Briefing
In addition, Silver Standard was required to carry out an exploration program estimated to cost a minimum of $500,000 to expand the Property Mineral Resource, complete a resource estimate in accordance with NI 43-101 and initiate pre-feasibility work. Key points: In addition, Silver Standard was required to carry out an exploration program estimated to cost a minimum of $500,000 to expand the Property Mineral Resource, complete a resource estimate in accordance with NI 43-101 and; NI 43-101 Technical Report Mineral Resource Estimate for the Berenguela Project 26.5 Program Costs An estimate to progress the Project to a PFS level of study is estimated at approximately $9.5M, and an indicative breakd; 1.11 Program Costs An estimate to progress the Project to a PFS level of study is estimated at approximately $9.5M, and an indicative breakdown is shown in Table 1-4 Table 1-4: PFS implementation budget Item Cost (US$ mi; By February 1970 Charter had completed 56 diamond drillholes (DD) for a total length of 3,386 m, and 5,108 m of underground channel sampling (1.5 m lengths) for metallurgical testwork and a feasibility study was complete; NI 43-101 Technical Report Mineral Resource Estimate for the Berenguela Project 1.10.4 Pre-Feasibility Study The QP recommends that the Project advance from the current Mineral Resource stage to a PFS to further evaluate; NI 43-101 Technical Report Mineral Resource Estimate for the Berenguela Project A mandatory contribution paid to the Peruvian Mining Retirement Fund based on pre-tax profits, after deduction for the royalty tax and SMT i. This brief is based on the cited source artifact and is intended as a research entry point, not a replacement for the original source or EGM canonical data tables.
Source Notes
In addition, Silver Standard was required to carry out an exploration program estimated to cost a minimum of $500,000 to expand the...
Extractive summary evidence · source
NI 43-101 Technical Report Mineral Resource Estimate for the Berenguela Project 26.5 Program Costs An estimate to progress the Project to a...
Extractive summary evidence 2 · source
1.11 Program Costs An estimate to progress the Project to a PFS level of study is estimated at approximately $9.5M, and an...
Extractive summary evidence 3 · source
By February 1970 Charter had completed 56 diamond drillholes (DD) for a total length of 3,386 m, and 5,108 m of underground...
Extractive summary evidence 4 · source
Extracted Document Text
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# - Mineral Resource Estimate for the Berenguela Project Source: https://aftermathsilver.com/site/assets/files/6046/berenguela_mre_december_2025.pdf Fetched: 2026-09-12T06:59:18.805+00:00 Source artifact: eeecef55-ca67-4ae5-9c62-8fe6a75190ca Normalizer input: text ## Content # - Mineral Resource Estimate for the Berenguela Project NI 43-101 Technical Report Mineral Resource Estimate for the Berenguela Project Province of Lampa, Department of Puno, Peru Prepared for: Aftermath Silver Ltd. Effective Date: November 30, 2025 Signature Date: January 16, 2025 Prepared by the following Qualified Persons: ◼ Dinara Nussipakynova, P.Geo. ......................... BBA International Ltd. ◼ Dario Evangelista, P.Eng.................................... BBA International Ltd. ◼ Brian Arthur, SME- Registered Member ............ Kappes, Cassiday & Associates Aftermath Silver Ltd. NI 43-101 Technical Report Mineral Resource Estimate for the Berenguela Project Date and Signature Page This Technical Report is effective as of the 30th day of November 2025. Original signed and sealed on file January 16, 2026 Dinara Nussipakynova, P.Geo. Date BBA International Inc. Original signed and sealed on file January 16, 2026 Dario Evangelista, P.Eng. Date BBA International Inc. Original signed and sealed on file January 16, 2026 Brian Arthur, SME- Registered Member Date Kappes, Cassiday & Associates Original signed and sealed on file JANUARY 2026 BBA Document No.: 200180001-000000-40-ERA-0001-R00 1050 West Pender Street Suite 800 Vancouver, BC V6E 3S7 T +1 604.661.2111 F +1 604.683.2872 BBAconsultants.com CERTIFICATE OF QUALIFIED PERSON Dinara Nussipakynova, P.Geo. This certificate applies to the NI 43-101 Technical Report titled “Mineral Resource Estimate for the Berenguela Project, Province of Lampa, Department of Puno, Peru” (the “Technical Report”), prepared for Aftermath Silver Ltd., dated January 16, 2026, with an effective date of November 30, 2025. I, Dinara Nussipakynova, P.Geo., as a co-author of the Technical Report, do hereby certify that: 1. I am a Principal Geologist with the consulting firm BBA International Inc., located at 1050 West Pender Street, Suite 800, Vancouver, British Columbia, Canada, V6E 3S7. 2. I am a graduate of Satbayev Kazakh National Technical University with a bachelor’s and master’s degree in Geology obtained in 1987. 3. I am a member in good standing of the Association of Professional Engineers and Geoscientists of the Province of British Columbia (EGBC Member No. 37412), the Professional Geoscientists Ontario (PGO Member No. 1298), and of the Northwest Territories and Nunavut Association of Professional Engineers and Geoscientists (NAPEG Member No. L5633). 4. My relevant experience includes 38 years in Geology and consulting, including resource estimation on precious and base metals, including silver deposits. 5. I have read the definition of “qualified person” set out in the NI 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”) and certify that, by reason of my education, affiliation with a professional association, and past relevant work experience, I fulfill the requirements to be a qualified person for the purposes of NI 43-101. 6. I am independent of the issuer applying all the tests in Section 1.5 of NI 43-101. 7. I am author and responsible for Sections 1 (except 1.9.2), 2 to 12 (except 12.2, 12.3), and 14 to 24. I am also co-author and responsible for Sections 25, 26, and 27. 8. I have visited the Berenguela Property that is the subject of the Technical Report, from May 21 to 22, 2025 as part of this current mandate, and previously from July 23 to 26, 2022. 9. I have had prior involvement with the Property that is the subject of the Technical Report as I have participated as QP on the previous report titled Technical Report Berenguela Mineral Resource Estimate NI 43-101, effective March 30, 2023. 10. I have read NI 43-101, and the sections of the Technical Report for which I am responsible have been prepared following NI 43-101 rules and regulations. 11. As at the effective date of the Technical Report, to the best of my knowledge, information and belief, the sections of the Technical Report for which I am responsible contain all scientific and technical information that is required to be disclosed to make the portions of the Technical Report for which I am responsible not misleading. Signed and sealed this 16th day of January 2026. Signed and sealed on file Dinara Nussipakynova, P.Geo. 1050 West Pender Street Suite 800 Vancouver, BC V6E 3S7 T +1 604.661.2111 F +1 604.683.2872 BBAconsultants.com CERTIFICATE OF QUALIFIED PERSON Dario Evangelista, P.Eng. This certificate applies to the NI 43-101 Technical Report titled “Mineral Resource Estimate for the Berenguela Project, Province of Lampa, Department of Puno, Peru” (the “Technical Report”), prepared for Aftermath Silver Ltd., dated January 16, 2026, with an effective date of November 30, 2025. I, Dario Evangelista, P. Eng., do hereby certify that: I am a Mining Engineer with BBA International Inc. located at 1050 West Pender Street, Suite 800, Vancouver, British Columbia, Canada, V6E 3S7. I am a graduate of McGill University with a bachelor’s degree in Mining Engineering obtained in 2009. I am a member in good standing of the Association of Professional Engineers and Geoscientists of the Province of British Columbia (EGBC Member No. 50612) and of the Ordre des ingénieurs du Québec (OIQ Member No. 5011259). I have worked in the mining industry for more than 15 years. My relevant experience includes working for several mining operations and as a consultant on numerous mining projects. I have participated in the production of several NI 43-101 technical reports. I have read the definition of “qualified person” set out in NI 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”) and certify that, by reason of my education, affiliation with a professional association, and past relevant work experience, I fulfill the requirements to be a qualified person for the purposes of NI 43-101. I am independent of the issuer applying all the tests in Section 1.5 of NI 43-101. I am author and responsible for Sections 1.9.2, 12.2 and 14.9.1. I am also co-author for the relevant portions of Section 27 of the Technical Report. I have not visited the Berenguela Property that is the subject of the Technical Report. I have had no prior involvement with the Property that is the subject of the Technical Report. I have read NI 43-101 and the sections of the Technical Report for which I am responsible have been prepared in compliance with NI 43-101. As at the effective date of the Technical Report, to the best of my knowledge, information and belief, the section of the Technical Report for which I am responsible contains all scientific and technical information that is required to be disclosed to make the portion of the Technical Report for which I am responsible not misleading. Signed and sealed this 16th day of January 2026. Signed and sealed on file Dario Evangelista, P.Eng. Kappes, Cassiday & Associates 7950 Security Circle Reno, NV, USA 89506 CERTIFICATE OF QUALIFIED PERSON Brian Arthur, SME – Registered Member This certificate applies to the NI 43-101 Technical Report titled “Mineral Resource Estimate for the Berenguela Project, Province of Lampa, Department of Puno, Peru” (the “Technical Report”), prepared for Aftermath Silver Ltd., dated January 16, 2026, with an effective date of November 30, 2025. I, Brian Arthur, SME – Registered Member, as a co-author of the Technical Report, do hereby certify that: 1. I am an independent contractor with the consulting firm Kappes, Cassiday & Associates, located at 7950 Security Circle, Reno, NV. 2. I am a graduate of Montana College of Mineral Science and Technology in Butte, Mt. with a Bachelor of Science in Metallurgical Engineering in 1985 and a Master of Science in Metallurgical Engineering in 1987. 3. I am a Registered Member in good standing of the Society for Mining, Metallurgy & Exploration (SME). 4. My relevant experience includes 35 years of operating and developing precious metal and base metal projects in the United States, South America, The Dominical Republic, and Turkey. 5. I have read the definition of “qualified person” set out in the NI 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”) and certify that, by reason of my education, affiliation with a professional association, and past relevant work experience, I fulfill the requirements to be a qualified person for the purposes of NI 43-101. 6. I am independent of the issuer applying all the tests in Section 1.5 of NI 43-101. 7. I am author and responsible for Section 13 and 12.3. I am also co-author for the relevant portions of Sections 25, 26 and 27 of the Technical Report. 8. I have not visited the Berenguela Property that is the subject of the Technical Report, as it was not required for the purpose of this mandate. 9. I have had no prior involvement with the Property that is the subject of the Technical Report. 10. I have read NI 43-101, and the sections of the Technical Report for which I am responsible have been prepared following NI 43-101 rules and regulations. 11. As at the effective date of the Technical Report, to the best of my knowledge, information and belief, the sections of the Technical Report for which I am responsible contain all scientific and technical information that is required to be disclosed to make the portions of the Technical Report for which I am responsible not misleading. Signed and sealed this 16th day of January 2026. Signed and sealed on file Brian Arthur, SME – Registered Member Aftermath Silver Ltd. NI 43-101 Technical Report Mineral Resource Estimate for the Berenguela Project TABLE OF CONTENTS 1.1 General and Terms of Reference ........................................................................................ 1-1 1.2 Property Description, Location, and Ownership ................................................................ 1-1 1.3 History ...................................................................................................................................... 1-2 1.4 Geology and Mineralization ................................................................................................. 1-3 1.5 Exploration .............................................................................................................................. 1-5 1.6 Drilling ...................................................................................................................................... 1-5 1.7 Sampling and Data Verification .......................................................................................... 1-6 1.8 Metallurgical Testwork ........................................................................................................... 1-7 1.9 Mineral Resources .................................................................................................................. 1-8 1.9.1 Mineral Resource Estimation ..................................................................................................1-8 1.9.2 Reasonable Prospects for Eventual Economic Extraction ..................................................1-9 1.9.3 Mineral Resource Statement ...............................................................................................1-11 1.10 Conclusions and Recommendations ................................................................................ 1-12 1.10.1 Geology and Drilling .............................................................................................................1-12 1.10.2 QA/QC and Database ........................................................................................................1-13 1.10.3 Metallurgy ..............................................................................................................................1-13 1.10.4 Pre [Excerpt trimmed for readability. 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