Aya Gold & Silver Inc 6-K, filed Oct 21, 2026
Aya Gold & Silver Inc. (AYA)
6-K
2026-10-21
For: 2026-10-20
View Original
Added on
October 21, 2026
About this 6-K
Aya Gold & Silver Inc filed this 6-K on October 21, 2026.
Aya Gold & Silver Inc.’s updated Boumadine PEA reports an after-tax NPV doubling to $3.5B with 93% IRR. Qualified persons consented to public filing of the report and use of extracts in the related press release. AI summary
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934
For the month of October, 2026.
Commission File Number: 001-43230
Aya Gold & Silver Inc.
(Translation of registrant’s name into English)
1320 boulevard Graham, suite 132, Mont-Royal, Quebec, Canada, H3P 3C8
(Address of principal executive office)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
☐Form 20-F ☑Form 40-F
EXHIBIT INDEX
The following documents are being furnished to the SEC as exhibits to this Form 6-K:
Exhibit No. | Description | |||||||
99.1* | ||||||||
99.2* | ||||||||
99.3 | ||||||||
99.4* | ||||||||
99.5* | ||||||||
99.6* | ||||||||
99.7* | ||||||||
99.8* | ||||||||
99.9* | ||||||||
99.10* | ||||||||
99.11* | ||||||||
99.12* | ||||||||
99.13* | ||||||||
99.14* | ||||||||
99.15* | ||||||||
99.16* | ||||||||
* Filed herewith
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
Aya Gold & Silver Inc.
| Date Aug 5, 2026 | By | /s/ Elias J. Elias | |||||||||
| Elias J. Elias | |||||||||||
| Chief Legal and Sustainability Officer & Corporate Secretary | |||||||||||
CERTIFICATE OF QUALIFIED PERSON
Paul Gauthier
I, Paul Gauthier, P.Eng., certify that:
1.I am employed as a Senior Mining Engineer with CCE Mining, with an address of 301, 4230 Chambly St., Montreal, QC, H1X 3J7, Canada.
2.This certificate applies to the technical report titled “Technical Report – Updated Preliminary Economic Assessment for the Boumadine Polymetallic Project, Kingdom of Morocco” (the “Technical Report”), prepared for Aya Gold & Silver Inc. (the “Company”), with an effective date of September 9, 2026 (the “Effective Date”).
3.I graduated from Université Laval with a Bachelor of Applied Science in Mining Engineering in 1977. I also hold a Diplôme d’études supérieures spécialisées (DESS) in Mining Engineering from the Université du Québec en Abitibi-Témiscamingue and a DESS in Engineering Management from the Université de Sherbrooke.
4.I am a Professional Engineer registered with the Ordre des ingénieurs du Québec (No. 31178).
5.I have practiced my profession continuously for over 40 years with experience in mine design, mine planning and scheduling, mining method selection, and mineral reserve estimation for underground and open pit operations, both in Canada and internationally. Previous polymetallic and base metal projects that I have worked on that have similar features to the Boumadine Project are: Cerro Los Gatos (silver, zinc and lead, Mexico), Raglan Mine (nickel and copper, Québec), and the Onaping Depth and Fraser Morgan projects (nickel and copper, Sudbury, Ontario).
6.I have read the definition of “Qualified Person” set out in the National Instrument 43-101 Standards of Disclosure for Mineral Projects (“NI 43-101”) and certify that by virtue of my education, affiliation to a professional association and past relevant work experience, I fulfill the requirements to be a “Qualified Person” for those sections of the Technical Report that I am responsible for preparing.
7.I have not visited the Boumadine Project property.
8.I am responsible for Items 16.1, 16.3 to 16.10, 18.4, 21.1.2 and 21.2.1, and portions of Items 1, 25, 26 and 27 of the Technical Report.
9.I am independent of Aya Gold & Silver Inc. as independence is defined in Section 1.5 of NI 43-101.
10.I have had no previous involvement with the Boumadine Project.
11.I have read NI 43-101 and the sections of the Technical Report for which I am responsible have been prepared in compliance with that Instrument. As of the effective date of the Technical Report, to the best of my knowledge, information and belief, the sections of the Technical Report for which I am responsible contain all scientific and technical information that is required to be disclosed to make those sections of the Technical Report not misleading.
Dated: October 20, 2026
“SIGNED AND SEALED”
Paul Gauthier, P.Eng.
SRK Consulting (UK) Limited 5th Floor Churchill House17 Churchill Way Cardiff CF10 2HH Wales, United Kingdom
E-mail: enquiries@srk.co.uk URL: www.srk.com
Tel: + 44 (0) 2920 348 150
CERTIFICATE OF QUALIFIED PERSON
I, Guy Dishaw, P.Geo., as an author of this report entitled “Technical Report – Updated Preliminary Economic Assessment for the Boumadine Polymetallic Project, Kingdom of Morocco” with an effective date of September 9, 2026 prepared for Aya Gold & Silver Inc., do hereby certify that:
1.I am a Principal Consultant (Mining Geology) of SRK Consulting (UK) Limited, 5th Floor, Churchill House, 17 Churchill Way, Cardiff, United Kingdom.
2.This certificate applies to the technical report titled “Technical Report – Updated Preliminary Economic Assessment for the Boumadine Polymetallic Project, Kingdom of Morocco” with an Effective Date of September 9, 2026 (the “Technical Report”).
3.I graduated with a B.Sc. Honours degree in Geology from the University of Manitoba in 1999. I have worked as a geologist for a total of 26 years since my graduation from university. I am a Professional Geoscientist (P.Geo.) registered with the Association of Professional Engineers and Geoscientists of Saskatchewan (Membership Number 12720). My relevant experience includes:
a.Employment at polymetallic and precious metal mining operations in the role of Mine Geologist at Myra Falls from May 1999 to February 2002 and Project Geologist at Olympic Dam from July 2007 to May 2009.
b.Employment as consultant (Mining Geology) with SRK Consulting July 2011 to present including numerous commissions preparing Mineral Resource estimates and technical reports on polymetallic and precious metal projects.
4.I have read the definition of “qualified person” set out in National Instrument 43-101 Standards of Disclosure for Mineral Projects (“NI 43-101”) and certify that by reason of my education, affiliation with a professional association (as defined in NI 43-101) and past relevant work experience, I fulfil the requirements to be a “qualified person” for the purposes of NI 43-101.
5.I made a personal inspection of the Boumadine project between April 23 and 28, 2026.
6.I am responsible for Sections 3.1, 4-12, 14, 23 and am a co-author of Sections 1, 14, 25, 26, 27 of the Technical Report.
7.I am independent of Aya Gold & Silver Inc., as independence described in section 1.5 of NI 43-101.
8.I have not had prior involvement with the property that is the subject of the Technical Report.
9.I have read NI 43-101 and Form 43-101F1 and the sections of the Technical Report I am responsible for have been prepared in compliance with that instrument and form.
10.As of the aforementioned Effective Date, to the best of my knowledge, information and belief, the sections of the Technical Report I am responsible for contain all scientific and technical information that is required to be disclosed to make the Technical Report not misleading.
Dated this 20 Day of October, 2026.
"Signed " | "Sealed" | ||||
Guy Dishaw, P.Geo. Principal Consultant (Mining Geology) | |||||
Registered Address: 21 Gold Tops, City and County of Newport, NP20 4PG, Wales, United Kingdom.
SRK Consulting (UK) Limited Reg No 01575403 (England and Wales)
Group Offices: Africa
Asia Australia EuropeNorth America South America
CERTIFICATE OF QUALIFIED PERSON
To accompany the Report entitled “Technical Report – Updated Preliminary Economic Assessment for the Boumadine Polymetallic Project, Kingdom of Morocco” which is effective as of September 9, 2026 and issued on October 20th, 2026 (the “Technical Report”) prepared for AYA Gold and Silver (the “Company”).
I, Cortney Palleske, P. Eng., do hereby certify:
1.I am currently employed as a Principal Geomechanics Consultant by RockEng Inc. (RockEng), located at 920 Princess Street, Suite 310, Kingston ON, Canada K7L 1H1.
2.I graduated from Queen’s University with a Bachelor of Applied Science in 2005 and a Master of Applied Science in 2014.
3.I am a registered member of EGBC (Engineers and Geoscientists of British Columbia, membership #49303), OIQ (Ordre des Ingénieurs du Québec, membership #6076971), and PEO (Professional Engineers Ontario, membership #100548665).
4.I have worked as an Engineer in Geomechanics since my graduation from university in 2005. I have 20 years of experience in geomechanical engineering consulting and have worked on open pit and underground mining projects at all stages from scoping to operations and closure planning.
5.I have read the definition of “qualified person” set out in the National Instrument 43-101 and certify that by reason of my education, affiliation with a professional association and past relevant work experience, I fulfil the requirements to be an independent qualified person for the purposes of NI 43-101;
6.I am independent of the issuer in accordance with the application of section 1.5 of National Instrument 43-101.
7.I am responsible for Sections 16.2 and parts of Sections 25, 27.
8.I have visited the Boumadine project site from June 5 to 7, 2024 and from July 7 to 16, 2026.
9.I have no personal knowledge as of the date of this certificate of any material fact or change, which is not reflected in this Report.
10.I have read NI 43-101 and Form 43-101F1 and have prepared the Technical Report in compliance with NI 43-101 and Form 43-101F1; and have prepared the report in conformity with generally accepted Canadian mining industry practice, and as of the date of the certificate, to the best of my knowledge, information and belief, the Technical Report contains all scientific and technical information that is required to be disclosed to make the Technical Report not misleading.
Dated this 20th day of October 2026
“Original Signed and Sealed” | ||
Cortney Palleske, P.Eng. RockEng Inc. | ||
CERTIFICATE OF QUALIFIED PERSON
To accompany the Report titled “Technical Report - Preliminary Economic Assessment for the Boumadine Polymetallic Project, Kingdom of Morocco” which is effective as of September 9, 2026 and issue on October 20, 2026 (the “Technical Report”) prepared for AYA Gold & Silver (the “Company”).
I, Dr George Papageorgiou, PrEng, do hereby certify:
1.I am a Tailings Engineer with Epoch Resources (Pty) Ltd, with an office at Building Block B, Viscount Rd Office Park, 8 Viscount Rd, Bedfordview, Johannesburg, South Africa.
2.I graduated with a BSc Eng (Civil) (1991), a MSc Eng (Civil) (1994) and PhD Eng (Civil) (2004) from the University of the Witwatersrand, Johannesburg, South Africa.
3.I am a Registered Professional Engineer (Pr.Eng) with the Engineering Council of South Africa (ECSA), Registration Number 202503451
4.I have worked as an engineer in the fields of mining waste management and mine closure for a total of 35 years since my graduation in 1991. This includes twenty years as a Founding Partner and Director of Epoch Resources (Pty) Ltd.
5.I have read the definition of "qualified person" set out in National Instrument 43-101 (NI 43-101) and certify that by reason of my education, affiliation with a professional association (as defined by NI 43-101) and past relevant work experience, I fulfil the requirements to be a "qualified person" for the purposes of NI 43-101.
6.I have not visited the site of the Project.
7.I have participated in the preparation of this Technical Report and am responsible for Section 18.5, 21.1.4, 21.1.5, 21.2.5, and contributed part of Sections 1, 25, 26 and 27.
8.I am independent of the issuer as described in section 1.5 of NI 43-101.
9.I have had no prior involvement with the Project
10.I have no personal knowledge as of the date of this certificate of any material fact or change, which is not reflected in this Report.
11.Neither I, nor any affiliated entity of mine, have earned the majority of our income during the preceding three (3) years from the Company, or any associated or affiliated companies.
12.I have read NI 43-101 and have prepared the Technical Report in compliance with NI 43-101 and; and have prepared the report in conformity with generally accepted mining industry practice, and as of the date of the certificate, to the best of my knowledge, information and belief, the Technical Report contains all scientific and technical information that is required to be disclosed to make the Technical Report not misleading.
Physical Address
Postal Address Telephone Facsimile Web Address
Company Registration
Directors Associate Consultant
Ground Floor, Block A, Viscount Road Office Park 8 Viscount Road, Bedfordview, 2008
PO Box 751306, Gardenview, 2047
+27 (11) 656 0380/1
+27 (11) 502 3657
www.epochresources.co.a Epoch Resources (Pty) Ltd, No 2005/007908/07 G Papageorgiou, AC Savvas, K Liesker, T Short
Prof G Heymann
epoc h r es our c es ( pt y ) l t d Page 2Dated this 20th day of October 2026
“Original document signed and sealed”
Dr George Papageorgiou, PrEng
CERTIFICATE OF QUALIFIED PERSON
I, Preetham Nayak, P. Eng., as an author of this report entitled “Updated Preliminary Economic Assessment for The Boumadine Polymetallic Project, Kingdom Of Morocco”, prepared for Aya Gold and Silver Inc. and dated 9 September 2026, do hereby certify that:
1)I am a Senior Study Manager with Lycopodium (Americas) Ltd., with a business address at 570-789 West Pender Street, Vancouver, BC V6C 1H2.
2)I am a graduate of the University of British Columbia with a Masters of Applied Science degree, honours Mining Engineering, 2015 and a graduate of the National Institute of Technology Karnataka, India with a Bachelors of Technology degree in Mining Engineering, 2010.
3)I am a Member of Engineers and Geoscientists British Columbia and registered as a Professional Engineer in the province of British Columbia (Licence Number 47553). I have practiced my profession in the mining and metals industry continuously since graduation.
4)My relevant experience for the purpose of the Technical Report includes:
-Over 10 years of experience with design and management of mining projects
-review and report as a consultant on numerous process facilities and mining projects around the world for due diligence and regulatory requirements
-Study manager for several preliminary economic assessment studies in Africa, Australia and Asia.
-Development, execution and interpretation of capital cost estimate and cashflow modelling in precious metals and base metals projects
5)I have read the definition of 'qualified person' set out in National Instrument 43-101 ('NI 43-101') and certify that by virtue of my education, affiliation with a professional association (as defined in NI 43-101) and past relevant work experience, I fulfill the requirements to be a 'qualified person' for the purposes of NI 43-101.
6)I have not visited the Boumadine Project site.
7)I am responsible for Sections 1.1, 1.10.1, 1.11, 1.13, 2, 3.2, 19, 21.1.1, 21.1.3, 21.1.6-21.1.10, 21.2.4,
22, 24.1, 25.6, 25.8, 25.9, 26.1, 26.7 and 27 of the Technical Report.
8)I was involved in the previous Technical Report on the Boumadine Project’s preliminary economic
assessment.
9)I have read NI 43-101, and the Technical Report has been prepared in compliance with NI 43-101 and Form 43-101F1.
Lycopodium | ||
ADM-FRM-037_0 | ||
10)To the best of my knowledge, information, and belief, the Technical Report contains all scientific and technical information that is required to be disclosed to make the technical report not misleading.
Dated this 20th day of October 2026
[Signed and Sealed] Preetham Nayak, P. Eng.
Lycopodium | ||
ADM-FRM-037_0 | ||
CERTIFICATE OF AUTHOR
To accompany the Report entitled “Technical Report – Updated Preliminary Economic Assessment for the Boumadine Polymetallic Project, Kingdom of Morocco” which is effective as of September 9, 2026, and issued on October 20, 2026 (the “Technical Report”) prepared for AYA Gold and Silver (the “Company”).
I, Alessandra (Alex) Pheiffer, PrSciNat, do hereby certify that:
1I am Technical Director: ESIA with SLR Consulting France SAS, of 2 Square Roger Genin, 38000, Grenoble.
2I am a graduate from Rand Afrikaans University, in South Africa, in 2004 with a M,Sc Environmental Management.
3I am registered as a Professional Natural Scientist (PrSciNat) in Environmental Science (Reg. No. 400183/05) with the South African Council for Natural Scientific Professions.
4I have worked as an environmental scientist for a total of 24 years. My relevant experience for the purpose of the Technical Report is:
a)Review and reporting as a consultant on many mining operations and projects for feasibility, due diligence and regulatory requirements.
b)Operational experience for a period of one year as an Assistant to the Chief Environmental Officer within Anglo Platinum’s Waterval Smelter in South Africa.
c)Experience as an Environmental Scientist in coal, gold, silver, lead, zinc, copper, nickel, PGMs, iron, manganese, uranium, chrome, ferrochrome, bauxite.
5I have read the definition of "qualified person" set out in National Instrument 43-101 and certify that by reason of my education, affiliation with a professional association and past relevant work experience, I fulfil the requirements to be an independent qualified person for the purposes of NI 43-101.
6I am independent of the Issuer applying the test set out in Section 1.5 of National Instrument 43-101.
7I am responsible for Section 20 and co-authored Sections 1, 25, 26, and 28 of the Technical Report.
8I visited the Boumadine project site between September 1-3, 2024 and January 19-20, 2026.
9I have had no prior involvement with the property that is the subject of the Technical Report.
I have read NI 43-101, and have prepared the Technical Report in compliance with NI 43-101 and Form 43-101F1. At the effective date of the Technical Report, to the
1 | ||
best of my knowledge, information, and belief, Section 20 and parts of Sections 1, 25, 26, and 28 contain all scientific and technical information that is required to be disclosed to make the Technical Report not misleading.
Dated the 20th day of October, 2026
“Signed & Sealed”
Alex Pheiffer, PrSciNat ESIA Consultant
2 | ||
CERTIFICATE OF QUALIFIED PERSON
I, Ruan Pierre Venter, P.Eng., as an author of this report entitled “Technical Report – Updated Preliminary Economic Assessment for the Boumadine Polymetallic Project, Kingdom of Morocco“, prepared for Aya Gold & Silver inc., with an effective date of September 9, 2026 (“Technical Report“), do hereby certify that:
1)I am a General Manager of Process with Lycopodium (Americas) Ltd. My office address is 5090 Explorer Dr, Suite 700, Mississauga, ON, L4W 4T9.
2)I am a graduate of the North-West University, South Africa in 2011 with a Bachelor of Engineering degree in Chemical Engineering with Specialization in Mineral Processing.
3)I am a member of Professional Engineers Ontario and registered as a Professional Engineer with membership #100592368. I have worked as a metallurgical and process engineer for a total of 15 years since my graduation. My relevant experience for the purpose of the Technical Report is:
-Metallurgical and operational experience in platinum flotation, chromite foundry sands, and gold operations within South Africa and East Africa; and
-Lead process engineer on gold and sulphide flotation projects ranging from testwork management, all phases of studies and detail design up to commissioning of numerous projects as well as commissioning manager on three in Africa and Canada.
4)I have read the definition of 'qualified person' set out in National Instrument 43-101 ('NI 43-101') and certify that by reason of my education, affiliation with a professional association (as defined in NI 43-101) and past relevant work experience, I fulfill the requirements to be a 'qualified person' for the purposes of NI 43-101.
5)I have not visited the Boumadine Polymetallic Project.
6)I am responsible for all of preparation of Item Nos. 1.8, 1.11, 1.13.2, 13, 17, 21.2.2, 21.2.3, 24.2,
25.3, 25.7, 26.4 of the Technical Report.
7)I am independent of the Issuer applying the test set out in Section 1.5.(4) of NI 43-101.
8)I have been involved in the previous study phases of the Boumadine Polymetallic Project.
I have read NI 43-101, and the Technical Report has been prepared in compliance with NI 43-101 and Form 43-101F1.
9)At the effective date of the Technical Report, to the best of my knowledge, information, and belief, the Technical Report contains all scientific and technical information that is required to be disclosed to make the Technical Report not misleading.
Lycopodium | ||
ADM-FRM-037_0 | ||
Dated this 20th day of October, 2026
“ Original Signed and Sealed” Ruan Pierre Venter, P.Eng.
Lycopodium | ||
ADM-FRM-037_0 | ||
CERTIFICATE OF QUALIFIED PERSON
I, Zunedbhai Shaikh, P.Eng., as an author of this report entitled "Updated Preliminary Economic Assessment for The Boumadine Polymetallic Project, Kingdom Of Morocco", prepared for Aya Gold and Silver Inc. and dated 20 October 2026, do hereby certify that:
1)I am a Lead Mechanical Engineer with Lycopodium (Americas) Ltd., with a business address at 5090 Explorer Dr, Suite 700, Mississauga, ON, L4W 4T9.
2)I am a graduate of the Toronto Metropolitan University (Formerly Ryerson University) in 2008 with a Bachelor of Engineering degree in Mechanical Engineering.
3)I am a Member of Professional Engineers of Ontario and registered as a Professional Engineer in the Province of Ontario (Registration No. 100137621). I have worked as a Mechanical Engineer for a total of 18 years since my graduation. My relevant experience for the purpose of the Technical Report is:
-review and report as a consultant on numerous process facilities and mining projects around the world for due diligence and regulatory requirements
-Lead Mechanical Engineer on numerous studies and detailed design projects in the mineral processing industry in Africa, Australia and Latin America.
-Commissioning Engineer at numerous mineral processing plants in Africa, Australia and Latin America.
4)I have read the definition of 'qualified person' set out in National Instrument 43-101 ('NI 43-101') and certify that by reason of my education, affiliation with a professional association (as defined in NI 43-101) and past relevant work experience, I fulfill the requirements to be a 'qualified person' for the purposes of NI 43-101.
5)I have not visited the Boumadine Project site.
6)I am responsible for all of preparation of Item Nos. 18.1 to 18.3, 18.6 to 18.13, and Co-Author 1, 25, 27 of the Technical Report.
7)I am independent of the Issuer applying the test set out in Section 1.5.(4) of NI 43-101.
I was involved in the previous Technical Report on the Boumadine Project's preliminary economic assessment.
8)I have read NI 43-101, and the Technical Report has been prepared in compliance with NI 43-101 and Form 43-101F1.
9)To the best of my knowledge, information, and belief, the Technical Report contains all scientific and technical information that is required to be disclosed to make the technical report not misleading.
Lycopodium | ||
ADM-FRM-037_0 | ||
Dated this 20th day of Ocotber, 2026
[Signed and Sealed]
Zunedbhai Shaikh, P.Eng
Lycopodium | ||
ADM-FRM-037_0 | ||
SRK Consulting (UK) Limited 5th Floor Churchill House17 Churchill Way Cardiff CF10 2HH Wales, United Kingdom
E-mail: enquiries@srk.co.uk URL: www.srk.com
Tel: + 44 (0) 2920 348 150
CONSENT OF QUALIFIED PERSON
TO: Aya Gold & Silver Inc. (“Aya” or the “Corporation”)
AND TO: Autorité des marchés financiers (Québec) British Columbia Securities Commission Alberta Securities Commission
Financial and Consumer Affairs Authority of Saskatchewan Manitoba Securities Commission
Ontario Securities Commission
Financial and Consumer Services Commission of New Brunswick Nova Scotia Securities Commission
Financial and Consumer Services Division (Prince Edward Island)
Office of the Superintendent of Securities Service Newfoundland and Labrador Dear Sirs/Mesdames:
RE: Filing of a Technical Report Supporting the Press Release Titled “Aya Gold & Silver Announces Updated PEA for Boumadine: After-Tax NPV Doubles to $3.5B with 93% IRR” Dated September 9, 2026, (the “Press Release”)
I, Guy Dishaw, do hereby consent to:
i)the public filing of the technical report titled “Technical Report – Updated Preliminary Economic Assessment for the Boumadine Polymetallic Project, Kingdom of Morocco” dated on October 20, 2026, with an effective date of September 9, 2026, (the “Technical Report”), filed with all of the Canadian Securities regulatory authorities having jurisdiction and publicly with SEDAR+;
ii)the use of extracts from, or a summary of, the Technical Report in the Press Release and to its filing with the relevant regulatory authorities; and
iii)the written disclosure of the Technical Report and extracts from, or a summary of, the Technical Report in any written disclosure, filed or being filed by Aya;
I, Guy Dishaw, confirm that I have read the written disclosure filed by Corporation in the Press Release and that it fairly and accurately represents the information in the Technical Report or part that I am responsible for.
32988_Boumadine-TR_QP Consent_Guy Dishaw_16102026.docx | ||
DATED on the date first written above
“Signed” “Sealed”
Guy Dishaw, P.Geo., Principal Consultant (Mining Geology)
32988_Boumadine-TR_QP Consent_Guy Dishaw_16102026.docx | ||
CONSENT OF QUALIFIED PERSON
October 20, 2026
To: Aya Gold & Silver Inc. (“Aya” or the “Corporation”)
And to:
Autorité des marchés financiers (Québec) British Columbia Securities Commission Alberta Securities Commission
Financial and Consumer Affairs Authority of Saskatchewan Manitoba Securities Commission
Ontario Securities Commission
Financial and Consumer Services Commission of New Brunswick Nova Scotia Securities Commission
Financial and Consumer Services Division (Prince Edward Island)
Office of the Superintendent of Securities Service Newfoundland and Labrador Dear Sirs / Mesdames:
Re: Filing of a Technical Report Supporting the Press Release Titled “Aya Gold & Silver Announces Updated PEA for Boumadine: After-Tax NPV Doubles to
$3.5B with 93% IRR” Dated September 9, 2026, (the “Press Release”)
I, Alex Pheiffer, do hereby consent to:
(i)the public filing of the technical report titled “Technical Report – Updated Preliminary Economic Assessment for the Boumadine Polymetallic Project, Kingdom of Morocco” dated on October 20, 2026, with an effective date of September 9, 2026, (the “Technical Report”), filed with all of the Canadian Securities regulatory authorities having jurisdiction and publicly with SEDAR+;
(ii)the use of extracts from, or a summary of, the Technical Report in the Press Release and to its filing with the relevant regulatory authorities; and
(iii)the written disclosure of the Technical Report and extracts from, or a summary of, the Technical Report in any written disclosure, filed or being filed by Aya;
I, Alex Pheiffer, confirm that I have read the written disclosure filed by Corporation in the Press Release and that it fairly and accurately represents the information in the Technical Report or part that I am responsible for.
[Signature page follows].
DATED on the date first written above
“Signed and Sealed”
Alex Pheiffer, PrSciNat ESIA Consultant
CONSENT OF QUALIFIED PERSON
October 20, 2026
To: Aya Gold & Silver Inc. (“Aya” or the “Corporation”) And to:
Autorité des marchés financiers (Québec) British Columbia Securities Commission Alberta Securities Commission
Financial and Consumer Affairs Authority of Saskatchewan Manitoba Securities Commission
Ontario Securities Commission
Financial and Consumer Services Commission of New Brunswick Nova Scotia Securities Commission
Financial and Consumer Services Division (Prince Edward Island)
Office of the Superintendent of Securities Service Newfoundland and Labrador Dear Sirs / Mesdames:
Re: Filing of a Technical Report Supporting the Press Release Titled “Aya Gold & Silver Announces Updated PEA for Boumadine: After-Tax NPV Doubles to
$3.5B with 93% IRR” Dated September 9, 2026, (the “Press Release”)
I, George Papageorgiou, do hereby consent to:
(i)the public filing of the technical report titled “Technical Report – Updated Preliminary Economic Assessment for the Boumadine Polymetallic Project, Kingdom of Morocco” dated on October 20, 2026, with an effective date of September 9, 2026, (the “Technical Report”), filed with all of the Canadian Securities regulatory authorities having jurisdiction and publicly with SEDAR+;
(ii)the use of extracts from, or a summary of, the Technical Report in the Press Release and to its filing with the relevant regulatory authorities; and
(iii)the written disclosure of the Technical Report and extracts from, or a summary of, the Technical Report in any written disclosure, filed or being filed by Aya;
I, George Papageorgiou, confirm that I have read the written disclosure filed by Corporation in the Press Release and that it fairly and accurately represents the information in the Technical Report or part that I am responsible for.
[Signature page follows].
DATED on the date first written above
“Original signed and sealed”
George Papageorgiou, Director
Epoch Resources (Pty) Ltd
CONSENT OF QUALIFIED PERSON
October 20, 2026
To: Aya Gold & Silver Inc. (“Aya” or the “Corporation”)
And to:
Autorité des marchés financiers (Québec) British Columbia Securities Commission Alberta Securities Commission
Financial and Consumer Affairs Authority of Saskatchewan Manitoba Securities Commission
Ontario Securities Commission
Financial and Consumer Services Commission of New Brunswick Nova Scotia Securities Commission
Financial and Consumer Services Division (Prince Edward Island)
Office of the Superintendent of Securities Service Newfoundland and Labrador Dear Sirs / Mesdames:
Re: Filing of a Technical Report Supporting the Press Release Titled “Aya Gold & Silver Announces Updated PEA for Boumadine: After-Tax NPV Doubles to
$3.5B with 93% IRR” Dated September 9, 2026, (the “Press Release”)
I, Paul Gauthier, do hereby consent to:
(i)the public filing of the technical report titled “Technical Report – Updated Preliminary Economic Assessment for the Boumadine Polymetallic Project, Kingdom of Morocco” dated on October 20, 2026, with an effective date of September 9, 2026, (the “Technical Report”), filed with all of the Canadian Securities regulatory authorities having jurisdiction and publicly with SEDAR+;
(ii)the use of extracts from, or a summary of, the Technical Report in the Press Release and to its filing with the relevant regulatory authorities; and
(iii)the written disclosure of the Technical Report and extracts from, or a summary of, the Technical Report in any written disclosure, filed or being filed by Aya;
I, Paul Gauthier, confirm that I have read the written disclosure filed by Corporation in the Press Release and that it fairly and accurately represents the information in the Technical Report or part that I am responsible for.
[Signature page follows].
DATED October 20, 2026
Paul Gauthier
Senior Mining Engineer
CONSENT OF QUALIFIED PERSON
October 20, 2026
To: Aya Gold & Silver Inc. (“Aya” or the “Corporation”) And to:
Autorité des marchés financiers (Québec) British Columbia Securities Commission Alberta Securities Commission
Financial and Consumer Affairs Authority of Saskatchewan Manitoba Securities Commission
Ontario Securities Commission
Financial and Consumer Services Commission of New Brunswick Nova Scotia Securities Commission
Financial and Consumer Services Division (Prince Edward Island)
Office of the Superintendent of Securities Service Newfoundland and Labrador Dear Sirs / Mesdames:
Re: Filing of a Technical Report Supporting the Press Release Titled “Aya Gold & Silver Announces Updated PEA for Boumadine: After-Tax NPV Doubles to
$3.5B with 93% IRR” Dated September 9, 2026, (the “Press Release”)
I, Zunedbhai Shaikh, do hereby consent to:
(i)the public filing of the technical report titled “Technical Report – Updated Preliminary Economic Assessment for the Boumadine Polymetallic Project, Kingdom of Morocco” dated on October 23, 2026, with an effective date of September 9, 2026, (the “Technical Report”), filed with all of the Canadian Securities regulatory authorities having jurisdiction and publicly with SEDAR+;
(ii)the use of extracts from, or a summary of, the Technical Report in the Press Release and to its filing with the relevant regulatory authorities; and
(iii)the written disclosure of the Technical Report and extracts from, or a summary of, the Technical Report in any written disclosure, filed or being filed by Aya;
I, Zunedbhai Shaikh, confirm that I have read the written disclosure filed by Corporation in the Press Release and that it fairly and accurately represents the information in the Technical Report or part that I am responsible for.
[Signature page follows].
DATED on the date first written above
Zunedbhai Shaikh, P.Eng Lead Mechanical Engineer Lycopodium (Americas) Ltd.
CONSENT OF QUALIFIED PERSON
October 20, 2026
To: Aya Gold & Silver Inc. (“Aya” or the “Corporation”)
And to:
Autorité des marchés financiers (Québec) British Columbia Securities Commission Alberta Securities Commission
Financial and Consumer Affairs Authority of Saskatchewan Manitoba Securities Commission
Ontario Securities Commission
Financial and Consumer Services Commission of New Brunswick Nova Scotia Securities Commission
Financial and Consumer Services Division (Prince Edward Island)
Office of the Superintendent of Securities Service Newfoundland and Labrador Dear Sirs / Mesdames:
Re: Filing of a Technical Report Supporting the Press Release Titled “Aya Gold & Silver Announces Updated PEA for Boumadine: After-Tax NPV Doubles to
$3.5B with 93% IRR” Dated September 9, 2026, (the “Press Release”)
I, Ruan Venter, do hereby consent to:
(i)the public filing of the technical report titled “Technical Report – Updated Preliminary Economic Assessment for the Boumadine Polymetallic Project, Kingdom of Morocco” dated on October 20, 2026, with an effective date of September 9, 2026, (the “Technical Report”), filed with all of the Canadian Securities regulatory authorities having jurisdiction and publicly with SEDAR+;
(ii)the use of extracts from, or a summary of, the Technical Report in the Press Release and to its filing with the relevant regulatory authorities; and
(iii)the written disclosure of the Technical Report and extracts from, or a summary of, the Technical Report in any written disclosure, filed or being filed by Aya;
I, Ruan Venter, confirm that I have read the written disclosure filed by Corporation in the Press Release and that it fairly and accurately represents the information in the Technical Report or part that I am responsible for.
[Signature page follows].
DATED on the date first written above
“Original Signed and Sealed”
Ruan Venter
General Manager – Process Lycopodium (Americas) Ltd.
CONSENT OF QUALIFIED PERSON
October 20, 2026
To: Aya Gold & Silver Inc. (“Aya” or the “Corporation”) (TSX: AYA)
And to:
Autorité des marchés financiers (Québec) British Columbia Securities Commission Alberta Securities Commission
Financial and Consumer Affairs Authority of Saskatchewan Manitoba Securities Commission
Ontario Securities Commission
Financial and Consumer Services Commission of New Brunswick Nova Scotia Securities Commission
Financial and Consumer Services Division (Prince Edward Island)
Office of the Superintendent of Securities Service Newfoundland and Labrador Dear Sirs / Mesdames:
Re: Filing of a Technical Report Supporting the Press Release Titled “Aya Gold & Silver Announces Updated PEA for Boumadine: After-Tax NPV Doubles to
$3.5B with 93% IRR” Dated September 09, 2026, (the “Press Release”)
I, Preetham Nayak, do hereby consent to:
(i)the public filing of the technical report titled “Updated Preliminary Economic Assessment for the Boumadine Polymetallic Project, Kingdom of Morocco” dated on October 20, 2026, with an effective date of September 9, 2026, (the “Technical Report”), filed with all of the Canadian Securities regulatory authorities having jurisdiction and publicly with SEDAR+;
(ii)the use of extracts from, or a summary of, the Technical Report in the Press Release and to its filing with the relevant regulatory authorities; and
(iii)the written disclosure of the Technical Report and extracts from, or a summary of, the Technical Report in any written disclosure, filed or being filed by Aya;
I, Preetham Nayak, confirm that I have read the written disclosure filed by Corporation in the Press Release and that it fairly and accurately represents the information in the Technical Report or part that I am responsible for.
[Signature page follows].
DATED on the date first written above
{SIGNED}
Preetham Nayak
Preetham Nayak, P.Eng.
CONSENT OF QUALIFIED PERSON
October 20, 2026
To: Aya Gold & Silver Inc. (“Aya” or the “Corporation”)
And to:
Autorité des marchés financiers (Québec) British Columbia Securities Commission Alberta Securities Commission
Financial and Consumer Affairs Authority of Saskatchewan Manitoba Securities Commission
Ontario Securities Commission
Financial and Consumer Services Commission of New Brunswick Nova Scotia Securities Commission
Financial and Consumer Services Division (Prince Edward Island)
Office of the Superintendent of Securities Service Newfoundland and Labrador Dear Sirs / Mesdames:
Re: Filing of a Technical Report Supporting the Press Release Titled “Aya Gold & Silver Announces Updated PEA for Boumadine: After-Tax NPV Doubles to
$3.5B with 93% IRR” Dated September 9, 2026, (the “Press Release”)
I, Cortney Palleske, do hereby consent to:
(i)the public filing of the technical report titled “Technical Report – Updated Preliminary Economic Assessment for the Boumadine Polymetallic Project, Kingdom of Morocco” dated on October 20, 2026, with an effective date of September 9, 2026, (the “Technical Report”), filed with all of the Canadian Securities regulatory authorities having jurisdiction and publicly with SEDAR+;
(ii)the use of extracts from, or a summary of, the Technical Report in the Press Release and to its filing with the relevant regulatory authorities; and
(iii)the written disclosure of the Technical Report and extracts from, or a summary of, the Technical Report in any written disclosure, filed or being filed by Aya;
I, Cortney Palleske, confirm that I have read the written disclosure filed by Corporation in the Press Release and that it fairly and accurately represents the information in the Technical Report or part that I am responsible for.
[Signature page follows].
DATED on the date first written above
“Original Signed and Sealed”
Cortney Palleske, P.Eng.
Principal Geomechanics Consultant RockEng Inc.