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Discovery Mining Ltd. (DSV:CA) Q2 2026 Earnings Call Transcript

COMPLETED ACQUISITION OF KIDD OPERATIONS Creates opportunity to significantly increase processing capacity, adds valuable land and infrastructure, provides exposure to critical minerals and adds exploration upside

Dome 1 Drilling continues to intersect excellent grades and widths within and outside Resource pit shell 2 ; Resource update on track for late 2026  9.09 gpt3 over 17.3m3 including 14.76 gpt over 7.8m, 3.86 gpt over 18.0m including 15.39 gpt over 2.6m, 13.49 gpt over 3.5m, 1.03 gpt over 17.8m, 4.89 gpt over 2.8m, 2.26 gpt over 4.2m; 5.04 gpt over 8.4m, 11.20 gpt over 3.0m; 0.79 gpt over 11.9m; 1.72 gpt over 7.0m, 0.76 gpt over 10.8m; 0.79 gpt over 6.0m, 3.26 gpt over 4.1m; 1.89 gpt over 12.1m; 1.48 gpt over 12.0m; 1.38 gpt over 17.0m; 1.61 gpt over 16.0m; 22.0 gpt over 1.0m; and 278.48 gpt over 1.1m TVZ New intersections indicate strong correlation of mineralized zones and grades with previously drilled holes as well as potential grade upside 2 : Samples shipped for Metallurgical testing; Initial National Instrument 43-101 (“NI 43-101”) Resource estimate expected before year end 2 1210 Level: 5.13 gpt gpt over 18.2m; 7.04 gpt over 16.9m; 5.17 gpt over 21.0m; 5.73 gpt over 23.2m; 6.93gpt over 11.7m; 5.65 gpt over 30.5m; 9.05 gpt over 13.2m and; 4.40 gpt over 14.0m, including 7.03 gpt over 6.8m; 5.24 gpt over 12.9m; and 5.46 gpt over 12.5m; 4.59 gpt over 25.0m; 4.54 gpt over 18.4m 1680 Level: 4.51 gpt over 9.0 m; 4.30 gpt over 24.4m, including 5.73 gpt over 12.4m      Owl Creek C ontinuation of positive drill results; Exploration ramp development underway to accelerate drilling along 1.5 km Hoyle Pond – Owl Creek Trend 7.09 gpt over 17.0m, including 23.12 gpt over 2.0; 6.35gpt over 9.4m, 2.69 gpt over 30.9m, including 9.31 gpt over 2.0m, 2.86 gpt over 17.4m and; 3.41 gpt over 17.0m, including 7.45 gpt over 3.1m; 5.73 gpt over 4.2m and 2.74 gpt over 30.4m; 4.72 gpt over 24.0m including 12.26 gpt over 6.8m; 4.86 gpt over 8.4m; and 19.35 gpt over 5.4m, including 270.0 gpt over 0.3m. 1. All assays are reported uncut.