Resource Estimate

Mineral Resource Estimate Details

White Gold Project, Yukon Territory, Mineral Resource Statement, ACS August 19, 2025.

Area	Type	Classification	Cut-off (g/t)	Tonnes (000's)	Grade (g/t)	Contained Gold (oz)
Golden Saddle	Open Pit	Indicated	0.3	31,030	1.62	1,614,400
		Inferred		7,841	1.07	268,700
	Underground	Indicated	2.3	23	2.89	2,100
		Inferred		105	3.19	10,800
Arc	Open Pit	Indicated	0.3	4113	0.88	115,800
		Inferred		12,246	1.01	397,000
Ryan	Open Pit	Inferred	0.3	5,693	1.53	280,300
	Underground	Inferred	2.3	127	3.19	13,100
QV	Open Pit	Inferred	0.3	6,285	1.46	296,000
All Deposits	Open Pit	Indicated	0.3	35,143	1.53	1,730,200
All Deposits	Open Pit	Inferred		32,065	1.20	1,242,000
All Deposits	Underground	Indicated	2.3	23	2.84	2,100
All Deposits	Underground	Inferred		232	3.20	23,900
All Deposits	Total	Indicated		35,166	1.53	1,732,300
All Deposits	Total	Inferred		32,297	1.22	1,265,900

1. Mineral Resources which are not Mineral Reserves do not have demonstrated economic viability.
2. The estimate of Mineral Resources may be materially affected by environmental, permitting, legal, title, taxation, socio-political, marketing, or other relevant issues.
3. The Inferred Mineral Resource in this estimate has a lower level of confidence than that applied to an Indicated Mineral Resource and must not be converted to a Mineral Reserve. It is reasonably expected that the majority of the Inferred Mineral Resource could be upgraded to an Indicated Mineral Resource with continued exploration.
4. The Mineral Resources in this report were estimated using the Canadian Institute of Mining, Metallurgy and Petroleum (CIM), CIM Standards on Mineral Resources and Reserves, Definitions and Guidelines prepared by the CIM Standing Committee on Reserve Definitions and adopted by the CIM Council.
5. Open pittable resources are constrained by GEOVIA Whittle optimized pit shells using a 0.3 g/t Au cut-of grade and are considered to have reasonable prospects for eventual economic extraction, assuming a gold price of US$2,250 per ounce, a C$:US$ exchange rate of 0.70, an open pit mining cost of CDN$3.25 per tonne, a processing and G&A cost of CDN$27.50 per tonne milled, and gold recoveries of 92% for Golden Saddle, and VG, along with 85% for Arc and Ryan's Surprise. Underground resources assume a mining cost of CDN$120/tonne.
6. The following bulk density values for mineralized material were used: Golden Saddle (2.62 - 2.65 t/m³), Arc (2.55 t/m³), Ryan's Surprise (2.63 t/m³) and VG (2.65 t/m³).
7. High-grade gold assay values have been capped as follows: Golden Saddle and Arc (8 - 18 g/t Au), Ryan's Surprise (9 g/t Au) and VG (3 - 10 g/t Au).
8. The Statement of Estimates of Mineral Resources has been compiled by Mr. Gilles Arseneau, Ph.D., P.Geo, of ARSENEAU Consulting Services ("ACS"). Mr. Arseneau has sufficient experience that is relevant to the style of mineralization and type of deposit under consideration and to the activity that he has undertaken to qualify as a Qualified Person as defined in the CIM Standards of Disclosure.
9. All numbers are rounded. Overall numbers may not be exact due to rounding.

• 1,732,300 ounces of gold in Indicated Resources within 35.2 million tonnes grading 1.53 g/t Au, representing 57.8% of total resources.
• 1,265,900 ounces of gold in Inferred Resources within 32.2 million tonnes grading 1.22 g/t Au, representing 42.2% of total resources.
• Golden Saddle Main Zone hosts a consistent high-grade core containing 1,100,000 oz Indicated (12.3 Mt @ 2.84 g/t Au) and 93,000 oz Inferred (1.4 Mt @ 2.03 g/t Au) at a 1.0 g/t cut-off. At a 3.0 g/t cut-off, this core contains 695,000 oz Indicated (4.4 Mt @ 4.88 g/t Au) and 35,000 oz Inferred (269 kt @ 4.07 g/t Au), underscoring the robust grade profile of the deposit.
• Indicated and Inferred Resources have increased by 44% and 13.43% respectively, compared to the previous 2024 MRE⁽¹⁾.
• 99% of the resources are near surface and contained within open pit mine designs.