Kvartalsrapport Q1 2026

88 
 
HOLE ID: VDD24115B 
DEPTH_FROM DEPTH_TO SAMPLE_LENGTH SAMPLE_ID CU_PCT FE_PCT AG_PPM DENSITY 
1319.96 1320.4 0.44 VS065985 1.59 11.5 1.64 2.96 
1320.4 1321.2 0.8 VS065986 2.3 8.63 2.62 2.97 
1321.2 1322.1 0.9 VS065987 0.984 7.5 1.08 2.91 
1322.1 1322.6 0.5 VS065988 0.264 5.25 0.31 2.76 
1322.6 1323.45 0.85 VS065990 0.916 6.2 1.08 3.11 
1323.45 1324.34 0.89 VS065991 1.43 7.14 1.64 2.84 
1324.34 1325.11 0.77 VS065992 0.84 5.83 0.92 3.24 
1325.11 1325.96 0.85 VS065993 1.92 8.35 2.3 2.96 
1325.96 1326.8 0.84 VS065994 2.65 8.93 3.22 3.03 
1326.8 1327.56 0.76 VS065995 1.78 8.1 2.08 2.91 
1327.56 1328.33 0.77 VS065996 1.345 7.66 1.65 3.03 
1328.33 1329.2 0.87 VS065997 0.425 6.29 0.53 3.16 
1329.2 1329.79 0.59 VS065998 0.875 14.15 0.85 3.6 
1329.79 1330.36 0.57 VS066000 0.659 17.55 0.78 3.04 
1330.36 1330.95 0.59 VS066001 0.938 13.7 1.22 2.92 
1330.95 1332.2 1.25 VS066002 0.088 5.51 0.11 2.68 
1332.2 1333.12 0.92 VS066003 0.044 4.49 0.03 3.03 
1333.12 1334.35 1.23 VS066004 0.066 4.3 0.06 2.71 
1334.35 1335.55 1.2 VS066005 0.005 3.02 0.02 2.93 
1335.55 1336.67 1.12 VS066006 0.066 5.77 0.11 2.76 
1336.67 1337.76 1.09 VS066007 0.052 5.13 0.04 3.06 
1337.76 1338.95 1.19 VS066008 0.021 5.3 0.03 2.81 
1338.95 1339.82 0.87 VS066009 0.006 4.06 0.03 2.73 
1339.82 1341 1.18 VS066563 0.025 5.2 0.15 2.69 
1341 1342.3 1.3 VS066564 0.07 6.04 0.22 2.6 
1342.3 1343.6 1.3 VS066565 0.013 3.61 0.05 2.66 
1343.6 1344.9 1.3 VS066566 0.01 3.6 0.03 2.66 
1344.9 1346 1.1 VS066567 0.113 6.43 0.3 2.63 
1346 1346.65 0.65 VS066568 0.048 4.95 0.13 2.6 
1346.65 1347.5 0.85 VS066569 0.035 4.4 0.05 2.7 
1347.5 1348.7 1.2 VS066570 0.013 3.84 0.02 2.73 
1348.7 1349.8 1.1 VS066571 0.003 3.88 0.005 3.96 
1349.8 1350.55 0.75 VS066573 0.023 4.2 0.03 2.69 
1350.55 1351.1 0.55 VS066574 0.052 3.83 0.03 2.72 
1351.1 1352.1 1 VS066575 0.039 3.86 0.04 2.77 
1352.1 1353.4 1.3 VS066576 0.011 2.77 0.02 2.71 
1353.4 1354.3 0.9 VS066577 0.007 2.39 0.005 2.69 
1354.3 1355.15 0.85 VS066578 0.001 2.22 0.005 2.71 
1355.15 1356.15 1 VS066579 0.003 2.23 0.005 2.75 
1356.15 1357.25 1.1 VS066580 0.003 2.02 0.005 2.72 
1357.25 1358.1 0.85 VS066581 0.001 2.83 0.005 2.73 
1358.1 1359.05 0.95 VS066582 0.006 3.92 0.03 2.74 
1359.05 1359.55 0.5 VS066584 0.265 36.9 0.66 3.83 
1359.55 1360.15 0.6 VS066585 0.411 8.01 0.21 2.92 
1360.15 1360.9 0.75 VS066586 0.092 4.43 0.08 2.71 
1360.9 1362.05 1.15 VS066587 0.138 3.89 0.12 2.81 
1362.05 1363.25 1.2 VS066588 0.071 1.34 0.04 2.67

===== SIDA 92 =====

89 
 
HOLE ID: VDD24115B 
DEPTH_FROM DEPTH_TO SAMPLE_LENGTH SAMPLE_ID CU_PCT FE_PCT AG_PPM DENSITY 
1363.25 1364.2 0.95 VS066589 0.052 1.08 0.07 2.7 
1364.2 1365 0.8 VS066590 0.356 1.7 0.31 2.71 
1365 1366 1 VS066591 0.337 1.8 0.22 2.7 
1366 1367.3 1.3 VS066592 0.287 1.82 0.29 2.72 
1367.3 1368.5 1.2 VS066593 0.254 4.53 0.28 2.78 
1368.5 1369.25 0.75 VS066594 0.18 9.9 0.14 2.99 
1369.25 1370.1 0.85 VS066596 0.136 3.69 0.1 2.75 
1370.1 1371.05 0.95 VS066597 0.019 2.68 0.005 2.74 
1371.05 1372 0.95 VS066598 0.052 2.64 0.04 2.73 
1372 1373.15 1.15 VS066599 0.099 2.39 0.06 2.69 
1373.15 1374.35 1.2 VS066600 0.097 2.99 0.07 2.71 
1374.35 1374.95 0.6 VS066601 0.02 3 0.03 2.67 
1374.95 1375.85 0.9 VS066602 0.073 2.94 0.13 2.66 
1375.85 1376.75 0.9 VS066603 0.104 3.47 0.07 2.7 
1376.75 1377.7 0.95 VS066604 0.029 2.91 0.02 2.7 
1377.7 1378.25 0.55 VS066605 0.011 3.91 0.08 2.62 
1378.25 1379.5 1.25 VS066607 0.033 10.4 0.04 3 
1379.5 1380.3 0.8 VS066608 0.03 10.6 0.03 2.96 
1380.3 1381.2 0.9 VS066609 0.005 11.1 0.005 3.01 
1381.2 1382.1 0.9 VS066610 0.013 10.95 0.005 2.99 
1382.1 1382.85 0.75 VS066611 0.033 11.4 0.02 2.85 
1382.85 1383.5 0.65 VS066612 0.04 10.3 0.04 3.01 
1383.5 1384.8 1.3 VS066613 0.026 10.8 0.04 3 
1384.8 1385.6 0.8 VS066614 0.055 11.05 0.08 3.06 
1385.6 1386 0.4 VS066615 0.048 11.5 0.03 3.02 
1386 1386.9 0.9 VS066617 0.029 11 0.03 3.04 
1386.9 1387.8 0.9 VS066618 0.056 11.2 0.05 3.03 
1387.8 1388.5 0.7 VS066619 0.157 11.4 0.09 3.05 
1388.5 1389.35 0.85 VS066620 0.022 10.3 0.02 2.98 
1389.35 1390.3 0.95 VS066621 0.012 10.55 0.02 3.02 
1390.3 1391.25 0.95 VS066622 0.022 11 0.02 3.06 
1391.25 1392 0.75 VS066623 0.023 10.6 0.02 2.98

===== SIDA 93 =====

90 
 
APPENDIX 3: REFERENCES 
 
Imana M., Armstrong R., Sandoval D., Jez M., Nkioh E., and Kroeckert M. 2023. “A geological update 
on the Viscaria Cu -Fe deposit, Kiruna District, Northern Sweden.” SGA 17 th Biennial Meeting 
Proceedings 1: 363-365. 
 
Tasbicen K., Imaña M., Chávez W.X. Jr. 2023. “Sulfide Mineralogy and Cobalt Deportment at the 
Viscaria Cu -Fe Deposit, Kiruna District, Northern Sweden.” Poster presented at SEG 2023 
Conference: Resourcing the Green Transition. 
 
Viscaria Kiruna AB. 2025 a. “VISCARIA FS Report Executive Summary.” Retr ieved from 
https://www.viscaria.com/en/wp-content/uploads/sites/2/2021/10/viscaria-fs-report-executive-
summary-250508-250508.pdf 
 
Viscaria Kiruna AB. 2025 b. “ PERC Table 1  Viscaria Resource and Reserves .” Retrieved from 
https://www.viscaria.com/en/wp-content/uploads/sites/2/2021/10/table1-perc-may_2025-
250521.pdf

===== SIDA 94 =====

91 
 
APPENDIX 4: CERTIFICATE OF COMPETENT PERSON 
 
 
 
As the Competent Person responsible for the information on which the Public Report entitled 
“Viscaria Exploration Results, Q3, 2025“ is based, I hereby state: 
1. My name is Thomas Lindholm. 
2. I am a senior associate of GeoVista AB, Luleå, Sweden. 
3. I am a Mining Engineer, member of the Fennoscandian Association of Metals and Mining 
Professionals, FAMMP as well as a Fellow of AusIMM (#230476). 
4. I graduated with a M.Sc. in mining engineering from the University of Luleå in 1982 and have 
since worked in exploration and mine development projects in Sweden and abroad. 
5. I have participated in or led several feasibility studies for various types of gold, base metal and 
iron deposits. 
6. I meet the requirements of a ‘Competent Person’ as defined explicitly in the PERC Reporting 
Standard. 
7. The CP has visited the site several times, lastly in October 2025, to discuss the feasibility study 
with the local geologists and engineers. 
8. The CP is responsible for the overall review of the entire report. 
9. I am not aware of any material fact or material change concerning the subject matter of the Public 
Report that is not reflected in the Public Report, the omission of which would make the Public Report 
misleading. 
10. I declare that this Public Report appropriately reflects the Competent Person’s view. 
11. I am independent of Gruvaktiebolaget Viscaria. 
12. I confirm that I have read all the relevant sections of the PERC Reporting Standard 2021. The 
Public Report has been prepared under the requirements of the PERC Reporting Standard. 
13. I do not have, nor do I expect to receive, a direct or indirect interest in the Viscaria mine of 
Gruvaktiebolaget Viscaria. 
14. I have no conflicts of interest in respect of the reporting entity/issuer Gruvaktiebolaget Viscaria 
or the Viscaria Mine. 
15. At the effective date of the Public Report, to the best of my knowledge, information and belief, 
the Public Report contains all scientific and technical information required to be disclosed in order 
to make the Public Report not misleading. 
Dated at Luleå, Sweden and 2026-05-07. 
 
Thomas Lindholm, member of FAMMP, Fellow AusIMM (#230476)