GoingToADollar

The average hole at Nyam is only about 100m deep. The four holes released today went as deep as 275m, and all four hit gold. Three of them beat the 0.76 g/t mine plan grade. The fourth came back weak at 0.32 to 0.54 g/t. NFA!

A 2013 hole at a similar down-plunge position was left out of the resource because of a 120m drilling gap. This year's holes closed it. Ryan's Surprise stepped out 50m east and west, with wider intercepts of 0.58 to 1.46 g/t. Assays pending for 44 of 53 holes. NFA.

Helium is only the 20th material on the list. DOE's reasoning: no viable substitute in many semiconductor applications, and demand growing faster than production. Neither Avanti nor Pulsar is producing yet, and Avanti's release gave no production date. NFA!

The C$8.5M advances Buffalo's Initial Production Module, targeting first production in Q1 2027. There's no feasibility study or reserves behind that plan, and their Horizontal Line-Drive method hasn't run at commercial scale yet. NFA!

Most of the AuEq is silver: the 407.55m averages 18.3 g/t Ag and 0.11 g/t Au, and recoveries are assumed, not tested. Widths are drilled lengths, so true thickness is unknown. One of the first three holes was lost to a void, and results for four more are pending. NFA.

All of this is visual. Assays are pending for every 2026 hole except the September vein, so grades and widths are unknown. Next: assays, then a fully funded ~20,000m program in 2027. We are shareholders and may buy or sell at anytime.

This hole is a 94m step north of the 2020 hole that ran 45.72m of 6.68 g/t, and the widest, highest-grade intercept of the 2026 program. Widths are drilled lengths from angled holes, so true thickness is unknown. Assays are pending on 27 holes at the Newmont zone. NFA.

Grade fell as tonnage grew: Indicated TREO went from 0.70% to 0.59%. Oxide prices and recoveries changed too, so it isn't like-for-like. Gallium has no value assigned yet because recovery isn't established. PEA targeted for H1 2027. NFA!