September 2024 Quarterly Activities Report

New targets identified at Browns Reef, the commencement of drilling, and co-funding grant awarded for IP survey at Arunta

Eastern Metals Limited (ASX: EMS) (“Eastern Metals” or “the Company”) is pleased to present its Quarterly Report for the period ending 30 September 2024.

HIGHLIGHTS

Cobar Project, NSW

Reverse Circulation (RC) drilling completed to test the new, high priority ‘Kelpie Hill’ and ‘Windmill Dam’ targets at the Cobar Project.
Diamond tails completed on two RC holes, one each at Kelpie Hill and Windmill Dam.
Diamond hole at Evergreen completed to test for an extension of the mineralisation along strike to the north.
Planning underway for an Induced Polarisation (IP) survey to ‘see through’ the younger Tertiary basalt cover, potentially highlighting new target areas for drilling.

Arunta Project, NT

Induced Polarisation (IP) survey completed at the Arunta Project to generate drill targets along strike from the existing Home of Bullion deposit.
The area offers strong potential for the discovery of additional high-grade, structurally controlled Volcanogenic Massive Sulphide-style lodes along a magnetic high trend.
Results from the IP survey will assist with prioritising targets for future drilling.
Survey supported by a co-funding grant for up to $100,000 through the NT’s Geophysics and Drilling Collaborations Program, Round 17, under the ‘Innovative Targeting’ category.

Corporate

Eastern Metals was successful in its application for the Australian Government's Junior Minerals Exploration Incentive scheme, receiving an allocation of $910,750 in refundable tax offsets and franking credits that are available for potential distribution to Eligible Shareholders for the 2024-25 income tax year.

Eastern Metals CEO, Ley Kingdom, said: “The September Quarter has been a busy period for Eastern Metals, with exploration programs underway at both our Cobar Project in NSW and Arunta Project in the Northern Territory.

“RC drilling at the Cobar Project commenced in early August, initially targeting the new Kelpie Hill and Windmill Dam targets, both of which lie along the highly prospective Woorara Fault and returned strongly anomalous copper, lead, zinc and silver results from rock chip sampling.

“Drilling at Cobar next moved to the high-grade Evergreen prospect, where previous drilling has returned intercepts including 13m @ 5.4% Zn, 2.3% Pb, 0.14% Cu, 11.5g/t Ag and 0.9g/t Au from 225m.

“At the Arunta Project, an Induced Polarisation survey commenced in mid-September, with results expected to enhance our understanding of the geologically complex Home of Bullion deposit and assess the potential for new discoveries within the Bullion Schist host rock along strike from the deposit.

“We look forward to another busy period at both Cobar and Arunta during the December 2024 Quarter.”

Click here for the full ASX Release

This article includes content from Eastern Metals, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.

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First Majestic Provides Positive Exploration Results at San Dimas

First Majestic Silver Corp. (NYSE: AG) (TSX: AG) (FSE: FMV) (the "Company" or "First Majestic") is pleased to announce positive drilling results from its comprehensive 2024 exploration program at its San Dimas Silver and Gold Mine in Durango, Mexico. The 2024 drilling program intersected significant silver and gold mineralization in multiple veins across the San Dimas property. The drilling results successfully expanded Mineral Resources and will convert Inferred Mineral Resources to Indicated Mineral Resources, and ultimately to Mineral Reserves.

"At the beginning of the year we planned a robust exploration program at our San Dimas mine which has returned impressive results," stated Keith Neumeyer, President & CEO of First Majestic. "Our exploration teams have completed approximately 113,000 metres of drilling within the district and have intersected significant silver and gold mineralization in multiple veins. Through the process of successfully converting Inferred to Indicated Resources at the Perez and Sinaloa-Elia veins, the program derisked mineralization for mining in 2025 and 2026."

Drillhole	Target	Target Type	Significant Intercept
ORO24_119	El Oro Vein	Resource conversion	177.65	1.30	0.92	4.08	36	362
ORO24_121	El Oro Vein	Resource conversion	286.35	1.65	0.95	8.92	1487	2200
Include		286.35	0.40	0.23	34.18	5263	7998
PE24_321	Perez Vein	Resource conversion	268.80	2.05	1.71	1.53	215	337
PE24_323	Perez Vein	Resource conversion	328.30	1.50	1.06	5.03	138	540
PE24_326	Perez Vein	Resource conversion	176.35	1.15	0.81	2.79	542	765
Include		176.95	0.55	0.39	4.10	801	1129
PE24_328	Perez Vein	Resource conversion	280.80	4.10	3.14	3.66	485	778
Include		283.00	1.35	1.03	8.20	1052	1708
PE24_332	Perez Vein	Resource conversion	332.70	1.30	1.08	3.11	170	418
PE24_335	Perez Vein	Resource conversion	265.90	1.50	1.24	1.06	217	302
PE24_438	Perez Vein	Resource conversion	70.15	0.80	0.78	1.59	115	242
PE24_439	Perez Vein	Resource conversion	80.25	0.80	0.75	2.99	503	742
PE24_340	Perez Vein	Resource conversion	283.90	9.10	3.85	2.21	282	459
Include		285.35	0.40	0.17	7.23	791	1370
Include		288.80	1.00	0.42	3.75	653	953
PE24_341	Perez Vein	Resource conversion	150.05	1.15	0.91	3.39	434	705
Include		150.05	0.70	0.55	5.02	657	1059
PE24_343	Perez Vein	Resource conversion	141.35	2.45	2.30	6.28	1001	1503
Include		141.35	0.55	0.52	7.03	949	1512
Include		142.25	1.55	1.46	7.11	1199	1769
PE24_346	Perez Vein	Resource conversion	239.10	7.15	5.06	2.00	309	469
Include		239.10	1.00	0.71	5.46	873	1309
PE24_347	Perez Vein	Resource conversion	171.15	1.85	1.36	2.48	525	724
Include		172.65	0.35	0.26	4.17	1158	1492
PE24_350	Perez Vein	Resource conversion	288.55	1.75	1.34	2.99	441	680
Include		288.55	1.15	0.88	3.84	553	861
PE24_351	Perez Vein	Resource conversion	159.80	5.15	4.22	1.07	166	251
PE24_354	Perez Vein	Resource addition	302.40	2.05	1.45	2.64	326	537
Include		302.40	0.95	0.67	4.02	447	769
PE24_361	Perez Vein	Resource conversion	316.00	2.25	0.95	0.99	146	226
PE24_376	Perez Vein	Resource conversion	137.85	1.40	1.27	1.98	200	358
PE24_380	Perez Vein	Resource addition	285.00	1.80	0.83	3.08	330	576
Include		286.25	0.55	0.25	8.78	898	1600
PE24_385	Perez Vein	Resource conversion	153.45	1.05	0.91	0.79	157	220
PE24_386	Perez Vein	Resource conversion	271.20	1.55	0.89	4.10	493	820
Include		271.60	0.55	0.32	7.37	841	1431
PE24_390	Perez Vein	Resource conversion	150.95	1.25	1.02	5.04	860	1263
Include		150.95	0.60	0.49	7.27	1377	1958
PE24_395	Perez Vein	Resource conversion	202.75	1.00	0.77	2.59	148	355
Include		203.35	0.40	0.31	5.36	273	701
PE24_397	Perez Vein	Resource conversion	156.40	3.95	3.65	10.03	1996	2799
PE24_401	Perez Vein	Resource addition	314.20	2.70	1.45	2.22	523	700
Include		315.60	0.55	0.35	3.73	740	1038
PE24_407	Perez Vein	Resource conversion	287.25	3.20	1.41	1.71	323	460
Include		289.65	0.80	0.46	3.81	724	1029
PE24_415	Perez Vein	Resource addition	782.90	0.75	0.70	1.32	217	322
Include		782.90	0.30	0.28	3.11	525	774
PE24_447	Perez Vein	Resource addition	145.75	7.75	4.16	3.41	325	598
Include		147.40	0.50	0.27	4.31	456	801
Include		149.00	1.90	1.02	8.23	646	1304
PE24_448	Vein	Resource conversion	120.15	4.65	2.99	1.51	198	319
Include		121.40	0.50	0.32	4.60	802	1170
Perez Vein		150.35	1.25	1.15	1.46	268	385
PE24_451	Perez Vein	Resource conversion	173.95	1.80	1.60	1.79	339	482
PE24_456	Perez Vein	Resource conversion	76.65	1.35	1.07	1.35	274	382
SIN24_103	Vein	Resource conversion	58.50	8.20	3.47	2.28	205	388
Include		59.10	0.85	0.36	5.83	476	943
Sinaloa Vein		345.75	2.00	1.64	8.31	507	1172
Include		345.75	1.15	0.94	12.95	791	1827
SIN24_104	Sinaloa Vein	Resource conversion	296.70	2.00	1.35	4.94	270	665
Include		297.00	1.10	0.74	7.07	351	917
SIN24_105	Sinaloa Vein	Resource conversion	342.75	1.25	0.96	8.83	225	932
Include		342.75	0.80	0.61	13.46	269	1346
SIN24_106	Sinaloa Vein	Resource conversion	303.40	3.35	2.97	6.61	501	1030
Include		303.40	1.00	0.89	6.18	492	986
Include		305.15	0.60	0.53	15.76	1458	2719
SIN24_108	Sinaloa Vein	Resource conversion	314.70	3.20	2.26	3.93	196	510
Include	Resource conversion	314.70	0.70	0.49	9.77	562	1344
SIN24_109	Sinaloa Vein	Resource conversion	278.70	2.20	1.69	10.91	796	1669
Include		279.50	0.95	0.73	20.19	1525	3140
SIN24_110	Sinaloa Vein	Resource conversion	334.10	0.95	0.78	7.93	385	1019
Include		334.10	0.50	0.41	12.97	620	1658
SIN24_114	Sinaloa Vein	Resource conversion	358.15	1.65	1.50	7.46	118	715
Include		358.15	0.75	0.68	15.00	211	1411
SIN24_117	Sinaloa Vein	Resource addition	407.85	1.25	0.96	2.10	86	254
SIN24_118	Sinaloa Vein	Resource conversion	365.60	1.20	0.85	1.35	105	213
SIN24_120	Sinaloa Vein	Resource addition	436.65	1.60	1.31	23.33	1045	2911
Include		437.15	1.10	0.90	32.54	1455	4058
SIN24_124	Sinaloa Vein	Resource addition	417.80	1.15	1.02	3.72	113	411
SIN24_125	Sinaloa Vein	Resource conversion	390.50	1.20	1.04	2.39	82	273
EL24_280	Elia Vein	Resource addition	395.55	2.20	1.26	2.52	182	384
EL24_282	Elia Vein	Resource addition	360.90	1.25	0.84	2.78	100	322
ST24_031	Santa Teresa Vein	Resource addition	149.30	3.05	2.42	2.83	176	402
Include		150.70	0.55	0.44	6.34	274	781
ST24_051	Santa Teresa Vein	Resource addition	206.60	7.15	5.86	3.11	166	415
Include		209.25	0.55	0.45	6.12	299	789
Include		212.70	0.60	0.49	12.16	731	1704
ST24_052	Santa Teresa Vein	Resource addition	237.90	2.40	2.08	4.11	86	415
Santa Teresa FW		256.80	1.30	1.13	4.95	11	407
ST24_054	Santa Teresa FW	Resource addition	196.10	1.45	1.26	8.51	264	945
Include		197.00	0.55	0.48	19.33	622	2169
ST24_059	Santa Teresa Vein	Resource addition	139.80	1.20	0.73	0.93	1079	1154
Include		139.80	0.40	0.24	1.29	3035	3138
ST24_060	Santa Teresa Vein	Resource addition	199.40	1.70	1.39	4.49	124	483
ST24_062	Santa Teresa	Resource addition	233.50	2.70	1.55	3.70	161	457
ST24_064	Santa Teresa	Resource conversion	173.60	1.05	1.05	4.46	111	467
Santa Teresa		175.95	0.75	0.75	5.91	130	603
Include		176.40	0.30	0.30	8.08	214	860
ST24_065	Santa Teresa	Resource addition	254.15	2.75	1.69	13.53	211	1293
Include		255.60	1.30	0.80	24.31	288	2233
ST24_067	Santa Teresa	Resource addition	262.25	5.95	3.41	10.02	359	1161
Include		262.85	1.65	0.95	25.22	1043	3061
Include		266.90	1.30	0.75	10.18	168	983
ROS24_045	Rosario Vein	Resource addition	380.35	1.10	0.71	4.50	814	1174
Include		380.65	0.80	0.66	6.06	1091	1576
ROS24_047	Intermedia Vein	Resource addition	315.00	1.05	0.97	10.58	561	1408
Include		315.00	0.45	0.42	18.93	944	2458
ROS24_052	Rosario Vein	Resource addition	457.65	2.45	1.49	5.64	317	769
Include		457.65	0.80	0.49	13.61	712	1801
ROS24_053	Intermedia Vein	Resource addition	337.20	3.45	2.33	5.53	382	825
SRE24_298	Santa Regina Vein	Resource conversion	263.85	0.85	0.74	2.53	675	878
Include		263.85	0.55	0.48	3.22	930	1188
SRE24_299	Santa Regina Vein	Resource addition	479.45	0.80	0.74	1.57	233	358
RO24_475	Roberta Vein	Resource addition	362.50	1.15	1.00	5.92	306	780
Include		363.10	0.55	0.51	11.43	555	1469
SJE24_479	Santa Jessica Vein	Resource addition	852.75	0.90	0.78	2.27	223	404
SJE24_480	Santa Jessica Vein	Resource addition	1037.20	1.50	0.75	2.22	422	600
Include		1038.00	0.70	0.35	2.70	514	730
NB24_070	Noche Buena Vein	Resource addition	126.00	0.80	0.71	4.61	603	972
NB24_072	Noche Buena Vein	Resource conversion	126.85	0.90	0.82	2.91	331	564
Include		126.85	0.60	0.54	3.86	437	746
NB24_078	Noche Buena	Resource addition	139.25	0.85	0.70	3.31	272	537
Include		139.60	0.50	0.41	5.10	424	832
NB24_080	Noche Buena	Resource addition	284.40	2.70	0.92	7.47	841	1439
Include		284.40	0.55	0.19	7.48	688	1286
Include		285.50	1.60	0.55	9.58	1141	1907
NB24_082	Noche Buena	Resource addition	258.75	5.00	1.71	1.61	145	273
Include		260.85	0.40	0.14	5.05	509	913

Drillhole	East	North	Elevation	Azimuth	Dip	Depth (m)	Type
ORO24_119	404186.83	2665505.57	510.27	311.6	30.9	216	Core
ORO24_121	404186.74	2665505.13	510.02	288.2	26.4	315	Core
PE24_321	398694.94	2671241.80	830.57	300.1	28.2	297	Core
PE24_323	399018.62	2671353.55	843.81	307.7	31.9	351	Core
PE24_326	399314.32	2671669.98	858.42	2.5	-21.4	210	Core
PE24_328	398695.08	2671241.42	830.03	293.7	27.2	300	Core
PE24_332	399018.67	2671353.57	844.03	302.2	31.1	360	Core
PE24_335	398695.09	2671241.80	830.97	310.9	35.1	297	Core
PE24_340	398695.30	2671241.54	830.25	289.2	24.4	300	Core
PE24_341	399311.20	2671668.72	858.31	287.7	-19.3	186	Core
PE24_343	399311.94	2671669.24	858.49	311.4	-15.9	183	Core
PE24_346	398695.49	2671242.10	831.10	318.7	37.0	276	Core
PE24_347	399310.90	2671668.67	858.76	286.5	-3.0	192	Core
PE24_350	398694.79	2671240.95	830.13	281.1	19.7	297	Core
PE24_351	399311.90	2671669.25	858.83	304.0	-2.5	195	Core
PE24_354	398693.94	2671240.38	830.16	278.1	18.9	309	Core
PE24_361	398693.86	2671240.07	829.88	269.8	12.4	324	Core
PE24_376	399312.88	2671669.69	858.02	325.9	-33.0	198	Core
PE24_380	398695.57	2671242.02	831.19	316.2	38.1	303	Core
PE24_385	399312.57	2671669.59	858.03	334.0	-43.9	186	Core
PE24_386	398694.60	2671241.53	830.66	296.9	25.1	285	Core
PE24_390	399311.77	2671669.19	858.76	310.7	-7.5	171	Core
PE24_395	399313.36	2671669.84	859.01	343.1	2.0	231	Core
PE24_397	399310.90	2671668.67	858.76	294.4	-8.4	178	Core
PE24_401	398695.61	2671242.10	831.31	319.3	42.6	329	Core
PE24_407	399314.86	2671669.38	858.98	8.0	0.1	327	Core
PE24_438	398730.79	2671362.25	935.27	353.9	1.4	108	Core
PE24_439	398731.26	2671362.21	935.25	5.3	0.4	90	Core
PE24_447	398731.28	2671361.78	937.17	339.6	41.5	190	Core
PE24_448	398732.89	2671361.92	936.21	27.0	20.5	189	Core
PE24_451	398731.78	2671361.91	936.75	2.5	35.3	207	Core
PE24_456	398732.09	2671362.23	934.82	21.4	-22.2	120	Core
SIN24_103	399888.71	2666329.74	561.72	311.5	-20.8	369	Core
SIN24_104	399888.29	2666329.06	561.58	305.6	-12.2	318	Core
SIN24_105	399888.37	2666329.16	561.39	298.8	-15.8	375	Core
SIN24_106	399888.28	2666329.14	561.56	297.5	-8.5	342	Core
SIN24_108	399888.31	2666329.19	561.47	297.5	-12.6	360	Core
SIN24_109	399888.40	2666329.09	561.76	291.6	-2.3	329	Core
SIN24_110	399888.35	2666329.01	561.60	291.3	-9.0	357	Core
SIN24_114	399888.23	2666327.97	561.40	294.2	-15.5	381	Core
SIN24_117	399740.06	2666103.84	562.85	308.3	-9.5	498	Core
SIN24_118	399888.68	2666329.41	561.24	304.5	-23.9	403	Core
SIN24_120	399739.93	2666103.68	562.89	294.8	-6.7	525	Core
SIN24_124	399739.55	2666103.91	562.76	300.6	-10.2	501	Core
SIN24_125	399888.13	2666327.64	561.54	278.3	-11.0	405	Core
EL24_280	400316.27	2667086.85	548.98	187.0	-38.1	450	Core
EL24_282	400316.25	2667087.50	549.26	186.8	-47.5	384	Core
ST24_031	397881.41	2667260.65	577.81	303.0	7.9	249	Core
ST24_051	397881.13	2667260.07	577.71	287.0	-2.6	315	Core
ST24_052	397881.64	2667259.90	577.54	286.2	-19.8	294	Core
ST24_054	397881.19	2667260.54	577.75	293.4	-0.4	328	Core
ST24_059	397881.00	2667260.50	576.99	140.0	-40.3	204	Core
ST24_060	398331.72	2667366.41	559.43	305.2	40.4	240	Core
ST24_062	398331.32	2667365.72	559.47	297.8	43.8	255	Core
ST24_064	398331.96	2667366.93	559.33	316.0	38.8	195	Core
ST24_065	398331.47	2667366.09	559.40	292.5	40.8	273	Core
ST24_067	398331.22	2667365.81	559.08	285.6	33.8	294	Core
ROS24_045	400151.46	2665597.09	555.16	197.5	-1.0	633	Core
ROS24_047	399811.70	2665304.41	950.59	182.3	-16.3	855	Core
ROS24_052	400150.99	2665597.17	555.44	207.2	4.4	531	Core
ROS24_053	399811.22	2665303.91	950.83	184.7	-7.6	723	Core
SRE24_298	399695.22	2670822.92	842.52	162.3	27.2	606	Core
SRE24_299	399693.84	2670824.09	842.03	197.6	25.6	531	Core
RO24_475	401130.19	2668953.36	744.44	277.9	23.8	423	Core
SJE24_479	401988.50	2672366.33	1044.36	200.8	-27.6	1068	Core
SJE24_480	401988.14	2672365.00	1044.10	200.3	-17.3	1152	Core
NB24_070	400702.87	2671037.78	1144.68	159.9	22.4	159	Core
NB24_072	400701.90	2671037.72	1143.50	177.0	2.0	144	Core
NB24_078	400704.97	2671037.87	1144.31	135.3	19.8	240	Core
NB24_080	400719.96	2671050.99	1143.92	103.9	15.9	330	Core
NB24_082	400720.55	2671050.84	1143.85	104.6	11.4	303	Core

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First Majestic Provides Positive Exploration Results at San Dimas

First Majestic Silver Corp. (NYSE: AG) (TSX: AG) (FSE: FMV) (the "Company" or "First Majestic") is pleased to announce positive drilling results from its comprehensive 2024 exploration program at its San Dimas Silver and Gold Mine in Durango, Mexico. The 2024 drilling program intersected significant silver and gold mineralization in multiple veins across the San Dimas property. The drilling results successfully expanded Mineral Resources and will convert Inferred Mineral Resources to Indicated Mineral Resources, and ultimately to Mineral Reserves.

"At the beginning of the year we planned a robust exploration program at our San Dimas mine which has returned impressive results," stated Keith Neumeyer, President & CEO of First Majestic. "Our exploration teams have completed approximately 113,000 metres of drilling within the district and have intersected significant silver and gold mineralization in multiple veins. Through the process of successfully converting Inferred to Indicated Resources at the Perez and Sinaloa-Elia veins, the program derisked mineralization for mining in 2025 and 2026."

Drillhole	Target	Target Type	Significant Intercept
ORO24_119	El Oro Vein	Resource conversion	177.65	1.30	0.92	4.08	36	362
ORO24_121	El Oro Vein	Resource conversion	286.35	1.65	0.95	8.92	1487	2200
Include		286.35	0.40	0.23	34.18	5263	7998
PE24_321	Perez Vein	Resource conversion	268.80	2.05	1.71	1.53	215	337
PE24_323	Perez Vein	Resource conversion	328.30	1.50	1.06	5.03	138	540
PE24_326	Perez Vein	Resource conversion	176.35	1.15	0.81	2.79	542	765
Include		176.95	0.55	0.39	4.10	801	1129
PE24_328	Perez Vein	Resource conversion	280.80	4.10	3.14	3.66	485	778
Include		283.00	1.35	1.03	8.20	1052	1708
PE24_332	Perez Vein	Resource conversion	332.70	1.30	1.08	3.11	170	418
PE24_335	Perez Vein	Resource conversion	265.90	1.50	1.24	1.06	217	302
PE24_438	Perez Vein	Resource conversion	70.15	0.80	0.78	1.59	115	242
PE24_439	Perez Vein	Resource conversion	80.25	0.80	0.75	2.99	503	742
PE24_340	Perez Vein	Resource conversion	283.90	9.10	3.85	2.21	282	459
Include		285.35	0.40	0.17	7.23	791	1370
Include		288.80	1.00	0.42	3.75	653	953
PE24_341	Perez Vein	Resource conversion	150.05	1.15	0.91	3.39	434	705
Include		150.05	0.70	0.55	5.02	657	1059
PE24_343	Perez Vein	Resource conversion	141.35	2.45	2.30	6.28	1001	1503
Include		141.35	0.55	0.52	7.03	949	1512
Include		142.25	1.55	1.46	7.11	1199	1769
PE24_346	Perez Vein	Resource conversion	239.10	7.15	5.06	2.00	309	469
Include		239.10	1.00	0.71	5.46	873	1309
PE24_347	Perez Vein	Resource conversion	171.15	1.85	1.36	2.48	525	724
Include		172.65	0.35	0.26	4.17	1158	1492
PE24_350	Perez Vein	Resource conversion	288.55	1.75	1.34	2.99	441	680
Include		288.55	1.15	0.88	3.84	553	861
PE24_351	Perez Vein	Resource conversion	159.80	5.15	4.22	1.07	166	251
PE24_354	Perez Vein	Resource addition	302.40	2.05	1.45	2.64	326	537
Include		302.40	0.95	0.67	4.02	447	769
PE24_361	Perez Vein	Resource conversion	316.00	2.25	0.95	0.99	146	226
PE24_376	Perez Vein	Resource conversion	137.85	1.40	1.27	1.98	200	358
PE24_380	Perez Vein	Resource addition	285.00	1.80	0.83	3.08	330	576
Include		286.25	0.55	0.25	8.78	898	1600
PE24_385	Perez Vein	Resource conversion	153.45	1.05	0.91	0.79	157	220
PE24_386	Perez Vein	Resource conversion	271.20	1.55	0.89	4.10	493	820
Include		271.60	0.55	0.32	7.37	841	1431
PE24_390	Perez Vein	Resource conversion	150.95	1.25	1.02	5.04	860	1263
Include		150.95	0.60	0.49	7.27	1377	1958
PE24_395	Perez Vein	Resource conversion	202.75	1.00	0.77	2.59	148	355
Include		203.35	0.40	0.31	5.36	273	701
PE24_397	Perez Vein	Resource conversion	156.40	3.95	3.65	10.03	1996	2799
PE24_401	Perez Vein	Resource addition	314.20	2.70	1.45	2.22	523	700
Include		315.60	0.55	0.35	3.73	740	1038
PE24_407	Perez Vein	Resource conversion	287.25	3.20	1.41	1.71	323	460
Include		289.65	0.80	0.46	3.81	724	1029
PE24_415	Perez Vein	Resource addition	782.90	0.75	0.70	1.32	217	322
Include		782.90	0.30	0.28	3.11	525	774
PE24_447	Perez Vein	Resource addition	145.75	7.75	4.16	3.41	325	598
Include		147.40	0.50	0.27	4.31	456	801
Include		149.00	1.90	1.02	8.23	646	1304
PE24_448	Vein	Resource conversion	120.15	4.65	2.99	1.51	198	319
Include		121.40	0.50	0.32	4.60	802	1170
Perez Vein		150.35	1.25	1.15	1.46	268	385
PE24_451	Perez Vein	Resource conversion	173.95	1.80	1.60	1.79	339	482
PE24_456	Perez Vein	Resource conversion	76.65	1.35	1.07	1.35	274	382
SIN24_103	Vein	Resource conversion	58.50	8.20	3.47	2.28	205	388
Include		59.10	0.85	0.36	5.83	476	943
Sinaloa Vein		345.75	2.00	1.64	8.31	507	1172
Include		345.75	1.15	0.94	12.95	791	1827
SIN24_104	Sinaloa Vein	Resource conversion	296.70	2.00	1.35	4.94	270	665
Include		297.00	1.10	0.74	7.07	351	917
SIN24_105	Sinaloa Vein	Resource conversion	342.75	1.25	0.96	8.83	225	932
Include		342.75	0.80	0.61	13.46	269	1346
SIN24_106	Sinaloa Vein	Resource conversion	303.40	3.35	2.97	6.61	501	1030
Include		303.40	1.00	0.89	6.18	492	986
Include		305.15	0.60	0.53	15.76	1458	2719
SIN24_108	Sinaloa Vein	Resource conversion	314.70	3.20	2.26	3.93	196	510
Include	Resource conversion	314.70	0.70	0.49	9.77	562	1344
SIN24_109	Sinaloa Vein	Resource conversion	278.70	2.20	1.69	10.91	796	1669
Include		279.50	0.95	0.73	20.19	1525	3140
SIN24_110	Sinaloa Vein	Resource conversion	334.10	0.95	0.78	7.93	385	1019
Include		334.10	0.50	0.41	12.97	620	1658
SIN24_114	Sinaloa Vein	Resource conversion	358.15	1.65	1.50	7.46	118	715
Include		358.15	0.75	0.68	15.00	211	1411
SIN24_117	Sinaloa Vein	Resource addition	407.85	1.25	0.96	2.10	86	254
SIN24_118	Sinaloa Vein	Resource conversion	365.60	1.20	0.85	1.35	105	213
SIN24_120	Sinaloa Vein	Resource addition	436.65	1.60	1.31	23.33	1045	2911
Include		437.15	1.10	0.90	32.54	1455	4058
SIN24_124	Sinaloa Vein	Resource addition	417.80	1.15	1.02	3.72	113	411
SIN24_125	Sinaloa Vein	Resource conversion	390.50	1.20	1.04	2.39	82	273
EL24_280	Elia Vein	Resource addition	395.55	2.20	1.26	2.52	182	384
EL24_282	Elia Vein	Resource addition	360.90	1.25	0.84	2.78	100	322
ST24_031	Santa Teresa Vein	Resource addition	149.30	3.05	2.42	2.83	176	402
Include		150.70	0.55	0.44	6.34	274	781
ST24_051	Santa Teresa Vein	Resource addition	206.60	7.15	5.86	3.11	166	415
Include		209.25	0.55	0.45	6.12	299	789
Include		212.70	0.60	0.49	12.16	731	1704
ST24_052	Santa Teresa Vein	Resource addition	237.90	2.40	2.08	4.11	86	415
Santa Teresa FW		256.80	1.30	1.13	4.95	11	407
ST24_054	Santa Teresa FW	Resource addition	196.10	1.45	1.26	8.51	264	945
Include		197.00	0.55	0.48	19.33	622	2169
ST24_059	Santa Teresa Vein	Resource addition	139.80	1.20	0.73	0.93	1079	1154
Include		139.80	0.40	0.24	1.29	3035	3138
ST24_060	Santa Teresa Vein	Resource addition	199.40	1.70	1.39	4.49	124	483
ST24_062	Santa Teresa	Resource addition	233.50	2.70	1.55	3.70	161	457
ST24_064	Santa Teresa	Resource conversion	173.60	1.05	1.05	4.46	111	467
Santa Teresa		175.95	0.75	0.75	5.91	130	603
Include		176.40	0.30	0.30	8.08	214	860
ST24_065	Santa Teresa	Resource addition	254.15	2.75	1.69	13.53	211	1293
Include		255.60	1.30	0.80	24.31	288	2233
ST24_067	Santa Teresa	Resource addition	262.25	5.95	3.41	10.02	359	1161
Include		262.85	1.65	0.95	25.22	1043	3061
Include		266.90	1.30	0.75	10.18	168	983
ROS24_045	Rosario Vein	Resource addition	380.35	1.10	0.71	4.50	814	1174
Include		380.65	0.80	0.66	6.06	1091	1576
ROS24_047	Intermedia Vein	Resource addition	315.00	1.05	0.97	10.58	561	1408
Include		315.00	0.45	0.42	18.93	944	2458
ROS24_052	Rosario Vein	Resource addition	457.65	2.45	1.49	5.64	317	769
Include		457.65	0.80	0.49	13.61	712	1801
ROS24_053	Intermedia Vein	Resource addition	337.20	3.45	2.33	5.53	382	825
SRE24_298	Santa Regina Vein	Resource conversion	263.85	0.85	0.74	2.53	675	878
Include		263.85	0.55	0.48	3.22	930	1188
SRE24_299	Santa Regina Vein	Resource addition	479.45	0.80	0.74	1.57	233	358
RO24_475	Roberta Vein	Resource addition	362.50	1.15	1.00	5.92	306	780
Include		363.10	0.55	0.51	11.43	555	1469
SJE24_479	Santa Jessica Vein	Resource addition	852.75	0.90	0.78	2.27	223	404
SJE24_480	Santa Jessica Vein	Resource addition	1037.20	1.50	0.75	2.22	422	600
Include		1038.00	0.70	0.35	2.70	514	730
NB24_070	Noche Buena Vein	Resource addition	126.00	0.80	0.71	4.61	603	972
NB24_072	Noche Buena Vein	Resource conversion	126.85	0.90	0.82	2.91	331	564
Include		126.85	0.60	0.54	3.86	437	746
NB24_078	Noche Buena	Resource addition	139.25	0.85	0.70	3.31	272	537
Include		139.60	0.50	0.41	5.10	424	832
NB24_080	Noche Buena	Resource addition	284.40	2.70	0.92	7.47	841	1439
Include		284.40	0.55	0.19	7.48	688	1286
Include		285.50	1.60	0.55	9.58	1141	1907
NB24_082	Noche Buena	Resource addition	258.75	5.00	1.71	1.61	145	273
Include		260.85	0.40	0.14	5.05	509	913

Drillhole	East	North	Elevation	Azimuth	Dip	Depth (m)	Type
ORO24_119	404186.83	2665505.57	510.27	311.6	30.9	216	Core
ORO24_121	404186.74	2665505.13	510.02	288.2	26.4	315	Core
PE24_321	398694.94	2671241.80	830.57	300.1	28.2	297	Core
PE24_323	399018.62	2671353.55	843.81	307.7	31.9	351	Core
PE24_326	399314.32	2671669.98	858.42	2.5	-21.4	210	Core
PE24_328	398695.08	2671241.42	830.03	293.7	27.2	300	Core
PE24_332	399018.67	2671353.57	844.03	302.2	31.1	360	Core
PE24_335	398695.09	2671241.80	830.97	310.9	35.1	297	Core
PE24_340	398695.30	2671241.54	830.25	289.2	24.4	300	Core
PE24_341	399311.20	2671668.72	858.31	287.7	-19.3	186	Core
PE24_343	399311.94	2671669.24	858.49	311.4	-15.9	183	Core
PE24_346	398695.49	2671242.10	831.10	318.7	37.0	276	Core
PE24_347	399310.90	2671668.67	858.76	286.5	-3.0	192	Core
PE24_350	398694.79	2671240.95	830.13	281.1	19.7	297	Core
PE24_351	399311.90	2671669.25	858.83	304.0	-2.5	195	Core
PE24_354	398693.94	2671240.38	830.16	278.1	18.9	309	Core
PE24_361	398693.86	2671240.07	829.88	269.8	12.4	324	Core
PE24_376	399312.88	2671669.69	858.02	325.9	-33.0	198	Core
PE24_380	398695.57	2671242.02	831.19	316.2	38.1	303	Core
PE24_385	399312.57	2671669.59	858.03	334.0	-43.9	186	Core
PE24_386	398694.60	2671241.53	830.66	296.9	25.1	285	Core
PE24_390	399311.77	2671669.19	858.76	310.7	-7.5	171	Core
PE24_395	399313.36	2671669.84	859.01	343.1	2.0	231	Core
PE24_397	399310.90	2671668.67	858.76	294.4	-8.4	178	Core
PE24_401	398695.61	2671242.10	831.31	319.3	42.6	329	Core
PE24_407	399314.86	2671669.38	858.98	8.0	0.1	327	Core
PE24_438	398730.79	2671362.25	935.27	353.9	1.4	108	Core
PE24_439	398731.26	2671362.21	935.25	5.3	0.4	90	Core
PE24_447	398731.28	2671361.78	937.17	339.6	41.5	190	Core
PE24_448	398732.89	2671361.92	936.21	27.0	20.5	189	Core
PE24_451	398731.78	2671361.91	936.75	2.5	35.3	207	Core
PE24_456	398732.09	2671362.23	934.82	21.4	-22.2	120	Core
SIN24_103	399888.71	2666329.74	561.72	311.5	-20.8	369	Core
SIN24_104	399888.29	2666329.06	561.58	305.6	-12.2	318	Core
SIN24_105	399888.37	2666329.16	561.39	298.8	-15.8	375	Core
SIN24_106	399888.28	2666329.14	561.56	297.5	-8.5	342	Core
SIN24_108	399888.31	2666329.19	561.47	297.5	-12.6	360	Core
SIN24_109	399888.40	2666329.09	561.76	291.6	-2.3	329	Core
SIN24_110	399888.35	2666329.01	561.60	291.3	-9.0	357	Core
SIN24_114	399888.23	2666327.97	561.40	294.2	-15.5	381	Core
SIN24_117	399740.06	2666103.84	562.85	308.3	-9.5	498	Core
SIN24_118	399888.68	2666329.41	561.24	304.5	-23.9	403	Core
SIN24_120	399739.93	2666103.68	562.89	294.8	-6.7	525	Core
SIN24_124	399739.55	2666103.91	562.76	300.6	-10.2	501	Core
SIN24_125	399888.13	2666327.64	561.54	278.3	-11.0	405	Core
EL24_280	400316.27	2667086.85	548.98	187.0	-38.1	450	Core
EL24_282	400316.25	2667087.50	549.26	186.8	-47.5	384	Core
ST24_031	397881.41	2667260.65	577.81	303.0	7.9	249	Core
ST24_051	397881.13	2667260.07	577.71	287.0	-2.6	315	Core
ST24_052	397881.64	2667259.90	577.54	286.2	-19.8	294	Core
ST24_054	397881.19	2667260.54	577.75	293.4	-0.4	328	Core
ST24_059	397881.00	2667260.50	576.99	140.0	-40.3	204	Core
ST24_060	398331.72	2667366.41	559.43	305.2	40.4	240	Core
ST24_062	398331.32	2667365.72	559.47	297.8	43.8	255	Core
ST24_064	398331.96	2667366.93	559.33	316.0	38.8	195	Core
ST24_065	398331.47	2667366.09	559.40	292.5	40.8	273	Core
ST24_067	398331.22	2667365.81	559.08	285.6	33.8	294	Core
ROS24_045	400151.46	2665597.09	555.16	197.5	-1.0	633	Core
ROS24_047	399811.70	2665304.41	950.59	182.3	-16.3	855	Core
ROS24_052	400150.99	2665597.17	555.44	207.2	4.4	531	Core
ROS24_053	399811.22	2665303.91	950.83	184.7	-7.6	723	Core
SRE24_298	399695.22	2670822.92	842.52	162.3	27.2	606	Core
SRE24_299	399693.84	2670824.09	842.03	197.6	25.6	531	Core
RO24_475	401130.19	2668953.36	744.44	277.9	23.8	423	Core
SJE24_479	401988.50	2672366.33	1044.36	200.8	-27.6	1068	Core
SJE24_480	401988.14	2672365.00	1044.10	200.3	-17.3	1152	Core
NB24_070	400702.87	2671037.78	1144.68	159.9	22.4	159	Core
NB24_072	400701.90	2671037.72	1143.50	177.0	2.0	144	Core
NB24_078	400704.97	2671037.87	1144.31	135.3	19.8	240	Core
NB24_080	400719.96	2671050.99	1143.92	103.9	15.9	330	Core
NB24_082	400720.55	2671050.84	1143.85	104.6	11.4	303	Core

News Provided by Newsfile via QuoteMedia

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Boab Metals Set to Shine with Sorby Hills Amid 2025 Silver Surge: Report

Description:

Shaw and Partners' recent research note, dated December 16, 2024, highlights a promising outlook for silver in 2025, emphasizing Boab Metals' (ASX:BML) strategic position to benefit from this trend.

With its flagship Sorby Hills Project in Western Australia, the company is poised to capitalize on rising silver demand and constrained global supply. The report highlights Sorby Hills' robust metrics, including a pre-tax net present value (NPV) of AU$411 million and a pre-tax internal rate of return (IRR) of 37 percent, underpinned by low operating costs and a significant lead-silver concentrate output.

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Quarterly Activities and Cashflow Report for the period ending 31 December 2024

Boab Metals Limited (ASX: BML) (“Boab” or “Company”) is pleased to provide the following activities and cashflow report for the quarter ending 31 December, 2024. During the quarter, the Company continued progressing its flagship Sorby Hills Lead-Silver-Zinc Project (“Sorby Hills” or “the Project”), located in the Kimberley Region of Western Australia.

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Cerro Leon drill results

Up to 3134gpt Silver at Chala, and new discoveries building at the Archen and CSS prospects.

Unico Silver Limited (“USL” or the “Company”) is pleased to announce further assay results from ongoing drilling at the Cerro Leon project, located in the Santa Cruz province of Argentina. The current drill program at Cerro Leon commenced October 2024 and is anticipated to continue through to the end of Q1 2025.

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First Majestic Completes Acquisition of Gatos Silver

First Majestic Silver Corp. (NYSE: AG) (TSX: AG) (FSE: FMV) (the "Company" or "First Majestic") and Gatos Silver, Inc. (NYSE: GATO) (TSX: GATO) ("Gatos Silver") are pleased to announce the completion of the acquisition of Gatos Silver by First Majestic (the "Transaction") pursuant to the agreement and plan of merger (the "Merger Agreement") previously announced in the joint news release of First Majestic and Gatos Silver dated September 5, 2024.

On Tuesday, January 14, 2025, both First Majestic and Gatos Silver announced that they received all necessary shareholder approvals at the respective special meetings of each company's shareholders. Approximately 98.44% of the votes cast at the special meeting of First Majestic's shareholders were voted in favour and approximately 99.23% of the votes cast at the special meeting of Gatos Silver's stockholders were voted in favour.

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September 2024 Quarterly Activities Report

New targets identified at Browns Reef, the commencement of drilling, and co-funding grant awarded for IP survey at Arunta

Eastern Metals Investor Kit

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Investor Insight

Overview

Company Highlights

Key Projects

Arunta Project

Cobar Project

Management Team

Bob Duffin - Non-executive Chairman

Ley Kingdom - Chief Executive Officer

Jason Berton - Non-executive Director

Mark Dugmore - Non-executive Director

Ian White - Non-executive Director

Ian Morgan - Chief Financial Officer and Company Secretary

Description:

Key Insights:

Up to 3134gpt Silver at Chala, and new discoveries building at the Archen and CSS prospects.

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