Company: ALM
Filing Date: 2025-07-11
Form Type: F-10/A
Source: 0001641172-25-018741
Chunk: 124

Company: Almonty Industries Inc.
Filing Date: 2025-07-11
Form: F-10/A
Chunk 124
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 protocol
included the insertion of the following control samples in the assay batches:

| ● | Pulp duplicates (one in 50, or 2%),                                                                
 consisting of second splits of the pulverized samples that are submitted to the primary laboratory 
 for analysis in the same batches as the original samples, but with different numbers.              |
| ● | CRMs (three in 50, or 6%).                                                                         |
| ● | Coarse blanks (one in 50, or 2%)                                                                   
 and fine blanks (one in 50, or 2%), consisting of coarse (approximately 1” diameter)               
 and pulverized material, respectively, whose blank character was demonstrated by analysis          
 conducted at SGS Australia laboratories in Australia. Initially ground glass was used as           
 blank for Phases #1 to #4 drilling, but was subsequently changed to coarse crystalline feldspar    
 for Phase #5 drilling.                                                                             |

| 77 |

| ● | Check samples (two in 50, or 4%),                                                              
 collected from pulps that were previously assayed at the primary laboratory, are resubmitted   
 to BV in Perth, Australia for external control. The check sample batch includes an appropriate 
 proportion of control samples (pulp duplicates, CRMs and fine blanks).                         |
| ● | In addition, the QA/QC protocol                                                                
 includes independent granulometric checks on crushed and pulverized samples (one in 20 for     
 each type, or 5% each) that are conducted by geological personnel.                             |

| VI) | Data Verification |

The data verification
procedures applied by various qualified persons at the Sangdong Mine since 2006 are summarized below.

| 1. | Watts, Griffis and 
 McQuat (2006)      |

The Sangdong Mine
underground workings were either inaccessible or, if open, of unknown condition. This restricted Watts, Griffis and McQuat’s (“WGM’s”)
independent sampling to low-grade outcrops and waste dump material. Given the long-documented record of tungsten production at the mine,
the sampling done during WGM’s site visit on November 20, 2006 was clearly not intended to be definitive, rather simply to independently
confirm that economically significant grades of tungsten, in particular, were present.

All samples were
put into bags and closed with uniquely numbered, locking plastic ties; they remained under lock and key or in WGM’s possession
during their representative’s time in South