Company Description: ADAMAS MINING was established in 2001 in Mongolia and has successfully undertaken exploration and the development of mineral deposits throughout the country. Over the last 20 years, the company has achieved notable successes with its team, conducting detailed exploration of minerals across over 200 projects, including coal, rare earths, gold, silver, polymetallics, and uranium.

Status: Advanced exploration stage with defined mineable resources and an evaluated underground development concept

Deposit Location: Northern Mongolia, approximately 30 km from Umnudelger Sub-Province of Khentii Province; accessible via the Millennium Road and nearby spurs

Deposit Type: Silver-polymetallic (Ag-Pb-Zn) vein-type deposit

Target Commodity: Silver, Lead, Zinc

Ore Resources: ~4.49 Mt

Phase 1 (Measured + Indicated): ~2.47 Mt

Phase 2 (Inferred): ~2.02 Mt

Average Grade:

• Approximate average grades (Phase 1):
• Silver (Eq. Ag): ~244 g/t
• Lead (Pb): ~1.0%
• Zinc (Zn): ~1.1%

Contained Metal:

• Silver: ~1,289 t (Eq. Ag: ~2,179 t)
• Lead: ~69,950 t
• Zinc: ~67,240 t

Work Completed: Extensive exploration including drilling, trenching, underground excavation, geological mapping, geophysical surveys, hydrological studies, laboratory analysis, metallurgical testing, and 3D resource modeling.

Drill Results:

• HQ & NQ core drilling: 14,104 m
• Trenching: 23,898 m
• Underground excavation: 1,285 m
• Core samples: 1,400 pcs
• Assays and lab analyses: ~20,000+ samples