Hacker River Summary in the Dec 2022 MDAMDA published March 31, 2023 - Page 5
Hackett River Silver Royalty, Nunavut The Hackett River project, owned by Glencore plc (“Glencore”), consists of approximately 13,000 hectares and is located approximately 480 km northeast of Yellowknife and approximately 60 km from the Back River Project.
Sabina owns a silver production royalty (the “Hackett Silver Royalty”) equal to 22.5% of the first 190 million ounces of payable silver from the current resource at Hackett River and other properties (the “Properties”) and 12.5% of all payable silver from the Properties thereafter at no future cost to Sabina.
To date, Glencore has not made a production decision. At December 31, 2022, Glencore reported indicated resources of 27 million tonnes (Zn 4.47%, 0.59 Pb%, 0.45 Cu%, Ag 130 g/t, Au 0.31 g/t) and inferred resources of 60 million tonnes (Zn 3.52%, Pb 0.51%, Cu 0.39%, Ag 120 g/t, Au 0.22 g/t) for the Hackett River project. Amanda Landriault of Glencore served as the Competent Person in connection with this mineral resource estimate. Glencore is not an issuer in Canada and therefore is not required to file a 43-101 technical report on the new resource. A Hackett River technical report was announced and filed by Sabina on www.sedar.com on March 12, 2014.
Readers are cautioned that mineral resources, which are not mineral reserves, do not demonstrate economic viability.