Talon Metals Announces Eagle Mine NI 43-101 Technical Report Results; Provides Highlights and Strategic Takeaways

Original announcement by tmx on

Company
Talon Metals Corp.
Ticker
TLO
Exchange
TSX
Region
Michigan
Primary commodity
Nickel
Secondary commodities
Copper, Cobalt, Gold, Silver, Platinum, Palladium
Document categories
Resource update
Extracted
2026-09-15 02:54:28 UTC

Analysis by Minestarters Atlas

Minestarters Atlas analysis

Summary

Talon Metals Corp. announced the results of an independent NI 43-101 Technical Report for its wholly-owned Eagle Mine operation in Michigan, establishing the company's first independent Mineral Resource and Mineral Reserve baseline for the Eagle, Eagle East, and Keel deposits. The report extends the mine plan to the second half of 2030. Updated Mineral Resources include 3.299 million tonnes Measured and Indicated grading 1.28% nickel and 0.97% copper, plus 132 thousand tonnes Inferred. Updated Mineral Reserves total 3.486 million tonnes Proven and Probable, grading 1.06% nickel and 0.82% copper, including approximately 37.10 kt contained nickel and 28.61 kt contained copper.

Reasoning: The announcement establishes Talon Metals' first independent NI 43-101 compliant Mineral Resource and Reserve baseline for the Eagle Mine, extending the mine plan to 2030. While the resource confidence is high with a large M&I component, the overall contained metal for nickel and copper is modest. The report provides a clear operational plan and financial outlook for the acquired asset.

Positive factors

  • First independent resource and reserve baseline for Talon Metals
  • Mine plan extended to 2030
  • High Measured and Indicated percentage (96.15%)
  • NI 43-101 compliant and QP signed
  • Multiple commodities reported

Negative factors

  • Contained metal for nickel and copper is relatively small compared to global thresholds
  • No explicit prior resource/reserve figures provided for direct comparison of growth

Low confidence — this extraction should be reviewed alongside the original source.

Facts used in scoring: 156

Extracted facts

Stored fact records: 156. Some facts used in scoring do not have a stored record.

Resource Estimates (156)

measuredEagle Mine · nickelTonnes: 39000Grade: 1.21Grade Unit: %View all details
Link to this fact

Identity

Project
Eagle Mine
Commodity
nickel
Region
michigan
Reported Region
Michigan
Ticker
TLO

Resource scope

Estimate type
resource
Effective date
2026-02-28T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Brian Thomas
Resource group id
resource:daba894ec43d506b5176
Deposit or zone
Eagle
Mining method
underground

Resource Data

Category
measured
Tonnes
39000
Grade
1.21
Grade Unit
%
Cutoff Grade
150.61
Cutoff Unit
US$/t

Prior Estimate

Resource Date
2026-02-28

Review

Needs Review
No
Historical
No

Dates

Event date
2026-04-30T00:00:00.000Z

Reasoning: Measured resource for nickel at Eagle deposit, part of Talon's first independent baseline.

Positive factors

  • Measured category indicates high confidence
  • First independent baseline for Talon Metals

Evidence · table

“1.21”

Context: 39

Tags used in scoring

Measured Resourcepositive

Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.

Why it applies: category is "measured"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

measuredEagle Mine · copperTonnes: 39000Grade: 1.4Grade Unit: %View all details
Link to this fact

Identity

Project
Eagle Mine
Commodity
copper
Region
michigan
Reported Region
Michigan
Ticker
TLO

Resource scope

Estimate type
resource
Effective date
2026-02-28T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Brian Thomas
Resource group id
resource:daba894ec43d506b5176
Deposit or zone
Eagle
Mining method
underground

Resource Data

Category
measured
Tonnes
39000
Grade
1.4
Grade Unit
%
Cutoff Grade
150.61
Cutoff Unit
US$/t

Prior Estimate

Resource Date
2026-02-28

Review

Needs Review
No
Historical
No

Dates

Event date
2026-04-30T00:00:00.000Z

Reasoning: Measured resource for copper at Eagle deposit, part of Talon's first independent baseline.

Positive factors

  • Measured category indicates high confidence
  • First independent baseline for Talon Metals

Evidence · table

“1.40”

Context: 39

Tags used in scoring

Measured Resourcepositive

Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.

Why it applies: category is "measured"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

measuredEagle Mine · cobaltTonnes: 39000Grade: 0.03Grade Unit: %View all details
Link to this fact

Identity

Project
Eagle Mine
Commodity
cobalt
Region
michigan
Reported Region
Michigan
Ticker
TLO

Resource scope

Estimate type
resource
Effective date
2026-02-28T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Brian Thomas
Resource group id
resource:daba894ec43d506b5176
Deposit or zone
Eagle
Mining method
underground

Resource Data

Category
measured
Tonnes
39000
Grade
0.03
Grade Unit
%
Cutoff Grade
150.61
Cutoff Unit
US$/t

Prior Estimate

Resource Date
2026-02-28

Review

Needs Review
No
Historical
No

Dates

Event date
2026-04-30T00:00:00.000Z

Reasoning: Measured resource for cobalt at Eagle deposit, part of Talon's first independent baseline.

Positive factors

  • Measured category indicates high confidence
  • First independent baseline for Talon Metals

Evidence · table

“0.03”

Context: 39

Tags used in scoring

Measured Resourcepositive

Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.

Why it applies: category is "measured"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

measuredEagle Mine · goldTonnes: 39000Grade: 0.2Grade Unit: g/tView all details
Link to this fact

Identity

Project
Eagle Mine
Commodity
gold
Region
michigan
Reported Region
Michigan
Ticker
TLO

Resource scope

Estimate type
resource
Effective date
2026-02-28T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Brian Thomas
Resource group id
resource:daba894ec43d506b5176
Deposit or zone
Eagle
Mining method
underground

Resource Data

Category
measured
Tonnes
39000
Grade
0.2
Grade Unit
g/t
Cutoff Grade
150.61
Cutoff Unit
US$/t

Prior Estimate

Resource Date
2026-02-28

Review

Needs Review
No
Historical
No

Dates

Event date
2026-04-30T00:00:00.000Z

Reasoning: Measured resource for gold at Eagle deposit, part of Talon's first independent baseline.

Positive factors

  • Measured category indicates high confidence
  • First independent baseline for Talon Metals

Evidence · table

“0.20”

Context: 39

Tags used in scoring

Measured Resourcepositive

Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.

Why it applies: category is "measured"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

measuredEagle Mine · silverTonnes: 39000Grade: 7.35Grade Unit: g/tView all details
Link to this fact

Identity

Project
Eagle Mine
Commodity
silver
Region
michigan
Reported Region
Michigan
Ticker
TLO

Resource scope

Estimate type
resource
Effective date
2026-02-28T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Brian Thomas
Resource group id
resource:daba894ec43d506b5176
Deposit or zone
Eagle
Mining method
underground

Resource Data

Category
measured
Tonnes
39000
Grade
7.35
Grade Unit
g/t
Cutoff Grade
150.61
Cutoff Unit
US$/t

Prior Estimate

Resource Date
2026-02-28

Review

Needs Review
No
Historical
No

Dates

Event date
2026-04-30T00:00:00.000Z

Reasoning: Measured resource for silver at Eagle deposit, part of Talon's first independent baseline.

Positive factors

  • Measured category indicates high confidence
  • First independent baseline for Talon Metals

Evidence · table

“7.35”

Context: 39

Tags used in scoring

Measured Resourcepositive

Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.

Why it applies: category is "measured"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

measuredEagle Mine · platinumTonnes: 39000Grade: 0.38Grade Unit: g/tView all details
Link to this fact

Identity

Project
Eagle Mine
Commodity
platinum
Region
michigan
Reported Region
Michigan
Ticker
TLO

Resource scope

Estimate type
resource
Effective date
2026-02-28T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Brian Thomas
Resource group id
resource:daba894ec43d506b5176
Deposit or zone
Eagle
Mining method
underground

Resource Data

Category
measured
Tonnes
39000
Grade
0.38
Grade Unit
g/t
Cutoff Grade
150.61
Cutoff Unit
US$/t

Prior Estimate

Resource Date
2026-02-28

Review

Needs Review
No
Historical
No

Dates

Event date
2026-04-30T00:00:00.000Z

Reasoning: Measured resource for platinum at Eagle deposit, part of Talon's first independent baseline.

Positive factors

  • Measured category indicates high confidence
  • First independent baseline for Talon Metals

Evidence · table

“0.38”

Context: 39

Tags used in scoring

Measured Resourcepositive

Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.

Why it applies: category is "measured"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

measuredEagle Mine · palladiumTonnes: 39000Grade: 0.24Grade Unit: g/tView all details
Link to this fact

Identity

Project
Eagle Mine
Commodity
palladium
Region
michigan
Reported Region
Michigan
Ticker
TLO

Resource scope

Estimate type
resource
Effective date
2026-02-28T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Brian Thomas
Resource group id
resource:daba894ec43d506b5176
Deposit or zone
Eagle
Mining method
underground

Resource Data

Category
measured
Tonnes
39000
Grade
0.24
Grade Unit
g/t
Cutoff Grade
150.61
Cutoff Unit
US$/t

Prior Estimate

Resource Date
2026-02-28

Review

Needs Review
No
Historical
No

Dates

Event date
2026-04-30T00:00:00.000Z

Reasoning: Measured resource for palladium at Eagle deposit, part of Talon's first independent baseline.

Positive factors

  • Measured category indicates high confidence
  • First independent baseline for Talon Metals

Evidence · table

“0.24”

Context: 39

Tags used in scoring

Measured Resourcepositive

Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.

Why it applies: category is "measured"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

measuredEagle Mine · nickelTonnes: 39000Grade: 1.21Grade Unit: %View all details
Link to this fact

Identity

Project
Eagle Mine
Commodity
nickel
Region
michigan
Reported Region
Michigan
Ticker
TLO

Resource scope

Estimate type
resource
Effective date
2026-02-28T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Brian Thomas
Resource group id
resource:dbc7dc323a4585eaaa61
Deposit or zone
Total Measured
Mining method
underground

Resource Data

Category
measured
Tonnes
39000
Grade
1.21
Grade Unit
%
Cutoff Grade
150.61
Cutoff Unit
US$/t

Prior Estimate

Resource Date
2026-02-28

Review

Needs Review
No
Historical
No

Dates

Event date
2026-04-30T00:00:00.000Z

Reasoning: Total Measured resource for nickel, part of Talon's first independent baseline.

Positive factors

  • Measured category indicates high confidence
  • First independent baseline for Talon Metals

Evidence · table

“1.21”

Context: 39

Tags used in scoring

Measured Resourcepositive

Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.

Why it applies: category is "measured"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

measuredEagle Mine · copperTonnes: 39000Grade: 1.4Grade Unit: %View all details
Link to this fact

Identity

Project
Eagle Mine
Commodity
copper
Region
michigan
Reported Region
Michigan
Ticker
TLO

Resource scope

Estimate type
resource
Effective date
2026-02-28T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Brian Thomas
Resource group id
resource:dbc7dc323a4585eaaa61
Deposit or zone
Total Measured
Mining method
underground

Resource Data

Category
measured
Tonnes
39000
Grade
1.4
Grade Unit
%
Cutoff Grade
150.61
Cutoff Unit
US$/t

Prior Estimate

Resource Date
2026-02-28

Review

Needs Review
No
Historical
No

Dates

Event date
2026-04-30T00:00:00.000Z

Reasoning: Total Measured resource for copper, part of Talon's first independent baseline.

Positive factors

  • Measured category indicates high confidence
  • First independent baseline for Talon Metals

Evidence · table

“1.40”

Context: 39

Tags used in scoring

Measured Resourcepositive

Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.

Why it applies: category is "measured"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

measuredEagle Mine · cobaltTonnes: 39000Grade: 0.03Grade Unit: %View all details
Link to this fact

Identity

Project
Eagle Mine
Commodity
cobalt
Region
michigan
Reported Region
Michigan
Ticker
TLO

Resource scope

Estimate type
resource
Effective date
2026-02-28T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Brian Thomas
Resource group id
resource:dbc7dc323a4585eaaa61
Deposit or zone
Total Measured
Mining method
underground

Resource Data

Category
measured
Tonnes
39000
Grade
0.03
Grade Unit
%
Cutoff Grade
150.61
Cutoff Unit
US$/t

Prior Estimate

Resource Date
2026-02-28

Review

Needs Review
No
Historical
No

Dates

Event date
2026-04-30T00:00:00.000Z

Reasoning: Total Measured resource for cobalt, part of Talon's first independent baseline.

Positive factors

  • Measured category indicates high confidence
  • First independent baseline for Talon Metals

Evidence · table

“0.03”

Context: 39

Tags used in scoring

Measured Resourcepositive

Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.

Why it applies: category is "measured"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

measuredEagle Mine · goldTonnes: 39000Grade: 0.2Grade Unit: g/tView all details
Link to this fact

Identity

Project
Eagle Mine
Commodity
gold
Region
michigan
Reported Region
Michigan
Ticker
TLO

Resource scope

Estimate type
resource
Effective date
2026-02-28T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Brian Thomas
Resource group id
resource:dbc7dc323a4585eaaa61
Deposit or zone
Total Measured
Mining method
underground

Resource Data

Category
measured
Tonnes
39000
Grade
0.2
Grade Unit
g/t
Cutoff Grade
150.61
Cutoff Unit
US$/t

Prior Estimate

Resource Date
2026-02-28

Review

Needs Review
No
Historical
No

Dates

Event date
2026-04-30T00:00:00.000Z

Reasoning: Total Measured resource for gold, part of Talon's first independent baseline.

Positive factors

  • Measured category indicates high confidence
  • First independent baseline for Talon Metals

Evidence · table

“0.20”

Context: 39

Tags used in scoring

Measured Resourcepositive

Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.

Why it applies: category is "measured"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

measuredEagle Mine · silverTonnes: 39000Grade: 7.35Grade Unit: g/tView all details
Link to this fact

Identity

Project
Eagle Mine
Commodity
silver
Region
michigan
Reported Region
Michigan
Ticker
TLO

Resource scope

Estimate type
resource
Effective date
2026-02-28T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Brian Thomas
Resource group id
resource:dbc7dc323a4585eaaa61
Deposit or zone
Total Measured
Mining method
underground

Resource Data

Category
measured
Tonnes
39000
Grade
7.35
Grade Unit
g/t
Cutoff Grade
150.61
Cutoff Unit
US$/t

Prior Estimate

Resource Date
2026-02-28

Review

Needs Review
No
Historical
No

Dates

Event date
2026-04-30T00:00:00.000Z

Reasoning: Total Measured resource for silver, part of Talon's first independent baseline.

Positive factors

  • Measured category indicates high confidence
  • First independent baseline for Talon Metals

Evidence · table

“7.35”

Context: 39

Tags used in scoring

Measured Resourcepositive

Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.

Why it applies: category is "measured"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

measuredEagle Mine · platinumTonnes: 39000Grade: 0.38Grade Unit: g/tView all details
Link to this fact

Identity

Project
Eagle Mine
Commodity
platinum
Region
michigan
Reported Region
Michigan
Ticker
TLO

Resource scope

Estimate type
resource
Effective date
2026-02-28T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Brian Thomas
Resource group id
resource:dbc7dc323a4585eaaa61
Deposit or zone
Total Measured
Mining method
underground

Resource Data

Category
measured
Tonnes
39000
Grade
0.38
Grade Unit
g/t
Cutoff Grade
150.61
Cutoff Unit
US$/t

Prior Estimate

Resource Date
2026-02-28

Review

Needs Review
No
Historical
No

Dates

Event date
2026-04-30T00:00:00.000Z

Reasoning: Total Measured resource for platinum, part of Talon's first independent baseline.

Positive factors

  • Measured category indicates high confidence
  • First independent baseline for Talon Metals

Evidence · table

“0.38”

Context: 39

Tags used in scoring

Measured Resourcepositive

Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.

Why it applies: category is "measured"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

measuredEagle Mine · palladiumTonnes: 39000Grade: 0.24Grade Unit: g/tView all details
Link to this fact

Identity

Project
Eagle Mine
Commodity
palladium
Region
michigan
Reported Region
Michigan
Ticker
TLO

Resource scope

Estimate type
resource
Effective date
2026-02-28T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Brian Thomas
Resource group id
resource:dbc7dc323a4585eaaa61
Deposit or zone
Total Measured
Mining method
underground

Resource Data

Category
measured
Tonnes
39000
Grade
0.24
Grade Unit
g/t
Cutoff Grade
150.61
Cutoff Unit
US$/t

Prior Estimate

Resource Date
2026-02-28

Review

Needs Review
No
Historical
No

Dates

Event date
2026-04-30T00:00:00.000Z

Reasoning: Total Measured resource for palladium, part of Talon's first independent baseline.

Positive factors

  • Measured category indicates high confidence
  • First independent baseline for Talon Metals

Evidence · table

“0.24”

Context: 39

Tags used in scoring

Measured Resourcepositive

Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.

Why it applies: category is "measured"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

indicatedEagle Mine · nickelTonnes: 43000Grade: 1.17Grade Unit: %View all details
Link to this fact

Identity

Project
Eagle Mine
Commodity
nickel
Region
michigan
Reported Region
Michigan
Ticker
TLO

Resource scope

Estimate type
resource
Effective date
2026-02-28T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Brian Thomas
Resource group id
resource:9d5e83a42f6ba5398ac8
Deposit or zone
Eagle
Mining method
underground

Resource Data

Category
indicated
Tonnes
43000
Grade
1.17
Grade Unit
%
Cutoff Grade
150.61
Cutoff Unit
US$/t

Prior Estimate

Resource Date
2026-02-28

Review

Needs Review
No
Historical
No

Dates

Event date
2026-04-30T00:00:00.000Z

Reasoning: Indicated resource for nickel at Eagle deposit, part of Talon's first independent baseline.

Positive factors

  • Indicated category provides good confidence
  • First independent baseline for Talon Metals

Evidence · table

“1.17”

Context: 43

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

indicatedEagle Mine · copperTonnes: 43000Grade: 1.26Grade Unit: %View all details
Link to this fact

Identity

Project
Eagle Mine
Commodity
copper
Region
michigan
Reported Region
Michigan
Ticker
TLO

Resource scope

Estimate type
resource
Effective date
2026-02-28T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Brian Thomas
Resource group id
resource:9d5e83a42f6ba5398ac8
Deposit or zone
Eagle
Mining method
underground

Resource Data

Category
indicated
Tonnes
43000
Grade
1.26
Grade Unit
%
Cutoff Grade
150.61
Cutoff Unit
US$/t

Prior Estimate

Resource Date
2026-02-28

Review

Needs Review
No
Historical
No

Dates

Event date
2026-04-30T00:00:00.000Z

Reasoning: Indicated resource for copper at Eagle deposit, part of Talon's first independent baseline.

Positive factors

  • Indicated category provides good confidence
  • First independent baseline for Talon Metals

Evidence · table

“1.26”

Context: 43

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

indicatedEagle Mine · cobaltTonnes: 43000Grade: 0.03Grade Unit: %View all details
Link to this fact

Identity

Project
Eagle Mine
Commodity
cobalt
Region
michigan
Reported Region
Michigan
Ticker
TLO

Resource scope

Estimate type
resource
Effective date
2026-02-28T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Brian Thomas
Resource group id
resource:9d5e83a42f6ba5398ac8
Deposit or zone
Eagle
Mining method
underground

Resource Data

Category
indicated
Tonnes
43000
Grade
0.03
Grade Unit
%
Cutoff Grade
150.61
Cutoff Unit
US$/t

Prior Estimate

Resource Date
2026-02-28

Review

Needs Review
No
Historical
No

Dates

Event date
2026-04-30T00:00:00.000Z

Reasoning: Indicated resource for cobalt at Eagle deposit, part of Talon's first independent baseline.

Positive factors

  • Indicated category provides good confidence
  • First independent baseline for Talon Metals

Evidence · table

“0.03”

Context: 43

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

indicatedEagle Mine · goldTonnes: 43000Grade: 0.18Grade Unit: g/tView all details
Link to this fact

Identity

Project
Eagle Mine
Commodity
gold
Region
michigan
Reported Region
Michigan
Ticker
TLO

Resource scope

Estimate type
resource
Effective date
2026-02-28T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Brian Thomas
Resource group id
resource:9d5e83a42f6ba5398ac8
Deposit or zone
Eagle
Mining method
underground

Resource Data

Category
indicated
Tonnes
43000
Grade
0.18
Grade Unit
g/t
Cutoff Grade
150.61
Cutoff Unit
US$/t

Prior Estimate

Resource Date
2026-02-28

Review

Needs Review
No
Historical
No

Dates

Event date
2026-04-30T00:00:00.000Z

Reasoning: Indicated resource for gold at Eagle deposit, part of Talon's first independent baseline.

Positive factors

  • Indicated category provides good confidence
  • First independent baseline for Talon Metals

Evidence · table

“0.18”

Context: 43

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

indicatedEagle Mine · silverTonnes: 43000Grade: 6.45Grade Unit: g/tView all details
Link to this fact

Identity

Project
Eagle Mine
Commodity
silver
Region
michigan
Reported Region
Michigan
Ticker
TLO

Resource scope

Estimate type
resource
Effective date
2026-02-28T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Brian Thomas
Resource group id
resource:9d5e83a42f6ba5398ac8
Deposit or zone
Eagle
Mining method
underground

Resource Data

Category
indicated
Tonnes
43000
Grade
6.45
Grade Unit
g/t
Cutoff Grade
150.61
Cutoff Unit
US$/t

Prior Estimate

Resource Date
2026-02-28

Review

Needs Review
No
Historical
No

Dates

Event date
2026-04-30T00:00:00.000Z

Reasoning: Indicated resource for silver at Eagle deposit, part of Talon's first independent baseline.

Positive factors

  • Indicated category provides good confidence
  • First independent baseline for Talon Metals

Evidence · table

“6.45”

Context: 43

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

indicatedEagle Mine · platinumTonnes: 43000Grade: 0.34Grade Unit: g/tView all details
Link to this fact

Identity

Project
Eagle Mine
Commodity
platinum
Region
michigan
Reported Region
Michigan
Ticker
TLO

Resource scope

Estimate type
resource
Effective date
2026-02-28T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Brian Thomas
Resource group id
resource:9d5e83a42f6ba5398ac8
Deposit or zone
Eagle
Mining method
underground

Resource Data

Category
indicated
Tonnes
43000
Grade
0.34
Grade Unit
g/t
Cutoff Grade
150.61
Cutoff Unit
US$/t

Prior Estimate

Resource Date
2026-02-28

Review

Needs Review
No
Historical
No

Dates

Event date
2026-04-30T00:00:00.000Z

Reasoning: Indicated resource for platinum at Eagle deposit, part of Talon's first independent baseline.

Positive factors

  • Indicated category provides good confidence
  • First independent baseline for Talon Metals

Evidence · table

“0.34”

Context: 43

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

indicatedEagle Mine · palladiumTonnes: 43000Grade: 0.21Grade Unit: g/tView all details
Link to this fact

Identity

Project
Eagle Mine
Commodity
palladium
Region
michigan
Reported Region
Michigan
Ticker
TLO

Resource scope

Estimate type
resource
Effective date
2026-02-28T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Brian Thomas
Resource group id
resource:9d5e83a42f6ba5398ac8
Deposit or zone
Eagle
Mining method
underground

Resource Data

Category
indicated
Tonnes
43000
Grade
0.21
Grade Unit
g/t
Cutoff Grade
150.61
Cutoff Unit
US$/t

Prior Estimate

Resource Date
2026-02-28

Review

Needs Review
No
Historical
No

Dates

Event date
2026-04-30T00:00:00.000Z

Reasoning: Indicated resource for palladium at Eagle deposit, part of Talon's first independent baseline.

Positive factors

  • Indicated category provides good confidence
  • First independent baseline for Talon Metals

Evidence · table

“0.21”

Context: 43

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

indicatedEagle Mine · nickelTonnes: 1164000Grade: 1.54Grade Unit: %View all details
Link to this fact

Identity

Project
Eagle Mine
Commodity
nickel
Region
michigan
Reported Region
Michigan
Ticker
TLO

Resource scope

Estimate type
resource
Effective date
2026-02-28T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Brian Thomas
Resource group id
resource:99522275915f5f158e90
Deposit or zone
Eagle East
Mining method
underground

Resource Data

Category
indicated
Tonnes
1164000
Grade
1.54
Grade Unit
%
Cutoff Grade
150.61
Cutoff Unit
US$/t

Prior Estimate

Resource Date
2026-02-28

Review

Needs Review
No
Historical
No

Dates

Event date
2026-04-30T00:00:00.000Z

Reasoning: Combined Measured and Indicated resource for nickel at Eagle East deposit, part of Talon's first independent baseline.

Positive factors

  • Combined Measured and Indicated category provides good confidence
  • Higher nickel grade
  • First independent baseline for Talon Metals

Evidence · table

“1.54”

Context: 1,164

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

indicatedEagle Mine · copperTonnes: 1164000Grade: 1.29Grade Unit: %View all details
Link to this fact

Identity

Project
Eagle Mine
Commodity
copper
Region
michigan
Reported Region
Michigan
Ticker
TLO

Resource scope

Estimate type
resource
Effective date
2026-02-28T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Brian Thomas
Resource group id
resource:99522275915f5f158e90
Deposit or zone
Eagle East
Mining method
underground

Resource Data

Category
indicated
Tonnes
1164000
Grade
1.29
Grade Unit
%
Cutoff Grade
150.61
Cutoff Unit
US$/t

Prior Estimate

Resource Date
2026-02-28

Review

Needs Review
No
Historical
No

Dates

Event date
2026-04-30T00:00:00.000Z

Reasoning: Combined Measured and Indicated resource for copper at Eagle East deposit, part of Talon's first independent baseline.

Positive factors

  • Combined Measured and Indicated category provides good confidence
  • First independent baseline for Talon Metals

Evidence · table

“1.29”

Context: 1,164

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

indicatedEagle Mine · cobaltTonnes: 1164000Grade: 0.04Grade Unit: %View all details
Link to this fact

Identity

Project
Eagle Mine
Commodity
cobalt
Region
michigan
Reported Region
Michigan
Ticker
TLO

Resource scope

Estimate type
resource
Effective date
2026-02-28T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Brian Thomas
Resource group id
resource:99522275915f5f158e90
Deposit or zone
Eagle East
Mining method
underground

Resource Data

Category
indicated
Tonnes
1164000
Grade
0.04
Grade Unit
%
Cutoff Grade
150.61
Cutoff Unit
US$/t

Prior Estimate

Resource Date
2026-02-28

Review

Needs Review
No
Historical
No

Dates

Event date
2026-04-30T00:00:00.000Z

Reasoning: Combined Measured and Indicated resource for cobalt at Eagle East deposit, part of Talon's first independent baseline.

Positive factors

  • Combined Measured and Indicated category provides good confidence
  • First independent baseline for Talon Metals

Evidence · table

“0.04”

Context: 1,164

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

indicatedEagle Mine · goldTonnes: 1164000Grade: 0.16Grade Unit: g/tView all details
Link to this fact

Identity

Project
Eagle Mine
Commodity
gold
Region
michigan
Reported Region
Michigan
Ticker
TLO

Resource scope

Estimate type
resource
Effective date
2026-02-28T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Brian Thomas
Resource group id
resource:99522275915f5f158e90
Deposit or zone
Eagle East
Mining method
underground

Resource Data

Category
indicated
Tonnes
1164000
Grade
0.16
Grade Unit
g/t
Cutoff Grade
150.61
Cutoff Unit
US$/t

Prior Estimate

Resource Date
2026-02-28

Review

Needs Review
No
Historical
No

Dates

Event date
2026-04-30T00:00:00.000Z

Reasoning: Combined Measured and Indicated resource for gold at Eagle East deposit, part of Talon's first independent baseline.

Positive factors

  • Combined Measured and Indicated category provides good confidence
  • First independent baseline for Talon Metals

Evidence · table

“0.16”

Context: 1,164

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

indicatedEagle Mine · silverTonnes: 1164000Grade: 5.4Grade Unit: g/tView all details
Link to this fact

Identity

Project
Eagle Mine
Commodity
silver
Region
michigan
Reported Region
Michigan
Ticker
TLO

Resource scope

Estimate type
resource
Effective date
2026-02-28T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Brian Thomas
Resource group id
resource:99522275915f5f158e90
Deposit or zone
Eagle East
Mining method
underground

Resource Data

Category
indicated
Tonnes
1164000
Grade
5.4
Grade Unit
g/t
Cutoff Grade
150.61
Cutoff Unit
US$/t

Prior Estimate

Resource Date
2026-02-28

Review

Needs Review
No
Historical
No

Dates

Event date
2026-04-30T00:00:00.000Z

Reasoning: Combined Measured and Indicated resource for silver at Eagle East deposit, part of Talon's first independent baseline.

Positive factors

  • Combined Measured and Indicated category provides good confidence
  • First independent baseline for Talon Metals

Evidence · table

“5.40”

Context: 1,164

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

indicatedEagle Mine · platinumTonnes: 1164000Grade: 0.39Grade Unit: g/tView all details
Link to this fact

Identity

Project
Eagle Mine
Commodity
platinum
Region
michigan
Reported Region
Michigan
Ticker
TLO

Resource scope

Estimate type
resource
Effective date
2026-02-28T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Brian Thomas
Resource group id
resource:99522275915f5f158e90
Deposit or zone
Eagle East
Mining method
underground

Resource Data

Category
indicated
Tonnes
1164000
Grade
0.39
Grade Unit
g/t
Cutoff Grade
150.61
Cutoff Unit
US$/t

Prior Estimate

Resource Date
2026-02-28

Review

Needs Review
No
Historical
No

Dates

Event date
2026-04-30T00:00:00.000Z

Reasoning: Combined Measured and Indicated resource for platinum at Eagle East deposit, part of Talon's first independent baseline.

Positive factors

  • Combined Measured and Indicated category provides good confidence
  • First independent baseline for Talon Metals

Evidence · table

“0.39”

Context: 1,164

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

indicatedEagle Mine · palladiumTonnes: 1164000Grade: 0.27Grade Unit: g/tView all details
Link to this fact

Identity

Project
Eagle Mine
Commodity
palladium
Region
michigan
Reported Region
Michigan
Ticker
TLO

Resource scope

Estimate type
resource
Effective date
2026-02-28T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Brian Thomas
Resource group id
resource:99522275915f5f158e90
Deposit or zone
Eagle East
Mining method
underground

Resource Data

Category
indicated
Tonnes
1164000
Grade
0.27
Grade Unit
g/t
Cutoff Grade
150.61
Cutoff Unit
US$/t

Prior Estimate

Resource Date
2026-02-28

Review

Needs Review
No
Historical
No

Dates

Event date
2026-04-30T00:00:00.000Z

Reasoning: Combined Measured and Indicated resource for palladium at Eagle East deposit, part of Talon's first independent baseline.

Positive factors

  • Combined Measured and Indicated category provides good confidence
  • First independent baseline for Talon Metals

Evidence · table

“0.27”

Context: 1,164

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

indicatedEagle Mine · nickelTonnes: 2053000Grade: 1.14Grade Unit: %View all details
Link to this fact

Identity

Project
Eagle Mine
Commodity
nickel
Region
michigan
Reported Region
Michigan
Ticker
TLO

Resource scope

Estimate type
resource
Effective date
2026-02-28T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Brian Thomas
Resource group id
resource:79cdcf3fadc3fa45671a
Deposit or zone
Keel
Mining method
underground

Resource Data

Category
indicated
Tonnes
2053000
Grade
1.14
Grade Unit
%
Cutoff Grade
150.61
Cutoff Unit
US$/t

Prior Estimate

Resource Date
2026-02-28

Review

Needs Review
No
Historical
No

Dates

Event date
2026-04-30T00:00:00.000Z

Reasoning: Combined Measured and Indicated resource for nickel at Keel deposit, part of Talon's first independent baseline and a significant tonnage contributor.

Positive factors

  • Combined Measured and Indicated category provides good confidence
  • Largest tonnage component
  • First independent baseline for Talon Metals

Evidence · table

“1.14”

Context: 2,053

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

indicatedEagle Mine · copperTonnes: 2053000Grade: 0.78Grade Unit: %View all details
Link to this fact

Identity

Project
Eagle Mine
Commodity
copper
Region
michigan
Reported Region
Michigan
Ticker
TLO

Resource scope

Estimate type
resource
Effective date
2026-02-28T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Brian Thomas
Resource group id
resource:79cdcf3fadc3fa45671a
Deposit or zone
Keel
Mining method
underground

Resource Data

Category
indicated
Tonnes
2053000
Grade
0.78
Grade Unit
%
Cutoff Grade
150.61
Cutoff Unit
US$/t

Prior Estimate

Resource Date
2026-02-28

Review

Needs Review
No
Historical
No

Dates

Event date
2026-04-30T00:00:00.000Z

Reasoning: Combined Measured and Indicated resource for copper at Keel deposit, part of Talon's first independent baseline.

Positive factors

  • Combined Measured and Indicated category provides good confidence
  • First independent baseline for Talon Metals

Evidence · table

“0.78”

Context: 2,053

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

indicatedEagle Mine · cobaltTonnes: 2053000Grade: 0.03Grade Unit: %View all details
Link to this fact

Identity

Project
Eagle Mine
Commodity
cobalt
Region
michigan
Reported Region
Michigan
Ticker
TLO

Resource scope

Estimate type
resource
Effective date
2026-02-28T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Brian Thomas
Resource group id
resource:79cdcf3fadc3fa45671a
Deposit or zone
Keel
Mining method
underground

Resource Data

Category
indicated
Tonnes
2053000
Grade
0.03
Grade Unit
%
Cutoff Grade
150.61
Cutoff Unit
US$/t

Prior Estimate

Resource Date
2026-02-28

Review

Needs Review
No
Historical
No

Dates

Event date
2026-04-30T00:00:00.000Z

Reasoning: Combined Measured and Indicated resource for cobalt at Keel deposit, part of Talon's first independent baseline.

Positive factors

  • Combined Measured and Indicated category provides good confidence
  • First independent baseline for Talon Metals

Evidence · table

“0.03”

Context: 2,053

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

indicatedEagle Mine · goldTonnes: 2053000Grade: 0.08Grade Unit: g/tView all details
Link to this fact

Identity

Project
Eagle Mine
Commodity
gold
Region
michigan
Reported Region
Michigan
Ticker
TLO

Resource scope

Estimate type
resource
Effective date
2026-02-28T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Brian Thomas
Resource group id
resource:79cdcf3fadc3fa45671a
Deposit or zone
Keel
Mining method
underground

Resource Data

Category
indicated
Tonnes
2053000
Grade
0.08
Grade Unit
g/t
Cutoff Grade
150.61
Cutoff Unit
US$/t

Prior Estimate

Resource Date
2026-02-28

Review

Needs Review
No
Historical
No

Dates

Event date
2026-04-30T00:00:00.000Z

Reasoning: Combined Measured and Indicated resource for gold at Keel deposit, part of Talon's first independent baseline.

Positive factors

  • Combined Measured and Indicated category provides good confidence
  • First independent baseline for Talon Metals

Evidence · table

“0.08”

Context: 2,053

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

indicatedEagle Mine · silverTonnes: 2053000Grade: 3.12Grade Unit: g/tView all details
Link to this fact

Identity

Project
Eagle Mine
Commodity
silver
Region
michigan
Reported Region
Michigan
Ticker
TLO

Resource scope

Estimate type
resource
Effective date
2026-02-28T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Brian Thomas
Resource group id
resource:79cdcf3fadc3fa45671a
Deposit or zone
Keel
Mining method
underground

Resource Data

Category
indicated
Tonnes
2053000
Grade
3.12
Grade Unit
g/t
Cutoff Grade
150.61
Cutoff Unit
US$/t

Prior Estimate

Resource Date
2026-02-28

Review

Needs Review
No
Historical
No

Dates

Event date
2026-04-30T00:00:00.000Z

Reasoning: Combined Measured and Indicated resource for silver at Keel deposit, part of Talon's first independent baseline.

Positive factors

  • Combined Measured and Indicated category provides good confidence
  • First independent baseline for Talon Metals

Evidence · table

“3.12”

Context: 2,053

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

indicatedEagle Mine · platinumTonnes: 2053000Grade: 0.2Grade Unit: g/tView all details
Link to this fact

Identity

Project
Eagle Mine
Commodity
platinum
Region
michigan
Reported Region
Michigan
Ticker
TLO

Resource scope

Estimate type
resource
Effective date
2026-02-28T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Brian Thomas
Resource group id
resource:79cdcf3fadc3fa45671a
Deposit or zone
Keel
Mining method
underground

Resource Data

Category
indicated
Tonnes
2053000
Grade
0.2
Grade Unit
g/t
Cutoff Grade
150.61
Cutoff Unit
US$/t

Prior Estimate

Resource Date
2026-02-28

Review

Needs Review
No
Historical
No

Dates

Event date
2026-04-30T00:00:00.000Z

Reasoning: Combined Measured and Indicated resource for platinum at Keel deposit, part of Talon's first independent baseline.

Positive factors

  • Combined Measured and Indicated category provides good confidence
  • First independent baseline for Talon Metals

Evidence · table

“0.20”

Context: 2,053

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

indicatedEagle Mine · palladiumTonnes: 2053000Grade: 0.14Grade Unit: g/tView all details
Link to this fact

Identity

Project
Eagle Mine
Commodity
palladium
Region
michigan
Reported Region
Michigan
Ticker
TLO

Resource scope

Estimate type
resource
Effective date
2026-02-28T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Brian Thomas
Resource group id
resource:79cdcf3fadc3fa45671a
Deposit or zone
Keel
Mining method
underground

Resource Data

Category
indicated
Tonnes
2053000
Grade
0.14
Grade Unit
g/t
Cutoff Grade
150.61
Cutoff Unit
US$/t

Prior Estimate

Resource Date
2026-02-28

Review

Needs Review
No
Historical
No

Dates

Event date
2026-04-30T00:00:00.000Z

Reasoning: Combined Measured and Indicated resource for palladium at Keel deposit, part of Talon's first independent baseline.

Positive factors

  • Combined Measured and Indicated category provides good confidence
  • First independent baseline for Talon Metals

Evidence · table

“0.14”

Context: 2,053

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

indicatedEagle Mine · nickelTonnes: 3260000Grade: 1.28Grade Unit: %View all details
Link to this fact

Identity

Project
Eagle Mine
Commodity
nickel
Region
michigan
Reported Region
Michigan
Ticker
TLO

Resource scope

Estimate type
resource
Effective date
2026-02-28T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Brian Thomas
Resource group id
resource:4952de54cc89cc2a800d
Deposit or zone
Total Indicated
Mining method
underground

Resource Data

Category
indicated
Tonnes
3260000
Grade
1.28
Grade Unit
%
Cutoff Grade
150.61
Cutoff Unit
US$/t

Prior Estimate

Resource Date
2026-02-28

Review

Needs Review
No
Historical
No

Dates

Event date
2026-04-30T00:00:00.000Z

Reasoning: Total Indicated resource for nickel, representing a substantial portion of the overall resource.

Positive factors

  • Significant tonnage in Indicated category
  • First independent baseline for Talon Metals

Evidence · table

“1.28”

Context: 3,260

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

indicatedEagle Mine · copperTonnes: 3260000Grade: 0.97Grade Unit: %View all details
Link to this fact

Identity

Project
Eagle Mine
Commodity
copper
Region
michigan
Reported Region
Michigan
Ticker
TLO

Resource scope

Estimate type
resource
Effective date
2026-02-28T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Brian Thomas
Resource group id
resource:4952de54cc89cc2a800d
Deposit or zone
Total Indicated
Mining method
underground

Resource Data

Category
indicated
Tonnes
3260000
Grade
0.97
Grade Unit
%
Cutoff Grade
150.61
Cutoff Unit
US$/t

Prior Estimate

Resource Date
2026-02-28

Review

Needs Review
No
Historical
No

Dates

Event date
2026-04-30T00:00:00.000Z

Reasoning: Total Indicated resource for copper, representing a substantial portion of the overall resource.

Positive factors

  • Significant tonnage in Indicated category
  • First independent baseline for Talon Metals

Evidence · table

“0.97”

Context: 3,260

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

indicatedEagle Mine · cobaltTonnes: 3260000Grade: 0.03Grade Unit: %View all details
Link to this fact

Identity

Project
Eagle Mine
Commodity
cobalt
Region
michigan
Reported Region
Michigan
Ticker
TLO

Resource scope

Estimate type
resource
Effective date
2026-02-28T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Brian Thomas
Resource group id
resource:4952de54cc89cc2a800d
Deposit or zone
Total Indicated
Mining method
underground

Resource Data

Category
indicated
Tonnes
3260000
Grade
0.03
Grade Unit
%
Cutoff Grade
150.61
Cutoff Unit
US$/t

Prior Estimate

Resource Date
2026-02-28

Review

Needs Review
No
Historical
No

Dates

Event date
2026-04-30T00:00:00.000Z

Reasoning: Total Indicated resource for cobalt, representing a substantial portion of the overall resource.

Positive factors

  • Significant tonnage in Indicated category
  • First independent baseline for Talon Metals

Evidence · table

“0.03”

Context: 3,260

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

indicatedEagle Mine · goldTonnes: 3260000Grade: 0.11Grade Unit: g/tView all details
Link to this fact

Identity

Project
Eagle Mine
Commodity
gold
Region
michigan
Reported Region
Michigan
Ticker
TLO

Resource scope

Estimate type
resource
Effective date
2026-02-28T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Brian Thomas
Resource group id
resource:4952de54cc89cc2a800d
Deposit or zone
Total Indicated
Mining method
underground

Resource Data

Category
indicated
Tonnes
3260000
Grade
0.11
Grade Unit
g/t
Cutoff Grade
150.61
Cutoff Unit
US$/t

Prior Estimate

Resource Date
2026-02-28

Review

Needs Review
No
Historical
No

Dates

Event date
2026-04-30T00:00:00.000Z

Reasoning: Total Indicated resource for gold, representing a substantial portion of the overall resource.

Positive factors

  • Significant tonnage in Indicated category
  • First independent baseline for Talon Metals

Evidence · table

“0.11”

Context: 3,260

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

indicatedEagle Mine · silverTonnes: 3260000Grade: 3.98Grade Unit: g/tView all details
Link to this fact

Identity

Project
Eagle Mine
Commodity
silver
Region
michigan
Reported Region
Michigan
Ticker
TLO

Resource scope

Estimate type
resource
Effective date
2026-02-28T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Brian Thomas
Resource group id
resource:4952de54cc89cc2a800d
Deposit or zone
Total Indicated
Mining method
underground

Resource Data

Category
indicated
Tonnes
3260000
Grade
3.98
Grade Unit
g/t
Cutoff Grade
150.61
Cutoff Unit
US$/t

Prior Estimate

Resource Date
2026-02-28

Review

Needs Review
No
Historical
No

Dates

Event date
2026-04-30T00:00:00.000Z

Reasoning: Total Indicated resource for silver, representing a substantial portion of the overall resource.

Positive factors

  • Significant tonnage in Indicated category
  • First independent baseline for Talon Metals

Evidence · table

“3.98”

Context: 3,260

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

indicatedEagle Mine · platinumTonnes: 3260000Grade: 0.27Grade Unit: g/tView all details
Link to this fact

Identity

Project
Eagle Mine
Commodity
platinum
Region
michigan
Reported Region
Michigan
Ticker
TLO

Resource scope

Estimate type
resource
Effective date
2026-02-28T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Brian Thomas
Resource group id
resource:4952de54cc89cc2a800d
Deposit or zone
Total Indicated
Mining method
underground

Resource Data

Category
indicated
Tonnes
3260000
Grade
0.27
Grade Unit
g/t
Cutoff Grade
150.61
Cutoff Unit
US$/t

Prior Estimate

Resource Date
2026-02-28

Review

Needs Review
No
Historical
No

Dates

Event date
2026-04-30T00:00:00.000Z

Reasoning: Total Indicated resource for platinum, representing a substantial portion of the overall resource.

Positive factors

  • Significant tonnage in Indicated category
  • First independent baseline for Talon Metals

Evidence · table

“0.27”

Context: 3,260

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

indicatedEagle Mine · palladiumTonnes: 3260000Grade: 0.18Grade Unit: g/tView all details
Link to this fact

Identity

Project
Eagle Mine
Commodity
palladium
Region
michigan
Reported Region
Michigan
Ticker
TLO

Resource scope

Estimate type
resource
Effective date
2026-02-28T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Brian Thomas
Resource group id
resource:4952de54cc89cc2a800d
Deposit or zone
Total Indicated
Mining method
underground

Resource Data

Category
indicated
Tonnes
3260000
Grade
0.18
Grade Unit
g/t
Cutoff Grade
150.61
Cutoff Unit
US$/t

Prior Estimate

Resource Date
2026-02-28

Review

Needs Review
No
Historical
No

Dates

Event date
2026-04-30T00:00:00.000Z

Reasoning: Total Indicated resource for palladium, representing a substantial portion of the overall resource.

Positive factors

  • Significant tonnage in Indicated category
  • First independent baseline for Talon Metals

Evidence · table

“0.18”

Context: 3,260

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

indicatedEagle Mine · nickelTonnes: 82000Grade: 1.19Grade Unit: %View all details
Link to this fact

Identity

Project
Eagle Mine
Commodity
nickel
Region
michigan
Reported Region
Michigan
Ticker
TLO

Resource scope

Estimate type
resource
Effective date
2026-02-28T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Brian Thomas
Resource group id
resource:bd4672ad4b7b2ff69232
Deposit or zone
Eagle
Mining method
underground

Resource Data

Category
indicated
Tonnes
82000
Grade
1.19
Grade Unit
%
Cutoff Grade
150.61
Cutoff Unit
US$/t

Prior Estimate

Resource Date
2026-02-28

Review

Needs Review
No
Historical
No

Dates

Event date
2026-04-30T00:00:00.000Z

Reasoning: Combined Measured and Indicated resource for nickel at Eagle deposit, part of Talon's first independent baseline.

Positive factors

  • Combined Measured and Indicated category provides good confidence
  • First independent baseline for Talon Metals

Evidence · table

“1.19”

Context: 82

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

indicatedEagle Mine · copperTonnes: 82000Grade: 1.33Grade Unit: %View all details
Link to this fact

Identity

Project
Eagle Mine
Commodity
copper
Region
michigan
Reported Region
Michigan
Ticker
TLO

Resource scope

Estimate type
resource
Effective date
2026-02-28T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Brian Thomas
Resource group id
resource:bd4672ad4b7b2ff69232
Deposit or zone
Eagle
Mining method
underground

Resource Data

Category
indicated
Tonnes
82000
Grade
1.33
Grade Unit
%
Cutoff Grade
150.61
Cutoff Unit
US$/t

Prior Estimate

Resource Date
2026-02-28

Review

Needs Review
No
Historical
No

Dates

Event date
2026-04-30T00:00:00.000Z

Reasoning: Combined Measured and Indicated resource for copper at Eagle deposit, part of Talon's first independent baseline.

Positive factors

  • Combined Measured and Indicated category provides good confidence
  • First independent baseline for Talon Metals

Evidence · table

“1.33”

Context: 82

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

indicatedEagle Mine · cobaltTonnes: 82000Grade: 0.03Grade Unit: %View all details
Link to this fact

Identity

Project
Eagle Mine
Commodity
cobalt
Region
michigan
Reported Region
Michigan
Ticker
TLO

Resource scope

Estimate type
resource
Effective date
2026-02-28T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Brian Thomas
Resource group id
resource:bd4672ad4b7b2ff69232
Deposit or zone
Eagle
Mining method
underground

Resource Data

Category
indicated
Tonnes
82000
Grade
0.03
Grade Unit
%
Cutoff Grade
150.61
Cutoff Unit
US$/t

Prior Estimate

Resource Date
2026-02-28

Review

Needs Review
No
Historical
No

Dates

Event date
2026-04-30T00:00:00.000Z

Reasoning: Combined Measured and Indicated resource for cobalt at Eagle deposit, part of Talon's first independent baseline.

Positive factors

  • Combined Measured and Indicated category provides good confidence
  • First independent baseline for Talon Metals

Evidence · table

“0.03”

Context: 82

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

indicatedEagle Mine · goldTonnes: 82000Grade: 0.19Grade Unit: g/tView all details
Link to this fact

Identity

Project
Eagle Mine
Commodity
gold
Region
michigan
Reported Region
Michigan
Ticker
TLO

Resource scope

Estimate type
resource
Effective date
2026-02-28T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Brian Thomas
Resource group id
resource:bd4672ad4b7b2ff69232
Deposit or zone
Eagle
Mining method
underground

Resource Data

Category
indicated
Tonnes
82000
Grade
0.19
Grade Unit
g/t
Cutoff Grade
150.61
Cutoff Unit
US$/t

Prior Estimate

Resource Date
2026-02-28

Review

Needs Review
No
Historical
No

Dates

Event date
2026-04-30T00:00:00.000Z

Reasoning: Combined Measured and Indicated resource for gold at Eagle deposit, part of Talon's first independent baseline.

Positive factors

  • Combined Measured and Indicated category provides good confidence
  • First independent baseline for Talon Metals

Evidence · table

“0.19”

Context: 82

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

indicatedEagle Mine · silverTonnes: 82000Grade: 6.88Grade Unit: g/tView all details
Link to this fact

Identity

Project
Eagle Mine
Commodity
silver
Region
michigan
Reported Region
Michigan
Ticker
TLO

Resource scope

Estimate type
resource
Effective date
2026-02-28T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Brian Thomas
Resource group id
resource:bd4672ad4b7b2ff69232
Deposit or zone
Eagle
Mining method
underground

Resource Data

Category
indicated
Tonnes
82000
Grade
6.88
Grade Unit
g/t
Cutoff Grade
150.61
Cutoff Unit
US$/t

Prior Estimate

Resource Date
2026-02-28

Review

Needs Review
No
Historical
No

Dates

Event date
2026-04-30T00:00:00.000Z

Reasoning: Combined Measured and Indicated resource for silver at Eagle deposit, part of Talon's first independent baseline.

Positive factors

  • Combined Measured and Indicated category provides good confidence
  • First independent baseline for Talon Metals

Evidence · table

“6.88”

Context: 82

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

indicatedEagle Mine · platinumTonnes: 82000Grade: 0.36Grade Unit: g/tView all details
Link to this fact

Identity

Project
Eagle Mine
Commodity
platinum
Region
michigan
Reported Region
Michigan
Ticker
TLO

Resource scope

Estimate type
resource
Effective date
2026-02-28T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Brian Thomas
Resource group id
resource:bd4672ad4b7b2ff69232
Deposit or zone
Eagle
Mining method
underground

Resource Data

Category
indicated
Tonnes
82000
Grade
0.36
Grade Unit
g/t
Cutoff Grade
150.61
Cutoff Unit
US$/t

Prior Estimate

Resource Date
2026-02-28

Review

Needs Review
No
Historical
No

Dates

Event date
2026-04-30T00:00:00.000Z

Reasoning: Combined Measured and Indicated resource for platinum at Eagle deposit, part of Talon's first independent baseline.

Positive factors

  • Combined Measured and Indicated category provides good confidence
  • First independent baseline for Talon Metals

Evidence · table

“0.36”

Context: 82

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

indicatedEagle Mine · palladiumTonnes: 82000Grade: 0.22Grade Unit: g/tView all details
Link to this fact

Identity

Project
Eagle Mine
Commodity
palladium
Region
michigan
Reported Region
Michigan
Ticker
TLO

Resource scope

Estimate type
resource
Effective date
2026-02-28T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Brian Thomas
Resource group id
resource:bd4672ad4b7b2ff69232
Deposit or zone
Eagle
Mining method
underground

Resource Data

Category
indicated
Tonnes
82000
Grade
0.22
Grade Unit
g/t
Cutoff Grade
150.61
Cutoff Unit
US$/t

Prior Estimate

Resource Date
2026-02-28

Review

Needs Review
No
Historical
No

Dates

Event date
2026-04-30T00:00:00.000Z

Reasoning: Combined Measured and Indicated resource for palladium at Eagle deposit, part of Talon's first independent baseline.

Positive factors

  • Combined Measured and Indicated category provides good confidence
  • First independent baseline for Talon Metals

Evidence · table

“0.22”

Context: 82

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

indicatedEagle Mine · nickelTonnes: 3299000Grade: 1.28Grade Unit: %View all details
Link to this fact

Identity

Project
Eagle Mine
Commodity
nickel
Region
michigan
Reported Region
Michigan
Ticker
TLO

Resource scope

Estimate type
resource
Effective date
2026-02-28T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Brian Thomas
Resource group id
resource:0c5b703795e6c14d1f61
Deposit or zone
Total M&I
Mining method
underground

Resource Data

Category
indicated
Tonnes
3299000
Grade
1.28
Grade Unit
%
Cutoff Grade
150.61
Cutoff Unit
US$/t

Prior Estimate

Resource Date
2026-02-28

Review

Needs Review
No
Historical
No

Dates

Event date
2026-04-30T00:00:00.000Z

Reasoning: Total Measured and Indicated resource for nickel, representing a high confidence level for the project.

Positive factors

  • High Measured and Indicated percentage (96.15%)
  • Significant total M&I tonnage
  • First independent baseline for Talon Metals

Evidence · table

“1.28”

Context: 3,299

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

indicatedEagle Mine · copperTonnes: 3299000Grade: 0.97Grade Unit: %View all details
Link to this fact

Identity

Project
Eagle Mine
Commodity
copper
Region
michigan
Reported Region
Michigan
Ticker
TLO

Resource scope

Estimate type
resource
Effective date
2026-02-28T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Brian Thomas
Resource group id
resource:0c5b703795e6c14d1f61
Deposit or zone
Total M&I
Mining method
underground

Resource Data

Category
indicated
Tonnes
3299000
Grade
0.97
Grade Unit
%
Cutoff Grade
150.61
Cutoff Unit
US$/t

Prior Estimate

Resource Date
2026-02-28

Review

Needs Review
No
Historical
No

Dates

Event date
2026-04-30T00:00:00.000Z

Reasoning: Total Measured and Indicated resource for copper, representing a high confidence level for the project.

Positive factors

  • High Measured and Indicated percentage (96.15%)
  • Significant total M&I tonnage
  • First independent baseline for Talon Metals

Evidence · table

“0.97”

Context: 3,299

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

indicatedEagle Mine · cobaltTonnes: 3299000Grade: 0.03Grade Unit: %View all details
Link to this fact

Identity

Project
Eagle Mine
Commodity
cobalt
Region
michigan
Reported Region
Michigan
Ticker
TLO

Resource scope

Estimate type
resource
Effective date
2026-02-28T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Brian Thomas
Resource group id
resource:0c5b703795e6c14d1f61
Deposit or zone
Total M&I
Mining method
underground

Resource Data

Category
indicated
Tonnes
3299000
Grade
0.03
Grade Unit
%
Cutoff Grade
150.61
Cutoff Unit
US$/t

Prior Estimate

Resource Date
2026-02-28

Review

Needs Review
No
Historical
No

Dates

Event date
2026-04-30T00:00:00.000Z

Reasoning: Total Measured and Indicated resource for cobalt, representing a high confidence level for the project.

Positive factors

  • High Measured and Indicated percentage (96.15%)
  • Significant total M&I tonnage
  • First independent baseline for Talon Metals

Evidence · table

“0.03”

Context: 3,299

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

indicatedEagle Mine · goldTonnes: 3299000Grade: 0.11Grade Unit: g/tView all details
Link to this fact

Identity

Project
Eagle Mine
Commodity
gold
Region
michigan
Reported Region
Michigan
Ticker
TLO

Resource scope

Estimate type
resource
Effective date
2026-02-28T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Brian Thomas
Resource group id
resource:0c5b703795e6c14d1f61
Deposit or zone
Total M&I
Mining method
underground

Resource Data

Category
indicated
Tonnes
3299000
Grade
0.11
Grade Unit
g/t
Cutoff Grade
150.61
Cutoff Unit
US$/t

Prior Estimate

Resource Date
2026-02-28

Review

Needs Review
No
Historical
No

Dates

Event date
2026-04-30T00:00:00.000Z

Reasoning: Total Measured and Indicated resource for gold, representing a high confidence level for the project.

Positive factors

  • High Measured and Indicated percentage (96.15%)
  • Significant total M&I tonnage
  • First independent baseline for Talon Metals

Evidence · table

“0.11”

Context: 3,299

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

indicatedEagle Mine · silverTonnes: 3299000Grade: 4.02Grade Unit: g/tView all details
Link to this fact

Identity

Project
Eagle Mine
Commodity
silver
Region
michigan
Reported Region
Michigan
Ticker
TLO

Resource scope

Estimate type
resource
Effective date
2026-02-28T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Brian Thomas
Resource group id
resource:0c5b703795e6c14d1f61
Deposit or zone
Total M&I
Mining method
underground

Resource Data

Category
indicated
Tonnes
3299000
Grade
4.02
Grade Unit
g/t
Cutoff Grade
150.61
Cutoff Unit
US$/t

Prior Estimate

Resource Date
2026-02-28

Review

Needs Review
No
Historical
No

Dates

Event date
2026-04-30T00:00:00.000Z

Reasoning: Total Measured and Indicated resource for silver, representing a high confidence level for the project.

Positive factors

  • High Measured and Indicated percentage (96.15%)
  • Significant total M&I tonnage
  • First independent baseline for Talon Metals

Evidence · table

“4.02”

Context: 3,299

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

indicatedEagle Mine · platinumTonnes: 3299000Grade: 0.27Grade Unit: g/tView all details
Link to this fact

Identity

Project
Eagle Mine
Commodity
platinum
Region
michigan
Reported Region
Michigan
Ticker
TLO

Resource scope

Estimate type
resource
Effective date
2026-02-28T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Brian Thomas
Resource group id
resource:0c5b703795e6c14d1f61
Deposit or zone
Total M&I
Mining method
underground

Resource Data

Category
indicated
Tonnes
3299000
Grade
0.27
Grade Unit
g/t
Cutoff Grade
150.61
Cutoff Unit
US$/t

Prior Estimate

Resource Date
2026-02-28

Review

Needs Review
No
Historical
No

Dates

Event date
2026-04-30T00:00:00.000Z

Reasoning: Total Measured and Indicated resource for platinum, representing a high confidence level for the project.

Positive factors

  • High Measured and Indicated percentage (96.15%)
  • Significant total M&I tonnage
  • First independent baseline for Talon Metals

Evidence · table

“0.27”

Context: 3,299

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

indicatedEagle Mine · palladiumTonnes: 3299000Grade: 0.19Grade Unit: g/tView all details
Link to this fact

Identity

Project
Eagle Mine
Commodity
palladium
Region
michigan
Reported Region
Michigan
Ticker
TLO

Resource scope

Estimate type
resource
Effective date
2026-02-28T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Brian Thomas
Resource group id
resource:0c5b703795e6c14d1f61
Deposit or zone
Total M&I
Mining method
underground

Resource Data

Category
indicated
Tonnes
3299000
Grade
0.19
Grade Unit
g/t
Cutoff Grade
150.61
Cutoff Unit
US$/t

Prior Estimate

Resource Date
2026-02-28

Review

Needs Review
No
Historical
No

Dates

Event date
2026-04-30T00:00:00.000Z

Reasoning: Total Measured and Indicated resource for palladium, representing a high confidence level for the project.

Positive factors

  • High Measured and Indicated percentage (96.15%)
  • Significant total M&I tonnage
  • First independent baseline for Talon Metals

Evidence · table

“0.19”

Context: 3,299

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

inferredEagle Mine · nickelTonnes: 19000Grade: 0.99Grade Unit: %View all details
Link to this fact

Identity

Project
Eagle Mine
Commodity
nickel
Region
michigan
Reported Region
Michigan
Ticker
TLO

Resource scope

Estimate type
resource
Effective date
2026-02-28T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Brian Thomas
Resource group id
resource:b527a0295df1d1f4fa7b
Deposit or zone
Eagle
Mining method
underground

Resource Data

Category
inferred
Tonnes
19000
Grade
0.99
Grade Unit
%
Cutoff Grade
150.61
Cutoff Unit
US$/t

Prior Estimate

Resource Date
2026-02-28

Review

Needs Review
No
Historical
No

Dates

Event date
2026-04-30T00:00:00.000Z

Reasoning: Inferred resource for nickel at Eagle deposit, part of Talon's first independent baseline.

Positive factors

  • First independent baseline for Talon Metals

Negative factors

  • Inferred category indicates lower confidence

Evidence · table

“0.99”

Context: 19

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

inferredEagle Mine · copperTonnes: 19000Grade: 0.82Grade Unit: %View all details
Link to this fact

Identity

Project
Eagle Mine
Commodity
copper
Region
michigan
Reported Region
Michigan
Ticker
TLO

Resource scope

Estimate type
resource
Effective date
2026-02-28T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Brian Thomas
Resource group id
resource:b527a0295df1d1f4fa7b
Deposit or zone
Eagle
Mining method
underground

Resource Data

Category
inferred
Tonnes
19000
Grade
0.82
Grade Unit
%
Cutoff Grade
150.61
Cutoff Unit
US$/t

Prior Estimate

Resource Date
2026-02-28

Review

Needs Review
No
Historical
No

Dates

Event date
2026-04-30T00:00:00.000Z

Reasoning: Inferred resource for copper at Eagle deposit, part of Talon's first independent baseline.

Positive factors

  • First independent baseline for Talon Metals

Negative factors

  • Inferred category indicates lower confidence

Evidence · table

“0.82”

Context: 19

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

inferredEagle Mine · cobaltTonnes: 19000Grade: 0.03Grade Unit: %View all details
Link to this fact

Identity

Project
Eagle Mine
Commodity
cobalt
Region
michigan
Reported Region
Michigan
Ticker
TLO

Resource scope

Estimate type
resource
Effective date
2026-02-28T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Brian Thomas
Resource group id
resource:b527a0295df1d1f4fa7b
Deposit or zone
Eagle
Mining method
underground

Resource Data

Category
inferred
Tonnes
19000
Grade
0.03
Grade Unit
%
Cutoff Grade
150.61
Cutoff Unit
US$/t

Prior Estimate

Resource Date
2026-02-28

Review

Needs Review
No
Historical
No

Dates

Event date
2026-04-30T00:00:00.000Z

Reasoning: Inferred resource for cobalt at Eagle deposit, part of Talon's first independent baseline.

Positive factors

  • First independent baseline for Talon Metals

Negative factors

  • Inferred category indicates lower confidence

Evidence · table

“0.03”

Context: 19

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

inferredEagle Mine · goldTonnes: 19000Grade: 0.09Grade Unit: g/tView all details
Link to this fact

Identity

Project
Eagle Mine
Commodity
gold
Region
michigan
Reported Region
Michigan
Ticker
TLO

Resource scope

Estimate type
resource
Effective date
2026-02-28T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Brian Thomas
Resource group id
resource:b527a0295df1d1f4fa7b
Deposit or zone
Eagle
Mining method
underground

Resource Data

Category
inferred
Tonnes
19000
Grade
0.09
Grade Unit
g/t
Cutoff Grade
150.61
Cutoff Unit
US$/t

Prior Estimate

Resource Date
2026-02-28

Review

Needs Review
No
Historical
No

Dates

Event date
2026-04-30T00:00:00.000Z

Reasoning: Inferred resource for gold at Eagle deposit, part of Talon's first independent baseline.

Positive factors

  • First independent baseline for Talon Metals

Negative factors

  • Inferred category indicates lower confidence

Evidence · table

“0.09”

Context: 19

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

inferredEagle Mine · silverTonnes: 19000Grade: 3.5Grade Unit: g/tView all details
Link to this fact

Identity

Project
Eagle Mine
Commodity
silver
Region
michigan
Reported Region
Michigan
Ticker
TLO

Resource scope

Estimate type
resource
Effective date
2026-02-28T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Brian Thomas
Resource group id
resource:b527a0295df1d1f4fa7b
Deposit or zone
Eagle
Mining method
underground

Resource Data

Category
inferred
Tonnes
19000
Grade
3.5
Grade Unit
g/t
Cutoff Grade
150.61
Cutoff Unit
US$/t

Prior Estimate

Resource Date
2026-02-28

Review

Needs Review
No
Historical
No

Dates

Event date
2026-04-30T00:00:00.000Z

Reasoning: Inferred resource for silver at Eagle deposit, part of Talon's first independent baseline.

Positive factors

  • First independent baseline for Talon Metals

Negative factors

  • Inferred category indicates lower confidence

Evidence · table

“3.50”

Context: 19

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

inferredEagle Mine · platinumTonnes: 19000Grade: 0.21Grade Unit: g/tView all details
Link to this fact

Identity

Project
Eagle Mine
Commodity
platinum
Region
michigan
Reported Region
Michigan
Ticker
TLO

Resource scope

Estimate type
resource
Effective date
2026-02-28T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Brian Thomas
Resource group id
resource:b527a0295df1d1f4fa7b
Deposit or zone
Eagle
Mining method
underground

Resource Data

Category
inferred
Tonnes
19000
Grade
0.21
Grade Unit
g/t
Cutoff Grade
150.61
Cutoff Unit
US$/t

Prior Estimate

Resource Date
2026-02-28

Review

Needs Review
No
Historical
No

Dates

Event date
2026-04-30T00:00:00.000Z

Reasoning: Inferred resource for platinum at Eagle deposit, part of Talon's first independent baseline.

Positive factors

  • First independent baseline for Talon Metals

Negative factors

  • Inferred category indicates lower confidence

Evidence · table

“0.21”

Context: 19

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

inferredEagle Mine · palladiumTonnes: 19000Grade: 0.14Grade Unit: g/tView all details
Link to this fact

Identity

Project
Eagle Mine
Commodity
palladium
Region
michigan
Reported Region
Michigan
Ticker
TLO

Resource scope

Estimate type
resource
Effective date
2026-02-28T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Brian Thomas
Resource group id
resource:b527a0295df1d1f4fa7b
Deposit or zone
Eagle
Mining method
underground

Resource Data

Category
inferred
Tonnes
19000
Grade
0.14
Grade Unit
g/t
Cutoff Grade
150.61
Cutoff Unit
US$/t

Prior Estimate

Resource Date
2026-02-28

Review

Needs Review
No
Historical
No

Dates

Event date
2026-04-30T00:00:00.000Z

Reasoning: Inferred resource for palladium at Eagle deposit, part of Talon's first independent baseline.

Positive factors

  • First independent baseline for Talon Metals

Negative factors

  • Inferred category indicates lower confidence

Evidence · table

“0.14”

Context: 19

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

inferredEagle Mine · nickelTonnes: 113000Grade: 0.92Grade Unit: %View all details
Link to this fact

Identity

Project
Eagle Mine
Commodity
nickel
Region
michigan
Reported Region
Michigan
Ticker
TLO

Resource scope

Estimate type
resource
Effective date
2026-02-28T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Brian Thomas
Resource group id
resource:db594929743a8fbc44a0
Deposit or zone
Keel
Mining method
underground

Resource Data

Category
inferred
Tonnes
113000
Grade
0.92
Grade Unit
%
Cutoff Grade
150.61
Cutoff Unit
US$/t

Prior Estimate

Resource Date
2026-02-28

Review

Needs Review
No
Historical
No

Dates

Event date
2026-04-30T00:00:00.000Z

Reasoning: Inferred resource for nickel at Keel deposit, part of Talon's first independent baseline.

Positive factors

  • First independent baseline for Talon Metals

Negative factors

  • Inferred category indicates lower confidence

Evidence · table

“0.92”

Context: 113

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

inferredEagle Mine · copperTonnes: 113000Grade: 0.69Grade Unit: %View all details
Link to this fact

Identity

Project
Eagle Mine
Commodity
copper
Region
michigan
Reported Region
Michigan
Ticker
TLO

Resource scope

Estimate type
resource
Effective date
2026-02-28T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Brian Thomas
Resource group id
resource:db594929743a8fbc44a0
Deposit or zone
Keel
Mining method
underground

Resource Data

Category
inferred
Tonnes
113000
Grade
0.69
Grade Unit
%
Cutoff Grade
150.61
Cutoff Unit
US$/t

Prior Estimate

Resource Date
2026-02-28

Review

Needs Review
No
Historical
No

Dates

Event date
2026-04-30T00:00:00.000Z

Reasoning: Inferred resource for copper at Keel deposit, part of Talon's first independent baseline.

Positive factors

  • First independent baseline for Talon Metals

Negative factors

  • Inferred category indicates lower confidence

Evidence · table

“0.69”

Context: 113

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

inferredEagle Mine · cobaltTonnes: 113000Grade: 0.02Grade Unit: %View all details
Link to this fact

Identity

Project
Eagle Mine
Commodity
cobalt
Region
michigan
Reported Region
Michigan
Ticker
TLO

Resource scope

Estimate type
resource
Effective date
2026-02-28T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Brian Thomas
Resource group id
resource:db594929743a8fbc44a0
Deposit or zone
Keel
Mining method
underground

Resource Data

Category
inferred
Tonnes
113000
Grade
0.02
Grade Unit
%
Cutoff Grade
150.61
Cutoff Unit
US$/t

Prior Estimate

Resource Date
2026-02-28

Review

Needs Review
No
Historical
No

Dates

Event date
2026-04-30T00:00:00.000Z

Reasoning: Inferred resource for cobalt at Keel deposit, part of Talon's first independent baseline.

Positive factors

  • First independent baseline for Talon Metals

Negative factors

  • Inferred category indicates lower confidence

Evidence · table

“0.02”

Context: 113

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

inferredEagle Mine · goldTonnes: 113000Grade: 0.06Grade Unit: g/tView all details
Link to this fact

Identity

Project
Eagle Mine
Commodity
gold
Region
michigan
Reported Region
Michigan
Ticker
TLO

Resource scope

Estimate type
resource
Effective date
2026-02-28T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Brian Thomas
Resource group id
resource:db594929743a8fbc44a0
Deposit or zone
Keel
Mining method
underground

Resource Data

Category
inferred
Tonnes
113000
Grade
0.06
Grade Unit
g/t
Cutoff Grade
150.61
Cutoff Unit
US$/t

Prior Estimate

Resource Date
2026-02-28

Review

Needs Review
No
Historical
No

Dates

Event date
2026-04-30T00:00:00.000Z

Reasoning: Inferred resource for gold at Keel deposit, part of Talon's first independent baseline.

Positive factors

  • First independent baseline for Talon Metals

Negative factors

  • Inferred category indicates lower confidence

Evidence · table

“0.06”

Context: 113

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

inferredEagle Mine · silverTonnes: 113000Grade: 2.54Grade Unit: g/tView all details
Link to this fact

Identity

Project
Eagle Mine
Commodity
silver
Region
michigan
Reported Region
Michigan
Ticker
TLO

Resource scope

Estimate type
resource
Effective date
2026-02-28T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Brian Thomas
Resource group id
resource:db594929743a8fbc44a0
Deposit or zone
Keel
Mining method
underground

Resource Data

Category
inferred
Tonnes
113000
Grade
2.54
Grade Unit
g/t
Cutoff Grade
150.61
Cutoff Unit
US$/t

Prior Estimate

Resource Date
2026-02-28

Review

Needs Review
No
Historical
No

Dates

Event date
2026-04-30T00:00:00.000Z

Reasoning: Inferred resource for silver at Keel deposit, part of Talon's first independent baseline.

Positive factors

  • First independent baseline for Talon Metals

Negative factors

  • Inferred category indicates lower confidence

Evidence · table

“2.54”

Context: 113

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

inferredEagle Mine · platinumTonnes: 113000Grade: 0.11Grade Unit: g/tView all details
Link to this fact

Identity

Project
Eagle Mine
Commodity
platinum
Region
michigan
Reported Region
Michigan
Ticker
TLO

Resource scope

Estimate type
resource
Effective date
2026-02-28T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Brian Thomas
Resource group id
resource:db594929743a8fbc44a0
Deposit or zone
Keel
Mining method
underground

Resource Data

Category
inferred
Tonnes
113000
Grade
0.11
Grade Unit
g/t
Cutoff Grade
150.61
Cutoff Unit
US$/t

Prior Estimate

Resource Date
2026-02-28

Review

Needs Review
No
Historical
No

Dates

Event date
2026-04-30T00:00:00.000Z

Reasoning: Inferred resource for platinum at Keel deposit, part of Talon's first independent baseline.

Positive factors

  • First independent baseline for Talon Metals

Negative factors

  • Inferred category indicates lower confidence

Evidence · table

“0.11”

Context: 113

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

inferredEagle Mine · palladiumTonnes: 113000Grade: 0.13Grade Unit: g/tView all details
Link to this fact

Identity

Project
Eagle Mine
Commodity
palladium
Region
michigan
Reported Region
Michigan
Ticker
TLO

Resource scope

Estimate type
resource
Effective date
2026-02-28T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Brian Thomas
Resource group id
resource:db594929743a8fbc44a0
Deposit or zone
Keel
Mining method
underground

Resource Data

Category
inferred
Tonnes
113000
Grade
0.13
Grade Unit
g/t
Cutoff Grade
150.61
Cutoff Unit
US$/t

Prior Estimate

Resource Date
2026-02-28

Review

Needs Review
No
Historical
No

Dates

Event date
2026-04-30T00:00:00.000Z

Reasoning: Inferred resource for palladium at Keel deposit, part of Talon's first independent baseline.

Positive factors

  • First independent baseline for Talon Metals

Negative factors

  • Inferred category indicates lower confidence

Evidence · table

“0.13”

Context: 113

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

inferredEagle Mine · nickelTonnes: 132000Grade: 0.93Grade Unit: %View all details
Link to this fact

Identity

Project
Eagle Mine
Commodity
nickel
Region
michigan
Reported Region
Michigan
Ticker
TLO

Resource scope

Estimate type
resource
Effective date
2026-02-28T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Brian Thomas
Resource group id
resource:c959eadc564269b656dd
Deposit or zone
Total Inferred
Mining method
underground

Resource Data

Category
inferred
Tonnes
132000
Grade
0.93
Grade Unit
%
Cutoff Grade
150.61
Cutoff Unit
US$/t

Prior Estimate

Resource Date
2026-02-28

Review

Needs Review
No
Historical
No

Dates

Event date
2026-04-30T00:00:00.000Z

Reasoning: Total Inferred resource for nickel, part of Talon's first independent baseline.

Positive factors

  • First independent baseline for Talon Metals

Negative factors

  • Inferred category indicates lower confidence

Evidence · table

“0.93”

Context: 132

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

inferredEagle Mine · copperTonnes: 132000Grade: 0.71Grade Unit: %View all details
Link to this fact

Identity

Project
Eagle Mine
Commodity
copper
Region
michigan
Reported Region
Michigan
Ticker
TLO

Resource scope

Estimate type
resource
Effective date
2026-02-28T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Brian Thomas
Resource group id
resource:c959eadc564269b656dd
Deposit or zone
Total Inferred
Mining method
underground

Resource Data

Category
inferred
Tonnes
132000
Grade
0.71
Grade Unit
%
Cutoff Grade
150.61
Cutoff Unit
US$/t

Prior Estimate

Resource Date
2026-02-28

Review

Needs Review
No
Historical
No

Dates

Event date
2026-04-30T00:00:00.000Z

Reasoning: Total Inferred resource for copper, part of Talon's first independent baseline.

Positive factors

  • First independent baseline for Talon Metals

Negative factors

  • Inferred category indicates lower confidence

Evidence · table

“0.71”

Context: 132

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

inferredEagle Mine · cobaltTonnes: 132000Grade: 0.03Grade Unit: %View all details
Link to this fact

Identity

Project
Eagle Mine
Commodity
cobalt
Region
michigan
Reported Region
Michigan
Ticker
TLO

Resource scope

Estimate type
resource
Effective date
2026-02-28T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Brian Thomas
Resource group id
resource:c959eadc564269b656dd
Deposit or zone
Total Inferred
Mining method
underground

Resource Data

Category
inferred
Tonnes
132000
Grade
0.03
Grade Unit
%
Cutoff Grade
150.61
Cutoff Unit
US$/t

Prior Estimate

Resource Date
2026-02-28

Review

Needs Review
No
Historical
No

Dates

Event date
2026-04-30T00:00:00.000Z

Reasoning: Total Inferred resource for cobalt, part of Talon's first independent baseline.

Positive factors

  • First independent baseline for Talon Metals

Negative factors

  • Inferred category indicates lower confidence

Evidence · table

“0.03”

Context: 132

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

inferredEagle Mine · goldTonnes: 132000Grade: 0.07Grade Unit: g/tView all details
Link to this fact

Identity

Project
Eagle Mine
Commodity
gold
Region
michigan
Reported Region
Michigan
Ticker
TLO

Resource scope

Estimate type
resource
Effective date
2026-02-28T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Brian Thomas
Resource group id
resource:c959eadc564269b656dd
Deposit or zone
Total Inferred
Mining method
underground

Resource Data

Category
inferred
Tonnes
132000
Grade
0.07
Grade Unit
g/t
Cutoff Grade
150.61
Cutoff Unit
US$/t

Prior Estimate

Resource Date
2026-02-28

Review

Needs Review
No
Historical
No

Dates

Event date
2026-04-30T00:00:00.000Z

Reasoning: Total Inferred resource for gold, part of Talon's first independent baseline.

Positive factors

  • First independent baseline for Talon Metals

Negative factors

  • Inferred category indicates lower confidence

Evidence · table

“0.07”

Context: 132

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

inferredEagle Mine · silverTonnes: 132000Grade: 2.68Grade Unit: g/tView all details
Link to this fact

Identity

Project
Eagle Mine
Commodity
silver
Region
michigan
Reported Region
Michigan
Ticker
TLO

Resource scope

Estimate type
resource
Effective date
2026-02-28T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Brian Thomas
Resource group id
resource:c959eadc564269b656dd
Deposit or zone
Total Inferred
Mining method
underground

Resource Data

Category
inferred
Tonnes
132000
Grade
2.68
Grade Unit
g/t
Cutoff Grade
150.61
Cutoff Unit
US$/t

Prior Estimate

Resource Date
2026-02-28

Review

Needs Review
No
Historical
No

Dates

Event date
2026-04-30T00:00:00.000Z

Reasoning: Total Inferred resource for silver, part of Talon's first independent baseline.

Positive factors

  • First independent baseline for Talon Metals

Negative factors

  • Inferred category indicates lower confidence

Evidence · table

“2.68”

Context: 132

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

inferredEagle Mine · platinumTonnes: 132000Grade: 0.13Grade Unit: g/tView all details
Link to this fact

Identity

Project
Eagle Mine
Commodity
platinum
Region
michigan
Reported Region
Michigan
Ticker
TLO

Resource scope

Estimate type
resource
Effective date
2026-02-28T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Brian Thomas
Resource group id
resource:c959eadc564269b656dd
Deposit or zone
Total Inferred
Mining method
underground

Resource Data

Category
inferred
Tonnes
132000
Grade
0.13
Grade Unit
g/t
Cutoff Grade
150.61
Cutoff Unit
US$/t

Prior Estimate

Resource Date
2026-02-28

Review

Needs Review
No
Historical
No

Dates

Event date
2026-04-30T00:00:00.000Z

Reasoning: Total Inferred resource for platinum, part of Talon's first independent baseline.

Positive factors

  • First independent baseline for Talon Metals

Negative factors

  • Inferred category indicates lower confidence

Evidence · table

“0.13”

Context: 132

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

inferredEagle Mine · palladiumTonnes: 132000Grade: 0.13Grade Unit: g/tView all details
Link to this fact

Identity

Project
Eagle Mine
Commodity
palladium
Region
michigan
Reported Region
Michigan
Ticker
TLO

Resource scope

Estimate type
resource
Effective date
2026-02-28T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Brian Thomas
Resource group id
resource:c959eadc564269b656dd
Deposit or zone
Total Inferred
Mining method
underground

Resource Data

Category
inferred
Tonnes
132000
Grade
0.13
Grade Unit
g/t
Cutoff Grade
150.61
Cutoff Unit
US$/t

Prior Estimate

Resource Date
2026-02-28

Review

Needs Review
No
Historical
No

Dates

Event date
2026-04-30T00:00:00.000Z

Reasoning: Total Inferred resource for palladium, part of Talon's first independent baseline.

Positive factors

  • First independent baseline for Talon Metals

Negative factors

  • Inferred category indicates lower confidence

Evidence · table

“0.13”

Context: 132

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

provenEagle Mine · nickelTonnes: 27000Grade: 1.16Grade Unit: %Contained Metal: 0.31Contained Unit: ktView all details
Link to this fact

Identity

Project
Eagle Mine
Commodity
nickel
Region
michigan
Reported Region
Michigan
Ticker
TLO

Resource scope

Estimate type
reserve
Effective date
2026-02-28T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Bill Bagnell, Brian Thomas, Ibrahim Karajeh, David Jin, Khalid Mounhir, James Smith, Jason Obermeyer, Devin Castendyk, Emilie Williams
Resource group id
resource:98c903e63e430ced196d
Deposit or zone
Eagle
Mining method
underground

Resource Data

Category
proven
Tonnes
27000
Grade
1.16
Grade Unit
%
Contained Metal
0.31
Contained Unit
kt
Cutoff Grade
150.61
Cutoff Unit
US$/t

Prior Estimate

Resource Date
2026-02-28

Review

Needs Review
No
Historical
No

Dates

Event date
2026-04-30T00:00:00.000Z

Reasoning: Proven reserve for nickel at Eagle deposit, part of Talon's first independent baseline.

Positive factors

  • Proven category indicates highest confidence
  • First independent baseline for Talon Metals

Evidence · table

“1.16”

Context: 27

Tags used in scoring

Proven Reservepositive

Measured Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "proven"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

provenEagle Mine · copperTonnes: 27000Grade: 1.36Grade Unit: %Contained Metal: 0.36Contained Unit: ktView all details
Link to this fact

Identity

Project
Eagle Mine
Commodity
copper
Region
michigan
Reported Region
Michigan
Ticker
TLO

Resource scope

Estimate type
reserve
Effective date
2026-02-28T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Bill Bagnell, Brian Thomas, Ibrahim Karajeh, David Jin, Khalid Mounhir, James Smith, Jason Obermeyer, Devin Castendyk, Emilie Williams
Resource group id
resource:98c903e63e430ced196d
Deposit or zone
Eagle
Mining method
underground

Resource Data

Category
proven
Tonnes
27000
Grade
1.36
Grade Unit
%
Contained Metal
0.36
Contained Unit
kt
Cutoff Grade
150.61
Cutoff Unit
US$/t

Prior Estimate

Resource Date
2026-02-28

Review

Needs Review
No
Historical
No

Dates

Event date
2026-04-30T00:00:00.000Z

Reasoning: Proven reserve for copper at Eagle deposit, part of Talon's first independent baseline.

Positive factors

  • Proven category indicates highest confidence
  • First independent baseline for Talon Metals

Evidence · table

“1.36”

Context: 27

Tags used in scoring

Proven Reservepositive

Measured Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "proven"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

provenEagle Mine · goldTonnes: 27000Grade: 0.18Grade Unit: g/tContained Metal: 0.15Contained Unit: kozView all details
Link to this fact

Identity

Project
Eagle Mine
Commodity
gold
Region
michigan
Reported Region
Michigan
Ticker
TLO

Resource scope

Estimate type
reserve
Effective date
2026-02-28T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Bill Bagnell, Brian Thomas, Ibrahim Karajeh, David Jin, Khalid Mounhir, James Smith, Jason Obermeyer, Devin Castendyk, Emilie Williams
Resource group id
resource:98c903e63e430ced196d
Deposit or zone
Eagle
Mining method
underground

Resource Data

Category
proven
Tonnes
27000
Grade
0.18
Grade Unit
g/t
Contained Metal
0.15
Contained Unit
koz
Cutoff Grade
150.61
Cutoff Unit
US$/t

Prior Estimate

Resource Date
2026-02-28

Review

Needs Review
No
Historical
No

Dates

Event date
2026-04-30T00:00:00.000Z

Reasoning: Proven reserve for gold at Eagle deposit, part of Talon's first independent baseline.

Positive factors

  • Proven category indicates highest confidence
  • First independent baseline for Talon Metals

Evidence · table

“0.18”

Context: 27

Tags used in scoring

Proven Reservepositive

Measured Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "proven"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

provenEagle Mine · silverTonnes: 27000Grade: 6.94Grade Unit: g/tContained Metal: 5.92Contained Unit: kozView all details
Link to this fact

Identity

Project
Eagle Mine
Commodity
silver
Region
michigan
Reported Region
Michigan
Ticker
TLO

Resource scope

Estimate type
reserve
Effective date
2026-02-28T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Bill Bagnell, Brian Thomas, Ibrahim Karajeh, David Jin, Khalid Mounhir, James Smith, Jason Obermeyer, Devin Castendyk, Emilie Williams
Resource group id
resource:98c903e63e430ced196d
Deposit or zone
Eagle
Mining method
underground

Resource Data

Category
proven
Tonnes
27000
Grade
6.94
Grade Unit
g/t
Contained Metal
5.92
Contained Unit
koz
Cutoff Grade
150.61
Cutoff Unit
US$/t

Prior Estimate

Resource Date
2026-02-28

Review

Needs Review
No
Historical
No

Dates

Event date
2026-04-30T00:00:00.000Z

Reasoning: Proven reserve for silver at Eagle deposit, part of Talon's first independent baseline.

Positive factors

  • Proven category indicates highest confidence
  • First independent baseline for Talon Metals

Evidence · table

“6.94”

Context: 27

Tags used in scoring

Proven Reservepositive

Measured Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "proven"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

provenEagle Mine · cobaltTonnes: 27000Grade: 0.03Grade Unit: %Contained Metal: 0.01Contained Unit: ktView all details
Link to this fact

Identity

Project
Eagle Mine
Commodity
cobalt
Region
michigan
Reported Region
Michigan
Ticker
TLO

Resource scope

Estimate type
reserve
Effective date
2026-02-28T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Bill Bagnell, Brian Thomas, Ibrahim Karajeh, David Jin, Khalid Mounhir, James Smith, Jason Obermeyer, Devin Castendyk, Emilie Williams
Resource group id
resource:98c903e63e430ced196d
Deposit or zone
Eagle
Mining method
underground

Resource Data

Category
proven
Tonnes
27000
Grade
0.03
Grade Unit
%
Contained Metal
0.01
Contained Unit
kt
Cutoff Grade
150.61
Cutoff Unit
US$/t

Prior Estimate

Resource Date
2026-02-28

Review

Needs Review
No
Historical
No

Dates

Event date
2026-04-30T00:00:00.000Z

Reasoning: Proven reserve for cobalt at Eagle deposit, part of Talon's first independent baseline.

Positive factors

  • Proven category indicates highest confidence
  • First independent baseline for Talon Metals

Evidence · table

“0.03”

Context: 27

Tags used in scoring

Proven Reservepositive

Measured Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "proven"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

provenEagle Mine · platinumTonnes: 27000Grade: 0.35Grade Unit: g/tContained Metal: 0.3Contained Unit: kozView all details
Link to this fact

Identity

Project
Eagle Mine
Commodity
platinum
Region
michigan
Reported Region
Michigan
Ticker
TLO

Resource scope

Estimate type
reserve
Effective date
2026-02-28T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Bill Bagnell, Brian Thomas, Ibrahim Karajeh, David Jin, Khalid Mounhir, James Smith, Jason Obermeyer, Devin Castendyk, Emilie Williams
Resource group id
resource:98c903e63e430ced196d
Deposit or zone
Eagle
Mining method
underground

Resource Data

Category
proven
Tonnes
27000
Grade
0.35
Grade Unit
g/t
Contained Metal
0.3
Contained Unit
koz
Cutoff Grade
150.61
Cutoff Unit
US$/t

Prior Estimate

Resource Date
2026-02-28

Review

Needs Review
No
Historical
No

Dates

Event date
2026-04-30T00:00:00.000Z

Reasoning: Proven reserve for platinum at Eagle deposit, part of Talon's first independent baseline.

Positive factors

  • Proven category indicates highest confidence
  • First independent baseline for Talon Metals

Evidence · table

“0.35”

Context: 27

Tags used in scoring

Proven Reservepositive

Measured Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "proven"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

provenEagle Mine · palladiumTonnes: 27000Grade: 0.22Grade Unit: g/tContained Metal: 0.19Contained Unit: kozView all details
Link to this fact

Identity

Project
Eagle Mine
Commodity
palladium
Region
michigan
Reported Region
Michigan
Ticker
TLO

Resource scope

Estimate type
reserve
Effective date
2026-02-28T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Bill Bagnell, Brian Thomas, Ibrahim Karajeh, David Jin, Khalid Mounhir, James Smith, Jason Obermeyer, Devin Castendyk, Emilie Williams
Resource group id
resource:98c903e63e430ced196d
Deposit or zone
Eagle
Mining method
underground

Resource Data

Category
proven
Tonnes
27000
Grade
0.22
Grade Unit
g/t
Contained Metal
0.19
Contained Unit
koz
Cutoff Grade
150.61
Cutoff Unit
US$/t

Prior Estimate

Resource Date
2026-02-28

Review

Needs Review
No
Historical
No

Dates

Event date
2026-04-30T00:00:00.000Z

Reasoning: Proven reserve for palladium at Eagle deposit, part of Talon's first independent baseline.

Positive factors

  • Proven category indicates highest confidence
  • First independent baseline for Talon Metals

Evidence · table

“0.22”

Context: 27

Tags used in scoring

Proven Reservepositive

Measured Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "proven"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

probableEagle Mine · nickelTonnes: 14000Grade: 1.04Grade Unit: %Contained Metal: 0.14Contained Unit: ktView all details
Link to this fact

Identity

Project
Eagle Mine
Commodity
nickel
Region
michigan
Reported Region
Michigan
Ticker
TLO

Resource scope

Estimate type
reserve
Effective date
2026-02-28T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Bill Bagnell, Brian Thomas, Ibrahim Karajeh, David Jin, Khalid Mounhir, James Smith, Jason Obermeyer, Devin Castendyk, Emilie Williams
Resource group id
resource:40b91b06a98fef123621
Deposit or zone
Eagle
Mining method
underground

Resource Data

Category
probable
Tonnes
14000
Grade
1.04
Grade Unit
%
Contained Metal
0.14
Contained Unit
kt
Cutoff Grade
150.61
Cutoff Unit
US$/t

Prior Estimate

Resource Date
2026-02-28

Review

Needs Review
No
Historical
No

Dates

Event date
2026-04-30T00:00:00.000Z

Reasoning: Probable reserve for nickel at Eagle deposit, part of Talon's first independent baseline.

Positive factors

  • Probable category indicates good confidence
  • First independent baseline for Talon Metals

Evidence · table

“1.04”

Context: 14

Tags used in scoring

Probable Reservepositive

Indicated Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "probable"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

probableEagle Mine · copperTonnes: 14000Grade: 1.08Grade Unit: %Contained Metal: 0.15Contained Unit: ktView all details
Link to this fact

Identity

Project
Eagle Mine
Commodity
copper
Region
michigan
Reported Region
Michigan
Ticker
TLO

Resource scope

Estimate type
reserve
Effective date
2026-02-28T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Bill Bagnell, Brian Thomas, Ibrahim Karajeh, David Jin, Khalid Mounhir, James Smith, Jason Obermeyer, Devin Castendyk, Emilie Williams
Resource group id
resource:40b91b06a98fef123621
Deposit or zone
Eagle
Mining method
underground

Resource Data

Category
probable
Tonnes
14000
Grade
1.08
Grade Unit
%
Contained Metal
0.15
Contained Unit
kt
Cutoff Grade
150.61
Cutoff Unit
US$/t

Prior Estimate

Resource Date
2026-02-28

Review

Needs Review
No
Historical
No

Dates

Event date
2026-04-30T00:00:00.000Z

Reasoning: Probable reserve for copper at Eagle deposit, part of Talon's first independent baseline.

Positive factors

  • Probable category indicates good confidence
  • First independent baseline for Talon Metals

Evidence · table

“1.08”

Context: 14

Tags used in scoring

Probable Reservepositive

Indicated Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "probable"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

probableEagle Mine · goldTonnes: 14000Grade: 0.15Grade Unit: g/tContained Metal: 0.07Contained Unit: kozView all details
Link to this fact

Identity

Project
Eagle Mine
Commodity
gold
Region
michigan
Reported Region
Michigan
Ticker
TLO

Resource scope

Estimate type
reserve
Effective date
2026-02-28T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Bill Bagnell, Brian Thomas, Ibrahim Karajeh, David Jin, Khalid Mounhir, James Smith, Jason Obermeyer, Devin Castendyk, Emilie Williams
Resource group id
resource:40b91b06a98fef123621
Deposit or zone
Eagle
Mining method
underground

Resource Data

Category
probable
Tonnes
14000
Grade
0.15
Grade Unit
g/t
Contained Metal
0.07
Contained Unit
koz
Cutoff Grade
150.61
Cutoff Unit
US$/t

Prior Estimate

Resource Date
2026-02-28

Review

Needs Review
No
Historical
No

Dates

Event date
2026-04-30T00:00:00.000Z

Reasoning: Probable reserve for gold at Eagle deposit, part of Talon's first independent baseline.

Positive factors

  • Probable category indicates good confidence
  • First independent baseline for Talon Metals

Evidence · table

“0.15”

Context: 14

Tags used in scoring

Probable Reservepositive

Indicated Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "probable"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

probableEagle Mine · silverTonnes: 14000Grade: 5.74Grade Unit: g/tContained Metal: 2.58Contained Unit: kozView all details
Link to this fact

Identity

Project
Eagle Mine
Commodity
silver
Region
michigan
Reported Region
Michigan
Ticker
TLO

Resource scope

Estimate type
reserve
Effective date
2026-02-28T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Bill Bagnell, Brian Thomas, Ibrahim Karajeh, David Jin, Khalid Mounhir, James Smith, Jason Obermeyer, Devin Castendyk, Emilie Williams
Resource group id
resource:40b91b06a98fef123621
Deposit or zone
Eagle
Mining method
underground

Resource Data

Category
probable
Tonnes
14000
Grade
5.74
Grade Unit
g/t
Contained Metal
2.58
Contained Unit
koz
Cutoff Grade
150.61
Cutoff Unit
US$/t

Prior Estimate

Resource Date
2026-02-28

Review

Needs Review
No
Historical
No

Dates

Event date
2026-04-30T00:00:00.000Z

Reasoning: Probable reserve for silver at Eagle deposit, part of Talon's first independent baseline.

Positive factors

  • Probable category indicates good confidence
  • First independent baseline for Talon Metals

Evidence · table

“5.74”

Context: 14

Tags used in scoring

Probable Reservepositive

Indicated Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "probable"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

probableEagle Mine · cobaltTonnes: 14000Grade: 0.03Grade Unit: %Contained Metal: 0Contained Unit: ktView all details
Link to this fact

Identity

Project
Eagle Mine
Commodity
cobalt
Region
michigan
Reported Region
Michigan
Ticker
TLO

Resource scope

Estimate type
reserve
Effective date
2026-02-28T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Bill Bagnell, Brian Thomas, Ibrahim Karajeh, David Jin, Khalid Mounhir, James Smith, Jason Obermeyer, Devin Castendyk, Emilie Williams
Resource group id
resource:40b91b06a98fef123621
Deposit or zone
Eagle
Mining method
underground

Resource Data

Category
probable
Tonnes
14000
Grade
0.03
Grade Unit
%
Contained Metal
0
Contained Unit
kt
Cutoff Grade
150.61
Cutoff Unit
US$/t

Prior Estimate

Resource Date
2026-02-28

Review

Needs Review
No
Historical
No

Dates

Event date
2026-04-30T00:00:00.000Z

Reasoning: Probable reserve for cobalt at Eagle deposit, part of Talon's first independent baseline.

Positive factors

  • Probable category indicates good confidence
  • First independent baseline for Talon Metals

Evidence · table

“0.03”

Context: 14

Tags used in scoring

Probable Reservepositive

Indicated Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "probable"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

probableEagle Mine · platinumTonnes: 14000Grade: 0.28Grade Unit: g/tContained Metal: 0.13Contained Unit: kozView all details
Link to this fact

Identity

Project
Eagle Mine
Commodity
platinum
Region
michigan
Reported Region
Michigan
Ticker
TLO

Resource scope

Estimate type
reserve
Effective date
2026-02-28T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Bill Bagnell, Brian Thomas, Ibrahim Karajeh, David Jin, Khalid Mounhir, James Smith, Jason Obermeyer, Devin Castendyk, Emilie Williams
Resource group id
resource:40b91b06a98fef123621
Deposit or zone
Eagle
Mining method
underground

Resource Data

Category
probable
Tonnes
14000
Grade
0.28
Grade Unit
g/t
Contained Metal
0.13
Contained Unit
koz
Cutoff Grade
150.61
Cutoff Unit
US$/t

Prior Estimate

Resource Date
2026-02-28

Review

Needs Review
No
Historical
No

Dates

Event date
2026-04-30T00:00:00.000Z

Reasoning: Probable reserve for platinum at Eagle deposit, part of Talon's first independent baseline.

Positive factors

  • Probable category indicates good confidence
  • First independent baseline for Talon Metals

Evidence · table

“0.28”

Context: 14

Tags used in scoring

Probable Reservepositive

Indicated Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "probable"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

probableEagle Mine · palladiumTonnes: 14000Grade: 0.18Grade Unit: g/tContained Metal: 0.08Contained Unit: kozView all details
Link to this fact

Identity

Project
Eagle Mine
Commodity
palladium
Region
michigan
Reported Region
Michigan
Ticker
TLO

Resource scope

Estimate type
reserve
Effective date
2026-02-28T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Bill Bagnell, Brian Thomas, Ibrahim Karajeh, David Jin, Khalid Mounhir, James Smith, Jason Obermeyer, Devin Castendyk, Emilie Williams
Resource group id
resource:40b91b06a98fef123621
Deposit or zone
Eagle
Mining method
underground

Resource Data

Category
probable
Tonnes
14000
Grade
0.18
Grade Unit
g/t
Contained Metal
0.08
Contained Unit
koz
Cutoff Grade
150.61
Cutoff Unit
US$/t

Prior Estimate

Resource Date
2026-02-28

Review

Needs Review
No
Historical
No

Dates

Event date
2026-04-30T00:00:00.000Z

Reasoning: Probable reserve for palladium at Eagle deposit, part of Talon's first independent baseline.

Positive factors

  • Probable category indicates good confidence
  • First independent baseline for Talon Metals

Evidence · table

“0.18”

Context: 14

Tags used in scoring

Probable Reservepositive

Indicated Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "probable"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

provenEagle Mine · nickelTonnes: 41000Grade: 1.12Grade Unit: %Contained Metal: 0.45Contained Unit: ktView all details
Link to this fact

Identity

Project
Eagle Mine
Commodity
nickel
Region
michigan
Reported Region
Michigan
Ticker
TLO

Resource scope

Estimate type
reserve
Effective date
2026-02-28T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Bill Bagnell, Brian Thomas, Ibrahim Karajeh, David Jin, Khalid Mounhir, James Smith, Jason Obermeyer, Devin Castendyk, Emilie Williams
Resource group id
resource:d4e648662587bfe9f7a7
Deposit or zone
Eagle
Mining method
underground

Resource Data

Category
proven
Tonnes
41000
Grade
1.12
Grade Unit
%
Contained Metal
0.45
Contained Unit
kt
Cutoff Grade
150.61
Cutoff Unit
US$/t

Prior Estimate

Resource Date
2026-02-28

Review

Needs Review
No
Historical
No

Dates

Event date
2026-04-30T00:00:00.000Z

Reasoning: Sub Total Proven and Probable reserve for nickel at Eagle deposit, part of Talon's first independent baseline.

Positive factors

  • Combined Proven and Probable category provides good confidence
  • First independent baseline for Talon Metals

Evidence · table

“1.12”

Context: 41

Tags used in scoring

Proven Reservepositive

Measured Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "proven"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

provenEagle Mine · copperTonnes: 41000Grade: 1.27Grade Unit: %Contained Metal: 0.51Contained Unit: ktView all details
Link to this fact

Identity

Project
Eagle Mine
Commodity
copper
Region
michigan
Reported Region
Michigan
Ticker
TLO

Resource scope

Estimate type
reserve
Effective date
2026-02-28T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Bill Bagnell, Brian Thomas, Ibrahim Karajeh, David Jin, Khalid Mounhir, James Smith, Jason Obermeyer, Devin Castendyk, Emilie Williams
Resource group id
resource:d4e648662587bfe9f7a7
Deposit or zone
Eagle
Mining method
underground

Resource Data

Category
proven
Tonnes
41000
Grade
1.27
Grade Unit
%
Contained Metal
0.51
Contained Unit
kt
Cutoff Grade
150.61
Cutoff Unit
US$/t

Prior Estimate

Resource Date
2026-02-28

Review

Needs Review
No
Historical
No

Dates

Event date
2026-04-30T00:00:00.000Z

Reasoning: Sub Total Proven and Probable reserve for copper at Eagle deposit, part of Talon's first independent baseline.

Positive factors

  • Combined Proven and Probable category provides good confidence
  • First independent baseline for Talon Metals

Evidence · table

“1.27”

Context: 41

Tags used in scoring

Proven Reservepositive

Measured Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "proven"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

provenEagle Mine · goldTonnes: 41000Grade: 0.17Grade Unit: g/tContained Metal: 0.22Contained Unit: kozView all details
Link to this fact

Identity

Project
Eagle Mine
Commodity
gold
Region
michigan
Reported Region
Michigan
Ticker
TLO

Resource scope

Estimate type
reserve
Effective date
2026-02-28T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Bill Bagnell, Brian Thomas, Ibrahim Karajeh, David Jin, Khalid Mounhir, James Smith, Jason Obermeyer, Devin Castendyk, Emilie Williams
Resource group id
resource:d4e648662587bfe9f7a7
Deposit or zone
Eagle
Mining method
underground

Resource Data

Category
proven
Tonnes
41000
Grade
0.17
Grade Unit
g/t
Contained Metal
0.22
Contained Unit
koz
Cutoff Grade
150.61
Cutoff Unit
US$/t

Prior Estimate

Resource Date
2026-02-28

Review

Needs Review
No
Historical
No

Dates

Event date
2026-04-30T00:00:00.000Z

Reasoning: Sub Total Proven and Probable reserve for gold at Eagle deposit, part of Talon's first independent baseline.

Positive factors

  • Combined Proven and Probable category provides good confidence
  • First independent baseline for Talon Metals

Evidence · table

“0.17”

Context: 41

Tags used in scoring

Proven Reservepositive

Measured Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "proven"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

provenEagle Mine · silverTonnes: 41000Grade: 6.52Grade Unit: g/tContained Metal: 8.5Contained Unit: kozView all details
Link to this fact

Identity

Project
Eagle Mine
Commodity
silver
Region
michigan
Reported Region
Michigan
Ticker
TLO

Resource scope

Estimate type
reserve
Effective date
2026-02-28T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Bill Bagnell, Brian Thomas, Ibrahim Karajeh, David Jin, Khalid Mounhir, James Smith, Jason Obermeyer, Devin Castendyk, Emilie Williams
Resource group id
resource:d4e648662587bfe9f7a7
Deposit or zone
Eagle
Mining method
underground

Resource Data

Category
proven
Tonnes
41000
Grade
6.52
Grade Unit
g/t
Contained Metal
8.5
Contained Unit
koz
Cutoff Grade
150.61
Cutoff Unit
US$/t

Prior Estimate

Resource Date
2026-02-28

Review

Needs Review
No
Historical
No

Dates

Event date
2026-04-30T00:00:00.000Z

Reasoning: Sub Total Proven and Probable reserve for silver at Eagle deposit, part of Talon's first independent baseline.

Positive factors

  • Combined Proven and Probable category provides good confidence
  • First independent baseline for Talon Metals

Evidence · table

“6.52”

Context: 41

Tags used in scoring

Proven Reservepositive

Measured Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "proven"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

provenEagle Mine · cobaltTonnes: 41000Grade: 0.03Grade Unit: %Contained Metal: 0.01Contained Unit: ktView all details
Link to this fact

Identity

Project
Eagle Mine
Commodity
cobalt
Region
michigan
Reported Region
Michigan
Ticker
TLO

Resource scope

Estimate type
reserve
Effective date
2026-02-28T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Bill Bagnell, Brian Thomas, Ibrahim Karajeh, David Jin, Khalid Mounhir, James Smith, Jason Obermeyer, Devin Castendyk, Emilie Williams
Resource group id
resource:d4e648662587bfe9f7a7
Deposit or zone
Eagle
Mining method
underground

Resource Data

Category
proven
Tonnes
41000
Grade
0.03
Grade Unit
%
Contained Metal
0.01
Contained Unit
kt
Cutoff Grade
150.61
Cutoff Unit
US$/t

Prior Estimate

Resource Date
2026-02-28

Review

Needs Review
No
Historical
No

Dates

Event date
2026-04-30T00:00:00.000Z

Reasoning: Sub Total Proven and Probable reserve for cobalt at Eagle deposit, part of Talon's first independent baseline.

Positive factors

  • Combined Proven and Probable category provides good confidence
  • First independent baseline for Talon Metals

Evidence · table

“0.03”

Context: 41

Tags used in scoring

Proven Reservepositive

Measured Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "proven"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

provenEagle Mine · platinumTonnes: 41000Grade: 0.32Grade Unit: g/tContained Metal: 0.42Contained Unit: kozView all details
Link to this fact

Identity

Project
Eagle Mine
Commodity
platinum
Region
michigan
Reported Region
Michigan
Ticker
TLO

Resource scope

Estimate type
reserve
Effective date
2026-02-28T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Bill Bagnell, Brian Thomas, Ibrahim Karajeh, David Jin, Khalid Mounhir, James Smith, Jason Obermeyer, Devin Castendyk, Emilie Williams
Resource group id
resource:d4e648662587bfe9f7a7
Deposit or zone
Eagle
Mining method
underground

Resource Data

Category
proven
Tonnes
41000
Grade
0.32
Grade Unit
g/t
Contained Metal
0.42
Contained Unit
koz
Cutoff Grade
150.61
Cutoff Unit
US$/t

Prior Estimate

Resource Date
2026-02-28

Review

Needs Review
No
Historical
No

Dates

Event date
2026-04-30T00:00:00.000Z

Reasoning: Sub Total Proven and Probable reserve for platinum at Eagle deposit, part of Talon's first independent baseline.

Positive factors

  • Combined Proven and Probable category provides good confidence
  • First independent baseline for Talon Metals

Evidence · table

“0.32”

Context: 41

Tags used in scoring

Proven Reservepositive

Measured Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "proven"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

provenEagle Mine · palladiumTonnes: 41000Grade: 0.2Grade Unit: g/tContained Metal: 0.27Contained Unit: kozView all details
Link to this fact

Identity

Project
Eagle Mine
Commodity
palladium
Region
michigan
Reported Region
Michigan
Ticker
TLO

Resource scope

Estimate type
reserve
Effective date
2026-02-28T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Bill Bagnell, Brian Thomas, Ibrahim Karajeh, David Jin, Khalid Mounhir, James Smith, Jason Obermeyer, Devin Castendyk, Emilie Williams
Resource group id
resource:d4e648662587bfe9f7a7
Deposit or zone
Eagle
Mining method
underground

Resource Data

Category
proven
Tonnes
41000
Grade
0.2
Grade Unit
g/t
Contained Metal
0.27
Contained Unit
koz
Cutoff Grade
150.61
Cutoff Unit
US$/t

Prior Estimate

Resource Date
2026-02-28

Review

Needs Review
No
Historical
No

Dates

Event date
2026-04-30T00:00:00.000Z

Reasoning: Sub Total Proven and Probable reserve for palladium at Eagle deposit, part of Talon's first independent baseline.

Positive factors

  • Combined Proven and Probable category provides good confidence
  • First independent baseline for Talon Metals

Evidence · table

“0.20”

Context: 41

Tags used in scoring

Proven Reservepositive

Measured Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "proven"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

probableEagle Mine · nickelTonnes: 1155000Grade: 1.31Grade Unit: %Contained Metal: 15.15Contained Unit: ktView all details
Link to this fact

Identity

Project
Eagle Mine
Commodity
nickel
Region
michigan
Reported Region
Michigan
Ticker
TLO

Resource scope

Estimate type
reserve
Effective date
2026-02-28T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Bill Bagnell, Brian Thomas, Ibrahim Karajeh, David Jin, Khalid Mounhir, James Smith, Jason Obermeyer, Devin Castendyk, Emilie Williams
Resource group id
resource:7d8ffe38a78a5acde2be
Deposit or zone
Eagle East
Mining method
underground

Resource Data

Category
probable
Tonnes
1155000
Grade
1.31
Grade Unit
%
Contained Metal
15.15
Contained Unit
kt
Cutoff Grade
150.61
Cutoff Unit
US$/t

Prior Estimate

Resource Date
2026-02-28

Review

Needs Review
No
Historical
No

Dates

Event date
2026-04-30T00:00:00.000Z

Reasoning: Sub Total Proven and Probable reserve for nickel at Eagle East deposit, part of Talon's first independent baseline.

Positive factors

  • Combined Proven and Probable category provides good confidence
  • Significant tonnage and contained metal
  • First independent baseline for Talon Metals

Evidence · table

“1.31”

Context: 1,155

Tags used in scoring

Probable Reservepositive

Indicated Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "probable"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

probableEagle Mine · copperTonnes: 1155000Grade: 1.09Grade Unit: %Contained Metal: 12.61Contained Unit: ktView all details
Link to this fact

Identity

Project
Eagle Mine
Commodity
copper
Region
michigan
Reported Region
Michigan
Ticker
TLO

Resource scope

Estimate type
reserve
Effective date
2026-02-28T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Bill Bagnell, Brian Thomas, Ibrahim Karajeh, David Jin, Khalid Mounhir, James Smith, Jason Obermeyer, Devin Castendyk, Emilie Williams
Resource group id
resource:7d8ffe38a78a5acde2be
Deposit or zone
Eagle East
Mining method
underground

Resource Data

Category
probable
Tonnes
1155000
Grade
1.09
Grade Unit
%
Contained Metal
12.61
Contained Unit
kt
Cutoff Grade
150.61
Cutoff Unit
US$/t

Prior Estimate

Resource Date
2026-02-28

Review

Needs Review
No
Historical
No

Dates

Event date
2026-04-30T00:00:00.000Z

Reasoning: Sub Total Proven and Probable reserve for copper at Eagle East deposit, part of Talon's first independent baseline.

Positive factors

  • Combined Proven and Probable category provides good confidence
  • Significant tonnage and contained metal
  • First independent baseline for Talon Metals

Evidence · table

“1.09”

Context: 1,155

Tags used in scoring

Probable Reservepositive

Indicated Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "probable"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

probableEagle Mine · goldTonnes: 1155000Grade: 0.13Grade Unit: g/tContained Metal: 4.99Contained Unit: kozView all details
Link to this fact

Identity

Project
Eagle Mine
Commodity
gold
Region
michigan
Reported Region
Michigan
Ticker
TLO

Resource scope

Estimate type
reserve
Effective date
2026-02-28T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Bill Bagnell, Brian Thomas, Ibrahim Karajeh, David Jin, Khalid Mounhir, James Smith, Jason Obermeyer, Devin Castendyk, Emilie Williams
Resource group id
resource:7d8ffe38a78a5acde2be
Deposit or zone
Eagle East
Mining method
underground

Resource Data

Category
probable
Tonnes
1155000
Grade
0.13
Grade Unit
g/t
Contained Metal
4.99
Contained Unit
koz
Cutoff Grade
150.61
Cutoff Unit
US$/t

Prior Estimate

Resource Date
2026-02-28

Review

Needs Review
No
Historical
No

Dates

Event date
2026-04-30T00:00:00.000Z

Reasoning: Sub Total Proven and Probable reserve for gold at Eagle East deposit, part of Talon's first independent baseline.

Positive factors

  • Combined Proven and Probable category provides good confidence
  • First independent baseline for Talon Metals

Evidence · table

“0.13”

Context: 1,155

Tags used in scoring

Probable Reservepositive

Indicated Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "probable"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

probableEagle Mine · silverTonnes: 1155000Grade: 4.62Grade Unit: g/tContained Metal: 171.7Contained Unit: kozView all details
Link to this fact

Identity

Project
Eagle Mine
Commodity
silver
Region
michigan
Reported Region
Michigan
Ticker
TLO

Resource scope

Estimate type
reserve
Effective date
2026-02-28T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Bill Bagnell, Brian Thomas, Ibrahim Karajeh, David Jin, Khalid Mounhir, James Smith, Jason Obermeyer, Devin Castendyk, Emilie Williams
Resource group id
resource:7d8ffe38a78a5acde2be
Deposit or zone
Eagle East
Mining method
underground

Resource Data

Category
probable
Tonnes
1155000
Grade
4.62
Grade Unit
g/t
Contained Metal
171.7
Contained Unit
koz
Cutoff Grade
150.61
Cutoff Unit
US$/t

Prior Estimate

Resource Date
2026-02-28

Review

Needs Review
No
Historical
No

Dates

Event date
2026-04-30T00:00:00.000Z

Reasoning: Sub Total Proven and Probable reserve for silver at Eagle East deposit, part of Talon's first independent baseline.

Positive factors

  • Combined Proven and Probable category provides good confidence
  • First independent baseline for Talon Metals

Evidence · table

“4.62”

Context: 1,155

Tags used in scoring

Probable Reservepositive

Indicated Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "probable"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

probableEagle Mine · cobaltTonnes: 1155000Grade: 0.03Grade Unit: %Contained Metal: 0.4Contained Unit: ktView all details
Link to this fact

Identity

Project
Eagle Mine
Commodity
cobalt
Region
michigan
Reported Region
Michigan
Ticker
TLO

Resource scope

Estimate type
reserve
Effective date
2026-02-28T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Bill Bagnell, Brian Thomas, Ibrahim Karajeh, David Jin, Khalid Mounhir, James Smith, Jason Obermeyer, Devin Castendyk, Emilie Williams
Resource group id
resource:7d8ffe38a78a5acde2be
Deposit or zone
Eagle East
Mining method
underground

Resource Data

Category
probable
Tonnes
1155000
Grade
0.03
Grade Unit
%
Contained Metal
0.4
Contained Unit
kt
Cutoff Grade
150.61
Cutoff Unit
US$/t

Prior Estimate

Resource Date
2026-02-28

Review

Needs Review
No
Historical
No

Dates

Event date
2026-04-30T00:00:00.000Z

Reasoning: Sub Total Proven and Probable reserve for cobalt at Eagle East deposit, part of Talon's first independent baseline.

Positive factors

  • Combined Proven and Probable category provides good confidence
  • First independent baseline for Talon Metals

Evidence · table

“0.03”

Context: 1,155

Tags used in scoring

Probable Reservepositive

Indicated Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "probable"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

probableEagle Mine · platinumTonnes: 1155000Grade: 0.33Grade Unit: g/tContained Metal: 12.2Contained Unit: kozView all details
Link to this fact

Identity

Project
Eagle Mine
Commodity
platinum
Region
michigan
Reported Region
Michigan
Ticker
TLO

Resource scope

Estimate type
reserve
Effective date
2026-02-28T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Bill Bagnell, Brian Thomas, Ibrahim Karajeh, David Jin, Khalid Mounhir, James Smith, Jason Obermeyer, Devin Castendyk, Emilie Williams
Resource group id
resource:7d8ffe38a78a5acde2be
Deposit or zone
Eagle East
Mining method
underground

Resource Data

Category
probable
Tonnes
1155000
Grade
0.33
Grade Unit
g/t
Contained Metal
12.2
Contained Unit
koz
Cutoff Grade
150.61
Cutoff Unit
US$/t

Prior Estimate

Resource Date
2026-02-28

Review

Needs Review
No
Historical
No

Dates

Event date
2026-04-30T00:00:00.000Z

Reasoning: Sub Total Proven and Probable reserve for platinum at Eagle East deposit, part of Talon's first independent baseline.

Positive factors

  • Combined Proven and Probable category provides good confidence
  • First independent baseline for Talon Metals

Evidence · table

“0.33”

Context: 1,155

Tags used in scoring

Probable Reservepositive

Indicated Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "probable"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

probableEagle Mine · palladiumTonnes: 1155000Grade: 0.23Grade Unit: g/tContained Metal: 8.36Contained Unit: kozView all details
Link to this fact

Identity

Project
Eagle Mine
Commodity
palladium
Region
michigan
Reported Region
Michigan
Ticker
TLO

Resource scope

Estimate type
reserve
Effective date
2026-02-28T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Bill Bagnell, Brian Thomas, Ibrahim Karajeh, David Jin, Khalid Mounhir, James Smith, Jason Obermeyer, Devin Castendyk, Emilie Williams
Resource group id
resource:7d8ffe38a78a5acde2be
Deposit or zone
Eagle East
Mining method
underground

Resource Data

Category
probable
Tonnes
1155000
Grade
0.23
Grade Unit
g/t
Contained Metal
8.36
Contained Unit
koz
Cutoff Grade
150.61
Cutoff Unit
US$/t

Prior Estimate

Resource Date
2026-02-28

Review

Needs Review
No
Historical
No

Dates

Event date
2026-04-30T00:00:00.000Z

Reasoning: Sub Total Proven and Probable reserve for palladium at Eagle East deposit, part of Talon's first independent baseline.

Positive factors

  • Combined Proven and Probable category provides good confidence
  • First independent baseline for Talon Metals

Evidence · table

“0.23”

Context: 1,155

Tags used in scoring

Probable Reservepositive

Indicated Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "probable"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

probableEagle Mine · nickelTonnes: 2290000Grade: 0.94Grade Unit: %Contained Metal: 21.5Contained Unit: ktView all details
Link to this fact

Identity

Project
Eagle Mine
Commodity
nickel
Region
michigan
Reported Region
Michigan
Ticker
TLO

Resource scope

Estimate type
reserve
Effective date
2026-02-28T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Bill Bagnell, Brian Thomas, Ibrahim Karajeh, David Jin, Khalid Mounhir, James Smith, Jason Obermeyer, Devin Castendyk, Emilie Williams
Resource group id
resource:680db908cfda2f8aff17
Deposit or zone
Keel
Mining method
underground

Resource Data

Category
probable
Tonnes
2290000
Grade
0.94
Grade Unit
%
Contained Metal
21.5
Contained Unit
kt
Cutoff Grade
150.61
Cutoff Unit
US$/t

Prior Estimate

Resource Date
2026-02-28

Review

Needs Review
No
Historical
No

Dates

Event date
2026-04-30T00:00:00.000Z

Reasoning: Sub Total Proven and Probable reserve for nickel at Keel deposit, part of Talon's first independent baseline.

Positive factors

  • Combined Proven and Probable category provides good confidence
  • Largest tonnage and contained metal component
  • First independent baseline for Talon Metals

Evidence · table

“0.94”

Context: 2,290

Tags used in scoring

Probable Reservepositive

Indicated Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "probable"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

probableEagle Mine · copperTonnes: 2290000Grade: 0.68Grade Unit: %Contained Metal: 15.48Contained Unit: ktView all details
Link to this fact

Identity

Project
Eagle Mine
Commodity
copper
Region
michigan
Reported Region
Michigan
Ticker
TLO

Resource scope

Estimate type
reserve
Effective date
2026-02-28T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Bill Bagnell, Brian Thomas, Ibrahim Karajeh, David Jin, Khalid Mounhir, James Smith, Jason Obermeyer, Devin Castendyk, Emilie Williams
Resource group id
resource:680db908cfda2f8aff17
Deposit or zone
Keel
Mining method
underground

Resource Data

Category
probable
Tonnes
2290000
Grade
0.68
Grade Unit
%
Contained Metal
15.48
Contained Unit
kt
Cutoff Grade
150.61
Cutoff Unit
US$/t

Prior Estimate

Resource Date
2026-02-28

Review

Needs Review
No
Historical
No

Dates

Event date
2026-04-30T00:00:00.000Z

Reasoning: Sub Total Proven and Probable reserve for copper at Keel deposit, part of Talon's first independent baseline.

Positive factors

  • Combined Proven and Probable category provides good confidence
  • Significant tonnage and contained metal
  • First independent baseline for Talon Metals

Evidence · table

“0.68”

Context: 2,290

Tags used in scoring

Probable Reservepositive

Indicated Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "probable"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

probableEagle Mine · goldTonnes: 2290000Grade: 0.07Grade Unit: g/tContained Metal: 5.52Contained Unit: kozView all details
Link to this fact

Identity

Project
Eagle Mine
Commodity
gold
Region
michigan
Reported Region
Michigan
Ticker
TLO

Resource scope

Estimate type
reserve
Effective date
2026-02-28T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Bill Bagnell, Brian Thomas, Ibrahim Karajeh, David Jin, Khalid Mounhir, James Smith, Jason Obermeyer, Devin Castendyk, Emilie Williams
Resource group id
resource:680db908cfda2f8aff17
Deposit or zone
Keel
Mining method
underground

Resource Data

Category
probable
Tonnes
2290000
Grade
0.07
Grade Unit
g/t
Contained Metal
5.52
Contained Unit
koz
Cutoff Grade
150.61
Cutoff Unit
US$/t

Prior Estimate

Resource Date
2026-02-28

Review

Needs Review
No
Historical
No

Dates

Event date
2026-04-30T00:00:00.000Z

Reasoning: Sub Total Proven and Probable reserve for gold at Keel deposit, part of Talon's first independent baseline.

Positive factors

  • Combined Proven and Probable category provides good confidence
  • First independent baseline for Talon Metals

Evidence · table

“0.07”

Context: 2,290

Tags used in scoring

Probable Reservepositive

Indicated Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "probable"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

probableEagle Mine · silverTonnes: 2290000Grade: 2.71Grade Unit: g/tContained Metal: 199.4Contained Unit: kozView all details
Link to this fact

Identity

Project
Eagle Mine
Commodity
silver
Region
michigan
Reported Region
Michigan
Ticker
TLO

Resource scope

Estimate type
reserve
Effective date
2026-02-28T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Bill Bagnell, Brian Thomas, Ibrahim Karajeh, David Jin, Khalid Mounhir, James Smith, Jason Obermeyer, Devin Castendyk, Emilie Williams
Resource group id
resource:680db908cfda2f8aff17
Deposit or zone
Keel
Mining method
underground

Resource Data

Category
probable
Tonnes
2290000
Grade
2.71
Grade Unit
g/t
Contained Metal
199.4
Contained Unit
koz
Cutoff Grade
150.61
Cutoff Unit
US$/t

Prior Estimate

Resource Date
2026-02-28

Review

Needs Review
No
Historical
No

Dates

Event date
2026-04-30T00:00:00.000Z

Reasoning: Sub Total Proven and Probable reserve for silver at Keel deposit, part of Talon's first independent baseline.

Positive factors

  • Combined Proven and Probable category provides good confidence
  • First independent baseline for Talon Metals

Evidence · table

“2.71”

Context: 2,290

Tags used in scoring

Probable Reservepositive

Indicated Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "probable"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

probableEagle Mine · cobaltTonnes: 2290000Grade: 0.03Grade Unit: %Contained Metal: 0.59Contained Unit: ktView all details
Link to this fact

Identity

Project
Eagle Mine
Commodity
cobalt
Region
michigan
Reported Region
Michigan
Ticker
TLO

Resource scope

Estimate type
reserve
Effective date
2026-02-28T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Bill Bagnell, Brian Thomas, Ibrahim Karajeh, David Jin, Khalid Mounhir, James Smith, Jason Obermeyer, Devin Castendyk, Emilie Williams
Resource group id
resource:680db908cfda2f8aff17
Deposit or zone
Keel
Mining method
underground

Resource Data

Category
probable
Tonnes
2290000
Grade
0.03
Grade Unit
%
Contained Metal
0.59
Contained Unit
kt
Cutoff Grade
150.61
Cutoff Unit
US$/t

Prior Estimate

Resource Date
2026-02-28

Review

Needs Review
No
Historical
No

Dates

Event date
2026-04-30T00:00:00.000Z

Reasoning: Sub Total Proven and Probable reserve for cobalt at Keel deposit, part of Talon's first independent baseline.

Positive factors

  • Combined Proven and Probable category provides good confidence
  • First independent baseline for Talon Metals

Evidence · table

“0.03”

Context: 2,290

Tags used in scoring

Probable Reservepositive

Indicated Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "probable"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

probableEagle Mine · platinumTonnes: 2290000Grade: 0.17Grade Unit: g/tContained Metal: 12.8Contained Unit: kozView all details
Link to this fact

Identity

Project
Eagle Mine
Commodity
platinum
Region
michigan
Reported Region
Michigan
Ticker
TLO

Resource scope

Estimate type
reserve
Effective date
2026-02-28T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Bill Bagnell, Brian Thomas, Ibrahim Karajeh, David Jin, Khalid Mounhir, James Smith, Jason Obermeyer, Devin Castendyk, Emilie Williams
Resource group id
resource:680db908cfda2f8aff17
Deposit or zone
Keel
Mining method
underground

Resource Data

Category
probable
Tonnes
2290000
Grade
0.17
Grade Unit
g/t
Contained Metal
12.8
Contained Unit
koz
Cutoff Grade
150.61
Cutoff Unit
US$/t

Prior Estimate

Resource Date
2026-02-28

Review

Needs Review
No
Historical
No

Dates

Event date
2026-04-30T00:00:00.000Z

Reasoning: Sub Total Proven and Probable reserve for platinum at Keel deposit, part of Talon's first independent baseline.

Positive factors

  • Combined Proven and Probable category provides good confidence
  • First independent baseline for Talon Metals

Evidence · table

“0.17”

Context: 2,290

Tags used in scoring

Probable Reservepositive

Indicated Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "probable"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

probableEagle Mine · palladiumTonnes: 2290000Grade: 0.12Grade Unit: g/tContained Metal: 8.81Contained Unit: kozView all details
Link to this fact

Identity

Project
Eagle Mine
Commodity
palladium
Region
michigan
Reported Region
Michigan
Ticker
TLO

Resource scope

Estimate type
reserve
Effective date
2026-02-28T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Bill Bagnell, Brian Thomas, Ibrahim Karajeh, David Jin, Khalid Mounhir, James Smith, Jason Obermeyer, Devin Castendyk, Emilie Williams
Resource group id
resource:680db908cfda2f8aff17
Deposit or zone
Keel
Mining method
underground

Resource Data

Category
probable
Tonnes
2290000
Grade
0.12
Grade Unit
g/t
Contained Metal
8.81
Contained Unit
koz
Cutoff Grade
150.61
Cutoff Unit
US$/t

Prior Estimate

Resource Date
2026-02-28

Review

Needs Review
No
Historical
No

Dates

Event date
2026-04-30T00:00:00.000Z

Reasoning: Sub Total Proven and Probable reserve for palladium at Keel deposit, part of Talon's first independent baseline.

Positive factors

  • Combined Proven and Probable category provides good confidence
  • First independent baseline for Talon Metals

Evidence · table

“0.12”

Context: 2,290

Tags used in scoring

Probable Reservepositive

Indicated Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "probable"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

provenEagle Mine · nickelTonnes: 27000Grade: 1.16Grade Unit: %Contained Metal: 0.31Contained Unit: ktView all details
Link to this fact

Identity

Project
Eagle Mine
Commodity
nickel
Region
michigan
Reported Region
Michigan
Ticker
TLO

Resource scope

Estimate type
reserve
Effective date
2026-02-28T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Bill Bagnell, Brian Thomas, Ibrahim Karajeh, David Jin, Khalid Mounhir, James Smith, Jason Obermeyer, Devin Castendyk, Emilie Williams
Resource group id
resource:95c9d120a2cc2ab23927
Deposit or zone
Total
Mining method
underground

Resource Data

Category
proven
Tonnes
27000
Grade
1.16
Grade Unit
%
Contained Metal
0.31
Contained Unit
kt
Cutoff Grade
150.61
Cutoff Unit
US$/t

Prior Estimate

Resource Date
2026-02-28

Review

Needs Review
No
Historical
No

Dates

Event date
2026-04-30T00:00:00.000Z

Reasoning: Total Proven reserve for nickel, part of Talon's first independent baseline.

Positive factors

  • Proven category indicates highest confidence
  • First independent baseline for Talon Metals

Evidence · table

“1.16”

Context: 27

Tags used in scoring

Proven Reservepositive

Measured Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "proven"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

provenEagle Mine · copperTonnes: 27000Grade: 1.36Grade Unit: %Contained Metal: 0.36Contained Unit: ktView all details
Link to this fact

Identity

Project
Eagle Mine
Commodity
copper
Region
michigan
Reported Region
Michigan
Ticker
TLO

Resource scope

Estimate type
reserve
Effective date
2026-02-28T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Bill Bagnell, Brian Thomas, Ibrahim Karajeh, David Jin, Khalid Mounhir, James Smith, Jason Obermeyer, Devin Castendyk, Emilie Williams
Resource group id
resource:95c9d120a2cc2ab23927
Deposit or zone
Total
Mining method
underground

Resource Data

Category
proven
Tonnes
27000
Grade
1.36
Grade Unit
%
Contained Metal
0.36
Contained Unit
kt
Cutoff Grade
150.61
Cutoff Unit
US$/t

Prior Estimate

Resource Date
2026-02-28

Review

Needs Review
No
Historical
No

Dates

Event date
2026-04-30T00:00:00.000Z

Reasoning: Total Proven reserve for copper, part of Talon's first independent baseline.

Positive factors

  • Proven category indicates highest confidence
  • First independent baseline for Talon Metals

Evidence · table

“1.36”

Context: 27

Tags used in scoring

Proven Reservepositive

Measured Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "proven"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

provenEagle Mine · goldTonnes: 27000Grade: 0.18Grade Unit: g/tContained Metal: 0.15Contained Unit: kozView all details
Link to this fact

Identity

Project
Eagle Mine
Commodity
gold
Region
michigan
Reported Region
Michigan
Ticker
TLO

Resource scope

Estimate type
reserve
Effective date
2026-02-28T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Bill Bagnell, Brian Thomas, Ibrahim Karajeh, David Jin, Khalid Mounhir, James Smith, Jason Obermeyer, Devin Castendyk, Emilie Williams
Resource group id
resource:95c9d120a2cc2ab23927
Deposit or zone
Total
Mining method
underground

Resource Data

Category
proven
Tonnes
27000
Grade
0.18
Grade Unit
g/t
Contained Metal
0.15
Contained Unit
koz
Cutoff Grade
150.61
Cutoff Unit
US$/t

Prior Estimate

Resource Date
2026-02-28

Review

Needs Review
No
Historical
No

Dates

Event date
2026-04-30T00:00:00.000Z

Reasoning: Total Proven reserve for gold, part of Talon's first independent baseline.

Positive factors

  • Proven category indicates highest confidence
  • First independent baseline for Talon Metals

Evidence · table

“0.18”

Context: 27

Tags used in scoring

Proven Reservepositive

Measured Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "proven"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

provenEagle Mine · silverTonnes: 27000Grade: 6.94Grade Unit: g/tContained Metal: 5.9Contained Unit: kozView all details
Link to this fact

Identity

Project
Eagle Mine
Commodity
silver
Region
michigan
Reported Region
Michigan
Ticker
TLO

Resource scope

Estimate type
reserve
Effective date
2026-02-28T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Bill Bagnell, Brian Thomas, Ibrahim Karajeh, David Jin, Khalid Mounhir, James Smith, Jason Obermeyer, Devin Castendyk, Emilie Williams
Resource group id
resource:95c9d120a2cc2ab23927
Deposit or zone
Total
Mining method
underground

Resource Data

Category
proven
Tonnes
27000
Grade
6.94
Grade Unit
g/t
Contained Metal
5.9
Contained Unit
koz
Cutoff Grade
150.61
Cutoff Unit
US$/t

Prior Estimate

Resource Date
2026-02-28

Review

Needs Review
No
Historical
No

Dates

Event date
2026-04-30T00:00:00.000Z

Reasoning: Total Proven reserve for silver, part of Talon's first independent baseline.

Positive factors

  • Proven category indicates highest confidence
  • First independent baseline for Talon Metals

Evidence · table

“6.94”

Context: 27

Tags used in scoring

Proven Reservepositive

Measured Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "proven"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

provenEagle Mine · cobaltTonnes: 27000Grade: 0.03Grade Unit: %Contained Metal: 0.01Contained Unit: ktView all details
Link to this fact

Identity

Project
Eagle Mine
Commodity
cobalt
Region
michigan
Reported Region
Michigan
Ticker
TLO

Resource scope

Estimate type
reserve
Effective date
2026-02-28T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Bill Bagnell, Brian Thomas, Ibrahim Karajeh, David Jin, Khalid Mounhir, James Smith, Jason Obermeyer, Devin Castendyk, Emilie Williams
Resource group id
resource:95c9d120a2cc2ab23927
Deposit or zone
Total
Mining method
underground

Resource Data

Category
proven
Tonnes
27000
Grade
0.03
Grade Unit
%
Contained Metal
0.01
Contained Unit
kt
Cutoff Grade
150.61
Cutoff Unit
US$/t

Prior Estimate

Resource Date
2026-02-28

Review

Needs Review
No
Historical
No

Dates

Event date
2026-04-30T00:00:00.000Z

Reasoning: Total Proven reserve for cobalt, part of Talon's first independent baseline.

Positive factors

  • Proven category indicates highest confidence
  • First independent baseline for Talon Metals

Evidence · table

“0.03”

Context: 27

Tags used in scoring

Proven Reservepositive

Measured Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "proven"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

provenEagle Mine · platinumTonnes: 27000Grade: 0.35Grade Unit: g/tContained Metal: 0.3Contained Unit: kozView all details
Link to this fact

Identity

Project
Eagle Mine
Commodity
platinum
Region
michigan
Reported Region
Michigan
Ticker
TLO

Resource scope

Estimate type
reserve
Effective date
2026-02-28T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Bill Bagnell, Brian Thomas, Ibrahim Karajeh, David Jin, Khalid Mounhir, James Smith, Jason Obermeyer, Devin Castendyk, Emilie Williams
Resource group id
resource:95c9d120a2cc2ab23927
Deposit or zone
Total
Mining method
underground

Resource Data

Category
proven
Tonnes
27000
Grade
0.35
Grade Unit
g/t
Contained Metal
0.3
Contained Unit
koz
Cutoff Grade
150.61
Cutoff Unit
US$/t

Prior Estimate

Resource Date
2026-02-28

Review

Needs Review
No
Historical
No

Dates

Event date
2026-04-30T00:00:00.000Z

Reasoning: Total Proven reserve for platinum, part of Talon's first independent baseline.

Positive factors

  • Proven category indicates highest confidence
  • First independent baseline for Talon Metals

Evidence · table

“0.35”

Context: 27

Tags used in scoring

Proven Reservepositive

Measured Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "proven"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

provenEagle Mine · palladiumTonnes: 27000Grade: 0.22Grade Unit: g/tContained Metal: 0.19Contained Unit: kozView all details
Link to this fact

Identity

Project
Eagle Mine
Commodity
palladium
Region
michigan
Reported Region
Michigan
Ticker
TLO

Resource scope

Estimate type
reserve
Effective date
2026-02-28T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Bill Bagnell, Brian Thomas, Ibrahim Karajeh, David Jin, Khalid Mounhir, James Smith, Jason Obermeyer, Devin Castendyk, Emilie Williams
Resource group id
resource:95c9d120a2cc2ab23927
Deposit or zone
Total
Mining method
underground

Resource Data

Category
proven
Tonnes
27000
Grade
0.22
Grade Unit
g/t
Contained Metal
0.19
Contained Unit
koz
Cutoff Grade
150.61
Cutoff Unit
US$/t

Prior Estimate

Resource Date
2026-02-28

Review

Needs Review
No
Historical
No

Dates

Event date
2026-04-30T00:00:00.000Z

Reasoning: Total Proven reserve for palladium, part of Talon's first independent baseline.

Positive factors

  • Proven category indicates highest confidence
  • First independent baseline for Talon Metals

Evidence · table

“0.22”

Context: 27

Tags used in scoring

Proven Reservepositive

Measured Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "proven"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

probableEagle Mine · nickelTonnes: 3459000Grade: 1.06Grade Unit: %Contained Metal: 36.79Contained Unit: ktView all details
Link to this fact

Identity

Project
Eagle Mine
Commodity
nickel
Region
michigan
Reported Region
Michigan
Ticker
TLO

Resource scope

Estimate type
reserve
Effective date
2026-02-28T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Bill Bagnell, Brian Thomas, Ibrahim Karajeh, David Jin, Khalid Mounhir, James Smith, Jason Obermeyer, Devin Castendyk, Emilie Williams
Resource group id
resource:800daf1e3411c83bc470
Deposit or zone
Total
Mining method
underground

Resource Data

Category
probable
Tonnes
3459000
Grade
1.06
Grade Unit
%
Contained Metal
36.79
Contained Unit
kt
Cutoff Grade
150.61
Cutoff Unit
US$/t

Prior Estimate

Resource Date
2026-02-28

Review

Needs Review
No
Historical
No

Dates

Event date
2026-04-30T00:00:00.000Z

Reasoning: Total Probable reserve for nickel, representing a substantial portion of the overall reserve.

Positive factors

  • Significant tonnage in Probable category
  • First independent baseline for Talon Metals

Evidence · table

“1.06”

Context: 3,459

Tags used in scoring

Probable Reservepositive

Indicated Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "probable"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

probableEagle Mine · copperTonnes: 3459000Grade: 0.82Grade Unit: %Contained Metal: 28.25Contained Unit: ktView all details
Link to this fact

Identity

Project
Eagle Mine
Commodity
copper
Region
michigan
Reported Region
Michigan
Ticker
TLO

Resource scope

Estimate type
reserve
Effective date
2026-02-28T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Bill Bagnell, Brian Thomas, Ibrahim Karajeh, David Jin, Khalid Mounhir, James Smith, Jason Obermeyer, Devin Castendyk, Emilie Williams
Resource group id
resource:800daf1e3411c83bc470
Deposit or zone
Total
Mining method
underground

Resource Data

Category
probable
Tonnes
3459000
Grade
0.82
Grade Unit
%
Contained Metal
28.25
Contained Unit
kt
Cutoff Grade
150.61
Cutoff Unit
US$/t

Prior Estimate

Resource Date
2026-02-28

Review

Needs Review
No
Historical
No

Dates

Event date
2026-04-30T00:00:00.000Z

Reasoning: Total Probable reserve for copper, representing a substantial portion of the overall reserve.

Positive factors

  • Significant tonnage in Probable category
  • First independent baseline for Talon Metals

Evidence · table

“0.82”

Context: 3,459

Tags used in scoring

Probable Reservepositive

Indicated Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "probable"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

probableEagle Mine · goldTonnes: 3459000Grade: 0.09Grade Unit: g/tContained Metal: 10.57Contained Unit: kozView all details
Link to this fact

Identity

Project
Eagle Mine
Commodity
gold
Region
michigan
Reported Region
Michigan
Ticker
TLO

Resource scope

Estimate type
reserve
Effective date
2026-02-28T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Bill Bagnell, Brian Thomas, Ibrahim Karajeh, David Jin, Khalid Mounhir, James Smith, Jason Obermeyer, Devin Castendyk, Emilie Williams
Resource group id
resource:800daf1e3411c83bc470
Deposit or zone
Total
Mining method
underground

Resource Data

Category
probable
Tonnes
3459000
Grade
0.09
Grade Unit
g/t
Contained Metal
10.57
Contained Unit
koz
Cutoff Grade
150.61
Cutoff Unit
US$/t

Prior Estimate

Resource Date
2026-02-28

Review

Needs Review
No
Historical
No

Dates

Event date
2026-04-30T00:00:00.000Z

Reasoning: Total Probable reserve for gold, representing a substantial portion of the overall reserve.

Positive factors

  • Significant tonnage in Probable category
  • First independent baseline for Talon Metals

Evidence · table

“0.09”

Context: 3,459

Tags used in scoring

Probable Reservepositive

Indicated Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "probable"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

probableEagle Mine · silverTonnes: 3459000Grade: 3.36Grade Unit: g/tContained Metal: 373.6Contained Unit: kozView all details
Link to this fact

Identity

Project
Eagle Mine
Commodity
silver
Region
michigan
Reported Region
Michigan
Ticker
TLO

Resource scope

Estimate type
reserve
Effective date
2026-02-28T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Bill Bagnell, Brian Thomas, Ibrahim Karajeh, David Jin, Khalid Mounhir, James Smith, Jason Obermeyer, Devin Castendyk, Emilie Williams
Resource group id
resource:800daf1e3411c83bc470
Deposit or zone
Total
Mining method
underground

Resource Data

Category
probable
Tonnes
3459000
Grade
3.36
Grade Unit
g/t
Contained Metal
373.6
Contained Unit
koz
Cutoff Grade
150.61
Cutoff Unit
US$/t

Prior Estimate

Resource Date
2026-02-28

Review

Needs Review
No
Historical
No

Dates

Event date
2026-04-30T00:00:00.000Z

Reasoning: Total Probable reserve for silver, representing a substantial portion of the overall reserve.

Positive factors

  • Significant tonnage in Probable category
  • First independent baseline for Talon Metals

Evidence · table

“3.36”

Context: 3,459

Tags used in scoring

Probable Reservepositive

Indicated Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "probable"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

probableEagle Mine · cobaltTonnes: 3459000Grade: 0.03Grade Unit: %Contained Metal: 0.99Contained Unit: ktView all details
Link to this fact

Identity

Project
Eagle Mine
Commodity
cobalt
Region
michigan
Reported Region
Michigan
Ticker
TLO

Resource scope

Estimate type
reserve
Effective date
2026-02-28T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Bill Bagnell, Brian Thomas, Ibrahim Karajeh, David Jin, Khalid Mounhir, James Smith, Jason Obermeyer, Devin Castendyk, Emilie Williams
Resource group id
resource:800daf1e3411c83bc470
Deposit or zone
Total
Mining method
underground

Resource Data

Category
probable
Tonnes
3459000
Grade
0.03
Grade Unit
%
Contained Metal
0.99
Contained Unit
kt
Cutoff Grade
150.61
Cutoff Unit
US$/t

Prior Estimate

Resource Date
2026-02-28

Review

Needs Review
No
Historical
No

Dates

Event date
2026-04-30T00:00:00.000Z

Reasoning: Total Probable reserve for cobalt, representing a substantial portion of the overall reserve.

Positive factors

  • Significant tonnage in Probable category
  • First independent baseline for Talon Metals

Evidence · table

“0.03”

Context: 3,459

Tags used in scoring

Probable Reservepositive

Indicated Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "probable"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

probableEagle Mine · platinumTonnes: 3459000Grade: 0.23Grade Unit: g/tContained Metal: 25.2Contained Unit: kozView all details
Link to this fact

Identity

Project
Eagle Mine
Commodity
platinum
Region
michigan
Reported Region
Michigan
Ticker
TLO

Resource scope

Estimate type
reserve
Effective date
2026-02-28T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Bill Bagnell, Brian Thomas, Ibrahim Karajeh, David Jin, Khalid Mounhir, James Smith, Jason Obermeyer, Devin Castendyk, Emilie Williams
Resource group id
resource:800daf1e3411c83bc470
Deposit or zone
Total
Mining method
underground

Resource Data

Category
probable
Tonnes
3459000
Grade
0.23
Grade Unit
g/t
Contained Metal
25.2
Contained Unit
koz
Cutoff Grade
150.61
Cutoff Unit
US$/t

Prior Estimate

Resource Date
2026-02-28

Review

Needs Review
No
Historical
No

Dates

Event date
2026-04-30T00:00:00.000Z

Reasoning: Total Probable reserve for platinum, representing a substantial portion of the overall reserve.

Positive factors

  • Significant tonnage in Probable category
  • First independent baseline for Talon Metals

Evidence · table

“0.23”

Context: 3,459

Tags used in scoring

Probable Reservepositive

Indicated Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "probable"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

probableEagle Mine · palladiumTonnes: 3459000Grade: 0.16Grade Unit: g/tContained Metal: 17.3Contained Unit: kozView all details
Link to this fact

Identity

Project
Eagle Mine
Commodity
palladium
Region
michigan
Reported Region
Michigan
Ticker
TLO

Resource scope

Estimate type
reserve
Effective date
2026-02-28T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Bill Bagnell, Brian Thomas, Ibrahim Karajeh, David Jin, Khalid Mounhir, James Smith, Jason Obermeyer, Devin Castendyk, Emilie Williams
Resource group id
resource:800daf1e3411c83bc470
Deposit or zone
Total
Mining method
underground

Resource Data

Category
probable
Tonnes
3459000
Grade
0.16
Grade Unit
g/t
Contained Metal
17.3
Contained Unit
koz
Cutoff Grade
150.61
Cutoff Unit
US$/t

Prior Estimate

Resource Date
2026-02-28

Review

Needs Review
No
Historical
No

Dates

Event date
2026-04-30T00:00:00.000Z

Reasoning: Total Probable reserve for palladium, representing a substantial portion of the overall reserve.

Positive factors

  • Significant tonnage in Probable category
  • First independent baseline for Talon Metals

Evidence · table

“0.16”

Context: 3,459

Tags used in scoring

Probable Reservepositive

Indicated Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "probable"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

provenEagle Mine · nickelTonnes: 3486000Grade: 1.06Grade Unit: %Contained Metal: 37.1Contained Unit: ktView all details
Link to this fact

Identity

Project
Eagle Mine
Commodity
nickel
Region
michigan
Reported Region
Michigan
Ticker
TLO

Resource scope

Estimate type
reserve
Effective date
2026-02-28T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Bill Bagnell, Brian Thomas, Ibrahim Karajeh, David Jin, Khalid Mounhir, James Smith, Jason Obermeyer, Devin Castendyk, Emilie Williams
Resource group id
resource:4382b2f04fb87c6ec77a
Deposit or zone
Total
Mining method
underground

Resource Data

Category
proven
Tonnes
3486000
Grade
1.06
Grade Unit
%
Contained Metal
37.1
Contained Unit
kt
Cutoff Grade
150.61
Cutoff Unit
US$/t

Prior Estimate

Resource Date
2026-02-28

Review

Needs Review
No
Historical
No

Dates

Event date
2026-04-30T00:00:00.000Z

Reasoning: Total Proven and Probable reserve for nickel, representing the overall economic viability of the project.

Positive factors

  • High confidence in total Proven and Probable reserves
  • First independent baseline for Talon Metals

Evidence · table

“1.06”

Context: 3,486

Tags used in scoring

Proven Reservepositive

Measured Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "proven"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

provenEagle Mine · copperTonnes: 3486000Grade: 0.82Grade Unit: %Contained Metal: 28.61Contained Unit: ktView all details
Link to this fact

Identity

Project
Eagle Mine
Commodity
copper
Region
michigan
Reported Region
Michigan
Ticker
TLO

Resource scope

Estimate type
reserve
Effective date
2026-02-28T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Bill Bagnell, Brian Thomas, Ibrahim Karajeh, David Jin, Khalid Mounhir, James Smith, Jason Obermeyer, Devin Castendyk, Emilie Williams
Resource group id
resource:4382b2f04fb87c6ec77a
Deposit or zone
Total
Mining method
underground

Resource Data

Category
proven
Tonnes
3486000
Grade
0.82
Grade Unit
%
Contained Metal
28.61
Contained Unit
kt
Cutoff Grade
150.61
Cutoff Unit
US$/t

Prior Estimate

Resource Date
2026-02-28

Review

Needs Review
No
Historical
No

Dates

Event date
2026-04-30T00:00:00.000Z

Reasoning: Total Proven and Probable reserve for copper, representing the overall economic viability of the project.

Positive factors

  • High confidence in total Proven and Probable reserves
  • First independent baseline for Talon Metals

Evidence · table

“0.82”

Context: 3,486

Tags used in scoring

Proven Reservepositive

Measured Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "proven"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

measuredEagle Mine · nickelTonnes: 39000Grade: 1.21Grade Unit: %View all details
Link to this fact

Identity

Project
Eagle Mine
Commodity
nickel
Region
michigan
Reported Region
Michigan
Ticker
TLO

Resource scope

Estimate type
resource
Effective date
2026-02-28T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Brian Thomas
Resource group id
resource:dd66a70e597c7036416b
Mining method
underground

Resource Data

Category
measured
Tonnes
39000
Grade
1.21
Grade Unit
%
Cutoff Grade
150.61
Cutoff Unit
US$/t

Prior Estimate

Resource Date
2026-02-28

Review

Needs Review
No
Historical
No

Dates

Event date
2026-04-30T00:00:00.000Z

Reasoning: Measured resource for nickel at Eagle deposit, part of Talon's first independent baseline. (Expanded from multi-commodity resource table for completeness.)

Positive factors

  • Measured category indicates high confidence
  • First independent baseline for Talon Metals

Evidence · table

“1.21”

Context: 39

Tags used in scoring

Measured Resourcepositive

Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.

Why it applies: category is "measured"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

measuredEagle Mine · copperTonnes: 39000Grade: 1.4Grade Unit: %View all details
Link to this fact

Identity

Project
Eagle Mine
Commodity
copper
Region
michigan
Reported Region
Michigan
Ticker
TLO

Resource scope

Estimate type
resource
Effective date
2026-02-28T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Brian Thomas
Resource group id
resource:dd66a70e597c7036416b
Mining method
underground

Resource Data

Category
measured
Tonnes
39000
Grade
1.4
Grade Unit
%
Cutoff Grade
150.61
Cutoff Unit
US$/t

Prior Estimate

Resource Date
2026-02-28

Review

Needs Review
No
Historical
No

Dates

Event date
2026-04-30T00:00:00.000Z

Reasoning: Measured resource for nickel at Eagle deposit, part of Talon's first independent baseline. (Expanded from multi-commodity resource table for completeness.)

Positive factors

  • Measured category indicates high confidence
  • First independent baseline for Talon Metals

Evidence · table

“1.40”

Context: 39

Tags used in scoring

Measured Resourcepositive

Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.

Why it applies: category is "measured"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

measuredEagle Mine · cobaltTonnes: 39000Grade: 0.03Grade Unit: %View all details
Link to this fact

Identity

Project
Eagle Mine
Commodity
cobalt
Region
michigan
Reported Region
Michigan
Ticker
TLO

Resource scope

Estimate type
resource
Effective date
2026-02-28T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Brian Thomas
Resource group id
resource:dd66a70e597c7036416b
Mining method
underground

Resource Data

Category
measured
Tonnes
39000
Grade
0.03
Grade Unit
%
Cutoff Grade
150.61
Cutoff Unit
US$/t

Prior Estimate

Resource Date
2026-02-28

Review

Needs Review
No
Historical
No

Dates

Event date
2026-04-30T00:00:00.000Z

Reasoning: Measured resource for nickel at Eagle deposit, part of Talon's first independent baseline. (Expanded from multi-commodity resource table for completeness.)

Positive factors

  • Measured category indicates high confidence
  • First independent baseline for Talon Metals

Evidence · table

“0.03”

Context: 39

Tags used in scoring

Measured Resourcepositive

Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.

Why it applies: category is "measured"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

measuredEagle Mine · goldTonnes: 39000Grade: 0.2Grade Unit: g/tView all details
Link to this fact

Identity

Project
Eagle Mine
Commodity
gold
Region
michigan
Reported Region
Michigan
Ticker
TLO

Resource scope

Estimate type
resource
Effective date
2026-02-28T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Brian Thomas
Resource group id
resource:dd66a70e597c7036416b
Mining method
underground

Resource Data

Category
measured
Tonnes
39000
Grade
0.2
Grade Unit
g/t
Cutoff Grade
150.61
Cutoff Unit
US$/t

Prior Estimate

Resource Date
2026-02-28

Review

Needs Review
No
Historical
No

Dates

Event date
2026-04-30T00:00:00.000Z

Reasoning: Measured resource for nickel at Eagle deposit, part of Talon's first independent baseline. (Expanded from multi-commodity resource table for completeness.)

Positive factors

  • Measured category indicates high confidence
  • First independent baseline for Talon Metals

Evidence · table

“0.20”

Context: 39

Tags used in scoring

Measured Resourcepositive

Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.

Why it applies: category is "measured"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

measuredEagle Mine · silverTonnes: 39000Grade: 7.35Grade Unit: g/tView all details
Link to this fact

Identity

Project
Eagle Mine
Commodity
silver
Region
michigan
Reported Region
Michigan
Ticker
TLO

Resource scope

Estimate type
resource
Effective date
2026-02-28T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Brian Thomas
Resource group id
resource:dd66a70e597c7036416b
Mining method
underground

Resource Data

Category
measured
Tonnes
39000
Grade
7.35
Grade Unit
g/t
Cutoff Grade
150.61
Cutoff Unit
US$/t

Prior Estimate

Resource Date
2026-02-28

Review

Needs Review
No
Historical
No

Dates

Event date
2026-04-30T00:00:00.000Z

Reasoning: Measured resource for nickel at Eagle deposit, part of Talon's first independent baseline. (Expanded from multi-commodity resource table for completeness.)

Positive factors

  • Measured category indicates high confidence
  • First independent baseline for Talon Metals

Evidence · table

“7.35”

Context: 39

Tags used in scoring

Measured Resourcepositive

Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.

Why it applies: category is "measured"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

measuredEagle Mine · platinumTonnes: 39000Grade: 0.38Grade Unit: g/tView all details
Link to this fact

Identity

Project
Eagle Mine
Commodity
platinum
Region
michigan
Reported Region
Michigan
Ticker
TLO

Resource scope

Estimate type
resource
Effective date
2026-02-28T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Brian Thomas
Resource group id
resource:dd66a70e597c7036416b
Mining method
underground

Resource Data

Category
measured
Tonnes
39000
Grade
0.38
Grade Unit
g/t
Cutoff Grade
150.61
Cutoff Unit
US$/t

Prior Estimate

Resource Date
2026-02-28

Review

Needs Review
No
Historical
No

Dates

Event date
2026-04-30T00:00:00.000Z

Reasoning: Measured resource for nickel at Eagle deposit, part of Talon's first independent baseline. (Expanded from multi-commodity resource table for completeness.)

Positive factors

  • Measured category indicates high confidence
  • First independent baseline for Talon Metals

Evidence · table

“0.38”

Context: 39

Tags used in scoring

Measured Resourcepositive

Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.

Why it applies: category is "measured"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

measuredEagle Mine · palladiumTonnes: 39000Grade: 0.24Grade Unit: g/tView all details
Link to this fact

Identity

Project
Eagle Mine
Commodity
palladium
Region
michigan
Reported Region
Michigan
Ticker
TLO

Resource scope

Estimate type
resource
Effective date
2026-02-28T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Brian Thomas
Resource group id
resource:dd66a70e597c7036416b
Mining method
underground

Resource Data

Category
measured
Tonnes
39000
Grade
0.24
Grade Unit
g/t
Cutoff Grade
150.61
Cutoff Unit
US$/t

Prior Estimate

Resource Date
2026-02-28

Review

Needs Review
No
Historical
No

Dates

Event date
2026-04-30T00:00:00.000Z

Reasoning: Measured resource for nickel at Eagle deposit, part of Talon's first independent baseline. (Expanded from multi-commodity resource table for completeness.)

Positive factors

  • Measured category indicates high confidence
  • First independent baseline for Talon Metals

Evidence · table

“0.24”

Context: 39

Tags used in scoring

Measured Resourcepositive

Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.

Why it applies: category is "measured"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

indicatedEagle Mine · nickelTonnes: 3260000Grade: 1.28Grade Unit: %View all details
Link to this fact

Identity

Project
Eagle Mine
Commodity
nickel
Region
michigan
Reported Region
Michigan
Ticker
TLO

Resource scope

Estimate type
resource
Effective date
2026-02-28T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Brian Thomas
Resource group id
resource:222acce5786e91c7198c
Mining method
underground

Resource Data

Category
indicated
Tonnes
3260000
Grade
1.28
Grade Unit
%
Cutoff Grade
150.61
Cutoff Unit
US$/t

Prior Estimate

Resource Date
2026-02-28

Review

Needs Review
No
Historical
No

Dates

Event date
2026-04-30T00:00:00.000Z

Reasoning: Total Indicated resource for nickel, representing a substantial portion of the overall resource. (Expanded from multi-commodity resource table for completeness.)

Positive factors

  • Significant tonnage in Indicated category
  • First independent baseline for Talon Metals

Evidence · table

“1.28”

Context: 3,260

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

indicatedEagle Mine · copperTonnes: 3260000Grade: 0.97Grade Unit: %View all details
Link to this fact

Identity

Project
Eagle Mine
Commodity
copper
Region
michigan
Reported Region
Michigan
Ticker
TLO

Resource scope

Estimate type
resource
Effective date
2026-02-28T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Brian Thomas
Resource group id
resource:222acce5786e91c7198c
Mining method
underground

Resource Data

Category
indicated
Tonnes
3260000
Grade
0.97
Grade Unit
%
Cutoff Grade
150.61
Cutoff Unit
US$/t

Prior Estimate

Resource Date
2026-02-28

Review

Needs Review
No
Historical
No

Dates

Event date
2026-04-30T00:00:00.000Z

Reasoning: Total Indicated resource for nickel, representing a substantial portion of the overall resource. (Expanded from multi-commodity resource table for completeness.)

Positive factors

  • Significant tonnage in Indicated category
  • First independent baseline for Talon Metals

Evidence · table

“0.97”

Context: 3,260

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

indicatedEagle Mine · cobaltTonnes: 3260000Grade: 0.03Grade Unit: %View all details
Link to this fact

Identity

Project
Eagle Mine
Commodity
cobalt
Region
michigan
Reported Region
Michigan
Ticker
TLO

Resource scope

Estimate type
resource
Effective date
2026-02-28T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Brian Thomas
Resource group id
resource:222acce5786e91c7198c
Mining method
underground

Resource Data

Category
indicated
Tonnes
3260000
Grade
0.03
Grade Unit
%
Cutoff Grade
150.61
Cutoff Unit
US$/t

Prior Estimate

Resource Date
2026-02-28

Review

Needs Review
No
Historical
No

Dates

Event date
2026-04-30T00:00:00.000Z

Reasoning: Total Indicated resource for nickel, representing a substantial portion of the overall resource. (Expanded from multi-commodity resource table for completeness.)

Positive factors

  • Significant tonnage in Indicated category
  • First independent baseline for Talon Metals

Evidence · table

“0.03”

Context: 3,260

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

indicatedEagle Mine · goldTonnes: 3260000Grade: 0.11Grade Unit: g/tView all details
Link to this fact

Identity

Project
Eagle Mine
Commodity
gold
Region
michigan
Reported Region
Michigan
Ticker
TLO

Resource scope

Estimate type
resource
Effective date
2026-02-28T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Brian Thomas
Resource group id
resource:222acce5786e91c7198c
Mining method
underground

Resource Data

Category
indicated
Tonnes
3260000
Grade
0.11
Grade Unit
g/t
Cutoff Grade
150.61
Cutoff Unit
US$/t

Prior Estimate

Resource Date
2026-02-28

Review

Needs Review
No
Historical
No

Dates

Event date
2026-04-30T00:00:00.000Z

Reasoning: Total Indicated resource for nickel, representing a substantial portion of the overall resource. (Expanded from multi-commodity resource table for completeness.)

Positive factors

  • Significant tonnage in Indicated category
  • First independent baseline for Talon Metals

Evidence · table

“0.11”

Context: 3,260

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

indicatedEagle Mine · silverTonnes: 3260000Grade: 3.98Grade Unit: g/tView all details
Link to this fact

Identity

Project
Eagle Mine
Commodity
silver
Region
michigan
Reported Region
Michigan
Ticker
TLO

Resource scope

Estimate type
resource
Effective date
2026-02-28T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Brian Thomas
Resource group id
resource:222acce5786e91c7198c
Mining method
underground

Resource Data

Category
indicated
Tonnes
3260000
Grade
3.98
Grade Unit
g/t
Cutoff Grade
150.61
Cutoff Unit
US$/t

Prior Estimate

Resource Date
2026-02-28

Review

Needs Review
No
Historical
No

Dates

Event date
2026-04-30T00:00:00.000Z

Reasoning: Total Indicated resource for nickel, representing a substantial portion of the overall resource. (Expanded from multi-commodity resource table for completeness.)

Positive factors

  • Significant tonnage in Indicated category
  • First independent baseline for Talon Metals

Evidence · table

“3.98”

Context: 3,260

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

indicatedEagle Mine · platinumTonnes: 3260000Grade: 0.27Grade Unit: g/tView all details
Link to this fact

Identity

Project
Eagle Mine
Commodity
platinum
Region
michigan
Reported Region
Michigan
Ticker
TLO

Resource scope

Estimate type
resource
Effective date
2026-02-28T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Brian Thomas
Resource group id
resource:222acce5786e91c7198c
Mining method
underground

Resource Data

Category
indicated
Tonnes
3260000
Grade
0.27
Grade Unit
g/t
Cutoff Grade
150.61
Cutoff Unit
US$/t

Prior Estimate

Resource Date
2026-02-28

Review

Needs Review
No
Historical
No

Dates

Event date
2026-04-30T00:00:00.000Z

Reasoning: Total Indicated resource for nickel, representing a substantial portion of the overall resource. (Expanded from multi-commodity resource table for completeness.)

Positive factors

  • Significant tonnage in Indicated category
  • First independent baseline for Talon Metals

Evidence · table

“0.27”

Context: 3,260

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

indicatedEagle Mine · palladiumTonnes: 3260000Grade: 0.18Grade Unit: g/tView all details
Link to this fact

Identity

Project
Eagle Mine
Commodity
palladium
Region
michigan
Reported Region
Michigan
Ticker
TLO

Resource scope

Estimate type
resource
Effective date
2026-02-28T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Brian Thomas
Resource group id
resource:222acce5786e91c7198c
Mining method
underground

Resource Data

Category
indicated
Tonnes
3260000
Grade
0.18
Grade Unit
g/t
Cutoff Grade
150.61
Cutoff Unit
US$/t

Prior Estimate

Resource Date
2026-02-28

Review

Needs Review
No
Historical
No

Dates

Event date
2026-04-30T00:00:00.000Z

Reasoning: Total Indicated resource for nickel, representing a substantial portion of the overall resource. (Expanded from multi-commodity resource table for completeness.)

Positive factors

  • Significant tonnage in Indicated category
  • First independent baseline for Talon Metals

Evidence · table

“0.18”

Context: 3,260

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

indicatedEagle Mine · nickelTonnes: 3299000Grade: 1.28Grade Unit: %View all details
Link to this fact

Identity

Project
Eagle Mine
Commodity
nickel
Region
michigan
Reported Region
Michigan
Ticker
TLO

Resource scope

Estimate type
resource
Effective date
2026-02-28T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Brian Thomas
Resource group id
resource:d357e8bc02f2824e42ac
Mining method
underground

Resource Data

Category
indicated
Tonnes
3299000
Grade
1.28
Grade Unit
%
Cutoff Grade
150.61
Cutoff Unit
US$/t

Prior Estimate

Resource Date
2026-02-28

Review

Needs Review
No
Historical
No

Dates

Event date
2026-04-30T00:00:00.000Z

Reasoning: Total Measured and Indicated resource for nickel, representing a high confidence level for the project. (Expanded from multi-commodity resource table for completeness.)

Positive factors

  • High Measured and Indicated percentage (96.15%)
  • Significant total M&I tonnage
  • First independent baseline for Talon Metals

Evidence · table

“1.28”

Context: 3,299

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

indicatedEagle Mine · copperTonnes: 3299000Grade: 0.97Grade Unit: %View all details
Link to this fact

Identity

Project
Eagle Mine
Commodity
copper
Region
michigan
Reported Region
Michigan
Ticker
TLO

Resource scope

Estimate type
resource
Effective date
2026-02-28T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Brian Thomas
Resource group id
resource:d357e8bc02f2824e42ac
Mining method
underground

Resource Data

Category
indicated
Tonnes
3299000
Grade
0.97
Grade Unit
%
Cutoff Grade
150.61
Cutoff Unit
US$/t

Prior Estimate

Resource Date
2026-02-28

Review

Needs Review
No
Historical
No

Dates

Event date
2026-04-30T00:00:00.000Z

Reasoning: Total Measured and Indicated resource for nickel, representing a high confidence level for the project. (Expanded from multi-commodity resource table for completeness.)

Positive factors

  • High Measured and Indicated percentage (96.15%)
  • Significant total M&I tonnage
  • First independent baseline for Talon Metals

Evidence · table

“0.97”

Context: 3,299

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

indicatedEagle Mine · cobaltTonnes: 3299000Grade: 0.03Grade Unit: %View all details
Link to this fact

Identity

Project
Eagle Mine
Commodity
cobalt
Region
michigan
Reported Region
Michigan
Ticker
TLO

Resource scope

Estimate type
resource
Effective date
2026-02-28T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Brian Thomas
Resource group id
resource:d357e8bc02f2824e42ac
Mining method
underground

Resource Data

Category
indicated
Tonnes
3299000
Grade
0.03
Grade Unit
%
Cutoff Grade
150.61
Cutoff Unit
US$/t

Prior Estimate

Resource Date
2026-02-28

Review

Needs Review
No
Historical
No

Dates

Event date
2026-04-30T00:00:00.000Z

Reasoning: Total Measured and Indicated resource for nickel, representing a high confidence level for the project. (Expanded from multi-commodity resource table for completeness.)

Positive factors

  • High Measured and Indicated percentage (96.15%)
  • Significant total M&I tonnage
  • First independent baseline for Talon Metals

Evidence · table

“0.03”

Context: 3,299

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

indicatedEagle Mine · goldTonnes: 3299000Grade: 0.11Grade Unit: g/tView all details
Link to this fact

Identity

Project
Eagle Mine
Commodity
gold
Region
michigan
Reported Region
Michigan
Ticker
TLO

Resource scope

Estimate type
resource
Effective date
2026-02-28T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Brian Thomas
Resource group id
resource:d357e8bc02f2824e42ac
Mining method
underground

Resource Data

Category
indicated
Tonnes
3299000
Grade
0.11
Grade Unit
g/t
Cutoff Grade
150.61
Cutoff Unit
US$/t

Prior Estimate

Resource Date
2026-02-28

Review

Needs Review
No
Historical
No

Dates

Event date
2026-04-30T00:00:00.000Z

Reasoning: Total Measured and Indicated resource for nickel, representing a high confidence level for the project. (Expanded from multi-commodity resource table for completeness.)

Positive factors

  • High Measured and Indicated percentage (96.15%)
  • Significant total M&I tonnage
  • First independent baseline for Talon Metals

Evidence · table

“0.11”

Context: 3,299

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

indicatedEagle Mine · silverTonnes: 3299000Grade: 4.02Grade Unit: g/tView all details
Link to this fact

Identity

Project
Eagle Mine
Commodity
silver
Region
michigan
Reported Region
Michigan
Ticker
TLO

Resource scope

Estimate type
resource
Effective date
2026-02-28T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Brian Thomas
Resource group id
resource:d357e8bc02f2824e42ac
Mining method
underground

Resource Data

Category
indicated
Tonnes
3299000
Grade
4.02
Grade Unit
g/t
Cutoff Grade
150.61
Cutoff Unit
US$/t

Prior Estimate

Resource Date
2026-02-28

Review

Needs Review
No
Historical
No

Dates

Event date
2026-04-30T00:00:00.000Z

Reasoning: Total Measured and Indicated resource for nickel, representing a high confidence level for the project. (Expanded from multi-commodity resource table for completeness.)

Positive factors

  • High Measured and Indicated percentage (96.15%)
  • Significant total M&I tonnage
  • First independent baseline for Talon Metals

Evidence · table

“4.02”

Context: 3,299

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

indicatedEagle Mine · platinumTonnes: 3299000Grade: 0.27Grade Unit: g/tView all details
Link to this fact

Identity

Project
Eagle Mine
Commodity
platinum
Region
michigan
Reported Region
Michigan
Ticker
TLO

Resource scope

Estimate type
resource
Effective date
2026-02-28T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Brian Thomas
Resource group id
resource:d357e8bc02f2824e42ac
Mining method
underground

Resource Data

Category
indicated
Tonnes
3299000
Grade
0.27
Grade Unit
g/t
Cutoff Grade
150.61
Cutoff Unit
US$/t

Prior Estimate

Resource Date
2026-02-28

Review

Needs Review
No
Historical
No

Dates

Event date
2026-04-30T00:00:00.000Z

Reasoning: Total Measured and Indicated resource for nickel, representing a high confidence level for the project. (Expanded from multi-commodity resource table for completeness.)

Positive factors

  • High Measured and Indicated percentage (96.15%)
  • Significant total M&I tonnage
  • First independent baseline for Talon Metals

Evidence · table

“0.27”

Context: 3,299

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

indicatedEagle Mine · palladiumTonnes: 3299000Grade: 0.19Grade Unit: g/tView all details
Link to this fact

Identity

Project
Eagle Mine
Commodity
palladium
Region
michigan
Reported Region
Michigan
Ticker
TLO

Resource scope

Estimate type
resource
Effective date
2026-02-28T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Brian Thomas
Resource group id
resource:d357e8bc02f2824e42ac
Mining method
underground

Resource Data

Category
indicated
Tonnes
3299000
Grade
0.19
Grade Unit
g/t
Cutoff Grade
150.61
Cutoff Unit
US$/t

Prior Estimate

Resource Date
2026-02-28

Review

Needs Review
No
Historical
No

Dates

Event date
2026-04-30T00:00:00.000Z

Reasoning: Total Measured and Indicated resource for nickel, representing a high confidence level for the project. (Expanded from multi-commodity resource table for completeness.)

Positive factors

  • High Measured and Indicated percentage (96.15%)
  • Significant total M&I tonnage
  • First independent baseline for Talon Metals

Evidence · table

“0.19”

Context: 3,299

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

inferredEagle Mine · nickelTonnes: 132000Grade: 0.93Grade Unit: %View all details
Link to this fact

Identity

Project
Eagle Mine
Commodity
nickel
Region
michigan
Reported Region
Michigan
Ticker
TLO

Resource scope

Estimate type
resource
Effective date
2026-02-28T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Brian Thomas
Resource group id
resource:9a7a7e06365c6918009c
Mining method
underground

Resource Data

Category
inferred
Tonnes
132000
Grade
0.93
Grade Unit
%
Cutoff Grade
150.61
Cutoff Unit
US$/t

Prior Estimate

Resource Date
2026-02-28

Review

Needs Review
No
Historical
No

Dates

Event date
2026-04-30T00:00:00.000Z

Reasoning: Total Inferred resource for nickel, part of Talon's first independent baseline. (Expanded from multi-commodity resource table for completeness.)

Positive factors

  • First independent baseline for Talon Metals

Negative factors

  • Inferred category indicates lower confidence

Evidence · table

“0.93”

Context: 132

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

inferredEagle Mine · copperTonnes: 132000Grade: 0.71Grade Unit: %View all details
Link to this fact

Identity

Project
Eagle Mine
Commodity
copper
Region
michigan
Reported Region
Michigan
Ticker
TLO

Resource scope

Estimate type
resource
Effective date
2026-02-28T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Brian Thomas
Resource group id
resource:9a7a7e06365c6918009c
Mining method
underground

Resource Data

Category
inferred
Tonnes
132000
Grade
0.71
Grade Unit
%
Cutoff Grade
150.61
Cutoff Unit
US$/t

Prior Estimate

Resource Date
2026-02-28

Review

Needs Review
No
Historical
No

Dates

Event date
2026-04-30T00:00:00.000Z

Reasoning: Total Inferred resource for nickel, part of Talon's first independent baseline. (Expanded from multi-commodity resource table for completeness.)

Positive factors

  • First independent baseline for Talon Metals

Negative factors

  • Inferred category indicates lower confidence

Evidence · table

“0.71”

Context: 132

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

inferredEagle Mine · cobaltTonnes: 132000Grade: 0.03Grade Unit: %View all details
Link to this fact

Identity

Project
Eagle Mine
Commodity
cobalt
Region
michigan
Reported Region
Michigan
Ticker
TLO

Resource scope

Estimate type
resource
Effective date
2026-02-28T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Brian Thomas
Resource group id
resource:9a7a7e06365c6918009c
Mining method
underground

Resource Data

Category
inferred
Tonnes
132000
Grade
0.03
Grade Unit
%
Cutoff Grade
150.61
Cutoff Unit
US$/t

Prior Estimate

Resource Date
2026-02-28

Review

Needs Review
No
Historical
No

Dates

Event date
2026-04-30T00:00:00.000Z

Reasoning: Total Inferred resource for nickel, part of Talon's first independent baseline. (Expanded from multi-commodity resource table for completeness.)

Positive factors

  • First independent baseline for Talon Metals

Negative factors

  • Inferred category indicates lower confidence

Evidence · table

“0.03”

Context: 132

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

inferredEagle Mine · goldTonnes: 132000Grade: 0.07Grade Unit: g/tView all details
Link to this fact

Identity

Project
Eagle Mine
Commodity
gold
Region
michigan
Reported Region
Michigan
Ticker
TLO

Resource scope

Estimate type
resource
Effective date
2026-02-28T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Brian Thomas
Resource group id
resource:9a7a7e06365c6918009c
Mining method
underground

Resource Data

Category
inferred
Tonnes
132000
Grade
0.07
Grade Unit
g/t
Cutoff Grade
150.61
Cutoff Unit
US$/t

Prior Estimate

Resource Date
2026-02-28

Review

Needs Review
No
Historical
No

Dates

Event date
2026-04-30T00:00:00.000Z

Reasoning: Total Inferred resource for nickel, part of Talon's first independent baseline. (Expanded from multi-commodity resource table for completeness.)

Positive factors

  • First independent baseline for Talon Metals

Negative factors

  • Inferred category indicates lower confidence

Evidence · table

“0.07”

Context: 132

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

inferredEagle Mine · silverTonnes: 132000Grade: 2.68Grade Unit: g/tView all details
Link to this fact

Identity

Project
Eagle Mine
Commodity
silver
Region
michigan
Reported Region
Michigan
Ticker
TLO

Resource scope

Estimate type
resource
Effective date
2026-02-28T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Brian Thomas
Resource group id
resource:9a7a7e06365c6918009c
Mining method
underground

Resource Data

Category
inferred
Tonnes
132000
Grade
2.68
Grade Unit
g/t
Cutoff Grade
150.61
Cutoff Unit
US$/t

Prior Estimate

Resource Date
2026-02-28

Review

Needs Review
No
Historical
No

Dates

Event date
2026-04-30T00:00:00.000Z

Reasoning: Total Inferred resource for nickel, part of Talon's first independent baseline. (Expanded from multi-commodity resource table for completeness.)

Positive factors

  • First independent baseline for Talon Metals

Negative factors

  • Inferred category indicates lower confidence

Evidence · table

“2.68”

Context: 132

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

inferredEagle Mine · platinumTonnes: 132000Grade: 0.13Grade Unit: g/tView all details
Link to this fact

Identity

Project
Eagle Mine
Commodity
platinum
Region
michigan
Reported Region
Michigan
Ticker
TLO

Resource scope

Estimate type
resource
Effective date
2026-02-28T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Brian Thomas
Resource group id
resource:9a7a7e06365c6918009c
Mining method
underground

Resource Data

Category
inferred
Tonnes
132000
Grade
0.13
Grade Unit
g/t
Cutoff Grade
150.61
Cutoff Unit
US$/t

Prior Estimate

Resource Date
2026-02-28

Review

Needs Review
No
Historical
No

Dates

Event date
2026-04-30T00:00:00.000Z

Reasoning: Total Inferred resource for nickel, part of Talon's first independent baseline. (Expanded from multi-commodity resource table for completeness.)

Positive factors

  • First independent baseline for Talon Metals

Negative factors

  • Inferred category indicates lower confidence

Evidence · table

“0.13”

Context: 132

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

inferredEagle Mine · palladiumTonnes: 132000Grade: 0.13Grade Unit: g/tView all details
Link to this fact

Identity

Project
Eagle Mine
Commodity
palladium
Region
michigan
Reported Region
Michigan
Ticker
TLO

Resource scope

Estimate type
resource
Effective date
2026-02-28T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Brian Thomas
Resource group id
resource:9a7a7e06365c6918009c
Mining method
underground

Resource Data

Category
inferred
Tonnes
132000
Grade
0.13
Grade Unit
g/t
Cutoff Grade
150.61
Cutoff Unit
US$/t

Prior Estimate

Resource Date
2026-02-28

Review

Needs Review
No
Historical
No

Dates

Event date
2026-04-30T00:00:00.000Z

Reasoning: Total Inferred resource for nickel, part of Talon's first independent baseline. (Expanded from multi-commodity resource table for completeness.)

Positive factors

  • First independent baseline for Talon Metals

Negative factors

  • Inferred category indicates lower confidence

Evidence · table

“0.13”

Context: 132

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

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.