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Reporting assumptions

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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).

Kensington

Alaska, United States · Producing · 100.0% 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	1.11 Mt	7.48 g/t	0.27 Moz	31 Dec 2025
Indicated	0.67 Mt	7.59 g/t	0.16 Moz	31 Dec 2025
Inferred	0.45 Mt	6.60 g/t	0.10 Moz	31 Dec 2025
Total Resources	2.24 Mt	7.34 g/t	0.53 Moz	31 Dec 2025
Proved	1.54 Mt	5.92 g/t	0.29 Moz	31 Dec 2025
Probable	1.30 Mt	6.07 g/t	0.25 Moz	31 Dec 2025
Total Reserves	2.84 Mt	5.99 g/t	0.55 Moz	31 Dec 2025

Cut-off grade

0.1080 g/t Au · 0.1230 g/t Au

Price assumption

US$2500.00/oz · US$2200.00/oz

JORC code year

—

Peer benchmark — producing Au projects (282 with resources)Resource size P28Resource grade P93View 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: US$

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	1.11 Mt	7.48 g/t	0.27 Moz	31 Dec 2025	Summary Gold Mineral Resources at End of the Fiscal Year Ended December 31, 2025Unverified Evidence record Kensington Measured · Au · as at 2025-12-31 Reported figure Area Whole project Basis 100% Ore tonnes (t) 1114000.0000 Grade 7.4800 Contained (oz) 268000.0000 Classification Resource Source trail 10-K: 10-K Summary Gold Mineral Resources at End of the Fiscal Year Ended December 31, 2025 Published 2026-02-18 Verification Approved; not independently verified · Model extracted QA WARN: unrecognised source metal label 'Grade (grams/tonne)' for Au — verify the commodity mapping. 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	1.54 Mt	5.92 g/t	0.29 Moz	31 Dec 2025	Summary Gold Mineral Reserves at End of the Fiscal Year Ended December 31, 2025Unverified Evidence record Kensington Proved · Au · as at 2025-12-31 Reported figure Area Whole project Basis 100% Ore tonnes (t) 1539000.0000 Grade 5.9200 Contained (oz) 293000.0000 Classification Reserve Source trail 10-K: 10-K Summary Gold Mineral Reserves at End of the Fiscal Year Ended December 31, 2025 Published 2026-02-18 Verification Approved; not independently verified · Model extracted QA WARN: unrecognised source metal label 'Grade (grams/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 18 Feb 2026 Ref: Summary Gold Mineral Reserves at End of the Fiscal Year Ended December 31, 2025 SK-1300 — Reporting code of record: SK-1300 Cutoff 0.12 g/t Au — Cut-off grade assumption from the source statement. @ US$ 2,200/oz — Metal price assumption used to derive this estimate. QA notes: QA WARN: unrecognised source metal label 'Grade (grams/tonne)' for Au — verify the commodity mapping.
Probable	1.30 Mt	6.07 g/t	0.25 Moz	31 Dec 2025	Summary Gold Mineral Reserves at End of the Fiscal Year Ended December 31, 2025Unverified Evidence record Kensington Probable · Au · as at 2025-12-31 Reported figure Area Whole project Basis 100% Ore tonnes (t) 1297000.0000 Grade 6.0700 Contained (oz) 253000.0000 Classification Reserve Source trail 10-K: 10-K Summary Gold Mineral Reserves at End of the Fiscal Year Ended December 31, 2025 Published 2026-02-18 Verification Approved; not independently verified · Model extracted QA WARN: unrecognised source metal label 'Grade (grams/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 18 Feb 2026 Ref: Summary Gold Mineral Reserves at End of the Fiscal Year Ended December 31, 2025 SK-1300
Total Reserves	2.84 Mt	5.99 g/t	0.55 Moz	31 Dec 2025	Summary Gold Mineral Reserves at End of the Fiscal Year Ended December 31, 2025Unverified Evidence record Kensington Total Reserve · Au · as at 2025-12-31 Reported figure Area Whole project Basis 100% Ore tonnes (t) 2836000.0000 Grade 5.9900 Contained (oz) 546000.0000 Classification Reserve Source trail 10-K: 10-K Summary Gold Mineral Reserves at End of the Fiscal Year Ended December 31, 2025 Published 2026-02-18 Verification Approved; not independently verified · Model extracted QA WARN: unrecognised source metal label 'Grade (grams/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 18 Feb 2026 Ref: Summary Gold Mineral Reserves at End of the Fiscal Year Ended December 31, 2025