GoldMining Inc. reported an updated Mineral Resource Estimate on its 100% owned Crucero Project in Carabaya Province, Peru. The updated MRE has been prepared under National Instrument 43-101 Standards of Disclosure for Mineral Projects ("NI 43-101"). Highlights: Indicated Mineral Resource: 42.7 million tonnes ("Mt") at 1.26 grams per tonne ("g/t") gold equivalent ("AuEq") for 1.74 million ounces ("Moz") AuEq.
Inferred Mineral Resource: 34.9 Mt at 0.93 g/t AuEq for 1.04 Moz AuEq. For the first time, antimony ("Sb") is modeled in the MRE and contributes approximately 25% of the Indicated AuEq oz and 29% of the Inferred AuEq oz. Estimated gold equivalent ounces in the Indicated category have increased by approximately 75% compared to the prior MRE from 2017*.
The MRE is reported within a conceptual pit shell for the Project using long-term average prices of US$3,110/oz for Au and US$28,700/t for Sb. Global Mineral Resource Services (GMRS") was retained by the Company to prepare an updated MRE and an independent technical report on the Crucero Project based on information current as of February 4, 2026. The purpose of the report is to support the disclosure of the updated MRE for the Project.
The Company plans to file the NI 43-101 technical report, which will include further detail on the estimation methods and procedures, within 45 days of the date hereof.
