Company: ALM
Filing Date: 2025-07-11
Form Type: F-10/A
Source: 0001641172-25-018741
Chunk: 126

Company: Almonty Industries Inc.
Filing Date: 2025-07-11
Form: F-10/A
Chunk 126
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ization are documented in the Sangdong
Mine, but apparently at not such a steep inclination. Other similar structural (fault or shear) zones were observed by WGM on the forestry
road south of the set-up for drill hole SD-1.

| 2. | Sennitt (2007) |

The Sangdong Project
database, residing in MS ACCESS database files, includes all drill collar location, assay, quality assurance and geological data, as
well as core recovery, visual estimates of key minerals and bulk density data.

The collar, assay,
geological (rock type codes only) and core recovery data were extracted and input into the GEMCOM® modelling software system.

As a test of data
integrity, checking of 10% of the data was made against original assay certificates. Collar coordinates were checked against the original
survey forms. Results from the data checks showed zero error rate. It was concluded that the assay and survey database used for the mineral
resource update was sufficiently free of error to be adequate for resource estimation.

| 3. | Tetra Tech/Wardrop 
 (2012)             |

Verification activities
conducted during the site visit included:

| ● | Multiple site visits to the Sangdong                                                            
 Mine, the last in October 2011, inspection of the exposed host skarn, veining and associated    
 lithologies.                                                                                    |
| ● | Core logging (lithology, mineralization)                                                        
 of selected Sangdong diamond drill holes from the latest drilling programme, at the Sangdong    
 facilities.                                                                                     |
| ● | Observation and review of core storage,                                                         
 core logging, core sampling, core cutting and sample preparation procedures, standard reference 
 sample and reject sample storage facilities at the Sangdong facilities.                         |
| ● | Detailed discussion with Woulfe                                                                 
 staff was undertaken during the visit to the Sangdong facilities.                               |

Verification activities
subsequent to the site visit included the selection of between 5% and 10% of the Sangdong drill holes for verification of handwritten
geological logs, original field sample sheets and original ALS assay certificates against corresponding records in the Sangdong database
supplied. Copies and scans of original data were supplied by Woulfe in order to carry out the verification exercise off-site.

Very minor discrepancies
and errors were encountered during these processes and referred to Woulfe for clarification or correction.

Overall it was concluded
by TT/Wardrop that appropriate care and attention in data entry, validation and QA/Q