# Troilus présente un rapport technique mis à jour à la suite de l’achèvement de l’ingénierie de base, faisant ressortir une VAN après impôt à 5 % de 3,2 G$ US, un TRI de 22 % et des flux de trésorerie de 6,9 G$ US selon le scénario de base reposant sur un prix de l’or de 3 600 $ US l’once Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/troilus-pre-sente-un-rapport-technique-mis-a-jour-a-la-suite-de-l-ache-vement-de--a428d408-6f57-48b2-9752-da13bc734ddd Original source: https://www.globenewswire.com/news-release/2026/09/09/3358491/0/fr/troilus-pr%C3%A9sente-un-rapport-technique-mis-%C3%A0-jour-%C3%A0-la-suite-de-l-ach%C3%A8vement-de-l-ing%C3%A9nierie-de-base-faisant-ressortir-une-van-apr%C3%A8s-imp%C3%B4t-%C3%A0-5-de-3-2-g-us-un-tri-de-22-et-des-flux-d.html Publisher: globenewswire Original announcement: 2026-09-09T11:00:00.000Z Analysis by Minestarters Atlas Atlas analysis published: Unknown date Atlas analysis updated: Unknown date - Company: Corporation minière Troilus - Ticker: TLG - Exchange: Unavailable - Region: Quebec, Canada - Primary commodity: Gold - Secondary commodities: Copper, Silver - Document categories: Resource update, Metallurgy - Extracted: 2026-09-12 01:35:35 UTC Narrative sentiment: 0.90 · Bullish ## Minestarters Atlas summary Troilus Mining Corp. announced an updated NI 43-101 compliant technical report for its Troilus gold-copper project in Quebec, Canada. The report highlights strong post-tax economics with a US$3.2 billion NPV \(5% discount\), a 22% IRR, and US$6.9 billion in after-tax cash flow, based on a US$3,600/oz gold price. It details a 26-year mine life with a 26% increase in mineral reserves to 478 Mt, containing 6.7 Moz gold, 568 Mlb copper, and 14.2 Moz silver, supported by advanced engineering and cost validation. Reasoning: The updated technical report for the Troilus project demonstrates robust economics with a high NPV and IRR, supported by a substantial increase in mineral reserves and a long mine life. The project benefits from advanced engineering and cost validation, high M&I resource confidence, and favorable metallurgical characteristics, although the resource cutoff grade was lowered and the gold grades are relatively low for an open-pit operation. - Positive factor: High NPV and IRR demonstrating strong project economics - Positive factor: Significant 26% increase in mineral reserves - Positive factor: Extended mine life of 26 years - Positive factor: Improved strip ratio of 2.4:1 - Positive factor: Advanced engineering and cost definition \(AACE Class 3 estimate\) providing high confidence - Positive factor: QP/CP sign-off on the technical report - Positive factor: High Measured and Indicated resource confidence \(81.6%\) - Positive factor: Strong metallurgical recoveries for copper and silver, moderate for gold - Positive factor: Clean ore characteristics \(cyanide-free process, non-acid generating waste\) - Positive factor: Multi-domain metallurgical testing addressing ore variability - Positive factor: Integration of gold dore production from start-up for faster cash flow generation - Negative factor: Lowered resource cutoff grade from 0.3 g/t AuEq to an equivalent of 0.2 g/t AuEq, which can inflate tonnage - Negative factor: Relatively low gold and gold equivalent grades for an open-pit operation \(0.39-0.44 g/t Au and 0.46-0.52 g/t AuEq\) Facts used in scoring: 51 ## Classification and evidence **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: The report is stated to be compliant with Règlement 43-101, a recognized reporting standard. Evidence · text > rapport technique conforme au Règlement 43-101 **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: The technical report was reviewed and approved by several Qualified Persons \(ing., géo.\) from BBA, AGP, and WSP. Evidence · text > L’information scientifique et technique présentée dans le présent communiqué de presse relativement au rapport technique a été examinée et approuvée par les auteurs concernés du rapport technique présentés au tableau 8 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: The document presents an updated technical report including revised mineral resource and reserve estimates, building on a prior feasibility study. Evidence · text > rapport technique mis à jour **Tonnage Growth** Polarity: positive Definition: Tonnage increase reaching the strong tier vs prior estimate, with grade maintained or improved. Why it applies: Mineral reserves increased by 26% \(from 380 Mt to 478 Mt\) compared to the 2024 feasibility study. Evidence · text > Le tonnage des réserves a augmenté d’environ 26 % par rapport à l’étude de faisabilité de 2024 **Contained Metal Growth** Polarity: positive Definition: True scale improvement — contained metal ounces/tonnes increased vs prior, accounting for both tonnage and grade changes. Why it applies: The increase in reserves and maintained grades resulted in higher contained gold \(6.7 Moz\), copper \(568 Mlb\), and silver \(14.2 Moz\). Evidence · text > 6,7 millions d’onces d’or, 568 millions de livres de cuivre et 14,2 millions d’onces d’argent **Cut-off Lowered** Polarity: negative Definition: Cut-off grade reduced beyond the suspicious bound vs prior estimate — tonnage growth may be artificial inflation. Why it applies: The resource domains were remodelled using a lower cut-off grade of 0.2 g/t AuEq, compared to 0.3 g/t AuEq in the 2024 feasibility study. Evidence · text > seuil inférieur de 0,2 g/t d’équ.-or, comparativement à 0,3 g/t d’équ.-or dans l’étude de faisabilité de 2024 **Free Milling** Polarity: positive Definition: Simple, clean ore amenable to standard processing without oxidation. Why it applies: The processing flowsheet is cyanide-free and the waste rock is non-acid generating, indicating simple metallurgy. Evidence · text > schéma de traitement sans cyanure et de stériles non générateurs d’acide **Multi-Domain Tested** Polarity: positive Definition: Variability across ore domains \(oxide, transition, fresh\) has been addressed. Why it applies: Metallurgical testwork considered variable ore characteristics and different zones \(e.g., SW zone\) to support the processing design. Evidence · text > caractéristiques variables du minerai durant la période de montée en puissance et jusqu’à l’atteinte de la production commerciale. **Measured Resource** Polarity: positive Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves. Why it applies: The resource estimate includes 81.6 Mt of Measured resources, representing the highest confidence category. Evidence · table > 81,6 Context: Mesurées **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: The resource estimate includes 728.6 Mt of Indicated resources, providing good geological confidence. Evidence · table > 728,6 Context: Indiquées **Proven Reserve** Polarity: positive Definition: Measured Resource with demonstrated economic viability after applying modifying factors. Why it applies: The reserve estimate includes 49 Mt of Proven reserves, representing the highest confidence category for economic viability. Evidence · table > 49 Context: Prouvées **Probable Reserve** Polarity: positive Definition: Indicated Resource with demonstrated economic viability after applying modifying factors. Why it applies: The reserve estimate includes 429 Mt of Probable reserves, providing good confidence for economic viability. Evidence · table > 429 Context: Probables **Weak Resource Grade** Polarity: negative Story-specific tag Definition: No canonical definition is currently available. Why it applies: The overall gold grade of 0.39 g/t Au for Measured + Indicated resources is below the 0.4 g/t Au weak threshold for open-pit gold deposits. Evidence · table > 0,39 Context: 810,2 **Strong Recovery** Polarity: positive Story-specific tag Definition: No canonical definition is currently available. Why it applies: The copper recovery of 89.6% is within the strong band \(88-92%\) for flotation processing. Evidence · text > 89,6 % pour le cuivre **Moderate Recovery** Polarity: positive Story-specific tag Definition: No canonical definition is currently available. Why it applies: The gold recovery of 86.7% is within the moderate band \(85-90%\) for mill/CIL processing. Evidence · text > 86,7 % pour l’or ## Extracted facts Stored fact records: 51. Some facts used in scoring do not have a stored record. ## Resource Estimates (48) ### proven [Link to this fact](https://atlas-extractions.minestarters.com/news/troilus-pre-sente-un-rapport-technique-mis-a-jour-a-la-suite-de-l-ache-vement-de--a428d408-6f57-48b2-9752-da13bc734ddd#fact-resource-facts-0) Troilus · gold #### Identity - Project: Troilus - Commodity: gold - Region: canada\_qc - Reported Region: Quebec, Canada - Ticker: TLG #### Resource scope - Estimate type: reserve - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Gordon Zurowski, ing. - Resource group id: resource:baa670a2651b80e2ee9c #### Resource Data - Category: proven - Tonnes: 49000000 - Grade: 0.45 - Grade Unit: g/t - Contained Metal: 0.71 - Contained Unit: moz - Cutoff Grade: 11.84 - Cutoff Unit: CA$/t RNF #### Prior Estimate - Resource Date: 2025-12-31 - Prior Tonnes: 380000000 #### Metal Equivalent - Metal Eq. Grade: 0.53 - Metal Eq. Unit: g/t AuEq - Assumptions Disclosed: Yes #### Lab - Laboratory: AGP Mining Consultants Inc. #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-09T00:00:00.000Z Reasoning: The Proven gold reserve contributes to the overall increase in project reserves, providing high confidence, though the grade is relatively low for open-pit mining. - Positive factor: High confidence Proven Reserve category - Positive factor: Part of a significant overall reserve increase - Negative factor: Low gold grade for an open-pit operation Evidence · table > 0,45 Context: 49 #### Tags used in scoring **Proven Reserve** Polarity: positive Definition: Measured Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "proven" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Tonnage Decline** Polarity: negative Definition: Resource tonnage decreased vs prior estimate — pit optimization removed marginal material or geological model revised down. Why it applies: 49000000 against 380000000 previously **No QP/CP Disclosure** Polarity: negative Definition: No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience. Why it applies: no Qualified or Competent Person is named anywhere in the release ### proven [Link to this fact](https://atlas-extractions.minestarters.com/news/troilus-pre-sente-un-rapport-technique-mis-a-jour-a-la-suite-de-l-ache-vement-de--a428d408-6f57-48b2-9752-da13bc734ddd#fact-resource-facts-1) Troilus · copper #### Identity - Project: Troilus - Commodity: copper - Region: canada\_qc - Reported Region: Quebec, Canada - Ticker: TLG #### Resource scope - Estimate type: reserve - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Gordon Zurowski, ing. - Resource group id: resource:baa670a2651b80e2ee9c #### Resource Data - Category: proven - Tonnes: 49000000 - Grade: 0.048 - Grade Unit: % - Contained Metal: 52 - Contained Unit: mlb - Cutoff Grade: 11.84 - Cutoff Unit: CA$/t RNF #### Prior Estimate - Resource Date: 2025-12-31 - Prior Tonnes: 380000000 #### Metal Equivalent - Metal Eq. Grade: 0.53 - Metal Eq. Unit: g/t AuEq - Assumptions Disclosed: Yes #### Lab - Laboratory: AGP Mining Consultants Inc. #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-09T00:00:00.000Z Reasoning: The Proven copper reserve adds to the project's overall metal endowment and confidence, supporting the polymetallic nature of the deposit. - Positive factor: High confidence Proven Reserve category - Positive factor: Contributes to polymetallic value of the project Evidence · table > 0,048 Context: 49 #### Tags used in scoring **Proven Reserve** Polarity: positive Definition: Measured Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "proven" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Tonnage Decline** Polarity: negative Definition: Resource tonnage decreased vs prior estimate — pit optimization removed marginal material or geological model revised down. Why it applies: 49000000 against 380000000 previously **No QP/CP Disclosure** Polarity: negative Definition: No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience. Why it applies: no Qualified or Competent Person is named anywhere in the release ### proven [Link to this fact](https://atlas-extractions.minestarters.com/news/troilus-pre-sente-un-rapport-technique-mis-a-jour-a-la-suite-de-l-ache-vement-de--a428d408-6f57-48b2-9752-da13bc734ddd#fact-resource-facts-2) Troilus · silver #### Identity - Project: Troilus - Commodity: silver - Region: canada\_qc - Reported Region: Quebec, Canada - Ticker: TLG #### Resource scope - Estimate type: reserve - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Gordon Zurowski, ing. - Resource group id: resource:baa670a2651b80e2ee9c #### Resource Data - Category: proven - Tonnes: 49000000 - Grade: 0.7 - Grade Unit: g/t - Contained Metal: 1.1 - Contained Unit: moz - Cutoff Grade: 11.84 - Cutoff Unit: CA$/t RNF #### Prior Estimate - Resource Date: 2025-12-31 - Prior Tonnes: 380000000 #### Metal Equivalent - Metal Eq. Grade: 0.53 - Metal Eq. Unit: g/t AuEq - Assumptions Disclosed: Yes #### Lab - Laboratory: AGP Mining Consultants Inc. #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-09T00:00:00.000Z Reasoning: The Proven silver reserve enhances the project's polymetallic profile and overall contained metal, adding to the project's value. - Positive factor: High confidence Proven Reserve category - Positive factor: Contributes to polymetallic value of the project Evidence · table > 0,70 Context: 49 #### Tags used in scoring **Proven Reserve** Polarity: positive Definition: Measured Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "proven" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Tonnage Decline** Polarity: negative Definition: Resource tonnage decreased vs prior estimate — pit optimization removed marginal material or geological model revised down. Why it applies: 49000000 against 380000000 previously **No QP/CP Disclosure** Polarity: negative Definition: No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience. Why it applies: no Qualified or Competent Person is named anywhere in the release ### probable [Link to this fact](https://atlas-extractions.minestarters.com/news/troilus-pre-sente-un-rapport-technique-mis-a-jour-a-la-suite-de-l-ache-vement-de--a428d408-6f57-48b2-9752-da13bc734ddd#fact-resource-facts-3) Troilus · gold #### Identity - Project: Troilus - Commodity: gold - Region: canada\_qc - Reported Region: Quebec, Canada - Ticker: TLG #### Resource scope - Estimate type: reserve - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Gordon Zurowski, ing. - Resource group id: resource:4cd8e5f5df47037875d6 #### Resource Data - Category: probable - Tonnes: 429000000 - Grade: 0.43 - Grade Unit: g/t - Contained Metal: 5.98 - Contained Unit: moz - Cutoff Grade: 11.84 - Cutoff Unit: CA$/t RNF #### Prior Estimate - Resource Date: 2025-12-31 - Prior Tonnes: 380000000 #### Metal Equivalent - Metal Eq. Grade: 0.52 - Metal Eq. Unit: g/t AuEq - Assumptions Disclosed: Yes #### Lab - Laboratory: AGP Mining Consultants Inc. #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-09T00:00:00.000Z Reasoning: The Probable gold reserve represents a substantial portion of the project's total reserves, contributing significantly to the overall increase, despite a relatively low gold grade for open-pit mining. - Positive factor: Probable Reserve category provides good confidence - Positive factor: Significant contribution to overall reserve increase - Negative factor: Low gold grade for an open-pit operation Evidence · table > 0,43 Context: 429 #### Tags used in scoring **Probable Reserve** Polarity: positive Definition: Indicated Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "probable" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No QP/CP Disclosure** Polarity: negative Definition: No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience. Why it applies: no Qualified or Competent Person is named anywhere in the release ### probable [Link to this fact](https://atlas-extractions.minestarters.com/news/troilus-pre-sente-un-rapport-technique-mis-a-jour-a-la-suite-de-l-ache-vement-de--a428d408-6f57-48b2-9752-da13bc734ddd#fact-resource-facts-4) Troilus · copper #### Identity - Project: Troilus - Commodity: copper - Region: canada\_qc - Reported Region: Quebec, Canada - Ticker: TLG #### Resource scope - Estimate type: reserve - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Gordon Zurowski, ing. - Resource group id: resource:4cd8e5f5df47037875d6 #### Resource Data - Category: probable - Tonnes: 429000000 - Grade: 0.055 - Grade Unit: % - Contained Metal: 517 - Contained Unit: mlb - Cutoff Grade: 11.84 - Cutoff Unit: CA$/t RNF #### Prior Estimate - Resource Date: 2025-12-31 - Prior Tonnes: 380000000 #### Metal Equivalent - Metal Eq. Grade: 0.52 - Metal Eq. Unit: g/t AuEq - Assumptions Disclosed: Yes #### Lab - Laboratory: AGP Mining Consultants Inc. #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-09T00:00:00.000Z Reasoning: The Probable copper reserve adds substantial contained metal to the project, enhancing its polymetallic nature and overall economic potential. - Positive factor: Probable Reserve category provides good confidence - Positive factor: Significant contribution to polymetallic value Evidence · table > 0,055 Context: 429 #### Tags used in scoring **Probable Reserve** Polarity: positive Definition: Indicated Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "probable" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No QP/CP Disclosure** Polarity: negative Definition: No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience. Why it applies: no Qualified or Competent Person is named anywhere in the release ### probable [Link to this fact](https://atlas-extractions.minestarters.com/news/troilus-pre-sente-un-rapport-technique-mis-a-jour-a-la-suite-de-l-ache-vement-de--a428d408-6f57-48b2-9752-da13bc734ddd#fact-resource-facts-5) Troilus · silver #### Identity - Project: Troilus - Commodity: silver - Region: canada\_qc - Reported Region: Quebec, Canada - Ticker: TLG #### Resource scope - Estimate type: reserve - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Gordon Zurowski, ing. - Resource group id: resource:4cd8e5f5df47037875d6 #### Resource Data - Category: probable - Tonnes: 429000000 - Grade: 0.95 - Grade Unit: g/t - Contained Metal: 13.12 - Contained Unit: moz - Cutoff Grade: 11.84 - Cutoff Unit: CA$/t RNF #### Prior Estimate - Resource Date: 2025-12-31 - Prior Tonnes: 380000000 #### Metal Equivalent - Metal Eq. Grade: 0.52 - Metal Eq. Unit: g/t AuEq - Assumptions Disclosed: Yes #### Lab - Laboratory: AGP Mining Consultants Inc. #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-09T00:00:00.000Z Reasoning: The Probable silver reserve significantly boosts the project's contained silver, further strengthening its polymetallic economic profile. - Positive factor: Probable Reserve category provides good confidence - Positive factor: Significant contribution to polymetallic value Evidence · table > 0,95 Context: 429 #### Tags used in scoring **Probable Reserve** Polarity: positive Definition: Indicated Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "probable" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No QP/CP Disclosure** Polarity: negative Definition: No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience. Why it applies: no Qualified or Competent Person is named anywhere in the release ### proven [Link to this fact](https://atlas-extractions.minestarters.com/news/troilus-pre-sente-un-rapport-technique-mis-a-jour-a-la-suite-de-l-ache-vement-de--a428d408-6f57-48b2-9752-da13bc734ddd#fact-resource-facts-6) Troilus · gold #### Identity - Project: Troilus - Commodity: gold - Region: canada\_qc - Reported Region: Quebec, Canada - Ticker: TLG #### Resource scope - Estimate type: reserve - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Gordon Zurowski, ing. - Resource group id: resource:76b1db4b90e897921e71 #### Resource Data - Category: proven - Tonnes: 478000000 - Grade: 0.44 - Grade Unit: g/t - Contained Metal: 6.69 - Contained Unit: moz - Cutoff Grade: 11.84 - Cutoff Unit: CA$/t RNF #### Prior Estimate - Resource Date: 2025-12-31 - Prior Tonnes: 380000000 #### Metal Equivalent - Metal Eq. Grade: 0.52 - Metal Eq. Unit: g/t AuEq - Assumptions Disclosed: Yes #### Lab - Laboratory: AGP Mining Consultants Inc. #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-09T00:00:00.000Z Reasoning: The total Proven and Probable gold reserve shows a substantial increase in tonnage and contained metal, underpinning the project's long mine life, despite a low gold grade. - Positive factor: Overall Proven and Probable reserve increase of 26% - Positive factor: Significant contained gold for a long mine life - Negative factor: Low gold grade for an open-pit operation Evidence · table > 0,44 Context: 478 #### Tags used in scoring **Proven Reserve** Polarity: positive Definition: Measured Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "proven" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Tonnage Growth** Polarity: positive Definition: Tonnage increase reaching the strong tier vs prior estimate, with grade maintained or improved. Why it applies: 478000000 against 380000000 previously **No QP/CP Disclosure** Polarity: negative Definition: No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience. Why it applies: no Qualified or Competent Person is named anywhere in the release ### proven [Link to this fact](https://atlas-extractions.minestarters.com/news/troilus-pre-sente-un-rapport-technique-mis-a-jour-a-la-suite-de-l-ache-vement-de--a428d408-6f57-48b2-9752-da13bc734ddd#fact-resource-facts-7) Troilus · copper #### Identity - Project: Troilus - Commodity: copper - Region: canada\_qc - Reported Region: Quebec, Canada - Ticker: TLG #### Resource scope - Estimate type: reserve - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Gordon Zurowski, ing. - Resource group id: resource:76b1db4b90e897921e71 #### Resource Data - Category: proven - Tonnes: 478000000 - Grade: 0.054 - Grade Unit: % - Contained Metal: 568 - Contained Unit: mlb - Cutoff Grade: 11.84 - Cutoff Unit: CA$/t RNF #### Prior Estimate - Resource Date: 2025-12-31 - Prior Tonnes: 380000000 #### Metal Equivalent - Metal Eq. Grade: 0.52 - Metal Eq. Unit: g/t AuEq - Assumptions Disclosed: Yes #### Lab - Laboratory: AGP Mining Consultants Inc. #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-09T00:00:00.000Z Reasoning: The total Proven and Probable copper reserve demonstrates a substantial increase in contained metal, reinforcing the project's polymetallic value and long-term production potential. - Positive factor: Overall Proven and Probable reserve increase of 26% - Positive factor: Significant contained copper for a long mine life Evidence · table > 0,054 Context: 478 #### Tags used in scoring **Proven Reserve** Polarity: positive Definition: Measured Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "proven" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Tonnage Growth** Polarity: positive Definition: Tonnage increase reaching the strong tier vs prior estimate, with grade maintained or improved. Why it applies: 478000000 against 380000000 previously **No QP/CP Disclosure** Polarity: negative Definition: No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience. Why it applies: no Qualified or Competent Person is named anywhere in the release ### proven [Link to this fact](https://atlas-extractions.minestarters.com/news/troilus-pre-sente-un-rapport-technique-mis-a-jour-a-la-suite-de-l-ache-vement-de--a428d408-6f57-48b2-9752-da13bc734ddd#fact-resource-facts-8) Troilus · silver #### Identity - Project: Troilus - Commodity: silver - Region: canada\_qc - Reported Region: Quebec, Canada - Ticker: TLG #### Resource scope - Estimate type: reserve - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Gordon Zurowski, ing. - Resource group id: resource:76b1db4b90e897921e71 #### Resource Data - Category: proven - Tonnes: 478000000 - Grade: 0.92 - Grade Unit: g/t - Contained Metal: 14.22 - Contained Unit: moz - Cutoff Grade: 11.84 - Cutoff Unit: CA$/t RNF #### Prior Estimate - Resource Date: 2025-12-31 - Prior Tonnes: 380000000 #### Metal Equivalent - Metal Eq. Grade: 0.52 - Metal Eq. Unit: g/t AuEq - Assumptions Disclosed: Yes #### Lab - Laboratory: AGP Mining Consultants Inc. #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-09T00:00:00.000Z Reasoning: The total Proven and Probable silver reserve shows a substantial increase in contained metal, further enhancing the project's polymetallic value and long-term production profile. - Positive factor: Overall Proven and Probable reserve increase of 26% - Positive factor: Significant contained silver for a long mine life Evidence · table > 0,92 Context: 478 #### Tags used in scoring **Proven Reserve** Polarity: positive Definition: Measured Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "proven" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Tonnage Growth** Polarity: positive Definition: Tonnage increase reaching the strong tier vs prior estimate, with grade maintained or improved. Why it applies: 478000000 against 380000000 previously **No QP/CP Disclosure** Polarity: negative Definition: No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience. Why it applies: no Qualified or Competent Person is named anywhere in the release ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/troilus-pre-sente-un-rapport-technique-mis-a-jour-a-la-suite-de-l-ache-vement-de--a428d408-6f57-48b2-9752-da13bc734ddd#fact-resource-facts-9) Troilus · gold #### Identity - Project: Troilus - Commodity: gold - Region: canada\_qc - Reported Region: Quebec, Canada - Ticker: TLG #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Paul Daigle, géo. - Resource group id: resource:47388be27263444cdd88 - Deposit or zone: Z87 #### Resource Data - Category: indicated - Tonnes: 323000000 - Grade: 0.44 - Grade Unit: g/t - Contained Metal: 4.6 - Contained Unit: moz - Cutoff Grade: 11.33 - Cutoff Unit: CA$/t RNF #### Prior Estimate - Resource Date: 2025-12-31 - Prior Cutoff Grade: 0.3 #### Metal Equivalent - Metal Eq. Grade: 0.52 - Metal Eq. Unit: g/t AuEq - Assumptions Disclosed: Yes #### Lab - Laboratory: AGP Mining Consultants Inc. #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-09T00:00:00.000Z Reasoning: The Z87 Indicated gold resource contributes significantly to the project's overall gold endowment, but the lowered cutoff grade and low gold grade are noted. - Positive factor: Indicated Resource category provides good confidence - Positive factor: Significant contained gold in the Z87 zone - Negative factor: Lowered resource cutoff grade compared to prior estimate - Negative factor: Low gold grade for an open-pit operation Evidence · table > 0,44 Context: 323,0 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No QP/CP Disclosure** Polarity: negative Definition: No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience. Why it applies: no Qualified or Competent Person is named anywhere in the release ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/troilus-pre-sente-un-rapport-technique-mis-a-jour-a-la-suite-de-l-ache-vement-de--a428d408-6f57-48b2-9752-da13bc734ddd#fact-resource-facts-10) Troilus · copper #### Identity - Project: Troilus - Commodity: copper - Region: canada\_qc - Reported Region: Quebec, Canada - Ticker: TLG #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Paul Daigle, géo. - Resource group id: resource:47388be27263444cdd88 - Deposit or zone: Z87 #### Resource Data - Category: indicated - Tonnes: 323000000 - Grade: 0.052 - Grade Unit: % - Contained Metal: 372.7 - Contained Unit: mlb - Cutoff Grade: 11.33 - Cutoff Unit: CA$/t RNF #### Prior Estimate - Resource Date: 2025-12-31 - Prior Cutoff Grade: 0.3 #### Metal Equivalent - Metal Eq. Grade: 0.52 - Metal Eq. Unit: g/t AuEq - Assumptions Disclosed: Yes #### Lab - Laboratory: AGP Mining Consultants Inc. #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-09T00:00:00.000Z Reasoning: The Z87 Indicated copper resource adds substantial contained metal, contributing to the project's polymetallic value, but the lowered cutoff grade is noted. - Positive factor: Indicated Resource category provides good confidence - Positive factor: Significant contained copper in the Z87 zone - Negative factor: Lowered resource cutoff grade compared to prior estimate Evidence · table > 0,052 Context: 323,0 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No QP/CP Disclosure** Polarity: negative Definition: No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience. Why it applies: no Qualified or Competent Person is named anywhere in the release ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/troilus-pre-sente-un-rapport-technique-mis-a-jour-a-la-suite-de-l-ache-vement-de--a428d408-6f57-48b2-9752-da13bc734ddd#fact-resource-facts-11) Troilus · silver #### Identity - Project: Troilus - Commodity: silver - Region: canada\_qc - Reported Region: Quebec, Canada - Ticker: TLG #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Paul Daigle, géo. - Resource group id: resource:47388be27263444cdd88 - Deposit or zone: Z87 #### Resource Data - Category: indicated - Tonnes: 323000000 - Grade: 0.91 - Grade Unit: g/t - Contained Metal: 9.5 - Contained Unit: moz - Cutoff Grade: 11.33 - Cutoff Unit: CA$/t RNF #### Prior Estimate - Resource Date: 2025-12-31 - Prior Cutoff Grade: 0.3 #### Metal Equivalent - Metal Eq. Grade: 0.52 - Metal Eq. Unit: g/t AuEq - Assumptions Disclosed: Yes #### Lab - Laboratory: AGP Mining Consultants Inc. #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-09T00:00:00.000Z Reasoning: The Z87 Indicated silver resource contributes to the project's polymetallic value, but the lowered cutoff grade is noted. - Positive factor: Indicated Resource category provides good confidence - Positive factor: Significant contained silver in the Z87 zone - Negative factor: Lowered resource cutoff grade compared to prior estimate Evidence · table > 0,91 Context: 323,0 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No QP/CP Disclosure** Polarity: negative Definition: No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience. Why it applies: no Qualified or Competent Person is named anywhere in the release ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/troilus-pre-sente-un-rapport-technique-mis-a-jour-a-la-suite-de-l-ache-vement-de--a428d408-6f57-48b2-9752-da13bc734ddd#fact-resource-facts-12) Troilus · gold #### Identity - Project: Troilus - Commodity: gold - Region: canada\_qc - Reported Region: Quebec, Canada - Ticker: TLG #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Paul Daigle, géo. - Resource group id: resource:b63a2d687e5da074d31e - Deposit or zone: Z87 #### Resource Data - Category: inferred - Tonnes: 140000000 - Grade: 0.36 - Grade Unit: g/t - Contained Metal: 1.6 - Contained Unit: moz - Cutoff Grade: 11.33 - Cutoff Unit: CA$/t RNF #### Prior Estimate - Resource Date: 2025-12-31 - Prior Cutoff Grade: 0.3 #### Metal Equivalent - Metal Eq. Grade: 0.43 - Metal Eq. Unit: g/t AuEq - Assumptions Disclosed: Yes #### Lab - Laboratory: AGP Mining Consultants Inc. #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-09T00:00:00.000Z Reasoning: The Z87 Inferred gold resource contributes to the total resource, but its lower confidence category, lowered cutoff grade, and low gold grade are noted. - Positive factor: Adds to overall resource base - Negative factor: Inferred category has lower confidence - Negative factor: Lowered resource cutoff grade compared to prior estimate - Negative factor: Low gold grade for an open-pit operation Evidence · table > 0,36 Context: 140,0 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No QP/CP Disclosure** Polarity: negative Definition: No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience. Why it applies: no Qualified or Competent Person is named anywhere in the release ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/troilus-pre-sente-un-rapport-technique-mis-a-jour-a-la-suite-de-l-ache-vement-de--a428d408-6f57-48b2-9752-da13bc734ddd#fact-resource-facts-13) Troilus · copper #### Identity - Project: Troilus - Commodity: copper - Region: canada\_qc - Reported Region: Quebec, Canada - Ticker: TLG #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Paul Daigle, géo. - Resource group id: resource:b63a2d687e5da074d31e - Deposit or zone: Z87 #### Resource Data - Category: inferred - Tonnes: 140000000 - Grade: 0.045 - Grade Unit: % - Contained Metal: 140.2 - Contained Unit: mlb - Cutoff Grade: 11.33 - Cutoff Unit: CA$/t RNF #### Prior Estimate - Resource Date: 2025-12-31 - Prior Cutoff Grade: 0.3 #### Metal Equivalent - Metal Eq. Grade: 0.43 - Metal Eq. Unit: g/t AuEq - Assumptions Disclosed: Yes #### Lab - Laboratory: AGP Mining Consultants Inc. #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-09T00:00:00.000Z Reasoning: The Z87 Inferred copper resource contributes to the total resource, but its lower confidence category and lowered cutoff grade are noted. - Positive factor: Adds to overall resource base - Negative factor: Inferred category has lower confidence - Negative factor: Lowered resource cutoff grade compared to prior estimate Evidence · table > 0,045 Context: 140,0 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No QP/CP Disclosure** Polarity: negative Definition: No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience. Why it applies: no Qualified or Competent Person is named anywhere in the release ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/troilus-pre-sente-un-rapport-technique-mis-a-jour-a-la-suite-de-l-ache-vement-de--a428d408-6f57-48b2-9752-da13bc734ddd#fact-resource-facts-14) Troilus · silver #### Identity - Project: Troilus - Commodity: silver - Region: canada\_qc - Reported Region: Quebec, Canada - Ticker: TLG #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Paul Daigle, géo. - Resource group id: resource:b63a2d687e5da074d31e - Deposit or zone: Z87 #### Resource Data - Category: inferred - Tonnes: 140000000 - Grade: 0.76 - Grade Unit: g/t - Contained Metal: 3.4 - Contained Unit: moz - Cutoff Grade: 11.33 - Cutoff Unit: CA$/t RNF #### Prior Estimate - Resource Date: 2025-12-31 - Prior Cutoff Grade: 0.3 #### Metal Equivalent - Metal Eq. Grade: 0.43 - Metal Eq. Unit: g/t AuEq - Assumptions Disclosed: Yes #### Lab - Laboratory: AGP Mining Consultants Inc. #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-09T00:00:00.000Z Reasoning: The Z87 Inferred silver resource contributes to the total resource, but its lower confidence category and lowered cutoff grade are noted. - Positive factor: Adds to overall resource base - Negative factor: Inferred category has lower confidence - Negative factor: Lowered resource cutoff grade compared to prior estimate Evidence · table > 0,76 Context: 140,0 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No QP/CP Disclosure** Polarity: negative Definition: No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience. Why it applies: no Qualified or Competent Person is named anywhere in the release ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/troilus-pre-sente-un-rapport-technique-mis-a-jour-a-la-suite-de-l-ache-vement-de--a428d408-6f57-48b2-9752-da13bc734ddd#fact-resource-facts-15) Troilus · gold #### Identity - Project: Troilus - Commodity: gold - Region: canada\_qc - Reported Region: Quebec, Canada - Ticker: TLG #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Paul Daigle, géo. - Resource group id: resource:8d5ee28ff24203deef29 - Deposit or zone: JZ #### Resource Data - Category: indicated - Tonnes: 273100000 - Grade: 0.34 - Grade Unit: g/t - Contained Metal: 3 - Contained Unit: moz - Cutoff Grade: 11.33 - Cutoff Unit: CA$/t RNF #### Prior Estimate - Resource Date: 2025-12-31 - Prior Cutoff Grade: 0.3 #### Metal Equivalent - Metal Eq. Grade: 0.42 - Metal Eq. Unit: g/t AuEq - Assumptions Disclosed: Yes #### Lab - Laboratory: AGP Mining Consultants Inc. #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-09T00:00:00.000Z Reasoning: The JZ Indicated gold resource contributes significantly to the project's overall gold endowment, but the lowered cutoff grade and low gold grade are noted. - Positive factor: Indicated Resource category provides good confidence - Positive factor: Significant contained gold in the JZ zone - Negative factor: Lowered resource cutoff grade compared to prior estimate - Negative factor: Low gold grade for an open-pit operation Evidence · table > 0,34 Context: 273,1 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No QP/CP Disclosure** Polarity: negative Definition: No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience. Why it applies: no Qualified or Competent Person is named anywhere in the release ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/troilus-pre-sente-un-rapport-technique-mis-a-jour-a-la-suite-de-l-ache-vement-de--a428d408-6f57-48b2-9752-da13bc734ddd#fact-resource-facts-16) Troilus · copper #### Identity - Project: Troilus - Commodity: copper - Region: canada\_qc - Reported Region: Quebec, Canada - Ticker: TLG #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Paul Daigle, géo. - Resource group id: resource:8d5ee28ff24203deef29 - Deposit or zone: JZ #### Resource Data - Category: indicated - Tonnes: 273100000 - Grade: 0.049 - Grade Unit: % - Contained Metal: 296.9 - Contained Unit: mlb - Cutoff Grade: 11.33 - Cutoff Unit: CA$/t RNF #### Prior Estimate - Resource Date: 2025-12-31 - Prior Cutoff Grade: 0.3 #### Metal Equivalent - Metal Eq. Grade: 0.42 - Metal Eq. Unit: g/t AuEq - Assumptions Disclosed: Yes #### Lab - Laboratory: AGP Mining Consultants Inc. #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-09T00:00:00.000Z Reasoning: The JZ Indicated copper resource adds substantial contained metal, contributing to the project's polymetallic value, but the lowered cutoff grade is noted. - Positive factor: Indicated Resource category provides good confidence - Positive factor: Significant contained copper in the JZ zone - Negative factor: Lowered resource cutoff grade compared to prior estimate Evidence · table > 0,049 Context: 273,1 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No QP/CP Disclosure** Polarity: negative Definition: No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience. Why it applies: no Qualified or Competent Person is named anywhere in the release ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/troilus-pre-sente-un-rapport-technique-mis-a-jour-a-la-suite-de-l-ache-vement-de--a428d408-6f57-48b2-9752-da13bc734ddd#fact-resource-facts-17) Troilus · silver #### Identity - Project: Troilus - Commodity: silver - Region: canada\_qc - Reported Region: Quebec, Canada - Ticker: TLG #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Paul Daigle, géo. - Resource group id: resource:8d5ee28ff24203deef29 - Deposit or zone: JZ #### Resource Data - Category: indicated - Tonnes: 273100000 - Grade: 0.75 - Grade Unit: g/t - Contained Metal: 6.6 - Contained Unit: moz - Cutoff Grade: 11.33 - Cutoff Unit: CA$/t RNF #### Prior Estimate - Resource Date: 2025-12-31 - Prior Cutoff Grade: 0.3 #### Metal Equivalent - Metal Eq. Grade: 0.42 - Metal Eq. Unit: g/t AuEq - Assumptions Disclosed: Yes #### Lab - Laboratory: AGP Mining Consultants Inc. #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-09T00:00:00.000Z Reasoning: The JZ Indicated silver resource contributes to the project's polymetallic value, but the lowered cutoff grade is noted. - Positive factor: Indicated Resource category provides good confidence - Positive factor: Significant contained silver in the JZ zone - Negative factor: Lowered resource cutoff grade compared to prior estimate Evidence · table > 0,75 Context: 273,1 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No QP/CP Disclosure** Polarity: negative Definition: No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience. Why it applies: no Qualified or Competent Person is named anywhere in the release ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/troilus-pre-sente-un-rapport-technique-mis-a-jour-a-la-suite-de-l-ache-vement-de--a428d408-6f57-48b2-9752-da13bc734ddd#fact-resource-facts-18) Troilus · gold #### Identity - Project: Troilus - Commodity: gold - Region: canada\_qc - Reported Region: Quebec, Canada - Ticker: TLG #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Paul Daigle, géo. - Resource group id: resource:2076b709937501d5b824 - Deposit or zone: JZ #### Resource Data - Category: inferred - Tonnes: 37800000 - Grade: 0.26 - Grade Unit: g/t - Contained Metal: 0.3 - Contained Unit: moz - Cutoff Grade: 11.33 - Cutoff Unit: CA$/t RNF #### Prior Estimate - Resource Date: 2025-12-31 - Prior Cutoff Grade: 0.3 #### Metal Equivalent - Metal Eq. Grade: 0.32 - Metal Eq. Unit: g/t AuEq - Assumptions Disclosed: Yes #### Lab - Laboratory: AGP Mining Consultants Inc. #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-09T00:00:00.000Z Reasoning: The JZ Inferred gold resource contributes to the total resource, but its lower confidence category, lowered cutoff grade, and low gold grade are noted. - Positive factor: Adds to overall resource base - Negative factor: Inferred category has lower confidence - Negative factor: Lowered resource cutoff grade compared to prior estimate - Negative factor: Low gold grade for an open-pit operation Evidence · table > 0,26 Context: 37,8 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No QP/CP Disclosure** Polarity: negative Definition: No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience. Why it applies: no Qualified or Competent Person is named anywhere in the release ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/troilus-pre-sente-un-rapport-technique-mis-a-jour-a-la-suite-de-l-ache-vement-de--a428d408-6f57-48b2-9752-da13bc734ddd#fact-resource-facts-19) Troilus · copper #### Identity - Project: Troilus - Commodity: copper - Region: canada\_qc - Reported Region: Quebec, Canada - Ticker: TLG #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Paul Daigle, géo. - Resource group id: resource:2076b709937501d5b824 - Deposit or zone: JZ #### Resource Data - Category: inferred - Tonnes: 37800000 - Grade: 0.041 - Grade Unit: % - Contained Metal: 34 - Contained Unit: mlb - Cutoff Grade: 11.33 - Cutoff Unit: CA$/t RNF #### Prior Estimate - Resource Date: 2025-12-31 - Prior Cutoff Grade: 0.3 #### Metal Equivalent - Metal Eq. Grade: 0.32 - Metal Eq. Unit: g/t AuEq - Assumptions Disclosed: Yes #### Lab - Laboratory: AGP Mining Consultants Inc. #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-09T00:00:00.000Z Reasoning: The JZ Inferred copper resource contributes to the total resource, but its lower confidence category and lowered cutoff grade are noted. - Positive factor: Adds to overall resource base - Negative factor: Inferred category has lower confidence - Negative factor: Lowered resource cutoff grade compared to prior estimate Evidence · table > 0,041 Context: 37,8 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No QP/CP Disclosure** Polarity: negative Definition: No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience. Why it applies: no Qualified or Competent Person is named anywhere in the release ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/troilus-pre-sente-un-rapport-technique-mis-a-jour-a-la-suite-de-l-ache-vement-de--a428d408-6f57-48b2-9752-da13bc734ddd#fact-resource-facts-20) Troilus · silver #### Identity - Project: Troilus - Commodity: silver - Region: canada\_qc - Reported Region: Quebec, Canada - Ticker: TLG #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Paul Daigle, géo. - Resource group id: resource:2076b709937501d5b824 - Deposit or zone: JZ #### Resource Data - Category: inferred - Tonnes: 37800000 - Grade: 0.57 - Grade Unit: g/t - Contained Metal: 0.7 - Contained Unit: moz - Cutoff Grade: 11.33 - Cutoff Unit: CA$/t RNF #### Prior Estimate - Resource Date: 2025-12-31 - Prior Cutoff Grade: 0.3 #### Metal Equivalent - Metal Eq. Grade: 0.32 - Metal Eq. Unit: g/t AuEq - Assumptions Disclosed: Yes #### Lab - Laboratory: AGP Mining Consultants Inc. #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-09T00:00:00.000Z Reasoning: The JZ Inferred silver resource contributes to the total resource, but its lower confidence category and lowered cutoff grade are noted. - Positive factor: Adds to overall resource base - Negative factor: Inferred category has lower confidence - Negative factor: Lowered resource cutoff grade compared to prior estimate Evidence · table > 0,57 Context: 37,8 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No QP/CP Disclosure** Polarity: negative Definition: No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience. Why it applies: no Qualified or Competent Person is named anywhere in the release ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/troilus-pre-sente-un-rapport-technique-mis-a-jour-a-la-suite-de-l-ache-vement-de--a428d408-6f57-48b2-9752-da13bc734ddd#fact-resource-facts-21) Troilus · gold #### Identity - Project: Troilus - Commodity: gold - Region: canada\_qc - Reported Region: Quebec, Canada - Ticker: TLG #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Paul Daigle, géo. - Resource group id: resource:92c054b49a720c3264cc - Deposit or zone: X22 #### Resource Data - Category: indicated - Tonnes: 98200000 - Grade: 0.39 - Grade Unit: g/t - Contained Metal: 1.2 - Contained Unit: moz - Cutoff Grade: 11.33 - Cutoff Unit: CA$/t RNF #### Prior Estimate - Resource Date: 2025-12-31 - Prior Cutoff Grade: 0.3 #### Metal Equivalent - Metal Eq. Grade: 0.46 - Metal Eq. Unit: g/t AuEq - Assumptions Disclosed: Yes #### Lab - Laboratory: AGP Mining Consultants Inc. #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-09T00:00:00.000Z Reasoning: The X22 Indicated gold resource adds to the project's overall gold endowment, but the lowered cutoff grade and low gold grade are noted. - Positive factor: Indicated Resource category provides good confidence - Positive factor: Contributes to overall resource base - Negative factor: Lowered resource cutoff grade compared to prior estimate - Negative factor: Low gold grade for an open-pit operation Evidence · table > 0,39 Context: 98,2 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No QP/CP Disclosure** Polarity: negative Definition: No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience. Why it applies: no Qualified or Competent Person is named anywhere in the release ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/troilus-pre-sente-un-rapport-technique-mis-a-jour-a-la-suite-de-l-ache-vement-de--a428d408-6f57-48b2-9752-da13bc734ddd#fact-resource-facts-22) Troilus · copper #### Identity - Project: Troilus - Commodity: copper - Region: canada\_qc - Reported Region: Quebec, Canada - Ticker: TLG #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Paul Daigle, géo. - Resource group id: resource:92c054b49a720c3264cc - Deposit or zone: X22 #### Resource Data - Category: indicated - Tonnes: 98200000 - Grade: 0.042 - Grade Unit: % - Contained Metal: 90.2 - Contained Unit: mlb - Cutoff Grade: 11.33 - Cutoff Unit: CA$/t RNF #### Prior Estimate - Resource Date: 2025-12-31 - Prior Cutoff Grade: 0.3 #### Metal Equivalent - Metal Eq. Grade: 0.46 - Metal Eq. Unit: g/t AuEq - Assumptions Disclosed: Yes #### Lab - Laboratory: AGP Mining Consultants Inc. #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-09T00:00:00.000Z Reasoning: The X22 Indicated copper resource adds to the project's polymetallic value, but the lowered cutoff grade is noted. - Positive factor: Indicated Resource category provides good confidence - Positive factor: Contributes to polymetallic value - Negative factor: Lowered resource cutoff grade compared to prior estimate Evidence · table > 0,042 Context: 98,2 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No QP/CP Disclosure** Polarity: negative Definition: No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience. Why it applies: no Qualified or Competent Person is named anywhere in the release ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/troilus-pre-sente-un-rapport-technique-mis-a-jour-a-la-suite-de-l-ache-vement-de--a428d408-6f57-48b2-9752-da13bc734ddd#fact-resource-facts-23) Troilus · silver #### Identity - Project: Troilus - Commodity: silver - Region: canada\_qc - Reported Region: Quebec, Canada - Ticker: TLG #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Paul Daigle, géo. - Resource group id: resource:92c054b49a720c3264cc - Deposit or zone: X22 #### Resource Data - Category: indicated - Tonnes: 98200000 - Grade: 0.85 - Grade Unit: g/t - Contained Metal: 2.7 - Contained Unit: moz - Cutoff Grade: 11.33 - Cutoff Unit: CA$/t RNF #### Prior Estimate - Resource Date: 2025-12-31 - Prior Cutoff Grade: 0.3 #### Metal Equivalent - Metal Eq. Grade: 0.46 - Metal Eq. Unit: g/t AuEq - Assumptions Disclosed: Yes #### Lab - Laboratory: AGP Mining Consultants Inc. #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-09T00:00:00.000Z Reasoning: The X22 Indicated silver resource adds to the project's polymetallic value, but the lowered cutoff grade is noted. - Positive factor: Indicated Resource category provides good confidence - Positive factor: Contributes to polymetallic value - Negative factor: Lowered resource cutoff grade compared to prior estimate Evidence · table > 0,85 Context: 98,2 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No QP/CP Disclosure** Polarity: negative Definition: No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience. Why it applies: no Qualified or Competent Person is named anywhere in the release ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/troilus-pre-sente-un-rapport-technique-mis-a-jour-a-la-suite-de-l-ache-vement-de--a428d408-6f57-48b2-9752-da13bc734ddd#fact-resource-facts-24) Troilus · gold #### Identity - Project: Troilus - Commodity: gold - Region: canada\_qc - Reported Region: Quebec, Canada - Ticker: TLG #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Paul Daigle, géo. - Resource group id: resource:edbaf9822fbba3adb118 - Deposit or zone: X22 #### Resource Data - Category: inferred - Tonnes: 3400000 - Grade: 0.35 - Grade Unit: g/t - Contained Metal: 0 - Contained Unit: moz - Cutoff Grade: 11.33 - Cutoff Unit: CA$/t RNF #### Prior Estimate - Resource Date: 2025-12-31 - Prior Cutoff Grade: 0.3 #### Metal Equivalent - Metal Eq. Grade: 0.4 - Metal Eq. Unit: g/t AuEq - Assumptions Disclosed: Yes #### Lab - Laboratory: AGP Mining Consultants Inc. #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-09T00:00:00.000Z Reasoning: The X22 Inferred gold resource contributes to the total resource, but its lower confidence category, lowered cutoff grade, and low gold grade are noted. - Positive factor: Adds to overall resource base - Negative factor: Inferred category has lower confidence - Negative factor: Lowered resource cutoff grade compared to prior estimate - Negative factor: Low gold grade for an open-pit operation Evidence · table > 0,35 Context: 3,4 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No QP/CP Disclosure** Polarity: negative Definition: No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience. Why it applies: no Qualified or Competent Person is named anywhere in the release ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/troilus-pre-sente-un-rapport-technique-mis-a-jour-a-la-suite-de-l-ache-vement-de--a428d408-6f57-48b2-9752-da13bc734ddd#fact-resource-facts-25) Troilus · copper #### Identity - Project: Troilus - Commodity: copper - Region: canada\_qc - Reported Region: Quebec, Canada - Ticker: TLG #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Paul Daigle, géo. - Resource group id: resource:edbaf9822fbba3adb118 - Deposit or zone: X22 #### Resource Data - Category: inferred - Tonnes: 3400000 - Grade: 0.032 - Grade Unit: % - Contained Metal: 2.4 - Contained Unit: mlb - Cutoff Grade: 11.33 - Cutoff Unit: CA$/t RNF #### Prior Estimate - Resource Date: 2025-12-31 - Prior Cutoff Grade: 0.3 #### Metal Equivalent - Metal Eq. Grade: 0.4 - Metal Eq. Unit: g/t AuEq - Assumptions Disclosed: Yes #### Lab - Laboratory: AGP Mining Consultants Inc. #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-09T00:00:00.000Z Reasoning: The X22 Inferred copper resource contributes to the total resource, but its lower confidence category and lowered cutoff grade are noted. - Positive factor: Adds to overall resource base - Negative factor: Inferred category has lower confidence - Negative factor: Lowered resource cutoff grade compared to prior estimate Evidence · table > 0,032 Context: 3,4 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No QP/CP Disclosure** Polarity: negative Definition: No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience. Why it applies: no Qualified or Competent Person is named anywhere in the release ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/troilus-pre-sente-un-rapport-technique-mis-a-jour-a-la-suite-de-l-ache-vement-de--a428d408-6f57-48b2-9752-da13bc734ddd#fact-resource-facts-26) Troilus · silver #### Identity - Project: Troilus - Commodity: silver - Region: canada\_qc - Reported Region: Quebec, Canada - Ticker: TLG #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Paul Daigle, géo. - Resource group id: resource:edbaf9822fbba3adb118 - Deposit or zone: X22 #### Resource Data - Category: inferred - Tonnes: 3400000 - Grade: 0.54 - Grade Unit: g/t - Contained Metal: 0.1 - Contained Unit: moz - Cutoff Grade: 11.33 - Cutoff Unit: CA$/t RNF #### Prior Estimate - Resource Date: 2025-12-31 - Prior Cutoff Grade: 0.3 #### Metal Equivalent - Metal Eq. Grade: 0.4 - Metal Eq. Unit: g/t AuEq - Assumptions Disclosed: Yes #### Lab - Laboratory: AGP Mining Consultants Inc. #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-09T00:00:00.000Z Reasoning: The X22 Inferred silver resource contributes to the total resource, but its lower confidence category and lowered cutoff grade are noted. - Positive factor: Adds to overall resource base - Negative factor: Inferred category has lower confidence - Negative factor: Lowered resource cutoff grade compared to prior estimate Evidence · table > 0,54 Context: 3,4 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No QP/CP Disclosure** Polarity: negative Definition: No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience. Why it applies: no Qualified or Competent Person is named anywhere in the release ### measured [Link to this fact](https://atlas-extractions.minestarters.com/news/troilus-pre-sente-un-rapport-technique-mis-a-jour-a-la-suite-de-l-ache-vement-de--a428d408-6f57-48b2-9752-da13bc734ddd#fact-resource-facts-27) Troilus · gold #### Identity - Project: Troilus - Commodity: gold - Region: canada\_qc - Reported Region: Quebec, Canada - Ticker: TLG #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Paul Daigle, géo. - Resource group id: resource:b1288f803d0ee059e4a6 - Deposit or zone: SW #### Resource Data - Category: measured - Tonnes: 81600000 - Grade: 0.35 - Grade Unit: g/t - Contained Metal: 0.9 - Contained Unit: moz - Cutoff Grade: 11.33 - Cutoff Unit: CA$/t RNF #### Prior Estimate - Resource Date: 2025-12-31 - Prior Cutoff Grade: 0.3 #### Metal Equivalent - Metal Eq. Grade: 0.42 - Metal Eq. Unit: g/t AuEq - Assumptions Disclosed: Yes #### Lab - Laboratory: AGP Mining Consultants Inc. #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-09T00:00:00.000Z Reasoning: The SW Measured gold resource provides high confidence and contributes to the overall resource, but the lowered cutoff grade and low gold grade are noted. - Positive factor: Measured Resource category provides highest confidence - Positive factor: Contributes to overall resource base - Negative factor: Lowered resource cutoff grade compared to prior estimate - Negative factor: Low gold grade for an open-pit operation Evidence · table > 0,35 Context: 81,6 #### Tags used in scoring **Measured Resource** Polarity: positive Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves. Why it applies: category is "measured" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No QP/CP Disclosure** Polarity: negative Definition: No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience. Why it applies: no Qualified or Competent Person is named anywhere in the release ### measured [Link to this fact](https://atlas-extractions.minestarters.com/news/troilus-pre-sente-un-rapport-technique-mis-a-jour-a-la-suite-de-l-ache-vement-de--a428d408-6f57-48b2-9752-da13bc734ddd#fact-resource-facts-28) Troilus · copper #### Identity - Project: Troilus - Commodity: copper - Region: canada\_qc - Reported Region: Quebec, Canada - Ticker: TLG #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Paul Daigle, géo. - Resource group id: resource:b1288f803d0ee059e4a6 - Deposit or zone: SW #### Resource Data - Category: measured - Tonnes: 81600000 - Grade: 0.042 - Grade Unit: % - Contained Metal: 76.4 - Contained Unit: mlb - Cutoff Grade: 11.33 - Cutoff Unit: CA$/t RNF #### Prior Estimate - Resource Date: 2025-12-31 - Prior Cutoff Grade: 0.3 #### Metal Equivalent - Metal Eq. Grade: 0.42 - Metal Eq. Unit: g/t AuEq - Assumptions Disclosed: Yes #### Lab - Laboratory: AGP Mining Consultants Inc. #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-09T00:00:00.000Z Reasoning: The SW Measured copper resource provides high confidence and contributes to the project's polymetallic value, but the lowered cutoff grade is noted. - Positive factor: Measured Resource category provides highest confidence - Positive factor: Contributes to polymetallic value - Negative factor: Lowered resource cutoff grade compared to prior estimate Evidence · table > 0,042 Context: 81,6 #### Tags used in scoring **Measured Resource** Polarity: positive Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves. Why it applies: category is "measured" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No QP/CP Disclosure** Polarity: negative Definition: No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience. Why it applies: no Qualified or Competent Person is named anywhere in the release ### measured [Link to this fact](https://atlas-extractions.minestarters.com/news/troilus-pre-sente-un-rapport-technique-mis-a-jour-a-la-suite-de-l-ache-vement-de--a428d408-6f57-48b2-9752-da13bc734ddd#fact-resource-facts-29) Troilus · silver #### Identity - Project: Troilus - Commodity: silver - Region: canada\_qc - Reported Region: Quebec, Canada - Ticker: TLG #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Paul Daigle, géo. - Resource group id: resource:b1288f803d0ee059e4a6 - Deposit or zone: SW #### Resource Data - Category: measured - Tonnes: 81600000 - Grade: 0.64 - Grade Unit: g/t - Contained Metal: 1.7 - Contained Unit: moz - Cutoff Grade: 11.33 - Cutoff Unit: CA$/t RNF #### Prior Estimate - Resource Date: 2025-12-31 - Prior Cutoff Grade: 0.3 #### Metal Equivalent - Metal Eq. Grade: 0.42 - Metal Eq. Unit: g/t AuEq - Assumptions Disclosed: Yes #### Lab - Laboratory: AGP Mining Consultants Inc. #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-09T00:00:00.000Z Reasoning: The SW Measured silver resource provides high confidence and contributes to the project's polymetallic value, but the lowered cutoff grade is noted. - Positive factor: Measured Resource category provides highest confidence - Positive factor: Contributes to polymetallic value - Negative factor: Lowered resource cutoff grade compared to prior estimate Evidence · table > 0,64 Context: 81,6 #### Tags used in scoring **Measured Resource** Polarity: positive Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves. Why it applies: category is "measured" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No QP/CP Disclosure** Polarity: negative Definition: No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience. Why it applies: no Qualified or Competent Person is named anywhere in the release ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/troilus-pre-sente-un-rapport-technique-mis-a-jour-a-la-suite-de-l-ache-vement-de--a428d408-6f57-48b2-9752-da13bc734ddd#fact-resource-facts-30) Troilus · gold #### Identity - Project: Troilus - Commodity: gold - Region: canada\_qc - Reported Region: Quebec, Canada - Ticker: TLG #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Paul Daigle, géo. - Resource group id: resource:03a3bb573eb5fe89e479 - Deposit or zone: SW #### Resource Data - Category: indicated - Tonnes: 34200000 - Grade: 0.34 - Grade Unit: g/t - Contained Metal: 0.4 - Contained Unit: moz - Cutoff Grade: 11.33 - Cutoff Unit: CA$/t RNF #### Prior Estimate - Resource Date: 2025-12-31 - Prior Cutoff Grade: 0.3 #### Metal Equivalent - Metal Eq. Grade: 0.41 - Metal Eq. Unit: g/t AuEq - Assumptions Disclosed: Yes #### Lab - Laboratory: AGP Mining Consultants Inc. #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-09T00:00:00.000Z Reasoning: The SW Indicated gold resource adds to the project's overall gold endowment, but the lowered cutoff grade and low gold grade are noted. - Positive factor: Indicated Resource category provides good confidence - Positive factor: Contributes to overall resource base - Negative factor: Lowered resource cutoff grade compared to prior estimate - Negative factor: Low gold grade for an open-pit operation Evidence · table > 0,34 Context: 34,2 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No QP/CP Disclosure** Polarity: negative Definition: No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience. Why it applies: no Qualified or Competent Person is named anywhere in the release ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/troilus-pre-sente-un-rapport-technique-mis-a-jour-a-la-suite-de-l-ache-vement-de--a428d408-6f57-48b2-9752-da13bc734ddd#fact-resource-facts-31) Troilus · copper #### Identity - Project: Troilus - Commodity: copper - Region: canada\_qc - Reported Region: Quebec, Canada - Ticker: TLG #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Paul Daigle, géo. - Resource group id: resource:03a3bb573eb5fe89e479 - Deposit or zone: SW #### Resource Data - Category: indicated - Tonnes: 34200000 - Grade: 0.043 - Grade Unit: % - Contained Metal: 32.3 - Contained Unit: mlb - Cutoff Grade: 11.33 - Cutoff Unit: CA$/t RNF #### Prior Estimate - Resource Date: 2025-12-31 - Prior Cutoff Grade: 0.3 #### Metal Equivalent - Metal Eq. Grade: 0.41 - Metal Eq. Unit: g/t AuEq - Assumptions Disclosed: Yes #### Lab - Laboratory: AGP Mining Consultants Inc. #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-09T00:00:00.000Z Reasoning: The SW Indicated copper resource adds to the project's polymetallic value, but the lowered cutoff grade is noted. - Positive factor: Indicated Resource category provides good confidence - Positive factor: Contributes to polymetallic value - Negative factor: Lowered resource cutoff grade compared to prior estimate Evidence · table > 0,043 Context: 34,2 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No QP/CP Disclosure** Polarity: negative Definition: No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience. Why it applies: no Qualified or Competent Person is named anywhere in the release ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/troilus-pre-sente-un-rapport-technique-mis-a-jour-a-la-suite-de-l-ache-vement-de--a428d408-6f57-48b2-9752-da13bc734ddd#fact-resource-facts-32) Troilus · silver #### Identity - Project: Troilus - Commodity: silver - Region: canada\_qc - Reported Region: Quebec, Canada - Ticker: TLG #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Paul Daigle, géo. - Resource group id: resource:03a3bb573eb5fe89e479 - Deposit or zone: SW #### Resource Data - Category: indicated - Tonnes: 34200000 - Grade: 0.86 - Grade Unit: g/t - Contained Metal: 1 - Contained Unit: moz - Cutoff Grade: 11.33 - Cutoff Unit: CA$/t RNF #### Prior Estimate - Resource Date: 2025-12-31 - Prior Cutoff Grade: 0.3 #### Metal Equivalent - Metal Eq. Grade: 0.41 - Metal Eq. Unit: g/t AuEq - Assumptions Disclosed: Yes #### Lab - Laboratory: AGP Mining Consultants Inc. #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-09T00:00:00.000Z Reasoning: The SW Indicated silver resource adds to the project's polymetallic value, but the lowered cutoff grade is noted. - Positive factor: Indicated Resource category provides good confidence - Positive factor: Contributes to polymetallic value - Negative factor: Lowered resource cutoff grade compared to prior estimate Evidence · table > 0,86 Context: 34,2 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No QP/CP Disclosure** Polarity: negative Definition: No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience. Why it applies: no Qualified or Competent Person is named anywhere in the release ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/troilus-pre-sente-un-rapport-technique-mis-a-jour-a-la-suite-de-l-ache-vement-de--a428d408-6f57-48b2-9752-da13bc734ddd#fact-resource-facts-33) Troilus · gold #### Identity - Project: Troilus - Commodity: gold - Region: canada\_qc - Reported Region: Quebec, Canada - Ticker: TLG #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Paul Daigle, géo. - Resource group id: resource:792f4ac42faa2b38c4ab - Deposit or zone: SW #### Resource Data - Category: inferred - Tonnes: 1400000 - Grade: 0.28 - Grade Unit: g/t - Contained Metal: 0 - Contained Unit: moz - Cutoff Grade: 11.33 - Cutoff Unit: CA$/t RNF #### Prior Estimate - Resource Date: 2025-12-31 - Prior Cutoff Grade: 0.3 #### Metal Equivalent - Metal Eq. Grade: 0.35 - Metal Eq. Unit: g/t AuEq - Assumptions Disclosed: Yes #### Lab - Laboratory: AGP Mining Consultants Inc. #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-09T00:00:00.000Z Reasoning: The SW Inferred gold resource contributes to the total resource, but its lower confidence category, lowered cutoff grade, and low gold grade are noted. - Positive factor: Adds to overall resource base - Negative factor: Inferred category has lower confidence - Negative factor: Lowered resource cutoff grade compared to prior estimate - Negative factor: Low gold grade for an open-pit operation Evidence · table > 0,28 Context: 1,4 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No QP/CP Disclosure** Polarity: negative Definition: No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience. Why it applies: no Qualified or Competent Person is named anywhere in the release ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/troilus-pre-sente-un-rapport-technique-mis-a-jour-a-la-suite-de-l-ache-vement-de--a428d408-6f57-48b2-9752-da13bc734ddd#fact-resource-facts-34) Troilus · copper #### Identity - Project: Troilus - Commodity: copper - Region: canada\_qc - Reported Region: Quebec, Canada - Ticker: TLG #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Paul Daigle, géo. - Resource group id: resource:792f4ac42faa2b38c4ab - Deposit or zone: SW #### Resource Data - Category: inferred - Tonnes: 1400000 - Grade: 0.037 - Grade Unit: % - Contained Metal: 1.1 - Contained Unit: mlb - Cutoff Grade: 11.33 - Cutoff Unit: CA$/t RNF #### Prior Estimate - Resource Date: 2025-12-31 - Prior Cutoff Grade: 0.3 #### Metal Equivalent - Metal Eq. Grade: 0.35 - Metal Eq. Unit: g/t AuEq - Assumptions Disclosed: Yes #### Lab - Laboratory: AGP Mining Consultants Inc. #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-09T00:00:00.000Z Reasoning: The SW Inferred copper resource contributes to the total resource, but its lower confidence category and lowered cutoff grade are noted. - Positive factor: Adds to overall resource base - Negative factor: Inferred category has lower confidence - Negative factor: Lowered resource cutoff grade compared to prior estimate Evidence · table > 0,037 Context: 1,4 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No QP/CP Disclosure** Polarity: negative Definition: No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience. Why it applies: no Qualified or Competent Person is named anywhere in the release ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/troilus-pre-sente-un-rapport-technique-mis-a-jour-a-la-suite-de-l-ache-vement-de--a428d408-6f57-48b2-9752-da13bc734ddd#fact-resource-facts-35) Troilus · silver #### Identity - Project: Troilus - Commodity: silver - Region: canada\_qc - Reported Region: Quebec, Canada - Ticker: TLG #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Paul Daigle, géo. - Resource group id: resource:792f4ac42faa2b38c4ab - Deposit or zone: SW #### Resource Data - Category: inferred - Tonnes: 1400000 - Grade: 0.98 - Grade Unit: g/t - Contained Metal: 0 - Contained Unit: moz - Cutoff Grade: 11.33 - Cutoff Unit: CA$/t RNF #### Prior Estimate - Resource Date: 2025-12-31 - Prior Cutoff Grade: 0.3 #### Metal Equivalent - Metal Eq. Grade: 0.35 - Metal Eq. Unit: g/t AuEq - Assumptions Disclosed: Yes #### Lab - Laboratory: AGP Mining Consultants Inc. #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-09T00:00:00.000Z Reasoning: The SW Inferred silver resource contributes to the total resource, but its lower confidence category and lowered cutoff grade are noted. - Positive factor: Adds to overall resource base - Negative factor: Inferred category has lower confidence - Negative factor: Lowered resource cutoff grade compared to prior estimate Evidence · table > 0,98 Context: 1,4 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No QP/CP Disclosure** Polarity: negative Definition: No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience. Why it applies: no Qualified or Competent Person is named anywhere in the release ### measured [Link to this fact](https://atlas-extractions.minestarters.com/news/troilus-pre-sente-un-rapport-technique-mis-a-jour-a-la-suite-de-l-ache-vement-de--a428d408-6f57-48b2-9752-da13bc734ddd#fact-resource-facts-36) Troilus · gold #### Identity - Project: Troilus - Commodity: gold - Region: canada\_qc - Reported Region: Quebec, Canada - Ticker: TLG #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Paul Daigle, géo. - Resource group id: resource:f35dd6fb113cc9543b61 - Deposit or zone: TOTALS – TOUTES LES ZONES #### Resource Data - Category: measured - Tonnes: 81600000 - Grade: 0.35 - Grade Unit: g/t - Contained Metal: 0.9 - Contained Unit: moz - Cutoff Grade: 11.33 - Cutoff Unit: CA$/t RNF #### Prior Estimate - Resource Date: 2025-12-31 - Prior Cutoff Grade: 0.3 #### Metal Equivalent - Metal Eq. Grade: 0.42 - Metal Eq. Unit: g/t AuEq - Assumptions Disclosed: Yes #### Lab - Laboratory: AGP Mining Consultants Inc. #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-09T00:00:00.000Z Reasoning: The total Measured gold resource provides high confidence and contributes to the overall resource, but the lowered cutoff grade and low gold grade are noted. - Positive factor: Measured Resource category provides highest confidence - Positive factor: Contributes to overall resource base - Negative factor: Lowered resource cutoff grade compared to prior estimate - Negative factor: Low gold grade for an open-pit operation Evidence · table > 0,35 Context: 81,6 #### Tags used in scoring **Measured Resource** Polarity: positive Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves. Why it applies: category is "measured" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No QP/CP Disclosure** Polarity: negative Definition: No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience. Why it applies: no Qualified or Competent Person is named anywhere in the release ### measured [Link to this fact](https://atlas-extractions.minestarters.com/news/troilus-pre-sente-un-rapport-technique-mis-a-jour-a-la-suite-de-l-ache-vement-de--a428d408-6f57-48b2-9752-da13bc734ddd#fact-resource-facts-37) Troilus · copper #### Identity - Project: Troilus - Commodity: copper - Region: canada\_qc - Reported Region: Quebec, Canada - Ticker: TLG #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Paul Daigle, géo. - Resource group id: resource:f35dd6fb113cc9543b61 - Deposit or zone: TOTALS – TOUTES LES ZONES #### Resource Data - Category: measured - Tonnes: 81600000 - Grade: 0.042 - Grade Unit: % - Contained Metal: 76.4 - Contained Unit: mlb - Cutoff Grade: 11.33 - Cutoff Unit: CA$/t RNF #### Prior Estimate - Resource Date: 2025-12-31 - Prior Cutoff Grade: 0.3 #### Metal Equivalent - Metal Eq. Grade: 0.42 - Metal Eq. Unit: g/t AuEq - Assumptions Disclosed: Yes #### Lab - Laboratory: AGP Mining Consultants Inc. #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-09T00:00:00.000Z Reasoning: The total Measured copper resource provides high confidence and contributes to the project's polymetallic value, but the lowered cutoff grade is noted. - Positive factor: Measured Resource category provides highest confidence - Positive factor: Contributes to polymetallic value - Negative factor: Lowered resource cutoff grade compared to prior estimate Evidence · table > 0,042 Context: 81,6 #### Tags used in scoring **Measured Resource** Polarity: positive Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves. Why it applies: category is "measured" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No QP/CP Disclosure** Polarity: negative Definition: No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience. Why it applies: no Qualified or Competent Person is named anywhere in the release ### measured [Link to this fact](https://atlas-extractions.minestarters.com/news/troilus-pre-sente-un-rapport-technique-mis-a-jour-a-la-suite-de-l-ache-vement-de--a428d408-6f57-48b2-9752-da13bc734ddd#fact-resource-facts-38) Troilus · silver #### Identity - Project: Troilus - Commodity: silver - Region: canada\_qc - Reported Region: Quebec, Canada - Ticker: TLG #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Paul Daigle, géo. - Resource group id: resource:f35dd6fb113cc9543b61 - Deposit or zone: TOTALS – TOUTES LES ZONES #### Resource Data - Category: measured - Tonnes: 81600000 - Grade: 0.64 - Grade Unit: g/t - Contained Metal: 1.7 - Contained Unit: moz - Cutoff Grade: 11.33 - Cutoff Unit: CA$/t RNF #### Prior Estimate - Resource Date: 2025-12-31 - Prior Cutoff Grade: 0.3 #### Metal Equivalent - Metal Eq. Grade: 0.42 - Metal Eq. Unit: g/t AuEq - Assumptions Disclosed: Yes #### Lab - Laboratory: AGP Mining Consultants Inc. #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-09T00:00:00.000Z Reasoning: The total Measured silver resource provides high confidence and contributes to the project's polymetallic value, but the lowered cutoff grade is noted. - Positive factor: Measured Resource category provides highest confidence - Positive factor: Contributes to polymetallic value - Negative factor: Lowered resource cutoff grade compared to prior estimate Evidence · table > 0,64 Context: 81,6 #### Tags used in scoring **Measured Resource** Polarity: positive Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves. Why it applies: category is "measured" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No QP/CP Disclosure** Polarity: negative Definition: No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience. Why it applies: no Qualified or Competent Person is named anywhere in the release ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/troilus-pre-sente-un-rapport-technique-mis-a-jour-a-la-suite-de-l-ache-vement-de--a428d408-6f57-48b2-9752-da13bc734ddd#fact-resource-facts-39) Troilus · gold #### Identity - Project: Troilus - Commodity: gold - Region: canada\_qc - Reported Region: Quebec, Canada - Ticker: TLG #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Paul Daigle, géo. - Resource group id: resource:210e906e6c0fe5b7dcdc - Deposit or zone: TOTALS – TOUTES LES ZONES #### Resource Data - Category: indicated - Tonnes: 728600000 - Grade: 0.39 - Grade Unit: g/t - Contained Metal: 9.2 - Contained Unit: moz - Cutoff Grade: 11.33 - Cutoff Unit: CA$/t RNF #### Prior Estimate - Resource Date: 2025-12-31 - Prior Cutoff Grade: 0.3 #### Metal Equivalent - Metal Eq. Grade: 0.47 - Metal Eq. Unit: g/t AuEq - Assumptions Disclosed: Yes #### Lab - Laboratory: AGP Mining Consultants Inc. #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-09T00:00:00.000Z Reasoning: The total Indicated gold resource contributes significantly to the project's overall gold endowment, but the lowered cutoff grade and low gold grade are noted. - Positive factor: Indicated Resource category provides good confidence - Positive factor: Significant contained gold in total indicated resources - Negative factor: Lowered resource cutoff grade compared to prior estimate - Negative factor: Low gold grade for an open-pit operation Evidence · table > 0,39 Context: 728,6 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No QP/CP Disclosure** Polarity: negative Definition: No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience. Why it applies: no Qualified or Competent Person is named anywhere in the release ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/troilus-pre-sente-un-rapport-technique-mis-a-jour-a-la-suite-de-l-ache-vement-de--a428d408-6f57-48b2-9752-da13bc734ddd#fact-resource-facts-40) Troilus · copper #### Identity - Project: Troilus - Commodity: copper - Region: canada\_qc - Reported Region: Quebec, Canada - Ticker: TLG #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Paul Daigle, géo. - Resource group id: resource:210e906e6c0fe5b7dcdc - Deposit or zone: TOTALS – TOUTES LES ZONES #### Resource Data - Category: indicated - Tonnes: 728600000 - Grade: 0.049 - Grade Unit: % - Contained Metal: 792.1 - Contained Unit: mlb - Cutoff Grade: 11.33 - Cutoff Unit: CA$/t RNF #### Prior Estimate - Resource Date: 2025-12-31 - Prior Cutoff Grade: 0.3 #### Metal Equivalent - Metal Eq. Grade: 0.47 - Metal Eq. Unit: g/t AuEq - Assumptions Disclosed: Yes #### Lab - Laboratory: AGP Mining Consultants Inc. #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-09T00:00:00.000Z Reasoning: The total Indicated copper resource adds substantial contained metal, contributing to the project's polymetallic value, but the lowered cutoff grade is noted. - Positive factor: Indicated Resource category provides good confidence - Positive factor: Significant contained copper in total indicated resources - Negative factor: Lowered resource cutoff grade compared to prior estimate Evidence · table > 0,049 Context: 728,6 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No QP/CP Disclosure** Polarity: negative Definition: No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience. Why it applies: no Qualified or Competent Person is named anywhere in the release ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/troilus-pre-sente-un-rapport-technique-mis-a-jour-a-la-suite-de-l-ache-vement-de--a428d408-6f57-48b2-9752-da13bc734ddd#fact-resource-facts-41) Troilus · silver #### Identity - Project: Troilus - Commodity: silver - Region: canada\_qc - Reported Region: Quebec, Canada - Ticker: TLG #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Paul Daigle, géo. - Resource group id: resource:210e906e6c0fe5b7dcdc - Deposit or zone: TOTALS – TOUTES LES ZONES #### Resource Data - Category: indicated - Tonnes: 728600000 - Grade: 0.84 - Grade Unit: g/t - Contained Metal: 19.6 - Contained Unit: moz - Cutoff Grade: 11.33 - Cutoff Unit: CA$/t RNF #### Prior Estimate - Resource Date: 2025-12-31 - Prior Cutoff Grade: 0.3 #### Metal Equivalent - Metal Eq. Grade: 0.47 - Metal Eq. Unit: g/t AuEq - Assumptions Disclosed: Yes #### Lab - Laboratory: AGP Mining Consultants Inc. #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-09T00:00:00.000Z Reasoning: The total Indicated silver resource adds substantial contained metal, contributing to the project's polymetallic value, but the lowered cutoff grade is noted. - Positive factor: Indicated Resource category provides good confidence - Positive factor: Significant contained silver in total indicated resources - Negative factor: Lowered resource cutoff grade compared to prior estimate Evidence · table > 0,84 Context: 728,6 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No QP/CP Disclosure** Polarity: negative Definition: No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience. Why it applies: no Qualified or Competent Person is named anywhere in the release ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/troilus-pre-sente-un-rapport-technique-mis-a-jour-a-la-suite-de-l-ache-vement-de--a428d408-6f57-48b2-9752-da13bc734ddd#fact-resource-facts-42) Troilus · gold #### Identity - Project: Troilus - Commodity: gold - Region: canada\_qc - Reported Region: Quebec, Canada - Ticker: TLG #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Paul Daigle, géo. - Resource group id: resource:cd27cced9544ca497a4d - Deposit or zone: TOTALS – TOUTES LES ZONES #### Resource Data - Category: indicated - Tonnes: 810200000 - Grade: 0.39 - Grade Unit: g/t - Contained Metal: 10.2 - Contained Unit: moz - Cutoff Grade: 11.33 - Cutoff Unit: CA$/t RNF #### Prior Estimate - Resource Date: 2025-12-31 - Prior Cutoff Grade: 0.3 #### Metal Equivalent - Metal Eq. Grade: 0.46 - Metal Eq. Unit: g/t AuEq - Assumptions Disclosed: Yes #### Lab - Laboratory: AGP Mining Consultants Inc. #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-09T00:00:00.000Z Reasoning: The total Measured + Indicated gold resource demonstrates high confidence and substantial contained metal, but the lowered cutoff grade and low gold grade are noted. - Positive factor: High Measured + Indicated confidence \(81.6%\) - Positive factor: Significant contained gold in M+I resources - Negative factor: Lowered resource cutoff grade compared to prior estimate - Negative factor: Low gold grade for an open-pit operation Evidence · table > 0,39 Context: 810,2 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No QP/CP Disclosure** Polarity: negative Definition: No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience. Why it applies: no Qualified or Competent Person is named anywhere in the release ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/troilus-pre-sente-un-rapport-technique-mis-a-jour-a-la-suite-de-l-ache-vement-de--a428d408-6f57-48b2-9752-da13bc734ddd#fact-resource-facts-43) Troilus · copper #### Identity - Project: Troilus - Commodity: copper - Region: canada\_qc - Reported Region: Quebec, Canada - Ticker: TLG #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Paul Daigle, géo. - Resource group id: resource:cd27cced9544ca497a4d - Deposit or zone: TOTALS – TOUTES LES ZONES #### Resource Data - Category: indicated - Tonnes: 810200000 - Grade: 0.049 - Grade Unit: % - Contained Metal: 868.5 - Contained Unit: mlb - Cutoff Grade: 11.33 - Cutoff Unit: CA$/t RNF #### Prior Estimate - Resource Date: 2025-12-31 - Prior Cutoff Grade: 0.3 #### Metal Equivalent - Metal Eq. Grade: 0.46 - Metal Eq. Unit: g/t AuEq - Assumptions Disclosed: Yes #### Lab - Laboratory: AGP Mining Consultants Inc. #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-09T00:00:00.000Z Reasoning: The total Measured + Indicated copper resource demonstrates high confidence and substantial contained metal, reinforcing the project's polymetallic value, but the lowered cutoff grade is noted. - Positive factor: High Measured + Indicated confidence \(81.6%\) - Positive factor: Significant contained copper in M+I resources - Negative factor: Lowered resource cutoff grade compared to prior estimate Evidence · table > 0,049 Context: 810,2 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No QP/CP Disclosure** Polarity: negative Definition: No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience. Why it applies: no Qualified or Competent Person is named anywhere in the release ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/troilus-pre-sente-un-rapport-technique-mis-a-jour-a-la-suite-de-l-ache-vement-de--a428d408-6f57-48b2-9752-da13bc734ddd#fact-resource-facts-44) Troilus · silver #### Identity - Project: Troilus - Commodity: silver - Region: canada\_qc - Reported Region: Quebec, Canada - Ticker: TLG #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Paul Daigle, géo. - Resource group id: resource:cd27cced9544ca497a4d - Deposit or zone: TOTALS – TOUTES LES ZONES #### Resource Data - Category: indicated - Tonnes: 810200000 - Grade: 0.82 - Grade Unit: g/t - Contained Metal: 21.3 - Contained Unit: moz - Cutoff Grade: 11.33 - Cutoff Unit: CA$/t RNF #### Prior Estimate - Resource Date: 2025-12-31 - Prior Cutoff Grade: 0.3 #### Metal Equivalent - Metal Eq. Grade: 0.46 - Metal Eq. Unit: g/t AuEq - Assumptions Disclosed: Yes #### Lab - Laboratory: AGP Mining Consultants Inc. #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-09T00:00:00.000Z Reasoning: The total Measured + Indicated silver resource demonstrates high confidence and substantial contained metal, further strengthening the project's polymetallic value, but the lowered cutoff grade is noted. - Positive factor: High Measured + Indicated confidence \(81.6%\) - Positive factor: Significant contained silver in M+I resources - Negative factor: Lowered resource cutoff grade compared to prior estimate Evidence · table > 0,82 Context: 810,2 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No QP/CP Disclosure** Polarity: negative Definition: No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience. Why it applies: no Qualified or Competent Person is named anywhere in the release ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/troilus-pre-sente-un-rapport-technique-mis-a-jour-a-la-suite-de-l-ache-vement-de--a428d408-6f57-48b2-9752-da13bc734ddd#fact-resource-facts-45) Troilus · gold #### Identity - Project: Troilus - Commodity: gold - Region: canada\_qc - Reported Region: Quebec, Canada - Ticker: TLG #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Paul Daigle, géo. - Resource group id: resource:c9a8b2bdb282b2d5ae68 - Deposit or zone: TOTALS – TOUTES LES ZONES #### Resource Data - Category: inferred - Tonnes: 182500000 - Grade: 0.34 - Grade Unit: g/t - Contained Metal: 2 - Contained Unit: moz - Cutoff Grade: 11.33 - Cutoff Unit: CA$/t RNF #### Prior Estimate - Resource Date: 2025-12-31 - Prior Cutoff Grade: 0.3 #### Metal Equivalent - Metal Eq. Grade: 0.41 - Metal Eq. Unit: g/t AuEq - Assumptions Disclosed: Yes #### Lab - Laboratory: AGP Mining Consultants Inc. #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-09T00:00:00.000Z Reasoning: The total Inferred gold resource contributes to the total resource, but its lower confidence category, lowered cutoff grade, and low gold grade are noted. - Positive factor: Adds to overall resource base - Negative factor: Inferred category has lower confidence - Negative factor: Lowered resource cutoff grade compared to prior estimate - Negative factor: Low gold grade for an open-pit operation Evidence · table > 0,34 Context: 182,5 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No QP/CP Disclosure** Polarity: negative Definition: No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience. Why it applies: no Qualified or Competent Person is named anywhere in the release ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/troilus-pre-sente-un-rapport-technique-mis-a-jour-a-la-suite-de-l-ache-vement-de--a428d408-6f57-48b2-9752-da13bc734ddd#fact-resource-facts-46) Troilus · copper #### Identity - Project: Troilus - Commodity: copper - Region: canada\_qc - Reported Region: Quebec, Canada - Ticker: TLG #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Paul Daigle, géo. - Resource group id: resource:c9a8b2bdb282b2d5ae68 - Deposit or zone: TOTALS – TOUTES LES ZONES #### Resource Data - Category: inferred - Tonnes: 182500000 - Grade: 0.044 - Grade Unit: % - Contained Metal: 177.8 - Contained Unit: mlb - Cutoff Grade: 11.33 - Cutoff Unit: CA$/t RNF #### Prior Estimate - Resource Date: 2025-12-31 - Prior Cutoff Grade: 0.3 #### Metal Equivalent - Metal Eq. Grade: 0.41 - Metal Eq. Unit: g/t AuEq - Assumptions Disclosed: Yes #### Lab - Laboratory: AGP Mining Consultants Inc. #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-09T00:00:00.000Z Reasoning: The total Inferred copper resource contributes to the total resource, but its lower confidence category and lowered cutoff grade are noted. - Positive factor: Adds to overall resource base - Negative factor: Inferred category has lower confidence - Negative factor: Lowered resource cutoff grade compared to prior estimate Evidence · table > 0,044 Context: 182,5 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No QP/CP Disclosure** Polarity: negative Definition: No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience. Why it applies: no Qualified or Competent Person is named anywhere in the release ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/troilus-pre-sente-un-rapport-technique-mis-a-jour-a-la-suite-de-l-ache-vement-de--a428d408-6f57-48b2-9752-da13bc734ddd#fact-resource-facts-47) Troilus · silver #### Identity - Project: Troilus - Commodity: silver - Region: canada\_qc - Reported Region: Quebec, Canada - Ticker: TLG #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Paul Daigle, géo. - Resource group id: resource:c9a8b2bdb282b2d5ae68 - Deposit or zone: TOTALS – TOUTES LES ZONES #### Resource Data - Category: inferred - Tonnes: 182500000 - Grade: 0.72 - Grade Unit: g/t - Contained Metal: 4.2 - Contained Unit: moz - Cutoff Grade: 11.33 - Cutoff Unit: CA$/t RNF #### Prior Estimate - Resource Date: 2025-12-31 - Prior Cutoff Grade: 0.3 #### Metal Equivalent - Metal Eq. Grade: 0.41 - Metal Eq. Unit: g/t AuEq - Assumptions Disclosed: Yes #### Lab - Laboratory: AGP Mining Consultants Inc. #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-09T00:00:00.000Z Reasoning: The total Inferred silver resource contributes to the total resource, but its lower confidence category and lowered cutoff grade are noted. - Positive factor: Adds to overall resource base - Negative factor: Inferred category has lower confidence - Negative factor: Lowered resource cutoff grade compared to prior estimate Evidence · table > 0,72 Context: 182,5 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No QP/CP Disclosure** Polarity: negative Definition: No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience. Why it applies: no Qualified or Competent Person is named anywhere in the release ## Metallurgical Results (3) ### flotation, gravity [Link to this fact](https://atlas-extractions.minestarters.com/news/troilus-pre-sente-un-rapport-technique-mis-a-jour-a-la-suite-de-l-ache-vement-de--a428d408-6f57-48b2-9752-da13bc734ddd#fact-metallurgical-facts-48) Troilus · gold #### Identity - Project: Troilus - Commodity: gold - Region: canada\_qc - Reported Region: Quebec, Canada - Ticker: TLG #### Test Work - Program Status: detailed - Test Type: flotation, gravity - Processing Route: crush, HPGR, ball mill, gravity, flotation #### Recovery - Recovery: 86.7 % - Recovery Basis: actual\_test - Head Grade: 0.44 - Head Grade Unit: g/t - Conc. Grade: 79.3 - Conc. Grade Unit: g/t #### Reagents - Reagent Notes: cyanide-free process #### Lab - Laboratory: BBA Inc. - Consultant: BBA Inc., AGP Mining Consultants Inc., WSP Canada Inc. #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-09T00:00:00.000Z Reasoning: The gold recovery is moderate for the chosen processing route, contributing positively to project economics, and the cyanide-free process is a favorable environmental aspect. - Positive factor: Moderate gold recovery for the processing route - Positive factor: Cyanide-free process indicates clean ore Evidence · text > taux de recouvrement moyens pendant la préproduction et la période d’exploitation minière active d’environ 86,7 % pour l’or #### Tags used in scoring **Mill Route** Polarity: neutral Definition: Processing via mill or concentrator \(CIL, CIP, tank leach, flotation\). Why it applies: processing\_route matches the flotation signal **Gravity Route** Polarity: neutral Definition: Gravity separation forms a material part of the flowsheet. Why it applies: processing\_route matches the gravity signal ### flotation, gravity [Link to this fact](https://atlas-extractions.minestarters.com/news/troilus-pre-sente-un-rapport-technique-mis-a-jour-a-la-suite-de-l-ache-vement-de--a428d408-6f57-48b2-9752-da13bc734ddd#fact-metallurgical-facts-49) Troilus · copper #### Identity - Project: Troilus - Commodity: copper - Region: canada\_qc - Reported Region: Quebec, Canada - Ticker: TLG #### Test Work - Program Status: detailed - Test Type: flotation, gravity - Processing Route: crush, HPGR, ball mill, gravity, flotation #### Recovery - Recovery: 89.6 % - Recovery Basis: actual\_test - Head Grade: 0.05 - Head Grade Unit: % - Conc. Grade: 15.5 - Conc. Grade Unit: % #### Reagents - Reagent Notes: cyanide-free process #### Lab - Laboratory: BBA Inc. - Consultant: BBA Inc., AGP Mining Consultants Inc., WSP Canada Inc. #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-09T00:00:00.000Z Reasoning: The strong copper recovery is a significant positive for the project's polymetallic economics, supported by a clean processing route. - Positive factor: Strong copper recovery for the processing route - Positive factor: Cyanide-free process indicates clean ore Evidence · text > 89,6 % pour le cuivre #### Tags used in scoring **Mill Route** Polarity: neutral Definition: Processing via mill or concentrator \(CIL, CIP, tank leach, flotation\). Why it applies: processing\_route matches the flotation signal **Gravity Route** Polarity: neutral Definition: Gravity separation forms a material part of the flowsheet. Why it applies: processing\_route matches the gravity signal ### flotation, gravity [Link to this fact](https://atlas-extractions.minestarters.com/news/troilus-pre-sente-un-rapport-technique-mis-a-jour-a-la-suite-de-l-ache-vement-de--a428d408-6f57-48b2-9752-da13bc734ddd#fact-metallurgical-facts-50) Troilus · silver #### Identity - Project: Troilus - Commodity: silver - Region: canada\_qc - Reported Region: Quebec, Canada - Ticker: TLG #### Test Work - Program Status: detailed - Test Type: flotation, gravity - Processing Route: crush, HPGR, ball mill, gravity, flotation #### Recovery - Recovery: 87.5 % - Recovery Basis: actual\_test - Head Grade: 0.92 - Head Grade Unit: g/t - Conc. Grade: 248 - Conc. Grade Unit: g/t #### Reagents - Reagent Notes: cyanide-free process #### Lab - Laboratory: BBA Inc. - Consultant: BBA Inc., AGP Mining Consultants Inc., WSP Canada Inc. #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-09T00:00:00.000Z Reasoning: The moderate silver recovery contributes positively to the project's polymetallic economics, and the cyanide-free process is a favorable environmental aspect. - Positive factor: Moderate silver recovery for the processing route - Positive factor: Cyanide-free process indicates clean ore Evidence · text > 87,5 % pour l’argent #### Tags used in scoring **Mill Route** Polarity: neutral Definition: Processing via mill or concentrator \(CIL, CIP, tank leach, flotation\). Why it applies: processing\_route matches the flotation signal **Gravity Route** Polarity: neutral Definition: Gravity separation forms a material part of the flowsheet. Why it applies: processing\_route matches the gravity signal ## How Atlas produces this analysis Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.