Ann: High-grade silver results received from resource drilling, page-3

Key Strengths in the Results:

✅ High Grades

• Many holes report grades over 100 g/t Ag Eq., with several intervals >400–900 g/t Ag Eq.

• One standout: 1m @ 1212.5 g/t Ag Eq. (including 333 g/t Ag, 159.2 g/t In, 9.39% Pb, and 9.39% Zn) — that’s exceptional.

✅ Significant Widths

• You’re seeing thick intercepts such as:

  • 86m @ 75.5 g/t Ag Eq. (ORR100)

  • 50m @ 107.2 g/t Ag Eq. from near surface (ORR107)

  • 31m @ 121.1 g/t Ag Eq. (ORR103)

These widths combined with moderate to high grades are very attractive from a mining economics standpoint.

✅ Shallow Depths

• Several intercepts begin at or near surface (e.g., ORR097, ORR107) — this reduces stripping ratios and costs if mined via open pit.

✅ Polymetallic Credit

• Results include not just silver but also indium, lead, and zinc, boosting the value per tonne.

• Indium is particularly valuable and rare, often used in electronics.

Benchmarking

• A silver equivalent (Ag Eq.) grade of 100–150 g/t is considered strong, especially with widths over 10m.

• Intercepts with >300–400 g/t over several meters (like in ORR099, ORR102, and ORR107) are high-grade bonanza zones.

Investor/Mining Perspective

These results suggest:

• Potential for a bulk-mineable open pit deposit.

• Economic viability given shallow high-grade zones.

• Encouraging metallurgy and resource expansion potential.