View settings100% · M+I+I · Resources excl. reserves · Native commodities

Reporting assumptions

These choices persist and are added to shared URLs.

Ownership basis

Show the full project inventory before ownership adjustment.

Display scale

Display contained quantities in millions of ounces or tonnes.

Resource treatment

Normalise Resources to exclude Reserves: where a project is flagged inclusive, net Reserves out of Resources so the figure is additional Resources beyond Reserves. Unknown-convention rows are shown as stated.

Resource total

Total Resource includes Inferred (JORC convention). Totals are re-derived from category rows wherever the document discloses them.

Recovery basis

Show the issuer's headline recoverable figure as reported. Lithium-brine reserves already have the brine-processing recovery factor applied; everything else is shown as stated.

Commodity view

Primary view: each commodity in its own contained unit (oz / t).

Merian

Suriname · Producing · 75.0% ownedUnverified

Current R&R by category

Whole-project rollup at the latest vintage per category: printed project-level rows are preferred, and mining areas are summed (tonnes-weighted grade) only where the issuer prints no project-level row. Per-area and per-source detail in the Current R&R table below.

Category	Tonnes (Mt)	Grade (g/t Au)	Contained (Moz Au)	As at
Measured	6.93 Mt	0.96 g/t	0.27 Moz	31 Dec 2025
Indicated	66.13 Mt	1.05 g/t	2.27 Moz	31 Dec 2025
Inferred	106.27 Mt	0.80 g/t	2.80 Moz	31 Dec 2025
Total Resources	179.33 Mt	0.90 g/t	5.33 Moz	31 Dec 2025
Proved	33.07 Mt	1.21 g/t	1.33 Moz	31 Dec 2025
Probable	139.47 Mt	1.06 g/t	4.80 Moz	31 Dec 2025
Total Reserves	172.53 Mt	1.09 g/t	6.00 Moz	31 Dec 2025

Sub-category rows are as disclosed (no Reserves-treatment netting); the Total rows honour the Resources treatment and Inferred-policy toggles, so components may not sum to the Total.

Cut-off grade

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Price assumption

A$2300.00/oz · A$2000.00/oz

JORC code year

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Peer benchmark — producing Au projects (282 with resources)Resource size P80Resource grade P33View on grade-tonnage chart →

Percentile of this project's current total Resource among covered peers (P100 = largest / highest grade). Basis and Inferred toggles apply.

Data quality

Latest source: 10-K: 10-K · 31 Dec 2025
Reporting code: SK-1300
Convention: exclusive
Currency assumption: A$
Disagreement flags: 6 rows

Current R&R

Resources

Category	Tonnes (Mt)	Au		As at	Source	Provenance
Category	Tonnes (Mt)	Grade (g/t Au)	Contained (Moz Au)	As at	Source	Provenance
Measured	6.93 Mt	0.96 g/t	0.27 Moz	31 Dec 2025	Gold Resources at December 31, 2025Unverified Evidence record Merian Measured · Au · as at 2025-12-31 Reported figure Area Whole project Basis attributable Ore tonnes (t) 6933333.333333333 Grade 0.9600 Contained (oz) 266666.6666666666 Classification Resource Source trail 10-K: 10-K Gold Resources at December 31, 2025 Published 2026-02-19 Verification Approved; not independently verified · Model extracted QA WARN: identical figures to a stored row of the same company/project/area/category under a DIFFERENT as-at date — likely a re-presentation (DFS / annual statement / global MRE restating an already-stored estimate). Keep one operative copy; verify supersession before storing both. QA BLOCK: recomputed contained 160496.5269 oz vs reported 200000 oz (19.75% disagreement) Rounding-interval overlap exists at the printed granularity, but a 19.75% gap exceeds the 10% interval-waiver ceiling (t23 STM AuEq-miscopy precedent) — verify the printed contained figure before approval. Copies a pre-filled issue record so you can send it through your normal channel.

Reserves

Category	Tonnes (Mt)	Au		As at	Source	Provenance
Category	Tonnes (Mt)	Grade (g/t Au)	Contained (Moz Au)	As at	Source	Provenance
Proved	33.07 Mt	1.21 g/t	1.33 Moz	31 Dec 2025	Gold Reserves at December 31, 2025Unverified Evidence record Merian Proved · Au · as at 2025-12-31 Reported figure Area Whole project Basis attributable Ore tonnes (t) 33066666.666666664 Grade 1.2100 Contained (oz) 1333333.3333333333 Classification Reserve Source trail 10-K: 10-K Gold Reserves at December 31, 2025 Published 2026-02-19 Verification Approved; not independently verified · Model extracted QA WARN: unrecognised source metal label 'Grade (g/tonne)' for Au — verify the commodity mapping. QA INFO: recompute differs 3.52% from the printed contained figure, but the printed tonnes/grade/contained are only good to ±6.61% (rounding granularity) — treated as reconciled. Copies a pre-filled issue record so you can send it through your normal channel.	notes (4) Source: 10-K: 10-K · published 19 Feb 2026 Ref: Gold Reserves at December 31, 2025 SK-1300 — Reporting code of record: SK-1300 @ A$ 2,000/oz — Metal price assumption used to derive this estimate. attrib — Figures are net to the issuer's ownership interest as reported (attributable basis) — NOT 100% of the project. QA notes: QA WARN: unrecognised source metal label 'Grade (g/tonne)' for Au — verify the commodity mapping. QA INFO: recompute differs 3.52% from the printed contained figure, but the printed tonnes/grade/contained are only good to ±6.61% (rounding granularity) — treated as reconciled.
Probable	139.47 Mt	1.06 g/t	4.80 Moz	31 Dec 2025	Gold Reserves at December 31, 2025Unverified Evidence record Merian Probable · Au · as at 2025-12-31 Reported figure Area Whole project Basis attributable Ore tonnes (t) 139466666.66666666 Grade 1.0600 Contained (oz) 4800000 Classification Reserve Source trail 10-K: 10-K Gold Reserves at December 31, 2025 Published 2026-02-19 Verification Approved; not independently verified · Model extracted QA WARN: unrecognised source metal label 'Grade (g/tonne)' for Au — verify the commodity mapping. Copies a pre-filled issue record so you can send it through your normal channel.	notes (4) Source: 10-K: 10-K · published 19 Feb 2026 Ref: Gold Reserves at December 31, 2025 SK-1300 — Reporting code of record: SK-1300 @ A$ 2,000/oz
Total Reserves	172.53 Mt	1.09 g/t	6.00 Moz	31 Dec 2025	Gold Reserves at December 31, 2025Unverified Evidence record Merian Total Reserve · Au · as at 2025-12-31 Reported figure Area Whole project Basis attributable Ore tonnes (t) 172533333.3333333 Grade 1.0900 Contained (oz) 6000000 Classification Reserve Source trail 10-K: 10-K Gold Reserves at December 31, 2025 Published 2026-02-19 Verification Approved; not independently verified · Model extracted QA WARN: unrecognised source metal label 'Grade (g/tonne)' for Au — verify the commodity mapping. Copies a pre-filled issue record so you can send it through your normal channel.	notes (4) Source: 10-K: 10-K · published 19 Feb 2026 Ref: Gold Reserves at December 31, 2025 SK-1300 — Reporting code of record: SK-1300