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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).

Hod Maden

Türkiye · Developing · 10.0% 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.

Au

Category	Tonnes (Mt)	Grade (g/t Au)	Contained (Moz Au)	As at
Measured	0.62 Mt	23.45 g/t	0.47 Moz	31 Dec 2025
Indicated	1.10 Mt	5.40 g/t	0.19 Moz	31 Dec 2025
Inferred	2.57 Mt	3.40 g/t	0.28 Moz	31 Dec 2025
Total Resources	4.29 Mt	6.81 g/t	0.94 Moz	31 Dec 2025
Proved	1.37 Mt	22.19 g/t	0.98 Moz	31 Dec 2025
Probable	6.34 Mt	4.50 g/t	0.92 Moz	31 Dec 2025
Total Reserves	7.71 Mt	7.64 g/t	1.90 Moz	31 Dec 2025

Cu

Category	Tonnes (Mt)	Grade (% Cu)	Contained (Mt Cu)	As at
Measured	0.62 Mt	2.30%	0.01 Mt Cu	31 Dec 2025
Indicated	1.10 Mt	1.40%	0.02 Mt Cu	31 Dec 2025
Inferred	2.57 Mt	0.50%	0.01 Mt Cu	31 Dec 2025
Total Resources	4.29 Mt	0.99%	0.04 Mt Cu	31 Dec 2025
Proved	1.37 Mt	1.74%	0.02 Mt Cu	31 Dec 2025
Probable

Cut-off grade

99.0000 g/t Au · 99.0000 % Cu · 160.0000 % Cu · 160.0000 g/t Au

Price assumption

US$2000.00/oz · US$4.00/oz · US$3.50/oz · US$1700.00/oz

JORC code year

—

Peer benchmark — developing Au projects (284 with resources)Resource size P51Resource grade P99View 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$
Disagreement flags: 12 rows

Current R&R

Resources

Category	Tonnes (Mt)	Au		Cu		As at	Source	Provenance
Category	Tonnes (Mt)	Grade (g/t Au)	Contained (Moz Au)	Grade (% Cu)	Contained (Mt Cu)	As at	Source	Provenance
Measured	0.62 Mt	23.45 g/t	0.47 Moz	2.30%	0.01 Mt Cu	31 Dec 2025	Hod Maden Resources as of December 31, 2025Unverified Evidence record Hod Maden Measured · Au · as at 2025-12-31 Reported figure Area Whole project Basis attributable Ore tonnes (t) 620000 Grade 23.4500 Contained (oz) 470000 Classification Resource Source trail 10-K: 10-K Hod Maden Resources as of December 31, 2025 Published 2026-02-17 Verification Approved; not independently verified · Model extracted QA WARN: identical figures appear under ANOTHER area label of this project in the same document — likely one printed estimate stored twice (a summary/grouping line duplicating its leaf). Keep one copy; reject the relabelled twin. Copies a pre-filled issue record so you can send it through your normal channel.

Inferred

2.57 Mt

3.40 g/t

0.28 Moz

0.50%

0.01 Mt Cu

31 Dec 2025

Hod Maden Resources as of December 31, 2025Unverified

notes (31)

Source: 10-K: 10-K · published 17 Feb 2026

Ref: Hod Maden Resources as of December 31, 2025

SK-1300 — Reporting code of record: SK-1300
Cutoff 99.00 % Cu — Cut-off grade assumption from the source statement.
@ US$ 4/t — Metal price assumption used to derive this estimate.
excl — Stated Resources are EXCLUSIVE of Reserves — they sit on top of the reserve, so decks quoting inclusive resources will show a larger figure (inclusive = this row + the converted reserve).
attrib — Figures are net to the issuer's ownership interest as reported (attributable basis) — NOT 100% of the project.

QA notes:

QA WARN: identical figures appear under ANOTHER area label of this project in the same document — likely one printed estimate stored twice (a summary/grouping line duplicating its leaf). Keep one copy; reject the relabelled twin. QA BLOCK: recomputed contained 1285.0000 t Cu vs reported 1179.340162000000 t Cu (8.96% disagreement)
QA annotate (t98v, a4.txt): PRINT DOES NOT RECONCILE. Hod Maden Resources as of December 31, 2025: "Copper
| 62
|
2.30
|
3.2
|
110
|
1.40

Reserves

Category	Tonnes (Mt)	Au		Cu		As at	Source	Provenance
Category	Tonnes (Mt)	Grade (g/t Au)	Contained (Moz Au)	Grade (% Cu)	Contained (Mt Cu)	As at	Source	Provenance
Proved	1.37 Mt	22.19 g/t	0.98 Moz	1.74%	0.02 Mt Cu	31 Dec 2025	Hod Maden Reserves as of December 31, 2025Unverified Evidence record Hod Maden Proved · Cu · as at 2025-12-31 Reported figure Area Whole project Basis attributable Ore tonnes (t) 1370000 Grade 1.7400 Contained (t Cu) 24040.396 Classification Reserve Source trail 10-K: 10-K Hod Maden Reserves as of December 31, 2025 Published 2026-02-17 Verification Approved; not independently verified · Model extracted QA INFO: inclusive-of-reserves flag cleared — the flag describes resource statements; reserve rows carry none. QA WARN: identical figures appear under ANOTHER area label of this project in the same document — likely one printed estimate stored twice (a summary/grouping line duplicating its leaf). Keep one copy; reject the relabelled twin. Copies a pre-filled issue record so you can send it through your normal channel.	notes (5) Source: 10-K: 10-K · published 17 Feb 2026 Ref: Hod Maden Reserves as of December 31, 2025 SK-1300 — Reporting code of record: SK-1300 Cutoff 160.00 % Cu — Cut-off grade assumption from the source statement. @ US$ 3.5/t — 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 INFO: inclusive-of-reserves flag cleared — the flag describes resource statements; reserve rows carry none. QA WARN: identical figures appear under ANOTHER area label of this project in the same document — likely one printed estimate stored twice (a summary/grouping line duplicating its leaf). Keep one copy; reject the relabelled twin.
Probable	6.34 Mt	4.50 g/t	0.92 Moz	1.22%	0.08 Mt Cu	31 Dec 2025	Hod Maden Reserves as of December 31, 2025Unverified Evidence record Hod Maden Probable · Au · as at 2025-12-31 Reported figure Area Whole project Basis attributable Ore tonnes (t) 6340000 Grade 4.5000 Contained (oz) 920000 Classification Reserve Source trail 10-K: 10-K Hod Maden Reserves as of December 31, 2025 Published 2026-02-17 Verification Approved; not independently verified · Model extracted QA INFO: inclusive-of-reserves flag cleared — the flag describes resource statements; reserve rows carry none. Copies a pre-filled issue record so you can send it through your normal channel.	notes (5) Source: 10-K: 10-K · published 17 Feb 2026 Ref: Hod Maden Reserves as of December 31, 2025
Total Reserves	7.71 Mt	7.64 g/t	1.90 Moz	1.31%	0.10 Mt Cu	31 Dec 2025	Hod Maden Reserves as of December 31, 2025Unverified Evidence record Hod Maden Total Reserve · Au · as at 2025-12-31 Reported figure Area Whole project Basis attributable Ore tonnes (t) 7710000 Grade 7.6400 Contained (oz) 1900000 Classification Reserve Source trail 10-K: 10-K Hod Maden Reserves as of December 31, 2025 Published 2026-02-17 Verification Approved; not independently verified · Model extracted QA INFO: inclusive-of-reserves flag cleared — the flag describes resource statements; reserve rows carry none. Copies a pre-filled issue record so you can send it through your normal channel.	notes (5) Source: 10-K: 10-K · published 17 Feb 2026 Ref: Hod Maden Reserves as of December 31, 2025