# Troilus Reports Updated Technical Report Following Completion of Basic Engineering, Delivering After-Tax US$3.2 Billion NPV5%, 22% IRR, and Cashflow of US$6.9 Billion at Base Case Gold Price of US $3,600/oz Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/troilus-reports-updated-technical-report-following-completion-of-basic-engineeri--239e9424-b7eb-4657-b4e8-6781dd769ed0 Original source: https://www.globenewswire.com/news-release/2026/09/09/3358491/0/en/troilus-reports-updated-technical-report-following-completion-of-basic-engineering-delivering-after-tax-us-3-2-billion-npv5-22-irr-and-cashflow-of-us-6-9-billion-at-base-case-gold-.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: Troilus Mining Corp. - Ticker: TLG - Exchange: Unavailable - Region: Quebec, Canada - Primary commodity: Gold - Secondary commodities: Copper, Silver - Document categories: Resource update, Metallurgy - Extracted: 2026-09-12 01:38:13 UTC Narrative sentiment: 0.90 · Bullish ## Minestarters Atlas summary Troilus Mining Corp. has released an updated NI 43-101 Technical Report for its gold-copper Troilus Project in Quebec, Canada, confirming robust economics with an after-tax NPV5% of US$3.2 billion and an IRR of 22%. The report, based on completed Basic Engineering, outlines a 26-year mine life and a 26% increase in Proven and Probable Mineral Reserve tonnage to 478 million tonnes. The project benefits from advanced engineering, market-validated pricing, and a cyanide-free processing flowsheet, positioning it as a significant North American gold-copper development. Reasoning: The updated NI 43-101 Technical Report for the Troilus Project confirms strong economics with a US$3.2 billion after-tax NPV5% and 22% IRR, extends mine life to 26 years, and increases Proven and Probable Mineral Reserve tonnage by 26% to 478 Mt. The report is based on completed Basic Engineering with AACE Class 3 accuracy, providing high confidence in the project's design and cost basis. - Positive factor: Large after-tax NPV and IRR - Positive factor: Extended mine life - Positive factor: Increased reserve tonnage - Positive factor: Improved strip ratio - Positive factor: Advanced engineering and cost definition \(AACE Class 3\) - Positive factor: QP/CP signed - Positive factor: NI 43-101 compliant - Positive factor: Strong leverage to metal prices - Positive factor: High metallurgical recoveries - Positive factor: Cyanide-free process flowsheet 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 document reports the results of an updated NI 43-101 Technical Report. Evidence · text > updated NI 43-101 Technical Report **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: The scientific and technical information has been reviewed and approved by Qualified Persons listed in Table 8. Evidence · text > The scientific and technical information in this news release relating to the Technical Report has been reviewed and approved by the applicable authors of the Technical Report listed in Table 8, including representatives of BBA Inc., WSP Canada Inc. and AGP Mining Consultants Inc., each of whom is a Qualified Person as defined under NI 43-101 independent of the Company. **Tonnage Growth** Polarity: positive Definition: Tonnage increase reaching the strong tier vs prior estimate, with grade maintained or improved. Why it applies: Reserve tonnage increased approximately 26% compared with the 2024 Feasibility Study Mineral Reserve estimate. Evidence · text > Reserve tonnage increased approximately 26% compared with the 2024 Feasibility Study Mineral Reserve estimate **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 increased reserve tonnage, combined with stable grades, indicates an increase in overall contained metal. Evidence · text > Mine plan underpinned by a Mineral Reserve estimate of 478 million tonnes grading 0.44 g/t gold, 0.05% copper and 0.92 g/t silver, comprising 6.7 million contained ounces of gold, 568 million contained pounds of copper and 14.2 million contained ounces of silver **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 updated estimate includes 81.6 million tonnes in the Measured category at the SW Zone. Evidence · text > The updated estimate includes 81.6 million tonnes in the Measured category at the SW Zone. **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: Measured and Indicated Mineral Resources total 810.2 million tonnes. Evidence · table > 810.2 Context: Meas. +Ind. **Proven Reserve** Polarity: positive Definition: Measured Resource with demonstrated economic viability after applying modifying factors. Why it applies: The Mineral Reserve estimate includes a Proven category of 49 Mt. Evidence · table > Proven Context: 49 **Probable Reserve** Polarity: positive Definition: Indicated Resource with demonstrated economic viability after applying modifying factors. Why it applies: The Mineral Reserve estimate includes a Probable category of 429 Mt. Evidence · table > Probable Context: 429 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: The document reports an updated NI 43-101 Technical Report and Mineral Resource Estimate. Evidence · text > updated NI 43-101 Technical Report **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: The report is based on completed Basic Engineering with AACE Class 3 accuracy, advancing towards Detailed Engineering and execution planning. Evidence · text > Basic Engineering has been completed across the full Project scope, procurement has advanced materially, and the vast majority of pricing inputs have been validated against current market quotations. This gives us significantly greater confidence in the Project design, cost basis and execution strategy as we advance through Detailed Engineering. **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: An NSR cut-off of C$11.84/t was used to define reserves and C$11.33/t for resources. Evidence · text > An NSR cut-off of C$11.84/t was used to define reserves. **High Recovery** Polarity: positive Definition: Recovery at or above the exceptional band for the commodity and processing route. Why it applies: Metallurgical testwork supports average recoveries of 86.7% for gold, 89.6% for copper and 87.5% for silver. Evidence · text > Metallurgical testwork supports average recoveries during pre-production and active mining of approximately 86.7% for gold, 89.6% for copper and 87.5% for silver **Mill Route** Polarity: neutral Definition: Processing via mill or concentrator \(CIL, CIP, tank leach, flotation\). Why it applies: Processing is based on a conventional flowsheet incorporating crushing, HPGRs, ball milling, gravity concentration and flotation. Evidence · text > Processing is based on a conventional flowsheet incorporating crushing, HPGRs, ball milling, gravity concentration and flotation **Gravity Route** Polarity: neutral Definition: Gravity separation forms a material part of the flowsheet. Why it applies: The processing flowsheet includes gravity concentration. Evidence · text > gravity concentration and flotation **Free Milling** Polarity: positive Definition: Simple, clean ore amenable to standard processing without oxidation. Why it applies: The project benefits from a cyanide-free process flowsheet and non-acid-generating waste rock. Evidence · text > The Project benefits from a cyanide-free process flowsheet and non-acid-generating waste rock ## 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-reports-updated-technical-report-following-completion-of-basic-engineeri--239e9424-b7eb-4657-b4e8-6781dd769ed0#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 - Effective date: 2025-12-31T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Gordon Zurowski - Resource group id: resource:a4f9b3fadecf61a60201 - Mining method: open\_pit #### Resource Data - Category: proven - Tonnes: 49000000 - Grade: 0.71 - Grade Unit: moz - Contained Metal: 0.83 - Contained Unit: moz - Cutoff Grade: 11.84 - Cutoff Unit: C$/t NSR #### 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 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-09T00:00:00.000Z Reasoning: This Proven gold equivalent reserve contributes to the overall increased reserve base and is part of a robust, NI 43-101 compliant estimate with disclosed cut-off grades and assumptions. - Positive factor: Proven Reserve - Positive factor: NI 43-101 Compliant - Positive factor: QP/CP Signed - Positive factor: Cut-off Disclosed Evidence · table > 0.71 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 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### proven [Link to this fact](https://atlas-extractions.minestarters.com/news/troilus-reports-updated-technical-report-following-completion-of-basic-engineeri--239e9424-b7eb-4657-b4e8-6781dd769ed0#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 - Effective date: 2025-12-31T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Gordon Zurowski - Resource group id: resource:a4f9b3fadecf61a60201 - Mining method: open\_pit #### Resource Data - Category: proven - Tonnes: 49000000 - Grade: 0.048 - Grade Unit: % - Contained Metal: 52 - Contained Unit: mlb - Cutoff Grade: 11.84 - Cutoff Unit: C$/t NSR #### 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 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-09T00:00:00.000Z Reasoning: This Proven copper reserve contributes to the overall increased reserve base and is part of a robust, NI 43-101 compliant estimate with disclosed cut-off grades. - Positive factor: Proven Reserve - Positive factor: NI 43-101 Compliant - Positive factor: QP/CP Signed - Positive factor: Cut-off Disclosed 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 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### proven [Link to this fact](https://atlas-extractions.minestarters.com/news/troilus-reports-updated-technical-report-following-completion-of-basic-engineeri--239e9424-b7eb-4657-b4e8-6781dd769ed0#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 - Effective date: 2025-12-31T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Gordon Zurowski - Resource group id: resource:a4f9b3fadecf61a60201 - Mining method: open\_pit #### Resource Data - Category: proven - Tonnes: 49000000 - Grade: 1.1 - Grade Unit: moz - Contained Metal: 1.1 - Contained Unit: moz - Cutoff Grade: 11.84 - Cutoff Unit: C$/t NSR #### 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 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-09T00:00:00.000Z Reasoning: This Proven silver reserve contributes to the overall increased reserve base and is part of a robust, NI 43-101 compliant estimate with disclosed cut-off grades. - Positive factor: Proven Reserve - Positive factor: NI 43-101 Compliant - Positive factor: QP/CP Signed - Positive factor: Cut-off Disclosed Evidence · table > 1.10 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 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### probable [Link to this fact](https://atlas-extractions.minestarters.com/news/troilus-reports-updated-technical-report-following-completion-of-basic-engineeri--239e9424-b7eb-4657-b4e8-6781dd769ed0#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 - Effective date: 2025-12-31T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Gordon Zurowski - Resource group id: resource:03201886fced2c5a96dd - Mining method: open\_pit #### Resource Data - Category: probable - Tonnes: 429000000 - Grade: 5.98 - Grade Unit: moz - Contained Metal: 7.18 - Contained Unit: moz - Cutoff Grade: 11.84 - Cutoff Unit: C$/t NSR #### 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 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-09T00:00:00.000Z Reasoning: This Probable gold equivalent reserve forms the majority of the increased reserve base and is part of a robust, NI 43-101 compliant estimate with disclosed cut-off grades and assumptions. - Positive factor: Probable Reserve - Positive factor: NI 43-101 Compliant - Positive factor: QP/CP Signed - Positive factor: Cut-off Disclosed Evidence · table > 5.98 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 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### probable [Link to this fact](https://atlas-extractions.minestarters.com/news/troilus-reports-updated-technical-report-following-completion-of-basic-engineeri--239e9424-b7eb-4657-b4e8-6781dd769ed0#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 - Effective date: 2025-12-31T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Gordon Zurowski - Resource group id: resource:03201886fced2c5a96dd - Mining method: open\_pit #### Resource Data - Category: probable - Tonnes: 429000000 - Grade: 0.055 - Grade Unit: % - Contained Metal: 517 - Contained Unit: mlb - Cutoff Grade: 11.84 - Cutoff Unit: C$/t NSR #### 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 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-09T00:00:00.000Z Reasoning: This Probable copper reserve forms the majority of the increased reserve base and is part of a robust, NI 43-101 compliant estimate with disclosed cut-off grades. - Positive factor: Probable Reserve - Positive factor: NI 43-101 Compliant - Positive factor: QP/CP Signed - Positive factor: Cut-off Disclosed 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 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### probable [Link to this fact](https://atlas-extractions.minestarters.com/news/troilus-reports-updated-technical-report-following-completion-of-basic-engineeri--239e9424-b7eb-4657-b4e8-6781dd769ed0#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 - Effective date: 2025-12-31T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Gordon Zurowski - Resource group id: resource:03201886fced2c5a96dd - Mining method: open\_pit #### Resource Data - Category: probable - Tonnes: 429000000 - Grade: 13.12 - Grade Unit: moz - Contained Metal: 13.12 - Contained Unit: moz - Cutoff Grade: 11.84 - Cutoff Unit: C$/t NSR #### 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 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-09T00:00:00.000Z Reasoning: This Probable silver reserve forms the majority of the increased reserve base and is part of a robust, NI 43-101 compliant estimate with disclosed cut-off grades. - Positive factor: Probable Reserve - Positive factor: NI 43-101 Compliant - Positive factor: QP/CP Signed - Positive factor: Cut-off Disclosed Evidence · table > 13.12 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 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### probable [Link to this fact](https://atlas-extractions.minestarters.com/news/troilus-reports-updated-technical-report-following-completion-of-basic-engineeri--239e9424-b7eb-4657-b4e8-6781dd769ed0#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 - Effective date: 2025-12-31T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Gordon Zurowski - Resource group id: resource:e7dc1693731880eb2723 - Mining method: open\_pit #### Resource Data - Category: probable - Tonnes: 478000000 - Grade: 6.69 - Grade Unit: moz - Contained Metal: 8.01 - Contained Unit: moz - Cutoff Grade: 11.84 - Cutoff Unit: C$/t NSR #### 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 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-09T00:00:00.000Z Reasoning: The total Proven and Probable gold equivalent reserve shows significant tonnage and contained metal growth, reinforcing the project's economic viability and confidence in the estimate with disclosed assumptions. - Positive factor: Probable Reserve - Positive factor: Tonnage Growth - Positive factor: Contained Metal Growth - Positive factor: NI 43-101 Compliant - Positive factor: QP/CP Signed - Positive factor: Cut-off Disclosed Evidence · table > 6.69 Context: 478 #### 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 **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 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### probable [Link to this fact](https://atlas-extractions.minestarters.com/news/troilus-reports-updated-technical-report-following-completion-of-basic-engineeri--239e9424-b7eb-4657-b4e8-6781dd769ed0#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 - Effective date: 2025-12-31T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Gordon Zurowski - Resource group id: resource:e7dc1693731880eb2723 - Mining method: open\_pit #### Resource Data - Category: probable - Tonnes: 478000000 - Grade: 0.054 - Grade Unit: % - Contained Metal: 568 - Contained Unit: mlb - Cutoff Grade: 11.84 - Cutoff Unit: C$/t NSR #### 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 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-09T00:00:00.000Z Reasoning: The total Proven and Probable copper reserve shows significant tonnage and contained metal growth, reinforcing the project's economic viability and confidence in the estimate. - Positive factor: Probable Reserve - Positive factor: Tonnage Growth - Positive factor: Contained Metal Growth - Positive factor: NI 43-101 Compliant - Positive factor: QP/CP Signed - Positive factor: Cut-off Disclosed Evidence · table > 0.054 Context: 478 #### 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 **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 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### probable [Link to this fact](https://atlas-extractions.minestarters.com/news/troilus-reports-updated-technical-report-following-completion-of-basic-engineeri--239e9424-b7eb-4657-b4e8-6781dd769ed0#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 - Effective date: 2025-12-31T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Gordon Zurowski - Resource group id: resource:e7dc1693731880eb2723 - Mining method: open\_pit #### Resource Data - Category: probable - Tonnes: 478000000 - Grade: 14.22 - Grade Unit: moz - Contained Metal: 14.22 - Contained Unit: moz - Cutoff Grade: 11.84 - Cutoff Unit: C$/t NSR #### 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 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-09T00:00:00.000Z Reasoning: The total Proven and Probable silver reserve shows significant tonnage and contained metal growth, reinforcing the project's economic viability and confidence in the estimate. - Positive factor: Probable Reserve - Positive factor: Tonnage Growth - Positive factor: Contained Metal Growth - Positive factor: NI 43-101 Compliant - Positive factor: QP/CP Signed - Positive factor: Cut-off Disclosed Evidence · table > 14.22 Context: 478 #### 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 **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 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/troilus-reports-updated-technical-report-following-completion-of-basic-engineeri--239e9424-b7eb-4657-b4e8-6781dd769ed0#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 - Effective date: 2025-12-31T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Paul Daigle - Resource group id: resource:ff067d78f12631c774b1 - Deposit or zone: Z87 - Mining method: open\_pit #### Resource Data - Category: indicated - Tonnes: 323000000 - Grade: 4.6 - Grade Unit: moz - Contained Metal: 5.4 - Contained Unit: moz - Cutoff Grade: 11.33 - Cutoff Unit: C$/t NSR #### Prior Estimate - Resource Date: 2025-12-31 #### Metal Equivalent - Metal Eq. Grade: 5.4 - Metal Eq. Unit: moz AuEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-09T00:00:00.000Z Reasoning: This Indicated gold equivalent resource for the Z87 zone contributes significantly to the overall resource base, with transparent reporting standards, cut-off grades, and disclosed assumptions. - Positive factor: Indicated Resource - Positive factor: NI 43-101 Compliant - Positive factor: QP/CP Signed - Positive factor: Cut-off Disclosed Evidence · table > 4.6 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 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/troilus-reports-updated-technical-report-following-completion-of-basic-engineeri--239e9424-b7eb-4657-b4e8-6781dd769ed0#fact-resource-facts-10) Troilus Project · copper #### Identity - Project: Troilus Project - Commodity: copper - Region: canada\_qc - Reported Region: Quebec, Canada - Ticker: TLG #### Resource scope - Estimate type: resource - Effective date: 2025-12-31T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Paul Daigle - Resource group id: resource:e6aaeea1ecf8fdeff75a - Deposit or zone: Z87 - Mining method: open\_pit #### Resource Data - Category: indicated - Tonnes: 323000000 - Grade: 0.052 - Grade Unit: % - Contained Metal: 372.7 - Contained Unit: mlb - Cutoff Grade: 11.33 - Cutoff Unit: C$/t NSR #### Prior Estimate - Resource Date: 2025-12-31 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-09T00:00:00.000Z Reasoning: This Indicated copper resource for the Z87 zone contributes significantly to the overall resource base, with transparent reporting standards and cut-off grades. - Positive factor: Indicated Resource - Positive factor: NI 43-101 Compliant - Positive factor: QP/CP Signed - Positive factor: Cut-off Disclosed 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 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/troilus-reports-updated-technical-report-following-completion-of-basic-engineeri--239e9424-b7eb-4657-b4e8-6781dd769ed0#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 - Effective date: 2025-12-31T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Paul Daigle - Resource group id: resource:ff067d78f12631c774b1 - Deposit or zone: Z87 - Mining method: open\_pit #### Resource Data - Category: indicated - Tonnes: 323000000 - Grade: 9.5 - Grade Unit: moz - Contained Metal: 9.5 - Contained Unit: moz - Cutoff Grade: 11.33 - Cutoff Unit: C$/t NSR #### Prior Estimate - Resource Date: 2025-12-31 #### Metal Equivalent - Metal Eq. Grade: 5.4 - Metal Eq. Unit: moz AuEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-09T00:00:00.000Z Reasoning: This Indicated silver resource for the Z87 zone contributes significantly to the overall resource base, with transparent reporting standards and cut-off grades. - Positive factor: Indicated Resource - Positive factor: NI 43-101 Compliant - Positive factor: QP/CP Signed - Positive factor: Cut-off Disclosed Evidence · table > 9.5 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 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/troilus-reports-updated-technical-report-following-completion-of-basic-engineeri--239e9424-b7eb-4657-b4e8-6781dd769ed0#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 - Effective date: 2025-12-31T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Paul Daigle - Resource group id: resource:34dde11ea27ff2e00c4d - Deposit or zone: Z87 - Mining method: open\_pit #### Resource Data - Category: inferred - Tonnes: 140000000 - Grade: 1.6 - Grade Unit: moz - Contained Metal: 1.9 - Contained Unit: moz - Cutoff Grade: 11.33 - Cutoff Unit: C$/t NSR #### Prior Estimate - Resource Date: 2025-12-31 #### Metal Equivalent - Metal Eq. Grade: 1.9 - Metal Eq. Unit: moz AuEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-09T00:00:00.000Z Reasoning: This Inferred gold equivalent resource for the Z87 zone provides additional potential but has lower geological confidence compared to higher categories, with disclosed assumptions. - Positive factor: NI 43-101 Compliant - Positive factor: QP/CP Signed - Positive factor: Cut-off Disclosed - Negative factor: Inferred Resource Evidence · table > 1.6 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 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/troilus-reports-updated-technical-report-following-completion-of-basic-engineeri--239e9424-b7eb-4657-b4e8-6781dd769ed0#fact-resource-facts-13) Troilus Project · copper #### Identity - Project: Troilus Project - Commodity: copper - Region: canada\_qc - Reported Region: Quebec, Canada - Ticker: TLG #### Resource scope - Estimate type: resource - Effective date: 2025-12-31T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Paul Daigle - Resource group id: resource:0525272ad638bb2d2ac5 - Deposit or zone: Z87 - Mining method: open\_pit #### Resource Data - Category: inferred - Tonnes: 140000000 - Grade: 0.045 - Grade Unit: % - Contained Metal: 140.2 - Contained Unit: mlb - Cutoff Grade: 11.33 - Cutoff Unit: C$/t NSR #### Prior Estimate - Resource Date: 2025-12-31 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-09T00:00:00.000Z Reasoning: This Inferred copper resource for the Z87 zone provides additional potential but has lower geological confidence compared to higher categories. - Positive factor: NI 43-101 Compliant - Positive factor: QP/CP Signed - Positive factor: Cut-off Disclosed - Negative factor: Inferred Resource 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 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/troilus-reports-updated-technical-report-following-completion-of-basic-engineeri--239e9424-b7eb-4657-b4e8-6781dd769ed0#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 - Effective date: 2025-12-31T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Paul Daigle - Resource group id: resource:34dde11ea27ff2e00c4d - Deposit or zone: Z87 - Mining method: open\_pit #### Resource Data - Category: inferred - Tonnes: 140000000 - Grade: 3.4 - Grade Unit: moz - Contained Metal: 3.4 - Contained Unit: moz - Cutoff Grade: 11.33 - Cutoff Unit: C$/t NSR #### Prior Estimate - Resource Date: 2025-12-31 #### Metal Equivalent - Metal Eq. Grade: 1.9 - Metal Eq. Unit: moz AuEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-09T00:00:00.000Z Reasoning: This Inferred silver resource for the Z87 zone provides additional potential but has lower geological confidence compared to higher categories. - Positive factor: NI 43-101 Compliant - Positive factor: QP/CP Signed - Positive factor: Cut-off Disclosed - Negative factor: Inferred Resource Evidence · table > 3.4 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 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/troilus-reports-updated-technical-report-following-completion-of-basic-engineeri--239e9424-b7eb-4657-b4e8-6781dd769ed0#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 - Effective date: 2025-12-31T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Paul Daigle - Resource group id: resource:b47ac14bf61db90a958e - Deposit or zone: JZ - Mining method: open\_pit #### Resource Data - Category: indicated - Tonnes: 273100000 - Grade: 3 - Grade Unit: moz - Contained Metal: 3.7 - Contained Unit: moz - Cutoff Grade: 11.33 - Cutoff Unit: C$/t NSR #### Prior Estimate - Resource Date: 2025-12-31 #### Metal Equivalent - Metal Eq. Grade: 3.7 - Metal Eq. Unit: moz AuEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-09T00:00:00.000Z Reasoning: This Indicated gold equivalent resource for the JZ zone contributes significantly to the overall resource base, with transparent reporting standards, cut-off grades, and disclosed assumptions. - Positive factor: Indicated Resource - Positive factor: NI 43-101 Compliant - Positive factor: QP/CP Signed - Positive factor: Cut-off Disclosed Evidence · table > 3.0 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 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/troilus-reports-updated-technical-report-following-completion-of-basic-engineeri--239e9424-b7eb-4657-b4e8-6781dd769ed0#fact-resource-facts-16) Troilus Project · copper #### Identity - Project: Troilus Project - Commodity: copper - Region: canada\_qc - Reported Region: Quebec, Canada - Ticker: TLG #### Resource scope - Estimate type: resource - Effective date: 2025-12-31T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Paul Daigle - Resource group id: resource:bad8316b75bba0bad7df - Deposit or zone: JZ - Mining method: open\_pit #### Resource Data - Category: indicated - Tonnes: 273100000 - Grade: 0.049 - Grade Unit: % - Contained Metal: 296.9 - Contained Unit: mlb - Cutoff Grade: 11.33 - Cutoff Unit: C$/t NSR #### Prior Estimate - Resource Date: 2025-12-31 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-09T00:00:00.000Z Reasoning: This Indicated copper resource for the JZ zone contributes significantly to the overall resource base, with transparent reporting standards and cut-off grades. - Positive factor: Indicated Resource - Positive factor: NI 43-101 Compliant - Positive factor: QP/CP Signed - Positive factor: Cut-off Disclosed 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 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/troilus-reports-updated-technical-report-following-completion-of-basic-engineeri--239e9424-b7eb-4657-b4e8-6781dd769ed0#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 - Effective date: 2025-12-31T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Paul Daigle - Resource group id: resource:b47ac14bf61db90a958e - Deposit or zone: JZ - Mining method: open\_pit #### Resource Data - Category: indicated - Tonnes: 273100000 - Grade: 6.6 - Grade Unit: moz - Contained Metal: 6.6 - Contained Unit: moz - Cutoff Grade: 11.33 - Cutoff Unit: C$/t NSR #### Prior Estimate - Resource Date: 2025-12-31 #### Metal Equivalent - Metal Eq. Grade: 3.7 - Metal Eq. Unit: moz AuEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-09T00:00:00.000Z Reasoning: This Indicated silver resource for the JZ zone contributes significantly to the overall resource base, with transparent reporting standards and cut-off grades. - Positive factor: Indicated Resource - Positive factor: NI 43-101 Compliant - Positive factor: QP/CP Signed - Positive factor: Cut-off Disclosed Evidence · table > 6.6 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 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/troilus-reports-updated-technical-report-following-completion-of-basic-engineeri--239e9424-b7eb-4657-b4e8-6781dd769ed0#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 - Effective date: 2025-12-31T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Paul Daigle - Resource group id: resource:83fef0357f82ae61c0b9 - Deposit or zone: JZ - Mining method: open\_pit #### Resource Data - Category: inferred - Tonnes: 37800000 - Grade: 0.3 - Grade Unit: moz - Contained Metal: 0.4 - Contained Unit: moz - Cutoff Grade: 11.33 - Cutoff Unit: C$/t NSR #### Prior Estimate - Resource Date: 2025-12-31 #### Metal Equivalent - Metal Eq. Grade: 0.4 - Metal Eq. Unit: moz AuEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-09T00:00:00.000Z Reasoning: This Inferred gold equivalent resource for the JZ zone provides additional potential but has lower geological confidence compared to higher categories, with disclosed assumptions. - Positive factor: NI 43-101 Compliant - Positive factor: QP/CP Signed - Positive factor: Cut-off Disclosed - Negative factor: Inferred Resource Evidence · table > 0.3 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 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/troilus-reports-updated-technical-report-following-completion-of-basic-engineeri--239e9424-b7eb-4657-b4e8-6781dd769ed0#fact-resource-facts-19) Troilus Project · copper #### Identity - Project: Troilus Project - Commodity: copper - Region: canada\_qc - Reported Region: Quebec, Canada - Ticker: TLG #### Resource scope - Estimate type: resource - Effective date: 2025-12-31T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Paul Daigle - Resource group id: resource:94f5acb54aa6a5f289bb - Deposit or zone: JZ - Mining method: open\_pit #### Resource Data - Category: inferred - Tonnes: 37800000 - Grade: 0.041 - Grade Unit: % - Contained Metal: 34 - Contained Unit: mlb - Cutoff Grade: 11.33 - Cutoff Unit: C$/t NSR #### Prior Estimate - Resource Date: 2025-12-31 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-09T00:00:00.000Z Reasoning: This Inferred copper resource for the JZ zone provides additional potential but has lower geological confidence compared to higher categories. - Positive factor: NI 43-101 Compliant - Positive factor: QP/CP Signed - Positive factor: Cut-off Disclosed - Negative factor: Inferred Resource 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 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/troilus-reports-updated-technical-report-following-completion-of-basic-engineeri--239e9424-b7eb-4657-b4e8-6781dd769ed0#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 - Effective date: 2025-12-31T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Paul Daigle - Resource group id: resource:83fef0357f82ae61c0b9 - Deposit or zone: JZ - Mining method: open\_pit #### Resource Data - Category: inferred - Tonnes: 37800000 - Grade: 0.7 - Grade Unit: moz - Contained Metal: 0.7 - Contained Unit: moz - Cutoff Grade: 11.33 - Cutoff Unit: C$/t NSR #### Prior Estimate - Resource Date: 2025-12-31 #### Metal Equivalent - Metal Eq. Grade: 0.4 - Metal Eq. Unit: moz AuEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-09T00:00:00.000Z Reasoning: This Inferred silver resource for the JZ zone provides additional potential but has lower geological confidence compared to higher categories. - Positive factor: NI 43-101 Compliant - Positive factor: QP/CP Signed - Positive factor: Cut-off Disclosed - Negative factor: Inferred Resource Evidence · table > 0.7 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 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/troilus-reports-updated-technical-report-following-completion-of-basic-engineeri--239e9424-b7eb-4657-b4e8-6781dd769ed0#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 - Effective date: 2025-12-31T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Paul Daigle - Resource group id: resource:b5b21d61d93ad748b026 - Deposit or zone: X22 - Mining method: open\_pit #### Resource Data - Category: indicated - Tonnes: 98200000 - Grade: 1.2 - Grade Unit: moz - Contained Metal: 1.4 - Contained Unit: moz - Cutoff Grade: 11.33 - Cutoff Unit: C$/t NSR #### Prior Estimate - Resource Date: 2025-12-31 #### Metal Equivalent - Metal Eq. Grade: 1.4 - Metal Eq. Unit: moz AuEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-09T00:00:00.000Z Reasoning: This Indicated gold equivalent resource for the X22 zone contributes significantly to the overall resource base, with transparent reporting standards, cut-off grades, and disclosed assumptions. - Positive factor: Indicated Resource - Positive factor: NI 43-101 Compliant - Positive factor: QP/CP Signed - Positive factor: Cut-off Disclosed Evidence · table > 1.2 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 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/troilus-reports-updated-technical-report-following-completion-of-basic-engineeri--239e9424-b7eb-4657-b4e8-6781dd769ed0#fact-resource-facts-22) Troilus Project · copper #### Identity - Project: Troilus Project - Commodity: copper - Region: canada\_qc - Reported Region: Quebec, Canada - Ticker: TLG #### Resource scope - Estimate type: resource - Effective date: 2025-12-31T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Paul Daigle - Resource group id: resource:af7b8e140b9c52fd698f - Deposit or zone: X22 - Mining method: open\_pit #### Resource Data - Category: indicated - Tonnes: 98200000 - Grade: 0.042 - Grade Unit: % - Contained Metal: 90.2 - Contained Unit: mlb - Cutoff Grade: 11.33 - Cutoff Unit: C$/t NSR #### Prior Estimate - Resource Date: 2025-12-31 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-09T00:00:00.000Z Reasoning: This Indicated copper resource for the X22 zone contributes significantly to the overall resource base, with transparent reporting standards and cut-off grades. - Positive factor: Indicated Resource - Positive factor: NI 43-101 Compliant - Positive factor: QP/CP Signed - Positive factor: Cut-off Disclosed 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 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/troilus-reports-updated-technical-report-following-completion-of-basic-engineeri--239e9424-b7eb-4657-b4e8-6781dd769ed0#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 - Effective date: 2025-12-31T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Paul Daigle - Resource group id: resource:b5b21d61d93ad748b026 - Deposit or zone: X22 - Mining method: open\_pit #### Resource Data - Category: indicated - Tonnes: 98200000 - Grade: 2.7 - Grade Unit: moz - Contained Metal: 2.7 - Contained Unit: moz - Cutoff Grade: 11.33 - Cutoff Unit: C$/t NSR #### Prior Estimate - Resource Date: 2025-12-31 #### Metal Equivalent - Metal Eq. Grade: 1.4 - Metal Eq. Unit: moz AuEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-09T00:00:00.000Z Reasoning: This Indicated silver resource for the X22 zone contributes significantly to the overall resource base, with transparent reporting standards and cut-off grades. - Positive factor: Indicated Resource - Positive factor: NI 43-101 Compliant - Positive factor: QP/CP Signed - Positive factor: Cut-off Disclosed Evidence · table > 2.7 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 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/troilus-reports-updated-technical-report-following-completion-of-basic-engineeri--239e9424-b7eb-4657-b4e8-6781dd769ed0#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 - Effective date: 2025-12-31T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Paul Daigle - Resource group id: resource:7f0d0deafbaaf435c4c8 - Deposit or zone: X22 - Mining method: open\_pit #### Resource Data - Category: inferred - Tonnes: 3400000 - Grade: 0 - Grade Unit: moz - Contained Metal: 0 - Contained Unit: moz - Cutoff Grade: 11.33 - Cutoff Unit: C$/t NSR #### Prior Estimate - Resource Date: 2025-12-31 #### Metal Equivalent - Metal Eq. Grade: 0 - Metal Eq. Unit: moz AuEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-09T00:00:00.000Z Reasoning: This Inferred gold equivalent resource for the X22 zone provides additional potential but has lower geological confidence compared to higher categories, with disclosed assumptions. - Positive factor: NI 43-101 Compliant - Positive factor: QP/CP Signed - Positive factor: Cut-off Disclosed - Negative factor: Inferred Resource Evidence · table > 0.0 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 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/troilus-reports-updated-technical-report-following-completion-of-basic-engineeri--239e9424-b7eb-4657-b4e8-6781dd769ed0#fact-resource-facts-25) Troilus Project · copper #### Identity - Project: Troilus Project - Commodity: copper - Region: canada\_qc - Reported Region: Quebec, Canada - Ticker: TLG #### Resource scope - Estimate type: resource - Effective date: 2025-12-31T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Paul Daigle - Resource group id: resource:bd3f944959f786f7b53d - Deposit or zone: X22 - Mining method: open\_pit #### Resource Data - Category: inferred - Tonnes: 3400000 - Grade: 0.032 - Grade Unit: % - Contained Metal: 2.4 - Contained Unit: mlb - Cutoff Grade: 11.33 - Cutoff Unit: C$/t NSR #### Prior Estimate - Resource Date: 2025-12-31 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-09T00:00:00.000Z Reasoning: This Inferred copper resource for the X22 zone provides additional potential but has lower geological confidence compared to higher categories. - Positive factor: NI 43-101 Compliant - Positive factor: QP/CP Signed - Positive factor: Cut-off Disclosed - Negative factor: Inferred Resource 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 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/troilus-reports-updated-technical-report-following-completion-of-basic-engineeri--239e9424-b7eb-4657-b4e8-6781dd769ed0#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 - Effective date: 2025-12-31T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Paul Daigle - Resource group id: resource:7f0d0deafbaaf435c4c8 - Deposit or zone: X22 - Mining method: open\_pit #### Resource Data - Category: inferred - Tonnes: 3400000 - Grade: 0.1 - Grade Unit: moz - Contained Metal: 0.1 - Contained Unit: moz - Cutoff Grade: 11.33 - Cutoff Unit: C$/t NSR #### Prior Estimate - Resource Date: 2025-12-31 #### Metal Equivalent - Metal Eq. Grade: 0 - Metal Eq. Unit: moz AuEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-09T00:00:00.000Z Reasoning: This Inferred silver resource for the X22 zone provides additional potential but has lower geological confidence compared to higher categories. - Positive factor: NI 43-101 Compliant - Positive factor: QP/CP Signed - Positive factor: Cut-off Disclosed - Negative factor: Inferred Resource Evidence · table > 0.1 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 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### measured [Link to this fact](https://atlas-extractions.minestarters.com/news/troilus-reports-updated-technical-report-following-completion-of-basic-engineeri--239e9424-b7eb-4657-b4e8-6781dd769ed0#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 - Effective date: 2025-12-31T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Paul Daigle - Resource group id: resource:37bee87d74ca72c79966 - Deposit or zone: SW - Mining method: open\_pit #### Resource Data - Category: measured - Tonnes: 81600000 - Grade: 0.9 - Grade Unit: moz - Contained Metal: 1.1 - Contained Unit: moz - Cutoff Grade: 11.33 - Cutoff Unit: C$/t NSR #### Prior Estimate - Resource Date: 2025-12-31 #### Metal Equivalent - Metal Eq. Grade: 1.1 - Metal Eq. Unit: moz AuEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-09T00:00:00.000Z Reasoning: This Measured gold equivalent resource for the SW zone represents a high-confidence estimate, contributing to the overall resource base with transparent reporting and disclosed assumptions. - Positive factor: Measured Resource - Positive factor: NI 43-101 Compliant - Positive factor: QP/CP Signed - Positive factor: Cut-off Disclosed Evidence · table > 0.9 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 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### measured [Link to this fact](https://atlas-extractions.minestarters.com/news/troilus-reports-updated-technical-report-following-completion-of-basic-engineeri--239e9424-b7eb-4657-b4e8-6781dd769ed0#fact-resource-facts-28) Troilus Project · copper #### Identity - Project: Troilus Project - Commodity: copper - Region: canada\_qc - Reported Region: Quebec, Canada - Ticker: TLG #### Resource scope - Estimate type: resource - Effective date: 2025-12-31T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Paul Daigle - Resource group id: resource:430d72449ff3cdb2d37e - Deposit or zone: SW - Mining method: open\_pit #### Resource Data - Category: measured - Tonnes: 81600000 - Grade: 0.042 - Grade Unit: % - Contained Metal: 76.4 - Contained Unit: mlb - Cutoff Grade: 11.33 - Cutoff Unit: C$/t NSR #### Prior Estimate - Resource Date: 2025-12-31 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-09T00:00:00.000Z Reasoning: This Measured copper resource for the SW zone represents a high-confidence estimate, contributing to the overall resource base with transparent reporting. - Positive factor: Measured Resource - Positive factor: NI 43-101 Compliant - Positive factor: QP/CP Signed - Positive factor: Cut-off Disclosed 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 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### measured [Link to this fact](https://atlas-extractions.minestarters.com/news/troilus-reports-updated-technical-report-following-completion-of-basic-engineeri--239e9424-b7eb-4657-b4e8-6781dd769ed0#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 - Effective date: 2025-12-31T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Paul Daigle - Resource group id: resource:37bee87d74ca72c79966 - Deposit or zone: SW - Mining method: open\_pit #### Resource Data - Category: measured - Tonnes: 81600000 - Grade: 1.7 - Grade Unit: moz - Contained Metal: 1.7 - Contained Unit: moz - Cutoff Grade: 11.33 - Cutoff Unit: C$/t NSR #### Prior Estimate - Resource Date: 2025-12-31 #### Metal Equivalent - Metal Eq. Grade: 1.1 - Metal Eq. Unit: moz AuEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-09T00:00:00.000Z Reasoning: This Measured silver resource for the SW zone represents a high-confidence estimate, contributing to the overall resource base with transparent reporting. - Positive factor: Measured Resource - Positive factor: NI 43-101 Compliant - Positive factor: QP/CP Signed - Positive factor: Cut-off Disclosed Evidence · table > 1.7 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 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/troilus-reports-updated-technical-report-following-completion-of-basic-engineeri--239e9424-b7eb-4657-b4e8-6781dd769ed0#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 - Effective date: 2025-12-31T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Paul Daigle - Resource group id: resource:d33ab7bc7e5a3d0f5bbc - Deposit or zone: SW - Mining method: open\_pit #### Resource Data - Category: indicated - Tonnes: 34200000 - Grade: 0.4 - Grade Unit: moz - Contained Metal: 0.5 - Contained Unit: moz - Cutoff Grade: 11.33 - Cutoff Unit: C$/t NSR #### Prior Estimate - Resource Date: 2025-12-31 #### Metal Equivalent - Metal Eq. Grade: 0.5 - Metal Eq. Unit: moz AuEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-09T00:00:00.000Z Reasoning: This Indicated gold equivalent resource for the SW zone contributes to the overall resource base, with transparent reporting standards, cut-off grades, and disclosed assumptions. - Positive factor: Indicated Resource - Positive factor: NI 43-101 Compliant - Positive factor: QP/CP Signed - Positive factor: Cut-off Disclosed Evidence · table > 0.4 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 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/troilus-reports-updated-technical-report-following-completion-of-basic-engineeri--239e9424-b7eb-4657-b4e8-6781dd769ed0#fact-resource-facts-31) Troilus Project · copper #### Identity - Project: Troilus Project - Commodity: copper - Region: canada\_qc - Reported Region: Quebec, Canada - Ticker: TLG #### Resource scope - Estimate type: resource - Effective date: 2025-12-31T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Paul Daigle - Resource group id: resource:b0097a5e2deaf634469f - Deposit or zone: SW - Mining method: open\_pit #### Resource Data - Category: indicated - Tonnes: 34200000 - Grade: 0.043 - Grade Unit: % - Contained Metal: 32.3 - Contained Unit: mlb - Cutoff Grade: 11.33 - Cutoff Unit: C$/t NSR #### Prior Estimate - Resource Date: 2025-12-31 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-09T00:00:00.000Z Reasoning: This Indicated copper resource for the SW zone contributes to the overall resource base, with transparent reporting standards and cut-off grades. - Positive factor: Indicated Resource - Positive factor: NI 43-101 Compliant - Positive factor: QP/CP Signed - Positive factor: Cut-off Disclosed 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 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/troilus-reports-updated-technical-report-following-completion-of-basic-engineeri--239e9424-b7eb-4657-b4e8-6781dd769ed0#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 - Effective date: 2025-12-31T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Paul Daigle - Resource group id: resource:d33ab7bc7e5a3d0f5bbc - Deposit or zone: SW - Mining method: open\_pit #### Resource Data - Category: indicated - Tonnes: 34200000 - Grade: 1 - Grade Unit: moz - Contained Metal: 1 - Contained Unit: moz - Cutoff Grade: 11.33 - Cutoff Unit: C$/t NSR #### Prior Estimate - Resource Date: 2025-12-31 #### Metal Equivalent - Metal Eq. Grade: 0.5 - Metal Eq. Unit: moz AuEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-09T00:00:00.000Z Reasoning: This Indicated silver resource for the SW zone contributes to the overall resource base, with transparent reporting standards and cut-off grades. - Positive factor: Indicated Resource - Positive factor: NI 43-101 Compliant - Positive factor: QP/CP Signed - Positive factor: Cut-off Disclosed Evidence · table > 1.0 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 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/troilus-reports-updated-technical-report-following-completion-of-basic-engineeri--239e9424-b7eb-4657-b4e8-6781dd769ed0#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 - Effective date: 2025-12-31T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Paul Daigle - Resource group id: resource:94fde0cdbd5ea3b3dc3e - Deposit or zone: SW - Mining method: open\_pit #### Resource Data - Category: inferred - Tonnes: 1400000 - Grade: 0 - Grade Unit: moz - Contained Metal: 0 - Contained Unit: moz - Cutoff Grade: 11.33 - Cutoff Unit: C$/t NSR #### Prior Estimate - Resource Date: 2025-12-31 #### Metal Equivalent - Metal Eq. Grade: 0 - Metal Eq. Unit: moz AuEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-09T00:00:00.000Z Reasoning: This Inferred gold equivalent resource for the SW zone provides additional potential but has lower geological confidence compared to higher categories, with disclosed assumptions. - Positive factor: NI 43-101 Compliant - Positive factor: QP/CP Signed - Positive factor: Cut-off Disclosed - Negative factor: Inferred Resource Evidence · table > 0.0 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 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/troilus-reports-updated-technical-report-following-completion-of-basic-engineeri--239e9424-b7eb-4657-b4e8-6781dd769ed0#fact-resource-facts-34) Troilus Project · copper #### Identity - Project: Troilus Project - Commodity: copper - Region: canada\_qc - Reported Region: Quebec, Canada - Ticker: TLG #### Resource scope - Estimate type: resource - Effective date: 2025-12-31T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Paul Daigle - Resource group id: resource:c62aec1406f6547e70ca - Deposit or zone: SW - Mining method: open\_pit #### Resource Data - Category: inferred - Tonnes: 1400000 - Grade: 0.037 - Grade Unit: % - Contained Metal: 1.1 - Contained Unit: mlb - Cutoff Grade: 11.33 - Cutoff Unit: C$/t NSR #### Prior Estimate - Resource Date: 2025-12-31 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-09T00:00:00.000Z Reasoning: This Inferred copper resource for the SW zone provides additional potential but has lower geological confidence compared to higher categories. - Positive factor: NI 43-101 Compliant - Positive factor: QP/CP Signed - Positive factor: Cut-off Disclosed - Negative factor: Inferred Resource 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 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/troilus-reports-updated-technical-report-following-completion-of-basic-engineeri--239e9424-b7eb-4657-b4e8-6781dd769ed0#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 - Effective date: 2025-12-31T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Paul Daigle - Resource group id: resource:94fde0cdbd5ea3b3dc3e - Deposit or zone: SW - Mining method: open\_pit #### Resource Data - Category: inferred - Tonnes: 1400000 - Grade: 0 - Grade Unit: moz - Contained Metal: 0 - Contained Unit: moz - Cutoff Grade: 11.33 - Cutoff Unit: C$/t NSR #### Prior Estimate - Resource Date: 2025-12-31 #### Metal Equivalent - Metal Eq. Grade: 0 - Metal Eq. Unit: moz AuEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-09T00:00:00.000Z Reasoning: This Inferred silver resource for the SW zone provides additional potential but has lower geological confidence compared to higher categories. - Positive factor: NI 43-101 Compliant - Positive factor: QP/CP Signed - Positive factor: Cut-off Disclosed - Negative factor: Inferred Resource Evidence · table > 0.0 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 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### measured [Link to this fact](https://atlas-extractions.minestarters.com/news/troilus-reports-updated-technical-report-following-completion-of-basic-engineeri--239e9424-b7eb-4657-b4e8-6781dd769ed0#fact-resource-facts-36) Troilus Project · gold #### Identity - Project: Troilus Project - Commodity: gold - Region: canada\_qc - Reported Region: Quebec, Canada - Ticker: TLG #### Resource scope - Estimate type: resource - Effective date: 2025-12-31T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Paul Daigle - Resource group id: resource:3b2eb0b5681f3c0a553b - Mining method: open\_pit #### Resource Data - Category: measured - Tonnes: 81600000 - Contained Metal: 1.1 - Contained Unit: moz - Cutoff Grade: 11.33 - Cutoff Unit: C$/t NSR #### Prior Estimate - Resource Date: 2025-12-31 #### Metal Equivalent - Metal Eq. Grade: 0.42 - Metal Eq. Unit: g/t AuEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-09T00:00:00.000Z Reasoning: The total Measured gold equivalent resource for all zones represents a high-confidence estimate, contributing to the overall resource base with transparent reporting and disclosed assumptions. - Positive factor: Measured Resource - Positive factor: NI 43-101 Compliant - Positive factor: QP/CP Signed - Positive factor: Cut-off Disclosed Evidence · table > 0.42 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 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### measured [Link to this fact](https://atlas-extractions.minestarters.com/news/troilus-reports-updated-technical-report-following-completion-of-basic-engineeri--239e9424-b7eb-4657-b4e8-6781dd769ed0#fact-resource-facts-37) Troilus Project · copper #### Identity - Project: Troilus Project - Commodity: copper - Region: canada\_qc - Reported Region: Quebec, Canada - Ticker: TLG #### Resource scope - Estimate type: resource - Effective date: 2025-12-31T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Paul Daigle - Resource group id: resource:3b2eb0b5681f3c0a553b - Mining method: open\_pit #### Resource Data - Category: measured - Tonnes: 81600000 - Grade: 0.042 - Grade Unit: % - Contained Metal: 76.4 - Contained Unit: mlb - Cutoff Grade: 11.33 - Cutoff Unit: C$/t NSR #### Prior Estimate - Resource Date: 2025-12-31 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-09T00:00:00.000Z Reasoning: The total Measured copper resource for all zones represents a high-confidence estimate, contributing to the overall resource base with transparent reporting. - Positive factor: Measured Resource - Positive factor: NI 43-101 Compliant - Positive factor: QP/CP Signed - Positive factor: Cut-off Disclosed 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 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### measured [Link to this fact](https://atlas-extractions.minestarters.com/news/troilus-reports-updated-technical-report-following-completion-of-basic-engineeri--239e9424-b7eb-4657-b4e8-6781dd769ed0#fact-resource-facts-38) Troilus Project · silver #### Identity - Project: Troilus Project - Commodity: silver - Region: canada\_qc - Reported Region: Quebec, Canada - Ticker: TLG #### Resource scope - Estimate type: resource - Effective date: 2025-12-31T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Paul Daigle - Resource group id: resource:3b2eb0b5681f3c0a553b - Mining method: open\_pit #### 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: C$/t NSR #### Prior Estimate - Resource Date: 2025-12-31 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-09T00:00:00.000Z Reasoning: The total Measured silver resource for all zones represents a high-confidence estimate, contributing to the overall resource base with transparent reporting. - Positive factor: Measured Resource - Positive factor: NI 43-101 Compliant - Positive factor: QP/CP Signed - Positive factor: Cut-off Disclosed 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 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/troilus-reports-updated-technical-report-following-completion-of-basic-engineeri--239e9424-b7eb-4657-b4e8-6781dd769ed0#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 - Effective date: 2025-12-31T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Paul Daigle - Resource group id: resource:e6499c6f24f12cbd8628 - Mining method: open\_pit #### Resource Data - Category: indicated - Tonnes: 728600000 - Grade: 9.2 - Grade Unit: moz - Contained Metal: 11 - Contained Unit: moz - Cutoff Grade: 11.33 - Cutoff Unit: C$/t NSR #### Prior Estimate - Resource Date: 2025-12-31 #### Metal Equivalent - Metal Eq. Grade: 11 - Metal Eq. Unit: moz AuEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-09T00:00:00.000Z Reasoning: The total Indicated gold equivalent resource for all zones contributes significantly to the overall resource base, with transparent reporting standards, cut-off grades, and disclosed assumptions. - Positive factor: Indicated Resource - Positive factor: NI 43-101 Compliant - Positive factor: QP/CP Signed - Positive factor: Cut-off Disclosed Evidence · table > 9.2 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 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/troilus-reports-updated-technical-report-following-completion-of-basic-engineeri--239e9424-b7eb-4657-b4e8-6781dd769ed0#fact-resource-facts-40) Troilus Project · copper #### Identity - Project: Troilus Project - Commodity: copper - Region: canada\_qc - Reported Region: Quebec, Canada - Ticker: TLG #### Resource scope - Estimate type: resource - Effective date: 2025-12-31T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Paul Daigle - Resource group id: resource:77f3c774547da097072d - Mining method: open\_pit #### Resource Data - Category: indicated - Tonnes: 728600000 - Grade: 0.049 - Grade Unit: % - Contained Metal: 792.1 - Contained Unit: mlb - Cutoff Grade: 11.33 - Cutoff Unit: C$/t NSR #### Prior Estimate - Resource Date: 2025-12-31 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-09T00:00:00.000Z Reasoning: The total Indicated copper resource for all zones contributes significantly to the overall resource base, with transparent reporting standards and cut-off grades. - Positive factor: Indicated Resource - Positive factor: NI 43-101 Compliant - Positive factor: QP/CP Signed - Positive factor: Cut-off Disclosed 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 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/troilus-reports-updated-technical-report-following-completion-of-basic-engineeri--239e9424-b7eb-4657-b4e8-6781dd769ed0#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 - Effective date: 2025-12-31T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Paul Daigle - Resource group id: resource:e6499c6f24f12cbd8628 - Mining method: open\_pit #### Resource Data - Category: indicated - Tonnes: 728600000 - Grade: 19.6 - Grade Unit: moz - Contained Metal: 19.6 - Contained Unit: moz - Cutoff Grade: 11.33 - Cutoff Unit: C$/t NSR #### Prior Estimate - Resource Date: 2025-12-31 #### Metal Equivalent - Metal Eq. Grade: 11 - Metal Eq. Unit: moz AuEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-09T00:00:00.000Z Reasoning: The total Indicated silver resource for all zones contributes significantly to the overall resource base, with transparent reporting standards and cut-off grades. - Positive factor: Indicated Resource - Positive factor: NI 43-101 Compliant - Positive factor: QP/CP Signed - Positive factor: Cut-off Disclosed Evidence · table > 19.6 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 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/troilus-reports-updated-technical-report-following-completion-of-basic-engineeri--239e9424-b7eb-4657-b4e8-6781dd769ed0#fact-resource-facts-42) Troilus Project · gold #### Identity - Project: Troilus Project - Commodity: gold - Region: canada\_qc - Reported Region: Quebec, Canada - Ticker: TLG #### Resource scope - Estimate type: resource - Effective date: 2025-12-31T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Paul Daigle - Resource group id: resource:41a514a4d46c165817b5 - Mining method: open\_pit #### Resource Data - Category: indicated - Tonnes: 810200000 - Contained Metal: 12.1 - Contained Unit: moz - Cutoff Grade: 11.33 - Cutoff Unit: C$/t NSR #### Prior Estimate - Resource Date: 2025-12-31 #### Metal Equivalent - Metal Eq. Grade: 0.46 - Metal Eq. Unit: g/t AuEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-09T00:00:00.000Z Reasoning: The combined Measured and Indicated gold equivalent resource for all zones represents a substantial and high-confidence resource base, with transparent reporting and disclosed assumptions. - Positive factor: Indicated Resource - Positive factor: NI 43-101 Compliant - Positive factor: QP/CP Signed - Positive factor: Cut-off Disclosed Evidence · table > 0.46 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 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/troilus-reports-updated-technical-report-following-completion-of-basic-engineeri--239e9424-b7eb-4657-b4e8-6781dd769ed0#fact-resource-facts-43) Troilus Project · copper #### Identity - Project: Troilus Project - Commodity: copper - Region: canada\_qc - Reported Region: Quebec, Canada - Ticker: TLG #### Resource scope - Estimate type: resource - Effective date: 2025-12-31T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Paul Daigle - Resource group id: resource:41a514a4d46c165817b5 - Mining method: open\_pit #### Resource Data - Category: indicated - Tonnes: 810200000 - Grade: 0.049 - Grade Unit: % - Contained Metal: 868.5 - Contained Unit: mlb - Cutoff Grade: 11.33 - Cutoff Unit: C$/t NSR #### Prior Estimate - Resource Date: 2025-12-31 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-09T00:00:00.000Z Reasoning: The combined Measured and Indicated copper resource for all zones represents a substantial and high-confidence resource base, with transparent reporting. - Positive factor: Indicated Resource - Positive factor: NI 43-101 Compliant - Positive factor: QP/CP Signed - Positive factor: Cut-off Disclosed 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 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/troilus-reports-updated-technical-report-following-completion-of-basic-engineeri--239e9424-b7eb-4657-b4e8-6781dd769ed0#fact-resource-facts-44) Troilus Project · silver #### Identity - Project: Troilus Project - Commodity: silver - Region: canada\_qc - Reported Region: Quebec, Canada - Ticker: TLG #### Resource scope - Estimate type: resource - Effective date: 2025-12-31T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Paul Daigle - Resource group id: resource:41a514a4d46c165817b5 - Mining method: open\_pit #### 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: C$/t NSR #### Prior Estimate - Resource Date: 2025-12-31 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-09T00:00:00.000Z Reasoning: The combined Measured and Indicated silver resource for all zones represents a substantial and high-confidence resource base, with transparent reporting. - Positive factor: Indicated Resource - Positive factor: NI 43-101 Compliant - Positive factor: QP/CP Signed - Positive factor: Cut-off Disclosed 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 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/troilus-reports-updated-technical-report-following-completion-of-basic-engineeri--239e9424-b7eb-4657-b4e8-6781dd769ed0#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 - Effective date: 2025-12-31T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Paul Daigle - Resource group id: resource:09ec4e8e216cf50cb1c6 - Mining method: open\_pit #### Resource Data - Category: inferred - Tonnes: 182500000 - Grade: 2 - Grade Unit: moz - Contained Metal: 2.4 - Contained Unit: moz - Cutoff Grade: 11.33 - Cutoff Unit: C$/t NSR #### Prior Estimate - Resource Date: 2025-12-31 #### Metal Equivalent - Metal Eq. Grade: 2.4 - Metal Eq. Unit: moz AuEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-09T00:00:00.000Z Reasoning: The total Inferred gold equivalent resource for all zones provides additional potential but has lower geological confidence compared to higher categories, with disclosed assumptions. - Positive factor: NI 43-101 Compliant - Positive factor: QP/CP Signed - Positive factor: Cut-off Disclosed - Negative factor: Inferred Resource Evidence · table > 2.0 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 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/troilus-reports-updated-technical-report-following-completion-of-basic-engineeri--239e9424-b7eb-4657-b4e8-6781dd769ed0#fact-resource-facts-46) Troilus Project · copper #### Identity - Project: Troilus Project - Commodity: copper - Region: canada\_qc - Reported Region: Quebec, Canada - Ticker: TLG #### Resource scope - Estimate type: resource - Effective date: 2025-12-31T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Paul Daigle - Resource group id: resource:de256f4e6ad9af3849a6 - Mining method: open\_pit #### Resource Data - Category: inferred - Tonnes: 182500000 - Grade: 0.044 - Grade Unit: % - Contained Metal: 177.8 - Contained Unit: mlb - Cutoff Grade: 11.33 - Cutoff Unit: C$/t NSR #### Prior Estimate - Resource Date: 2025-12-31 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-09T00:00:00.000Z Reasoning: The total Inferred copper resource for all zones provides additional potential but has lower geological confidence compared to higher categories. - Positive factor: NI 43-101 Compliant - Positive factor: QP/CP Signed - Positive factor: Cut-off Disclosed - Negative factor: Inferred Resource 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 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/troilus-reports-updated-technical-report-following-completion-of-basic-engineeri--239e9424-b7eb-4657-b4e8-6781dd769ed0#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 - Effective date: 2025-12-31T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Paul Daigle - Resource group id: resource:09ec4e8e216cf50cb1c6 - Mining method: open\_pit #### Resource Data - Category: inferred - Tonnes: 182500000 - Grade: 4.2 - Grade Unit: moz - Contained Metal: 4.2 - Contained Unit: moz - Cutoff Grade: 11.33 - Cutoff Unit: C$/t NSR #### Prior Estimate - Resource Date: 2025-12-31 #### Metal Equivalent - Metal Eq. Grade: 2.4 - Metal Eq. Unit: moz AuEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-09T00:00:00.000Z Reasoning: The total Inferred silver resource for all zones provides additional potential but has lower geological confidence compared to higher categories. - Positive factor: NI 43-101 Compliant - Positive factor: QP/CP Signed - Positive factor: Cut-off Disclosed - Negative factor: Inferred Resource Evidence · table > 4.2 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 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ## Metallurgical Results (3) ### flotation [Link to this fact](https://atlas-extractions.minestarters.com/news/troilus-reports-updated-technical-report-following-completion-of-basic-engineeri--239e9424-b7eb-4657-b4e8-6781dd769ed0#fact-metallurgical-facts-48) Troilus Project · gold #### Identity - Project: Troilus Project - Commodity: gold - Region: canada\_qc - Reported Region: Quebec, Canada - Ticker: TLG #### Test Work - Program Status: detailed - Test Type: flotation - Processing Route: crushing, HPGRs, ball milling, gravity concentration and flotation #### Recovery - Recovery: 86.7 % - Recovery Basis: actual\_test #### Reagents - Reagent Notes: cyanide-free process flowsheet #### 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 average gold recovery of 86.7% is strong for the conventional processing route, indicating good metallurgical performance and a cyanide-free flowsheet is a positive. - Positive factor: High Recovery - Positive factor: Mill Route - Positive factor: Gravity Route - Positive factor: Free Milling Evidence · text > Metallurgical testwork supports average recoveries during pre-production and active mining of approximately 86.7% for gold #### 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 [Link to this fact](https://atlas-extractions.minestarters.com/news/troilus-reports-updated-technical-report-following-completion-of-basic-engineeri--239e9424-b7eb-4657-b4e8-6781dd769ed0#fact-metallurgical-facts-49) Troilus Project · copper #### Identity - Project: Troilus Project - Commodity: copper - Region: canada\_qc - Reported Region: Quebec, Canada - Ticker: TLG #### Test Work - Program Status: detailed - Test Type: flotation - Processing Route: crushing, HPGRs, ball milling, gravity concentration and flotation #### Recovery - Recovery: 89.6 % - Recovery Basis: actual\_test #### Reagents - Reagent Notes: cyanide-free process flowsheet #### 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 average copper recovery of 89.6% is strong for the conventional processing route, indicating good metallurgical performance and a cyanide-free flowsheet is a positive. - Positive factor: High Recovery - Positive factor: Mill Route - Positive factor: Gravity Route - Positive factor: Free Milling Evidence · text > 89.6% for copper #### 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 [Link to this fact](https://atlas-extractions.minestarters.com/news/troilus-reports-updated-technical-report-following-completion-of-basic-engineeri--239e9424-b7eb-4657-b4e8-6781dd769ed0#fact-metallurgical-facts-50) Troilus Project · silver #### Identity - Project: Troilus Project - Commodity: silver - Region: canada\_qc - Reported Region: Quebec, Canada - Ticker: TLG #### Test Work - Program Status: detailed - Test Type: flotation - Processing Route: crushing, HPGRs, ball milling, gravity concentration and flotation #### Recovery - Recovery: 87.5 % - Recovery Basis: actual\_test #### Reagents - Reagent Notes: cyanide-free process flowsheet #### 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 average silver recovery of 87.5% is strong for the conventional processing route, indicating good metallurgical performance and a cyanide-free flowsheet is a positive. - Positive factor: High Recovery - Positive factor: Mill Route - Positive factor: Gravity Route - Positive factor: Free Milling Evidence · text > 87.5% for silver #### 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.