Updated Paris Project Drilling Results
Released
Released
Announcement PDF
Investigator Silver Limited | ABN: 90 115 338 979 | Level 1, Suite 4, 136 Greenhill Rd, Unley SA 5061 Australia | ASX: IVR | www.ivrsilver.com.au
9 November 2026
PARIS DRILLING RESULTS UPDATE
THICK HIGH-GRADE SILVER INTERCEPTS INCLUDING 10m @ 2,662g/t Ag
HIGHLIGHTS
• Further assays received from the reverse circulation (RC) drilling around the Paris Deposit continue to
demonstrate high grade intercepts outside of the current pit design.
Upgraded1
or newly reported results include:
o 10m @ 2,662g/t Ag from 78m in PPRC968, including
4m @ 5,448g/t Ag from 78m; and
1m @ 13,302g/t Ag from 80m.
o 4m @ 2,119g/t Ag from 111m in PPRC957, including
2m @ 4,211g/t Ag from 111m; and
1m @ 8,120g/t Ag from 112m.
o 5m @ 426g/t Ag from 49m in PPRC965, including
2m @ 822g/t Ag from 49m; and
1m @ 1,545g/t Ag from 50m.
o Other high-grade intercepts include:
7m @ 143g/t Ag from 34m in PPRC985;
8m @ 118g/t Ag from 93m in PPRC969;
3m @ 275g/t Ag from 91m in PPRC970; and
9m @ 110g/t Ag from 81m in PPRC948.
• Over 12,000m of the ~ 30,000m drilling program completed, targeting resource conversion and extensions
to mineralisation beyond the current Definitive Feasibility Study (DFS) mine plan2
.
Investigator Silver Limited (ASX: IVR) (“Investigator” or “the Company”) is pleased to report further exceptional high
grade silver assay results from its 2026 drilling program at the 100% owned Paris Silver Project in South Australia.
The latest results, including an outstanding intersection of 10m @ 2,662g/t silver, further demonstrate the significant
high-grade mineralisation present around the existing Paris Deposit and reinforce the exciting potential to expand
the silver inventory beyond the current DFS.
The updated results include first results from Paris West, further assays from Paris North, Paris East, and Paris Deeps,
together with regional drilling at Alexander East, Manto and Helen. Assays remain outstanding from a small portion
of the drilling program and will be incorporated in future releases on receipt in order to maintain full disclosure.
1 Upgraded intersection where assays for intervals were delayed and previously reported (ASX 1 September 2026) as partial received drill hole with awaited
unreturned intervals identified.
2 ASX 27th February, 2026; Paris DFS Confirms Maiden Ore Reserve, Strong Economics.
2
Commenting on these results, Investigator Silver Managing Director, Lachlan Wallace, said:
“These exceptional high-grade silver results are another exciting outcome from our ongoing drilling
campaign at Paris. The outstanding intersections, including 10m at 2,662 g/t silver, highlight the quality
of the mineralised system and provide clear opportunities for growth of the silver inventory beyond the
pit design that was used the DFS.
With our substantial 30,000-metre drilling program continuing to advance, we remain focused on
expanding the Paris silver inventory and unlocking further value from the Project. These results
reinforce our confidence in the opportunities surrounding the existing deposit, and we look forward to
reporting further results as we progress Paris towards development.”
2026 Drilling Program
The 2026 program is designed to progress three parallel objectives:
• Assess potential pit expansion opportunities through targeted drilling around the margins of the pit design
used in the Paris Definitive Feasibility Study2
;
• Improve geological confidence in the early stages of the proposed mine plan through closer-spaced
drilling to support detailed mine planning and lender due diligence, and
• Commence a district-scale silver exploration program with drilling of priority targets within the Paris
Corridor.
Figure 1 - Paris 2026 RC drilling, showing historic drilling, key regional targets, 2026 DFS Paris Deposit pit outline, tenure, the Paris Silver corridor. Shown on
colourised 1VD AMAG image.
Paris drilling is assessing potential pit expansion opportunities along the margins of the DFS pit, including areas where
additional drilling could improve geological confidence and support conversion of existing Inferred Resources to the
Indicated category.
3
This announcement reports results available at the time of compilation, with tables and intersections clearly
annotated where results remain outstanding. Silver intersections at Paris are reported using a 20g/t Ag lower cut-off,
regarded as of significance taking into account resource estimation reporting cutoff of 25g/t. Regional RC silver
intersections at Alexander East, Manto and Helen are reported using a 10g/t Ag lower cut-off reflective of significance
of lower level anomalism at a regional exploration scale.
Extensional drilling around the Paris Pit
Drilling at Paris East, Paris West and Paris North is designed to evaluate growth potential around the margins of the
DFS pit. Further results have now been received from each area, including high-grade silver intersections at Paris East
and Paris North and a new significant intersection at Paris West. These results will inform further infill and expansion
drilling aimed at improving grade continuity and geological confidence, with additional holes planned as shown in
Figure 2, below.
Figure 2 - Paris Deposit H1 2026 RC drilling, showing historic drilling, 2026 DFS Paris optimised pit outline, main targets and key results to date. cross-sections
annotated for reference. Shown on satellite true colour image.
Paris East and Paris West
Drilling at Paris East and Paris West tested interpreted continuations of mineralisation beyond the eastern and
western margins of the pit design used in the 2026 DFS. These areas flank a narrow central section of the pit, where
recent drill results indicate potential to support a broader pit design. Converting existing Inferred Resource estimates
in these areas to higher-confidence categories could increase the mineral inventory available for inclusion in the mine
plan and simplify the overall pit geometry.
4
A narrow, late-stage volcanic dyke sub parallel to a historic drill section at Paris East disrupted mineralisation
intersected in that drill section. Recent drilling either side of this narrow dyke has confirmed the continuation of
argillic-altered volcanic breccias and dolomitic marble basement sequences beyond the current DFS pit margins, and
the disruption appears to be localised to the vicinity of the dyke. The latest assays have extended several previously
reported intersections and identified additional mineralised intersections.
Assays have now been received from all holes PPRC963-PPRC986.
Significant results include:
• PPRC968 returned multiple mineralised intervals, including 10m @ 2,662g/t Ag from 78m, including
4m @ 5,448g/t Ag from 78m and
1m @ 13,302g/t Ag from 80m; and an additional
12m @ 112g/t Ag from 33m.
• PPRC965 returned 5m @ 426g/t Ag from 49m, including
2m @ 822g/t Ag from 49m and
1m @ 1,545g/t Ag from 50m.
• PPRC970 returned 3m @ 275g/t Ag from 91m.
• PPRC969 returned 8m @ 118g/t Ag from 93m.
• PPRC966 returned 4m @ 98g/t Ag from 47m.
• PPRC971 returned 8m @ 58g/t Ag from 45m
• PPRC985 returned 7m @ 143g/t Ag from 34m.
Figure 3 presents drilling over a section window of +/-40m and shows mineralisation associated with the continuation
of breccia and the faulted metasedimentary contact. Additional infill drilling is being undertaken to extend coverage
to nominal 25m x 25m spacing suitable for future Mineral Resource estimation in this area.
Refer to Appendix 2 for the full table of significant Paris intersections.
Figure 3 - Paris West and Paris Easton representative section showing mineralised intersections reported in the context of the 2026 DFS Pit. Section width +/-
20m. Refer to Figure 2 for section location in GDA2020 MGA Zone 53.
5
Paris North
Paris North drilling targeted gaps in the broadly spaced historical drilling to better define the continuity of
mineralisation. The program aims to improve geological confidence and support conversion of existing Inferred
Resource estimates to the Indicated category in a future Mineral Resource estimate. Assays remain outstanding for
portions of several holes.
Significant results include:
• PPRC957 returned 4m @ 2,119g/t Ag from 111m, including
2m @ 4,211g/t Ag from 111m and
1m @ 8,120g/t Ag from 112m.
• PPRC948 returned 9m @ 110g/t Ag from 81m, 5m @ 54g/t Ag from 23m* and 2m @ 36g/t Ag from 76m*.
• PPRC958 returned 12m @ 49g/t Ag from 8m,
• PPRC959 returned 7m @ 32g/t Ag from 51m and 8m @ 42g/t Ag from 59m.
• Other results include 8m @ 38g/t Ag from 66m in PPRC950, 5m @ 55g/t Ag from 41m in PPRC951 and 8m
@ 31g/t Ag from 69m in PPRC944.
The broader intervals returned at Paris North support the interpreted continuity of silver mineralisation across
several drill lines.
All significant Paris North intersections are listed in Appendix 2.
Figure 4 - Paris North representative section showing mineralised intersections reported in the context of the 2026 DFS Pit. Section width 40m. Refer to Figure 2
for section location in GDA2020 MGA Zone 53.
Paris Deeps
Five inclined RC holes were drilled at Paris Deeps to test mineralised trends beneath the DFS pit outline. The holes
intersected metasedimentary sequences consistent with the geological interpretation at this locality.
Significant results include:
• 6m @ 111g/t Ag from 256m in PPRC929;
• 2m @ 115g/t Ag from 251m, 1m @ 215g/t Ag from 266m and 1m @ 61g/t Ag from 273m in PPRC931.
6
Regional Drilling Results
Regional results are provided in Appendices 3 and 4 for balanced reporting. Regional RC silver intersections were
calculated using a 10g/t Ag lower cut-off. Minor mineralised intersections were returned from drilling at Alexander
East and Helen prospects. Silver anomalism was absent from the revised drilling at Manto, however evidence of
brecciation and anomalism in other elements support further work on this prospect given the broad drilling to date.
Next Steps
The 30,000m RC drilling program, which commenced in September, is continuing with a focus on:
• Completing closer-spaced infill drilling within part of the proposed starter pit to improve understanding of
local grade continuity and support detailed mine planning;
• Completing infill and extension drilling around the DFS pit margins to improve geological confidence,
maximise resource conversion and assess potential pit expansion opportunities; and
• Continuing district-scale exploration drilling of priority silver targets within the Paris Corridor.
Results will be incorporated into an updated Mineral Resource estimate targeted for CY2027, which will inform
assessment of potential changes to the pit design and mine plan in the updated DFS.
For and on behalf of the Board.
Lachlan Wallace
Managing Director
For further information, please contact:
Lachlan Wallace
Managing Director
+ 61 (0) 8 7325 2222
lwallace@ivrsilver.com.au
7
About the Paris Silver Project – 100% Investigator Silver
Investigator’s 100% owned Paris Silver Project is located 70km north of the rural township of Kimba on South
Australia’s Eyre Peninsula. The Paris Silver Project, with a JORC 2012 resource of 24Mt @ 73g/t silver and 0.41% lead
for 57Mozs silver and 99kt lead3
, is a shallow high-grade intermediate sulphidation epithermal silver deposit
amenable to open pit mining, providing outstanding exposure to a metal with strong commodity, renewable energy
and manufacturing demand. With positive outcomes of the Paris Project’s Definitive Feasibility Study was reported
in February 2026, including the release of a Maiden Ore Reserve estimate, the company has lodged a Mining Lease
Application (MLA) with the South Australian Department for Energy and Mining4
. In step with the MLA assessment
process, the company is undertaking the work required to ensure the project is financially and operationally ready at
pending grant of a Mining Lease to take advantage of a strong silver commodity price to which the Paris Project is
significantly leveraged towards.
Competent Person Statement
Exploration Results: The information in this report relating to Exploration Results is based on, and fairly represents, information and supporting
documentation prepared by Mr Jason Murray who is a Member of the Australasian Institute of Mining and Metallurgy (AusIMM) and a full-time
employee of the Company. Mr Murray has sufficient experience relevant to the style of mineralisation and type of deposit under consideration, and
to the activity being undertaken, to qualify as a Competent Person as defined in the 2012 Edition of the “Australasian Code for Reporting of
Exploration Results, Mineral Resources and Ore Reserves”. Mr Murray consents to the inclusion in this report of the matters based on his information
in the form and context in which it appears.
Mineral Resource Estimates: The information in this report that relates to the Paris Mineral Resource Estimate is extracted from the ASX
announcement “Paris Mineral Resource Estimate Update” dated 5 July 2023. The Company confirms that it is not aware of any new information or
data that materially affects the information included in the original market announcement and that all material assumptions and technical parameters
underpinning the estimate continue to apply and have not materially changed.
Ore Reserves: The information in this report that relates to the Paris Ore Reserve is extracted from the ASX announcement “Paris DFS Confirms
Maiden Ore Reserve, Strong Economics” dated 27 February 2026. The Company confirms that it is not aware of any new information or data that
materially affects the information included in the original market announcement and that all material assumptions and technical parameters
underpinning the estimate continue to apply and have not materially changed.
Paris Mineral Resource and Ore Reserve
Category Mt Ag g/t Ag Moz Pb Kt
Indicated 17 75 41 85
Inferred 7.2 67 16 14
Total 24 73 57 99
2023 Paris Silver Project Mineral Resource estimate (25g/t silver cut-off grade). Totals may differ due to rounding.
Category Mt Ag g/t Ag Moz
Probable 12 88 33
Total 12 88 33
2026 Paris Silver Project Ore Reserve estimate (variable cut-off grade based on geometallurgical domains: BT 28.5g/t, BTM 24g/t, DOL 23g/t).
3
ASX 5 July 2023; Paris Mineral Resource Estimate Update
4 ASX 19 August 2026; Investigator Lodges Mining Lease Application
8
APPENDIX 1: Drill Hole Collar Information
Hole ID Type
Drilled
Year
Reported
Previously
Prospect East (m) North (m)
RL
(m)
Dip
(°)
Azi
(°)
EOH
(m)
PPRC924 RC 2026 Yes Alexander East 593502 6387269 167 -90 NA 168
PPRC925 RC 2026 Yes Alexander East 593294 6387329 171 -90 NA 150
PPRC926 RC 2026 Yes Alexander East 593211 6387444 176 -90 NA 126
PPRC927 RC 2026 Yes Alexander East 593442 6387460 170 -90 NA 138
PPRC928 RC 2026 Yes Paris Deeps 593959 6387376 175 -60 59 252
PPRC929 RC 2026 Yes Paris Deeps 593979 6387341 176 -60 55 270
PPRC930 RC 2026 Yes Paris Deeps 593977 6387288 176 -60 50 264
PPRC931 RC 2026 Yes Paris Deeps 594048 6387292 176 -60 52 282
PPRC932 RC 2026 Yes Paris Deeps 594078 6387266 176 -60 49 252
PPRC933 RC 2026 Yes Paris North 593949 6388150 175 -90 NA 132
PPRC934 RC 2026 Yes Paris North 594025 6388215 177 -90 NA 180
PPRC935 RC 2026 Yes Paris North 593964 6388292 177 -90 NA 174
PPRC936 RC 2026 Yes Paris North 593887 6388227 175 -90 NA 144
PPRC937 RC 2026 Yes Paris North 593813 6388164 173 -90 NA 162
PPRC938 RC 2026 Yes Paris North 593737 6388100 171 -90 NA 186
PPRC939 RC 2026 Yes Paris North 593659 6388035 170 -90 NA 144
PPRC940 RC 2026 Yes Paris North 593719 6387958 170 -90 NA 156
PPRC941 RC 2026 Yes Paris North 593796 6388022 171 -90 NA 300
PPRC942 RC 2026 Yes Paris North 593872 6388086 173 -90 NA 132
PPRC943 RC 2026 Yes Paris North 593942 6387956 172 -90 NA 198
PPRC944 RC 2026 Yes Paris North 593872 6387903 170 -90 NA 152
PPRC945 RC 2026 Yes Paris North 593797 6387838 169 -90 NA 126
PPRC946 RC 2026 Yes Paris North 593721 6387774 168 -90 NA 96
PPRC947 RC 2026 Yes Paris North 593797 6387697 170 -90 NA 168
PPRC948 RC 2026 Yes Paris North 593835 6387729 169 -90 NA 150
PPRC949 RC 2026 Yes Paris North 593873 6387761 169 -90 NA 168
PPRC950 RC 2026 Yes Paris North 593911 6387793 170 -90 NA 150
PPRC951 RC 2026 Yes Paris North 593950 6387825 170 -90 NA 150
PPRC952 RC 2026 Yes Paris North 593990 6387858 171 -90 NA 150
PPRC953 RC 2026 Yes Paris North 594083 6387778 171 -90 NA 120
PPRC954 RC 2026 Yes Paris North 594121 6387810 171 -90 NA 132
PPRC955 RC 2026 Yes Paris North 594160 6387842 173 -90 NA 138
9
Hole ID Type
Drilled
Year
Reported
Previously
Prospect East (m) North (m)
RL
(m)
Dip
(°)
Azi
(°)
EOH
(m)
PPRC956 RC 2026 Yes Paris North 594194 6387801 172 -90 NA 114
PPRC957 RC 2026 Yes Paris North 594155 6387769 171 -90 NA 150
PPRC958 RC 2026 Yes Paris North 594117 6387737 171 -90 NA 120
PPRC959 RC 2026 Yes Paris North 593915 6387666 171 -90 NA 126
PPRC960 RC 2026 Yes Paris North 593876 6387634 171 -90 NA 132
PPRC961 RC 2026 Yes Paris North 593838 6387601 172 -90 NA 108
PPRC962 RC 2026 Yes Paris North 593800 6387569 173 -90 NA 120
PPRC963 RC 2026 Yes Paris East 594662 6387496 177 -90 NA 150
PPRC964 RC 2026 Yes Paris East 594627 6387468 177 -90 NA 144
PPRC965 RC 2026 Yes Paris East 594585 6387432 176 -90 NA 126
PPRC966 RC 2026 Yes Paris East 594646 6387446 171 -90 NA 150
PPRC967 RC 2026 Yes Paris East 594663 6387380 177 -90 NA 138
PPRC968 RC 2026 Yes Paris East 594621 6387347 174 -90 NA 138
PPRC969 RC 2026 Yes Paris East 594580 6387278 175 -90 NA 120
PPRC970 RC 2026 Yes Paris East 594618 6387314 176 -90 NA 132
PPRC971 RC 2026 Yes Paris East 594657 6387346 176 -90 NA 114
PPRC972 RC 2026 Yes Paris East 594695 6387378 177 -90 NA 114
PPRC973 RC 2026 Yes Paris East 594782 6387456 179 -90 NA 138
PPRC974 RC 2026 Yes Paris East 594843 6387353 180 -90 NA 198
PPRC975 RC 2026 Yes Paris East 594772 6387295 178 -90 NA 150
PPRC976 RC 2026 Yes Paris East 594695 6387230 177 -90 NA 144
PPRC977 RC 2026 Yes Paris East 594775 6387178 178 -90 NA 138
PPRC978 RC 2026 Yes Paris East 594851 6387242 179 -90 NA 150
PPRC979 RC 2026 Yes Paris East 594833 6387155 179 -90 NA 150
PPRC980 RC 2026 Yes Paris West 594579 6386972 178 -90 NA 150
PPRC981 RC 2026 Yes Paris West 594541 6386940 178 -90 NA 209
PPRC982 RC 2026 Yes Paris West 594482 6386971 178 -65 44 180
PPRC983 RC 2026 Yes Paris West 594493 6387054 176 -90 NA 144
PPRC984 RC 2026 Yes Paris West 594532 6387086 176 -90 NA 138
PPRC985 RC 2026 Yes Paris West 594430 6387142 175 -90 NA 126
PPRC986 RC 2026 Yes Paris West 594392 6387110 176 -90 NA 138
PPRC987 RC 2026 Yes Manto 596642 6385170 197 -60 75 240
PPRC988 RC 2026 Yes Manto 596539 6385130 199 -60 75 162
PPRC989 RC 2026 Yes Manto 596434 6385079 202 -60 80 168
10
Hole ID Type
Drilled
Year
Reported
Previously
Prospect East (m) North (m)
RL
(m)
Dip
(°)
Azi
(°)
EOH
(m)
PPRC990 RC 2026 Yes Manto 596334 6385033 204 -60 73 198
PPRC991 RC 2026 Yes Manto 596673 6383967 225 -60 57 150
PPRC992 RC 2026 Yes Manto 596553 6383865 229 -60 47 192
PPRC993 RC 2026 Yes Manto 596442 6383772 252 -60 45 198
PPRC994 RC 2026 Yes Manto 596322 6383674 252 -60 50 150
PPRC995 RC 2026 Yes Manto 597533 6382485 221 -60 63 246
PPRC996 RC 2026 Yes Manto 597487 6382444 224 -60 56 180
PPRC997 RC 2026 Yes Manto 597440 6382404 224 -60 53 198
PPRC998 RC 2026 Yes Manto 597397 6382367 220 -60 50 198
PPRC999 RC 2026 Yes Helen 596709 6388642 182 -90 NA 150
PPRC1000 RC 2026 Yes Helen 596697 6388587 180 -90 NA 138
PPRC1001 RC 2026 Yes Helen 596787 6388614 182 -90 NA 168
PPRC1002 RC 2026 Yes Helen 596755 6388587 181 -90 NA 132
Coordinate system: GDA2020 / MGA Zone 53. RL: AHD.
11
APPENDIX 2: Significant Paris Intersections
Hole ID Prospect From (m) To (m) Length (m) Ag (g/t)
PPRC928 Paris Deeps 141 142 1 21
PPRC929 Paris Deeps 256 262 6 111
PPRC930 Paris Deeps No Significant Intersection Returned
PPRC931 Paris Deeps 251 253 2 115
266 267 1 215
273 274 1 61
PPRC932 Paris Deeps 175 181 6 50
192 193 1 35
213 214 1 31
216 217 1 30
PPRC933 Paris North No Significant Intersection Returned
PPRC934 Paris North No Significant Intersection Returned
PPRC935 Paris North No Significant Intersection Returned
PPRC936 Paris North No Significant Intersection in assays received to date
PPRC937 Paris North 49 50 1 24
56 57 1 25
PPRC938 Paris North No Significant Intersection Returned
PPRC939 Paris North No Significant Intersection Returned
PPRC940 Paris North 54 55 1 31
PPRC941 Paris North 226 227 1 132
232 233 1 50
PPRC942 Paris North 55 60 5 33
92* 95 3 32
PPRC943 Paris North 48 50 2 68
60 62 2 25
12
Hole ID Prospect From (m) To (m) Length (m) Ag (g/t)
66 67 1 24
172 174 2 298
PPRC944 Paris North 36 37 1 33
51 54 3 27
69 77 8 31
84 85 1 22
119 120 1 26
PPRC945 Paris North 48 49 1 37
PPRC946 Paris North 54 55 1 23
56 57 1 21
PPRC947 Paris North No Significant Intersection Returned
PPRC948 Paris North 9 13 4 24
23 28 5 54
52 56 4 23
76 78 2 36
81 90 9 110
91 92 1 25
PPRC949 Paris North 9 13 4 41
59 60 1 28
PPRC950 Paris North 9 13 4 37
46 47 1 24
48 49 1 22
50 51 1 25
53 54 1 30
66 74 8 38
101 102 1 22
PPRC951 Paris North 9 11 2 33
13
Hole ID Prospect From (m) To (m) Length (m) Ag (g/t)
17 18 1 24
24 25 1 35
28 29 1 34
35 36 1 20
41 46 5 55
48 50 2 40
78 81 3 21
82 83 1 32
86 90 4 45
99 100 1 24
131 132 1 23
134 136 2 28
PPRC952 Paris North 54 55 1 35
PPRC953 Paris North 76 77 1 29
PPRC954 Paris North 47 50 3 45
62 63 1 22
PPRC955 Paris North No Significant Intersection Returned
PPRC956 Paris North 32 34 2 23
PPRC957 Paris North 111 115 4 2,119
includes 111 113 2 4,211
includes 112 113 1 8,120
117 118 1 81
PPRC958 Paris North 8 20 12 49
58 59 1 51
PPRC959 Paris North 44 45 1 22
51 58 7 32
59 67 8 42
14
Hole ID Prospect From (m) To (m) Length (m) Ag (g/t)
72 73 1 25
PPRC960 Paris North No Significant Intersection in assays received to date
PPRC961 Paris North 39 40 1 44
42 46 4 58
PPRC962 Paris North No Significant Intersection Returned
PPRC963 Paris East 15 18 3 43
53 55 2 35
PPRC964 Paris East 52 53 1 25
59 60 1 36
69 72 3 26
PPRC965 Paris East 49 54 5 426
includes 50 51* 1 1,545
59 60 1 24
68* 69* 1 35
72* 74* 2 23
83 84 1 31
PPRC966 Paris East 15 17 2 44
26 27 1 32
47 51 4 98
80 81 1 24
145 146* 1 22
PPRC967 Paris East 86 87 1 41
103 105 2 26
PPRC968 Paris East 33 45 12 112
48 49 1 20
51 52 1 24
78 88 10 2,662
15
Hole ID Prospect From (m) To (m) Length (m) Ag (g/t)
includes 79 83 4 5448
includes 80 81 1 13,302
90 91 1 76
96 97 1 29
103 104 1 27
PPRC969 Paris East 45 46 1 21
49 52 3 30
93 101 8 118
PPRC970 Paris East 91 94 3 275
PPRC971 Paris East 32 34 2 31
38 39 1 20
45 53 8 58
PPRC972 Paris East No Significant Intersection Returned
PPRC973 Paris East No Significant Intersection Returned
PPRC974 Paris East 12 13 1 21
53 55 2 26
PPRC975 Paris East 46 47 1 139
PPRC976 Paris East 37 38 1 21
71 73 2 35
75 76 1 34
PPRC977 Paris East 42 43 1 47
91 93 2 28
PPRC978 Paris East 51 52 1 29
56 57 1 20
PPRC979 Paris East 5 6 1 32
8 11 3 53
82 83 1 21
16
Reported intersections are length-weighted. No top cuts have been applied. Intersections use a lower cut-off of 20g/t
Ag and allow up to one sample interval of internal dilution. The completed length-weighted intersection must average
at least 20g/t Ag. A dilution sample may represent a nominal 1m split or nominal 3m composite, depending on the
sampling method. All widths are downhole lengths unless otherwise stated. Where assays remain outstanding,
significant intersections are based on results received to date and may change when outstanding assays are
returned.
* Intersection boundary is open because an outstanding assay lies immediately adjacent to, or beyond no more than
one returned sub-cut-off sample. The intersection may extend or join under the stated allowance of one sample
interval of internal dilution, and its width and/or grade may change when outstanding assays are received.
Significant intersections above the 2023 average MRE grade highlighted in bold.
Hole ID Prospect From (m) To (m) Length (m) Ag (g/t)
95 98 3 27
147 148 1 48
PPRC980 Paris West 61 62 1 25
108 112* 4 27
PPRC981 Paris West 49 51 2 45
57 58 1 21
PPRC982 Paris West 110* 111* 1 36
118* 119* 1 28
PPRC983 Paris West 82 85* 3 61
PPRC984 Paris West 65 66 1 26
PPRC985 Paris West 34 41 7 143
PPRC986 Paris West No Significant Intersection Returned
17
APPENDIX 3: Significant Regional Ag Intersections
Hole ID Prospect From (m) To (m) Length (m)
Ag
(g/t)
PPRC924 Alexander East 83 84 1 11
90 92 2 11
PPRC925 Alexander East No Significant Ag Intersection Returned
PPRC926 Alexander East 99 102 3 20
PPRC927 Alexander East No Significant Ag Intersection Returned
PPRC987 Manto No Significant Ag Intersection Returned
PPRC988 Manto No Significant Ag Intersection Returned
PPRC989 Manto No Significant Ag Intersection Returned
PPRC990 Manto
No Significant Ag Intersection in assays received
to date
PPRC991 Manto No Significant Ag Intersection Returned
PPRC992 Manto No Significant Ag Intersection Returned
PPRC993 Manto No Significant Ag Intersection Returned
PPRC994 Manto No Significant Ag Intersection Returned
PPRC995 Manto No Significant Ag Intersection Returned
PPRC996 Manto No Significant Ag Intersection Returned
PPRC997 Manto No Significant Ag Intersection Returned
PPRC998 Manto No Significant Ag Intersection Returned
PPRC999 Helen No Significant Ag Intersection Returned
PPRC1000 Helen No Significant Ag Intersection Returned
PPRC1001 Helen No Significant Ag Intersection Returned
PPRC1002 Helen 78 81 3 19
Reported intersections are length-weighted. No top cuts have been applied. Silver intersections use a lower cut-off
of 10g/t Ag and allow up to one sample interval of internal dilution. The completed length-weighted intersection must
average at least 10g/t Ag. A sample interval may represent 1m RC splits, nominal 3m RC composites or variable-
length diamond-core samples. All widths are downhole lengths unless otherwise stated.
18
APPENDIX 4: Significant Regional Pb, Zn, Cu, Au Intersections
Hole ID Prospect
From
(m)
To (m)
Length
(m)
Pb (%) Zn (%) Cu (%)
Au
(g/t)
Ag
(g/t)
PPRC924 Alexander East 1 2 1 0.00 0.17 0.00 NA 0
21 26 5 0.21 0.01 0.00 NA 0
39 40 1 0.11 0.01 0.00 NA 0
42 45 3 0.11 0.02 0.00 NA 0
54 58 4 0.14 0.02 0.00 NA 1
69 70 1 0.11 0.05 0.01 NA 3
76 77 1 0.17 0.02 0.00 NA 5
79 82 3 0.13 0.02 0.00 NA 4
90 93 3 0.17 0.06 0.02 NA 9
92 94 2 0.09 0.11 0.02 NA 6
98 100 2 0.05 0.11 0.01 NA 1
106 107 1 0.02 0.14 0.01 NA 1
111 123 12 0.02 0.15 0.02 NA 1
114 115 1 0.01 0.15 0.08 NA 3
PPRC925 Alexander East 12 30 18 0.19 0.02 0.00 NA 3
33 36 3 0.14 0.01 0.00 NA 6
42 45 3 0.19 0.09 0.01 NA 3
87 90 3 0.04 0.16 0.01 NA 2
PPRC926 Alexander East 45 54 9 0.21 0.05 0.01 NA 7
19
Hole ID Prospect
From
(m)
To (m)
Length
(m)
Pb (%) Zn (%) Cu (%)
Au
(g/t)
Ag
(g/t)
99 102 3 0.05 0.03 0.13 NA 20
108 111 3 0.02 0.01 0.06 NA 4
PPRC927 Alexander East 120 123 3 0.11 0.02 0.00 NA 3
PPRC987 Manto No Significant Pb, Zn, Cu, Au Intersection Returned
PPRC988 Manto No Significant Pb, Zn, Cu, Au Intersection Returned
PPRC989 Manto No Significant Pb, Zn, Cu, Au Intersection Returned
PPRC990 Manto 111 114 3 0.00 0.00 0.00 0.12 0
PPRC991 Manto No Significant Pb, Zn, Cu, Au Intersection Returned
PPRC992 Manto No Significant Pb, Zn, Cu, Au Intersection Returned
PPRC993 Manto No Significant Pb, Zn, Cu, Au Intersection Returned
PPRC994 Manto No Significant Pb, Zn, Cu, Au Intersection Returned
PPRC995 Manto 240 243 3 0.00 0.01 0.01 0.12 0
PPRC996 Manto No Significant Pb, Zn, Cu, Au Intersection Returned
PPRC997 Manto No Significant Pb, Zn, Cu, Au Intersection Returned
PPRC998 Manto No Significant Pb, Zn, Cu, Au Intersection Returned
PPRC999 Helen 12 48 36 0.01 0.03 0.09 <0.01 0
102 105 3 0.00 0.01 0.08 <0.01 1
111 120 9 0.00 0.01 0.06 0.02 1
PPRC1000 Helen 15 18 3 0.13 0.01 0.13 <0.01 0
15 57 42 0.03 0.03 0.12 <0.01 0
20
Hole ID Prospect
From
(m)
To (m)
Length
(m)
Pb (%) Zn (%) Cu (%)
Au
(g/t)
Ag
(g/t)
63 75 12 0.00 0.03 0.05 <0.01 1
75 84 9 0.00 0.15 0.01 <0.01 1
93 96 3 0.00 0.03 0.06 0.01 1
108 117 9 0.01 0.07 0.12 0.02 2
111 114 3 0.02 0.14 0.21 0.03 2
PPRC1001 Helen 99 102 3 0.02 0.04 0.07 <0.01 4
105 108 3 0.05 0.11 0.00 <0.01 2
108 111 3 0.11 0.10 0.01 <0.01 4
PPRC1002 Helen 63 105 42 0.03 0.07 0.11 0.06 4
66 72 6 0.01 0.21 0.20 0.03 3
78 81 3 0.05 0.04 0.14 0.51 19
84 87 3 0.18 0.07 0.19 0.03 4
111 120 9 0.05 0.10 0.05 0.02 5
114 120 6 0.04 0.10 0.06 0.03 6
Reported intersections are length-weighted. No top cuts have been applied. Intersections use lower cut-offs of 0.10%
Pb, 0.10% Zn, 0.05% Cu and 0.10g/t Au and allow up to one sample interval of internal dilution. A sample interval
may represent 1m RC splits, nominal 3m RC composites or variable-length diamond-core samples. All widths are
downhole lengths unless otherwise stated. NA = not analysed. Silver is shown for context even where it does not
meet the 20g/t Ag lower cut-off used in Appendix 3.
21
APPENDIX 5: JORC Code, 2012 Edition - Table 1
Section 1 Sampling Techniques and Data
(Criteria in this section apply to all succeeding sections.)
Criteria JORC Code explanation Commentary
Sampling
techniques
• Nature and quality of sampling (eg 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). These examples should
not be taken as limiting the broad meaning of sampling.
• Include reference to measures taken to ensure sample
representivity and the appropriate calibration of any
measurement tools or systems used.
• Aspects of the determination of mineralisation that are
Material to the Public Report.
• In cases where ‘industry standard’ work has been done this
would be relatively simple (eg ‘reverse circulation drilling
was used to obtain 1 m samples from which 3 kg was
pulverised to produce a 30 g charge for fire assay’). In other
cases more explanation may be required, such as where
there is coarse gold that has inherent sampling problems.
Unusual commodities or mineralisation types (eg submarine
nodules) may warrant disclosure of detailed information.
2026 RC drilling:
• Reve
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