Kvartalsrapport Q4 2025

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PERC Table 1  
Viscaria Exploration Results, Q4 2025 
 
 
FEBRUARY 2026

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Table of Contents 
PERC REPORTING STANDARD ................................ ................................ ................................ ................. 1 
Section 1 Project Outline ................................ ................................ ................................ ........................... 1 
1.0. Introduction – General ................................ ................................ ................................ ................ 1 
1.1. Property Description ................................ ................................ ................................ ................... 2 
1.2. Location ................................ ................................ ................................ ................................ ....... 4 
1.3. Adjacent Properties ................................ ................................ ................................ .................... 4 
1.4. History ................................ ................................ ................................ ................................ ......... 5 
1.5. Legal Aspects and Permitting ................................ ................................ ................................ .... 6 
1.6. Royalties ................................ ................................ ................................ ................................ ...... 7 
1.7. Liabilities ................................ ................................ ................................ ................................ ..... 8 
Section 2 Geological Setting, Deposit, Mineralisation ................................ ................................ ............. 9 
2.1. Geological Setting, Deposit Type and Mineralisation Style ................................ ..................... 9 
Section 3 Exploration and Drilling, Sampling Techniques and Data ................................ ..................... 13 
3.1. Exploration ................................ ................................ ................................ ................................  13 
3.2. Drilling Techniques ................................ ................................ ................................ ................... 14 
3.3. Sample Method, Collection, Capture, and Storage ................................ ................................ . 15 
3.4. Sample Preparation and Analysis ................................ ................................ ............................ 16 
3.5. Sampling Governance ................................ ................................ ................................ .............. 17 
3.6. Quality Control/Quality Assurance ................................ ................................ .......................... 18 
3.7. Bulk Density ................................ ................................ ................................ .............................. 18 
3.8. Bulk-Sampling and/or Trial-mining ................................ ................................ .......................... 19 
Section 4 Estimation and Reporting of Exploration Results, Mineral Resources and Mineral Reserves
 ................................ ................................ ................................ ................................ ................................ ... 20 
4.1. Geological model and interpretation ................................ ................................ ....................... 20 
4.2. Estimation and modelling techniques ................................ ................................ ..................... 21 
4.3. Reasonable prospects for eventual economic extraction ................................ ...................... 22 
4.4. Classification Criteria ................................ ................................ ................................ ............... 22 
4.5. Reporting ................................ ................................ ................................ ................................ ... 23 
4.5. Reporting ................................ ................................ ................................ ................................ ........ 24 
Section 5 Technical Studies ................................ ................................ ................................ ..................... 25 
5.1. Introduction ................................ ................................ ................................ ...............................  25 
5.2. Mining Design................................ ................................ ................................ ............................ 26 
5.3. Metallurgical and Test work ................................ ................................ ................................ ...... 28 
5.4. Infrastructure ................................ ................................ ................................ ............................. 30 
5.5. Environmental, Social Performance, and Governance ................................ ........................... 31 
5.6. Market Studies and Economic Criteria ................................ ................................ .................... 35 
5.7. Risk Analysis ................................ ................................ ................................ ............................. 39 
5.8. Economic Analysis ................................ ................................ ................................ ................... 39

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Section 6 Estimation and Reporting of Mineral Reserves ................................ ................................ ..... 41 
6.1. Estimation and Modelling Techniques ................................ ................................ ..................... 41 
6.2. Classification Criteria ................................ ................................ ................................ ............... 43 
6.3. Reporting ................................ ................................ ................................ ................................ ... 43 
6.4. Specific for Metal Equivalents or Combined Grades Reporting ................................ ............ 45 
Section 7 Audits and Reviews ................................ ................................ ................................ ................. 46 
7.1. Audits and Reviews ................................ ................................ ................................ .................. 46 
Section 8 Other Relevant Information ................................ ................................ ................................ ..... 47 
8.1. Other Relevant Information ................................ ................................ ................................ ...... 47 
Section 9 Qualification of Competent Person(s) and other key technical staff. Date and Signature 
Page ................................ ................................ ................................ ................................ ........................... 48 
9.1. Competent Person Details ................................ ................................ ................................ ........ 48 
APPENDIX 1: FIGURES ................................ ................................ ................................ ............................ 49 
APPENDIX 2: ASSAY RESULTS ................................ ................................ ................................ ............... 54 
APPENDIX 2.1: Summary ................................ ................................ ................................ ..................... 54 
APPENDIX 2.2: Full assay results ................................ ................................ ................................ ........ 55 
APPENDIX 3: REFERENCES ................................ ................................ ................................ .................... 77 
APPENDIX 4: CERTIFICATE OF COMPETENT PERSON ................................ ................................ ........ 78

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Table 1. PERC Reporting Standard 
PERC REPORTING STANDARD 
 
Section 1 Project Outline 
1.0. Introduction – General Back to Table of Contents 
 Exploration Results Mineral Resources Mineral Reserves Competent Person’s Report (CPR) 
(i) The terms of reference or scope of work. • Reporting of PERC (2021) compliant Exploration Results of the 
Viscaria deposit located in Kiruna, Sweden.  
• The Report has been prepared by Viscaria Kiruna AB (“VISCARIA”), 
formerly Copperstone Viscaria AB (“Copperstone”) to disclose the 
most recent results from the near mine exploration campaigns 
performed in 2025. The program has been performed close in 
accordance with the Pan European Reserves and Resources 
Reporting Committee (“PERC”) on the Viscaria Copper-Iron Project 
in Sweden.  
• This report covers assay results for three diamond drillholes 
completed during the current drilling program: two holes targeting 
the gap between B Zone and B Zone Deep, and one hole targeting 
the deeper part of D Zone. Two additional drillholes have been 
completed and sampled as part of this program, with assays 
pending from the laboratory. These pending holes comprise one 
drillhole targeting the B Zone to B Zone Deep gap and one drillhole 
targeting the down-dip extension of D Zone mineralization. 
• The report is prepared by Gruvaktiebolaget Viscaria and evaluated 
by an independent Competent Person (CP): Mr. Thomas Lindholm. 
(ii) The Competent Person’s relationship to the issuer of the report, if any. • The CP for the Exploration Results is Mr. Thomas Lindholm MSc 
FAusIMM, FAMMP, who is a senior associate of and Principal 
Consultant (Resource Geology) at GeoVista AB. He is a Fellow of 
the Australasian Institute of Mining and Metallurgy, a Recognised 
Professional Organisation (“RPO”) within the meaning of PERC. Mr. 
Lindholm is a senior mining engineer and has long and extensive 
experience in exploration, mining and mineral resource estimation of 
iron ore, base and precious metals.   
• The Competent Person is independent of the issuer. 
(iii) A statement for whom the report was prepared; whether it was intended as a full or partial 
evaluation or other purpose, work conducted, effective date of report, and remaining work. • This Technical Report has been prepared behalf of the Company with 
effective date February 10, 2026.

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1.0. Introduction – General Back to Table of Contents 
 Exploration Results Mineral Resources Mineral Reserves Competent Person’s Report (CPR) 
(iv) Sources of information and data contained in the report or used in its 
preparation, with citations if applicable, and a list of references. See APPENDIX 2 
(v) A title page and a table of contents that includes figures and tables. See Table of Contents 
 
(vi) An Executive Summary, which briefly summarises important information in 
the public report, including property description and ownership, geology and 
mineralisation, the status of exploration, development and operations, 
Mineral Resource and Mineral Reserve  estimates, and the Competent 
Person's conclusions and recommendations. 
If Inferred Mineral Resources are used, a summary valuation with and if 
practical without inclusion of such Inferred Mineral Resources. The 
Executive Summary should have sufficient detail to allow the reader to 
understand the essentials of the project. 
N/A 
(vii) A declaration from the Competent Person, stating whether “the declaration 
has been made in terms of the guidelines of the PERC Reporting Standard”.  See the certificate of the Competent Person in APPENDIX 3 
(viii) Diagrams, maps, plans, sections and illustrations, which are dated, legible 
and prepared at an appropriate scale to distinguish important features. 
Maps including a legend, author or information source, coordinate system 
and datum, a scale in bar or grid form, and an arrow indicating north. 
 
Reference to a location or index map and more detailed maps showing all 
important features described in the text, including all relevant cadastral and 
other infrastructure features. 
See APPENDIX 1 
(ix) The units of measure, currency and relevant exchange rates. • The units of measure are in SI. 
(x) The details of the personal inspection on the property by each Competent 
Person or, if applicable, the reason why a personal inspection has not been 
completed. 
• The Competent Person has visited the site on several occasions, the 
most recent being in October 2025, and maintained frequent online 
communication with the Geology team up to the preparation of Table 
1. 
1.1. Property Description 
 Exploration Results Mineral Resources Mineral Reserves Competent Person’s Report (CPR) 
(i) Brief description of the scope of project (i.e. whether in preliminary 
sampling, advanced exploration, scoping, pre -feasibility, or feasibility 
phase, Life of Mine plan for an ongoing mining operation or closure). 
• A Feasibility Study for the project was published in May 2025, with a 
planned mine opening in 2027.

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1.1. Property Description Back to Table of Contents 
 Exploration Results Mineral Resources Mineral Reserves Competent Person’s Report (CPR) 
(ii) Describe (noting any conditions that may affect possible prospecting/mining 
activities) topography, elevation, drainage, fauna and flora, the means and 
ease of access to the property, the proximity of the property to a population 
center, and the nature of transport, the climate, known associated climatic 
risks and the length of the operating season and to the extent relevant to 
the mineral project, the sufficiency of surface rights for mining operations 
including the availability and sources of power, water , mining personnel, 
potential tailings storage areas, potential waste disposal areas, heap leach 
pad areas, and potential processing plant sites. 
• The location of the mine site, 150 km north of the Arctic Circle and 
250 km east of the North Atlantic Sea, strongly affects the climate in 
the area. February had the lowest temperature down to average -21° 
C. The warmest month is July, when the temperature normally varies 
between 9,2° C and 17,6° C.  
• Precipitation is greatest during the summer months with an average 
precipitation of 94 mm in July, followed by August with 68 mm. Snow 
and ice cover the landscape from October to May, with a snow depth 
average of 75 cm. Rapid melting during the spring resu lts in a short 
and intensive spring flood normally lasting a few weeks in May and 
June. The average wind speed at Kiruna Airport measuring station is 
3,5 m/s and the dominant wind direction is from the south to south -
west. 
• Mining in subarctic conditions means climatic risk to machinery and 
labour force, but 100 years of mining tradition in the area has 
developed modern technology and work methods that are very well 
adapted to the environmental conditions. Water supply and mi ne 
drainage systems must be adapted to arctic dry periods during winter 
and high flows during late spring and summer, to support process - 
and drilling water. (Viscaria Kiruna AB, 2025a) 
• Viscaria Kiruna AB has built a new bridge and road to the area to 
support the establishment of the mine. The location of the mine near 
LKAB Kiirunavaara ensures that the local infrastructure and 
workforce are well adapted to underground mining. 
(iii) Specify the details of the personal inspection on the property by each CP 
or, if applicable, the reason why a personal inspection has not been 
completed.  
• The Competent Person has visited the site, inspected drill core and 
discussed the new discoveries with the geologists on several 
occasions, latest in October of 2025.  Between site visits,  online 
technical review sessions are conducted at intervals to monitor 
ongoing exploration activities and maintain continuity of technical 
oversight.

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1.2. Location Back to Table of Contents 
 Exploration Results Mineral Resources Mineral Reserves Competent Person’s Report (CPR) 
(i) Describe (noting any conditions that may affect possible prospecting/mining 
activities) topography, elevation, drainage, fauna and flora, the means and 
ease of access to the property, the proximity of the property to a population 
center, and the nature of transport, the climate, known associated climatic 
risks and the length of the operating season and to the extent relevant to 
the mineral project, the sufficiency of surface rights for mining operations 
including the availability and sources of power, water , mining personnel, 
potential tailings storage areas, potential waste disposal areas, heap leach 
pad areas, and potential processing plant sites. 
• The A, B, D and ABBA zones of the Viscaria Copper Project (the 
Project) are located in Kiruna Municipality in Norrbotten County, the 
northernmost county in Sweden. The project lies approximately 5 km 
northwest of the town of Kiruna. The project is located 270 km north-
northwest of the port city of Luleå, which lies on the Gulf of Bothnia 
in the northern Baltic Sea, and 130 km southeast of the port city of 
Narvik in northern Norway. (Viscaria Kiruna AB, 2025a) 
• The coordinate system used in the Project is SWEREF 99 20 15. 
(ii) Country Profile: describe information pertaining to the project host country 
that is pertinent to the project, including relevant applicable legislation, 
environmental and social context etc.  Assess, at a high level, relevant 
technical, environmental, social, economic, political and other key risks. 
• Information pertaining to the project host country, including 
applicable legislation, environmental and social context, and other 
relevant factors can be found in Viscaria Kiruna AB, 2025b.  
(iii) Provide a general 
topocadastral map 
Provide a topo-
cadastral map in 
sufficient detail to 
support the 
assessment of 
eventual economics. 
State the known 
associated climatic 
risks. 
Provide a detailed 
topo-cadastral map. 
Confirm that applicable 
aerial surveys have 
been checked with 
ground controls and 
surveys, particularly in 
areas of rugged 
terrain, dense 
vegetation or high 
altitude. 
See Figure 2 
1.3. Adjacent Properties 
 Exploration Results Mineral Resources Mineral Reserves Competent Person’s Report (CPR) 
(i) Discuss details of relevant adjacent properties  If adjacent or nearby 
properties have an important bearing on the report, then their location and 
common mineralized structures should be included on the maps. Reference 
all information used from other sources. 
N/A

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1.4. History Back to Table of Contents 
 Exploration Results Mineral Resources Mineral Reserves Competent Person’s Report (CPR) 
(i) State historical background to the project and adjacent areas concerned, 
including known results of previous exploration and mining activities (type, 
amount, quantity and development work), previous ownership and changes 
thereto. 
• There has been very limited mining in the B Zone and no mining in 
the D Zone. Hence there is no reconciliation information available for 
these zones.  
• In the A zone, 12,5 Mt at 2,3% copper was mined between 1982 -
1997. Experience from past mining operations improves the technical 
knowledge used to plan future mining. The old Viscaria mine was 
opened and initially operated by LKAB. The mine was later run b y 
Outokumpu, before being closed in 1997 due to declining copper 
prices.  
• In the 2000s rising copper prices led to renewed interest in the 
property and exploration was undertaken by Avalon Minerals.  
• In 2019 the Project was acquired by Gruvaktiebolaget Viscaria (then 
Copperstone Resources AB). (Viscaria Kiruna AB, 2025a) 
(ii) Present details of previous successes or failures with reasons why the 
project may now be considered potentially economic. 
• The previous mine closed due to declining copper prices. Copper 
prices are now much higher and projected to remain high. 
(iii)  Discuss known or existing historical Mineral 
Resource estimates and performance statistics 
on actual production for past and current 
operations. 
N/A 
(iv)   Discuss known or 
existing historical 
Mineral Reserve 
estimates and 
performance statistics 
on actual production 
for past and current 
operations. 
N/A

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1.5. Legal Aspects and Permitting Back to Table of Contents 
 Exploration Results Mineral Resources Mineral Reserves Competent Person’s Report (CPR) 
(i) A statement from the Competent Person on the confirmation of the legal 
tenure, including a description of (the following): 
• The Competent Person has verified the company's tenure in the 
publicly available database at the Inspector of Mines office. 
(ii) Discuss the nature of the issuer’s rights (e.g. prospecting and/or mining) 
and the right to use the surface of the properties to which these rights 
relate. Disclose the date of expiry and other relevant details. 
• Viscaria Kiruna AB has three granted exploitation concessions under 
the Minerals Act (SFS1991: 45); Viscaria K no 3 and K no 4 which 
were granted by Bergsstaten (Mining Inspectorate) in January 2012, 
both expiring 2037, and Viscaria K no 7 which was granted in March 
2018, expiring 2043. 
• The exploration results presented are from drilling within or directly 
adjacent to these concessions. If mining, development for mining or 
other significant work to continue extraction are on-going at the time 
of expiry, the concessions will automatically be extended for a 10 -
year period. 
• The area around the deposit has a detailed plan for mining operations 
and is designated as an area of national interest for deposits of 
valuable minerals or materials that are of great importance for the 
country's supply readiness. (Viscaria Kiruna AB, 202 5b) Viscaria 
Kiruna AB also has 11 exploration licenses surrounding the 
exploitation concessions. Details for all concessions and licenses 
can be found at https://www.viscaria.com/en/ 
(iii) Present the principal terms and conditions of all existing agreements, and 
details of those still to be obtained, (such as, but not limited to, 
concessions, partnerships, joint ventures, access rights, leases, historical 
and cultural sites, wilderness or national park and environmental settings, 
royalties, consents, permission, permits or authorisations). 
See the company's tenures at http://www.viscaria.com/en/ 
(iv) Present the security of the tenure held at the time of reporting or that is 
reasonably expected to be granted in the future along with any known 
impediments to obtaining the right to operate in the area.  State details of 
applications that have been made. See Clause 8.1 for declaration of a 
Mineral Reserve. 
See the company's tenures at http://www.viscaria.com/en/ 
(v) Provide a statement of any legal proceedings for example; land claims, 
that may have an influence on the rights to prospect or mine for minerals, 
or an appropriate negative statement. 
See the company's tenures at http://www.viscaria.com/en/

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1.5. Legal Aspects and Permitting Back to Table of Contents 
 Exploration Results Mineral Resources Mineral Reserves Competent Person’s Report (CPR) 
(vi) Provide a statement relating to governmental/statutory requirements  and 
permits as may be required, have been applied for, approved or can be 
reasonably be expected to be obtained. Provide a review of risks that 
permits will not be received as expected and impact of delays to the 
project. 
• The final environmental permit for mining was approved in April 2025. 
All public information on the permitting process can be found on the 
company webpage http://www.viscaria.com/en/ 
1.6. Royalties 
 Exploration Results Mineral Resources Mineral Reserves Competent Person’s Report (CPR) 
(i) Describe the royalties that are payable in respect of each property. • Pursuant to Swedish law, a mineral royalty of 0.2% of the value of 
ROM is payable. This comprises 0.05% to the state and 0.15% to 
landowners (private landowners own a small part of property inside 
the land lease). The royalty cost is estimated to be around  US$ 
500,000 per annuum (net cost). 
• VISCARIA is a party to two of so-called Net Smelter Return (“NSR”) 
royalty agreements, entered into in February 2008 in connection with 
Copperstone Viscaria’s (with a different governance regime and 
under another company name) acquisition the Viscaria asse t. The 
agreements entails a certain industry specific royalty obligation, 
originally for the benefit of two different previous owners of this mine 
asset, of which the larger royalty right of 1.0 % has been transferred 
to EMX Corp ("EMX”), that inter alia, administer NSR -rights 
professionally, while the smaller royalty right of 0.5 %, although 
capped at MUSD 12, has been transferred to Outokumpu Oyj 
("Outokumpu”), parent company to the Swedish subsidiary that 
managed and subsequently closed the previous mine.  The payment 
of the smaller royalty is deductible from the larger royalty, meaning 
that the royalty obligation shall not exceed 1.0 % of the net sales 
revenue. 
• VISCARIA and Laevas Sami village have entered a cooperation 
agreement to enhance both mining operations and reindeer 
husbandry in the Viscaria area. As part of the agreement, the parties 
have agreed on the compensation to be paid for the impact of the 
mining operations on the reindeer husbandry.

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1.7. Liabilities Back to Table of Contents 
 Exploration Results Mineral Resources Mineral Reserves Competent Person’s Report (CPR) 
(i) Describe any liabilities, including rehabilitation guarantees that are 
pertinent to the project. Provide a description of the rehabilitation liability, 
including, but not limited to, legislative requirements, assumptions and 
limitations. 
• The mine area will have to be rehabilitated when operations cease. 
As a security a bond of 344 MSEK will be deposited with the 
Norrbotten County Administrative Board. In the first phase a 60.6 
MSEK bond was deposited in order to guarantee rehabilitation of the 
initial mine drainage and the water treatment plant.

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Section 2 Geological Setting, Deposit, Mineralisation 
2.1. Geological Setting, Deposit Type and Mineralisation Style Back to Table of Contents 
 Exploration Results Mineral Resources Mineral Reserves Competent Person’s Report (CPR) 
(i) Describe the regional geology. • The Viscaria Cu project is located in the center of the Kiruna mining 
district, which consists of a Paleoproterozoic (2.5 – 1.8 Ga) 
supracrustal sequence, including clastic sedimentary rocks together 
with basic and intermediate to acid felsic volcanic rocks. 
• The Paleoproterozoic Karelian Suite was formed during a continental 
rifting event between 2.5 Ga and 2.0 Ga, and consists of 
metamorphosed volcanic, volcano -sedimentary, and sedimentary 
rocks. In the Kiruna area, the lowermost unit of the Karelian Suite is  
the Kovo Group, which is comprised of quartzite and meta -
conglomerate, overlain by the Kiruna Greenstone Group. 
• The Kiruna Greenstone Group is the host group of the Viscaria and 
Pahtohavare deposits. It consists of a 2 to 4 km thick sequence of 
submarine and subaerial basalts, andesites, volcanoclastic rocks, 
turbidites and chemical sedimentary rocks, which were for med 
between 2.2 Ga and 2.0 Ga. Several of the sedimentary formations 
can be easily traced along 10 km length on the Kiruna district. The 
whole sequence is affected by extensional tectonics and igneous sill 
emplacements. 
• Around 2.0 Ga, there was a shift from extensional to compressional 
tectonics, marked by the onset of the Svecokarelian orogeny (1.96 
Ga to 1.75 Ga). The Kurravaara Conglomerate Formation 
unconformably overlies the Kiruna Greenstone Group. 
• The Svecofennian Suite is a supracrustal sequence represented by 
arc-related volcanic and sedimentary rocks that include the 
Porphyrite Group, the Porphyry Group, and the Hauki Quartzite, 
arranged from oldest to youngest, respectively. The volcanic rocks of 
the Porphyry Group host economically important IOA’s, such as the 
Kiirunavaara and the Per Geijer deposits. 
(ii) Describe the project geology including mineral deposit type, geological 
setting and style of mineralisation. 
• The Kiruna Greenstone Group was deposited on a continental rift 
setting and exhibits an evolution from within -plate to mid -ocean-
ridge-type volcanism. The group has been divided into six formations 
based on petrographic and geochemical criteria.  
(Continued on next page)

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2.1. Geological Setting, Deposit Type and Mineralisation Style Back to Table of Contents 
 Exploration Results Mineral Resources Mineral Reserves Competent Person’s Report (CPR) 
(ii) Describe the project geology including mineral deposit type, geological 
setting and style of mineralisation. 
The bottom of the group is dominated by basaltic lavas, dolerite and 
locally conglomerates (Såkevaratjah Formation). This is 
subsequently overlain by peridotitic to basaltic komatiites of the 
Ädnamvare Formation, followed by the subaqueous -subaerial 
tholeiitic basalts of the Pikse Formation. 
• The district spans around 150 km by 20 km, hosting Kiruna-type Iron 
Oxide Apatite (IOA) deposits, including Kiirunavaara - the world’s 
largest underground iron ore mine, Malmberget, Gruvberget, 
Tuolluvaara, and the Per Geijer deposits. 
• The Viscaria Formation, the host formation of the Viscaria Cu -Fe 
orebodies, is composed of a steeply SE -dipping, NE -SW-striking 
sequence of volcanoclastic, chemical and organic sedimentary 
rocks. Overlying the Viscaria Formation is the Peuravaara Formation, 
composed of basaltic pillow lavas. The whole sequence has been 
metamorphosed in upper greenschist to lower amphibolite facies.  
The hydrothermal alteration spans over 20 km², and includes district-
wide sodic alteration, followed by widespread Fe -K-Ca±Mg 
metasomatism, marked by biotite, K -feldspar, amphibole, and 
magnetite alterations. 
• The Viscaria deposit is situated within the now inverted former rift 
basin of the crust within the northern Norrbotten area. E -W late -
orogenic crustal shortening formed major regional folds and 
penetrative regional steeply dipping N-S foliation. This N-S structural 
pattern controls inflections, steps and terminations in the Viscaria 
Formation. The complex evolution resulted in a SE-dipping, NE-SW-
striking stratigraphy younging to the east.  
• At Viscaria, the rheological heterogeneity of the rock units has led to 
strain partitioning, resulting in localized bedding -parallel shear/fault 
zones close to major rheological contacts and intraformational folding 
with meter scale parasitic folds normall y observed within 
mechanically weaker rocks; marble, talc schists and graphite schists.   
• The rocks show steep to locally overturned dips close to the surface 
while the dips become gentler towards the depth.  
(Continued on next page)

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2.1. Geological Setting, Deposit Type and Mineralisation Style Back to Table of Contents 
 Exploration Results Mineral Resources Mineral Reserves Competent Person’s Report (CPR) 
(ii) Describe the project geology including mineral deposit type, geological 
setting and style of mineralisation. 
• The stratigraphy is overprinted by steeply dipping reverse faults with 
west side up kinematics and intraformational folds moderately 
plunging to the S and SW. 
• Viscaria is a copper sulfide deposit with chalcopyrite as the main 
copper mineral. In the D Zone, Cu sulfides are linked to the 
replacement of pyrite along magnetite grain margins. Rare 
replacement of bornite in chalcopyrite also occurs. In the A and B 
Zones, Cu sulfides are paragenetically associated with pyrrhotite and 
pyrite which replace magnetite. 
(iii) Discuss the geological model or concepts being applied in the investigation 
and on the basis of which the exploration program is planned.  Describe the 
inferences made from this model. 
• The geological model at Viscaria comprises stratabound mineralized 
zones. An exploration campaign commenced in mid-2024 to test the 
strike and depth extensions of these known mineralized zones 
beyond the established Mineral Resources. Results from that 202 4 
exploration program were incorporated into the feasibility study and 
resource update published in May 2025 (available at 
http://www.viscaria.com/en/).  
• The drillholes reported here were planned based on the outcomes of 
the 2024 and early 2025 exploration results and are designed to 
further delineate the extent and continuity of mineralization identified 
during that phase. 
(iv) Discuss data density, distribution and reliability and whether the quality and 
quantity of information are sufficient to support statements, made or 
inferred, concerning the project. 
• All drillholes reported have intersected the mineralization and have 
been geologically logged in detail by the site geological team. 
However, analytical assay results for drillhole s VDD24036 and 
VDD25013D are still pending. Consequently, while the geological 
information confirms the presence of mineralized zones and supports 
preliminary geological interpretations, the quantitative data required 
to assess grade continuity and mineral content are not yet avai lable 
for this hole. At this stage, the quality and quantity of information are 
considered sufficient to confirm the presence and extent of 
mineralization, but not yet adequate to support any inferences 
regarding grade distribution or resource estimation.

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2.1. Geological Setting, Deposit Type and Mineralisation Style Back to Table of Contents 
 Exploration Results Mineral Resources Mineral Reserves Competent Person’s Report (CPR) 
(v) Discuss the significant minerals present in the deposit, their frequency, size 
and other characteristics.  These include minor and gangue minerals where 
these will have an effect on the processing steps.  Indicate the variability of 
each important mineral within the mineral deposit. 
• Mineralogy of the Viscaria Deposit is described in Table 1 for Mineral 
Resource Update May 2025 (Viscaria Kiruna AB, 2025b). Other 
recent articles regarding mineral characterization can be found in 
Imana et al., 2023 and Tasbicen et al., 2023. 
(vi) Describe the significant mineralised zones encountered on the property, 
including a summary of the surrounding rock types, relevant geological 
controls, and the length, width, depth, and continuity of the mineralisation, 
together with a description of the type, character, and distribution of the 
mineralisation 
• The property hosts four principal mineralised zones: A, B, ABBA, and 
D. The drillhole under review intersected the B Zone, which is hosted 
predominantly in biotite-altered calcsilicate units.  
• The B Zone mineralisation is characteri zed by copper sulphide 
dissemination and veining, commonly occurring in bed -parallel and 
cross-cutting orientations, consistent with previously logged 
observations in the area (Viscaria Kiruna AB, 2025a, 2025b).  
• In contrast, the A Zone exhibits similar structural controls but contains 
a carbonaceous graphitic ore type, while the D Zone is hosted within 
a thick carbonate unit (>15 m) showing magnetite -chalcopyrite 
replacement along both margins, with localized talc  and amphibole 
associated with lower Cu grades.  
• D Zone has elevated Fe oxide content (22 –26% of Fe hosted in 
magnetite) with chalcopyrite and pyrite replacing magnetite grain 
boundaries, and peripheral areas containing sparse pyrite 
replacement and a low-Cu specular hematite zone near the tectonic 
footwall of the marble unit.  
• Both A and B Zone orebodies are generally harder and more 
competent than the carbonate- and magnetite-rich D Zone. 
• ABBA Zone is positioned between the A and B Zones, in the 
southwestern portion of the deposit, and consists of high -grade 
copper mineralisation with a lower grade envelope, hosted within 
volcano-sedimentary rocks.

===== SIDA 16 =====

13 
 
Section 3 Exploration and Drilling, Sampling Techniques and Data 
3.1. Exploration Back to Table of Contents 
 Exploration Results Mineral Resources Mineral Reserves Competent Person’s Report (CPR) 
(i) Describe the data acquisition or exploration techniques and the nature, 
level of detail, and confidence in the geological data used (i.e. geological 
observations, remote sensing results, stratigraphy, lithology, structure, 
alteration, mineralisation, hydrology, geophysical, geochemical, 
petrography, mineralogy, geochronology, bulk density, potential 
deleterious or contaminating substances, geotechnical and rock 
characteristics, moisture content, bulk samples etc.).  Confirm that data 
sets include all relevant metadata, such as unique sample number, 
sample mass, collection date, spatial location etc. 
• The geological data for the project have been acquired through 
standard exploration techniques, including detailed core logging of 
lithology, structure, alteration, and mineralisation, as well as field 
observations of host rock characteristics. Core sample s have been 
collected systematically, with unique sample numbers, collection 
dates, sample mass, and spatial location recorded for each. 
Additional geological data such as bulk density, geotechnical and 
rock characteristics, and moisture content have been noted where 
relevant.  
• Sample preparation and a ssaying have been  performed at ALS 
Geochemistry laboratories in Piteå. Details of the assay process are 
listed in section 3.3. 
(ii) Identify and comment on the primary data elements (observation and 
measurements) used for the project and describe the management and 
verification of these data or the database. This should describe the following 
relevant processes: acquisition (capture or transfer), validation, integration, 
control, storage, retrieval and backup processes. It is assumed that data 
are stored digitally but hand -printed tables with well -organized data and 
information may also constitute a database. 
• A custom SQL database from M-Solutions Oy is used, called M-IDIS® 
Industry Data Integration System. The database downloads assay 
results directly from the laboratory ALS's (see Section 3.4.(i)) cloud-
based database Webtrieve. Database is backed up daily. 
(iii) Acknowledge and appraise data from other parties and reference all data 
and information used from other sources. See APPENDIX 3 for references. 
(iv) Clearly distinguish between data / information from the property under 
discussion and that derived from surrounding properties N/A 
(v) Describe the survey methods, techniques and expected accuracy of data, 
including the methods for downhole surveying of drillholes. Specify the 
grid system used.  
• A gyroscope sensor (SPT GyroMaster ) is used for downhole 
surveying. Surveys are completed by trained drilling contractors and 
requested by Viscaria geologists. The grid system used is SWEREF 
99 20 15.

===== SIDA 17 =====

14 
 
3.1. Exploration Back to Table of Contents 
 Exploration Results Mineral Resources Mineral Reserves Competent Person’s Report (CPR) 
(vi) Discuss whether the data spacing and distribution is sufficient to establish 
the degree of geological and grade continuity appropriate for the 
estimation procedure(s) and classifications applied. 
• Drillhole spacing supports promising geological interpretations of the 
B Zone  and D Zone . Assays are pending  for VDD24036 and 
VDD25013D, so grade continuity cannot yet be confirmed, and 
Mineral Resource Estimation or classification is not yet applicable. 
(vii) Present representative models and / or maps and cross sections or other 
two- or three-dimensional illustrations of results, showing location of 
samples, accurate drill-hole collar positions, down-hole surveys, 
exploration pits, underground workings, relevant geological data, etc. 
• See APPENDIX 1 for figures 
(viii) Report the relationships between mineralisation widths and intercept 
lengths are particularly important, the geometry of the mineralisation with 
respect to the drill hole angle.  If it is not known and only the down-hole 
lengths are reported, confirm it with a clear statement to this effect (e.g. 
down-hole length, true width not known’). 
• At this stage, only down -hole lengths have been recorded. True 
widths of the mineralisation with respect to the drillhole angle are not 
yet determined, as assay results and further structural interpretation 
are pending. 
3.2. Drilling Techniques 
 Exploration Results Mineral Resources Mineral Reserves Competent Person’s Report (CPR) 
(i) Present the type of drilling undertaken (e.g. core, reverse circulation, 
open-hole hammer, rotary air blast, auger, Banka, sonic, etc.) and details 
(e.g. core diameter, triple or standard tube, depth of diamond tails, face-
sampling bit or other type, whether core is oriented and if so, by what 
method, etc.). 
• All drilling undertaken is standard tube diamond drilling. Cores are 
NQ2 size (50 mm diameter, measured with calipers regularly during 
logging). Directional drilling has been used to ensure drilling hits the 
planned targets. Directional drilling core has a diameter of 40.7 mm. 
All core, excluding sections where directional drilling is done, is 
oriented by the drillers where possible. 
(ii) Describe whether core and chip samples have been geologically and 
geotechnically logged to a level of detail to support appropriate Mineral 
Resource estimation, technical studies, mining studies and metallurgical 
studies.  
N/A 
(iii) Describe whether logging is qualitative or quantitative in nature; indicate if 
core  photography. (or costean, channel, etc.) was undertaken 
• Logging is qualitative. All cores are photographed dry and wet. 
(iv) Present the total length and percentage of the relevant intersections 
logged. 
• Geological and geotechnical logging has been completed for 3907.7 
meters of drillcore  (VDD25013B, VDD25013C, VDD25001B) . Of 
these, 1396 meters have undergone geochemical sampling.  See 
Appendix 2  for full sample lists and weighted average grades for 
significant intercepts.

===== SIDA 18 =====

15 
 
3.2. Drilling Techniques Back to Table of Contents 
 Exploration Results Mineral Resources Mineral Reserves Competent Person’s Report (CPR) 
(v) Discuss the results of any downhole surveys of the drill holes. • Deviation surveys are regularly carried out during drilling and at the 
end of hole to monitor the drilling trajectory. 
• BHEM surveys are also routinely conducted as part of the exploration 
program. Results were used to plan further drilling. 
3.3. Sample Method, Collection, Capture, and Storage 
 Exploration Results Mineral Resources Mineral Reserves Competent Person’s Report (CPR) 
(i) Describe the nature and quality of sampling (e.g. cut channels, random 
chips, or specific specialised industry standard measurement tools 
appropriate to the minerals under investigation, such as down hole gamma 
sondes, or handheld XRF instruments, etc.). T hese examples should not 
be taken as limiting the broad meaning of sampling.  
• Drillhole cut channels  are used. Handheld XRF instruments were 
occasionally used to assist in preliminary estimation of Cu content or 
to identify minerals. 
 
 (ii) Describe the sampling processes, including sub -sampling stages to 
maximize representivity of samples. This should include whether sample 
sizes are appropriate to the grain size of the material being sampled. 
Indicate whether sample compositing has been applied. 
• For sampling process, see Section 3.4.(iii) 
• Sample compositing has not been applied. 
(iii) Appropriately describe each data set (e.g. geology, grade, density, quality, 
diamond breakage, geo -metallurgical characteristics etc.), sample type, 
sample-size selection and collection methods 
• For grade samples, see Section 3.4.(iii) 
• For density samples, see Sections 3.7.(i) and 3.7.(iv) 
(iv) Report the geometry of the mineralisation with respect to the drill -hole 
angle.  State whether the orientation of sampling achieves unbiased 
sampling of possible structures and the extent to which this is known, 
considering the Mineral deposit type.  State  if the intersection angle is not 
known and only the downhole lengths are reported. 
• Drillhole is designed to intersect with a perpendicular angle and 
usually southeast-dipping mineralization. Where drillcore is oblique 
to mineralisation orientation, cutting line was used to ensure a more 
representative sample. 
(v) Describe retention policy and storage of physical samples (e.g. core, 
sample reject, etc.) 
• All core (sampled and non-sampled) will be placed in a storage tent. 
Pulps and rejects will be returned from lab and will be stored in library 
at the Core Shed. 
(vi) Describe the method of recording and assessing core and chip sample 
recoveries and results assessed, measures taken to maximise sample 
recovery and ensure representative nature of the samples and whether a 
relationship exists between sample recovery and grade and whether 
sample bias may have occurred due to preferential loss/gain of 
fine/coarse material. 
• Total Core Recovery (TCR) and Rock Quality Designation (RQD) are 
measured for all cores. Drillers report core loss measured after every 
run. Drillers reports are compared to TCR. Where core loss 
(according to TCR) exceeds 0.3 m sample intervals are not extended 
across the incomplete section.  
(Continued on next page)

===== SIDA 19 =====

16 
 
3.3. Sample Method, Collection, Capture, and Storage Back to Table of Contents 
 Exploration Results Mineral Resources Mineral Reserves Competent Person’s Report (CPR) 
(vi) Describe the method of recording and assessing core and chip sample 
recoveries and results assessed, measures taken to maximise sample 
recovery and ensure representative nature of the samples and whether a 
relationship exists between sample recovery and grade and whether 
sample bias may have occurred due to preferential loss/gain of 
fine/coarse material. 
• Where core cannot be assayed, results are diluted with 0 grade 
material in grade calculations. As such, where grade is reported 
across an interval with core loss, Cu and Fe content is 
underestimated. Core loss in the reported intersections is minimal. 
(vii) If a drill-core sample is taken, state whether it was split or sawn and whether 
quarter, half or full core was submitted for analysis. If a non -core sample, 
state whether the sample was riffled, tube sampled, rotary split etc. and 
whether it was sampled wet or dry. The impact of water table or flow rates 
on recovery and introduction of sampling biases or contamination from 
above. 
Discuss the impact of variable hole diameters, e.g., by the use of a caliper 
tool.  
• Core is sawn and half core is analy sed. Hole diameter is very 
consistent. 
 
(viii) If a drill-core sample is taken, sufficient information should be supplied to 
assess the effects of core loss. Occasionally, only total core recovery is 
mentioned but at the same time the mineralized parts are designated as 
poor quality. This type of repor ting is against the main principles of 
Transparency and Materiality. Heavy core losses throughout an ore body 
intersection can seriously undermine the confidence in a resource estimate. 
It is important to determine whether a relationship exists between grade and 
recovery (either positive or negative) to assess the potential for grade bias. 
In addition, it is important to state the method used to determine the core 
recovery: Total Core Recovery (TCR), Solid Core Recovery (SCR) and 
Rock Quality Designation (RQD).  
Core recovery is determined using TCR. TCR and RQD are collected for 
the full drillhole. Average recovery of the three logged drillholes was 
99%. Average RQD was 85%. For handling of core loss, see Section 
3.3.(vi) 
3.4. Sample Preparation and Analysis 
 Exploration Results Mineral Resources Mineral Reserves Competent Person’s Report (CPR) 
(i) Identify the laboratory(s) and state the accreditation status and Registration 
Number of the laboratory or provide a statement that the laboratories are 
not accredited. Record the steps taken by the Competent Person to ensure 
the results from a non-accredited laboratory are of an acceptable quality. 
• The accredited laboratories ALS Geochemistry – Piteå (SWE) 
perform the sample preparation and assaying.

===== SIDA 20 =====

17 
 
3.4. Sample Preparation and Analysis Back to Table of Contents 
 Exploration Results Mineral Resources Mineral Reserves Competent Person’s Report (CPR) 
(ii) Identify the analytical method. Discuss the nature, quality and 
appropriateness of the assaying and laboratory processes and procedures 
used and whether the technique is considered partial or total. 
• Multielement method ME-MS61 has been utilized. It is considered 
appropriate for the mineralisation at Viscaria. 
(iii) Describe the process and method used for sample preparation, sub-
sampling and size reduction, and the likelihood of inadequate or non-
representative samples (i.e. improper size reduction, contamination, 
screen sizes, granulometry, mass balance, etc.) 
• Sample interval boundaries are marked by geologists. Cores are then 
transported via courier to ALS, Piteå using Chain of Custody 
procedure. Diamond drill core is sawn longitudinally and split in half 
for sampling. Sample preparation procedures are appropri ate, with 
ALS preparing samples by crushing to <2 mm, splitting using a riffle 
splitter, the pulverizing to achieve a 250 g sample mass that is sub -
sampled for analysis. Sample sizes have varied according to the 
length of core sample taken as determined by  geological logging. 
Sample lengths are appropriate for the intersected mineralization and 
minimum core diameters are greater than the maximum 
mineralisation crystal size. Pulverizing of crush materials is 
acceptable under the quality standard by ALS. ALS ships the 
sampled half-core, pulp and reject material via courier to Viscaria 
Kiruna AB, where pulps are stored in a dry and heated library and the 
half-core and rejects are stored in cold facilities for later use and/or 
review. (Viscaria AB, 2025b) 
3.5. Sampling Governance 
 Exploration Results Mineral Resources Mineral Reserves Competent Person’s Report (CPR) 
(i) Discuss the governance of the sampling campaign and process, to ensure 
quality and representivity of samples and data, such as sample recovery, 
high grading, selective losses or contamination, core/hole diameter, 
internal and external QA/QC, and any other factors that may have 
resulted in or identified sample bias. 
• The sampling campaign has been conducted under standard site 
procedures to ensure representivity and data integrity. Core recovery 
was monitored throughout drilling, and no significant loss or high 
grading was observed during logging. Core diameter and condition 
were recorded to maintain consistency in sampling.  
• Internal QA/QC measures, including duplicate sampling and 
systematic logging, have been applied. External QA/QC protocols 
will be implemented once samples are submitted for assay. QA/QC 
validation is not yet complete for drillholes with assays pending . 
However, the procedures followed provide confidence that the 
collected geological data accurately represent the mineralisation 
style and host lithologies.

===== SIDA 21 =====

18 
 
3.5. Sampling Governance Back to Table of Contents 
 Exploration Results Mineral Resources Mineral Reserves Competent Person’s Report (CPR) 
(ii) Describe the measures taken to ensure sample security and the Chain of 
Custody. 
• Measures described by Viscaria Kiruna AB, 2025a and 2025b.  
(iii) Describe the validation procedures used to ensure the integrity of the 
data, e.g. transcription, input or other errors, between its initial collection 
and its future use for modelling (e.g. geology, grade, density, etc.) 
• Geological data collected from the drillholes have been validated 
through systematic core logging and field checks to ensure accuracy 
and completeness. Unique sample numbers, collection dates, spatial 
locations, and sample masses have been recorded to main tain 
traceability. Data entry into databases is conducted following 
standard procedures, with checks to minimize transcription or input 
errors. Assay results are pending, and once received, they will 
undergo standard QA/QC validation, including verification against 
duplicates, standards, and blanks, to ensure integrity prior to use in 
modelling for geology, grade, or density. 
(iv) Describe the audit process and frequency (including dates of these audits) 
and disclose any material risks identified. • Regular internal audits are performed by the Viscaria geology team. 
3.6. Quality Control/Quality Assurance 
 Exploration Results Mineral Resources Mineral Reserves Competent Person’s Report (CPR) 
(i) Demonstrate that adequate field sampling process verification techniques 
(QA/QC) have been applied, e.g. the level of duplicates, blanks, reference 
material standards, process audits, analysis, etc. If indirect methods of 
measurement were used (e.g. geophy sical methods), these should be 
described, with attention given to the confidence of interpretation. Refer to 
measures taken to ensure sample representivity and the appropriate 
calibration of any measurement tools or systems used. QA/QC procedures 
used to check databases augmented with ‘new’ data have not  resulted in 
corruption of previous versions containing stored 'old' data. 
• Duplicates (crush and field), blanks and standards are inserted into 
sample program at a frequency of minimum 1 duplicate/blank/ 
standards per 10 samples. 
(ii) Document the use of any independent check laboratory (umpire check 
samples). Identify the independent laboratory and details of its 
accreditation. 
• No umpire check has been used for the results reported here. 
3.7. Bulk Density 
 Exploration Results Mineral Resources Mineral Reserves Competent Person’s Report (CPR) 
(i) Describe the method of bulk density determination with reference to the 
frequency of measurements, the size, nature and representativeness of 
the samples. 
• Density measurements are made on whole core, with buoyancy 
method, before core is sent to the lab. 
(Continued on next page)

===== SIDA 22 =====

19 
 
3.7. Bulk Density Back to Table of Contents 
 Exploration Results Mineral Resources Mineral Reserves Competent Person’s Report (CPR) 
(i) Describe the method of bulk density determination with reference to the 
frequency of measurements, the size, nature and representativeness of the 
samples. 
• Density measurements are focused in sampled intervals, with 
representative samples in non -sampled intervals. Measured core 
pieces were between 10 and 30 cm. Measured bulk density ranges 
from 2.89 to 3.25 g/cm³ (P10–P90), with a median of 3.03 g/cm³. The 
full dataset ranges  from 2.4 to 4.74 g/cm³, with values outside the 
P10–P90 range representing localized zones of high-grade massive 
sulphide mineralization (upper outliers) or 
weathered/fractured/porous intervals (lower outliers). 
(ii) If target tonnage ranges are reported state the preliminary estimates or 
basis of assumptions made for bulk density. N/A 
(iii) Discuss the representivity of bulk density samples of the material for which 
a grade range is reported. N/A 
(iv) Discuss the adequacy of the methods of bulk density determination for bulk 
material with special reference to accounting for void spaces (vugs, porosity 
etc.), moisture and differences between rock and alteration zones within the 
mineral deposit. 
• Porous and/or clay -rich rock are avoided  as the measurement 
method is not accurate for these rocks. Very low density 
measurements 
(≤ 2.6 g/cm3) are likely due to porosity not visible to the technician. 
3.8. Bulk-Sampling and/or Trial-mining 
 Exploration Results Mineral Resources Mineral Reserves Competent Person’s Report (CPR) 
(i) Indicate the location of individual samples (including map). N/A 
(ii) Describe the size of samples, spacing/density of samples recovered and 
whether sample sizes and distribution are appropriate to the grain size of 
the material being sampled. 
N/A 
(iii) Describe the method of mining and treatment. N/A 
(iv) Indicate the degree to which the samples are representative of the various 
types and styles of mineralisation and the mineral deposit as a whole.  N/A

===== SIDA 23 =====

20 
 
Section 4 Estimation and Reporting of Exploration Results, Mineral Resources and Mineral Reserves 
4.1. Geological model and interpretation Back to Table of Contents 
 Exploration Results Mineral Resources Mineral Reserves Competent Person’s Report (CPR) 
(i) Describe the geological model, construction technique and assumptions 
that form the basis for the Exploration Results or Mineral Resource 
estimate. Discuss the sufficiency of data density to assure continuity of 
mineralisation and geology and provide an ad equate basis for the 
estimation and classification procedures applied. 
• Resource models are published in 2025, See 
http://www.viscaria.com/en/ 
• No estimation or classification is reported here. 
(ii) Describe the nature, detail and reliability of geological information with 
which lithological, structural, mineralogical, alteration or other geological, 
geotechnical and geo-metallurgical characteristics were recorded. 
• Geological logging is qualitative, performed by Viscaria geologists as 
well as skilled contractors. Details of data collection are described in 
Section 3: Exploration and Drilling, Sampling Techniques and Data. 
(iii) Describe any obvious 
geological, mining, 
metallurgical, 
environmental, social, 
infrastructural, legal 
and economic factors 
that could have a 
significant effect on 
the prospects of any 
possible exploration 
target or mineral 
deposit. 
  • The report covers near -mine exploration, inside or directly adjacent 
to existing exploitation concessions. There are no factors specific to 
these findings. 
(iv)  Discuss all known geological data that could 
materially influence the estimated quantity and 
quality of the Mineral Resource. 
N/A 
(v)  Discuss whether consideration was given to 
alternative interpretations or models and their 
possible effect (or potential risk) if any, on the 
Mineral Resource estimate. 
N/A 
(vi)  Discuss geological discounts (e.g. magnitude, 
per reef, domain, etc.), applied in the model, 
whether applied to mineralized and / or un -
mineralized material (e.g. potholes, faults, dykes, 
etc.). 
N/A

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21 
 
4.2. Estimation and modelling techniques Back to Table of Contents 
 Exploration Results Mineral Resources Mineral Reserves Competent Person’s Report (CPR) 
(i) Describe in detail the 
estimation techniques 
and assumptions used 
to determine the grade 
and tonnage ranges 
for any Exploration 
Targets, if reported in 
a Public Report. 
  
N/A 
(ii)  Discuss the nature and appropriateness of the 
estimation technique(s) applied and key 
assumptions, including treatment of extreme 
grade values (cutting or capping), compositing 
(including by length and/or density),  domaining, 
sample spacing,  estimation unit size (block size), 
selective mining units, interpolation parameters 
and maximum distance of extrapolation from data 
points.  
N/A 
(iii)  Describe assumptions and justification of 
correlations made between variables. N/A 
(iv)  Provide details of any relevant specialized 
computer program (software) used, with the 
version number, together with the estimation 
parameters used. 
N/A 
(v)  State the processes of checking and validation, 
the comparison of model information to sample 
data and use of reconciliation data, and whether 
the Mineral Resource estimate takes account of 
such information. 
N/A 
(vi)  Describe the assumptions made regarding the 
estimation of any co -products, by -products or 
deleterious elements. 
N/A

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22 
 
4.3. Reasonable prospects for eventual economic extraction Back to Table of Contents 
 Exploration Results Mineral Resources Mineral Reserves Competent Person’s Report (CPR) 
(i)  Disclose and discuss the geological parameters.  
These would include (but not be limited to) 
volume / tonnage, grade and value / quality 
estimates, cut-off grades, strip ratios, upper- and 
lower- screen sizes. 
N/A 
(ii)  Disclose and discuss the engineering 
parameters. These would include mining 
methods, dilution, processing, geotechnical, 
geohydraulic and metallurgical) parameters. 
N/A 
(iii)  Disclose and discuss the infrastructural including, 
but not limited to, power, water, site-access. N/A 
(iv)  Disclose and discuss the legal, governmental, 
permitting, statutory parameters. N/A 
(v)  Disclose and discuss the environmental and 
social (or community) parameters. N/A 
(vi)  Disclose and discuss the marketing parameters. N/A 
(vii)  Disclose and discuss the economic assumptions 
and parameters.  These factors will include, but 
not limited to, commodity prices and potential 
capital and operating costs 
N/A 
(viii)  Discuss any material risks  N/A 
(ix)  Discuss the parameters used to support the 
concept of "eventual" N/A 
4.4. Classification Criteria 
 Exploration Results Mineral Resources Mineral Reserves Competent Person’s Report (CPR) 
(i)  Describe  criteria and methods used as the basis 
for the classification of the Mineral Resources 
into varying confidence categories. 
N/A

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23 
 
4.5. Reporting  Back to Table of Contents 
 Exploration Results Mineral Resources Mineral Reserves Competent Person’s Report (CPR) 
(i) Discuss the reported low and high-grades and widths together with their 
spatial location to avoid misleading the reporting of Exploration Results, 
Mineral Resources or Mineral Reserves. 
• Exploration results are reported for VDD25001, VDD25013B, and 
VDD25013C. Geological logging confirms the presence and style of 
mineralization in all three holes; however, VDD25013D intersected 
mineralization based on visual observation; however, assay results 
for drillholes VDD24036 and  VDD25013D remain pending. 
Consequently, quantitative grade and spatial distribution data for that 
hole are not yet available. 
(ii) Discuss whether the 
reported grades in 
Exploration Targets 
are regional averages 
or if they are selected 
individual samples 
taken from the 
property under 
discussion. 
  • No exploration targets are reported. 
(iii) State assumptions 
regarding mining 
methods, 
infrastructure, 
metallurgy, 
environmental and 
social parameters. 
State and discuss 
where no mining 
related assumptions 
have been made. 
  • No mining related assumptions are made in the report.

===== SIDA 27 =====

24 
 
 4.5. Reporting  Back to Table of Contents 
 Exploration Results Mineral Resources Mineral Reserves Competent Person’s Report (CPR) 
(iv) State the specific 
quantities and grades / 
qualities which are 
being reported in 
ranges and/or widths, 
and explain the basis 
of the reporting 
  • Exploration results are reported for three drillholes (VDD250 01, 
VDD25013B, VDD25013C).  
• Assay results of VDD25013D are currently pending. No specific 
quantities, grades, or widths can be reported at this time. Once assay 
data are received, these values will be included in the next 
Exploration Results Table 1 to provide ranges and widths based on 
measured and verified data. 
• Analytical results for VDD25013B, for which assays were pending at 
the time of the previous Interim Report Q3 2025 , are now available 
and are presented in Appendix 2 . All intervals are reported as 
downhole lengths. 
(v)  Present the details for example open pit, 
underground, residue stockpile, remnants, 
tailings, and existing pillars or other sources in the 
Mineral Resource statement 
N/A 
(vi)  Present a reconciliation with any previous Mineral 
Resource estimates. Where appropriate, report 
and comment on any historical trends (e.g. global 
bias). 
N/A 
(vii)  Present the defined reference point for the 
tonnages and grades reported as Mineral 
Resources. State the reference point if the point 
is where the run of mine material is delivered to 
the processing plant. It is important that, in all 
situations where the reference point is different, 
such as for a saleable product, a clarifying 
statement is included to ensure that the reader is 
fully informed as to what is being reported.  
N/A 
(viii) If the CP is relying on a report, opinion, or statement of another expert 
who is not a CP, disclose the date, title, and author of the report, opinion, 
or statement, the qualifications of the other expert and why it is 
reasonable for the CP to rely on the other expert, any significant risks and 
any steps the CP took to verify the information provided. 
N/A 
(ix) State the basis of equivalent metal formulae, if applied.  N/A

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25 
 
Section 5 Technical Studies 
5.1. Introduction  Back to Table of Contents 
 Exploration Results Mineral Resources Mineral Reserves Competent Person’s Report (CPR) 
(i) Not applicable to 
Exploration Results 
State the level of study 
– whether Scoping, 
Pre-Feasibility, 
Feasibility or ongoing 
Life of Mine  
State the level of study 
– whether Pre-
feasibility, Feasibility 
or ongoing Life of 
Mine.  The Standard 
requires that a study to 
at least a Pre-
Feasibility level has 
been undertaken to 
convert Mineral 
Resource to Mineral 
Reserve.  Such 
studies will have been 
carried out and will 
include a mine plan or 
production schedule 
that is technically 
achievable and 
economically viable, 
and that all Modifying 
Factors have been 
considered. 
N/A 
(ii) Not applicable to 
Exploration Results 
 Provide a summary 
table of the Modifying 
Factors used to convert 
the Mineral Resource 
to Mineral Reserve for 
Pre-feasibility, 
Feasibility or on -going 
Life-of-Mine studies.  
N/A

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5.2. Mining Design  Back to Table of Contents 
 Exploration Results Mineral Resources Mineral Reserves Competent Person’s Report (CPR) 
(i) not applicable to 
Exploration Results 
State assumptions 
regarding mining 
methods and 
parameters when 
estimating Mineral 
Resources or explain 
where no mining 
assumptions have 
been made. 
 
N/A 
(ii) not applicable to 
Exploration Results 
Discuss Modifying 
factors taken into 
account in estimation 
of Mineral Resources 
State and justify all 
modifying factors and 
assumptions made 
regarding mining 
methods, minimum 
mining dimensions (or 
pit shell) and internal 
and, if applicable, 
external) mining 
dilution and mining 
losses used for the 
techno-economic 
study and signed-off, 
such as mining 
method, mine design 
criteria, infrastructure, 
capacities, production 
schedule, mining 
efficiencies, grade 
control, geotechnical 
and hydrological 
considerations, closure 
plans, and personnel 
requirements. 
N/A

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5.2. Mining Design  Back to Table of Contents 
 Exploration Results Mineral Resources Mineral Reserves Competent Person’s Report (CPR) 
(iii) not applicable to 
Exploration Results 
State what mineral resource models have been 
used in the study. N/A 
(iv) not applicable to 
Exploration Results 
State what mineral resource models have been 
used in the study. N/A 
(v) not applicable to 
Exploration Results 
 Description and 
justification of mining 
method(s) to be used. 
N/A 
(vi) not applicable to 
Exploration Results 
 For open-pit mines, 
include a discussion of 
pit slopes, slope 
stability, and strip ratio. 
N/A 
(vii) not applicable to 
Exploration Results 
 For underground 
mines, discuss mining 
method, geotechnical 
considerations, mine 
design characteristics, 
and ventilation/cooling 
requirements. 
N/A 
(viii) not applicable to 
Exploration Results 
 Discuss mining rate, 
equipment selected, 
grade control methods, 
geotechnical and 
hydrogeological 
considerations, health 
and safety of the 
workforce, staffing 
requirements, dilution, 
and recovery. 
N/A

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5.2. Mining Design  Back to Table of Contents 
 Exploration Results Mineral Resources Mineral Reserves Competent Person’s Report (CPR) 
(ix) not applicable to 
Exploration Results 
 State the optimisation  
methods and any 
software used in 
planning, list of 
constraints 
(practicality, plant, 
access, exposed 
Mineral Reserves, 
stripped Mineral 
Reserves, bottlenecks, 
draw control). 
N/A 
5.3. Metallurgical and Test work 
 Exploration Results Mineral Resources Mineral Reserves Competent Person’s Report (CPR) 
(i) not applicable to 
Exploration Results 
Discuss the source of the sample, the 
representivity of the potential feed and the 
techniques used to obtain the samples, 
laboratory and metallurgical testing techniques.  
N/A 
(ii) not applicable to 
Exploration Results 
Explain the basis for assumptions or predictions 
regarding metallurgical amenability and any 
preliminary mineralogical test work already 
carried out.  
N/A 
(iii) not applicable to 
Exploration Results 
Discuss the possible 
processing methods 
and any processing 
factors that could have 
a material effect on the 
reasonable 
expectations of 
eventual economic 
extraction. Discuss the 
appropriateness of the 
processing methods to 
the style of 
mineralisation.  
 Describe and justify 
the processing 
method(s) to be used, 
equipment, plant 
capacity, efficiencies, 
and personnel 
requirements. N/A

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5.3. Metallurgical and Test work  Back to Table of Contents 
 Exploration Results Mineral Resources Mineral Reserves Competent Person’s Report (CPR) 
(iv) not applicable to 
Exploration Results 
 Discuss the nature, 
amount and 
representativeness of 
metallurgical test work 
undertaken and the 
recovery factors used. 
A detailed flow sheet / 
diagram and a mass 
balance should exist 
,especially for multi-
product operations 
from which the 
saleable materials are 
priced for different 
chemical and physical 
characteristics. 
N/A 
(v) not applicable to 
Exploration Results 
 State what 
assumptions or 
allowances have been 
made for deleterious 
elements and the 
existence of any bulk-
sample or pilot-scale 
test work and the 
degree to which such 
samples are 
representative of the 
ore body as a whole. 
N/A

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5.3. Metallurgical and Test work Back to Table of Contents 
 Exploration Results Mineral Resources Mineral Reserves Competent Person’s Report (CPR) 
(vi) not applicable to 
Exploration Results 
 State whether the 
metallurgical process 
is well-tested 
technology or novel in 
nature. If novel, justify 
its use in Mineral 
Reserve estimation. 
N/A 
5.4. Infrastructure 
 Exploration Results Mineral Resources Mineral Reserves Competent Person’s Report (CPR) 
(i) not applicable to 
Exploration Results 
Comment regarding the current state of 
infrastructure or the ease with which the 
infrastructure can be provided or accessed 
 
N/A 
(ii) not applicable to 
Exploration Results 
 
Report in sufficient 
detail to demonstrate 
that the necessary 
facilities have been 
allowed for (which may 
include, but not be 
limited to, processing 
plant, tailings dam, 
leaching facilities, 
waste dumps, road, 
rail or port facilities, 
water and power 
supply, offices, 
housing, security, 
resource sterilisation 
testing etc.). Provide 
detailed maps showing 
locations of facilities.   
N/A

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5.4. Infrastructure  Back to Table of Contents 
 Exploration Results Mineral Resources Mineral Reserves Competent Person’s Report (CPR) 
(iii) 
  
Statement showing 
that all necessary 
logistics have been 
considered. 
N/A 
5.5. Environmental, Social Performance, and Governance  
 Exploration Results Mineral Resources Mineral Reserves Competent Person’s Report (CPR) 
(i)  General: 
- Confirm that the company or reporting entity 
has addressed the host country environmental 
legal compliance requirements and any 
mandatory and/or voluntary standards or 
guidelines to which it subscribes 
- Identify the necessary permits that will be 
required and their status and where not yet 
obtained, confirm that there is a reasonable 
basis to believe that all permits required for the 
project will be obtained 
- Identify and discuss any sensitive areas that 
may affect the project as well as any other 
environmental factors including Interested and 
Affected Parties ( I&AP) and/or studies that 
could have a material effect on the likelihood of 
eventual economic extraction. Discuss possible 
means of mitigation. 
- Identify any legislated social management 
programmes that may be required and discuss 
the content and status of these. 
- Outline and quantify the material socio-
economic and cultural impacts that need to be 
mitigated, and their mitigation measures and 
where appropriate the associated costs. 
N/A

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5.5.  Environmental, Social Performance, and Governance Back to Table of Contents 
 Exploration Results Mineral Resources Mineral Reserves Competent Person’s Report (CPR) 
(ii) Context: The project context is determined and described, including the 
following aspects: 
• The locality’s physical geography, centers of population, economic and 
cultural characteristics; 
• Existing land and natural resource use for economic, cultural, 
recreational and conservation purposes (inclusive of environmental and 
cultural sites of interest); 
• Existing or historical industrial development and associated 
infrastructure including mining and quarrying in the region; and 
• Local governance structures and administrative bodies, their roles and 
responsibilities in relation to permitting and regulations. 
• Site access routes and any potential impact on environment or local 
communities 
• Provision of energy for activities (e.g. off-grid renewable energy, or 
sourced direct from local non-renewable power grid with plans for 
decarbonisation for future project if possible) 
See Section 1 Project Outline and Section 2 Geological Setting, Deposit, 
Mineralisation for descriptions of locality.  
 
The Tillståndsportal (Permit Portal) available on the website for information 
on permitting, regulations and existing land use. See the company's 
webpage 
https://www.viscaria.com/sv/tillstandsportal/ 
(iii) • High level 
assessment of level of 
water stress (e.g. 
potential for drought, 
flood and impact on 
water quality) 
• High level 
assessment of 
biodiversity (e.g. 
endangered species 
known in area) 
• Associated Environmental and seasonal 
constraint/ control/consent measures/modifying 
factors described 
• Identification of potential climate associated 
risks and impacts 
• Social economic and cultural constraint 
/control/consent measures/ modifying factors 
described 
• Any sensitive areas that may affect the project 
as well as any other environmental factors 
including I&AP and/or studies that could have a 
material effect on the likelihood of eventual 
economic extraction. 
• Management of project waste and anticipated 
requirements for large scale infrastructure for 
mine waste for future, including but not limited to 
waste dumps and tailings dams. 
See the company's application for an environmental permit, found in 
Tillståndsportal at 
https://www.viscaria.com/sv/tillstandsportal/

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33 
 
5.5.  Environmental, Social Performance, and Governance  Back to Table of Contents 
 Exploration Results Mineral Resources Mineral Reserves Competent Person’s Report (CPR) 
(iv) Permits and permission:  Identification of the necessary permits that will be 
required and their status, and where not yet obtained, and confirmation that 
there is a reasonable basis to believe that all permits required for the project 
will be obtained in a timely manner.  Also include any records of penalties / 
fines or revoked permits complete with rationale. 
All public documents relating to the permitting process can be found in 
Tillståndsportal at 
https://www.viscaria.com/sv/tillstandsportal/ 
(v) Liabilities:  Describe 
any known 
rehabilitation activities, 
liability and / or 
compliance costs 
• Describe the best cost estimate for closure 
inclusive of environmental, social material 
remaining liability and compliance costs. 
• Provide a description of mechanisms in place 
to address unplanned closure 
• If appropriate, describe bonding obligations in 
place to ensure that these liabilities can be 
funded on a qualitative and quantitative basis. 
All public documents relating to the permitting process can be found in 
Tillståndsportal at 
https://www.viscaria.com/sv/tillstandsportal/ 
(vi) Description of stakeholder group characteristics 
Records of Community and Stakeholder relationships:  
Records kept of all engagements with all stakeholders from the outset of the 
project; 
A grievance and/or complaints procedure established, stakeholders’ 
issues, concerns recorded and tracked until resolved. 
All public documents relating to the permitting process can be found in 
Tillståndsportal at 
https://www.viscaria.com/sv/tillstandsportal/ 
(vii)  A data management system implemented to 
record and track engagements; 
Provisions made for vulnerable and or 
underrepresented stakeholder groups 
Presence, or not of Indigenous People, if FPIC 
triggered, how is this managed 
N/A 
(viii) Health and safety 
protocols and 
procedures required 
for exploration target 
definition inclusive of 
evidence of adherence 
to them and ongoing 
health and safety 
record. 
Health and safety procedures and protocols, 
including community safety and security, across 
the exploration program inclusive of evidence of 
adherence to them and ongoing health and 
safety record 
• Viscaria Kiruna AB has health and safety protocols and uses the 
GRIA reporting system for systematic safety work. The company has 
standard contracts quality assured by lawyers, as well as associated 
basic requirements and a supplier handbook to meet requir ements 
regarding corruption, bribery and other irregularities, as well as to 
ensure "good suppliers" at Viscaria.

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5.5.  Environmental, Social Performance, and Governance  Back to Table of Contents 
 Exploration Results Mineral Resources Mineral Reserves Competent Person’s Report (CPR) 
(ix) Opportunities for 
contributing to the 
local economy 
identified and utilized 
where appropriate. 
Legislated and or voluntary social development  
programs that may be required and content and 
status of these. 
All public documents relating to the permitting process can be found in 
Tillståndsportal at 
https://www.viscaria.com/sv/tillstandsportal/ 
(x)  Material socio-economic and cultural impacts 
that need to be managed, and where 
appropriate the associated costs. 
N/A 
(xi) Description  of corporate governance board structure: gender, nationality, 
tenure, roles, responsibilities and process for selection of Board members, 
and Board remuneration processes and procedures 
• Gruvaktiebolaget Viscaria is a listed company on Nasdaq and follows 
the requirements and policies of the stock exchange. The company 
has been awarded  by AllBrights Green List (gender equality in 
leadership). See http://www.viscaria.com/en/ 
(xii) • Commitment to GIIP: 
transparency, 
diversity, commitment 
to ESG described 
• Corporate 
commitment to social 
performance 
described/ provided 
• Corporate 
commitment to 
environmental 
stewardship described 
/ provided 
• Description of  how corporate compliance is 
assured and verified 
• Demonstrable commitment to GIIP: 
transparency, diversity, commitment to ESG 
described 
• Demonstrable commitment to social 
performance described 
• Demonstrable commitment to environmental 
stewardship described 
All public documents relating to the permitting process can be found in 
Tillståndsportal at 
https://www.viscaria.com/sv/tillstandsportal/

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35 
 
5.5.  Environmental, Social Performance, and Governance  Back to Table of Contents 
 Exploration Results Mineral Resources Mineral Reserves Competent Person’s Report (CPR) 
(xiii) Integrated Risk 
Management: 
Description of 
identified potential 
modifying factors and 
management actions 
taken to manage them 
where appropriate 
• Description of proposed mitigation plans for 
identified modifying factors and management 
actions taken to manage them where 
appropriate. 
• Description of any additional risks that may 
impact on the long term future of the project, 
even if not deemed to be material at the current 
time. 
• Description of how the risk assessment 
process outlined here is integrated with the 
overall risk management framework for the 
company as a whole. 
All public documents relating to the permitting process can be found in 
Tillståndsportal at 
https://www.viscaria.com/sv/tillstandsportal/ 
5.6. Market Studies and Economic Criteria 
 Exploration Results Mineral Resources Mineral Reserves Competent Person’s Report (CPR) 
(i) not applicable to 
Exploration Results 
Discuss any technical 
and economic factors 
likely to influence the 
prospect of economic 
extraction. 
 Describe the valuable 
and potentially 
valuable product(s) 
including suitability of 
products, co-products 
and by products to 
market. 
N/A

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36 
 
5.6. Market Studies and Economic Criteria Back to Table of Contents 
 Exploration Results Mineral Resources Mineral Reserves Competent Person’s Report (CPR) 
(ii) not applicable to 
Exploration Results 
Discuss any technical 
and economic factors 
likely to influence the 
prospect of economic 
extraction. 
Describe product to be 
sold, customer 
specifications, testing, 
and acceptance 
requirements. Discuss 
whether there exists a 
ready market for the 
product and whether 
contracts for the sale 
of the product are in 
place or expected to 
be readily obtained.  
Present price and 
volume forecasts and 
the basis for the 
forecast. 
N/A 
(iii) not applicable to 
Exploration Results 
Discuss any technical 
and economic factors 
likely to influence the 
prospect of economic 
extraction. 
State and describe all 
economic criteria that 
have been used for the 
study such as capital 
and operating costs, 
exchange rates, 
revenue / price curves, 
royalties, cut-off 
grades, reserve pay 
limits. 
N/A

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37 
 
5.6. Market Studies and Economic Criteria Back to Table of Contents 
 Exploration Results Mineral Resources Mineral Reserves Competent Person’s Report (CPR) 
(iv) 
not applicable to 
Exploration Results 
Discuss any technical 
and economic factors 
likely to influence the 
prospect of economic 
extraction. 
Summary description, 
source and confidence 
of method used to 
estimate the 
commodity price/value 
profiles used for cut-off 
grade calculation, 
economic analysis and 
project valuation, 
including applicable 
taxes, inflation indices, 
discount rate and 
exchange rates.   
N/A 
(v) 
not applicable to 
Exploration Results 
Discuss any technical 
and economic factors 
likely to influence the 
prospect of economic 
extraction. 
Present the details of 
the  point of reference 
for the tonnages and 
grades reported as 
Mineral Reserves (e.g. 
material delivered to 
the processing facility 
or saleable product(s)). 
It is important that, in 
any situation where the 
reference point is 
different, a clarifying 
statement is included 
to ensure that the 
reader is fully informed 
as to what is being 
reported. 
N/A

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38 
 
5.6. Market Studies and Economic Criteria Back to Table of Contents 
 Exploration Results Mineral Resources Mineral Reserves Competent Person’s Report (CPR) 
(vi)   Justify assumptions 
made concerning 
production cost 
including 
transportation, 
treatment, penalties, 
exchange rates, 
marketing and other 
costs. Provide details 
of allowances that are 
made for the content of 
deleterious elements 
and the cost of 
penalties. 
N/A 
(vii)   Provide details of 
allowances made for 
royalties payable, both 
to Government and 
private. 
N/A 
(viii)   State ownership, type, 
extent and condition of 
plant and equipment 
that is significant to the 
existing operation(s). 
N/A 
(ix)   Provide details of all 
environmental, social 
and labour costs 
considered  
N/A

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39 
 
5.7. Risk Analysis Back to Table of Contents 
 Exploration Results Mineral Resources Mineral Reserves Competent Person’s Report (CPR) 
(i) A high-level 
assessment should be 
made of key areas of 
uncertainty which may 
affect exploration 
outcomes.  An 
assessment should be 
provided on the 
chances of exploration 
success, together with 
consideration of any 
potential threats, such 
as ESG aspects, 
which could hinder 
eventual development 
of a mining or 
extraction project in 
the exploration area.” 
Report an assessment of technical, 
environmental, social, economic, political and 
other key risks to the project. Describe actions 
that will be taken to mitigate and/or manage the 
identified risks. 
• This report concerns near -mine exploration, within or directly 
adjacent to existing exploitation concessions. The main risk is the 
lack of sufficient data to declare exploration targets and mineral 
resources. 
• The increasing depth of the deposit introduces risks related to mining 
operations at deep levels. These include higher mining costs as well 
as effects on in situ stress on the rock mass, higher temperature and 
water pressure. The exploration results fall within the current analysis 
for the mining operation, due to their spatial proximity to declared 
mineral resources. 
 
5.8. Economic Analysis 
 Exploration Results Mineral Resources Mineral Reserves Competent Person’s Report (CPR) 
(i) not applicable to 
Exploration Results 
Describe the basis on 
which reasonable 
prospects for eventual 
economic extraction 
have been 
determined, including 
any material 
assumptions made in 
determining the 
‘reasonable prospects 
for eventual economic 
extraction’. 
State and justify the 
inclusion of any 
Inferred Resources in 
the Pre-feasibility and 
Feasibility Studies 
economic analysis. 
Report the sensitivity 
to the inclusion of any 
Inferred Resources. 
N/A

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40 
 
5.8. Economic Analysis Back to Table of Contents 
 Exploration Results Mineral Resources Mineral Reserves Competent Person’s Report (CPR) 
(ii) not applicable to 
Exploration Results 
At the relevant level (Scoping Study, Pre-
feasibility, Feasibility or on-going Life-of Mine), 
provide an economic analysis for the project that 
includes: 
N/A 
(iii) not applicable to 
Exploration Results 
Cash Flow forecast on an annual basis using 
Mineral Reserves or an annual production 
schedule for the life of the project 
N/A 
(iv) not applicable to 
Exploration Results 
A discussion of net present value (NPV), internal 
rate of return (IRR) and payback period of 
capital 
N/A 
(v) not applicable to 
Exploration Results 
Sensitivity or other analysis using variants in 
commodity price, grade, capital and operating 
costs, or other significant parameters, as 
appropriate and discuss the impact of the 
results. 
N/A

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41 
 
Section 6 Estimation and Reporting of Mineral Reserves 
6.1. Estimation and Modelling Techniques Back to Table of Contents 
 Exploration Results Mineral Resources Mineral Reserves Competent Person’s Report (CPR) 
(i) not applicable to 
Exploration Results 
Describe the Mineral Resource estimate used 
as a basis for the conversion to a Mineral 
Reserve. 
N/A 
(ii) not applicable to 
Exploration Results 
Report the Mineral Reserve Statement with 
sufficient detail indicating if the mining is open 
pit or underground plus the source and type of 
mineralisation, domain or ore body, surface 
dumps, stockpiles and all other sources. 
N/A 
(iii) not applicable to 
Exploration Results 
 
If Inferred resources 
are used in assessing 
Mineral reserves, then 
report and discuss a 
comparison between 
the two possibilities, 
the one with inclusion 
of Inferred Mineral 
Resources and the one 
without inclusion, in 
such a way so as not to 
mislead the inv estors. 
Identify the quantity of 
the Inferred Mineral 
Resources included 
and the sensitivity of 
the inclusion to the 
study. 
N/A

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42 
 
6.1. Estimation and Modelling Techniques Back to Table of Contents 
 Exploration Results Mineral Resources Mineral Reserves Competent Person’s Report (CPR) 
(iv) not applicable to 
Exploration Results 
 A Mineral Reserve 
Statement in sufficient 
detail indicating if the 
mining is open pit or 
underground plus the 
source and type of 
mineralisation , 
domain or ore body, 
surface dumps, 
stockpiles and all other 
sources. 
N/A 
(v) not applicable to 
Exploration Results 
 Provide a 
reconciliation  
reporting historic 
reliability of the 
performance 
parameters, 
assumptions and 
modifying factors 
including a comparison 
with the previous 
Reserve quantity and 
qualities, if available. 
Where appropriate, 
report and comment 
on any historic trends 
(e.g. global bias) 
N/A

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43 
 
6.2. Classification Criteria  Back to Table of Contents 
 Exploration Results Mineral Resources Mineral Reserves Competent Person’s Report (CPR) 
(i)   Describe and justify 
criteria and methods 
used as the basis for 
the classification of the 
Mineral Reserves into 
varying confidence 
categories, based on 
the Mineral Resource 
category, and including 
consideration of the 
confidence in all the 
modifying factors. 
N/A 
6.3. Reporting 
 Exploration Results Mineral Resources Mineral Reserves Competent Person’s Report (CPR) 
(i)   Discuss the proportion 
of Probable Mineral 
Reserves, which have 
been derived from 
Measured Mineral 
Resources (if any), 
including the reason(s) 
therefore. 
N/A 
(ii)   Present details of for 
example open pit, 
underground, residue 
stockpile, remnants, 
tailings, and existing 
pillars or other sources 
in respect of the 
Mineral Reserve 
statement 
N/A

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44 
 
6.3. Reporting   Back to Table of Contents 
 Exploration Results Mineral Resources Mineral Reserves Competent Person’s Report (CPR) 
(iii)   Present the details of 
the defined reference 
point for the Mineral 
Reserves. State where 
the reference point is 
the point where the run 
of mine material is 
delivered to the 
processing plant. It is 
important that, in all 
situations where the 
reference point  is 
different, such as for a 
saleable product, a 
clarifying statement is 
included to ensure that 
the reader is fully 
informed as to what is 
being reported. State 
clearly whether the 
tonnages and grades 
reported for Mineral 
Reserves are in 
respect of materi al 
delivered to the plant or 
after recovery. 
N/A 
(iv)   Present a 
reconciliation with the 
previous Mineral 
Reserve estimates. 
Where appropriate, 
report and comment on 
any historic trends (e.g. 
global bias). 
N/A

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45 
 
6.3. Reporting   Back to Table of Contents 
 Exploration Results Mineral Resources Mineral Reserves Competent Person’s Report (CPR) 
(v)   Confirm that only 
Measured and 
Indicated Mineral 
Resources can be 
considered for 
inclusion in the Mineral 
Reserve. 
N/A 
(vi)  State whether the Measured Mineral Resources 
and Indicated Mineral Resources are inclusive of 
or additional to the Mineral Reserves. 
N/A 
6.4. Specific for Metal Equivalents or Combined Grades Reporting 
 Exploration Results Mineral Resources Mineral Reserves Competent Person’s Report (CPR) 
(i) Confirm that all reports comply with section 9 (paragraphs 9.1 to 9.5) of the 
PERC Reporting Standard. N/A 
(ii)  Discuss and describe the basis for the grade 
estimation for each metal relating to the metal 
equivalence or combined grade 
N/A 
(iii)  Disclose all economic criteria that have been 
used for the calculation such as exchange rates, 
revenue / price curves, royalties, cut -off grades, 
pay limits. 
N/A 
(iv)  Discuss the basis for assumptions or predictions 
regarding metallurgical factors such as recovery 
used in the metal equivalents or combined 
grades calculation.  
N/A 
(v)  Show the calculation formula used.  N/A

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46 
 
Section 7 Audits and Reviews 
7.1. Audits and Reviews Back to Table of Contents 
 Exploration Results Mineral Resources Mineral Reserves Competent Person’s Report (CPR) 
(i) State type of review/audit (e.g. independent, external), area (e.g. 
laboratory, drilling, data, environmental compliance etc.), date and name of 
the reviewer(s) together with their recognized professional qualifications. 
State the level of review/audit (desk-top, on-site comparison with standard 
procedures, or endorsement where auditor/reviewer has checked the work 
to the extent they stand behind it as if it were their own work). 
• Exploration results reported here have been subject to peer audits as 
described in Section 3.5.(iii). 
• No formal independent or external review or audit has yet been 
completed for VDD24036 and  VDD25013D, as assay results are 
pending. A full review, including verification of assay data, QA/QC, 
and compliance with reporting standards, will be undertaken once 
assay results are received. At that stage, the review will include both 
desktop and on-site comparisons to standard procedures and will be 
conducted by Competent Persons with recognized professional 
qualifications. 
(ii) Disclose the conclusions of relevant audits or reviews. Note where 
significant deficiencies and remedial actions are required. N/A

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Section 8 Other Relevant Information 
8.1. Other Relevant Information Back to Table of Contents 
 Exploration Results Mineral Resources Mineral Reserves Competent Person’s Report (CPR) 
(i) Discuss all other relevant and material information not discussed 
elsewhere. N/A

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48 
 
Section 9 Qualification of Competent Person(s) and other key technical staff. Date and Signature Page 
9.1. Competent Person Details   Back to Table of Contents 
 Exploration Results Mineral Resources Mineral Reserves Competent Person’s Report (CPR) 
(i) State the full name, registration number and name of the professional 
body or RPO, for all the Competent Person(s). State the relevant 
experience of the Competent Person(s) and other key technical staff who 
prepared and are responsible for the Public Report. 
• Thomas Lindholm is a member of the Fennoscandian Association 
of Metals and Mining Professionals, FAMMP as well as a Fellow of 
AusIMM (#230476).  
• He graduated with a M.Sc. in mining engineering from the Luleå 
University of Technology in 1982 and has since worked in 
exploration and mine development projects in Sweden and abroad. 
(ii) State the Competent Person’s relationship to the issuer of the report. • The Competent Person is independent of the company. 
(iii) Provide the Certificate of the Competent Person, including the date of 
sign-off and the effective date, in the Public Report.  See Competent Person’s Certificate

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APPENDIX 1: FIGURES 
 
Table of Figures 
Figure 1 Geological map of Norrbotten .......................................................................................... 50 
Figure 2 Map of Viscaria’s tenures ................................................................................................. 51 
Figure 3 Plan view of mineralized zone and DH traces – with DH names. .................................... 52 
Figure 4 Long section view of mineralized zone and DH traces – with DH names. Facing NE. ..... 53

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50 
 
 
 
 
Figure 1 Geological map of Norrbotten

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51 
 
 
  
Figure 2 Map of Viscaria’s tenures

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52 
 
 
 
Figure 3 Plan view of mineralized zone and DH traces – with DH names.

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53 
 
 
Figure 4 Long section view of mineralized zone and DH traces – with DH names. Facing NE.

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APPENDIX 2: ASSAY RESULTS 
 
APPENDIX 2.1: Summary 
 
Table 1: Collar table 
Zone Hole ID X Y Z Depth (m) Core size 
D VDD25001B 7531051 144151.2 537.1 1505.5 NQ 
B VDD25013B 7530039 143873 540.3 1106.8 NQ 
B VDD25013C 7530039 143873 540.3 1295.4 NQ 
 
Table 2: Selected intersections 
• Ore grades are weighted by density and length with the formula:  
(length×grade×density) / (length×density) 
• Where there is core loss within the intersection, the intersection is diluted with 0 grade material. 
Intervals with >30cm core loss are excluded from sampling. 
• Density measurements are focused in sampled intervals, with representative samples in non-
sampled intervals. In mineralised and ore zone samples, density measurements were made 
on every sample interval. Measured core pieces were between 8 and 33 cm. Measur ed bulk 
density ranged from 2.43 to 4.74 g/cm3. 
Zone Hole ID From To Total length (m) Cu% Fe% 
D VDD25001B 1470.6 1483.1 12.5 < 0.005 37.5 
B VDD25013B 883.4 902.3 18.9 0.85 19.2 
B VDD25013B 957.1 1033.3 76.2 0.99 12.1 
B VDD25013B 982 986.9 4.9 2.15 10.8 
B VDD25013C 1173.55 1226.55 53 0.84 6.4 
B VDD25013C 1191.7 1197.5 5.8 2.31 15.9 
B VDD25013C 947.5 1048.4 100.9 0.80 11.8 
B VDD25013C 966.7 986.4 19.7 1.22 11.7

===== SIDA 58 =====

55 
 
APPENDIX 2.2: Full assay results 
 
In the drillhole tables below, CU_PCT and FE_PCT columns are thematically colour -coded based on 
value ranges.  
 
In DENSITY column pale pink-shaded values are directly assigned based on the average bulk density 
of the local rock type. The remaining values, i.e., those without shading, have density values derived 
from direct measurements. 
 
In SAMPLE_ID column NO SAMPLE intervals represent unmineralised zones identified by geological 
logging and not submitted for assay. Assay values shown are database placeholders, not analytical 
results. Density values are assigned based on the average bulk density of the local rock type. 
  
HOLE ID: VDD25001B 
DEPTH_FROM DEPTH_TO SAMPLE_LENGTH SAMPLE_ID CU_PCT FE_PCT AG_PPM DENSITY 
692.2 694.2 2 VS070488 0.034 8.26 0.08 2.8 
694.2 696.2 2 VS070489 0.007 7.46 0.02 2.8 
696.2 698.4 2.2 VS070490 0.051 8.3 0.07 2.8 
698.4 700.65 2.25 VS070491 0.021 6.17 0.04 2.8 
700.65 702 1.35 VS070492 0.028 8.41 1.46 2.7 
702 703 1 VS070493 0.009 6.61 0.04 2.7 
703 706 3 VS070494 0.047 6.8 0.06 2.8 
706 709 3 VS070495 0.011 7.13 0.04 2.8 
709 711.7 2.7 VS070496 0.012 6.67 0.02 2.8 
711.7 712.65 0.95 VS070497 0.005 8.3 0.005 2.8 
712.65 713.55 0.9 VS070498 0.06 21.7 0.09 2.8 
713.55 714.2 0.65 VS070499 0.036 6.84 0.04 2.8 
714.2 714.9 0.7 VS070501 0.068 8.04 0.07 2.8 
714.9 717.05 2.15 VS070502 0.006 6.63 0.005 2.8 
717.05 719.3 2.25 VS070503 0.008 6.51 0.03 2.8 
719.3 730.95 11.65 NO SAMPLE 0 5 0 2.8 
730.95 732.65 1.7 VS070504 0.012 5.49 0.005 2.8 
732.65 734.35 1.7 VS070505 0.006 5.04 0.005 2.8 
734.35 737.15 2.8 VS070506 0.023 6.19 0.03 2.8 
737.15 740 2.85 VS070507 0.046 6.79 0.07 2.8 
740 740.75 0.75 VS070508 0.005 8.71 0.02 2.7 
740.75 742.55 1.8 VS070509 0.168 6.85 0.58 2.8 
742.55 744.2 1.65 VS070510 0.038 6.53 0.06 2.8 
744.2 746.05 1.85 VS070511 0.007 6.14 0.005 2.8 
746.05 748.8 2.75 VS070512 0.013 5.91 0.03 2.8 
748.8 780.5 31.7 NO SAMPLE 0 5 0 2.8 
780.5 783.1 2.6 VS070625 0.007 5 0.005 2.8 
783.1 785.7 2.6 VS070626 0.012 5.62 0.005 2.8 
785.7 788.3 2.6 VS070627 0.031 6.21 0.07 2.8 
788.3 789.15 0.85 VS070628 0.649 16.85 1.24 2.8 
789.15 791.7 2.55 VS070630 0.027 5.55 0.06 2.8 
791.7 794.3 2.6 VS070631 0.034 6.16 0.03 2.8 
794.3 844.3 50 NO SAMPLE 0 10 0 3 
844.3 846.9 2.6 VS070632 0.016 13.65 0.06 3 
846.9 849.45 2.55 VS070633 0.028 13.85 0.06 3

===== SIDA 59 =====

56 
 
HOLE ID: VDD25001B 
DEPTH_FROM DEPTH_TO SAMPLE_LENGTH SAMPLE_ID CU_PCT FE_PCT AG_PPM DENSITY 
849.45 849.95 0.5 VS070634 1.765 16.45 2.67 3 
849.95 851.3 1.35 VS070635 0.043 12.6 0.06 3 
851.3 851.95 0.65 VS070636 0.202 13.55 0.55 3 
851.95 854.8 2.85 VS070637 0.044 13.95 0.15 3 
854.8 857.65 2.85 VS070638 0.018 14 0.02 3 
857.65 860.6 2.95 VS070639 0.027 13.9 0.02 3 
860.6 861 0.4 VS070640 0.953 16.95 1.16 3 
861 862.4 1.4 VS070641 0.042 12.5 0.05 3 
862.4 864.45 2.05 VS070642 0.016 11.45 0.005 3 
864.45 866.5 2.05 VS070643 0.049 11.95 0.07 3 
866.5 889.7 23.2 NO SAMPLE 0 10 0 3 
889.7 890.05 0.35 VS070700 0.043 18.2 0.08 2.9 
890.05 891.45 1.4 VS070701 0.136 14 0.21 2.9 
891.45 892.15 0.7 VS070702 0.371 2.59 0.48 2.9 
892.15 894.1 1.95 VS070703 0.031 10.15 0.1 2.9 
894.1 896.5 2.4 VS070704 0.005 13.45 0.03 2.9 
896.5 899.45 2.95 VS070705 0.018 13.55 0.04 2.9 
899.45 900.45 1 VS070706 0.022 9.6 0.06 2.9 
900.45 901.85 1.4 VS070707 0.028 11.9 0.06 2.9 
901.85 904.85 3 VS070708 0.034 9.24 0.09 2.9 
904.85 907.85 3 VS070709 0.012 9.8 0.03 2.9 
907.85 909.85 2 VS070710 0.003 9.38 0.04 2.9 
909.85 911.95 2.1 VS070711 0.016 9.18 0.05 2.9 
911.95 914.6 2.65 VS070712 0.013 9.64 0.06 3 
914.6 917.2 2.6 VS070713 0.009 10 0.03 3 
917.2 918.9 1.7 VS070715 0.007 9.69 0.03 2.9 
918.9 920.8 1.9 VS070716 0.025 8.94 0.06 2.9 
920.8 921.45 0.65 VS070717 0.248 7.88 0.45 2.9 
921.45 924.4 2.95 VS070718 0.024 9.51 0.05 2.9 
924.4 927.3 2.9 VS070719 0.01 8.55 0.02 2.9 
927.3 929.2 1.9 VS070720 0.009 9.8 0.03 2.9 
929.2 931.05 1.85 VS070721 0.014 11.1 0.03 2.9 
931.05 933.15 2.1 VS070722 0.042 18.2 0.09 3 
933.15 935.25 2.1 VS070723 0.017 17.6 0.04 3 
935.25 937.85 2.6 VS070724 0.029 15.55 0.04 3 
937.85 940.05 2.2 VS070725 0.025 15.45 0.08 3 
940.05 943.05 3 VS070726 0.018 15.25 0.07 3 
943.05 945.2 2.15 VS070727 0.025 14.05 0.08 3 
945.2 1165.15 219.95 NO SAMPLE 0 5 0 2.8 
1165.15 1168.15 3 VS071003 0.003 3.92 0.005 2.77 
1168.15 1171.15 3 VS071004 0.012 4.44 0.02 2.8 
1171.15 1174.05 2.9 VS071005 0.055 3.98 0.16 2.81 
1174.05 1174.85 0.8 VS071006 0.012 4.93 0.02 2.8 
1174.85 1177.75 2.9 VS071007 0.021 7.54 0.05 2.78 
1177.75 1180.2 2.45 VS071008 0.007 3.09 0.02 2.75 
1180.2 1181.75 1.55 VS071009 0.063 6.8 0.24 2.77 
1181.75 1183.25 1.5 VS071010 0.147 3.42 0.19 2.74

===== SIDA 60 =====

57 
 
HOLE ID: VDD25001B 
DEPTH_FROM DEPTH_TO SAMPLE_LENGTH SAMPLE_ID CU_PCT FE_PCT AG_PPM DENSITY 
1183.25 1184.55 1.3 VS071011 0.006 6.19 0.005 2.9 
1184.55 1185.45 0.9 VS071012 0.052 6.39 0.03 2.8 
1185.45 1185.85 0.4 VS071013 0.002 5.82 0.005 2.8 
1185.85 1187.2 1.35 VS071014 0.018 3.81 0.03 2.83 
1187.2 1189.1 1.9 VS071015 0.001 7.22 0.02 2.91 
1189.1 1190.15 1.05 VS071017 0.061 2.31 0.03 2.81 
1190.15 1190.45 0.3 VS071018 0.001 9.52 0.02 2.8 
1190.45 1193.2 2.75 VS071019 0 7.48 0.005 2.81 
1193.2 1195.65 2.45 VS071020 0 5.51 0.04 2.8 
1195.65 1198.6 2.95 VS071021 0 6.93 0.005 2.8 
1198.6 1201.6 3 VS071022 0 6.43 0.005 2.8 
1201.6 1204.3 2.7 VS071023 0 6.48 0.005 2.81 
1204.3 1207.3 3 VS071024 0 6.48 0.005 2.8 
1207.3 1210.3 3 VS071025 0 6.42 0.005 2.8 
1210.3 1213.3 3 VS071026 0 6.14 0.02 2.8 
1213.3 1216.3 3 VS071027 0 6.18 0.005 2.8 
1216.3 1219.3 3 VS071028 0 5.94 0.005 2.83 
1219.3 1222.3 3 VS071029 0 5.81 0.04 2.8 
1222.3 1225.3 3 VS071031 0 6.15 0.02 2.8 
1225.3 1228.1 2.8 VS071032 0 5.43 0.005 2.8 
1228.1 1230.2 2.1 VS071033 0 5.5 0.005 2.8 
1230.2 1232.55 2.35 VS071034 0 5.47 0.005 2.93 
1232.55 1234 1.45 VS071035 0 5.32 0.02 3 
1234 1237 3 VS071036 0 6.48 0.03 3 
1237 1239.85 2.85 VS071037 0 6.51 0.005 3 
1239.85 1242.3 2.45 VS071038 0 6.86 0.005 3 
1242.3 1244.85 2.55 VS071039 0 6.61 0.2 3.22 
1244.85 1247.8 2.95 VS071040 0 6.45 0.005 3 
1247.8 1250.8 3 VS071041 0 7.74 0.04 3 
1250.8 1252.9 2.1 VS071042 0 8.94 0.03 3 
1252.9 1255 2.1 VS071043 0 7.59 0.02 3 
1255 1256.4 1.4 VS071045 0 7.74 0.005 3.01 
1256.4 1259.15 2.75 VS071046 0 7.94 0.005 3 
1259.15 1260.75 1.6 VS071047 0 4.12 0.005 3 
1260.75 1262.5 1.75 VS071048 0 4.54 0.005 2.77 
1262.5 1265 2.5 VS071049 0 6.84 0.005 2.89 
1265 1267.2 2.2 VS071050 0 5.95 0.005 2.8 
1267.2 1269.2 2 VS071051 0 5.41 0.005 2.84 
1269.2 1271 1.8 VS071052 0 6.37 0.005 2.89 
1271 1271.95 0.95 VS071053 0 7.7 0.005 2.8 
1271.95 1274.95 3 VS071054 0 6.67 0.005 2.8 
1274.95 1277.95 3 VS071055 0 7.17 0.005 2.8 
1277.95 1280.95 3 VS071056 0 6.5 0.005 2.8 
1280.95 1283.95 3 VS071057 0 6 0.005 2.77 
1283.95 1286.95 3 VS071059 0 6.03 0.005 2.8 
1286.95 1289.95 3 VS071060 0 5.92 0.005 2.8 
1289.95 1292.15 2.2 VS071061 0 5.36 0.005 2.8

===== SIDA 61 =====

58 
 
HOLE ID: VDD25001B 
DEPTH_FROM DEPTH_TO SAMPLE_LENGTH SAMPLE_ID CU_PCT FE_PCT AG_PPM DENSITY 
1292.15 1293.6 1.45 VS071062 0 6.38 0.005 2.8 
1293.6 1296 2.4 VS071063 0 6.75 0.005 2.8 
1296 1298.8 2.8 VS071064 0 1.98 0.005 2.8 
1298.8 1300.7 1.9 VS071065 0 2.51 0.005 2.8 
1300.7 1302.65 1.95 VS071066 0 2.35 0.005 2.8 
1302.65 1304.25 1.6 VS071067 0 1.68 0.005 2.8 
1304.25 1305.9 1.65 VS071068 0 1.28 0.005 2.87 
1305.9 1308.45 2.55 VS071069 0 0.77 0.005 2.8 
1308.45 1311.15 2.7 VS071070 0 0.79 0.005 2.8 
1311.15 1313.5 2.35 VS071071 0 1.4 0.005 2.8 
1313.5 1314.9 1.4 VS071073 0.11 2.69 0.12 2.8 
1314.9 1317.9 3 VS071074 0.001 0.68 0.005 2.75 
1317.9 1320.9 3 VS071075 0.022 0.65 0.02 2.8 
1320.9 1323.9 3 VS071076 0.03 0.46 0.02 2.8 
1323.9 1326.8 2.9 VS071077 0.006 0.62 0.005 2.8 
1326.8 1329.5 2.7 VS071078 0.001 0.76 0.005 2.8 
1329.5 1331.95 2.45 VS071079 0.005 0.99 0.005 2.85 
1331.95 1334.6 2.65 VS071080 0.017 0.97 0.02 2.8 
1334.6 1337.6 3 VS071082 0.001 0.78 0.005 2.8 
1337.6 1340.4 2.8 VS071083 0.001 1.33 0.005 2.8 
1340.4 1343.3 2.9 VS071084 0.001 2.19 0.005 2.8 
1343.3 1345.25 1.95 VS071085 0.001 2.93 0.005 2.91 
1345.25 1346.95 1.7 VS071086 0 1.3 0.005 2.9 
1346.95 1349.75 2.8 VS071087 0 2.23 0.005 2.9 
1349.75 1352.55 2.8 VS071088 0 5.56 0.005 2.93 
1352.55 1353.15 0.6 VS071089 0.003 3.8 0.005 2.9 
1353.15 1355.65 2.5 VS071090 0.001 2.87 0.005 2.91 
1355.65 1356.55 0.9 VS071302 0 1.91 0.005 2.88 
1356.55 1357.25 0.7 VS071303 0.001 2.22 0.005 2.9 
1357.25 1358.55 1.3 VS071304 0 2.38 0.005 2.92 
1358.55 1359.5 0.95 VS071305 0 1.74 0.005 2.9 
1359.5 1360.25 0.75 VS071306 0 7.45 0.005 2.85 
1360.25 1361.35 1.1 VS071307 0 1.87 0.005 2.9 
1361.35 1361.8 0.45 VS071308 0 4.01 0.02 2.89 
1361.8 1363.1 1.3 VS071309 0 3.81 0.005 2.9 
1363.1 1363.75 0.65 VS071310 0 16.7 0.005 3.52 
1363.75 1364.35 0.6 VS071311 0 57.2 0.005 4.54 
1364.35 1365.05 0.7 VS071312 0 4.78 0.005 2.94 
1365.05 1365.6 0.55 VS071313 0 25.7 0.005 3.5 
1365.6 1366.8 1.2 VS071314 0 1.17 0.005 2.9 
1366.8 1368 1.2 VS071316 0 1.62 0.005 2.88 
1368 1369.75 1.75 VS071317 0.001 7.41 0.005 3.06 
1369.75 1370.4 0.65 VS071318 0.001 10.6 0.005 2.95 
1370.4 1371.65 1.25 VS071319 0.001 11.9 0.005 3 
1371.65 1372.7 1.05 VS071320 0.001 14.6 0.005 3 
1372.7 1373.05 0.35 VS071321 0.002 36.8 0.005 3.73 
1373.05 1373.4 0.35 VS071322 0.001 51.2 0.005 3.73

===== SIDA 62 =====

59 
 
HOLE ID: VDD25001B 
DEPTH_FROM DEPTH_TO SAMPLE_LENGTH SAMPLE_ID CU_PCT FE_PCT AG_PPM DENSITY 
1373.4 1373.95 0.55 VS071323 0.001 16.75 0.005 3.1 
1373.95 1374.95 1 VS071324 0 6.87 0.005 3.02 
1374.95 1376.25 1.3 VS071325 0 7.89 0.005 3 
1376.25 1376.95 0.7 VS071326 0 5.94 0.005 2.92 
1376.95 1378.25 1.3 VS071327 0 5.15 0.005 2.92 
1378.25 1379.2 0.95 VS071328 0 2.24 0.005 2.9 
1379.2 1380.4 1.2 VS071330 0 2.02 0.005 2.89 
1380.4 1381.7 1.3 VS071331 0 3.49 0.005 2.89 
1381.7 1382.5 0.8 VS071332 0 11.55 0.005 2.92 
1382.5 1383.4 0.9 VS071333 0 12.35 0.005 2.93 
1383.4 1383.9 0.5 VS071334 0.023 11.3 0.005 2.97 
1383.9 1384.8 0.9 VS071335 0.002 8.67 0.005 3.23 
1384.8 1386.05 1.25 VS071336 0 1.36 0.005 2.9 
1386.05 1387.2 1.15 VS071337 0 1.23 0.005 2.9 
1387.2 1388.25 1.05 VS071338 0.002 1.34 0.005 2.89 
1388.25 1389.5 1.25 VS071339 0.006 1.23 0.005 2.9 
1389.5 1390.8 1.3 VS071340 0.001 1.08 0.005 2.9 
1390.8 1392.1 1.3 VS071341 0.002 1.22 0.005 2.9 
1392.1 1393.15 1.05 VS071342 0 2.97 0.005 2.9 
1393.15 1394.2 1.05 VS071344 0 3.37 0.005 2.9 
1394.2 1394.8 0.6 VS071345 0.001 14.75 0.005 3.07 
1394.8 1395.15 0.35 VS071346 0 7.01 0.005 2.84 
1395.15 1396.35 1.2 VS071347 0 8.06 0.005 2.94 
1396.35 1396.95 0.6 VS071348 0 5.27 0.005 2.91 
1396.95 1397.4 0.45 VS071349 0 17.35 0.005 3.03 
1397.4 1398.55 1.15 VS071350 0 3.27 0.005 2.84 
1398.55 1399.7 1.15 VS071351 0.001 3.94 0.005 2.93 
1399.7 1400.6 0.9 VS071352 0.001 2.7 0.005 2.83 
1400.6 1401.75 1.15 VS071353 0 2.3 0.005 2.83 
1401.75 1402.85 1.1 VS071354 0.001 10.05 0.005 2.94 
1402.85 1403.95 1.1 VS071355 0.001 14.6 0.005 3.14 
1403.95 1404.8 0.85 VS071356 0 12.35 0.005 2.89 
1404.8 1405.65 0.85 VS071357 0.001 11.8 0.02 2.9 
1405.65 1406.7 1.05 VS071359 0.002 11.95 0.005 2.87 
1406.7 1407.6 0.9 VS071360 0 12 0.005 2.93 
1407.6 1408.4 0.8 VS071361 0.029 64.9 0.005 4.74 
1408.4 1408.85 0.45 VS071362 0.003 46.3 0.005 3.58 
1408.85 1410.1 1.25 VS071363 0.004 49.7 0.005 3.91 
1410.1 1411.25 1.15 VS071364 0.003 5.65 0.005 2.93 
1411.25 1412.5 1.25 VS071365 0.018 2.84 0.005 2.9 
1412.5 1413.3 0.8 VS071366 0.001 3.29 0.005 2.91 
1413.3 1414.1 0.8 VS071367 0.001 3.66 0.005 2.91 
1414.1 1415 0.9 VS071368 0.001 2.63 0.005 2.91 
1415 1415.7 0.7 VS071369 0.001 2.87 0.005 2.85 
1415.7 1416.4 0.7 VS071370 0.144 9.31 0.03 2.96 
1416.4 1417.2 0.8 VS071371 0.013 6.79 0.005 2.86 
1417.2 1417.75 0.55 VS071373 0.006 22 0.005 3.15

===== SIDA 63 =====

60 
 
HOLE ID: VDD25001B 
DEPTH_FROM DEPTH_TO SAMPLE_LENGTH SAMPLE_ID CU_PCT FE_PCT AG_PPM DENSITY 
1417.75 1418.55 0.8 VS071374 0.001 20.1 0.005 3.04 
1418.55 1419.85 1.3 VS071375 0.001 19 0.005 3.05 
1419.85 1421.05 1.2 VS071376 0 3.36 0.005 2.81 
1421.05 1422 0.95 VS071377 0 1.75 0.005 2.85 
1422 1422.7 0.7 VS071378 0 0.77 0.005 2.91 
1422.7 1423.95 1.25 VS071379 0.002 0.23 0.005 2.95 
1423.95 1424.85 0.9 VS071380 0 0.11 0.005 2.96 
1424.85 1425.3 0.45 VS071381 0.028 2.43 0.03 2.87 
1425.3 1427.8 2.5 VS071382 0 0.05 0.005 2.9 
1427.8 1430.4 2.6 VS071383 0 0.07 0.005 2.92 
1430.4 1433 2.6 VS071384 0.001 0.09 0.005 2.9 
1433 1435.6 2.6 VS071385 0 0.11 0.005 2.9 
1435.6 1438.45 2.85 VS071387 0 0.15 0.005 2.96 
1438.45 1439.75 1.3 VS071388 0.001 0.14 0.005 2.9 
1439.75 1442.3 2.55 VS071389 0 0.14 0.005 2.9 
1442.3 1443.1 0.8 VS071390 0 0.8 0.005 2.9 
1443.1 1444.4 1.3 VS071391 0.054 2.83 0.005 2.9 
1444.4 1445.7 1.3 VS071392 0.018 2.74 0.005 2.9 
1445.7 1447.3 1.6 VS071393 0.026 4.44 0.005 2.99 
1447.3 1448.65 1.35 VS071394 0.001 0.53 0.005 2.9 
1448.65 1450 1.35 VS071395 0.002 5.44 0.005 2.79 
1450 1451.2 1.2 VS071396 0.002 0.61 0.005 2.9 
1451.2 1451.9 0.7 VS071397 0 0.48 0.005 2.9 
1451.9 1452.65 0.75 VS071398 0 0.33 0.005 2.9 
1452.65 1453.7 1.05 VS071399 0 0.35 0.005 2.9 
1453.7 1454.4 0.7 VS071401 0.006 0.6 0.005 2.95 
1454.4 1455.35 0.95 VS071402 0.03 0.95 0.005 2.9 
1455.35 1456.15 0.8 VS071403 0 0.62 0.005 2.93 
1456.15 1456.7 0.55 VS071404 0 0.49 0.005 2.86 
1456.7 1457.95 1.25 VS071405 0.001 0.63 0.005 2.93 
1457.95 1458.7 0.75 VS071406 0.334 3.42 0.1 3 
1458.7 1459.35 0.65 VS071407 0.072 2.33 0.02 2.95 
1459.35 1460.15 0.8 VS071408 0 0.55 0.005 2.92 
1460.15 1460.9 0.75 VS071409 0 0.56 0.005 2.94 
1460.9 1461.9 1 VS071410 0 0.24 0.005 2.98 
1461.9 1463.15 1.25 VS071411 0 0.24 0.005 2.96 
1463.15 1464.4 1.25 VS071412 0 0.14 0.005 2.92 
1464.4 1465.35 0.95 VS071413 0 0.18 0.005 2.92 
1465.35 1466.35 1 VS071415 0 0.27 0.005 2.95 
1466.35 1467.35 1 VS071416 0 0.29 0.005 2.91 
1467.35 1468.6 1.25 VS071417 0 0.2 0.005 2.92 
1468.6 1469.2 0.6 VS071418 0.07 13.75 0.04 3.05 
1469.2 1470 0.8 VS071419 0.003 20.8 0.005 2.93 
1470 1470.6 0.6 VS071420 0.001 16.8 0.005 3.29 
1470.6 1471.6 1 VS071421 0.012 47.2 0.02 4.05 
1471.6 1471.9 0.3 VS071422 0.004 34.8 0.005 3.09 
1471.9 1472.9 1 VS071423 0.004 36.4 0.005 3.38

===== SIDA 64 =====

61 
 
HOLE ID: VDD25001B 
DEPTH_FROM DEPTH_TO SAMPLE_LENGTH SAMPLE_ID CU_PCT FE_PCT AG_PPM DENSITY 
1472.9 1473.65 0.75 VS071424 0.004 48.9 0.005 4.16 
1473.65 1474.1 0.45 VS071425 0.002 22.9 0.02 3.11 
1474.1 1475.1 1 VS071426 0.002 43.3 0.03 4.07 
1475.1 1475.65 0.55 VS071427 0.002 34.2 0.02 3.85 
1475.65 1476.65 1 VS071429 0.003 49.7 0.005 4.19 
1476.65 1477.75 1.1 VS071430 0 16.65 0.02 3.18 
1477.75 1478.95 1.2 VS071431 0 15.4 0.02 3.3 
1478.95 1480 1.05 VS071432 0.002 46.1 0.005 4.32 
1480 1481.05 1.05 VS071433 0.002 33.7 0.005 3.64 
1481.05 1482 0.95 VS071434 0.003 39 0.005 3.51 
1482 1483.1 1.1 VS071435 0.003 41.2 0.005 3.76 
1483.1 1484 0.9 VS071436 0.001 17.7 0.005 3.12 
1484 1485.05 1.05 VS071438 0.001 4.71 0.005 2.89 
1485.05 1486.05 1 VS071439 0.001 15.6 0.005 3.21 
1486.05 1486.65 0.6 VS071440 0.085 40 0.06 3.34 
1486.65 1487.85 1.2 VS071441 0.056 21.9 0.04 2.92 
1487.85 1488.85 1 VS071442 0.01 8.7 0.005 2.93 
1488.85 1489.8 0.95 VS071443 0.01 9.62 0.005 2.96 
1489.8 1490.2 0.4 VS071444 0.035 10.05 0.005 2.95 
1490.2 1490.8 0.6 VS071641 0.012 9.39 0.005 2.98 
1490.8 1491.9 1.1 VS071642 0.071 8.32 0.04 2.93 
1491.9 1493.2 1.3 VS071643 0.005 8.19 0.005 2.93 
1493.2 1493.6 0.4 VS071644 0.432 21.7 0.13 3.48 
1493.6 1494.6 1 VS071645 0.001 12.7 0.005 3.08 
1494.6 1495.2 0.6 VS071646 0.002 38.1 0.005 3.35 
1495.2 1495.9 0.7 VS071647 0 9.5 0.005 2.97 
1495.9 1496.65 0.75 VS071648 0 12.9 0.005 2.9 
1496.65 1497.4 0.75 VS071649 0.002 29.2 0.005 3.4 
1497.4 1498.4 1 VS071651 0.001 8.48 0.005 2.92 
1498.4 1499.1 0.7 VS071652 0.428 31.6 0.11 3.3 
1499.1 1500.4 1.3 VS071653 0.052 8.61 0.02 2.97 
1500.4 1501 0.6 VS071654 0.19 10.45 0.07 3 
1501 1501.7 0.7 VS071655 0.097 8.03 0.06 2.93 
1501.7 1502.2 0.5 VS071656 0.062 9.14 0.04 2.93 
1502.2 1502.5 0.3 VS071657 0.617 9.54 0.34 2.93 
1502.5 1502.95 0.45 VS071658 0.056 9.59 0.04 2.98 
1502.95 1503.45 0.5 VS071659 0.038 13.5 0.02 2.95 
1503.45 1504.4 0.95 VS071660 0.001 7.65 0.03 2.81 
1504.4 1505.5 1.1 VS071661 0 6.69 0.005 2.87

===== SIDA 65 =====

62 
 
HOLE ID: VDD25013B 
DEPTH_FROM DEPTH_TO SAMPLE_LENGTH SAMPLE_ID CU_PCT FE_PCT AG_PPM DENSITY 
566.9 569.8 2.9 VS072822 0.018 10.05 0.06 2.94 
569.8 572 2.2 VS072823 0.007 8.47 0.03 2.94 
572 573.35 1.35 VS072824 0.016 8.43 0.04 2.94 
573.35 575.7 2.35 VS072825 0.007 9.86 0.03 2.7 
575.7 577.1 1.4 VS072826 0.017 5.6 0.12 2.7 
577.1 578.8 1.7 VS072827 0.011 7.52 0.1 2.7 
578.8 581.8 3 VS072828 0.021 8.28 0.07 2.68 
581.8 583.65 1.85 VS072829 0.042 8.43 0.11 2.7 
583.65 585.2 1.55 VS072830 0.003 9.88 0.02 2.8 
585.2 587.8 2.6 VS072831 0.004 10.75 0.04 2.9 
587.8 590.3 2.5 VS072832 0.008 13.8 0.03 2.8 
590.3 593.3 3 VS072833 0.021 14.55 0.06 2.8 
593.3 596.3 3 VS072834 0.014 12.25 0.03 2.7 
596.3 598 1.7 VS072835 0.123 20.5 0.32 2.8 
598 600.25 2.25 VS072836 0.034 8.44 0.06 2.7 
600.25 602.3 2.05 VS072837 0.035 8.47 0.09 2.7 
602.3 604.75 2.45 VS072838 0.043 8.74 0.12 2.7 
604.75 607.2 2.45 VS072840 0.028 9.03 0.06 2.8 
607.2 609.3 2.1 VS072841 0.021 7.54 0.06 2.8 
609.3 612 2.7 VS072842 0.014 7.06 0.05 2.8 
612 614.3 2.3 VS072843 0.006 8.4 0.03 2.8 
614.3 617.3 3 VS072844 0.014 7.85 0.04 2.8 
617.3 620.3 3 VS072845 0.009 8.74 0.05 2.8 
620.3 623.3 3 VS072846 0.009 7.15 0.11 2.7 
623.3 625 1.7 VS072847 0.018 5.85 0.17 2.7 
625 627.1 2.1 VS072848 0.017 4.75 0.2 2.72 
627.1 629.3 2.2 VS072849 0.004 7.63 0.08 2.62 
629.3 632.2 2.9 VS072850 0.011 6.91 0.18 2.62 
632.2 634.1 1.9 VS072851 0.075 10.1 1.32 2.8 
634.1 635.6 1.5 VS072852 0.035 7.81 0.07 2.77 
635.6 638.3 2.7 VS072853 0.016 9.22 0.08 2.77 
638.3 641 2.7 VS072854 0.004 9.41 0.03 2.77 
641 643 2 VS072856 0.026 10.55 0.06 2.77 
643 644.7 1.7 VS072857 0.028 10.25 0.08 2.77 
644.7 647.3 2.6 VS072858 0.02 6.39 0.07 2.8 
647.3 649.4 2.1 VS072859 0.013 6.86 0.14 2.8 
649.4 652 2.6 VS072860 0.048 7.93 0.56 2.8 
652 653.4 1.4 VS072861 0.071 8.82 0.56 2.8 
653.4 655.7 2.3 VS072862 0.007 6.6 0.07 2.77 
655.7 657.15 1.45 VS072863 0.005 7.04 0.11 2.77 
657.15 657.85 0.7 VS072864 0.008 7.51 0.04 2.8 
657.85 660 2.15 VS072865 0.022 10.2 0.05 2.85 
660 662.3 2.3 VS072866 0.009 11.7 0.02 2.9 
662.3 665.3 3 VS072867 0.01 9.15 0.04 2.9 
665.3 668.3 3 VS072868 0.01 9.77 0.03 2.94 
668.3 671.3 3 VS072869 0.006 11.7 0.02 2.9 
671.3 673 1.7 VS072870 0.011 8.87 0.05 2.97

===== SIDA 66 =====

63 
 
HOLE ID: VDD25013B 
DEPTH_FROM DEPTH_TO SAMPLE_LENGTH SAMPLE_ID CU_PCT FE_PCT AG_PPM DENSITY 
673 674.3 1.3 VS072872 0.113 7.72 0.72 2.9 
674.3 676 1.7 VS072873 0.012 9.23 0.03 2.9 
676 677.7 1.7 VS072874 0.018 9.52 0.05 2.9 
677.7 680.2 2.5 VS072875 0.026 9.93 0.05 2.9 
680.2 682.3 2.1 VS072876 0.03 10.1 0.06 2.9 
682.3 683.3 1 VS072877 0.038 7.12 0.05 2.8 
683.3 686.3 3 VS072878 0.011 9.77 0.04 2.88 
686.3 688.45 2.15 VS072879 0.011 9.47 0.03 2.8 
688.45 690.4 1.95 VS072880 0.032 11.55 0.08 2.8 
690.4 691.85 1.45 VS072881 0.016 7.28 0.04 2.8 
691.85 694.55 2.7 VS072882 0.043 10 0.08 2.81 
694.55 696.5 1.95 VS072883 0.028 11.5 0.06 2.8 
696.5 698.3 1.8 VS072884 0.008 11.25 0.04 2.8 
698.3 699.7 1.4 VS072885 0.009 13.3 0.03 2.8 
699.7 701.75 2.05 VS072886 0.026 13.35 0.05 2.8 
701.75 704.3 2.55 VS072887 0.009 13.25 0.02 2.83 
704.3 707.3 3 VS072889 0.02 14.7 0.04 2.8 
707.3 710.3 3 VS072890 0.009 14 0.02 2.7 
710.3 713.3 3 VS072891 0.02 14.15 0.03 2.7 
713.3 716.3 3 VS072892 0.012 14.15 0.03 2.66 
716.3 719.3 3 VS072893 0.031 14.5 0.06 2.7 
719.3 721.4 2.1 VS072894 0.017 13.65 0.03 2.75 
721.4 723.4 2 VS072895 0.016 13.35 0.02 2.7 
723.4 725.8 2.4 VS072896 0.004 13.45 0.02 2.7 
725.8 727.85 2.05 VS072897 0.026 11.7 0.03 2.7 
727.85 728.3 0.45 VS072898 0.065 11.8 0.1 2.7 
728.3 729.5 1.2 VS072899 0.025 10.8 0.05 2.68 
729.5 731.95 2.45 VS072900 0.034 12.2 0.06 2.7 
731.95 733 1.05 VS072901 0.028 12.05 0.05 2.7 
733 734 1 VS072902 0.052 11.65 0.12 2.72 
734 735 1 VS072903 0.218 10.3 0.25 2.7 
735 737.8 2.8 VS072905 0.022 11.8 0.05 2.7 
737.8 740.6 2.8 VS072906 0.01 12.95 0.03 2.7 
740.6 742.4 1.8 VS072908 0.018 10.85 0.04 2.7 
742.4 744.3 1.9 VS072909 0.016 10.5 0.03 2.7 
744.3 746.35 2.05 VS072910 0.014 13.8 0.04 2.7 
746.35 748.2 1.85 VS072911 0.008 14.1 0.03 2.7 
748.2 749.6 1.4 VS072912 0.031 11.3 0.06 2.7 
749.6 751.35 1.75 VS072913 0.011 12.1 0.04 2.7 
751.35 752.85 1.5 VS072914 0.038 13.45 0.06 2.7 
752.85 754.9 2.05 VS072915 0.008 13.1 0.03 3 
754.9 756.7 1.8 VS072916 0.007 10.2 0.005 3 
756.7 758 1.3 VS072917 0.052 13.2 0.05 3 
758 759.3 1.3 VS072919 0.025 13.6 0.02 3 
759.3 760.6 1.3 VS072920 0.035 14.9 0.04 3 
760.6 761.9 1.3 VS072921 0.076 15.2 0.06 3 
761.9 763.2 1.3 VS072922 0.049 14.1 0.05 3

===== SIDA 67 =====

64 
 
HOLE ID: VDD25013B 
DEPTH_FROM DEPTH_TO SAMPLE_LENGTH SAMPLE_ID CU_PCT FE_PCT AG_PPM DENSITY 
763.2 764.45 1.25 VS072923 0.059 14.6 0.06 3 
764.45 765.75 1.3 VS072924 0.102 15.55 0.06 3 
765.75 767.05 1.3 VS072925 0.022 11.1 0.02 3 
767.05 768.35 1.3 VS072926 0.136 12.85 0.08 3 
768.35 769.55 1.2 VS072927 0.051 16.35 0.05 3 
769.55 770.85 1.3 VS072928 0.061 13.7 0.06 3 
770.85 772.2 1.35 VS072930 0.061 13.2 0.03 3 
772.2 773.2 1 VS072931 0.07 13.7 0.07 3 
773.2 774.3 1.1 VS072932 0.054 13.85 0.08 3 
774.3 775.6 1.3 VS072933 0.041 14.75 0.05 3 
775.6 776.9 1.3 VS072934 0.029 14.45 0.05 3 
776.9 778.2 1.3 VS072935 0.007 14.45 0.005 3 
778.2 779.4 1.2 VS072936 0.012 15.45 0.02 3 
779.4 780.6 1.2 VS072937 0.158 15.25 0.28 3 
780.6 781.9 1.3 VS072938 0.812 16.8 2.07 3 
781.9 783.2 1.3 VS072939 0.161 15.1 0.39 3 
783.2 784.4 1.2 VS072941 0.008 15.9 0.02 3 
784.4 785.7 1.3 VS072942 0.002 15.25 0.005 3 
785.7 786.9 1.2 VS072943 0.019 16.65 0.02 3 
786.9 788.2 1.3 VS072944 0.029 11.45 0.04 3 
788.2 789.5 1.3 VS072945 0.067 13.1 0.08 3 
789.5 790.8 1.3 VS072946 0.107 13.45 0.19 3 
790.8 792.1 1.3 VS072947 0.037 13.25 0.04 3 
792.1 793.4 1.3 VS072948 0.091 13.35 0.12 3 
793.4 794.65 1.25 VS072949 0.104 10.55 0.11 3 
794.65 795.9 1.25 VS072950 0.083 17.9 0.07 3 
795.9 797.2 1.3 VS072952 0.074 13.35 0.09 3 
797.2 798.3 1.1 VS072953 0.059 15 0.08 3 
798.3 799.6 1.3 VS072954 0.016 14.2 0.005 3 
799.6 800.85 1.25 VS072955 0.004 13.6 0.005 3 
800.85 802.2 1.35 VS072956 0.014 14.55 0.005 3 
802.2 803.45 1.25 VS072957 0.05 11.95 0.03 3 
803.45 804.75 1.3 VS072958 0.026 15.7 0.02 3 
804.75 806.05 1.3 VS072959 0.012 14.5 0.02 3 
806.05 807.3 1.25 VS072960 0.019 14.65 0.005 3 
807.3 808.6 1.3 VS072961 0.006 15.5 0.03 3 
808.6 809.95 1.35 VS072963 0.003 14.6 0.02 3 
809.95 811.25 1.3 VS072964 0.01 15.2 0.02 3 
811.25 812.55 1.3 VS072965 0.022 13.3 0.03 3 
812.55 813.85 1.3 VS072966 0.014 11.8 0.005 3 
813.85 815.15 1.3 VS072967 0.013 11.75 0.05 3 
815.15 816.1 0.95 VS072968 0.227 8.22 0.82 3.03 
816.1 817.25 1.15 VS072969 1.61 17.9 5.41 3.46 
817.25 818.4 1.15 VS072970 0.451 24.4 1.48 3.73 
818.4 819.65 1.25 VS072971 0.192 15.4 0.65 3.49 
819.65 820.95 1.3 VS072972 1.13 15.2 4.34 3.4 
820.95 822.25 1.3 VS072974 0.027 14.55 0.07 3

===== SIDA 68 =====

65 
 
HOLE ID: VDD25013B 
DEPTH_FROM DEPTH_TO SAMPLE_LENGTH SAMPLE_ID CU_PCT FE_PCT AG_PPM DENSITY 
822.25 823.55 1.3 VS072975 0.021 13.3 0.09 3 
823.55 824.8 1.25 VS072976 0.012 11.15 0.07 3 
824.8 826.1 1.3 VS072977 0.367 11.4 1.23 3.15 
826.1 827 0.9 VS072978 0.534 21.2 1.69 3.35 
827 827.85 0.85 VS072979 0.748 21.9 2.62 3.26 
827.85 829.15 1.3 VS072980 0.041 11.05 0.15 2.99 
829.15 830.4 1.25 VS072981 0.022 11.3 0.12 3 
830.4 831.55 1.15 VS072982 0.029 9.8 0.1 3 
831.55 832.5 0.95 VS072983 0.073 10.4 0.28 3 
832.5 833.4 0.9 VS072985 0.142 10.25 0.48 3 
833.4 834.65 1.25 VS072986 0.177 11.05 0.55 3.06 
834.65 835.95 1.3 VS072987 0.069 11.2 0.26 3.01 
835.95 837.2 1.25 VS072988 0.163 12.45 0.51 3.25 
837.2 838.5 1.3 VS072989 0.136 11.6 0.46 3 
838.5 839.8 1.3 VS072990 0.136 12.3 0.35 3 
839.8 841.1 1.3 VS072991 0.061 11.9 0.18 3 
841.1 842.4 1.3 VS072992 0.025 13.45 0.14 3 
842.4 843.6 1.2 VS072993 0.015 13.55 0.08 3 
843.6 844.9 1.3 VS072994 0.25 12.55 0.74 3 
844.9 845.8 0.9 VS072996 0.158 14.7 0.42 3.03 
845.8 846.65 0.85 VS072997 0.979 21.4 2.41 3.26 
846.65 847.9 1.25 VS072998 0.156 11.5 0.36 3 
847.9 848.85 0.95 VS072999 0.061 10.35 0.2 3 
848.85 850.1 1.25 VS073000 0.15 10.75 0.39 2.94 
850.1 851.35 1.25 VS073001 0.039 10.5 0.11 2.97 
851.35 852.6 1.25 VS073002 0.202 10.9 0.33 3 
852.6 853.9 1.3 VS073003 0.009 9.99 0.05 2.97 
853.9 855.2 1.3 VS073004 0.057 10.1 0.18 3.03 
855.2 856.45 1.25 VS073005 0.034 11.2 0.11 3.03 
856.45 857.3 0.85 VS073007 0.146 12.65 0.3 3 
857.3 858.5 1.2 VS073008 0.196 12.8 0.41 2.95 
858.5 859.9 1.4 VS073009 0.991 17.35 2.02 2.71 
859.9 861.2 1.3 VS073010 0.6 15.9 1.5 2.93 
861.2 862.45 1.25 VS073011 0.255 12.35 0.55 2.88 
862.45 863.75 1.3 VS073012 0.111 13.85 0.33 3 
863.75 865 1.25 VS073013 0.05 10.95 0.17 3 
865 866.3 1.3 VS073014 0.052 11.7 0.17 3 
866.3 867.5 1.2 VS073015 0.12 11.55 0.32 3 
867.5 868.8 1.3 VS073016 0.206 12.55 0.46 2.94 
868.8 870.1 1.3 VS073018 0.263 10.95 0.62 2.91 
870.1 870.5 0.4 VS073019 1.335 13.3 2.98 3.01 
870.5 871.5 1 VS073020 0.2 10.6 0.52 2.91 
871.5 872.3 0.8 VS073021 0.537 25.5 1.89 3 
872.3 873.3 1 VS073022 0.117 11.4 0.33 3 
873.3 874.4 1.1 VS073023 0.035 11.1 0.1 3 
874.4 875.65 1.25 VS073024 0.132 11.55 0.3 3 
875.65 876.95 1.3 VS073025 0.108 8.87 0.22 3

===== SIDA 69 =====

66 
 
HOLE ID: VDD25013B 
DEPTH_FROM DEPTH_TO SAMPLE_LENGTH SAMPLE_ID CU_PCT FE_PCT AG_PPM DENSITY 
876.95 878.05 1.1 VS073026 0.019 11.35 0.07 3 
878.05 879.35 1.3 VS073027 0.013 9.64 0.11 3 
879.35 880.65 1.3 VS073029 0.089 11.15 0.17 3 
880.65 881.65 1 VS073030 0.084 10.3 0.15 2.9 
881.65 882.5 0.85 VS073031 0.394 11.15 0.85 2.9 
882.5 883.4 0.9 VS073032 0.136 10.15 0.28 3 
883.4 884.13 0.73 VS073033 0.999 17.4 2.01 3.21 
884.13 884.77 0.64 VS073034 0.647 11.4 1.27 3.04 
884.77 886 1.23 VS073035 0.327 9.16 0.56 2.95 
886 887.28 1.28 VS073036 0.358 12.2 0.76 2.95 
887.28 888.37 1.09 VS073037 1.705 27.1 3.23 3.11 
888.37 889.15 0.78 VS073038 1.025 22.7 1.86 3.42 
889.15 890.18 1.03 VS073040 2.08 23.7 3.43 3.16 
890.18 891.2 1.02 VS073041 1.035 20.1 1.93 3.33 
891.2 892.5 1.3 VS073042 0.413 15.95 0.73 3.24 
892.5 893.8 1.3 VS073043 0.099 11.2 0.2 2.9 
893.8 895.05 1.25 VS073044 0.875 14.65 1.51 3.32 
895.05 896.25 1.2 VS073045 0.659 12.8 1.2 3.01 
896.25 897.43 1.18 VS073046 0.06 9.92 0.15 2.95 
897.43 898.7 1.27 VS073047 0.16 8.93 0.31 3.03 
898.7 899.72 1.02 VS073048 0.168 10.8 0.32 2.96 
899.72 900.6 0.88 VS073049 0.374 18.05 0.74 3.04 
900.6 901.5 0.9 VS073050 2.66 56 5.05 4.74 
901.5 902.25 0.75 VS073052 1.475 40.1 2.51 3.85 
902.25 903.55 1.3 VS073053 0.12 10.45 0.26 3.03 
903.55 904.77 1.22 VS073054 0.076 11.7 0.15 2.99 
904.77 906 1.23 VS073055 0.05 10.65 0.1 3 
906 907.25 1.25 VS073056 0.055 11.85 0.08 3 
907.25 908.55 1.3 VS073057 0.049 11.3 0.1 3 
908.55 909.85 1.3 VS073058 0.095 10.45 0.29 3 
909.85 911.15 1.3 VS073059 0.025 9.49 0.07 2.93 
911.15 912.45 1.3 VS073060 0.017 9.99 0.04 3 
912.45 913.75 1.3 VS073061 0.06 10.75 0.11 3 
913.75 915.05 1.3 VS073063 0.069 10.5 0.12 3 
915.05 916.25 1.2 VS073064 0.126 9.66 0.21 3 
916.25 917.5 1.25 VS073065 0.036 10.2 0.07 3 
917.5 918.8 1.3 VS073066 0.038 9.88 0.08 3 
918.8 920.1 1.3 VS073067 0.063 10.6 0.11 3 
920.1 921.4 1.3 VS073068 0.091 11.75 0.18 2.96 
921.4 922.7 1.3 VS073069 0.053 11.85 0.15 3 
922.7 924 1.3 VS073070 0.174 12.5 0.25 3 
924 925.3 1.3 VS073071 0.032 12.9 0.08 3 
925.3 926.6 1.3 VS073072 0.047 13.6 0.18 3.04 
926.6 927.9 1.3 VS073074 0.042 13.7 0.1 3.12 
927.9 929.2 1.3 VS073075 0.081 12.05 0.17 3.04 
929.2 930.55 1.35 VS073076 0.032 10.85 0.07 2.94 
930.55 931.85 1.3 VS073077 0.125 12.65 0.24 2.99

===== SIDA 70 =====

67 
 
HOLE ID: VDD25013B 
DEPTH_FROM DEPTH_TO SAMPLE_LENGTH SAMPLE_ID CU_PCT FE_PCT AG_PPM DENSITY 
931.85 933.15 1.3 VS073078 0.164 11 0.29 2.98 
933.15 934.45 1.3 VS073079 0.051 11.7 0.1 3.26 
934.45 935.75 1.3 VS073080 0.101 10.9 0.17 3.04 
935.75 937.05 1.3 VS073081 0.178 9.6 0.29 2.97 
937.05 938.35 1.3 VS073082 0.258 6.94 0.38 2.95 
938.35 939.25 0.9 VS073083 0.16 7 0.23 2.89 
939.25 940 0.75 VS073085 0.09 8.7 0.18 2.93 
940 941.3 1.3 VS073086 0.14 9.58 0.24 3.05 
941.3 942.4 1.1 VS073087 0.379 13.95 0.45 3.25 
942.4 943.7 1.3 VS073088 0.734 11.05 1.08 3 
943.7 945 1.3 VS073089 0.412 11.65 0.52 3.07 
945 946.25 1.25 VS073090 0.339 13.3 0.5 3.03 
946.25 947.55 1.3 VS073091 1.155 11.95 1.57 3.13 
947.55 948.85 1.3 VS073092 0.624 11.05 0.87 3.1 
948.85 950.1 1.25 VS073093 0.261 10.35 0.34 3.1 
950.1 951.4 1.3 VS073094 0.666 12.95 0.93 3.1 
951.4 952.7 1.3 VS073096 0.257 12.1 0.4 2.99 
952.7 954 1.3 VS073097 0.394 11.1 0.51 2.99 
954 955.3 1.3 VS073098 0.364 11.85 0.54 3.1 
955.3 955.92 0.62 VS073099 0.333 10.2 0.44 3.1 
955.92 957.13 1.21 VS073100 0.31 13.1 0.39 3.1 
957.13 958 0.87 VS073101 2.24 11.75 2.97 3.1 
958 959 1 VS073102 0.622 11 0.81 3.1 
959 960 1 VS073103 0.394 11.1 0.5 3.1 
960 961.2 1.2 VS073104 0.513 10.4 0.67 3.1 
961.2 962.4 1.2 VS073105 0.574 10.55 0.87 3.05 
962.4 963.65 1.25 VS073107 0.736 10.7 1 3.1 
963.65 964.95 1.3 VS073108 0.67 9.67 0.89 3.1 
964.95 966.15 1.2 VS073109 0.704 9.97 0.88 3.1 
966.15 967.3 1.15 VS073110 0.861 10.45 1.01 2.99 
967.3 968.5 1.2 VS073111 0.789 10.75 1.05 3.1 
968.5 969.7 1.2 VS073112 1.06 10.9 1.49 3.1 
969.7 970.95 1.25 VS073113 1.3 12.85 2.06 3.1 
970.95 972.25 1.3 VS073114 1.565 12.75 2.02 3.02 
972.25 973.5 1.25 VS073115 0.78 12.35 0.99 3.1 
973.5 974.75 1.25 VS073116 1.16 16 1.5 3.36 
974.75 976.05 1.3 VS073118 0.486 11.7 0.58 3.1 
976.05 977.35 1.3 VS073119 1.27 12.5 1.74 3.1 
977.35 978.6 1.25 VS073120 1.05 11.95 1.35 3.1 
978.6 979.88 1.28 VS073121 0.984 13.15 1.15 3.03 
979.88 980.75 0.87 VS073122 0.933 11.55 1.12 3.1 
980.75 982 1.25 VS073123 1.1 11.55 1.46 3.1 
982 983.3 1.3 VS073124 2.32 10.7 3.12 2.94 
983.3 984.45 1.15 VS073125 1.8 9.73 2.39 2.94 
984.45 985.75 1.3 VS073126 2.03 10.4 2.77 3.1 
985.75 986.95 1.2 VS073127 2.44 12.15 3.59 3.1 
986.95 988.25 1.3 VS073129 1.155 12.15 1.67 3

===== SIDA 71 =====

68 
 
HOLE ID: VDD25013B 
DEPTH_FROM DEPTH_TO SAMPLE_LENGTH SAMPLE_ID CU_PCT FE_PCT AG_PPM DENSITY 
988.25 989.55 1.3 VS073130 0.363 13.45 0.58 3.1 
989.55 990.85 1.3 VS073131 0.714 12.05 1.07 3.1 
990.85 992.15 1.3 VS073132 0.663 12.85 0.91 3 
992.15 993.4 1.25 VS073133 0.91 11.85 1.49 3.1 
993.4 994.6 1.2 VS073134 0.467 10.1 0.71 3.1 
994.6 995.9 1.3 VS073135 0.361 9.89 0.54 3.1 
995.9 997.2 1.3 VS073136 0.551 9.57 0.86 3.1 
997.2 998.13 0.93 VS073137 1.225 10.95 1.82 3.03 
998.13 999.32 1.19 VS073138 0.799 9.94 1.4 3.1 
999.32 1000.6 1.28 VS073140 0.328 11.8 0.51 3.1 
1000.6 1001.9 1.3 VS073141 0.263 13.25 0.38 3.1 
1001.9 1003.2 1.3 VS073142 0.984 11.3 1.4 3.1 
1003.2 1004.5 1.3 VS073143 0.929 11.9 1.3 3.1 
1004.5 1005.5 1 VS073144 0.316 12.65 0.43 3.1 
1005.5 1006.45 0.95 VS073145 1.725 21.3 2.64 3.33 
1006.45 1007.75 1.3 VS073146 0.454 11.5 0.6 3.1 
1007.75 1009 1.25 VS073147 0.624 11.05 1.17 3.1 
1009 1010.3 1.3 VS073148 0.324 11 0.41 3.1 
1010.3 1011.6 1.3 VS073149 0.756 13.2 0.98 3.09 
1011.6 1012.9 1.3 VS073151 0.654 12.1 0.88 3.1 
1012.9 1013.3 0.4 VS073152 6.89 22.7 8.8 3.1 
1013.3 1014.6 1.3 VS073153 0.114 11.1 0.21 3.1 
1014.6 1015.8 1.2 VS073154 0.76 10.4 1.02 3.1 
1015.8 1016.8 1 VS073155 0.995 12.15 1.65 3.08 
1016.8 1018.1 1.3 VS073156 0.269 11.35 0.53 3.1 
1018.1 1019.4 1.3 VS073157 0.542 13.5 0.85 3.18 
1019.4 1020.2 0.8 VS073158 6.08 25 7.71 3.1 
1020.2 1021.5 1.3 VS073159 0.283 10.95 0.38 3.1 
1021.5 1022.1 0.6 VS073160 5.83 17.45 8.04 3.1 
1022.1 1023.4 1.3 VS073161 0.142 9.22 0.26 3.1 
1023.4 1024.6 1.2 VS073162 0.162 15.2 0.31 2.98 
1024.6 1025.7 1.1 VS073164 0.197 9.58 0.35 2.97 
1025.7 1027 1.3 VS073165 0.518 11.75 0.74 3.1 
1027 1028.3 1.3 VS073166 1.12 14.65 1.55 3.1 
1028.3 1029.6 1.3 VS073167 0.993 12.25 1.33 3.1 
1029.6 1030.6 1 VS073168 1.445 12.65 2.09 3.1 
1030.6 1031.3 0.7 VS073169 0.116 9.52 0.19 3.1 
1031.3 1032.5 1.2 VS073170 2.3 16 3.05 3.25 
1032.5 1033.3 0.8 VS073171 1.01 19.5 1.35 3.1 
1033.3 1034 0.7 VS073172 0.156 14.25 0.26 3.01 
1034 1035.3 1.3 VS073173 0.104 11.25 0.27 3 
1035.3 1036.6 1.3 VS073174 0.093 9.92 0.15 3 
1036.6 1037.9 1.3 VS073175 0.33 9.44 0.44 3 
1037.9 1039.2 1.3 VS073176 0.605 9.57 0.86 3 
1039.2 1040.3 1.1 VS073178 0.376 8.98 0.53 2.88 
1040.3 1041.5 1.2 VS073179 0.255 13.8 0.39 3 
1041.5 1042.3 0.8 VS073180 0.21 11.4 0.25 3

===== SIDA 72 =====

69 
 
HOLE ID: VDD25013B 
DEPTH_FROM DEPTH_TO SAMPLE_LENGTH SAMPLE_ID CU_PCT FE_PCT AG_PPM DENSITY 
1042.3 1044.1 1.8 VS073181 0.927 8.58 1.04 3 
1044.1 1045.4 1.3 VS073182 0.414 10.2 0.51 2.91 
1045.4 1046.7 1.3 VS073183 0.419 9.46 0.61 3 
1046.7 1048 1.3 VS073184 0.314 9.37 0.4 3 
1048 1049 1 VS073185 0.388 10.8 0.46 3.02 
1049 1050.3 1.3 VS073186 0.269 8.96 0.31 3 
1050.3 1051.6 1.3 VS073187 0.215 9.6 0.36 3 
1051.6 1052.9 1.3 VS073188 0.493 10.1 1.16 3 
1052.9 1054.2 1.3 VS073189 0.239 9.78 0.33 3 
1054.2 1055.5 1.3 VS073190 0.188 11.1 0.23 3 
1055.5 1056.5 1 VS073192 0.292 12.75 0.34 2.94 
1056.5 1057.8 1.3 VS073193 0.054 11.65 0.09 3 
1057.8 1059.1 1.3 VS073194 0.123 12.85 0.23 3 
1059.1 1060.4 1.3 VS073195 0.185 11.8 0.28 3 
1060.4 1061.7 1.3 VS073196 0.116 12.65 0.25 3.02 
1061.7 1063 1.3 VS073197 0.121 10.65 0.18 3 
1063 1064.3 1.3 VS073198 0.238 10.35 0.33 3 
1064.3 1065.6 1.3 VS073199 0.346 10.95 0.5 3 
1065.6 1066.9 1.3 VS073200 0.541 9.1 0.64 3 
1066.9 1068.2 1.3 VS073201 0.452 8.49 0.53 2.91 
1068.2 1069.5 1.3 VS073202 0.535 10.55 0.69 2.85 
1069.5 1070.8 1.3 VS073203 0.911 11.45 1.06 3 
1070.8 1072.1 1.3 VS073204 0.114 11.1 0.16 3 
1072.1 1073.4 1.3 VS073206 0.271 8.83 0.41 3 
1073.4 1074.7 1.3 VS073207 1.02 11.8 1.32 2.97 
1074.7 1076 1.3 VS073208 0.188 10.3 0.27 3 
1076 1077.3 1.3 VS073209 0.052 11.8 0.08 3 
1077.3 1078.6 1.3 VS073210 0.85 12.7 1 2.9 
1078.6 1079.6 1 VS073211 0.441 13.05 0.54 3 
1079.6 1080.4 0.8 VS073212 1.185 10.95 1.36 3 
1080.4 1081.2 0.8 VS073213 0.561 9.89 0.72 3 
1081.2 1082.45 1.25 VS073214 0.733 10.1 0.97 3 
1082.45 1083.2 0.75 VS073216 0.216 11.8 0.31 3 
1083.2 1084.3 1.1 VS073217 0.727 10.35 0.86 2.96 
1084.3 1085.62 1.32 VS073219 0.599 11.6 0.68 3 
1085.62 1086.7 1.08 VS073220 0.251 10 0.3 2.99 
1086.7 1087.8 1.1 VS073221 0.112 8.89 0.13 3.02 
1087.8 1088.7 0.9 VS073222 0.042 12.15 0.08 3 
1088.7 1089.3 0.6 VS073223 0.098 18.75 0.13 3 
1089.3 1090.6 1.3 VS073224 0.489 12.45 0.55 2.93 
1090.6 1091.9 1.3 VS073225 0.844 9.76 0.92 3 
1091.9 1093.2 1.3 VS073226 1.105 9.97 1.4 2.89 
1093.2 1094.4 1.2 VS073227 0.5 13.4 0.7 3 
1094.4 1095.6 1.2 VS073228 0.201 10.85 0.22 2.94 
1095.6 1096.6 1 VS073230 0.375 12.2 0.32 3 
1096.6 1097.7 1.1 VS073231 0.805 11.05 0.28 3.2 
1097.7 1099 1.3 VS073232 0.282 11 0.14 3.03

===== SIDA 73 =====

70 
 
HOLE ID: VDD25013B 
DEPTH_FROM DEPTH_TO SAMPLE_LENGTH SAMPLE_ID CU_PCT FE_PCT AG_PPM DENSITY 
1099 1100 1 VS073233 0.079 10.75 0.05 2.95 
1100 1101 1 VS073234 0.261 11.05 0.15 3 
1101 1102 1 VS073235 0.247 10.7 0.15 3.05 
1102 1103.1 1.1 VS073236 0.322 10.85 0.18 3 
1103.1 1104 0.9 VS073237 1.85 12.85 1.28 3 
1104 1105 1 VS073238 0.384 11.75 0.76 2.97 
1105 1106 1 VS073239 0.788 13.6 1.46 3.11 
1106 1106.8 0.8 VS073241 0.14 17.7 0.51 3

===== SIDA 74 =====

71 
 
HOLE ID: VDD25013C 
DEPTH_FROM DEPTH_TO SAMPLE_LENGTH SAMPLE_ID CU_PCT FE_PCT AG_PPM DENSITY 
947.5 948.6 1.1 VS073468 0.456 10.95 0.57 3.38 
948.6 949.7 1.1 VS073469 0.428 9.45 0.52 3.11 
949.7 950.75 1.05 VS073470 0.823 11.5 1.24 3.19 
950.75 952.05 1.3 VS073471 0.333 12.2 0.41 3.35 
952.05 953.35 1.3 VS073472 0.373 11 0.5 3.33 
953.35 954.65 1.3 VS073473 0.272 11.05 0.54 3.13 
954.65 955.95 1.3 VS073474 0.495 12.8 0.63 3.65 
955.95 957.2 1.25 VS073475 0.931 12.45 1.23 3.23 
957.2 958.45 1.25 VS073476 0.719 11.15 0.89 2.95 
958.45 959.65 1.2 VS073478 0.47 10.75 0.55 3.15 
959.65 960.95 1.3 VS073479 0.867 10.25 1.06 3.32 
960.95 962.2 1.25 VS073480 0.832 9.22 1.12 3.1 
962.2 963.5 1.3 VS073481 0.679 11.9 0.88 2.97 
963.5 964.2 0.7 VS073482 0.97 9.43 1.22 3.25 
964.2 965.45 1.25 VS073483 0.605 10.95 0.74 3.13 
965.45 966.7 1.25 VS073484 0.497 9.93 0.65 3.16 
966.7 967.7 1 VS073485 1.04 9.47 1.36 3.12 
967.7 968.7 1 VS073486 0.919 10.2 1.23 3.25 
968.7 969.5 0.8 VS073488 0.757 10.3 0.98 3.07 
969.5 970.8 1.3 VS073489 0.699 9.59 1.04 3.11 
970.8 972.1 1.3 VS073490 1.12 12.4 1.58 3.14 
972.1 973.35 1.25 VS073491 1.295 15.8 1.75 3.41 
973.35 974.6 1.25 VS073492 1.575 12.8 1.92 3.28 
974.6 975.85 1.25 VS073493 1.75 12.8 2.04 3.13 
975.85 976.35 0.5 VS073494 0.747 25.9 0.91 3.62 
976.35 977.5 1.15 VS073495 0.703 10.3 0.78 3.34 
977.5 978.1 0.6 VS073496 0.97 9.98 1.06 3.16 
978.1 979.4 1.3 VS073498 0.78 11.3 0.8 3.22 
979.4 980.7 1.3 VS073499 1.805 10.85 2.34 3.25 
980.7 982 1.3 VS073500 1.895 10.15 2.08 2.98 
982 983.25 1.25 VS073501 1.165 9.62 1.52 3.14 
983.25 984.3 1.05 VS073502 1.94 10.8 2.43 3.23 
984.3 985.35 1.05 VS073503 1.015 10.5 1.34 3.03 
985.35 986.4 1.05 VS073504 1.1 12.1 1.52 3.36 
986.4 987.4 1 VS073505 0.748 12.15 1.04 3.31 
987.4 988.4 1 VS073506 0.473 13.15 0.74 3.27 
988.4 989.45 1.05 VS073507 0.476 13.2 0.68 3.29 
989.45 990.7 1.25 VS073509 0.358 12.85 0.49 3.24 
990.7 992 1.3 VS073510 1.185 13.1 1.68 3.08 
992 993.15 1.15 VS073511 0.491 10.7 0.61 3.06 
993.15 994.45 1.3 VS073512 0.914 11.1 1.08 3.25 
994.45 995.75 1.3 VS073513 0.636 9.31 0.94 3.16 
995.75 996.9 1.15 VS073514 0.715 10.05 0.96 3.02 
996.9 998.2 1.3 VS073515 0.639 9.27 0.85 3.05 
998.2 999.5 1.3 VS073516 0.906 11.4 1.38 3.28 
999.5 1000.8 1.3 VS073518 0.2 13.05 0.33 3.09 
1000.8 1002.1 1.3 VS073519 0.41 12.3 0.58 3.14

===== SIDA 75 =====

72 
 
HOLE ID: VDD25013C 
DEPTH_FROM DEPTH_TO SAMPLE_LENGTH SAMPLE_ID CU_PCT FE_PCT AG_PPM DENSITY 
1002.1 1003.4 1.3 VS073520 0.872 10.7 1.18 3.13 
1003.4 1004.7 1.3 VS073521 0.599 11.6 0.78 3.2 
1004.7 1006 1.3 VS073522 0.749 14.25 1.08 3.52 
1006 1007 1 VS073523 2.35 17.1 4.26 3.1 
1007 1008.15 1.15 VS073524 0.529 10.35 0.72 3.21 
1008.15 1009.25 1.1 VS073525 0.666 11.05 1.03 3.36 
1009.25 1010.4 1.15 VS073526 0.531 11.2 0.75 2.95 
1010.4 1011.7 1.3 VS073528 1.425 14.3 1.92 3.07 
1011.7 1013 1.3 VS073529 0.3 10.4 0.42 3 
1013 1014.3 1.3 VS073530 0.439 8.88 0.65 2.93 
1014.3 1015.55 1.25 VS073531 0.3 11.6 0.55 3.11 
1015.55 1016.85 1.3 VS073532 0.275 9.18 0.45 3 
1016.85 1018.15 1.3 VS073533 0.26 9.71 0.44 2.95 
1018.15 1019.35 1.2 VS073534 0.5 11.7 0.64 3.05 
1019.35 1020.65 1.3 VS073535 0.655 12.45 0.87 3.07 
1020.65 1021.95 1.3 VS073536 0.544 11.7 0.75 3.05 
1021.95 1023.2 1.25 VS073538 0.725 14.5 0.95 3.16 
1023.2 1024.35 1.15 VS073539 0.859 11 1.21 2.99 
1024.35 1025.45 1.1 VS073540 0.571 14.45 0.83 3.02 
1025.45 1026.5 1.05 VS073541 0.121 12.85 0.19 3.04 
1026.5 1027.35 0.85 VS073542 0.212 16 0.27 3.06 
1027.35 1028.3 0.95 VS073543 0.498 13.15 0.64 3.05 
1028.3 1029.55 1.25 VS073544 2.67 28.2 3.47 3.55 
1029.55 1030.8 1.25 VS073545 0.687 10.95 0.92 3.02 
1030.8 1032.1 1.3 VS073546 3.46 12.65 4.29 2.91 
1032.1 1033.15 1.05 VS073547 1.16 12.15 1.44 3.16 
1033.15 1034.4 1.25 VS073549 0.287 12.15 0.35 3.18 
1034.4 1035.3 0.9 VS073550 0.27 9.4 0.34 3 
1035.3 1036.35 1.05 VS073551 0.583 9.45 0.78 2.91 
1036.35 1037.6 1.25 VS073552 0.445 11.55 0.6 3 
1037.6 1038.9 1.3 VS073553 0.761 10.1 0.9 2.97 
1038.9 1040.2 1.3 VS073554 0.742 10.45 0.88 2.97 
1040.2 1041.5 1.3 VS073555 0.409 11.5 0.45 3.12 
1041.5 1042.8 1.3 VS073556 0.156 10.75 0.19 2.98 
1042.8 1043.9 1.1 VS073557 1.18 11.2 1.96 3 
1043.9 1044.9 1 VS073559 1.22 11.1 1.31 3.03 
1044.9 1046.2 1.3 VS073560 0.541 10.65 0.85 3 
1046.2 1047.3 1.1 VS073561 0.5 11.75 0.55 3.03 
1047.3 1048.4 1.1 VS073562 0.692 12.3 1.05 3 
1048.4 1049.5 1.1 VS073563 0.253 11.2 0.32 3 
1049.5 1050.6 1.1 VS073564 0.165 11.8 0.38 3 
1050.6 1051.9 1.3 VS073565 0.327 10.3 0.63 2.96 
1051.9 1053.1 1.2 VS073566 0.212 13.05 0.35 3.06 
1053.1 1054.4 1.3 VS073567 0.164 11.9 0.21 2.93 
1054.4 1055.7 1.3 VS073569 0.452 11.6 0.56 3.12 
1055.7 1057 1.3 VS073570 0.344 12.25 0.4 2.97 
1057 1058.25 1.25 VS073571 0.05 12.25 0.05 2.97

===== SIDA 76 =====

73 
 
HOLE ID: VDD25013C 
DEPTH_FROM DEPTH_TO SAMPLE_LENGTH SAMPLE_ID CU_PCT FE_PCT AG_PPM DENSITY 
1058.25 1059.55 1.3 VS073572 0.052 13.45 0.07 3.14 
1059.55 1060.85 1.3 VS073573 0.144 10.85 0.18 2.88 
1060.85 1062.15 1.3 VS073574 0.186 12.55 0.23 3.08 
1062.15 1063.4 1.25 VS073575 0.158 11.6 0.2 3.13 
1063.4 1064.65 1.25 VS073576 0.495 9.49 0.51 2.98 
1064.65 1065.65 1 VS073577 0.916 8.48 0.9 3.02 
1065.65 1066.95 1.3 VS073579 0.934 10.45 0.89 2.97 
1066.95 1068.2 1.25 VS073580 0.251 12.65 0.28 2.92 
1068.2 1069.5 1.3 VS073581 0.209 9.01 0.28 3.03 
1069.5 1070.6 1.1 VS073582 0.083 8.65 0.13 2.98 
1070.6 1071.7 1.1 VS073583 0.032 8.6 0.06 2.95 
1071.7 1073 1.3 VS073584 0.569 11.05 0.72 3 
1073 1074.3 1.3 VS073585 0.514 11.4 0.99 2.96 
1074.3 1075.6 1.3 VS073586 0.349 11 0.43 2.96 
1075.6 1076.9 1.3 VS073588 0.332 10.7 0.41 2.93 
1076.9 1078.2 1.3 VS073589 0.269 11.6 0.32 3.01 
1078.2 1079.4 1.2 VS073590 0.594 11.75 0.7 3.01 
1079.4 1080.7 1.3 VS073591 0.377 11.75 0.4 3.04 
1080.7 1082 1.3 VS073592 0.611 13.05 0.71 3.02 
1082 1083.3 1.3 VS073593 0.704 10.5 0.93 3.01 
1083.3 1084.6 1.3 VS073594 0.774 12.85 0.84 3.05 
1084.6 1085.9 1.3 VS073595 0.527 11.4 0.6 3.01 
1085.9 1087 1.1 VS073596 0.558 11.2 0.58 3 
1087 1088 1 VS073597 0.68 11.25 0.75 3.08 
1088 1089.15 1.15 VS073599 0.184 8.75 0.24 2.96 
1089.15 1090.35 1.2 VS073600 0.261 9.78 0.36 2.98 
1090.35 1091.65 1.3 VS073601 0.179 10.45 0.15 3.08 
1091.65 1092.95 1.3 VS073602 0.267 16 0.13 3.24 
1092.95 1093.65 0.7 VS073603 0.837 11.35 0.32 3 
1093.65 1094.8 1.15 VS073604 0.376 11 0.09 2.99 
1094.8 1096 1.2 VS073605 0.423 12.9 0.11 3.08 
1096 1097.2 1.2 VS073606 0.226 11.3 0.12 2.93 
1097.2 1098.35 1.15 VS073607 0.093 12.25 0.06 3.04 
1098.35 1099.5 1.15 VS073888 0.013 11.4 0.03 3.49 
1099.5 1100.65 1.15 VS073889 0.033 12.5 0.03 2.98 
1100.65 1101.8 1.15 VS073890 0.012 10.85 0.005 2.99 
1101.8 1102.95 1.15 VS073891 0.206 11.3 1.18 3.06 
1102.95 1104.25 1.3 VS073892 0.314 11.4 0.33 3.47 
1104.25 1105.5 1.25 VS073893 0.576 10.7 0.41 3.52 
1105.5 1106.65 1.15 VS073895 1.94 13.25 1.62 3.34 
1106.65 1107.8 1.15 VS073896 0.57 12.7 0.34 3.05 
1107.8 1109 1.2 VS073897 0.799 13.75 0.61 3.12 
1109 1110.1 1.1 VS073898 0.381 16.2 0.28 3.27 
1110.1 1111.4 1.3 VS073899 0.263 10.5 0.16 3.09 
1111.4 1112.7 1.3 VS073900 0.317 12.75 0.83 3.13 
1112.7 1114 1.3 VS073901 0.109 11.2 0.17 3.23 
1114 1115.15 1.15 VS073902 0.271 11.45 0.24 3.16

===== SIDA 77 =====

74 
 
HOLE ID: VDD25013C 
DEPTH_FROM DEPTH_TO SAMPLE_LENGTH SAMPLE_ID CU_PCT FE_PCT AG_PPM DENSITY 
1115.15 1116.2 1.05 VS073903 0.899 13.25 0.78 3.57 
1116.2 1117.3 1.1 VS073904 0.566 11.15 0.42 3.3 
1117.3 1118.6 1.3 VS073906 0.005 7.33 0.005 3.07 
1118.6 1119.9 1.3 VS073907 0.019 7.24 0.02 3.05 
1119.9 1121.2 1.3 VS073908 0.007 7.56 0.05 3.26 
1121.2 1122.5 1.3 VS073909 0.033 10.55 0.09 3.2 
1122.5 1123.8 1.3 VS073910 0.143 14.45 0.18 3.06 
1123.8 1125.1 1.3 VS073911 0.041 9.55 0.21 2.97 
1125.1 1126.4 1.3 VS073912 0.071 11.15 0.1 3.1 
1126.4 1127.7 1.3 VS073913 0.076 11.15 0.16 3.06 
1127.7 1129 1.3 VS073915 0.467 12.1 0.44 3.06 
1129 1130.3 1.3 VS073916 0.017 13.4 0.03 3.15 
1130.3 1131.6 1.3 VS073917 0.043 11.2 0.03 3.04 
1131.6 1132.4 0.8 VS073918 0.138 10.45 0.03 3.32 
1132.4 1133.3 0.9 VS073919 0.369 16.9 0.11 3 
1133.3 1134.4 1.1 VS073920 0.12 26.7 0.11 2.91 
1134.4 1135.6 1.2 VS073921 0.368 8.72 0.25 2.9 
1135.6 1136.8 1.2 VS073922 0.42 11.35 0.32 3.02 
1136.8 1138 1.2 VS073923 0.091 14 0.11 3.09 
1138 1139.1 1.1 VS073924 0.088 11.9 0.05 2.99 
1139.1 1140.25 1.15 VS073926 0.229 15.65 0.19 3.18 
1140.25 1141.4 1.15 VS073927 0.446 14 0.39 3.16 
1141.4 1142.55 1.15 VS073928 0.033 11.4 0.07 2.98 
1142.55 1143.7 1.15 VS073929 0.146 12.8 0.13 3.3 
1143.7 1144.85 1.15 VS073930 0.045 11.7 0.06 3.02 
1144.85 1145.9 1.05 VS073931 0.011 12.35 0.03 2.98 
1145.9 1146.9 1 VS073932 0.101 13.35 0.11 3 
1146.9 1147.85 0.95 VS073933 0.086 11.9 0.07 3.05 
1147.85 1149 1.15 VS073935 0.012 10.85 0.03 3.01 
1149 1150.15 1.15 VS073936 0.028 11.3 0.03 3.01 
1150.15 1151.3 1.15 VS073937 0.075 10.8 0.06 3.04 
1151.3 1152.35 1.05 VS073938 0.066 9.89 0.05 3 
1152.35 1153.45 1.1 VS073939 0.449 9.79 0.26 3.07 
1153.45 1154.5 1.05 VS073940 0.625 9.22 0.26 3.13 
1154.5 1155.55 1.05 VS073941 0.13 8.43 0.47 2.95 
1155.55 1156.4 0.85 VS073943 0.038 11.75 0.04 3.15 
1156.4 1157.7 1.3 VS073944 0.372 9.71 0.2 2.99 
1157.7 1159 1.3 VS073945 0.024 9.03 0.06 2.95 
1159 1160.3 1.3 VS073946 0.168 9.39 0.74 3.17 
1160.3 1161.6 1.3 VS073947 0.025 7.1 0.09 2.93 
1161.6 1162.9 1.3 VS073948 0.052 8.87 0.17 2.96 
1162.9 1163.6 0.7 VS073949 0.014 8.8 0.05 3.18 
1163.6 1164.3 0.7 VS073950 0.284 9.51 0.33 2.95 
1164.3 1165.55 1.25 VS073951 0.043 5.98 0.06 3 
1165.55 1166.35 0.8 VS073952 0.416 9.5 0.75 3.12 
1166.35 1167.35 1 VS073954 0.063 5.23 0.17 2.94 
1167.35 1168.6 1.25 VS073955 0.121 7.55 0.1 2.96

===== SIDA 78 =====

75 
 
HOLE ID: VDD25013C 
DEPTH_FROM DEPTH_TO SAMPLE_LENGTH SAMPLE_ID CU_PCT FE_PCT AG_PPM DENSITY 
1168.6 1169.9 1.3 VS073956 0.273 7.4 0.25 3.03 
1169.9 1171.1 1.2 VS073957 0.024 7.4 0.02 3.02 
1171.1 1172.3 1.2 VS073958 0.006 7.08 0.02 2.98 
1172.3 1173.55 1.25 VS073959 0.068 6.91 0.1 3.12 
1173.55 1174.75 1.2 VS073960 0.968 10.5 0.68 3.05 
1174.75 1175.5 0.75 VS073961 1.515 10.75 1.1 3.32 
1175.5 1176.25 0.75 VS073963 0.034 9.88 0.05 3.18 
1176.25 1177.15 0.9 VS073964 0.004 5.5 0.04 2.8 
1177.15 1178.15 1 VS073965 1.41 9.54 0.87 2.85 
1178.15 1179.2 1.05 VS073966 1.345 9.75 1.5 3.25 
1179.2 1180.3 1.1 VS073967 1.095 11.1 0.92 2.94 
1180.3 1181.25 0.95 VS073968 1.14 7.23 0.67 3.03 
1181.25 1182.55 1.3 VS073970 0.078 5.6 0.07 2.89 
1182.55 1183.85 1.3 VS073971 0.047 7.17 0.07 2.89 
1183.85 1185.1 1.25 VS073972 0.078 5.57 0.15 2.86 
1185.1 1186.35 1.25 VS073973 1.275 5.2 0.78 3.03 
1186.35 1187.55 1.2 VS073974 0.55 4.32 0.33 3.25 
1187.55 1188.65 1.1 VS073975 0.807 5.92 0.3 3.05 
1188.65 1189.7 1.05 VS073976 1.935 6.58 1.06 3.11 
1189.7 1190.7 1 VS073977 0.07 4.35 0.06 3.11 
1190.7 1191.7 1 VS073978 0.063 5.6 0.05 2.85 
1191.7 1192.85 1.15 VS073980 3.22 15.1 2.43 3.64 
1192.85 1194 1.15 VS073981 3.05 14.95 2.17 3.13 
1194 1195.15 1.15 VS073982 1.835 16.55 1.04 3.3 
1195.15 1196.3 1.15 VS073983 2.44 23.4 1.89 3.85 
1196.3 1197.5 1.2 VS073985 0.954 8.56 0.58 3.2 
1197.5 1198.3 0.8 VS073986 0.256 5.02 0.14 2.92 
1198.3 1199.15 0.85 VS073987 0.421 4.42 0.9 2.92 
1199.15 1199.6 0.45 VS073988 0.872 3.67 0.59 2.93 
1199.6 1200.55 0.95 VS073989 0.051 2.85 0.27 2.9 
1200.55 1201.35 0.8 VS073990 0.632 3.87 2.53 2.77 
1201.35 1202.4 1.05 VS073991 0.146 2.9 0.28 2.86 
1202.4 1203.45 1.05 VS073992 0.108 3.33 0.44 2.88 
1203.45 1204.5 1.05 VS073994 0.471 2.97 2.64 2.73 
1204.5 1205.3 0.8 VS073995 2.16 7.32 1.73 2.83 
1205.3 1206.1 0.8 VS073996 1.84 7.83 1.66 3.04 
1206.1 1207.35 1.25 VS073997 0.312 3.02 0.16 2.69 
1207.35 1208.6 1.25 VS073998 0.336 3.35 0.19 2.72 
1208.6 1209.8 1.2 VS073999 0.218 2.77 0.1 2.73 
1209.8 1210.8 1 VS074000 0.565 3.68 0.39 2.7 
1210.8 1211.8 1 VS074001 0.655 4.51 0.28 2.81 
1211.8 1212.6 0.8 VS074002 0.186 2.68 0.07 2.74 
1212.6 1213.4 0.8 VS074003 2.04 6.41 2.13 2.97 
1213.4 1214.55 1.15 VS074005 0.348 2.9 0.2 2.85 
1214.55 1215.7 1.15 VS074006 0.008 3.11 0.05 2.97 
1215.7 1216.85 1.15 VS074007 0.009 2.97 0.04 2.71 
1216.85 1217.95 1.1 VS074008 0.003 2.83 0.02 2.7

===== SIDA 79 =====

76 
 
HOLE ID: VDD25013C 
DEPTH_FROM DEPTH_TO SAMPLE_LENGTH SAMPLE_ID CU_PCT FE_PCT AG_PPM DENSITY 
1217.95 1219.1 1.15 VS074009 0.027 2.12 0.12 2.73 
1219.1 1220.25 1.15 VS074010 1.02 3.7 2.77 2.79 
1220.25 1221.4 1.15 VS074011 0.218 3.08 0.16 2.92 
1221.4 1222.55 1.15 VS074012 0.011 2.12 0.02 3.07 
1222.55 1223.7 1.15 VS074013 0.293 2.97 0.1 2.77 
1223.7 1224.85 1.15 VS074015 0.436 2.43 0.56 2.71 
1224.85 1226.1 1.25 VS074016 0.197 2.93 0.12 2.76 
1226.1 1226.55 0.45 VS074017 7.12 9.45 1.65 2.98 
1226.55 1227.65 1.1 VS074018 0.026 1.95 0.03 2.68 
1227.65 1228.75 1.1 VS074019 0.011 1.85 0.005 2.66 
1228.75 1231 2.25 VS074021 0.1 8.76 0.26 3.03 
1231 1233.25 2.25 VS074022 0.025 9.1 0.03 2.86 
1233.25 1235.45 2.2 VS074023 0.005 9.44 0.005 2.95 
1235.45 1238.15 2.7 VS074024 0.002 3.17 0.005 2.7 
1238.15 1240.25 2.1 VS074025 0.006 9.27 0.005 2.92 
1240.25 1242.35 2.1 VS074026 0.006 8.68 0.005 2.92 
1242.35 1244.55 2.2 VS074027 0.001 4.02 0.31 2.75 
1244.55 1246.7 2.15 VS074028 0.001 2.08 0.005 2.78 
1246.7 1247.6 0.9 VS074029 0.001 2.94 0.005 2.66 
1247.6 1250.3 2.7 VS074031 0 2.45 0.005 2.71 
1250.3 1253 2.7 VS074032 0 1.95 0.005 2.75 
1253 1255.7 2.7 VS074033 0.003 2.12 0.02 2.72 
1255.7 1256.55 0.85 VS074034 0.017 6.08 0.06 2.83 
1256.55 1258.15 1.6 VS074035 0.014 2.25 0.005 2.77 
1258.15 1260.35 2.2 VS074036 0 1.97 0.005 2.71 
1260.35 1262.55 2.2 VS074037 0.072 2.32 0.21 2.86 
1262.55 1264.75 2.2 VS074038 0.008 1.4 0.02 2.7 
1264.75 1266.35 1.6 VS074040 0.02 5.08 0.07 2.72 
1266.35 1268.85 2.5 VS074041 0.021 8.9 0.05 2.89 
1268.85 1271.85 3 VS074042 0.011 8.96 0.02 3.19 
1271.85 1274.85 3 VS074043 0.019 10.5 0.02 3.05 
1274.85 1277.85 3 VS074044 0.052 12.35 0.04 3.04 
1277.85 1279.6 1.75 VS074045 0.042 12.6 0.04 3.1 
1279.6 1281.35 1.75 VS074046 0.017 9.81 0.03 3.05 
1281.35 1281.8 0.45 VS074047 0.006 9.58 0.02 3.1 
1281.8 1284.8 3 VS074048 0.029 9.55 0.08 3.11 
1284.8 1287.8 3 VS074050 0.015 9.1 0.02 3.03 
1287.8 1290.8 3 VS074051 0.01 9.22 0.005 3.04 
1290.8 1293.1 2.3 VS074052 0.012 9.45 0.02 3.01 
1293.1 1295.1 2 VS074053 0.037 9.05 0.08 2.98

===== SIDA 80 =====

77 
 
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 81 =====

78 
 
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 2026-02-10. 
 
Thomas Lindholm, member of FAMMP, Fellow AusIMM (#230476)