• Drilling underway at Maverick Silver Project for resource upgrade and growth
• Ausenco engaged for concept and scoping studies
• Acquisition of Bayan Springs North Project and additional land claims
• Cash reserves of approximately $23.134 million at 30 June 2026
• Exploration expenditure significantly exceeded prospectus estimate

Sun Silver Ltd's Quarterly Activities Report for the period ending 30 June 2026 highlights ongoing drilling activities at the Maverick Silver Project aimed at resource upgrades and growth. The company is targeting infill drilling to improve geological confidence and convert existing resources to JORC Indicated classification. Additionally, step-out drilling is being conducted to explore high-grade mineralisation extensions. Metallurgical advancements are being pursued through additional diamond core collection for test work. Ausenco has been appointed for concept-level engineering studies and internal scoping work, with a maiden Scoping Study planned for release by early 2027. Sun Silver Ltd has also executed a binding agreement to acquire the Bayan Springs North Project and staked additional claims, securing continuous ownership over the northwest structural corridor. Cash reserves stood at approximately $23.134 million at the end of the quarter.

Actual exploration and development expenditure of approximately $19.8 million to 30 June 2026

Targeting release of a Scoping Study by end of 2026 / early 2027 and a Pre-Feasibility Study in 2027.