 - Grade Unit: % - Contained Metal: 26.3 - Contained Unit: mlb - Cutoff Grade: 99 - Cutoff Unit: USD/tonne NSR #### Prior Estimate - Resource Date: 2025-08-31 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-29T00:00:00.000Z Reasoning: The Inferred Resource for copper provides significant exploration upside, but requires further work to upgrade confidence for inclusion in mine plans. - Positive factor: Substantial Inferred Resource \(2,574 kt\) with good copper grade \(0.5% Cu\) provides exploration upside. - Positive factor: Contained copper \(26.3 Mlb\) offers future potential. - Positive factor: Estimate is compliant with S-K 1300 reporting standards and QP signed. - Negative factor: Inferred resources have lower geological confidence and cannot be used for economic studies without further drilling. Evidence · table > 0.5 Context: 2,574 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No QP/CP Disclosure** Polarity: negative Definition: No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience. Why it applies: no Qualified or Competent Person is named anywhere in the release **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### probable [Link to this fact](https://atlas-extractions.minestarters.com/news/ssr-mining-announces-results-of-the-hod-maden-technical-report-summary-with-1-66--7babc87e-f82f-4fb9-a041-bb514b7f5860#fact-resource-facts-18) Hod Maden · gold #### Identity - Project: Hod Maden - Commodity: gold - Region: türkiye - Reported Region: Türkiye - Ticker: SSRM #### Resource scope - Estimate type: reserve - Effective date: 2025-08-31T00:00:00.000Z - Reporting standards: ni\_43\_101, sec\_sk1300 - QP Signed: Yes - Qualified person names: SLR International Corporation, RSC Consulting Ltd., WSP USA Inc., Ausenco Services Pty Ltd, SRK Consulting Inc. - Resource group id: resource:1699644405de66c0b23a - Mining method: underground - Resource basis: attributable #### Resource Data - Category: probable - Tonnes: 7714000 - Grade: 7.6 - Grade Unit: g/t #### Prior Estimate - Resource Date: 2025-08-31 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-29T00:00:00.000Z Reasoning: The combined Proven and Probable Reserves for gold represent a significant and high-grade resource base for the Hod Maden project. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: Large total P+P Reserve \(7,714 kt\) with high gold grade \(7.6 g/t Au\). - Positive factor: Substantial contained gold \(1,896 koz\) provides a strong foundation for the project. - Positive factor: Estimate is compliant with S-K 1300 reporting standards and QP signed. Evidence · table > 7.6 Context: 7,714 #### Tags used in scoring **Probable Reserve** Polarity: positive Definition: Indicated Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "probable" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **No QP/CP Disclosure** Polarity: negative Definition: No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience. Why it applies: no Qualified or Competent Person is named anywhere in the release **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### probable [Link to this fact](https://atlas-extractions.minestarters.com/news/ssr-mining-announces-results-of-the-hod-maden-technical-report-summary-with-1-66--7babc87e-f82f-4fb9-a041-bb514b7f5860#fact-resource-facts-19) Hod Maden · copper #### Identity - Project: Hod Maden - Commodity: copper - Region: türkiye - Reported Region: Türkiye - Ticker: SSRM #### Resource scope - Estimate type: reserve - Effective date: 2025-08-31T00:00:00.000Z - Reporting standards: ni\_43\_101, sec\_sk1300 - QP Signed: Yes - Qualified person names: SLR International Corporation, RSC Consulting Ltd., WSP USA Inc., Ausenco Services Pty Ltd, SRK Consulting Inc. - Resource group id: resource:1699644405de66c0b23a - Mining method: underground - Resource basis: attributable #### Resource Data - Category: probable - Tonnes: 7714000 - Grade: 1.3 - Grade Unit: % #### Prior Estimate - Resource Date: 2025-08-31 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-29T00:00:00.000Z Reasoning: The combined Proven and Probable Reserves for gold represent a significant and high-grade resource base for the Hod Maden project. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: Large total P+P Reserve \(7,714 kt\) with high gold grade \(7.6 g/t Au\). - Positive factor: Substantial contained gold \(1,896 koz\) provides a strong foundation for the project. - Positive factor: Estimate is compliant with S-K 1300 reporting standards and QP signed. Evidence · table > 1.3 Context: 7,714 #### Tags used in scoring **Probable Reserve** Polarity: positive Definition: Indicated Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "probable" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **No QP/CP Disclosure** Polarity: negative Definition: No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience. Why it applies: no Qualified or Competent Person is named anywhere in the release **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### proven [Link to this fact](https://atlas-extractions.minestarters.com/news/ssr-mining-announces-results-of-the-hod-maden-technical-report-summary-with-1-66--7babc87e-f82f-4fb9-a041-bb514b7f5860#fact-resource-facts-20) Hod Maden · gold #### Identity - Project: Hod Maden - Commodity: gold - Region: türkiye - Reported Region: Türkiye - Ticker: SSRM #### Resource scope - Estimate type: reserve - Effective date: 2025-08-31T00:00:00.000Z - Reporting standards: ni\_43\_101, sec\_sk1300 - QP Signed: Yes - Qualified person names: SLR International Corporation, RSC Consulting Ltd., WSP USA Inc., Ausenco Services Pty Ltd, SRK Consulting Inc. - Resource group id: resource:c112cd211f4e1b570186 - Deposit or zone: Main Zone - Mining method: underground - Resource basis: attributable #### Resource Data - Category: proven - Tonnes: 1372000 - Grade: 22.2 - Grade Unit: g/t - Cutoff Grade: 160 - Cutoff Unit: USD/t NSR #### Prior Estimate - Resource Date: 2025-08-31 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-29T00:00:00.000Z Reasoning: The Proven Reserve for gold at Hod Maden is high-grade and substantial, contributing significantly to the project's overall value and confidence. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: High-grade Proven Reserve \(22.2 g/t Au\) indicates strong economic potential. - Positive factor: Significant contained gold \(979 koz\) in the highest confidence category. - Positive factor: Estimate is compliant with S-K 1300 reporting standards and QP signed. Evidence · table > 22.2 Context: 1,372 #### Tags used in scoring **Proven Reserve** Polarity: positive Definition: Measured Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "proven" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **No QP/CP Disclosure** Polarity: negative Definition: No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience. Why it applies: no Qualified or Competent Person is named anywhere in the release **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### proven [Link to this fact](https://atlas-extractions.minestarters.com/news/ssr-mining-announces-results-of-the-hod-maden-technical-report-summary-with-1-66--7babc87e-f82f-4fb9-a041-bb514b7f5860#fact-resource-facts-21) Hod Maden · copper #### Identity - Project: Hod Maden - Commodity: copper - Region: türkiye - Reported Region: Türkiye - Ticker: SSRM #### Resource scope - Estimate type: reserve - Effective date: 2025-08-31T00:00:00.000Z - Reporting standards: ni\_43\_101, sec\_sk1300 - QP Signed: Yes - Qualified person names: SLR International Corporation, RSC Consulting Ltd., WSP USA Inc., Ausenco Services Pty Ltd, SRK Consulting Inc. - Resource group id: resource:c112cd211f4e1b570186 - Deposit or zone: Main Zone - Mining method: underground - Resource basis: attributable #### Resource Data - Category: proven - Tonnes: 1372000 - Grade: 1.7 - Grade Unit: % - Cutoff Grade: 160 - Cutoff Unit: USD/t NSR #### Prior Estimate - Resource Date: 2025-08-31 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-29T00:00:00.000Z Reasoning: The Proven Reserve for gold at Hod Maden is high-grade and substantial, contributing significantly to the project's overall value and confidence. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: High-grade Proven Reserve \(22.2 g/t Au\) indicates strong economic potential. - Positive factor: Significant contained gold \(979 koz\) in the highest confidence category. - Positive factor: Estimate is compliant with S-K 1300 reporting standards and QP signed. Evidence · table > 1.7 Context: 1,372 #### Tags used in scoring **Proven Reserve** Polarity: positive Definition: Measured Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "proven" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **No QP/CP Disclosure** Polarity: negative Definition: No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience. Why it applies: no Qualified or Competent Person is named anywhere in the release **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### probable [Link to this fact](https://atlas-extractions.minestarters.com/news/ssr-mining-announces-results-of-the-hod-maden-technical-report-summary-with-1-66--7babc87e-f82f-4fb9-a041-bb514b7f5860#fact-resource-facts-22) Hod Maden · gold #### Identity - Project: Hod Maden - Commodity: gold - Region: türkiye - Reported Region: Türkiye - Ticker: SSRM #### Resource scope - Estimate type: reserve - Effective date: 2025-08-31T00:00:00.000Z - Reporting standards: ni\_43\_101, sec\_sk1300 - QP Signed: Yes - Qualified person names: SLR International Corporation, RSC Consulting Ltd., WSP USA Inc., Ausenco Services Pty Ltd, SRK Consulting Inc. - Resource group id: resource:1a14e239a1ac6d00d7d5 - Deposit or zone: Main Zone - Mining method: underground - Resource basis: attributable #### Resource Data - Category: probable - Tonnes: 6342000 - Grade: 4.5 - Grade Unit: g/t - Cutoff Grade: 108 - Cutoff Unit: USD/t NSR #### Prior Estimate - Resource Date: 2025-08-31 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-29T00:00:00.000Z Reasoning: The Probable Reserve for gold provides significant scale to the project, supporting the economic study's mine plan. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: Substantial Probable Reserve \(6,342 kt\) with good gold grade \(4.5 g/t Au\). - Positive factor: Significant contained gold \(917 koz\) adds to project scale. - Positive factor: Estimate is compliant with S-K 1300 reporting standards and QP signed. Evidence · table > 4.5 Context: 6,342 #### Tags used in scoring **Probable Reserve** Polarity: positive Definition: Indicated Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "probable" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **No QP/CP Disclosure** Polarity: negative Definition: No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience. Why it applies: no Qualified or Competent Person is named anywhere in the release **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### probable [Link to this fact](https://atlas-extractions.minestarters.com/news/ssr-mining-announces-results-of-the-hod-maden-technical-report-summary-with-1-66--7babc87e-f82f-4fb9-a041-bb514b7f5860#fact-resource-facts-23) Hod Maden · copper #### Identity - Project: Hod Maden - Commodity: copper - Region: türkiye - Reported Region: Türkiye - Ticker: SSRM #### Resource scope - Estimate type: reserve - Effective date: 2025-08-31T00:00:00.000Z - Reporting standards: ni\_43\_101, sec\_sk1300 - QP Signed: Yes - Qualified person names: SLR International Corporation, RSC Consulting Ltd., WSP USA Inc., Ausenco Services Pty Ltd, SRK Consulting Inc. - Resource group id: resource:1a14e239a1ac6d00d7d5 - Deposit or zone: Main Zone - Mining method: underground - Resource basis: attributable #### Resource Data - Category: probable - Tonnes: 6342000 - Grade: 1.2 - Grade Unit: % - Cutoff Grade: 108 - Cutoff Unit: USD/t NSR #### Prior Estimate - Resource Date: 2025-08-31 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-29T00:00:00.000Z Reasoning: The Probable Reserve for gold provides significant scale to the project, supporting the economic study's mine plan. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: Substantial Probable Reserve \(6,342 kt\) with good gold grade \(4.5 g/t Au\). - Positive factor: Significant contained gold \(917 koz\) adds to project scale. - Positive factor: Estimate is compliant with S-K 1300 reporting standards and QP signed. Evidence · table > 1.2 Context: 6,342 #### Tags used in scoring **Probable Reserve** Polarity: positive Definition: Indicated Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "probable" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **No QP/CP Disclosure** Polarity: negative Definition: No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience. Why it applies: no Qualified or Competent Person is named anywhere in the release **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### measured [Link to this fact](https://atlas-extractions.minestarters.com/news/ssr-mining-announces-results-of-the-hod-maden-technical-report-summary-with-1-66--7babc87e-f82f-4fb9-a041-bb514b7f5860#fact-resource-facts-24) Hod Maden · gold #### Identity - Project: Hod Maden - Commodity: gold - Region: türkiye - Reported Region: Türkiye - Ticker: SSRM #### Resource scope - Estimate type: resource - Effective date: 2025-08-31T00:00:00.000Z - Reporting standards: ni\_43\_101, sec\_sk1300 - QP Signed: Yes - Qualified person names: SLR International Corporation, RSC Consulting Ltd., WSP USA Inc., Ausenco Services Pty Ltd, SRK Consulting Inc. - Resource group id: resource:8795a40cc3a8f3666555 - Mining method: underground - Resource basis: attributable #### Resource Data - Category: measured - Tonnes: 621000 - Grade: 23.4 - Grade Unit: g/t - Cutoff Grade: 99 - Cutoff Unit: USD/tonne NSR #### Prior Estimate - Resource Date: 2025-08-31 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-29T00:00:00.000Z Reasoning: The Measured Resource for gold is exceptionally high-grade, providing a strong foundation for future reserve conversion and project confidence. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: Very high-grade Measured Resource \(23.4 g/t Au\) indicates excellent geological confidence. - Positive factor: Significant contained gold \(468 koz\) in the highest resource confidence category. - Positive factor: Estimate is compliant with S-K 1300 reporting standards and QP signed. Evidence · table > 23.4 Context: 621 #### Tags used in scoring **Measured Resource** Polarity: positive Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves. Why it applies: category is "measured" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **No QP/CP Disclosure** Polarity: negative Definition: No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience. Why it applies: no Qualified or Competent Person is named anywhere in the release **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### measured [Link to this fact](https://atlas-extractions.minestarters.com/news/ssr-mining-announces-results-of-the-hod-maden-technical-report-summary-with-1-66--7babc87e-f82f-4fb9-a041-bb514b7f5860#fact-resource-facts-25) Hod Maden · copper #### Identity - Project: Hod Maden - Commodity: copper - Region: türkiye - Reported Region: Türkiye - Ticker: SSRM #### Resource scope - Estimate type: resource - Effective date: 2025-08-31T00:00:00.000Z - Reporting standards: ni\_43\_101, sec\_sk1300 - QP Signed: Yes - Qualified person names: SLR International Corporation, RSC Consulting Ltd., WSP USA Inc., Ausenco Services Pty Ltd, SRK Consulting Inc. - Resource group id: resource:8795a40cc3a8f3666555 - Mining method: underground - Resource basis: attributable #### Resource Data - Category: measured - Tonnes: 621000 - Grade: 2.3 - Grade Unit: % - Cutoff Grade: 99 - Cutoff Unit: USD/tonne NSR #### Prior Estimate - Resource Date: 2025-08-31 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-29T00:00:00.000Z Reasoning: The Measured Resource for gold is exceptionally high-grade, providing a strong foundation for future reserve conversion and project confidence. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: Very high-grade Measured Resource \(23.4 g/t Au\) indicates excellent geological confidence. - Positive factor: Significant contained gold \(468 koz\) in the highest resource confidence category. - Positive factor: Estimate is compliant with S-K 1300 reporting standards and QP signed. Evidence · table > 2.3 Context: 621 #### Tags used in scoring **Measured Resource** Polarity: positive Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves. Why it applies: category is "measured" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **No QP/CP Disclosure** Polarity: negative Definition: No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience. Why it applies: no Qualified or Competent Person is named anywhere in the release **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/ssr-mining-announces-results-of-the-hod-maden-technical-report-summary-with-1-66--7babc87e-f82f-4fb9-a041-bb514b7f5860#fact-resource-facts-26) Hod Maden · gold #### Identity - Project: Hod Maden - Commodity: gold - Region: türkiye - Reported Region: Türkiye - Ticker: SSRM #### Resource scope - Estimate type: resource - Effective date: 2025-08-31T00:00:00.000Z - Reporting standards: ni\_43\_101, sec\_sk1300 - QP Signed: Yes - Qualified person names: SLR International Corporation, RSC Consulting Ltd., WSP USA Inc., Ausenco Services Pty Ltd, SRK Consulting Inc. - Resource group id: resource:d2b694c0d9a6e7a69ce9 - Mining method: underground - Resource basis: attributable #### Resource Data - Category: indicated - Tonnes: 1100000 - Grade: 5.4 - Grade Unit: g/t - Cutoff Grade: 99 - Cutoff Unit: USD/tonne NSR #### Prior Estimate - Resource Date: 2025-08-31 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-29T00:00:00.000Z Reasoning: The Indicated Resource for gold provides additional high-confidence material for future mine planning and economic studies. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: Good grade Indicated Resource \(5.4 g/t Au\) adds to the project's resource base. - Positive factor: Contained gold \(191 koz\) provides further potential for reserve conversion. - Positive factor: Estimate is compliant with S-K 1300 reporting standards and QP signed. Evidence · table > 5.4 Context: 1,100 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **No QP/CP Disclosure** Polarity: negative Definition: No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience. Why it applies: no Qualified or Competent Person is named anywhere in the release **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/ssr-mining-announces-results-of-the-hod-maden-technical-report-summary-with-1-66--7babc87e-f82f-4fb9-a041-bb514b7f5860#fact-resource-facts-27) Hod Maden · copper #### Identity - Project: Hod Maden - Commodity: copper - Region: türkiye - Reported Region: Türkiye - Ticker: SSRM #### Resource scope - Estimate type: resource - Effective date: 2025-08-31T00:00:00.000Z - Reporting standards: ni\_43\_101, sec\_sk1300 - QP Signed: Yes - Qualified person names: SLR International Corporation, RSC Consulting Ltd., WSP USA Inc., Ausenco Services Pty Ltd, SRK Consulting Inc. - Resource group id: resource:d2b694c0d9a6e7a69ce9 - Mining method: underground - Resource basis: attributable #### Resource Data - Category: indicated - Tonnes: 1100000 - Grade: 1.4 - Grade Unit: % - Cutoff Grade: 99 - Cutoff Unit: USD/tonne NSR #### Prior Estimate - Resource Date: 2025-08-31 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-29T00:00:00.000Z Reasoning: The Indicated Resource for gold provides additional high-confidence material for future mine planning and economic studies. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: Good grade Indicated Resource \(5.4 g/t Au\) adds to the project's resource base. - Positive factor: Contained gold \(191 koz\) provides further potential for reserve conversion. - Positive factor: Estimate is compliant with S-K 1300 reporting standards and QP signed. Evidence · table > 1.4 Context: 1,100 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **No QP/CP Disclosure** Polarity: negative Definition: No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience. Why it applies: no Qualified or Competent Person is named anywhere in the release **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/ssr-mining-announces-results-of-the-hod-maden-technical-report-summary-with-1-66--7babc87e-f82f-4fb9-a041-bb514b7f5860#fact-resource-facts-28) Hod Maden · gold #### Identity - Project: Hod Maden - Commodity: gold - Region: türkiye - Reported Region: Türkiye - Ticker: SSRM #### Resource scope - Estimate type: resource - Effective date: 2025-08-31T00:00:00.000Z - Reporting standards: ni\_43\_101, sec\_sk1300 - QP Signed: Yes - Qualified person names: SLR International Corporation, RSC Consulting Ltd., WSP USA Inc., Ausenco Services Pty Ltd, SRK Consulting Inc. - Resource group id: resource:dc3cdaa5a8232d3856a4 - Mining method: underground - Resource basis: attributable #### Resource Data - Category: indicated - Tonnes: 1722000 - Grade: 11.9 - Grade Unit: g/t #### Prior Estimate - Resource Date: 2025-08-31 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-29T00:00:00.000Z Reasoning: The combined Measured and Indicated Resources for gold are substantial and high-grade, offering significant potential for reserve conversion. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: High-grade M&I Resource \(11.9 g/t Au\) provides a strong base for the project. - Positive factor: Significant contained gold \(658 koz\) in higher confidence categories. - Positive factor: Estimate is compliant with S-K 1300 reporting standards and QP signed. Evidence · table > 11.9 Context: 1,722 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **No QP/CP Disclosure** Polarity: negative Definition: No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience. Why it applies: no Qualified or Competent Person is named anywhere in the release **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/ssr-mining-announces-results-of-the-hod-maden-technical-report-summary-with-1-66--7babc87e-f82f-4fb9-a041-bb514b7f5860#fact-resource-facts-29) Hod Maden · copper #### Identity - Project: Hod Maden - Commodity: copper - Region: türkiye - Reported Region: Türkiye - Ticker: SSRM #### Resource scope - Estimate type: resource - Effective date: 2025-08-31T00:00:00.000Z - Reporting standards: ni\_43\_101, sec\_sk1300 - QP Signed: Yes - Qualified person names: SLR International Corporation, RSC Consulting Ltd., WSP USA Inc., Ausenco Services Pty Ltd, SRK Consulting Inc. - Resource group id: resource:dc3cdaa5a8232d3856a4 - Mining method: underground - Resource basis: attributable #### Resource Data - Category: indicated - Tonnes: 1722000 - Grade: 1.7 - Grade Unit: % #### Prior Estimate - Resource Date: 2025-08-31 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-29T00:00:00.000Z Reasoning: The combined Measured and Indicated Resources for gold are substantial and high-grade, offering significant potential for reserve conversion. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: High-grade M&I Resource \(11.9 g/t Au\) provides a strong base for the project. - Positive factor: Significant contained gold \(658 koz\) in higher confidence categories. - Positive factor: Estimate is compliant with S-K 1300 reporting standards and QP signed. Evidence · table > 1.7 Context: 1,722 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **No QP/CP Disclosure** Polarity: negative Definition: No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience. Why it applies: no Qualified or Competent Person is named anywhere in the release **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/ssr-mining-announces-results-of-the-hod-maden-technical-report-summary-with-1-66--7babc87e-f82f-4fb9-a041-bb514b7f5860#fact-resource-facts-30) Hod Maden · gold #### Identity - Project: Hod Maden - Commodity: gold - Region: türkiye - Reported Region: Türkiye - Ticker: SSRM #### Resource scope - Estimate type: resource - Effective date: 2025-08-31T00:00:00.000Z - Reporting standards: ni\_43\_101, sec\_sk1300 - QP Signed: Yes - Qualified person names: SLR International Corporation, RSC Consulting Ltd., WSP USA Inc., Ausenco Services Pty Ltd, SRK Consulting Inc. - Resource group id: resource:3a11c2b9dec9b7427c72 - Mining method: underground - Resource basis: attributable #### Resource Data - Category: inferred - Tonnes: 2574000 - Grade: 3.4 - Grade Unit: g/t - Cutoff Grade: 99 - Cutoff Unit: USD/tonne NSR #### Prior Estimate - Resource Date: 2025-08-31 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-29T00:00:00.000Z Reasoning: The Inferred Resource for gold provides significant exploration upside, but requires further work to upgrade confidence for inclusion in mine plans. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: Substantial Inferred Resource \(2,574 kt\) with good gold grade \(3.4 g/t Au\) provides exploration upside. - Positive factor: Contained gold \(281 koz\) offers future potential. - Positive factor: Estimate is compliant with S-K 1300 reporting standards and QP signed. - Negative factor: Inferred resources have lower geological confidence and cannot be used for economic studies without further drilling. Evidence · table > 3.4 Context: 2,574 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **No QP/CP Disclosure** Polarity: negative Definition: No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience. Why it applies: no Qualified or Competent Person is named anywhere in the release **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/ssr-mining-announces-results-of-the-hod-maden-technical-report-summary-with-1-66--7babc87e-f82f-4fb9-a041-bb514b7f5860#fact-resource-facts-31) Hod Maden · copper #### Identity - Project: Hod Maden - Commodity: copper - Region: türkiye - Reported Region: Türkiye - Ticker: SSRM #### Resource scope - Estimate type: resource - Effective date: 2025-08-31T00:00:00.000Z - Reporting standards: ni\_43\_101, sec\_sk1300 - QP Signed: Yes - Qualified person names: SLR International Corporation, RSC Consulting Ltd., WSP USA Inc., Ausenco Services Pty Ltd, SRK Consulting Inc. - Resource group id: resource:3a11c2b9dec9b7427c72 - Mining method: underground - Resource basis: attributable #### Resource Data - Category: inferred - Tonnes: 2574000 - Grade: 0.5 - Grade Unit: % - Cutoff Grade: 99 - Cutoff Unit: USD/tonne NSR #### Prior Estimate - Resource Date: 2025-08-31 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-29T00:00:00.000Z Reasoning: The Inferred Resource for gold provides significant exploration upside, but requires further work to upgrade confidence for inclusion in mine plans. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: Substantial Inferred Resource \(2,574 kt\) with good gold grade \(3.4 g/t Au\) provides exploration upside. - Positive factor: Contained gold \(281 koz\) offers future potential. - Positive factor: Estimate is compliant with S-K 1300 reporting standards and QP signed. - Negative factor: Inferred resources have lower geological confidence and cannot be used for economic studies without further drilling. Evidence · table > 0.5 Context: 2,574 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **No QP/CP Disclosure** Polarity: negative Definition: No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience. Why it applies: no Qualified or Competent Person is named anywhere in the release **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ## Metallurgical Results (2) ### mill-float-regrind-cleaner float [Link to this fact](https://atlas-extractions.minestarters.com/news/ssr-mining-announces-results-of-the-hod-maden-technical-report-summary-with-1-66--7babc87e-f82f-4fb9-a041-bb514b7f5860#fact-metallurgical-facts-2) Hod Maden · gold #### Identity - Project: Hod Maden - Commodity: gold - Region: türkiye - Reported Region: Türkiye - Ticker: SSRM #### Test Work - Program Status: detailed - Test Type: mill-float-regrind-cleaner float - Processing Route: mill-float-regrind-cleaner float #### Recovery - Recovery: 87 % - Recovery Basis: actual\_test - Head Grade: 7.6 - Head Grade Unit: g/t - Conc. Grade: 113 - Conc. Grade Unit: g/t #### Lab - Laboratory: undisclosed - Consultant: undisclosed #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-29T00:00:00.000Z Reasoning: The metallurgical test work for gold shows high recovery and a high-grade concentrate, indicating a robust and simplified processing route for the project. - Positive factor: High gold recovery of 87% for the mill-float processing route. - Positive factor: High concentrate grade of 113 g/t gold. - Positive factor: Flowsheet updated to produce a single copper concentrate, simplifying operations and improving performance. - Positive factor: Concentrate expected to be highly desirable due to grade and lack of deleterious elements. - Negative factor: Specific laboratory and consultant not explicitly named for the metallurgical test work. #### Tags used in scoring **Byproduct Commodity** Polarity: neutral Definition: The tested commodity is a byproduct rather than the primary economic driver. Why it applies: the release describes a byproduct credit ### mill-float-regrind-cleaner float [Link to this fact](https://atlas-extractions.minestarters.com/news/ssr-mining-announces-results-of-the-hod-maden-technical-report-summary-with-1-66--7babc87e-f82f-4fb9-a041-bb514b7f5860#fact-metallurgical-facts-3) Hod Maden · copper #### Identity - Project: Hod Maden - Commodity: copper - Region: türkiye - Reported Region: Türkiye - Ticker: SSRM #### Test Work - Program Status: detailed - Test Type: mill-float-regrind-cleaner float - Processing Route: mill-float-regrind-cleaner float #### Recovery - Recovery: 97 % - Recovery Basis: actual\_test - Head Grade: 1.3 - Head Grade Unit: % - Conc. Grade: 22 - Conc. Grade Unit: % #### Lab - Laboratory: undisclosed - Consultant: undisclosed #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-29T00:00:00.000Z Reasoning: The metallurgical test work for copper shows exceptional recovery and a high-grade concentrate, indicating a robust and simplified processing route for the project. - Positive factor: Exceptional copper recovery of 97% for the mill-float processing route. - Positive factor: High concentrate grade of 22% copper. - Positive factor: Flowsheet updated to produce a single copper concentrate, simplifying operations and improving performance. - Positive factor: Concentrate expected to be highly desirable due to grade and lack of deleterious elements. - Negative factor: Specific laboratory and consultant not explicitly named for the metallurgical test work. #### Tags used in scoring **High Recovery** Polarity: positive Definition: Recovery at or above the exceptional band for the commodity and processing route. Why it applies: 97% is at or above the exceptional band \(92%\) **Byproduct Commodity** Polarity: neutral Definition: The tested commodity is a byproduct rather than the primary economic driver. Why it applies: the release describes a byproduct credit ## 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.