Block Model

The updated mineral resource estimate as of 30th November 2022 for the Toral lead-zinc-silver deposit comprises:

High grade core identified in initial work, area has been focussed of recent campaigns and successfully upgraded from inferred to indicated.

• Indicated Resources of approximately 7 Mt@8.1% Zn Equivalent (including Pb credits), 6.8% Zn, 3.9% Pb and 27 g/t Ag.
• Inferred Resources of approximately 13 Mt@6.5 % Zn Equivalent (including Pb credits), 4.1% Zn, 2.3% Pb and 19 g/t Ag.

The results of this latest update compare very favourably with the Company's previously reported Mineral Resource Estimate, announced on 1 October 2021, as it represents a: 

• 19% increase in Indicated Mineral Resource tonnes; 
• 39% increase in Indicated contained tonnes of zinc to approximately 349,000 tonnes; 
• 33% increase in Indicated contained tonnes of lead to approximately 260,000 tonnes; and 
• 27% increase in Indicated contained ounces of silver to approximately 6.6 million ounces.