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Apollo Silver Corp. (“Apollo” or the “Firm”) (TSX.V:APGO, OTCQB:APGOF, Frankfurt:6ZF) is happy to announce that it has filed the unbiased technical report for the up to date Mineral Useful resource Estimate (“MRE”) for the Calico Silver Mission (“Calico” or the “Calico Mission”).
The report titled ” NI 43-101 Technical Report and Mineral Useful resource Estimate for the Calico Silver Mission, San Bernardino County, California, USA “, is dated October 16, 2025 (with an efficient date of June 30, 2025) (the “Technical Report”). The Technical Report is on the market beneath the Firm’s issuer profile on SEDAR+ (www.sedarplus.ca) and on the Firm’s web site (www.apollosilver.com).
The Technical Report was ready in accordance with Nationwide Instrument 43-101 (“NI 43-101”) Requirements of Disclosure for Mineral Tasks by Stantec Consulting Ltd. (“Stantec”) of Denver, Colorado. There are not any materials variations within the Technical Report from these outcomes disclosed within the Firm’s press launch dated September 4, 2025.
Highlights of the MRE introduced on September 4, 2025, embody:
- New mixed Measured and Indicated whole of 55 million tonnes (“Mt”) at a grade of 71 grams per tonne (“g/t”) silver (“Ag”) for a complete of 125 million ounces (“Moz”) Ag (1) (2)
- 61% enhance in tonnage and a 14% enhance in Ag ounces representing a rise of 15 Moz contained Ag
- Inferred whole of 0.6 Mt at a grade of 26 g/t Ag for a complete of 0.51 Moz contained Ag (1) (2)
- Inaugural barite (“BaSO 4 “) and zinc (“Zn”) assets are estimated as:
- Indicated: 36 Mt @ 7.4% BaSO 4 and 0.45% Zn for a complete content material of two.7 Mt BaSO 4 and 354 million kilos (“Mlbs”) Zn (1) ( 2 )
- Inferred: 17 Mt @ 3.9% BaSO 4 and 0.71% Zn for a complete content material of 0.65 Mt BaSO 4 and 258 Mlbs Zn (1) ( 2 )
- Gold (“Au”) ounces have elevated by 86% within the Inferred class for a brand new whole of 17 Mt at a grade of 0.25 g/t Au and whole Au content material of 0.13 Moz (1) ( 2 )
- One single pit for all metals on the Waterloo deposit with a low strip ratio of 0.8:1
- Up to date Langtry MRE now consists of 24 million tonnes at a grade of 73 g/t Ag for a complete Ag content material of 57 million ounces ( 1 ) (3)
- The elevated portions of Ag and Au, the addition of two new important minerals, and the bigger single pit with low strip ratio have derisked the Calico Mission
- Sensitivity analyses present resiliency of the Ag useful resource to adjustments in metallic worth
- Important development alternatives stay
(1) The 2025 MRE has been ready by Derek Loveday, P. Geo., of Stantec Consulting Providers Ltd., an unbiased Certified Particular person, in co-operation with Mariea Kartick, P.Geo. (unbiased Certified Particular person for drilling knowledge QA/QC) and Johnny Marke P.G. (unbiased Certified Particular person for useful resource estimation). CIM definitions are adopted for classification of the mineral useful resource. The 2025 MRE was produced in conformance with NI 43-101. The 2025 mineral useful resource estimate has an efficient date of June 30, 2025. Ounces are reported as troy ounces. No drilling was accomplished on the Waterloo Property and Langtry Property because the declaration of the 2023 MRE for Waterloo and 2022 MRE for Langtry. The 2025 MRE replace accounts for adjustments in commodity costs, mining prices since 2022/2023, and barite testing of current drill samples from the Waterloo Property. Mineral assets usually are not mineral reserves and should not have demonstrated financial viability . There isn’t any certainty that any mineral useful resource might be transformed right into a mineral reserve.
(2) For the Waterloo Property, a silver equal cut-off grade was calculated utilizing the next variables: floor mining working prices (US$2.8/st), processing prices plus common and administrative price (US$26.5/st), Ag worth (US$28/oz), BaSO4 worth (US$120/t), Zn worth (US$1.22/lb), Au worth (US$2,451/oz), and metallic recoveries (Ag 65%, Au 80%, BaSO4 85%, Zn 80%). For the Waterloo Property gold-only assets the Au cut-off grade was calculated utilizing the above Au worth, Au restoration and gold-only processing prices plus common and administrative price (US$8.2/st).
(3) For the Langtry Property, a silver-only equal cut-off grade was calculated utilizing the aforementioned Ag worth, Ag restoration and silver-only processing prices plus common and administrative price (US$24/st).
The 2025 MRE for the Waterloo Property contains 125 Moz Ag in 55 Mt at a mean grade of 71 g/t Ag (M&I classes), 0.51 Moz Ag in 0.60 Mt at a mean grade of 26 g/t Ag (Inferred class), 130,000 oz gold in 17 Mt at a mean grade of 0.25 g/t gold (Inferred class), 2.7 Mt BaSO4 and 354 Mlbs Zn in 36 Mt at a mean grade of seven.4 % BaSO4 and 0.45 % Zn (Indicated class), and 0.65 Mt BaSO4 and 258 Mlbs Zn in 17 Mt at a mean grade of three.9 % BaSO4 and 0.71 % Zn (Inferred class). The 2025 MRE for the Langtry Property contains 57 Moz Ag in 24 Mt at a mean grade of 73 g/t Ag (Inferred class).
ABOUT THE CALICO PROJECT
Location
The Calico Mission is situated in San Bernardino County, California, and contains the adjoining Waterloo, Langtry and Mule properties, which whole 8,283 acres. The Calico Mission is 15 km (9 miles) east from town of Barstow, 5 km (3 miles) from industrial electrical energy and has an in depth non-public gravel highway community spanning the property.
Geology and Mineralization
The Calico Mission is located within the southern Calico Mountains of the Mojave Desert, within the south-western area of the Basin and Vary tectonic province. This 15 km (9 mile) lengthy northwest-southeast trending mountain vary is dominantly composed of Tertiary (Miocene) volcanics, volcaniclastics, sedimentary rocks and dacitic intrusions. Mineralization at Calico contains high-level low-sulfidation silver-dominant epithermal vein-type, stockwork-type and disseminated-style related to northwest-trending faults and fracture zones and mid-Tertiary (~19-17 Ma) volcanic exercise. Calico represents a district-scale mineral system endowment with roughly 6,000 m (19,685 ft) in mineralized strike size managed by the Firm. Silver and gold mineralization are oxidized and hosted throughout the sedimentary Barstow Formation and the higher volcaniclastic models of the Pickhandle formation alongside the contact between these models.
Certified Particular person
The scientific and technical knowledge contained on this information launch was reviewed, and accepted by Derek Loveday, P.Geo., Johnny Marke P.G. and Mariea Kartick, P.Geo., from Stantec and are Certified Individuals unbiased of the Firm. Mr. Loveday is a registered Skilled Geoscientist in Alberta, Canada, and Mr. Marke is a registered Skilled Geologist in Oregon, USA and each are liable for the mineral useful resource estimation. Ms. Kartick is a registered Skilled Geoscientist in Ontario, Canada, and is liable for knowledge QA/QC.
This information launch has additionally been reviewed and accepted by Isabelle Lépine, M.Sc., P.Geo., Apollo’s Director of Mineral Assets. Ms. Lépine is a registered Skilled Geoscientist in British Columbia, Canada, and isn’t unbiased of the Firm.
About Apollo Silver Corp.
Apollo Silver is advancing one of many largest undeveloped main silver initiatives within the US. The Calico Mission hosts a big, bulk minable silver deposit with vital barite and zinc credit – acknowledged as important minerals important to the US power and medical sectors. The Firm additionally holds an possibility on the Cinco de Mayo Mission in Chihuahua, Mexico, which is host to a serious carbonate substitute (CRD) deposit that’s each high-grade and huge tonnage. Led by an skilled and award-winning administration staff, Apollo is properly positioned to advance the belongings and ship worth via exploration and growth.
Please go to www.apollosilver.com for additional info.
ON BEHALF OF THE BOARD OF DIRECTORS
Ross McElroy
President and CEO
For additional info, please contact:
E-mail: data@apollosilver.com
Phone: +1 (604) 428-6128
Neither TSX Enterprise Change nor its Regulation Providers Supplier (as that time period is outlined in insurance policies of the TSX Enterprise Change) accepts duty for the adequacy or accuracy of this launch.
This information launch consists of “forward-looking statements” and “forward-looking info” throughout the which means of Canadian securities laws. All statements included on this information launch, aside from statements of historic reality, are forward-looking statements together with, with out limitation, statements with respect to the potential of the Calico Mission and its general funding attractiveness; the expectation that the Calico Mission will proceed to extend in worth, scale and optionality; the potential financial significance of the up to date mineral useful resource estimate, together with the newly outlined barite and zinc assets along with silver and gold; the potential restoration charges; the potential to additional broaden the useful resource estimate and improve its confidence degree, together with potential silver, gold, barite and zinc mineralization on strike and at depth; the potential affect of barite and zinc being designated as important minerals in the USA; assumptions concerning mineralization at shallow depths and strip ratios; timing and execution of future deliberate drilling, exploration, preliminary engineering and extra metallurgical actions; timing of graduation and completion of a preliminary financial evaluation or different technical research; the potential for added discoveries, general challenge growth and different development alternatives; and the Firm’s means to advance, develop, and allow the Calico Mission. Ahead-looking statements embody predictions, projections and forecasts and are sometimes, however not all the time, recognized by means of phrases resembling “anticipate”, “consider”, “plan”, “estimate”, “count on”, “potential”, “goal”, “finances” and “intend” and statements that an occasion or end result “could”, “will”, “ought to”, “may” or “would possibly” happen or be achieved and different related expressions and consists of the negatives thereof.
Ahead-looking statements are primarily based on the affordable assumptions, estimates, evaluation, and opinions of the administration of the Firm made in mild of its expertise and its notion of developments, present situations and anticipated developments, in addition to different elements that administration of the Firm believes to be related and affordable within the circumstances on the date that such statements are made. Ahead-looking info relies on affordable assumptions which have been made by the Firm as on the date of such info and is topic to recognized and unknown dangers, uncertainties and different elements that will have prompted precise outcomes, degree of exercise, efficiency or achievements of the Firm to be materially completely different from these expressed or implied by such forward-looking info, together with however not restricted to: dangers related to mineral exploration and growth; metallic and mineral costs; availability of capital; accuracy of the Firm’s projections and estimates; realization of mineral useful resource estimates, curiosity and alternate charges; competitors; inventory worth fluctuations; availability of drilling tools and entry; precise outcomes of present exploration actions; authorities regulation; political or financial developments; environmental dangers; insurance coverage dangers; capital expenditures; working or technical difficulties in reference to growth actions; personnel relations; and adjustments in Calico Mission parameters as plans proceed to be refined. Ahead-looking statements are primarily based on assumptions administration believes to be affordable, together with however not restricted to the value of silver, gold zinc and barite; the demand for silver, gold, zinc and barite; the power to hold on exploration and growth actions; the well timed receipt of any required approvals; the power to acquire certified personnel, tools and companies in a well timed and cost-efficient method; the power to function in a secure, environment friendly and efficient matter; and the regulatory framework concerning environmental issues, and such different assumptions and elements as set out herein. Though the Firm has tried to establish essential elements that might trigger precise outcomes to vary materially from these contained in forward-looking info, there could also be different elements that trigger outcomes to not be as anticipated, estimated or meant. There could be no assurance that forward-looking statements will show to be correct and precise outcomes, and future occasions may differ materially from these anticipated in such statements. Accordingly, readers mustn’t place undue reliance on ahead trying info contained herein, besides in accordance with relevant securities legal guidelines. The forward-looking info contained herein is offered for the aim of aiding buyers in understanding the Firm’s anticipated monetary and operational efficiency and the Firm’s plans and targets and might not be acceptable for different functions. The Firm doesn’t undertake to replace any forward-looking info, besides in accordance with relevant securities legal guidelines .
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