Sun Silver Announces Maverick Springs Mineral Resource Increase of 59Moz to 539Moz AgEq at 71g/t AgEq

Rhea-AI Summary

Sun Silver (OTCQX: SSLVF) reported a material update to its Maverick Springs project on Dec 9, 2025: the inferred Mineral Resource Estimate rose by 59 Moz AgEq to a total of 539 Moz AgEq at an average grade of 71 g/t AgEq.

The increase follows re-assays and extensional drilling during the 2025 program, marking the company's third resource upgrade in under two years and leaving the deposit open along strike and at depth.

Positive

• Resource increase of 59 Moz AgEq to 539 Moz AgEq
• Average grade raised to 71 g/t AgEq
• Third resource upgrade in less than two years

Negative

• Resource is reported in the inferred category, which carries higher uncertainty

Key Figures

Resource increase 59 Moz AgEq Increase in inferred Mineral Resource Estimate at Maverick Springs

Total resource 539 Moz AgEq Updated inferred Mineral Resource Estimate at Maverick Springs

Previous resource 479.8 Moz AgEq Prior inferred Mineral Resource Estimate before update

Average grade 71 g/t AgEq Average grade of updated Maverick Springs resource

Two-year increase 85% Increase in Maverick Springs resource over past two years

Distance to Elko 85 km Distance from Maverick Springs to Elko, Nevada

Market Reality Check

$0.9900 Last Close

Volume Volume 39,608 is roughly in line with the 20-day average of 39,729. normal

Technical Trading above the 200-day MA, at $0.99 versus MA(200) of $0.80.

Historical Context

Date	Event	Sentiment	Move	Catalyst
Dec 09	Resource upgrade	Positive	+3.4%	Inferred resource increased to 539 Moz AgEq at higher 71 g/t grade.
Nov 11	Exploration update	Positive	+9.9%	Near-surface antimony mineralization confirmed within existing silver-gold footprint.

Pattern Detected

Recent project-focused news, including resource growth and new mineralization, has coincided with positive one-day price reactions.

Recent Company History

Over recent months, Sun Silver has focused news flow on expanding and upgrading the Maverick Springs project. On Nov 11, 2025, the company highlighted near-surface antimony mineralization within the existing silver-gold footprint and noted a JORC Inferred MRE of 480 Moz AgEq, with the stock rising 9.89%. On Dec 9, 2025, it reported a further increase to 539 Moz AgEq at 71 g/t AgEq, with a 3.39% one-day gain.

Market Pulse Summary

This announcement highlights a material expansion of the Maverick Springs inferred resource to 539 Moz AgEq at a higher grade of 71 g/t AgEq, marking the third upgrade in under two years. Recent history shows the company steadily adding metal and improving understanding of the system. Investors may focus on how quickly resources are converted to higher-confidence categories, future drilling plans, and any updates on project studies or development strategies.

Key Terms

mineral resource estimate technical

"reported an updated Mineral Resource Estimates for the project"

A mineral resource estimate is a calculated approximation of how much metal or mineral material likely exists in a particular deposit and where it sits underground, similar to estimating how many cookies are in a jar by peeking at the layers. It matters to investors because it provides a data-based starting point for judging a project's potential value, future production and risks, while not guaranteeing recoverable or profitable amounts.

inferred technical

"the total inferred MRE increasing by 59Moz"

Inferred means a conclusion or piece of information drawn from available clues rather than directly observed or confirmed. For investors, an inference is like reading a weather forecast from cloud patterns: it helps form expectations about a company’s performance or risks when hard data is missing, but it carries uncertainty and should be weighed alongside verified facts.

jorc technical

"Here is a link to the full details on the upgraded JORC resource"

An internationally recognized reporting standard for mining that sets rules on how companies must estimate and disclose the amount and quality of mineral resources and ore reserves. Think of it as a recipe and safety checklist that forces consistent, independently verifiable estimates about what is in the ground; investors use JORC-compliant reports to compare projects, judge how reliable the numbers are, and assess the financial and operational risk of a mining investment.

g/t technical

"Resource to 539Moz AgEq at a higher grade of 71g/t AgEq"

g/t stands for grams per tonne, a measure of how many grams of a metal—most often gold or other precious metals—are contained in one metric tonne of rock or ore. Investors use it to judge how “rich” a mineral deposit is: higher g/t means more metal per amount of material to process, which can make mining cheaper and projects more likely to be profitable—like measuring teaspoons of sugar per cake to gauge sweetness value.

AI-generated analysis. Not financial advice.

ELKO, Nev., Dec. 9, 2025 /PRNewswire/ -- Sun Silver Ltd. (ASX: SS1; OTCQX: SSLVF) announced that the company's strategic exploration that included re-assays and extensional drilling, has expanded the company's Maverick Springs Silver and Gold Project in Nevada. The company has reported an updated Mineral Resource Estimates for the project with the total inferred MRE increasing by 59Moz from 479.8Moz to 539Moz silver equivalent.

Here is a link to the full details on the upgraded JORC resource: 2924-03035083-6A1302317&v=undefined

"Delivering our third resource upgrade in less than two years and highlights Maverick Springs' emergence as one of the most strategically important undeveloped silver assets in the United States," said Andrew Dornan, Managing Director of Sun Silver. "This 2025 drill program and extensive re-assay work have added a further 59Moz AgEq, increasing the Resource to 539Moz AgEq at a higher grade of 71g/t AgEq, an 85% increase in the past two years."

Dornan added that with silver now on the U.S. Critical Minerals list and China moving to restrict exports, the need for secure Western supply has never been clearer. "Maverick Springs is exceptionally positioned to support domestic U.S. supply as we continue to expand and increase confidence in a system that remains open to the north and south," he affirmed.

Sun Silver (https://www.sunsilver.com.au) is developing the Maverick Springs Project, which is located 85km from the fully serviced mining town of Elko in Nevada and is surrounded by several world-class gold and silver mining operations, including Barrick's Carline Mine. Nevada is a globally recognized mining jurisdiction that was rated as the Number 1 mining jurisdiction in the world by the Fraser Institute in 2022. The deposit itself remains open along strike and at depth, with multiple mineralized intercepts located outside of the current Resource constrained model.

View original content:https://www.prnewswire.com/news-releases/sun-silver-announces-maverick-springs-mineral-resource-increase-of-59moz-to-539moz-ageq-at-71gt-ageq-302636062.html

SOURCE Sun Silver Ltd.

FAQ

What change did Sun Silver (SSLVF) announce for Maverick Springs on Dec 9, 2025?

Sun Silver announced the inferred MRE increased by 59 Moz AgEq, to 539 Moz AgEq at 71 g/t AgEq.

How much did Maverick Springs' grade change in the 2025 update for SSLVF?

The updated resource reports an average grade of 71 g/t AgEq following the 2025 program.

Does the Dec 2025 Maverick Springs update for SSLVF change the resource classification?

The announcement describes the total as an inferred Mineral Resource Estimate; no reclassification to higher categories was reported.

What exploration work added the 59 Moz AgEq to SSLVF's Maverick Springs resource?

The company cited re-assays and extensional drilling during the 2025 program as the drivers of the increase.

Is Maverick Springs still open for expansion after the SSLVF Dec 2025 update?

Yes; the deposit is reported as open along strike and at depth with multiple mineralized intercepts outside the current model.

Where is Sun Silver's Maverick Springs project located and why is location relevant to SSLVF investors?

Maverick Springs is 85 km from Elko, Nevada, near world-class operations, supporting regional infrastructure and jurisdictional strength.