In July of 2024, Micon International Limited, independent industry consultants, following an independent review of the Hat Project and its data, confirms Doubleview’s identification of the Lisle Zone as an alkalic copper-gold porphyry deposit and calculated its tonnage and metal content in a maiden mineral resource estimate (‘MRE”).

Resource estimate highlights include:

• Indicated resource estimate of 150 million tonnes (Mt) and inferred resource estimate of 477 Mt at 0.2% copper equivalent (“CuEq”) cut-off grade; or
• Indicated resource estimate of 1.353 billion pounds (Blb) of CuEq at 0.408% CuEq, which includes 733 Mlb of copper, 28 Mlb of cobalt, 929 thousand ounces of gold and 2 million ounces of silver.
• Inferred resource estimate of 3.619 Blb of CuEq at 0.344% CuEq, which includes 1.945 Blb of copper, 91 Mlb of cobalt, 2.328 million ounces of gold and 7.575 million ounces of silver.
• Scandium potential for the Hat Deposit is estimated to be 300 to 500 million tonnes at an average grade of 40 ppm (0.004%) Sc₂O₃.

Summary of MRE for Hat Deposit with a 0.2% CuEq cut-off as reported in the Technical Report 43-101 of the Hat Project, filed on SEDAR+ on September 09, 2024.

Parameters used to calculate cut-off grade:

Au price US$/oz: 1,900; Ag price US$/oz: 24; Cu price US$/lb: 4; Co price US$/lb: 22; Au recovery: 89.0%; Ag recovery: 68.0%; Cu recovery: 84.0%; Co recovery: 78.0%; Mining cost US$/t (OP): 2.5; Processing Cost US$/t: 6; G&A Cost US$/t: 2

Copper Equivalent Calculation

CuEq in % = ([Ag grade_ppm] *24*0.68/31.1035 + [Au grade_ppm] *1900*.89/31.1035 + 0.0001* [Co grade_ppm] *22*0.78*22.0462 + 0.0001* [Cu grade_ppm] *4*0.84*22.0462)/(4*22.0462*0.84). Scandium is not part of the copper equivalent calculation.

Quality Assurance and Quality Control:
Core samples were prepared at the North Vancouver facility of ALS Canada Ltd. using their PREP-31, PGM-ICP24, ME-MS61, and ME-ICP06 packages.  Each core sample is dried, then crushed to 70% passing a 2mm screen. All material is processed in an automatic Riffle splitter to yield a 250g homogenized, representative sample. This sub-sample is then pulverized to 85% passing a 75-micron screen. All samples are analyzed for Au, Pt, Pd by 50g fire-assay fusion/ICP-ES finish, using PGM-ICP24 package. A separate 0.25g pulp split is analyzed by Four Acid digestion/ICP-MS finish, reporting 48 elements. Over limit elements are analyzed by Ore Grade Four Acid digestion/ICP-ES finish using ME-OG62 assay package. All of Doubleview’s core samples are analyzed or assayed at independent ISO 17025 and ISO 9001- certified laboratories.

Note: True widths are not known at this time.  The Company is not aware of any drilling, sampling, recovery, or other facts that could materially affect the accuracy or reliability of the drill assay results. 

Details of analytical testing procedures are set forth in the Company’s news releases dated [11/07/2013, 20/01/2014, 14/05/2014,  03/02/2015, 30/09/2019,  02/02/2020, 03/07/2020, 16/02/2021 05/08/2021 of the Company on sedar.com]