# T2 Metals Announces NI 43-101 Mineral Resource Estimate at the Sherridon Copper-Zinc-Gold-Silver Project, Manitoba, Canada Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/t2-metals-announces-ni-43-101-mineral-resource-estimate-at-the-sherridon-copper--da57ac70-c383-46e6-b0a7-653306d39f8e Original source: https://money.tmx.com/en/quote/TWO/news/5652825433860577/t2-metals-announces-ni-43-101-mineral-resource-estimate-at-the-sherridon-copper- Publisher: tmx Original announcement: 2026-05-07T10:30:00.000Z Analysis by Minestarters Atlas Atlas analysis published: Unknown date Atlas analysis updated: Unknown date - Company: T2 Metals - Ticker: TWO - Exchange: TSX - Region: Manitoba, Canada - Primary commodity: Copper - Secondary commodities: Zinc, Gold, Silver - Document categories: Resource update, Drill results - Extracted: 2026-09-17 02:51:49 UTC Narrative sentiment: 0.80 · Bullish ## Minestarters Atlas summary T2 Metals announced a maiden NI 43-101 Mineral Resource Estimate for its Sherridon Copper-Zinc-Gold-Silver Project in Manitoba, Canada. The MRE defines a total Indicated Mineral Resource of 10.04 million tonnes grading 1.0% CuEq and a total Inferred Mineral Resource of 18.15 million tonnes grading 1.7% CuEq across four VMS deposits. The company plans to advance the project to a Preliminary Economic Assessment, citing significant growth potential and excellent infrastructure. Reasoning: T2 Metals announced a significant maiden NI 43-101 compliant Mineral Resource Estimate for its Sherridon project, defining substantial indicated and inferred resources of copper, zinc, gold, and silver across four VMS deposits. The MRE highlights high-grade, near-surface mineralization, strong growth potential, and excellent infrastructure, with plans to advance to a PEA, indicating a positive de-risking and value creation event for the company. - Positive factor: Maiden NI 43-101 Mineral Resource Estimate for the Sherridon project - Positive factor: Substantial Indicated and Inferred resources across four VMS deposits - Positive factor: Resources remain open along strike and at depth, indicating growth potential - Positive factor: Project contains significant contained metal \(86 Mlb Cu, 96 koz Au Indicated; 430 Mlb Cu, 158 koz Au Inferred\) - Positive factor: High-grade near-surface mineralization identified - Positive factor: Excellent infrastructure with year-round road access and active rail line - Positive factor: QP signed and NI 43-101 compliant - Positive factor: Plans to advance to Preliminary Economic Assessment \(PEA\) - Negative factor: No Measured resources, limiting the highest confidence category - Negative factor: Significant portion of the resource is in the Inferred category Low confidence — this extraction should be reviewed alongside the original source. Facts used in scoring: 89 ## Classification and evidence **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: A current resource fact retains the disclosed cut-off grade ## Extracted facts Stored fact records: 89. Some facts used in scoring do not have a stored record. ## Drill Results (4) ### SH23005 [Link to this fact](https://atlas-extractions.minestarters.com/news/t2-metals-announces-ni-43-101-mineral-resource-estimate-at-the-sherridon-copper--da57ac70-c383-46e6-b0a7-653306d39f8e#fact-drill-facts-85) Sherridon · copper #### Identity - Hole ID: SH23005 - Project: Sherridon - Commodity: copper - Region: canada\_mb - Reported Region: canada\_mb - Ticker: TWO #### Geometry - Grade: 1.18 - Grade Unit: % - Intercept: 23.5 m #### Classification - Sample Type: drill #### QA/QC - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-05-07T00:00:00.000Z Reasoning: This drill intercept shows a strong copper grade over a significant width, supporting the high-grade potential of the project, though it is mentioned as 'more recent' rather than a brand new result. - Positive factor: High-grade copper intercept - Positive factor: Significant intercept length - Positive factor: Supports high-grade potential of the project Evidence · text > 23.50 m @ 1.18% Cu #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **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 **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "Sherridon is located only 65 km from Flin Flon \(Figure 1\) and 120 km from the McIlvenna Bay development project — recent" ### SH23005 [Link to this fact](https://atlas-extractions.minestarters.com/news/t2-metals-announces-ni-43-101-mineral-resource-estimate-at-the-sherridon-copper--da57ac70-c383-46e6-b0a7-653306d39f8e#fact-drill-facts-86) Sherridon · gold #### Identity - Hole ID: SH23005 - Project: Sherridon - Commodity: gold - Region: canada\_mb - Reported Region: canada\_mb - Ticker: TWO #### Geometry - Grade: 6.8 - Grade Unit: g/t - Intercept: 23.5 m #### Classification - Sample Type: drill #### QA/QC - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-05-07T00:00:00.000Z Reasoning: This drill intercept shows a high gold grade over a significant width, supporting the high-grade potential of the project, though it is mentioned as 'more recent' rather than a brand new result. - Positive factor: High-grade gold intercept - Positive factor: Significant intercept length - Positive factor: Supports high-grade potential of the project Evidence · text > 6.8 g/t Au #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **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 **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "Sherridon is located only 65 km from Flin Flon \(Figure 1\) and 120 km from the McIlvenna Bay development project — recent" ### SH23005 [Link to this fact](https://atlas-extractions.minestarters.com/news/t2-metals-announces-ni-43-101-mineral-resource-estimate-at-the-sherridon-copper--da57ac70-c383-46e6-b0a7-653306d39f8e#fact-drill-facts-87) Sherridon · silver #### Identity - Hole ID: SH23005 - Project: Sherridon - Commodity: silver - Region: canada\_mb - Reported Region: canada\_mb - Ticker: TWO #### Geometry - Grade: 40.4 - Grade Unit: g/t - Intercept: 23.5 m #### Classification - Sample Type: drill #### QA/QC - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-05-07T00:00:00.000Z Reasoning: This drill intercept shows a good silver grade over a significant width, supporting the high-grade potential of the project, though it is mentioned as 'more recent' rather than a brand new result. - Positive factor: Good silver grade intercept - Positive factor: Significant intercept length - Positive factor: Supports high-grade potential of the project Evidence · text > 40.4 g/t Ag #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **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 **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "Sherridon is located only 65 km from Flin Flon \(Figure 1\) and 120 km from the McIlvenna Bay development project — recent" ### SH23005 [Link to this fact](https://atlas-extractions.minestarters.com/news/t2-metals-announces-ni-43-101-mineral-resource-estimate-at-the-sherridon-copper--da57ac70-c383-46e6-b0a7-653306d39f8e#fact-drill-facts-88) Sherridon · zinc #### Identity - Hole ID: SH23005 - Project: Sherridon - Commodity: zinc - Region: canada\_mb - Reported Region: canada\_mb - Ticker: TWO #### Geometry - Grade: 1.46 - Grade Unit: % - Intercept: 23.5 m #### Classification - Sample Type: drill #### QA/QC - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-05-07T00:00:00.000Z Reasoning: This drill intercept shows a good zinc grade over a significant width, supporting the high-grade potential of the project, though it is mentioned as 'more recent' rather than a brand new result. - Positive factor: Good zinc grade intercept - Positive factor: Significant intercept length - Positive factor: Supports high-grade potential of the project Evidence · text > 1.46% Zn #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **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 **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "Sherridon is located only 65 km from Flin Flon \(Figure 1\) and 120 km from the McIlvenna Bay development project — recent" ## Resource Estimates (85) ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/t2-metals-announces-ni-43-101-mineral-resource-estimate-at-the-sherridon-copper--da57ac70-c383-46e6-b0a7-653306d39f8e#fact-resource-facts-0) Sherridon Copper-Zinc-Gold-Silver Project · copper #### Identity - Project: Sherridon Copper-Zinc-Gold-Silver Project - Commodity: copper - Region: canada\_mb - Reported Region: Manitoba, Canada - Ticker: TWO #### Resource scope - Estimate type: resource - Effective date: 2026-04-22T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Geoffrey Reed, Anders Hogrelius, Bouke van \`t Riet - Resource group id: resource:03cad8f98ab5fddcd539 - Deposit or zone: Cold Lake - Mining method: open\_pit #### Resource Data - Category: indicated - Tonnes: 650000 - Grade: 0.35 - Grade Unit: % - Contained Metal: 5.03 - Contained Unit: m lb - Cutoff Grade: 20 - Cutoff Unit: US$/t #### Prior Estimate - Resource Date: 2026-04-22 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-05-07T00:00:00.000Z Reasoning: This is an Indicated resource for copper at the Cold Lake deposit, part of the new MRE, with a reasonable grade for open pit VMS and good confidence. - Positive factor: Part of a new NI 43-101 MRE for the project - Positive factor: Indicated resource category provides good confidence - Positive factor: Open pit mining method suggests lower operating costs Evidence · table > 0.35 Context: 0.65 #### 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 **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/t2-metals-announces-ni-43-101-mineral-resource-estimate-at-the-sherridon-copper--da57ac70-c383-46e6-b0a7-653306d39f8e#fact-resource-facts-1) Sherridon Copper-Zinc-Gold-Silver Project · zinc #### Identity - Project: Sherridon Copper-Zinc-Gold-Silver Project - Commodity: zinc - Region: canada\_mb - Reported Region: Manitoba, Canada - Ticker: TWO #### Resource scope - Estimate type: resource - Effective date: 2026-04-22T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Geoffrey Reed, Anders Hogrelius, Bouke van \`t Riet - Resource group id: resource:03cad8f98ab5fddcd539 - Deposit or zone: Cold Lake - Mining method: open\_pit #### Resource Data - Category: indicated - Tonnes: 650000 - Grade: 0.66 - Grade Unit: % - Contained Metal: 9.48 - Contained Unit: m lb - Cutoff Grade: 20 - Cutoff Unit: US$/t #### Prior Estimate - Resource Date: 2026-04-22 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-05-07T00:00:00.000Z Reasoning: This is an Indicated resource for zinc at the Cold Lake deposit, part of the new MRE, contributing to the polymetallic nature of the VMS deposit. - Positive factor: Part of a new NI 43-101 MRE for the project - Positive factor: Indicated resource category provides good confidence - Positive factor: Open pit mining method suggests lower operating costs Evidence · table > 0.66 Context: 0.65 #### 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 **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/t2-metals-announces-ni-43-101-mineral-resource-estimate-at-the-sherridon-copper--da57ac70-c383-46e6-b0a7-653306d39f8e#fact-resource-facts-2) Sherridon Copper-Zinc-Gold-Silver Project · gold #### Identity - Project: Sherridon Copper-Zinc-Gold-Silver Project - Commodity: gold - Region: canada\_mb - Reported Region: Manitoba, Canada - Ticker: TWO #### Resource scope - Estimate type: resource - Effective date: 2026-04-22T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Geoffrey Reed, Anders Hogrelius, Bouke van \`t Riet - Resource group id: resource:03cad8f98ab5fddcd539 - Deposit or zone: Cold Lake - Mining method: open\_pit #### Resource Data - Category: indicated - Tonnes: 650000 - Grade: 0.32 - Grade Unit: g/t - Cutoff Grade: 20 - Cutoff Unit: US$/t #### Prior Estimate - Resource Date: 2026-04-22 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-05-07T00:00:00.000Z Reasoning: This is an Indicated resource for gold at the Cold Lake deposit, part of the new MRE, contributing as a byproduct to the overall project economics. - Positive factor: Part of a new NI 43-101 MRE for the project - Positive factor: Indicated resource category provides good confidence Evidence · table > 0.32 Context: 0.65 #### 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 **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/t2-metals-announces-ni-43-101-mineral-resource-estimate-at-the-sherridon-copper--da57ac70-c383-46e6-b0a7-653306d39f8e#fact-resource-facts-3) Sherridon Copper-Zinc-Gold-Silver Project · silver #### Identity - Project: Sherridon Copper-Zinc-Gold-Silver Project - Commodity: silver - Region: canada\_mb - Reported Region: Manitoba, Canada - Ticker: TWO #### Resource scope - Estimate type: resource - Effective date: 2026-04-22T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Geoffrey Reed, Anders Hogrelius, Bouke van \`t Riet - Resource group id: resource:03cad8f98ab5fddcd539 - Deposit or zone: Cold Lake - Mining method: open\_pit #### Resource Data - Category: indicated - Tonnes: 650000 - Grade: 7 - Grade Unit: g/t - Cutoff Grade: 20 - Cutoff Unit: US$/t #### Prior Estimate - Resource Date: 2026-04-22 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-05-07T00:00:00.000Z Reasoning: This is an Indicated resource for silver at the Cold Lake deposit, part of the new MRE, contributing as a byproduct to the overall project economics. - Positive factor: Part of a new NI 43-101 MRE for the project - Positive factor: Indicated resource category provides good confidence Evidence · table > 7.00 Context: 0.65 #### 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 **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/t2-metals-announces-ni-43-101-mineral-resource-estimate-at-the-sherridon-copper--da57ac70-c383-46e6-b0a7-653306d39f8e#fact-resource-facts-4) Sherridon Copper-Zinc-Gold-Silver Project · copper #### Identity - Project: Sherridon Copper-Zinc-Gold-Silver Project - Commodity: copper - Region: canada\_mb - Reported Region: Manitoba, Canada - Ticker: TWO #### Resource scope - Estimate type: resource - Effective date: 2026-04-22T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Geoffrey Reed, Anders Hogrelius, Bouke van \`t Riet - Resource group id: resource:03cad8f98ab5fddcd539 - Deposit or zone: Cold Lake - Mining method: open\_pit #### Resource Data - Category: indicated - Tonnes: 650000 - Cutoff Grade: 20 - Cutoff Unit: US$/t #### Prior Estimate - Resource Date: 2026-04-22 #### Metal Equivalent - Metal Eq. Grade: 0.91 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-05-07T00:00:00.000Z Reasoning: This is an Indicated resource for copper equivalent at the Cold Lake deposit, part of the new MRE, providing a combined value for the polymetallic VMS deposit. - Positive factor: Part of a new NI 43-101 MRE for the project - Positive factor: Indicated resource category provides good confidence - Positive factor: Metal equivalent grade provides a combined value for polymetallic deposit Evidence · table > 0.91 Context: 0.65 #### 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 **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/t2-metals-announces-ni-43-101-mineral-resource-estimate-at-the-sherridon-copper--da57ac70-c383-46e6-b0a7-653306d39f8e#fact-resource-facts-5) Sherridon Copper-Zinc-Gold-Silver Project · copper #### Identity - Project: Sherridon Copper-Zinc-Gold-Silver Project - Commodity: copper - Region: canada\_mb - Reported Region: Manitoba, Canada - Ticker: TWO #### Resource scope - Estimate type: resource - Effective date: 2026-04-22T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Geoffrey Reed, Anders Hogrelius, Bouke van \`t Riet - Resource group id: resource:1e6096797c9850d993c2 - Deposit or zone: Cold Lake - Mining method: underground #### Resource Data - Category: indicated - Tonnes: 310000 - Grade: 0.32 - Grade Unit: % - Contained Metal: 2.21 - Contained Unit: m lb - Cutoff Grade: 55 - Cutoff Unit: US$/t #### Prior Estimate - Resource Date: 2026-04-22 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-05-07T00:00:00.000Z Reasoning: This is an Indicated resource for copper at the Cold Lake deposit, part of the new MRE, with a grade that is moderate for underground VMS. - Positive factor: Part of a new NI 43-101 MRE for the project - Positive factor: Indicated resource category provides good confidence Evidence · table > 0.32 Context: 0.31 #### 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 **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/t2-metals-announces-ni-43-101-mineral-resource-estimate-at-the-sherridon-copper--da57ac70-c383-46e6-b0a7-653306d39f8e#fact-resource-facts-6) Sherridon Copper-Zinc-Gold-Silver Project · zinc #### Identity - Project: Sherridon Copper-Zinc-Gold-Silver Project - Commodity: zinc - Region: canada\_mb - Reported Region: Manitoba, Canada - Ticker: TWO #### Resource scope - Estimate type: resource - Effective date: 2026-04-22T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Geoffrey Reed, Anders Hogrelius, Bouke van \`t Riet - Resource group id: resource:1e6096797c9850d993c2 - Deposit or zone: Cold Lake - Mining method: underground #### Resource Data - Category: indicated - Tonnes: 310000 - Grade: 0.58 - Grade Unit: % - Contained Metal: 40 - Contained Unit: m lb - Cutoff Grade: 55 - Cutoff Unit: US$/t #### Prior Estimate - Resource Date: 2026-04-22 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-05-07T00:00:00.000Z Reasoning: This is an Indicated resource for zinc at the Cold Lake deposit, part of the new MRE, contributing to the polymetallic nature of the VMS deposit. - Positive factor: Part of a new NI 43-101 MRE for the project - Positive factor: Indicated resource category provides good confidence Evidence · table > 0.58 Context: 0.31 #### 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 **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/t2-metals-announces-ni-43-101-mineral-resource-estimate-at-the-sherridon-copper--da57ac70-c383-46e6-b0a7-653306d39f8e#fact-resource-facts-7) Sherridon Copper-Zinc-Gold-Silver Project · gold #### Identity - Project: Sherridon Copper-Zinc-Gold-Silver Project - Commodity: gold - Region: canada\_mb - Reported Region: Manitoba, Canada - Ticker: TWO #### Resource scope - Estimate type: resource - Effective date: 2026-04-22T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Geoffrey Reed, Anders Hogrelius, Bouke van \`t Riet - Resource group id: resource:1e6096797c9850d993c2 - Deposit or zone: Cold Lake - Mining method: underground #### Resource Data - Category: indicated - Tonnes: 310000 - Grade: 0.46 - Grade Unit: g/t - Cutoff Grade: 55 - Cutoff Unit: US$/t #### Prior Estimate - Resource Date: 2026-04-22 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-05-07T00:00:00.000Z Reasoning: This is an Indicated resource for gold at the Cold Lake deposit, part of the new MRE, contributing as a byproduct to the overall project economics. - Positive factor: Part of a new NI 43-101 MRE for the project - Positive factor: Indicated resource category provides good confidence Evidence · table > 0.46 Context: 0.31 #### 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 **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/t2-metals-announces-ni-43-101-mineral-resource-estimate-at-the-sherridon-copper--da57ac70-c383-46e6-b0a7-653306d39f8e#fact-resource-facts-8) Sherridon Copper-Zinc-Gold-Silver Project · silver #### Identity - Project: Sherridon Copper-Zinc-Gold-Silver Project - Commodity: silver - Region: canada\_mb - Reported Region: Manitoba, Canada - Ticker: TWO #### Resource scope - Estimate type: resource - Effective date: 2026-04-22T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Geoffrey Reed, Anders Hogrelius, Bouke van \`t Riet - Resource group id: resource:1e6096797c9850d993c2 - Deposit or zone: Cold Lake - Mining method: underground #### Resource Data - Category: indicated - Tonnes: 310000 - Grade: 7 - Grade Unit: g/t - Cutoff Grade: 55 - Cutoff Unit: US$/t #### Prior Estimate - Resource Date: 2026-04-22 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-05-07T00:00:00.000Z Reasoning: This is an Indicated resource for silver at the Cold Lake deposit, part of the new MRE, contributing as a byproduct to the overall project economics. - Positive factor: Part of a new NI 43-101 MRE for the project - Positive factor: Indicated resource category provides good confidence Evidence · table > 7.00 Context: 0.31 #### 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 **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/t2-metals-announces-ni-43-101-mineral-resource-estimate-at-the-sherridon-copper--da57ac70-c383-46e6-b0a7-653306d39f8e#fact-resource-facts-9) Sherridon Copper-Zinc-Gold-Silver Project · copper #### Identity - Project: Sherridon Copper-Zinc-Gold-Silver Project - Commodity: copper - Region: canada\_mb - Reported Region: Manitoba, Canada - Ticker: TWO #### Resource scope - Estimate type: resource - Effective date: 2026-04-22T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Geoffrey Reed, Anders Hogrelius, Bouke van \`t Riet - Resource group id: resource:1e6096797c9850d993c2 - Deposit or zone: Cold Lake - Mining method: underground #### Resource Data - Category: indicated - Tonnes: 310000 - Cutoff Grade: 55 - Cutoff Unit: US$/t #### Prior Estimate - Resource Date: 2026-04-22 #### Metal Equivalent - Metal Eq. Grade: 0.94 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-05-07T00:00:00.000Z Reasoning: This is an Indicated resource for copper equivalent at the Cold Lake deposit, part of the new MRE, providing a combined value for the polymetallic VMS deposit. - Positive factor: Part of a new NI 43-101 MRE for the project - Positive factor: Indicated resource category provides good confidence - Positive factor: Metal equivalent grade provides a combined value for polymetallic deposit Evidence · table > 0.94 Context: 0.31 #### 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 **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/t2-metals-announces-ni-43-101-mineral-resource-estimate-at-the-sherridon-copper--da57ac70-c383-46e6-b0a7-653306d39f8e#fact-resource-facts-10) Sherridon Copper-Zinc-Gold-Silver Project · copper #### Identity - Project: Sherridon Copper-Zinc-Gold-Silver Project - Commodity: copper - Region: canada\_mb - Reported Region: Manitoba, Canada - Ticker: TWO #### Resource scope - Estimate type: resource - Effective date: 2026-04-22T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Geoffrey Reed, Anders Hogrelius, Bouke van \`t Riet - Resource group id: resource:1806551e830bdce80b29 - Deposit or zone: Lost Lake - Mining method: open\_pit #### Resource Data - Category: indicated - Tonnes: 1890000 - Grade: 0.61 - Grade Unit: % - Contained Metal: 25.48 - Contained Unit: m lb - Cutoff Grade: 20 - Cutoff Unit: US$/t #### Prior Estimate - Resource Date: 2026-04-22 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-05-07T00:00:00.000Z Reasoning: This is an Indicated resource for copper at the Lost Lake deposit, part of the new MRE, with a strong grade for open pit VMS and good confidence. - Positive factor: Part of a new NI 43-101 MRE for the project - Positive factor: Indicated resource category provides good confidence - Positive factor: Open pit mining method suggests lower operating costs - Positive factor: Strong copper grade for VMS deposit Evidence · table > 0.61 Context: 1.89 #### 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 **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/t2-metals-announces-ni-43-101-mineral-resource-estimate-at-the-sherridon-copper--da57ac70-c383-46e6-b0a7-653306d39f8e#fact-resource-facts-11) Sherridon Copper-Zinc-Gold-Silver Project · zinc #### Identity - Project: Sherridon Copper-Zinc-Gold-Silver Project - Commodity: zinc - Region: canada\_mb - Reported Region: Manitoba, Canada - Ticker: TWO #### Resource scope - Estimate type: resource - Effective date: 2026-04-22T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Geoffrey Reed, Anders Hogrelius, Bouke van \`t Riet - Resource group id: resource:1806551e830bdce80b29 - Deposit or zone: Lost Lake - Mining method: open\_pit #### Resource Data - Category: indicated - Tonnes: 1890000 - Grade: 2.25 - Grade Unit: % - Contained Metal: 93.97 - Contained Unit: m lb - Cutoff Grade: 20 - Cutoff Unit: US$/t #### Prior Estimate - Resource Date: 2026-04-22 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-05-07T00:00:00.000Z Reasoning: This is an Indicated resource for zinc at the Lost Lake deposit, part of the new MRE, with a strong grade for open pit VMS, contributing significantly to the polymetallic nature. - Positive factor: Part of a new NI 43-101 MRE for the project - Positive factor: Indicated resource category provides good confidence - Positive factor: Open pit mining method suggests lower operating costs - Positive factor: Strong zinc grade for VMS deposit Evidence · table > 2.25 Context: 1.89 #### 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 **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/t2-metals-announces-ni-43-101-mineral-resource-estimate-at-the-sherridon-copper--da57ac70-c383-46e6-b0a7-653306d39f8e#fact-resource-facts-12) Sherridon Copper-Zinc-Gold-Silver Project · gold #### Identity - Project: Sherridon Copper-Zinc-Gold-Silver Project - Commodity: gold - Region: canada\_mb - Reported Region: Manitoba, Canada - Ticker: TWO #### Resource scope - Estimate type: resource - Effective date: 2026-04-22T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Geoffrey Reed, Anders Hogrelius, Bouke van \`t Riet - Resource group id: resource:1806551e830bdce80b29 - Deposit or zone: Lost Lake - Mining method: open\_pit #### Resource Data - Category: indicated - Tonnes: 1890000 - Grade: 0.59 - Grade Unit: g/t - Cutoff Grade: 20 - Cutoff Unit: US$/t #### Prior Estimate - Resource Date: 2026-04-22 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-05-07T00:00:00.000Z Reasoning: This is an Indicated resource for gold at the Lost Lake deposit, part of the new MRE, contributing as a byproduct to the overall project economics. - Positive factor: Part of a new NI 43-101 MRE for the project - Positive factor: Indicated resource category provides good confidence Evidence · table > 0.59 Context: 1.89 #### 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 **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/t2-metals-announces-ni-43-101-mineral-resource-estimate-at-the-sherridon-copper--da57ac70-c383-46e6-b0a7-653306d39f8e#fact-resource-facts-13) Sherridon Copper-Zinc-Gold-Silver Project · silver #### Identity - Project: Sherridon Copper-Zinc-Gold-Silver Project - Commodity: silver - Region: canada\_mb - Reported Region: Manitoba, Canada - Ticker: TWO #### Resource scope - Estimate type: resource - Effective date: 2026-04-22T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Geoffrey Reed, Anders Hogrelius, Bouke van \`t Riet - Resource group id: resource:1806551e830bdce80b29 - Deposit or zone: Lost Lake - Mining method: open\_pit #### Resource Data - Category: indicated - Tonnes: 1890000 - Grade: 8 - Grade Unit: g/t - Cutoff Grade: 20 - Cutoff Unit: US$/t #### Prior Estimate - Resource Date: 2026-04-22 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-05-07T00:00:00.000Z Reasoning: This is an Indicated resource for silver at the Lost Lake deposit, part of the new MRE, contributing as a byproduct to the overall project economics. - Positive factor: Part of a new NI 43-101 MRE for the project - Positive factor: Indicated resource category provides good confidence Evidence · table > 8.00 Context: 1.89 #### 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 **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/t2-metals-announces-ni-43-101-mineral-resource-estimate-at-the-sherridon-copper--da57ac70-c383-46e6-b0a7-653306d39f8e#fact-resource-facts-14) Sherridon Copper-Zinc-Gold-Silver Project · copper #### Identity - Project: Sherridon Copper-Zinc-Gold-Silver Project - Commodity: copper - Region: canada\_mb - Reported Region: Manitoba, Canada - Ticker: TWO #### Resource scope - Estimate type: resource - Effective date: 2026-04-22T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Geoffrey Reed, Anders Hogrelius, Bouke van \`t Riet - Resource group id: resource:1806551e830bdce80b29 - Deposit or zone: Lost Lake - Mining method: open\_pit #### Resource Data - Category: indicated - Tonnes: 1890000 - Cutoff Grade: 20 - Cutoff Unit: US$/t #### Prior Estimate - Resource Date: 2026-04-22 #### Metal Equivalent - Metal Eq. Grade: 2.13 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-05-07T00:00:00.000Z Reasoning: This is an Indicated resource for copper equivalent at the Lost Lake deposit, part of the new MRE, showing a high combined value for the polymetallic VMS deposit. - Positive factor: Part of a new NI 43-101 MRE for the project - Positive factor: Indicated resource category provides good confidence - Positive factor: High metal equivalent grade for polymetallic deposit Evidence · table > 2.13 Context: 1.89 #### 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 **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/t2-metals-announces-ni-43-101-mineral-resource-estimate-at-the-sherridon-copper--da57ac70-c383-46e6-b0a7-653306d39f8e#fact-resource-facts-15) Sherridon Copper-Zinc-Gold-Silver Project · copper #### Identity - Project: Sherridon Copper-Zinc-Gold-Silver Project - Commodity: copper - Region: canada\_mb - Reported Region: Manitoba, Canada - Ticker: TWO #### Resource scope - Estimate type: resource - Effective date: 2026-04-22T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Geoffrey Reed, Anders Hogrelius, Bouke van \`t Riet - Resource group id: resource:c30e22bdcb293578a606 - Deposit or zone: Bob - Mining method: open\_pit #### Resource Data - Category: indicated - Tonnes: 3230000 - Grade: 0.34 - Grade Unit: % - Contained Metal: 24.22 - Contained Unit: m lb - Cutoff Grade: 20 - Cutoff Unit: US$/t #### Prior Estimate - Resource Date: 2026-04-22 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-05-07T00:00:00.000Z Reasoning: This is an Indicated resource for copper at the Bob deposit, part of the new MRE, with a moderate grade for open pit VMS and good confidence. - Positive factor: Part of a new NI 43-101 MRE for the project - Positive factor: Indicated resource category provides good confidence - Positive factor: Open pit mining method suggests lower operating costs Evidence · table > 0.34 Context: 3.23 #### 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 **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/t2-metals-announces-ni-43-101-mineral-resource-estimate-at-the-sherridon-copper--da57ac70-c383-46e6-b0a7-653306d39f8e#fact-resource-facts-16) Sherridon Copper-Zinc-Gold-Silver Project · zinc #### Identity - Project: Sherridon Copper-Zinc-Gold-Silver Project - Commodity: zinc - Region: canada\_mb - Reported Region: Manitoba, Canada - Ticker: TWO #### Resource scope - Estimate type: resource - Effective date: 2026-04-22T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Geoffrey Reed, Anders Hogrelius, Bouke van \`t Riet - Resource group id: resource:c30e22bdcb293578a606 - Deposit or zone: Bob - Mining method: open\_pit #### Resource Data - Category: indicated - Tonnes: 3230000 - Grade: 0.33 - Grade Unit: % - Contained Metal: 23.5 - Contained Unit: m lb - Cutoff Grade: 20 - Cutoff Unit: US$/t #### Prior Estimate - Resource Date: 2026-04-22 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-05-07T00:00:00.000Z Reasoning: This is an Indicated resource for zinc at the Bob deposit, part of the new MRE, contributing to the polymetallic nature of the VMS deposit. - Positive factor: Part of a new NI 43-101 MRE for the project - Positive factor: Indicated resource category provides good confidence - Positive factor: Open pit mining method suggests lower operating costs Evidence · table > 0.33 Context: 3.23 #### 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 **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/t2-metals-announces-ni-43-101-mineral-resource-estimate-at-the-sherridon-copper--da57ac70-c383-46e6-b0a7-653306d39f8e#fact-resource-facts-17) Sherridon Copper-Zinc-Gold-Silver Project · gold #### Identity - Project: Sherridon Copper-Zinc-Gold-Silver Project - Commodity: gold - Region: canada\_mb - Reported Region: Manitoba, Canada - Ticker: TWO #### Resource scope - Estimate type: resource - Effective date: 2026-04-22T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Geoffrey Reed, Anders Hogrelius, Bouke van \`t Riet - Resource group id: resource:c30e22bdcb293578a606 - Deposit or zone: Bob - Mining method: open\_pit #### Resource Data - Category: indicated - Tonnes: 3230000 - Grade: 0.27 - Grade Unit: g/t - Cutoff Grade: 20 - Cutoff Unit: US$/t #### Prior Estimate - Resource Date: 2026-04-22 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-05-07T00:00:00.000Z Reasoning: This is an Indicated resource for gold at the Bob deposit, part of the new MRE, contributing as a byproduct to the overall project economics. - Positive factor: Part of a new NI 43-101 MRE for the project - Positive factor: Indicated resource category provides good confidence Evidence · table > 0.27 Context: 3.23 #### 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 **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/t2-metals-announces-ni-43-101-mineral-resource-estimate-at-the-sherridon-copper--da57ac70-c383-46e6-b0a7-653306d39f8e#fact-resource-facts-18) Sherridon Copper-Zinc-Gold-Silver Project · silver #### Identity - Project: Sherridon Copper-Zinc-Gold-Silver Project - Commodity: silver - Region: canada\_mb - Reported Region: Manitoba, Canada - Ticker: TWO #### Resource scope - Estimate type: resource - Effective date: 2026-04-22T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Geoffrey Reed, Anders Hogrelius, Bouke van \`t Riet - Resource group id: resource:c30e22bdcb293578a606 - Deposit or zone: Bob - Mining method: open\_pit #### Resource Data - Category: indicated - Tonnes: 3230000 - Grade: 3.9 - Grade Unit: g/t - Cutoff Grade: 20 - Cutoff Unit: US$/t #### Prior Estimate - Resource Date: 2026-04-22 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-05-07T00:00:00.000Z Reasoning: This is an Indicated resource for silver at the Bob deposit, part of the new MRE, contributing as a byproduct to the overall project economics. - Positive factor: Part of a new NI 43-101 MRE for the project - Positive factor: Indicated resource category provides good confidence Evidence · table > 3.90 Context: 3.23 #### 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 **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/t2-metals-announces-ni-43-101-mineral-resource-estimate-at-the-sherridon-copper--da57ac70-c383-46e6-b0a7-653306d39f8e#fact-resource-facts-19) Sherridon Copper-Zinc-Gold-Silver Project · copper #### Identity - Project: Sherridon Copper-Zinc-Gold-Silver Project - Commodity: copper - Region: canada\_mb - Reported Region: Manitoba, Canada - Ticker: TWO #### Resource scope - Estimate type: resource - Effective date: 2026-04-22T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Geoffrey Reed, Anders Hogrelius, Bouke van \`t Riet - Resource group id: resource:c30e22bdcb293578a606 - Deposit or zone: Bob - Mining method: open\_pit #### Resource Data - Category: indicated - Tonnes: 3230000 - Cutoff Grade: 20 - Cutoff Unit: US$/t #### Prior Estimate - Resource Date: 2026-04-22 #### Metal Equivalent - Metal Eq. Grade: 0.69 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-05-07T00:00:00.000Z Reasoning: This is an Indicated resource for copper equivalent at the Bob deposit, part of the new MRE, providing a combined value for the polymetallic VMS deposit. - Positive factor: Part of a new NI 43-101 MRE for the project - Positive factor: Indicated resource category provides good confidence - Positive factor: Metal equivalent grade provides a combined value for polymetallic deposit Evidence · table > 0.69 Context: 3.23 #### 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 **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/t2-metals-announces-ni-43-101-mineral-resource-estimate-at-the-sherridon-copper--da57ac70-c383-46e6-b0a7-653306d39f8e#fact-resource-facts-20) Sherridon Copper-Zinc-Gold-Silver Project · copper #### Identity - Project: Sherridon Copper-Zinc-Gold-Silver Project - Commodity: copper - Region: canada\_mb - Reported Region: Manitoba, Canada - Ticker: TWO #### Resource scope - Estimate type: resource - Effective date: 2026-04-22T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Geoffrey Reed, Anders Hogrelius, Bouke van \`t Riet - Resource group id: resource:a2b917dd15cee0d5cec5 - Deposit or zone: Bob - Mining method: underground #### Resource Data - Category: indicated - Tonnes: 990000 - Grade: 0.34 - Grade Unit: % - Contained Metal: 7.43 - Contained Unit: m lb - Cutoff Grade: 55 - Cutoff Unit: US$/t #### Prior Estimate - Resource Date: 2026-04-22 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-05-07T00:00:00.000Z Reasoning: This is an Indicated resource for copper at the Bob deposit, part of the new MRE, with a moderate grade for underground VMS. - Positive factor: Part of a new NI 43-101 MRE for the project - Positive factor: Indicated resource category provides good confidence Evidence · table > 0.34 Context: 0.99 #### 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 **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/t2-metals-announces-ni-43-101-mineral-resource-estimate-at-the-sherridon-copper--da57ac70-c383-46e6-b0a7-653306d39f8e#fact-resource-facts-21) Sherridon Copper-Zinc-Gold-Silver Project · zinc #### Identity - Project: Sherridon Copper-Zinc-Gold-Silver Project - Commodity: zinc - Region: canada\_mb - Reported Region: Manitoba, Canada - Ticker: TWO #### Resource scope - Estimate type: resource - Effective date: 2026-04-22T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Geoffrey Reed, Anders Hogrelius, Bouke van \`t Riet - Resource group id: resource:a2b917dd15cee0d5cec5 - Deposit or zone: Bob - Mining method: underground #### Resource Data - Category: indicated - Tonnes: 990000 - Grade: 0.64 - Grade Unit: % - Contained Metal: 13.99 - Contained Unit: m lb - Cutoff Grade: 55 - Cutoff Unit: US$/t #### Prior Estimate - Resource Date: 2026-04-22 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-05-07T00:00:00.000Z Reasoning: This is an Indicated resource for zinc at the Bob deposit, part of the new MRE, contributing to the polymetallic nature of the VMS deposit. - Positive factor: Part of a new NI 43-101 MRE for the project - Positive factor: Indicated resource category provides good confidence Evidence · table > 0.64 Context: 0.99 #### 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 **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/t2-metals-announces-ni-43-101-mineral-resource-estimate-at-the-sherridon-copper--da57ac70-c383-46e6-b0a7-653306d39f8e#fact-resource-facts-22) Sherridon Copper-Zinc-Gold-Silver Project · gold #### Identity - Project: Sherridon Copper-Zinc-Gold-Silver Project - Commodity: gold - Region: canada\_mb - Reported Region: Manitoba, Canada - Ticker: TWO #### Resource scope - Estimate type: resource - Effective date: 2026-04-22T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Geoffrey Reed, Anders Hogrelius, Bouke van \`t Riet - Resource group id: resource:a2b917dd15cee0d5cec5 - Deposit or zone: Bob - Mining method: underground #### Resource Data - Category: indicated - Tonnes: 990000 - Grade: 0.4 - Grade Unit: g/t - Cutoff Grade: 55 - Cutoff Unit: US$/t #### Prior Estimate - Resource Date: 2026-04-22 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-05-07T00:00:00.000Z Reasoning: This is an Indicated resource for gold at the Bob deposit, part of the new MRE, contributing as a byproduct to the overall project economics. - Positive factor: Part of a new NI 43-101 MRE for the project - Positive factor: Indicated resource category provides good confidence Evidence · table > 0.40 Context: 0.99 #### 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 **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/t2-metals-announces-ni-43-101-mineral-resource-estimate-at-the-sherridon-copper--da57ac70-c383-46e6-b0a7-653306d39f8e#fact-resource-facts-23) Sherridon Copper-Zinc-Gold-Silver Project · silver #### Identity - Project: Sherridon Copper-Zinc-Gold-Silver Project - Commodity: silver - Region: canada\_mb - Reported Region: Manitoba, Canada - Ticker: TWO #### Resource scope - Estimate type: resource - Effective date: 2026-04-22T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Geoffrey Reed, Anders Hogrelius, Bouke van \`t Riet - Resource group id: resource:a2b917dd15cee0d5cec5 - Deposit or zone: Bob - Mining method: underground #### Resource Data - Category: indicated - Tonnes: 990000 - Grade: 5.02 - Grade Unit: g/t - Cutoff Grade: 55 - Cutoff Unit: US$/t #### Prior Estimate - Resource Date: 2026-04-22 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-05-07T00:00:00.000Z Reasoning: This is an Indicated resource for silver at the Bob deposit, part of the new MRE, contributing as a byproduct to the overall project economics. - Positive factor: Part of a new NI 43-101 MRE for the project - Positive factor: Indicated resource category provides good confidence Evidence · table > 5.02 Context: 0.99 #### 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 **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/t2-metals-announces-ni-43-101-mineral-resource-estimate-at-the-sherridon-copper--da57ac70-c383-46e6-b0a7-653306d39f8e#fact-resource-facts-24) Sherridon Copper-Zinc-Gold-Silver Project · copper #### Identity - Project: Sherridon Copper-Zinc-Gold-Silver Project - Commodity: copper - Region: canada\_mb - Reported Region: Manitoba, Canada - Ticker: TWO #### Resource scope - Estimate type: resource - Effective date: 2026-04-22T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Geoffrey Reed, Anders Hogrelius, Bouke van \`t Riet - Resource group id: resource:a2b917dd15cee0d5cec5 - Deposit or zone: Bob - Mining method: underground #### Resource Data - Category: indicated - Tonnes: 990000 - Cutoff Grade: 55 - Cutoff Unit: US$/t #### Prior Estimate - Resource Date: 2026-04-22 #### Metal Equivalent - Metal Eq. Grade: 0.93 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-05-07T00:00:00.000Z Reasoning: This is an Indicated resource for copper equivalent at the Bob deposit, part of the new MRE, providing a combined value for the polymetallic VMS deposit. - Positive factor: Part of a new NI 43-101 MRE for the project - Positive factor: Indicated resource category provides good confidence - Positive factor: Metal equivalent grade provides a combined value for polymetallic deposit Evidence · table > 0.93 Context: 0.99 #### 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 **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/t2-metals-announces-ni-43-101-mineral-resource-estimate-at-the-sherridon-copper--da57ac70-c383-46e6-b0a7-653306d39f8e#fact-resource-facts-25) Sherridon Copper-Zinc-Gold-Silver Project · copper #### Identity - Project: Sherridon Copper-Zinc-Gold-Silver Project - Commodity: copper - Region: canada\_mb - Reported Region: Manitoba, Canada - Ticker: TWO #### Resource scope - Estimate type: resource - Effective date: 2026-04-22T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Geoffrey Reed, Anders Hogrelius, Bouke van \`t Riet - Resource group id: resource:50efc12ab4d2c2452ae4 - Deposit or zone: Jungle - Mining method: open\_pit #### Resource Data - Category: indicated - Tonnes: 2310000 - Grade: 0.33 - Grade Unit: % - Contained Metal: 16.77 - Contained Unit: m lb - Cutoff Grade: 20 - Cutoff Unit: US$/t #### Prior Estimate - Resource Date: 2026-04-22 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-05-07T00:00:00.000Z Reasoning: This is an Indicated resource for copper at the Jungle deposit, part of the new MRE, with a moderate grade for open pit VMS and good confidence. - Positive factor: Part of a new NI 43-101 MRE for the project - Positive factor: Indicated resource category provides good confidence - Positive factor: Open pit mining method suggests lower operating costs Evidence · table > 0.33 Context: 2.31 #### 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 **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/t2-metals-announces-ni-43-101-mineral-resource-estimate-at-the-sherridon-copper--da57ac70-c383-46e6-b0a7-653306d39f8e#fact-resource-facts-26) Sherridon Copper-Zinc-Gold-Silver Project · zinc #### Identity - Project: Sherridon Copper-Zinc-Gold-Silver Project - Commodity: zinc - Region: canada\_mb - Reported Region: Manitoba, Canada - Ticker: TWO #### Resource scope - Estimate type: resource - Effective date: 2026-04-22T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Geoffrey Reed, Anders Hogrelius, Bouke van \`t Riet - Resource group id: resource:50efc12ab4d2c2452ae4 - Deposit or zone: Jungle - Mining method: open\_pit #### Resource Data - Category: indicated - Tonnes: 2310000 - Grade: 0.3 - Grade Unit: % - Contained Metal: 15.25 - Contained Unit: m lb - Cutoff Grade: 20 - Cutoff Unit: US$/t #### Prior Estimate - Resource Date: 2026-04-22 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-05-07T00:00:00.000Z Reasoning: This is an Indicated resource for zinc at the Jungle deposit, part of the new MRE, contributing to the polymetallic nature of the VMS deposit. - Positive factor: Part of a new NI 43-101 MRE for the project - Positive factor: Indicated resource category provides good confidence - Positive factor: Open pit mining method suggests lower operating costs Evidence · table > 0.3 Context: 2.31 #### 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 **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/t2-metals-announces-ni-43-101-mineral-resource-estimate-at-the-sherridon-copper--da57ac70-c383-46e6-b0a7-653306d39f8e#fact-resource-facts-27) Sherridon Copper-Zinc-Gold-Silver Project · gold #### Identity - Project: Sherridon Copper-Zinc-Gold-Silver Project - Commodity: gold - Region: canada\_mb - Reported Region: Manitoba, Canada - Ticker: TWO #### Resource scope - Estimate type: resource - Effective date: 2026-04-22T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Geoffrey Reed, Anders Hogrelius, Bouke van \`t Riet - Resource group id: resource:50efc12ab4d2c2452ae4 - Deposit or zone: Jungle - Mining method: open\_pit #### Resource Data - Category: indicated - Tonnes: 2310000 - Grade: 0.08 - Grade Unit: g/t - Cutoff Grade: 20 - Cutoff Unit: US$/t #### Prior Estimate - Resource Date: 2026-04-22 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-05-07T00:00:00.000Z Reasoning: This is an Indicated resource for gold at the Jungle deposit, part of the new MRE, contributing as a byproduct to the overall project economics. - Positive factor: Part of a new NI 43-101 MRE for the project - Positive factor: Indicated resource category provides good confidence Evidence · table > 0.08 Context: 2.31 #### 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 **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/t2-metals-announces-ni-43-101-mineral-resource-estimate-at-the-sherridon-copper--da57ac70-c383-46e6-b0a7-653306d39f8e#fact-resource-facts-28) Sherridon Copper-Zinc-Gold-Silver Project · silver #### Identity - Project: Sherridon Copper-Zinc-Gold-Silver Project - Commodity: silver - Region: canada\_mb - Reported Region: Manitoba, Canada - Ticker: TWO #### Resource scope - Estimate type: resource - Effective date: 2026-04-22T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Geoffrey Reed, Anders Hogrelius, Bouke van \`t Riet - Resource group id: resource:50efc12ab4d2c2452ae4 - Deposit or zone: Jungle - Mining method: open\_pit #### Resource Data - Category: indicated - Tonnes: 2310000 - Grade: 2.83 - Grade Unit: g/t - Cutoff Grade: 20 - Cutoff Unit: US$/t #### Prior Estimate - Resource Date: 2026-04-22 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-05-07T00:00:00.000Z Reasoning: This is an Indicated resource for silver at the Jungle deposit, part of the new MRE, contributing as a byproduct to the overall project economics. - Positive factor: Part of a new NI 43-101 MRE for the project - Positive factor: Indicated resource category provides good confidence Evidence · table > 2.83 Context: 2.31 #### 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 **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/t2-metals-announces-ni-43-101-mineral-resource-estimate-at-the-sherridon-copper--da57ac70-c383-46e6-b0a7-653306d39f8e#fact-resource-facts-29) Sherridon Copper-Zinc-Gold-Silver Project · copper #### Identity - Project: Sherridon Copper-Zinc-Gold-Silver Project - Commodity: copper - Region: canada\_mb - Reported Region: Manitoba, Canada - Ticker: TWO #### Resource scope - Estimate type: resource - Effective date: 2026-04-22T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Geoffrey Reed, Anders Hogrelius, Bouke van \`t Riet - Resource group id: resource:50efc12ab4d2c2452ae4 - Deposit or zone: Jungle - Mining method: open\_pit #### Resource Data - Category: indicated - Tonnes: 2310000 - Cutoff Grade: 20 - Cutoff Unit: US$/t #### Prior Estimate - Resource Date: 2026-04-22 #### Metal Equivalent - Metal Eq. Grade: 0.53 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-05-07T00:00:00.000Z Reasoning: This is an Indicated resource for copper equivalent at the Jungle deposit, part of the new MRE, providing a combined value for the polymetallic VMS deposit. - Positive factor: Part of a new NI 43-101 MRE for the project - Positive factor: Indicated resource category provides good confidence - Positive factor: Metal equivalent grade provides a combined value for polymetallic deposit Evidence · table > 0.53 Context: 2.31 #### 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 **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/t2-metals-announces-ni-43-101-mineral-resource-estimate-at-the-sherridon-copper--da57ac70-c383-46e6-b0a7-653306d39f8e#fact-resource-facts-30) Sherridon Copper-Zinc-Gold-Silver Project · copper #### Identity - Project: Sherridon Copper-Zinc-Gold-Silver Project - Commodity: copper - Region: canada\_mb - Reported Region: Manitoba, Canada - Ticker: TWO #### Resource scope - Estimate type: resource - Effective date: 2026-04-22T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Geoffrey Reed, Anders Hogrelius, Bouke van \`t Riet - Resource group id: resource:3acfa7c4cceee3cdd543 - Deposit or zone: Jungle - Mining method: underground #### Resource Data - Category: indicated - Tonnes: 650000 - Grade: 0.33 - Grade Unit: % - Contained Metal: 4.74 - Contained Unit: m lb - Cutoff Grade: 55 - Cutoff Unit: US$/t #### Prior Estimate - Resource Date: 2026-04-22 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-05-07T00:00:00.000Z Reasoning: This is an Indicated resource for copper at the Jungle deposit, part of the new MRE, with a moderate grade for underground VMS. - Positive factor: Part of a new NI 43-101 MRE for the project - Positive factor: Indicated resource category provides good confidence Evidence · table > 0.33 Context: 0.65 #### 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 **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/t2-metals-announces-ni-43-101-mineral-resource-estimate-at-the-sherridon-copper--da57ac70-c383-46e6-b0a7-653306d39f8e#fact-resource-facts-31) Sherridon Copper-Zinc-Gold-Silver Project · zinc #### Identity - Project: Sherridon Copper-Zinc-Gold-Silver Project - Commodity: zinc - Region: canada\_mb - Reported Region: Manitoba, Canada - Ticker: TWO #### Resource scope - Estimate type: resource - Effective date: 2026-04-22T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Geoffrey Reed, Anders Hogrelius, Bouke van \`t Riet - Resource group id: resource:3acfa7c4cceee3cdd543 - Deposit or zone: Jungle - Mining method: underground #### Resource Data - Category: indicated - Tonnes: 650000 - Grade: 1.58 - Grade Unit: % - Contained Metal: 22.7 - Contained Unit: m lb - Cutoff Grade: 55 - Cutoff Unit: US$/t #### Prior Estimate - Resource Date: 2026-04-22 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-05-07T00:00:00.000Z Reasoning: This is an Indicated resource for zinc at the Jungle deposit, part of the new MRE, with a strong grade for underground VMS, contributing significantly to the polymetallic nature. - Positive factor: Part of a new NI 43-101 MRE for the project - Positive factor: Indicated resource category provides good confidence - Positive factor: Strong zinc grade for VMS deposit Evidence · table > 1.58 Context: 0.65 #### 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 **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/t2-metals-announces-ni-43-101-mineral-resource-estimate-at-the-sherridon-copper--da57ac70-c383-46e6-b0a7-653306d39f8e#fact-resource-facts-32) Sherridon Copper-Zinc-Gold-Silver Project · gold #### Identity - Project: Sherridon Copper-Zinc-Gold-Silver Project - Commodity: gold - Region: canada\_mb - Reported Region: Manitoba, Canada - Ticker: TWO #### Resource scope - Estimate type: resource - Effective date: 2026-04-22T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Geoffrey Reed, Anders Hogrelius, Bouke van \`t Riet - Resource group id: resource:3acfa7c4cceee3cdd543 - Deposit or zone: Jungle - Mining method: underground #### Resource Data - Category: indicated - Tonnes: 650000 - Grade: 0.09 - Grade Unit: g/t - Cutoff Grade: 55 - Cutoff Unit: US$/t #### Prior Estimate - Resource Date: 2026-04-22 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-05-07T00:00:00.000Z Reasoning: This is an Indicated resource for gold at the Jungle deposit, part of the new MRE, contributing as a byproduct to the overall project economics. - Positive factor: Part of a new NI 43-101 MRE for the project - Positive factor: Indicated resource category provides good confidence Evidence · table > 0.09 Context: 0.65 #### 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 **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/t2-metals-announces-ni-43-101-mineral-resource-estimate-at-the-sherridon-copper--da57ac70-c383-46e6-b0a7-653306d39f8e#fact-resource-facts-33) Sherridon Copper-Zinc-Gold-Silver Project · silver #### Identity - Project: Sherridon Copper-Zinc-Gold-Silver Project - Commodity: silver - Region: canada\_mb - Reported Region: Manitoba, Canada - Ticker: TWO #### Resource scope - Estimate type: resource - Effective date: 2026-04-22T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Geoffrey Reed, Anders Hogrelius, Bouke van \`t Riet - Resource group id: resource:3acfa7c4cceee3cdd543 - Deposit or zone: Jungle - Mining method: underground #### Resource Data - Category: indicated - Tonnes: 650000 - Grade: 2.5 - Grade Unit: g/t - Cutoff Grade: 55 - Cutoff Unit: US$/t #### Prior Estimate - Resource Date: 2026-04-22 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-05-07T00:00:00.000Z Reasoning: This is an Indicated resource for silver at the Jungle deposit, part of the new MRE, contributing as a byproduct to the overall project economics. - Positive factor: Part of a new NI 43-101 MRE for the project - Positive factor: Indicated resource category provides good confidence Evidence · table > 2.5 Context: 0.65 #### 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 **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/t2-metals-announces-ni-43-101-mineral-resource-estimate-at-the-sherridon-copper--da57ac70-c383-46e6-b0a7-653306d39f8e#fact-resource-facts-34) Sherridon Copper-Zinc-Gold-Silver Project · copper #### Identity - Project: Sherridon Copper-Zinc-Gold-Silver Project - Commodity: copper - Region: canada\_mb - Reported Region: Manitoba, Canada - Ticker: TWO #### Resource scope - Estimate type: resource - Effective date: 2026-04-22T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Geoffrey Reed, Anders Hogrelius, Bouke van \`t Riet - Resource group id: resource:3acfa7c4cceee3cdd543 - Deposit or zone: Jungle - Mining method: underground #### Resource Data - Category: indicated - Tonnes: 650000 - Cutoff Grade: 55 - Cutoff Unit: US$/t #### Prior Estimate - Resource Date: 2026-04-22 #### Metal Equivalent - Metal Eq. Grade: 1.17 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-05-07T00:00:00.000Z Reasoning: This is an Indicated resource for copper equivalent at the Jungle deposit, part of the new MRE, providing a combined value for the polymetallic VMS deposit. - Positive factor: Part of a new NI 43-101 MRE for the project - Positive factor: Indicated resource category provides good confidence - Positive factor: Metal equivalent grade provides a combined value for polymetallic deposit Evidence · table > 1.17 Context: 0.65 #### 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 **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/t2-metals-announces-ni-43-101-mineral-resource-estimate-at-the-sherridon-copper--da57ac70-c383-46e6-b0a7-653306d39f8e#fact-resource-facts-35) Sherridon Copper-Zinc-Gold-Silver Project · copper #### Identity - Project: Sherridon Copper-Zinc-Gold-Silver Project - Commodity: copper - Region: canada\_mb - Reported Region: Manitoba, Canada - Ticker: TWO #### Resource scope - Estimate type: resource - Effective date: 2026-04-22T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Geoffrey Reed, Anders Hogrelius, Bouke van \`t Riet - Resource group id: resource:3c75cfe3cab7dd88b6ce - Deposit or zone: Total Indicated - Mining method: open\_pit #### Resource Data - Category: indicated - Tonnes: 8080000 - Grade: 0.4 - Grade Unit: % - Contained Metal: 71.49 - Contained Unit: m lb - Cutoff Grade: 20 - Cutoff Unit: US$/t #### Prior Estimate - Resource Date: 2026-04-22 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-05-07T00:00:00.000Z Reasoning: This is the total Indicated resource for copper in the open pit portion of the Sherridon project, representing a significant contained metal amount. - Positive factor: Part of a new NI 43-101 MRE for the project - Positive factor: Indicated resource category provides good confidence - Positive factor: Significant contained copper in the open pit portion Evidence · table > 0.4 Context: 8.08 #### 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 **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/t2-metals-announces-ni-43-101-mineral-resource-estimate-at-the-sherridon-copper--da57ac70-c383-46e6-b0a7-653306d39f8e#fact-resource-facts-36) Sherridon Copper-Zinc-Gold-Silver Project · zinc #### Identity - Project: Sherridon Copper-Zinc-Gold-Silver Project - Commodity: zinc - Region: canada\_mb - Reported Region: Manitoba, Canada - Ticker: TWO #### Resource scope - Estimate type: resource - Effective date: 2026-04-22T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Geoffrey Reed, Anders Hogrelius, Bouke van \`t Riet - Resource group id: resource:3c75cfe3cab7dd88b6ce - Deposit or zone: Total Indicated - Mining method: open\_pit #### Resource Data - Category: indicated - Tonnes: 8080000 - Grade: 0.8 - Grade Unit: % - Contained Metal: 142.2 - Contained Unit: m lb - Cutoff Grade: 20 - Cutoff Unit: US$/t #### Prior Estimate - Resource Date: 2026-04-22 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-05-07T00:00:00.000Z Reasoning: This is the total Indicated resource for zinc in the open pit portion of the Sherridon project, representing a significant contained metal amount. - Positive factor: Part of a new NI 43-101 MRE for the project - Positive factor: Indicated resource category provides good confidence - Positive factor: Significant contained zinc in the open pit portion Evidence · table > 0.8 Context: 8.08 #### 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 **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/t2-metals-announces-ni-43-101-mineral-resource-estimate-at-the-sherridon-copper--da57ac70-c383-46e6-b0a7-653306d39f8e#fact-resource-facts-37) Sherridon Copper-Zinc-Gold-Silver Project · gold #### Identity - Project: Sherridon Copper-Zinc-Gold-Silver Project - Commodity: gold - Region: canada\_mb - Reported Region: Manitoba, Canada - Ticker: TWO #### Resource scope - Estimate type: resource - Effective date: 2026-04-22T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Geoffrey Reed, Anders Hogrelius, Bouke van \`t Riet - Resource group id: resource:3c75cfe3cab7dd88b6ce - Deposit or zone: Total Indicated - Mining method: open\_pit #### Resource Data - Category: indicated - Tonnes: 8080000 - Grade: 0.3 - Grade Unit: g/t - Cutoff Grade: 20 - Cutoff Unit: US$/t #### Prior Estimate - Resource Date: 2026-04-22 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-05-07T00:00:00.000Z Reasoning: This is the total Indicated resource for gold in the open pit portion of the Sherridon project, contributing as a byproduct. - Positive factor: Part of a new NI 43-101 MRE for the project - Positive factor: Indicated resource category provides good confidence Evidence · table > 0.3 Context: 8.08 #### 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 **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/t2-metals-announces-ni-43-101-mineral-resource-estimate-at-the-sherridon-copper--da57ac70-c383-46e6-b0a7-653306d39f8e#fact-resource-facts-38) Sherridon Copper-Zinc-Gold-Silver Project · silver #### Identity - Project: Sherridon Copper-Zinc-Gold-Silver Project - Commodity: silver - Region: canada\_mb - Reported Region: Manitoba, Canada - Ticker: TWO #### Resource scope - Estimate type: resource - Effective date: 2026-04-22T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Geoffrey Reed, Anders Hogrelius, Bouke van \`t Riet - Resource group id: resource:3c75cfe3cab7dd88b6ce - Deposit or zone: Total Indicated - Mining method: open\_pit #### Resource Data - Category: indicated - Tonnes: 8080000 - Grade: 4.8 - Grade Unit: g/t - Cutoff Grade: 20 - Cutoff Unit: US$/t #### Prior Estimate - Resource Date: 2026-04-22 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-05-07T00:00:00.000Z Reasoning: This is the total Indicated resource for silver in the open pit portion of the Sherridon project, contributing as a byproduct. - Positive factor: Part of a new NI 43-101 MRE for the project - Positive factor: Indicated resource category provides good confidence Evidence · table > 4.8 Context: 8.08 #### 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 **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/t2-metals-announces-ni-43-101-mineral-resource-estimate-at-the-sherridon-copper--da57ac70-c383-46e6-b0a7-653306d39f8e#fact-resource-facts-39) Sherridon Copper-Zinc-Gold-Silver Project · copper #### Identity - Project: Sherridon Copper-Zinc-Gold-Silver Project - Commodity: copper - Region: canada\_mb - Reported Region: Manitoba, Canada - Ticker: TWO #### Resource scope - Estimate type: resource - Effective date: 2026-04-22T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Geoffrey Reed, Anders Hogrelius, Bouke van \`t Riet - Resource group id: resource:3c75cfe3cab7dd88b6ce - Deposit or zone: Total Indicated - Mining method: open\_pit #### Resource Data - Category: indicated - Tonnes: 8080000 - Cutoff Grade: 20 - Cutoff Unit: US$/t #### Prior Estimate - Resource Date: 2026-04-22 #### Metal Equivalent - Metal Eq. Grade: 1 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-05-07T00:00:00.000Z Reasoning: This is the total Indicated resource for copper equivalent in the open pit portion of the Sherridon project, providing a combined value for the polymetallic VMS deposit. - Positive factor: Part of a new NI 43-101 MRE for the project - Positive factor: Indicated resource category provides good confidence - Positive factor: Metal equivalent grade provides a combined value for polymetallic deposit Evidence · table > 1.0 Context: 8.08 #### 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 **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/t2-metals-announces-ni-43-101-mineral-resource-estimate-at-the-sherridon-copper--da57ac70-c383-46e6-b0a7-653306d39f8e#fact-resource-facts-40) Sherridon Copper-Zinc-Gold-Silver Project · copper #### Identity - Project: Sherridon Copper-Zinc-Gold-Silver Project - Commodity: copper - Region: canada\_mb - Reported Region: Manitoba, Canada - Ticker: TWO #### Resource scope - Estimate type: resource - Effective date: 2026-04-22T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Geoffrey Reed, Anders Hogrelius, Bouke van \`t Riet - Resource group id: resource:dbd4ede14e5629f1e23c - Deposit or zone: Total Indicated - Mining method: underground #### Resource Data - Category: indicated - Tonnes: 1960000 - Grade: 0.3 - Grade Unit: % - Contained Metal: 14.38 - Contained Unit: m lb - Cutoff Grade: 55 - Cutoff Unit: US$/t #### Prior Estimate - Resource Date: 2026-04-22 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-05-07T00:00:00.000Z Reasoning: This is the total Indicated resource for copper in the underground portion of the Sherridon project, representing a significant contained metal amount. - Positive factor: Part of a new NI 43-101 MRE for the project - Positive factor: Indicated resource category provides good confidence - Positive factor: Significant contained copper in the underground portion Evidence · table > 0.3 Context: 1.96 #### 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 **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/t2-metals-announces-ni-43-101-mineral-resource-estimate-at-the-sherridon-copper--da57ac70-c383-46e6-b0a7-653306d39f8e#fact-resource-facts-41) Sherridon Copper-Zinc-Gold-Silver Project · zinc #### Identity - Project: Sherridon Copper-Zinc-Gold-Silver Project - Commodity: zinc - Region: canada\_mb - Reported Region: Manitoba, Canada - Ticker: TWO #### Resource scope - Estimate type: resource - Effective date: 2026-04-22T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Geoffrey Reed, Anders Hogrelius, Bouke van \`t Riet - Resource group id: resource:dbd4ede14e5629f1e23c - Deposit or zone: Total Indicated - Mining method: underground #### Resource Data - Category: indicated - Tonnes: 1960000 - Grade: 0.9 - Grade Unit: % - Contained Metal: 40.7 - Contained Unit: m lb - Cutoff Grade: 55 - Cutoff Unit: US$/t #### Prior Estimate - Resource Date: 2026-04-22 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-05-07T00:00:00.000Z Reasoning: This is the total Indicated resource for zinc in the underground portion of the Sherridon project, representing a significant contained metal amount. - Positive factor: Part of a new NI 43-101 MRE for the project - Positive factor: Indicated resource category provides good confidence - Positive factor: Significant contained zinc in the underground portion Evidence · table > 0.9 Context: 1.96 #### 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 **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/t2-metals-announces-ni-43-101-mineral-resource-estimate-at-the-sherridon-copper--da57ac70-c383-46e6-b0a7-653306d39f8e#fact-resource-facts-42) Sherridon Copper-Zinc-Gold-Silver Project · gold #### Identity - Project: Sherridon Copper-Zinc-Gold-Silver Project - Commodity: gold - Region: canada\_mb - Reported Region: Manitoba, Canada - Ticker: TWO #### Resource scope - Estimate type: resource - Effective date: 2026-04-22T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Geoffrey Reed, Anders Hogrelius, Bouke van \`t Riet - Resource group id: resource:dbd4ede14e5629f1e23c - Deposit or zone: Total Indicated - Mining method: underground #### Resource Data - Category: indicated - Tonnes: 1960000 - Grade: 0.3 - Grade Unit: g/t - Cutoff Grade: 55 - Cutoff Unit: US$/t #### Prior Estimate - Resource Date: 2026-04-22 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-05-07T00:00:00.000Z Reasoning: This is the total Indicated resource for gold in the underground portion of the Sherridon project, contributing as a byproduct. - Positive factor: Part of a new NI 43-101 MRE for the project - Positive factor: Indicated resource category provides good confidence Evidence · table > 0.3 Context: 1.96 #### 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 **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/t2-metals-announces-ni-43-101-mineral-resource-estimate-at-the-sherridon-copper--da57ac70-c383-46e6-b0a7-653306d39f8e#fact-resource-facts-43) Sherridon Copper-Zinc-Gold-Silver Project · silver #### Identity - Project: Sherridon Copper-Zinc-Gold-Silver Project - Commodity: silver - Region: canada\_mb - Reported Region: Manitoba, Canada - Ticker: TWO #### Resource scope - Estimate type: resource - Effective date: 2026-04-22T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Geoffrey Reed, Anders Hogrelius, Bouke van \`t Riet - Resource group id: resource:dbd4ede14e5629f1e23c - Deposit or zone: Total Indicated - Mining method: underground #### Resource Data - Category: indicated - Tonnes: 1960000 - Grade: 4.5 - Grade Unit: g/t - Cutoff Grade: 55 - Cutoff Unit: US$/t #### Prior Estimate - Resource Date: 2026-04-22 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-05-07T00:00:00.000Z Reasoning: This is the total Indicated resource for silver in the underground portion of the Sherridon project, contributing as a byproduct. - Positive factor: Part of a new NI 43-101 MRE for the project - Positive factor: Indicated resource category provides good confidence Evidence · table > 4.5 Context: 1.96 #### 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 **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/t2-metals-announces-ni-43-101-mineral-resource-estimate-at-the-sherridon-copper--da57ac70-c383-46e6-b0a7-653306d39f8e#fact-resource-facts-44) Sherridon Copper-Zinc-Gold-Silver Project · copper #### Identity - Project: Sherridon Copper-Zinc-Gold-Silver Project - Commodity: copper - Region: canada\_mb - Reported Region: Manitoba, Canada - Ticker: TWO #### Resource scope - Estimate type: resource - Effective date: 2026-04-22T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Geoffrey Reed, Anders Hogrelius, Bouke van \`t Riet - Resource group id: resource:dbd4ede14e5629f1e23c - Deposit or zone: Total Indicated - Mining method: underground #### Resource Data - Category: indicated - Tonnes: 1960000 - Cutoff Grade: 55 - Cutoff Unit: US$/t #### Prior Estimate - Resource Date: 2026-04-22 #### Metal Equivalent - Metal Eq. Grade: 1 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-05-07T00:00:00.000Z Reasoning: This is the total Indicated resource for copper equivalent in the underground portion of the Sherridon project, providing a combined value for the polymetallic VMS deposit. - Positive factor: Part of a new NI 43-101 MRE for the project - Positive factor: Indicated resource category provides good confidence - Positive factor: Metal equivalent grade provides a combined value for polymetallic deposit Evidence · table > 1.0 Context: 1.96 #### 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 **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/t2-metals-announces-ni-43-101-mineral-resource-estimate-at-the-sherridon-copper--da57ac70-c383-46e6-b0a7-653306d39f8e#fact-resource-facts-45) Sherridon Copper-Zinc-Gold-Silver Project · copper #### Identity - Project: Sherridon Copper-Zinc-Gold-Silver Project - Commodity: copper - Region: canada\_mb - Reported Region: Manitoba, Canada - Ticker: TWO #### Resource scope - Estimate type: resource - Effective date: 2026-04-22T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Geoffrey Reed, Anders Hogrelius, Bouke van \`t Riet - Resource group id: resource:a9462da181643547bd5d - Deposit or zone: Cold Lake - Mining method: open\_pit #### Resource Data - Category: inferred - Tonnes: 420000 - Grade: 1.42 - Grade Unit: % - Contained Metal: 13.14 - Contained Unit: m lb - Cutoff Grade: 20 - Cutoff Unit: US$/t #### Prior Estimate - Resource Date: 2026-04-22 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-05-07T00:00:00.000Z Reasoning: This is an Inferred resource for copper at the Cold Lake deposit, part of the new MRE, with a strong grade for open pit VMS, but with lower confidence due to its category. - Positive factor: Part of a new NI 43-101 MRE for the project - Positive factor: Strong copper grade for VMS deposit - Positive factor: Open pit mining method suggests lower operating costs - Negative factor: Inferred resource category has lower confidence Evidence · table > 1.42 Context: 0.42 #### 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 **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/t2-metals-announces-ni-43-101-mineral-resource-estimate-at-the-sherridon-copper--da57ac70-c383-46e6-b0a7-653306d39f8e#fact-resource-facts-46) Sherridon Copper-Zinc-Gold-Silver Project · zinc #### Identity - Project: Sherridon Copper-Zinc-Gold-Silver Project - Commodity: zinc - Region: canada\_mb - Reported Region: Manitoba, Canada - Ticker: TWO #### Resource scope - Estimate type: resource - Effective date: 2026-04-22T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Geoffrey Reed, Anders Hogrelius, Bouke van \`t Riet - Resource group id: resource:a9462da181643547bd5d - Deposit or zone: Cold Lake - Mining method: open\_pit #### Resource Data - Category: inferred - Tonnes: 420000 - Grade: 2.08 - Grade Unit: % - Contained Metal: 19.24 - Contained Unit: m lb - Cutoff Grade: 20 - Cutoff Unit: US$/t #### Prior Estimate - Resource Date: 2026-04-22 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-05-07T00:00:00.000Z Reasoning: This is an Inferred resource for zinc at the Cold Lake deposit, part of the new MRE, with a strong grade for open pit VMS, but with lower confidence due to its category. - Positive factor: Part of a new NI 43-101 MRE for the project - Positive factor: Strong zinc grade for VMS deposit - Positive factor: Open pit mining method suggests lower operating costs - Negative factor: Inferred resource category has lower confidence Evidence · table > 2.08 Context: 0.42 #### 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 **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/t2-metals-announces-ni-43-101-mineral-resource-estimate-at-the-sherridon-copper--da57ac70-c383-46e6-b0a7-653306d39f8e#fact-resource-facts-47) Sherridon Copper-Zinc-Gold-Silver Project · gold #### Identity - Project: Sherridon Copper-Zinc-Gold-Silver Project - Commodity: gold - Region: canada\_mb - Reported Region: Manitoba, Canada - Ticker: TWO #### Resource scope - Estimate type: resource - Effective date: 2026-04-22T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Geoffrey Reed, Anders Hogrelius, Bouke van \`t Riet - Resource group id: resource:a9462da181643547bd5d - Deposit or zone: Cold Lake - Mining method: open\_pit #### Resource Data - Category: inferred - Tonnes: 420000 - Grade: 0.34 - Grade Unit: g/t - Cutoff Grade: 20 - Cutoff Unit: US$/t #### Prior Estimate - Resource Date: 2026-04-22 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-05-07T00:00:00.000Z Reasoning: This is an Inferred resource for gold at the Cold Lake deposit, part of the new MRE, contributing as a byproduct, but with lower confidence due to its category. - Positive factor: Part of a new NI 43-101 MRE for the project - Negative factor: Inferred resource category has lower confidence Evidence · table > 0.34 Context: 0.42 #### 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 **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/t2-metals-announces-ni-43-101-mineral-resource-estimate-at-the-sherridon-copper--da57ac70-c383-46e6-b0a7-653306d39f8e#fact-resource-facts-48) Sherridon Copper-Zinc-Gold-Silver Project · silver #### Identity - Project: Sherridon Copper-Zinc-Gold-Silver Project - Commodity: silver - Region: canada\_mb - Reported Region: Manitoba, Canada - Ticker: TWO #### Resource scope - Estimate type: resource - Effective date: 2026-04-22T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Geoffrey Reed, Anders Hogrelius, Bouke van \`t Riet - Resource group id: resource:97db72c72f81b75c38d5 - Mining method: open\_pit #### Resource Data - Category: inferred - Tonnes: 420000 - Grade: 21 - Grade Unit: g/t - Cutoff Grade: 20 - Cutoff Unit: US$/t #### Prior Estimate - Resource Date: 2026-04-22 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-05-07T00:00:00.000Z Reasoning: This is an Inferred resource for silver at the Cold Lake deposit, part of the new MRE, contributing as a byproduct, but with lower confidence due to its category. - Positive factor: Part of a new NI 43-101 MRE for the project - Negative factor: Inferred resource category has lower confidence Evidence · table > 21 Context: 0.42 #### 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 **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/t2-metals-announces-ni-43-101-mineral-resource-estimate-at-the-sherridon-copper--da57ac70-c383-46e6-b0a7-653306d39f8e#fact-resource-facts-49) Sherridon Copper-Zinc-Gold-Silver Project · copper #### Identity - Project: Sherridon Copper-Zinc-Gold-Silver Project - Commodity: copper - Region: canada\_mb - Reported Region: Manitoba, Canada - Ticker: TWO #### Resource scope - Estimate type: resource - Effective date: 2026-04-22T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Geoffrey Reed, Anders Hogrelius, Bouke van \`t Riet - Resource group id: resource:a9462da181643547bd5d - Deposit or zone: Cold Lake - Mining method: open\_pit #### Resource Data - Category: inferred - Tonnes: 420000 - Cutoff Grade: 20 - Cutoff Unit: US$/t #### Prior Estimate - Resource Date: 2026-04-22 #### Metal Equivalent - Metal Eq. Grade: 2.7 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-05-07T00:00:00.000Z Reasoning: This is an Inferred resource for copper equivalent at the Cold Lake deposit, part of the new MRE, showing a high combined value for the polymetallic VMS deposit, but with lower confidence due to its category. - Positive factor: Part of a new NI 43-101 MRE for the project - Positive factor: High metal equivalent grade for polymetallic deposit - Negative factor: Inferred resource category has lower confidence Evidence · table > 2.7 Context: 0.42 #### 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 **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/t2-metals-announces-ni-43-101-mineral-resource-estimate-at-the-sherridon-copper--da57ac70-c383-46e6-b0a7-653306d39f8e#fact-resource-facts-50) Sherridon Copper-Zinc-Gold-Silver Project · copper #### Identity - Project: Sherridon Copper-Zinc-Gold-Silver Project - Commodity: copper - Region: canada\_mb - Reported Region: Manitoba, Canada - Ticker: TWO #### Resource scope - Estimate type: resource - Effective date: 2026-04-22T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Geoffrey Reed, Anders Hogrelius, Bouke van \`t Riet - Resource group id: resource:845a9848d308a509e83f - Deposit or zone: Lost Lake - Mining method: open\_pit #### Resource Data - Category: inferred - Tonnes: 480000 - Grade: 1.38 - Grade Unit: % - Contained Metal: 14.44 - Contained Unit: m lb - Cutoff Grade: 20 - Cutoff Unit: US$/t #### Prior Estimate - Resource Date: 2026-04-22 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-05-07T00:00:00.000Z Reasoning: This is an Inferred resource for copper at the Lost Lake deposit, part of the new MRE, with a strong grade for open pit VMS, but with lower confidence due to its category. - Positive factor: Part of a new NI 43-101 MRE for the project - Positive factor: Strong copper grade for VMS deposit - Positive factor: Open pit mining method suggests lower operating costs - Negative factor: Inferred resource category has lower confidence Evidence · table > 1.38 Context: 0.48 #### 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 **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/t2-metals-announces-ni-43-101-mineral-resource-estimate-at-the-sherridon-copper--da57ac70-c383-46e6-b0a7-653306d39f8e#fact-resource-facts-51) Sherridon Copper-Zinc-Gold-Silver Project · zinc #### Identity - Project: Sherridon Copper-Zinc-Gold-Silver Project - Commodity: zinc - Region: canada\_mb - Reported Region: Manitoba, Canada - Ticker: TWO #### Resource scope - Estimate type: resource - Effective date: 2026-04-22T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Geoffrey Reed, Anders Hogrelius, Bouke van \`t Riet - Resource group id: resource:845a9848d308a509e83f - Deposit or zone: Lost Lake - Mining method: open\_pit #### Resource Data - Category: inferred - Tonnes: 480000 - Grade: 3.31 - Grade Unit: % - Contained Metal: 34.61 - Contained Unit: m lb - Cutoff Grade: 20 - Cutoff Unit: US$/t #### Prior Estimate - Resource Date: 2026-04-22 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-05-07T00:00:00.000Z Reasoning: This is an Inferred resource for zinc at the Lost Lake deposit, part of the new MRE, with a strong grade for open pit VMS, but with lower confidence due to its category. - Positive factor: Part of a new NI 43-101 MRE for the project - Positive factor: Strong zinc grade for VMS deposit - Positive factor: Open pit mining method suggests lower operating costs - Negative factor: Inferred resource category has lower confidence Evidence · table > 3.31 Context: 0.48 #### 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 **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/t2-metals-announces-ni-43-101-mineral-resource-estimate-at-the-sherridon-copper--da57ac70-c383-46e6-b0a7-653306d39f8e#fact-resource-facts-52) Sherridon Copper-Zinc-Gold-Silver Project · gold #### Identity - Project: Sherridon Copper-Zinc-Gold-Silver Project - Commodity: gold - Region: canada\_mb - Reported Region: Manitoba, Canada - Ticker: TWO #### Resource scope - Estimate type: resource - Effective date: 2026-04-22T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Geoffrey Reed, Anders Hogrelius, Bouke van \`t Riet - Resource group id: resource:845a9848d308a509e83f - Deposit or zone: Lost Lake - Mining method: open\_pit #### Resource Data - Category: inferred - Tonnes: 480000 - Grade: 0.76 - Grade Unit: g/t - Cutoff Grade: 20 - Cutoff Unit: US$/t #### Prior Estimate - Resource Date: 2026-04-22 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-05-07T00:00:00.000Z Reasoning: This is an Inferred resource for gold at the Lost Lake deposit, part of the new MRE, contributing as a byproduct, but with lower confidence due to its category. - Positive factor: Part of a new NI 43-101 MRE for the project - Negative factor: Inferred resource category has lower confidence Evidence · table > 0.76 Context: 0.48 #### 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 **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/t2-metals-announces-ni-43-101-mineral-resource-estimate-at-the-sherridon-copper--da57ac70-c383-46e6-b0a7-653306d39f8e#fact-resource-facts-53) Sherridon Copper-Zinc-Gold-Silver Project · silver #### Identity - Project: Sherridon Copper-Zinc-Gold-Silver Project - Commodity: silver - Region: canada\_mb - Reported Region: Manitoba, Canada - Ticker: TWO #### Resource scope - Estimate type: resource - Effective date: 2026-04-22T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Geoffrey Reed, Anders Hogrelius, Bouke van \`t Riet - Resource group id: resource:845a9848d308a509e83f - Deposit or zone: Lost Lake - Mining method: open\_pit #### Resource Data - Category: inferred - Tonnes: 480000 - Grade: 17 - Grade Unit: g/t - Cutoff Grade: 20 - Cutoff Unit: US$/t #### Prior Estimate - Resource Date: 2026-04-22 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-05-07T00:00:00.000Z Reasoning: This is an Inferred resource for silver at the Lost Lake deposit, part of the new MRE, contributing as a byproduct, but with lower confidence due to its category. - Positive factor: Part of a new NI 43-101 MRE for the project - Negative factor: Inferred resource category has lower confidence Evidence · table > 17 Context: 0.48 #### 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 **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/t2-metals-announces-ni-43-101-mineral-resource-estimate-at-the-sherridon-copper--da57ac70-c383-46e6-b0a7-653306d39f8e#fact-resource-facts-54) Sherridon Copper-Zinc-Gold-Silver Project · copper #### Identity - Project: Sherridon Copper-Zinc-Gold-Silver Project - Commodity: copper - Region: canada\_mb - Reported Region: Manitoba, Canada - Ticker: TWO #### Resource scope - Estimate type: resource - Effective date: 2026-04-22T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Geoffrey Reed, Anders Hogrelius, Bouke van \`t Riet - Resource group id: resource:845a9848d308a509e83f - Deposit or zone: Lost Lake - Mining method: open\_pit #### Resource Data - Category: inferred - Tonnes: 480000 - Cutoff Grade: 20 - Cutoff Unit: US$/t #### Prior Estimate - Resource Date: 2026-04-22 #### Metal Equivalent - Metal Eq. Grade: 3.5 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-05-07T00:00:00.000Z Reasoning: This is an Inferred resource for copper equivalent at the Lost Lake deposit, part of the new MRE, showing a high combined value for the polymetallic VMS deposit, but with lower confidence due to its category. - Positive factor: Part of a new NI 43-101 MRE for the project - Positive factor: High metal equivalent grade for polymetallic deposit - Negative factor: Inferred resource category has lower confidence Evidence · table > 3.5 Context: 0.48 #### 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 **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/t2-metals-announces-ni-43-101-mineral-resource-estimate-at-the-sherridon-copper--da57ac70-c383-46e6-b0a7-653306d39f8e#fact-resource-facts-55) Sherridon Copper-Zinc-Gold-Silver Project · copper #### Identity - Project: Sherridon Copper-Zinc-Gold-Silver Project - Commodity: copper - Region: canada\_mb - Reported Region: Manitoba, Canada - Ticker: TWO #### Resource scope - Estimate type: resource - Effective date: 2026-04-22T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Geoffrey Reed, Anders Hogrelius, Bouke van \`t Riet - Resource group id: resource:d1d93e5c875d4529c530 - Deposit or zone: Bob - Mining method: open\_pit #### Resource Data - Category: inferred - Tonnes: 5820000 - Grade: 0.97 - Grade Unit: % - Contained Metal: 124.4 - Contained Unit: m lb - Cutoff Grade: 20 - Cutoff Unit: US$/t #### Prior Estimate - Resource Date: 2026-04-22 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-05-07T00:00:00.000Z Reasoning: This is an Inferred resource for copper at the Bob deposit, part of the new MRE, with a strong grade for open pit VMS and significant contained metal, but with lower confidence due to its category. - Positive factor: Part of a new NI 43-101 MRE for the project - Positive factor: Strong copper grade for VMS deposit - Positive factor: Open pit mining method suggests lower operating costs - Positive factor: Significant contained copper - Negative factor: Inferred resource category has lower confidence Evidence · table > 0.97 Context: 5.82 #### 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 **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/t2-metals-announces-ni-43-101-mineral-resource-estimate-at-the-sherridon-copper--da57ac70-c383-46e6-b0a7-653306d39f8e#fact-resource-facts-56) Sherridon Copper-Zinc-Gold-Silver Project · zinc #### Identity - Project: Sherridon Copper-Zinc-Gold-Silver Project - Commodity: zinc - Region: canada\_mb - Reported Region: Manitoba, Canada - Ticker: TWO #### Resource scope - Estimate type: resource - Effective date: 2026-04-22T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Geoffrey Reed, Anders Hogrelius, Bouke van \`t Riet - Resource group id: resource:d1d93e5c875d4529c530 - Deposit or zone: Bob - Mining method: open\_pit #### Resource Data - Category: inferred - Tonnes: 5820000 - Grade: 0.8 - Grade Unit: % - Contained Metal: 102.73 - Contained Unit: m lb - Cutoff Grade: 20 - Cutoff Unit: US$/t #### Prior Estimate - Resource Date: 2026-04-22 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-05-07T00:00:00.000Z Reasoning: This is an Inferred resource for zinc at the Bob deposit, part of the new MRE, with a strong grade for open pit VMS and significant contained metal, but with lower confidence due to its category. - Positive factor: Part of a new NI 43-101 MRE for the project - Positive factor: Strong zinc grade for VMS deposit - Positive factor: Open pit mining method suggests lower operating costs - Positive factor: Significant contained zinc - Negative factor: Inferred resource category has lower confidence Evidence · table > 0.8 Context: 5.82 #### 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 **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/t2-metals-announces-ni-43-101-mineral-resource-estimate-at-the-sherridon-copper--da57ac70-c383-46e6-b0a7-653306d39f8e#fact-resource-facts-57) Sherridon Copper-Zinc-Gold-Silver Project · gold #### Identity - Project: Sherridon Copper-Zinc-Gold-Silver Project - Commodity: gold - Region: canada\_mb - Reported Region: Manitoba, Canada - Ticker: TWO #### Resource scope - Estimate type: resource - Effective date: 2026-04-22T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Geoffrey Reed, Anders Hogrelius, Bouke van \`t Riet - Resource group id: resource:d1d93e5c875d4529c530 - Deposit or zone: Bob - Mining method: open\_pit #### Resource Data - Category: inferred - Tonnes: 5820000 - Grade: 0.28 - Grade Unit: g/t - Cutoff Grade: 20 - Cutoff Unit: US$/t #### Prior Estimate - Resource Date: 2026-04-22 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-05-07T00:00:00.000Z Reasoning: This is an Inferred resource for gold at the Bob deposit, part of the new MRE, contributing as a byproduct, but with lower confidence due to its category. - Positive factor: Part of a new NI 43-101 MRE for the project - Negative factor: Inferred resource category has lower confidence Evidence · table > 0.28 Context: 5.82 #### 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 **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/t2-metals-announces-ni-43-101-mineral-resource-estimate-at-the-sherridon-copper--da57ac70-c383-46e6-b0a7-653306d39f8e#fact-resource-facts-58) Sherridon Copper-Zinc-Gold-Silver Project · silver #### Identity - Project: Sherridon Copper-Zinc-Gold-Silver Project - Commodity: silver - Region: canada\_mb - Reported Region: Manitoba, Canada - Ticker: TWO #### Resource scope - Estimate type: resource - Effective date: 2026-04-22T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Geoffrey Reed, Anders Hogrelius, Bouke van \`t Riet - Resource group id: resource:d1d93e5c875d4529c530 - Deposit or zone: Bob - Mining method: open\_pit #### Resource Data - Category: inferred - Tonnes: 5820000 - Grade: 6 - Grade Unit: g/t - Cutoff Grade: 20 - Cutoff Unit: US$/t #### Prior Estimate - Resource Date: 2026-04-22 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-05-07T00:00:00.000Z Reasoning: This is an Inferred resource for silver at the Bob deposit, part of the new MRE, contributing as a byproduct, but with lower confidence due to its category. - Positive factor: Part of a new NI 43-101 MRE for the project - Negative factor: Inferred resource category has lower confidence Evidence · table > 6 Context: 5.82 #### 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 **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/t2-metals-announces-ni-43-101-mineral-resource-estimate-at-the-sherridon-copper--da57ac70-c383-46e6-b0a7-653306d39f8e#fact-resource-facts-59) Sherridon Copper-Zinc-Gold-Silver Project · copper #### Identity - Project: Sherridon Copper-Zinc-Gold-Silver Project - Commodity: copper - Region: canada\_mb - Reported Region: Manitoba, Canada - Ticker: TWO #### Resource scope - Estimate type: resource - Effective date: 2026-04-22T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Geoffrey Reed, Anders Hogrelius, Bouke van \`t Riet - Resource group id: resource:d1d93e5c875d4529c530 - Deposit or zone: Bob - Mining method: open\_pit #### Resource Data - Category: inferred - Tonnes: 5820000 - Cutoff Grade: 20 - Cutoff Unit: US$/t #### Prior Estimate - Resource Date: 2026-04-22 #### Metal Equivalent - Metal Eq. Grade: 1.5 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-05-07T00:00:00.000Z Reasoning: This is an Inferred resource for copper equivalent at the Bob deposit, part of the new MRE, showing a high combined value for the polymetallic VMS deposit, but with lower confidence due to its category. - Positive factor: Part of a new NI 43-101 MRE for the project - Positive factor: High metal equivalent grade for polymetallic deposit - Negative factor: Inferred resource category has lower confidence Evidence · table > 1.5 Context: 5.82 #### 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 **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/t2-metals-announces-ni-43-101-mineral-resource-estimate-at-the-sherridon-copper--da57ac70-c383-46e6-b0a7-653306d39f8e#fact-resource-facts-60) Sherridon Copper-Zinc-Gold-Silver Project · copper #### Identity - Project: Sherridon Copper-Zinc-Gold-Silver Project - Commodity: copper - Region: canada\_mb - Reported Region: Manitoba, Canada - Ticker: TWO #### Resource scope - Estimate type: resource - Effective date: 2026-04-22T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Geoffrey Reed, Anders Hogrelius, Bouke van \`t Riet - Resource group id: resource:c29b41c42b6097ae86b3 - Deposit or zone: Bob - Mining method: underground #### Resource Data - Category: inferred - Tonnes: 4190000 - Grade: 1.04 - Grade Unit: % - Contained Metal: 95.94 - Contained Unit: m lb - Cutoff Grade: 55 - Cutoff Unit: US$/t #### Prior Estimate - Resource Date: 2026-04-22 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-05-07T00:00:00.000Z Reasoning: This is an Inferred resource for copper at the Bob deposit, part of the new MRE, with a strong grade for underground VMS and significant contained metal, but with lower confidence due to its category. - Positive factor: Part of a new NI 43-101 MRE for the project - Positive factor: Strong copper grade for VMS deposit - Positive factor: Significant contained copper - Negative factor: Inferred resource category has lower confidence Evidence · table > 1.04 Context: 4.19 #### 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 **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/t2-metals-announces-ni-43-101-mineral-resource-estimate-at-the-sherridon-copper--da57ac70-c383-46e6-b0a7-653306d39f8e#fact-resource-facts-61) Sherridon Copper-Zinc-Gold-Silver Project · zinc #### Identity - Project: Sherridon Copper-Zinc-Gold-Silver Project - Commodity: zinc - Region: canada\_mb - Reported Region: Manitoba, Canada - Ticker: TWO #### Resource scope - Estimate type: resource - Effective date: 2026-04-22T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Geoffrey Reed, Anders Hogrelius, Bouke van \`t Riet - Resource group id: resource:c29b41c42b6097ae86b3 - Deposit or zone: Bob - Mining method: underground #### Resource Data - Category: inferred - Tonnes: 4190000 - Grade: 0.96 - Grade Unit: % - Contained Metal: 88.56 - Contained Unit: m lb - Cutoff Grade: 55 - Cutoff Unit: US$/t #### Prior Estimate - Resource Date: 2026-04-22 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-05-07T00:00:00.000Z Reasoning: This is an Inferred resource for zinc at the Bob deposit, part of the new MRE, with a strong grade for underground VMS and significant contained metal, but with lower confidence due to its category. - Positive factor: Part of a new NI 43-101 MRE for the project - Positive factor: Strong zinc grade for VMS deposit - Positive factor: Significant contained zinc - Negative factor: Inferred resource category has lower confidence Evidence · table > 0.96 Context: 4.19 #### 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 **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/t2-metals-announces-ni-43-101-mineral-resource-estimate-at-the-sherridon-copper--da57ac70-c383-46e6-b0a7-653306d39f8e#fact-resource-facts-62) Sherridon Copper-Zinc-Gold-Silver Project · gold #### Identity - Project: Sherridon Copper-Zinc-Gold-Silver Project - Commodity: gold - Region: canada\_mb - Reported Region: Manitoba, Canada - Ticker: TWO #### Resource scope - Estimate type: resource - Effective date: 2026-04-22T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Geoffrey Reed, Anders Hogrelius, Bouke van \`t Riet - Resource group id: resource:c29b41c42b6097ae86b3 - Deposit or zone: Bob - Mining method: underground #### Resource Data - Category: inferred - Tonnes: 4190000 - Grade: 0.3 - Grade Unit: g/t - Cutoff Grade: 55 - Cutoff Unit: US$/t #### Prior Estimate - Resource Date: 2026-04-22 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-05-07T00:00:00.000Z Reasoning: This is an Inferred resource for gold at the Bob deposit, part of the new MRE, contributing as a byproduct, but with lower confidence due to its category. - Positive factor: Part of a new NI 43-101 MRE for the project - Negative factor: Inferred resource category has lower confidence Evidence · table > 0.3 Context: 4.19 #### 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 **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/t2-metals-announces-ni-43-101-mineral-resource-estimate-at-the-sherridon-copper--da57ac70-c383-46e6-b0a7-653306d39f8e#fact-resource-facts-63) Sherridon Copper-Zinc-Gold-Silver Project · silver #### Identity - Project: Sherridon Copper-Zinc-Gold-Silver Project - Commodity: silver - Region: canada\_mb - Reported Region: Manitoba, Canada - Ticker: TWO #### Resource scope - Estimate type: resource - Effective date: 2026-04-22T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Geoffrey Reed, Anders Hogrelius, Bouke van \`t Riet - Resource group id: resource:c29b41c42b6097ae86b3 - Deposit or zone: Bob - Mining method: underground #### Resource Data - Category: inferred - Tonnes: 4190000 - Grade: 7.29 - Grade Unit: g/t - Cutoff Grade: 55 - Cutoff Unit: US$/t #### Prior Estimate - Resource Date: 2026-04-22 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-05-07T00:00:00.000Z Reasoning: This is an Inferred resource for silver at the Bob deposit, part of the new MRE, contributing as a byproduct, but with lower confidence due to its category. - Positive factor: Part of a new NI 43-101 MRE for the project - Negative factor: Inferred resource category has lower confidence Evidence · table > 7.29 Context: 4.19 #### 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 **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/t2-metals-announces-ni-43-101-mineral-resource-estimate-at-the-sherridon-copper--da57ac70-c383-46e6-b0a7-653306d39f8e#fact-resource-facts-64) Sherridon Copper-Zinc-Gold-Silver Project · copper #### Identity - Project: Sherridon Copper-Zinc-Gold-Silver Project - Commodity: copper - Region: canada\_mb - Reported Region: Manitoba, Canada - Ticker: TWO #### Resource scope - Estimate type: resource - Effective date: 2026-04-22T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Geoffrey Reed, Anders Hogrelius, Bouke van \`t Riet - Resource group id: resource:c29b41c42b6097ae86b3 - Deposit or zone: Bob - Mining method: underground #### Resource Data - Category: inferred - Tonnes: 4190000 - Cutoff Grade: 55 - Cutoff Unit: US$/t #### Prior Estimate - Resource Date: 2026-04-22 #### Metal Equivalent - Metal Eq. Grade: 1.7 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-05-07T00:00:00.000Z Reasoning: This is an Inferred resource for copper equivalent at the Bob deposit, part of the new MRE, showing a high combined value for the polymetallic VMS deposit, but with lower confidence due to its category. - Positive factor: Part of a new NI 43-101 MRE for the project - Positive factor: High metal equivalent grade for polymetallic deposit - Negative factor: Inferred resource category has lower confidence Evidence · table > 1.7 Context: 4.19 #### 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 **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/t2-metals-announces-ni-43-101-mineral-resource-estimate-at-the-sherridon-copper--da57ac70-c383-46e6-b0a7-653306d39f8e#fact-resource-facts-65) Sherridon Copper-Zinc-Gold-Silver Project · copper #### Identity - Project: Sherridon Copper-Zinc-Gold-Silver Project - Commodity: copper - Region: canada\_mb - Reported Region: Manitoba, Canada - Ticker: TWO #### Resource scope - Estimate type: resource - Effective date: 2026-04-22T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Geoffrey Reed, Anders Hogrelius, Bouke van \`t Riet - Resource group id: resource:b4c793ed5c1550904fb5 - Deposit or zone: Jungle - Mining method: open\_pit #### Resource Data - Category: inferred - Tonnes: 2880000 - Grade: 1.23 - Grade Unit: % - Contained Metal: 77.9 - Contained Unit: m lb - Cutoff Grade: 20 - Cutoff Unit: US$/t #### Prior Estimate - Resource Date: 2026-04-22 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-05-07T00:00:00.000Z Reasoning: This is an Inferred resource for copper at the Jungle deposit, part of the new MRE, with a strong grade for open pit VMS and significant contained metal, but with lower confidence due to its category. - Positive factor: Part of a new NI 43-101 MRE for the project - Positive factor: Strong copper grade for VMS deposit - Positive factor: Open pit mining method suggests lower operating costs - Positive factor: Significant contained copper - Negative factor: Inferred resource category has lower confidence Evidence · table > 1.23 Context: 2.88 #### 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 **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/t2-metals-announces-ni-43-101-mineral-resource-estimate-at-the-sherridon-copper--da57ac70-c383-46e6-b0a7-653306d39f8e#fact-resource-facts-66) Sherridon Copper-Zinc-Gold-Silver Project · zinc #### Identity - Project: Sherridon Copper-Zinc-Gold-Silver Project - Commodity: zinc - Region: canada\_mb - Reported Region: Manitoba, Canada - Ticker: TWO #### Resource scope - Estimate type: resource - Effective date: 2026-04-22T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Geoffrey Reed, Anders Hogrelius, Bouke van \`t Riet - Resource group id: resource:b4c793ed5c1550904fb5 - Deposit or zone: Jungle - Mining method: open\_pit #### Resource Data - Category: inferred - Tonnes: 2880000 - Grade: 0.78 - Grade Unit: % - Contained Metal: 49.43 - Contained Unit: m lb - Cutoff Grade: 20 - Cutoff Unit: US$/t #### Prior Estimate - Resource Date: 2026-04-22 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-05-07T00:00:00.000Z Reasoning: This is an Inferred resource for zinc at the Jungle deposit, part of the new MRE, with a strong grade for open pit VMS and significant contained metal, but with lower confidence due to its category. - Positive factor: Part of a new NI 43-101 MRE for the project - Positive factor: Strong zinc grade for VMS deposit - Positive factor: Open pit mining method suggests lower operating costs - Positive factor: Significant contained zinc - Negative factor: Inferred resource category has lower confidence Evidence · table > 0.78 Context: 2.88 #### 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 **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/t2-metals-announces-ni-43-101-mineral-resource-estimate-at-the-sherridon-copper--da57ac70-c383-46e6-b0a7-653306d39f8e#fact-resource-facts-67) Sherridon Copper-Zinc-Gold-Silver Project · gold #### Identity - Project: Sherridon Copper-Zinc-Gold-Silver Project - Commodity: gold - Region: canada\_mb - Reported Region: Manitoba, Canada - Ticker: TWO #### Resource scope - Estimate type: resource - Effective date: 2026-04-22T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Geoffrey Reed, Anders Hogrelius, Bouke van \`t Riet - Resource group id: resource:b4c793ed5c1550904fb5 - Deposit or zone: Jungle - Mining method: open\_pit #### Resource Data - Category: inferred - Tonnes: 2880000 - Grade: 0.28 - Grade Unit: g/t - Cutoff Grade: 20 - Cutoff Unit: US$/t #### Prior Estimate - Resource Date: 2026-04-22 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-05-07T00:00:00.000Z Reasoning: This is an Inferred resource for gold at the Jungle deposit, part of the new MRE, contributing as a byproduct, but with lower confidence due to its category. - Positive factor: Part of a new NI 43-101 MRE for the project - Negative factor: Inferred resource category has lower confidence Evidence · table > 0.28 Context: 2.88 #### 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 **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/t2-metals-announces-ni-43-101-mineral-resource-estimate-at-the-sherridon-copper--da57ac70-c383-46e6-b0a7-653306d39f8e#fact-resource-facts-68) Sherridon Copper-Zinc-Gold-Silver Project · silver #### Identity - Project: Sherridon Copper-Zinc-Gold-Silver Project - Commodity: silver - Region: canada\_mb - Reported Region: Manitoba, Canada - Ticker: TWO #### Resource scope - Estimate type: resource - Effective date: 2026-04-22T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Geoffrey Reed, Anders Hogrelius, Bouke van \`t Riet - Resource group id: resource:b4c793ed5c1550904fb5 - Deposit or zone: Jungle - Mining method: open\_pit #### Resource Data - Category: inferred - Tonnes: 2880000 - Grade: 6.75 - Grade Unit: g/t - Cutoff Grade: 20 - Cutoff Unit: US$/t #### Prior Estimate - Resource Date: 2026-04-22 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-05-07T00:00:00.000Z Reasoning: This is an Inferred resource for silver at the Jungle deposit, part of the new MRE, contributing as a byproduct, but with lower confidence due to its category. - Positive factor: Part of a new NI 43-101 MRE for the project - Negative factor: Inferred resource category has lower confidence Evidence · table > 6.75 Context: 2.88 #### 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 **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/t2-metals-announces-ni-43-101-mineral-resource-estimate-at-the-sherridon-copper--da57ac70-c383-46e6-b0a7-653306d39f8e#fact-resource-facts-69) Sherridon Copper-Zinc-Gold-Silver Project · copper #### Identity - Project: Sherridon Copper-Zinc-Gold-Silver Project - Commodity: copper - Region: canada\_mb - Reported Region: Manitoba, Canada - Ticker: TWO #### Resource scope - Estimate type: resource - Effective date: 2026-04-22T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Geoffrey Reed, Anders Hogrelius, Bouke van \`t Riet - Resource group id: resource:b4c793ed5c1550904fb5 - Deposit or zone: Jungle - Mining method: open\_pit #### Resource Data - Category: inferred - Tonnes: 2880000 - Cutoff Grade: 20 - Cutoff Unit: US$/t #### Prior Estimate - Resource Date: 2026-04-22 #### Metal Equivalent - Metal Eq. Grade: 1.8 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-05-07T00:00:00.000Z Reasoning: This is an Inferred resource for copper equivalent at the Jungle deposit, part of the new MRE, showing a high combined value for the polymetallic VMS deposit, but with lower confidence due to its category. - Positive factor: Part of a new NI 43-101 MRE for the project - Positive factor: High metal equivalent grade for polymetallic deposit - Negative factor: Inferred resource category has lower confidence Evidence · table > 1.8 Context: 2.88 #### 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 **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/t2-metals-announces-ni-43-101-mineral-resource-estimate-at-the-sherridon-copper--da57ac70-c383-46e6-b0a7-653306d39f8e#fact-resource-facts-70) Sherridon Copper-Zinc-Gold-Silver Project · copper #### Identity - Project: Sherridon Copper-Zinc-Gold-Silver Project - Commodity: copper - Region: canada\_mb - Reported Region: Manitoba, Canada - Ticker: TWO #### Resource scope - Estimate type: resource - Effective date: 2026-04-22T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Geoffrey Reed, Anders Hogrelius, Bouke van \`t Riet - Resource group id: resource:029dc853b50283780549 - Deposit or zone: Jungle - Mining method: underground #### Resource Data - Category: inferred - Tonnes: 4380000 - Grade: 1.08 - Grade Unit: % - Contained Metal: 104.26 - Contained Unit: m lb - Cutoff Grade: 55 - Cutoff Unit: US$/t #### Prior Estimate - Resource Date: 2026-04-22 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-05-07T00:00:00.000Z Reasoning: This is an Inferred resource for copper at the Jungle deposit, part of the new MRE, with a strong grade for underground VMS and significant contained metal, but with lower confidence due to its category. - Positive factor: Part of a new NI 43-101 MRE for the project - Positive factor: Strong copper grade for VMS deposit - Positive factor: Significant contained copper - Negative factor: Inferred resource category has lower confidence Evidence · table > 1.08 Context: 4.38 #### 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 **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/t2-metals-announces-ni-43-101-mineral-resource-estimate-at-the-sherridon-copper--da57ac70-c383-46e6-b0a7-653306d39f8e#fact-resource-facts-71) Sherridon Copper-Zinc-Gold-Silver Project · zinc #### Identity - Project: Sherridon Copper-Zinc-Gold-Silver Project - Commodity: zinc - Region: canada\_mb - Reported Region: Manitoba, Canada - Ticker: TWO #### Resource scope - Estimate type: resource - Effective date: 2026-04-22T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Geoffrey Reed, Anders Hogrelius, Bouke van \`t Riet - Resource group id: resource:029dc853b50283780549 - Deposit or zone: Jungle - Mining method: underground #### Resource Data - Category: inferred - Tonnes: 4380000 - Grade: 1.08 - Grade Unit: % - Contained Metal: 104.25 - Contained Unit: m lb - Cutoff Grade: 55 - Cutoff Unit: US$/t #### Prior Estimate - Resource Date: 2026-04-22 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-05-07T00:00:00.000Z Reasoning: This is an Inferred resource for zinc at the Jungle deposit, part of the new MRE, with a strong grade for underground VMS and significant contained metal, but with lower confidence due to its category. - Positive factor: Part of a new NI 43-101 MRE for the project - Positive factor: Strong zinc grade for VMS deposit - Positive factor: Significant contained zinc - Negative factor: Inferred resource category has lower confidence Evidence · table > 1.08 Context: 4.38 #### 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 **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/t2-metals-announces-ni-43-101-mineral-resource-estimate-at-the-sherridon-copper--da57ac70-c383-46e6-b0a7-653306d39f8e#fact-resource-facts-72) Sherridon Copper-Zinc-Gold-Silver Project · gold #### Identity - Project: Sherridon Copper-Zinc-Gold-Silver Project - Commodity: gold - Region: canada\_mb - Reported Region: Manitoba, Canada - Ticker: TWO #### Resource scope - Estimate type: resource - Effective date: 2026-04-22T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Geoffrey Reed, Anders Hogrelius, Bouke van \`t Riet - Resource group id: resource:029dc853b50283780549 - Deposit or zone: Jungle - Mining method: underground #### Resource Data - Category: inferred - Tonnes: 4380000 - Grade: 0.16 - Grade Unit: g/t - Cutoff Grade: 55 - Cutoff Unit: US$/t #### Prior Estimate - Resource Date: 2026-04-22 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-05-07T00:00:00.000Z Reasoning: This is an Inferred resource for gold at the Jungle deposit, part of the new MRE, contributing as a byproduct, but with lower confidence due to its category. - Positive factor: Part of a new NI 43-101 MRE for the project - Negative factor: Inferred resource category has lower confidence Evidence · table > 0.16 Context: 4.38 #### 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 **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/t2-metals-announces-ni-43-101-mineral-resource-estimate-at-the-sherridon-copper--da57ac70-c383-46e6-b0a7-653306d39f8e#fact-resource-facts-73) Sherridon Copper-Zinc-Gold-Silver Project · silver #### Identity - Project: Sherridon Copper-Zinc-Gold-Silver Project - Commodity: silver - Region: canada\_mb - Reported Region: Manitoba, Canada - Ticker: TWO #### Resource scope - Estimate type: resource - Effective date: 2026-04-22T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Geoffrey Reed, Anders Hogrelius, Bouke van \`t Riet - Resource group id: resource:029dc853b50283780549 - Deposit or zone: Jungle - Mining method: underground #### Resource Data - Category: inferred - Tonnes: 4380000 - Grade: 5.35 - Grade Unit: g/t - Cutoff Grade: 55 - Cutoff Unit: US$/t #### Prior Estimate - Resource Date: 2026-04-22 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-05-07T00:00:00.000Z Reasoning: This is an Inferred resource for silver at the Jungle deposit, part of the new MRE, contributing as a byproduct, but with lower confidence due to its category. - Positive factor: Part of a new NI 43-101 MRE for the project - Negative factor: Inferred resource category has lower confidence Evidence · table > 5.35 Context: 4.38 #### 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 **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/t2-metals-announces-ni-43-101-mineral-resource-estimate-at-the-sherridon-copper--da57ac70-c383-46e6-b0a7-653306d39f8e#fact-resource-facts-74) Sherridon Copper-Zinc-Gold-Silver Project · copper #### Identity - Project: Sherridon Copper-Zinc-Gold-Silver Project - Commodity: copper - Region: canada\_mb - Reported Region: Manitoba, Canada - Ticker: TWO #### Resource scope - Estimate type: resource - Effective date: 2026-04-22T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Geoffrey Reed, Anders Hogrelius, Bouke van \`t Riet - Resource group id: resource:029dc853b50283780549 - Deposit or zone: Jungle - Mining method: underground #### Resource Data - Category: inferred - Tonnes: 4380000 - Cutoff Grade: 55 - Cutoff Unit: US$/t #### Prior Estimate - Resource Date: 2026-04-22 #### Metal Equivalent - Metal Eq. Grade: 1.7 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-05-07T00:00:00.000Z Reasoning: This is an Inferred resource for copper equivalent at the Jungle deposit, part of the new MRE, showing a high combined value for the polymetallic VMS deposit, but with lower confidence due to its category. - Positive factor: Part of a new NI 43-101 MRE for the project - Positive factor: High metal equivalent grade for polymetallic deposit - Negative factor: Inferred resource category has lower confidence Evidence · table > 1.7 Context: 4.38 #### 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 **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/t2-metals-announces-ni-43-101-mineral-resource-estimate-at-the-sherridon-copper--da57ac70-c383-46e6-b0a7-653306d39f8e#fact-resource-facts-75) Sherridon Copper-Zinc-Gold-Silver Project · copper #### Identity - Project: Sherridon Copper-Zinc-Gold-Silver Project - Commodity: copper - Region: canada\_mb - Reported Region: Manitoba, Canada - Ticker: TWO #### Resource scope - Estimate type: resource - Effective date: 2026-04-22T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Geoffrey Reed, Anders Hogrelius, Bouke van \`t Riet - Resource group id: resource:84640237fde7cb1a390d - Deposit or zone: Total Inferred - Mining method: open\_pit #### Resource Data - Category: inferred - Tonnes: 9590000 - Grade: 1.1 - Grade Unit: % - Contained Metal: 229.88 - Contained Unit: m lb - Cutoff Grade: 20 - Cutoff Unit: US$/t #### Prior Estimate - Resource Date: 2026-04-22 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-05-07T00:00:00.000Z Reasoning: This is the total Inferred resource for copper in the open pit portion of the Sherridon project, representing a significant contained metal amount, but with lower confidence due to its category. - Positive factor: Part of a new NI 43-101 MRE for the project - Positive factor: Significant contained copper in the open pit portion - Negative factor: Inferred resource category has lower confidence Evidence · table > 1.1 Context: 9.59 #### 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 **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/t2-metals-announces-ni-43-101-mineral-resource-estimate-at-the-sherridon-copper--da57ac70-c383-46e6-b0a7-653306d39f8e#fact-resource-facts-76) Sherridon Copper-Zinc-Gold-Silver Project · zinc #### Identity - Project: Sherridon Copper-Zinc-Gold-Silver Project - Commodity: zinc - Region: canada\_mb - Reported Region: Manitoba, Canada - Ticker: TWO #### Resource scope - Estimate type: resource - Effective date: 2026-04-22T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Geoffrey Reed, Anders Hogrelius, Bouke van \`t Riet - Resource group id: resource:84640237fde7cb1a390d - Deposit or zone: Total Inferred - Mining method: open\_pit #### Resource Data - Category: inferred - Tonnes: 9590000 - Grade: 1 - Grade Unit: % - Contained Metal: 206.01 - Contained Unit: m lb - Cutoff Grade: 20 - Cutoff Unit: US$/t #### Prior Estimate - Resource Date: 2026-04-22 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-05-07T00:00:00.000Z Reasoning: This is the total Inferred resource for zinc in the open pit portion of the Sherridon project, representing a significant contained metal amount, but with lower confidence due to its category. - Positive factor: Part of a new NI 43-101 MRE for the project - Positive factor: Significant contained zinc in the open pit portion - Negative factor: Inferred resource category has lower confidence Evidence · table > 1.0 Context: 9.59 #### 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 **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/t2-metals-announces-ni-43-101-mineral-resource-estimate-at-the-sherridon-copper--da57ac70-c383-46e6-b0a7-653306d39f8e#fact-resource-facts-77) Sherridon Copper-Zinc-Gold-Silver Project · gold #### Identity - Project: Sherridon Copper-Zinc-Gold-Silver Project - Commodity: gold - Region: canada\_mb - Reported Region: Manitoba, Canada - Ticker: TWO #### Resource scope - Estimate type: resource - Effective date: 2026-04-22T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Geoffrey Reed, Anders Hogrelius, Bouke van \`t Riet - Resource group id: resource:84640237fde7cb1a390d - Deposit or zone: Total Inferred - Mining method: open\_pit #### Resource Data - Category: inferred - Tonnes: 9590000 - Grade: 0.3 - Grade Unit: g/t - Cutoff Grade: 20 - Cutoff Unit: US$/t #### Prior Estimate - Resource Date: 2026-04-22 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-05-07T00:00:00.000Z Reasoning: This is the total Inferred resource for gold in the open pit portion of the Sherridon project, contributing as a byproduct, but with lower confidence due to its category. - Positive factor: Part of a new NI 43-101 MRE for the project - Negative factor: Inferred resource category has lower confidence Evidence · table > 0.3 Context: 9.59 #### 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 **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/t2-metals-announces-ni-43-101-mineral-resource-estimate-at-the-sherridon-copper--da57ac70-c383-46e6-b0a7-653306d39f8e#fact-resource-facts-78) Sherridon Copper-Zinc-Gold-Silver Project · silver #### Identity - Project: Sherridon Copper-Zinc-Gold-Silver Project - Commodity: silver - Region: canada\_mb - Reported Region: Manitoba, Canada - Ticker: TWO #### Resource scope - Estimate type: resource - Effective date: 2026-04-22T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Geoffrey Reed, Anders Hogrelius, Bouke van \`t Riet - Resource group id: resource:84640237fde7cb1a390d - Deposit or zone: Total Inferred - Mining method: open\_pit #### Resource Data - Category: inferred - Tonnes: 9590000 - Grade: 7.7 - Grade Unit: g/t - Cutoff Grade: 20 - Cutoff Unit: US$/t #### Prior Estimate - Resource Date: 2026-04-22 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-05-07T00:00:00.000Z Reasoning: This is the total Inferred resource for silver in the open pit portion of the Sherridon project, contributing as a byproduct, but with lower confidence due to its category. - Positive factor: Part of a new NI 43-101 MRE for the project - Negative factor: Inferred resource category has lower confidence Evidence · table > 7.7 Context: 9.59 #### 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 **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/t2-metals-announces-ni-43-101-mineral-resource-estimate-at-the-sherridon-copper--da57ac70-c383-46e6-b0a7-653306d39f8e#fact-resource-facts-79) Sherridon Copper-Zinc-Gold-Silver Project · copper #### Identity - Project: Sherridon Copper-Zinc-Gold-Silver Project - Commodity: copper - Region: canada\_mb - Reported Region: Manitoba, Canada - Ticker: TWO #### Resource scope - Estimate type: resource - Effective date: 2026-04-22T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Geoffrey Reed, Anders Hogrelius, Bouke van \`t Riet - Resource group id: resource:84640237fde7cb1a390d - Deposit or zone: Total Inferred - Mining method: open\_pit #### Resource Data - Category: inferred - Tonnes: 9590000 - Cutoff Grade: 20 - Cutoff Unit: US$/t #### Prior Estimate - Resource Date: 2026-04-22 #### Metal Equivalent - Metal Eq. Grade: 1.7 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-05-07T00:00:00.000Z Reasoning: This is the total Inferred resource for copper equivalent in the open pit portion of the Sherridon project, providing a combined value for the polymetallic VMS deposit, but with lower confidence due to its category. - Positive factor: Part of a new NI 43-101 MRE for the project - Positive factor: High metal equivalent grade for polymetallic deposit - Negative factor: Inferred resource category has lower confidence Evidence · table > 1.7 Context: 9.59 #### 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 **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/t2-metals-announces-ni-43-101-mineral-resource-estimate-at-the-sherridon-copper--da57ac70-c383-46e6-b0a7-653306d39f8e#fact-resource-facts-80) Sherridon Copper-Zinc-Gold-Silver Project · copper #### Identity - Project: Sherridon Copper-Zinc-Gold-Silver Project - Commodity: copper - Region: canada\_mb - Reported Region: Manitoba, Canada - Ticker: TWO #### Resource scope - Estimate type: resource - Effective date: 2026-04-22T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Geoffrey Reed, Anders Hogrelius, Bouke van \`t Riet - Resource group id: resource:5a1ebf72b8354a74b378 - Deposit or zone: Total Inferred - Mining method: underground #### Resource Data - Category: inferred - Tonnes: 8570000 - Grade: 1.1 - Grade Unit: % - Contained Metal: 200.2 - Contained Unit: m lb - Cutoff Grade: 55 - Cutoff Unit: US$/t #### Prior Estimate - Resource Date: 2026-04-22 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-05-07T00:00:00.000Z Reasoning: This is the total Inferred resource for copper in the underground portion of the Sherridon project, representing a significant contained metal amount, but with lower confidence due to its category. - Positive factor: Part of a new NI 43-101 MRE for the project - Positive factor: Significant contained copper in the underground portion - Negative factor: Inferred resource category has lower confidence Evidence · table > 1.1 Context: 8.57 #### 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 **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/t2-metals-announces-ni-43-101-mineral-resource-estimate-at-the-sherridon-copper--da57ac70-c383-46e6-b0a7-653306d39f8e#fact-resource-facts-81) Sherridon Copper-Zinc-Gold-Silver Project · zinc #### Identity - Project: Sherridon Copper-Zinc-Gold-Silver Project - Commodity: zinc - Region: canada\_mb - Reported Region: Manitoba, Canada - Ticker: TWO #### Resource scope - Estimate type: resource - Effective date: 2026-04-22T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Geoffrey Reed, Anders Hogrelius, Bouke van \`t Riet - Resource group id: resource:5a1ebf72b8354a74b378 - Deposit or zone: Total Inferred - Mining method: underground #### Resource Data - Category: inferred - Tonnes: 8570000 - Grade: 1 - Grade Unit: % - Contained Metal: 192.81 - Contained Unit: m lb - Cutoff Grade: 55 - Cutoff Unit: US$/t #### Prior Estimate - Resource Date: 2026-04-22 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-05-07T00:00:00.000Z Reasoning: This is the total Inferred resource for zinc in the underground portion of the Sherridon project, representing a significant contained metal amount, but with lower confidence due to its category. - Positive factor: Part of a new NI 43-101 MRE for the project - Positive factor: Significant contained zinc in the underground portion - Negative factor: Inferred resource category has lower confidence Evidence · table > 1.0 Context: 8.57 #### 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 **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/t2-metals-announces-ni-43-101-mineral-resource-estimate-at-the-sherridon-copper--da57ac70-c383-46e6-b0a7-653306d39f8e#fact-resource-facts-82) Sherridon Copper-Zinc-Gold-Silver Project · gold #### Identity - Project: Sherridon Copper-Zinc-Gold-Silver Project - Commodity: gold - Region: canada\_mb - Reported Region: Manitoba, Canada - Ticker: TWO #### Resource scope - Estimate type: resource - Effective date: 2026-04-22T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Geoffrey Reed, Anders Hogrelius, Bouke van \`t Riet - Resource group id: resource:5a1ebf72b8354a74b378 - Deposit or zone: Total Inferred - Mining method: underground #### Resource Data - Category: inferred - Tonnes: 8570000 - Grade: 0.2 - Grade Unit: g/t - Cutoff Grade: 55 - Cutoff Unit: US$/t #### Prior Estimate - Resource Date: 2026-04-22 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-05-07T00:00:00.000Z Reasoning: This is the total Inferred resource for gold in the underground portion of the Sherridon project, contributing as a byproduct, but with lower confidence due to its category. - Positive factor: Part of a new NI 43-101 MRE for the project - Negative factor: Inferred resource category has lower confidence Evidence · table > 0.2 Context: 8.57 #### 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 **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/t2-metals-announces-ni-43-101-mineral-resource-estimate-at-the-sherridon-copper--da57ac70-c383-46e6-b0a7-653306d39f8e#fact-resource-facts-83) Sherridon Copper-Zinc-Gold-Silver Project · silver #### Identity - Project: Sherridon Copper-Zinc-Gold-Silver Project - Commodity: silver - Region: canada\_mb - Reported Region: Manitoba, Canada - Ticker: TWO #### Resource scope - Estimate type: resource - Effective date: 2026-04-22T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Geoffrey Reed, Anders Hogrelius, Bouke van \`t Riet - Resource group id: resource:5a1ebf72b8354a74b378 - Deposit or zone: Total Inferred - Mining method: underground #### Resource Data - Category: inferred - Tonnes: 8570000 - Grade: 6.3 - Grade Unit: g/t - Cutoff Grade: 55 - Cutoff Unit: US$/t #### Prior Estimate - Resource Date: 2026-04-22 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-05-07T00:00:00.000Z Reasoning: This is the total Inferred resource for silver in the underground portion of the Sherridon project, contributing as a byproduct, but with lower confidence due to its category. - Positive factor: Part of a new NI 43-101 MRE for the project - Negative factor: Inferred resource category has lower confidence Evidence · table > 6.3 Context: 8.57 #### 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 **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/t2-metals-announces-ni-43-101-mineral-resource-estimate-at-the-sherridon-copper--da57ac70-c383-46e6-b0a7-653306d39f8e#fact-resource-facts-84) Sherridon Copper-Zinc-Gold-Silver Project · copper #### Identity - Project: Sherridon Copper-Zinc-Gold-Silver Project - Commodity: copper - Region: canada\_mb - Reported Region: Manitoba, Canada - Ticker: TWO #### Resource scope - Estimate type: resource - Effective date: 2026-04-22T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Geoffrey Reed, Anders Hogrelius, Bouke van \`t Riet - Resource group id: resource:5a1ebf72b8354a74b378 - Deposit or zone: Total Inferred - Mining method: underground #### Resource Data - Category: inferred - Tonnes: 8570000 - Cutoff Grade: 55 - Cutoff Unit: US$/t #### Prior Estimate - Resource Date: 2026-04-22 #### Metal Equivalent - Metal Eq. Grade: 1.7 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-05-07T00:00:00.000Z Reasoning: This is the total Inferred resource for copper equivalent in the underground portion of the Sherridon project, providing a combined value for the polymetallic VMS deposit, but with lower confidence due to its category. - Positive factor: Part of a new NI 43-101 MRE for the project - Positive factor: High metal equivalent grade for polymetallic deposit - Negative factor: Inferred resource category has lower confidence Evidence · table > 1.7 Context: 8.57 #### 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 **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ## 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.