Jaguar Uranium Corp.

Resource Estimation Methodology

The resource estimation workflow (see Figure 5) was executed using an integrated software suite (Geobank™, Leapfrog Geo™, Micromine™, Leapfrog Edge™, and Datamine NPV Scheduler) across three flat-lying hard-bounded domains: Pampa de Arroqui, Laguna Salada, and Buried Lake. Defined at a 25 ppm uranium threshold, the 3D domain wireframes were modeled using an unrotated block model (100 m x 100 m x 1 m) with sub-blocking down to 25 m x 25 m x 0.25 m to accurately resolve thin 1-4 m mineralized horizons. After compositing on a per-sample-location basis, domain-specific high-grade top-cuts were applied to U 3 O 8 (ranging from 290 ppm at Laguna Salada to 1,110 ppm at Buried Lake, affecting <1.5% of data), while V 2 O 5 required no capping due to low variability. Grade estimation was carried out using Ordinary Kriging in a strict 2D planar framework (dip 0°, azimuth 0°) validated against Nearest Neighbor models, utilizing Quantitative Kriging Neighborhood Analysis (QKNA) to define multi-pass search radii for classifying Indicated resources (Pass 2) and Inferred resources (Pass 3), followed by a 5,000 m global fill pass for unclassified volume (Figure 6).

Figure 5. Overview of Laguna Salada Modelling - Distribution of U₃O₈ (25 ppm U threshold).

Figure 6. Plan View – Laguna Salada Mineral Resource Model (Indicated & Inferred).