AA2: Dokwe Project Feasibility Programme Update

Original announcement by asx on

Company
Ariana Resources plc
Ticker
AA2
Exchange
ASX
Region
Zimbabwe
Primary commodity
Gold
Secondary commodities
None reported
Document categories
Resource update, Metallurgy, Drill results
Extracted
2026-09-29 23:21:25 UTC

Analysis by Minestarters Atlas

Atlas analysis published:

Minestarters Atlas analysis

Summary

Ariana Resources provides an update on its Dokwe Gold Project Feasibility Study in Zimbabwe. Key progress includes an independent Mineral Resource Estimate underway, metallurgical testwork with Xinhai and IMO, and completed geotechnical drilling. The company is also advancing water bore drilling and planning further exploration and sterilisation drilling.

Reasoning: Ariana Resources provides a comprehensive update on its Dokwe Gold Project Feasibility Study, detailing significant progress across multiple workstreams including resource estimation, metallurgical testwork, and site investigations, indicating advancement towards development, though the MRE itself is a re-statement.

Positive factors

  • Feasibility Study program advancing on multiple fronts
  • Independent Mineral Resource Estimate underway
  • Metallurgical testwork underway with multiple labs
  • Geotechnical drilling completed for pit design
  • Water bore drilling underway to define processing water source
  • Exploration planning and sterilisation drilling to commence

Negative factors

  • Mineral Resource Estimate is a re-statement of a prior estimate
  • No new metallurgical testwork results reported yet

Low confidence — this extraction should be reviewed alongside the original source.

Facts used in scoring: 15

Classification and evidence

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: The Mineral Resource Estimate is reported in accordance with the JORC (2012) Code, indicating a high reporting standard.

Evidence · text

“JORC (2012) Code”

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: The announcement explicitly states that Dr. Kerim Sener and Ms. Ruth Woodcock, both Competent Persons under JORC, are responsible for the information.

Evidence · text

“Dr. Kerim Sener, Managing Director of Ariana Resources plc. Dr. Sener is a Fellow of The Geological Society of London and a Member of The Institute of Materials, Minerals and Mining and has sufficient experience relevant to the styles of mineralisation and type of deposit under consideration and to the activity that has been undertaken to qualify as a Competent Person as defined by the 2012 edition of the Australasian Code for the Reporting of Exploration Results, Mineral Resources and Ore Reserves (JORC Code)”

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: The document provides an update on the Mineral Resource Estimate as part of the Feasibility Study Programme.

Evidence · text

“Dokwe Project Feasibility Programme Update”

Stale Estimatenegative

Effective date is >2 years old — data currency concern, may not reflect current geological understanding.

Why it applies: The company confirms that the MRE is a re-statement of a previous announcement from May 2026, indicating no new material changes.

Evidence · text

“The Company confirms that it is not aware of any new information or data that materially affects the information included in the Previous Market Announcement and, in the case of estimates of Mineral Resources and Ore Reserves, that all material assumptions and technical parameters underpinning the estimates in the Previous Market Announcement continue to apply and have not materially changed.”

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: The cut-off grade of 0.2 g/t Au used for the resource estimate is clearly stated.

Evidence · text

“using a cut-off grade of 0.2g/t Au”

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: A significant portion of the total resource (12.08 Mt) is in the Inferred category, which has lower geological confidence.

Evidence · table

“12,080”

Context: Inferred

Measured Resourcepositive

Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.

Why it applies: The resource includes a Measured category of 21.055 Mt, representing the highest confidence level.

Evidence · table

“21,055”

Context: Measured

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: The resource includes an Indicated category of 29.331 Mt, providing good geological confidence.

Evidence · table

“29,331”

Context: Indicated

Bench Scale Onlynegative

Only preliminary bench tests completed — no locked-cycle or pilot work.

Why it applies: Metallurgical testwork is described as 'underway' with 'composites prepared' and 'bulk composites will be tested', suggesting bench or batch scale rather than pilot plant operations.

Evidence · text

“Metallurgical testwork underway with Xinhai and IMO”

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: The JORC Table 1 provides extensive details on QA/QC procedures for drilling and sampling, including blanks, standards, duplicates, and certified laboratories.

Evidence · text

“An adequate number of control samples were utilised during core sampling.”

Apparent Width Onlynegative

Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.

Why it applies: The JORC Table 1 explicitly states that 'Downhole true widths are not calculated' for the drilling results.

Evidence · text

“Downhole true widths are not calculated.”

Heap Leach Routeneutral

Processing via heap leach — lower CAPEX and OPEX, lower recovery expected.

Why it applies: the document describes a heap_leach route ("heap leach")

Mill Routeneutral

Processing via mill or concentrator (CIL, CIP, tank leach, flotation).

Why it applies: the document describes a flotation route ("concentrate")

Gravity Routeneutral

Gravity separation forms a material part of the flowsheet.

Why it applies: the document describes a gravity route ("DMS")

Single Domain Onlynegative

Testing limited to one composite or domain — representativeness not established.

Why it applies: only one composite was tested

Extracted facts

Stored fact records: 15. Some facts used in scoring do not have a stored record.

Drill Results (6)

DPD133Dokwe NorthHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Hole ID
DPD133
Project
Dokwe North
Region
zimbabwe
Reported Region
zimbabwe
Ticker
AA2

Geometry

Hole Depth
250 m

Classification

Program
resource
Sample Type
drill

Location

Easting
575097
Northing
7787953
CRS
UTM Zone 35S WGS84
Elevation
1157 m
Azimuth
325 °
Dip
-60 °
Loc. Confidence
high
Loc. Source
document

QA/QC

QA/QC Disclosed
Yes
Lab Certified
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Deleterious

Deleterious Flag
No

Review

Needs Review
Yes
Review Reason
historical_restatement
Interp. Status
scored
Historical
Yes

Dates

Event date
2026-09-29T00:00:00.000Z

Reasoning: Geotechnical drilling at Dokwe Central is a positive step for pit design, providing necessary data for the Feasibility Study.

Positive factors

  • Geotechnical drilling completed for pit design
  • High confidence in collar location from table

Negative factors

  • Downhole true widths not calculated for drilling in general

Evidence · table

“DPD133”

Context: 575097

Tags used in scoring

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "resource"

DPD134Dokwe NorthView all details
Link to this fact

Identity

Hole ID
DPD134
Project
Dokwe North
Region
zimbabwe
Reported Region
zimbabwe
Ticker
AA2

Geometry

Hole Depth
250 m

Classification

Program
resource
Sample Type
drill

Location

Easting
574873
Northing
7787931
CRS
UTM Zone 35S WGS84
Elevation
1156 m
Azimuth
40 °
Dip
-60 °
Loc. Confidence
high
Loc. Source
document

QA/QC

QA/QC Disclosed
Yes
Lab Certified
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Deleterious

Deleterious Flag
No

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-29T00:00:00.000Z

Reasoning: Geotechnical drilling at Dokwe Central is a positive step for pit design, providing necessary data for the Feasibility Study.

Positive factors

  • Geotechnical drilling completed for pit design
  • High confidence in collar location from table

Negative factors

  • Downhole true widths not calculated for drilling in general

Evidence · table

“DPD134”

Context: 574873

Tags used in scoring

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "resource"

DPD135Dokwe NorthView all details
Link to this fact

Identity

Hole ID
DPD135
Project
Dokwe North
Region
zimbabwe
Reported Region
zimbabwe
Ticker
AA2

Geometry

Hole Depth
250 m

Classification

Program
resource
Sample Type
drill

Location

Easting
574838
Northing
7788177
CRS
UTM Zone 35S WGS84
Elevation
1156 m
Azimuth
110 °
Dip
-60 °
Loc. Confidence
high
Loc. Source
document

QA/QC

QA/QC Disclosed
Yes
Lab Certified
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Deleterious

Deleterious Flag
No

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-29T00:00:00.000Z

Reasoning: Geotechnical drilling at Dokwe Central is a positive step for pit design, providing necessary data for the Feasibility Study.

Positive factors

  • Geotechnical drilling completed for pit design
  • High confidence in collar location from table

Negative factors

  • Downhole true widths not calculated for drilling in general

Evidence · table

“DPD135”

Context: 574838

Tags used in scoring

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "resource"

DPD136Dokwe NorthView all details
Link to this fact

Identity

Hole ID
DPD136
Project
Dokwe North
Region
zimbabwe
Reported Region
zimbabwe
Ticker
AA2

Geometry

Hole Depth
250 m

Classification

Program
resource
Sample Type
drill

Location

Easting
575041
Northing
7788269
CRS
UTM Zone 35S WGS84
Elevation
1156 m
Azimuth
190 °
Dip
-60 °
Loc. Confidence
high
Loc. Source
document

QA/QC

QA/QC Disclosed
Yes
Lab Certified
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Deleterious

Deleterious Flag
No

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-29T00:00:00.000Z

Reasoning: Geotechnical drilling at Dokwe Central is a positive step for pit design, providing necessary data for the Feasibility Study.

Positive factors

  • Geotechnical drilling completed for pit design
  • High confidence in collar location from table

Negative factors

  • Downhole true widths not calculated for drilling in general

Evidence · table

“DPD136”

Context: 575041

Tags used in scoring

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "resource"

DPD137Dokwe NorthView all details
Link to this fact

Identity

Hole ID
DPD137
Project
Dokwe North
Region
zimbabwe
Reported Region
zimbabwe
Ticker
AA2

Geometry

Hole Depth
72.3 m

Classification

Program
resource
Sample Type
drill

Location

Easting
575165
Northing
7788086
CRS
UTM Zone 35S WGS84
Elevation
1156 m
Azimuth
295 °
Dip
-60 °
Loc. Confidence
high
Loc. Source
document

QA/QC

QA/QC Disclosed
Yes
Lab Certified
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Deleterious

Deleterious Flag
No

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-29T00:00:00.000Z

Reasoning: Geotechnical drilling at Dokwe Central is a positive step for pit design, providing necessary data for the Feasibility Study.

Positive factors

  • Geotechnical drilling completed for pit design
  • High confidence in collar location from table

Negative factors

  • Downhole true widths not calculated for drilling in general

Evidence · table

“DPD137”

Context: 575165

Tags used in scoring

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "resource"

DPD151Dokwe NorthView all details
Link to this fact

Identity

Hole ID
DPD151
Project
Dokwe North
Region
zimbabwe
Reported Region
zimbabwe
Ticker
AA2

Geometry

Hole Depth
178.9 m

Classification

Program
resource
Sample Type
drill

Location

Easting
575175
Northing
7788067
CRS
UTM Zone 35S WGS84
Elevation
1157 m
Azimuth
300 °
Dip
-55 °
Loc. Confidence
high
Loc. Source
document

QA/QC

QA/QC Disclosed
Yes
Lab Certified
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Deleterious

Deleterious Flag
No

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-29T00:00:00.000Z

Reasoning: Geotechnical drilling at Dokwe Central is a positive step for pit design, providing necessary data for the Feasibility Study.

Positive factors

  • Geotechnical drilling completed for pit design
  • High confidence in collar location from table

Negative factors

  • Downhole true widths not calculated for drilling in general

Evidence · table

“DPD151”

Context: 575175

Tags used in scoring

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "resource"

Resource Estimates (8)

measuredDokwe Gold Project · goldTonnes: 21055000Grade: 0.92Grade Unit: g/tContained Metal: 621500Contained Unit: ozHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Dokwe Gold Project
Commodity
gold
Region
zimbabwe
Reported Region
Zimbabwe
Ticker
AA2

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Dr. Kerim Sener, Ms. Ruth Woodcock
Resource group id
resource:1af5ba3017681fa2c04e
Deposit or zone
Dokwe North

Resource Data

Category
measured
Tonnes
21055000
Grade
0.92
Grade Unit
g/t
Contained Metal
621500
Contained Unit
oz
Cutoff Grade
0.2
Cutoff Unit
g/t Au

Prior Estimate

Resource Date
2026-05-28

Metal Equivalent

Assumptions Disclosed
No

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2026-05-28T00:00:00.000Z

Dates

Event date
2026-09-29T00:00:00.000Z

Reasoning: This Measured resource for Dokwe North provides high confidence data for the project, though it is a re-statement of a previous estimate.

Positive factors

  • High confidence Measured category
  • JORC 2012 compliant
  • QP/CP signed off

Negative factors

  • Estimate is a re-statement of prior data

Evidence · table

“21,055”

Context: Measured

Tags used in scoring

Measured Resourcepositive

Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.

Why it applies: category is "measured"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

indicatedDokwe Gold Project · goldTonnes: 27224000Grade: 0.71Grade Unit: g/tContained Metal: 617400Contained Unit: ozHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Dokwe Gold Project
Commodity
gold
Region
zimbabwe
Reported Region
Zimbabwe
Ticker
AA2

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Dr. Kerim Sener, Ms. Ruth Woodcock
Resource group id
resource:ce31da49b21091df48a0
Deposit or zone
Dokwe North

Resource Data

Category
indicated
Tonnes
27224000
Grade
0.71
Grade Unit
g/t
Contained Metal
617400
Contained Unit
oz
Cutoff Grade
0.2
Cutoff Unit
g/t Au

Prior Estimate

Resource Date
2026-05-28

Metal Equivalent

Assumptions Disclosed
No

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2026-05-28T00:00:00.000Z

Dates

Event date
2026-09-29T00:00:00.000Z

Reasoning: This Indicated resource for Dokwe North provides good confidence data for the project, though it is a re-statement of a previous estimate.

Positive factors

  • Good confidence Indicated category
  • JORC 2012 compliant
  • QP/CP signed off

Negative factors

  • Estimate is a re-statement of prior data

Evidence · table

“27,224”

Context: Indicated

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

inferredDokwe Gold Project · goldTonnes: 11963000Grade: 0.67Grade Unit: g/tContained Metal: 258500Contained Unit: ozHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Dokwe Gold Project
Commodity
gold
Region
zimbabwe
Reported Region
Zimbabwe
Ticker
AA2

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Dr. Kerim Sener, Ms. Ruth Woodcock
Resource group id
resource:83a3dcb0d2f5332daa4e
Deposit or zone
Dokwe North

Resource Data

Category
inferred
Tonnes
11963000
Grade
0.67
Grade Unit
g/t
Contained Metal
258500
Contained Unit
oz
Cutoff Grade
0.2
Cutoff Unit
g/t Au

Prior Estimate

Resource Date
2026-05-28

Metal Equivalent

Assumptions Disclosed
No

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2026-05-28T00:00:00.000Z

Dates

Event date
2026-09-29T00:00:00.000Z

Reasoning: This Inferred resource for Dokwe North provides an indication of potential but has lower geological confidence, and is a re-statement of a previous estimate.

Positive factors

  • JORC 2012 compliant
  • QP/CP signed off

Negative factors

  • Estimate is a re-statement of prior data
  • Inferred category has lower geological confidence

Evidence · table

“11,963”

Context: Inferred

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

indicatedDokwe Gold Project · goldTonnes: 2107000Grade: 1.39Grade Unit: g/tContained Metal: 94300Contained Unit: ozHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Dokwe Gold Project
Commodity
gold
Region
zimbabwe
Reported Region
Zimbabwe
Ticker
AA2

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Dr. Kerim Sener, Ms. Ruth Woodcock
Resource group id
resource:52544587bef2a20a3607
Deposit or zone
Dokwe Central

Resource Data

Category
indicated
Tonnes
2107000
Grade
1.39
Grade Unit
g/t
Contained Metal
94300
Contained Unit
oz
Cutoff Grade
0.2
Cutoff Unit
g/t Au

Prior Estimate

Resource Date
2026-05-28

Metal Equivalent

Assumptions Disclosed
No

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2026-05-28T00:00:00.000Z

Dates

Event date
2026-09-29T00:00:00.000Z

Reasoning: This Indicated resource for Dokwe Central provides good confidence data for the project, though it is a re-statement of a previous estimate.

Positive factors

  • Good confidence Indicated category
  • JORC 2012 compliant
  • QP/CP signed off

Negative factors

  • Estimate is a re-statement of prior data

Evidence · table

“2,107”

Context: Indicated

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

inferredDokwe Gold Project · goldTonnes: 117000Grade: 1.66Grade Unit: g/tContained Metal: 6200Contained Unit: ozHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Dokwe Gold Project
Commodity
gold
Region
zimbabwe
Reported Region
Zimbabwe
Ticker
AA2

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Dr. Kerim Sener, Ms. Ruth Woodcock
Resource group id
resource:d8502a41c745dc0d1b70
Deposit or zone
Dokwe Central

Resource Data

Category
inferred
Tonnes
117000
Grade
1.66
Grade Unit
g/t
Contained Metal
6200
Contained Unit
oz
Cutoff Grade
0.2
Cutoff Unit
g/t Au

Prior Estimate

Resource Date
2026-05-28

Metal Equivalent

Assumptions Disclosed
No

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2026-05-28T00:00:00.000Z

Dates

Event date
2026-09-29T00:00:00.000Z

Reasoning: This Inferred resource for Dokwe Central provides an indication of potential but has lower geological confidence, and is a re-statement of a previous estimate.

Positive factors

  • JORC 2012 compliant
  • QP/CP signed off

Negative factors

  • Estimate is a re-statement of prior data
  • Inferred category has lower geological confidence

Evidence · table

“117”

Context: Inferred

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

measuredDokwe Gold Project · goldTonnes: 21055000Grade: 0.92Grade Unit: g/tContained Metal: 621500Contained Unit: ozHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Dokwe Gold Project
Commodity
gold
Region
zimbabwe
Reported Region
Zimbabwe
Ticker
AA2

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Dr. Kerim Sener, Ms. Ruth Woodcock
Resource group id
resource:f798a67357622703e828
Deposit or zone
Total

Resource Data

Category
measured
Tonnes
21055000
Grade
0.92
Grade Unit
g/t
Contained Metal
621500
Contained Unit
oz
Cutoff Grade
0.2
Cutoff Unit
g/t Au

Prior Estimate

Resource Date
2026-05-28

Metal Equivalent

Assumptions Disclosed
No

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2026-05-28T00:00:00.000Z

Dates

Event date
2026-09-29T00:00:00.000Z

Reasoning: This total Measured resource for the Dokwe Project provides high confidence data, though it is a re-statement of a previous estimate.

Positive factors

  • High confidence Measured category
  • JORC 2012 compliant
  • QP/CP signed off

Negative factors

  • Estimate is a re-statement of prior data

Evidence · table

“21,055”

Context: Total Measured

Tags used in scoring

Measured Resourcepositive

Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.

Why it applies: category is "measured"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

indicatedDokwe Gold Project · goldTonnes: 29331000Grade: 0.75Grade Unit: g/tContained Metal: 711700Contained Unit: ozHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Dokwe Gold Project
Commodity
gold
Region
zimbabwe
Reported Region
Zimbabwe
Ticker
AA2

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Dr. Kerim Sener, Ms. Ruth Woodcock
Resource group id
resource:61f375a954de2b0d01e6
Deposit or zone
Total

Resource Data

Category
indicated
Tonnes
29331000
Grade
0.75
Grade Unit
g/t
Contained Metal
711700
Contained Unit
oz
Cutoff Grade
0.2
Cutoff Unit
g/t Au

Prior Estimate

Resource Date
2026-05-28

Metal Equivalent

Assumptions Disclosed
No

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2026-05-28T00:00:00.000Z

Dates

Event date
2026-09-29T00:00:00.000Z

Reasoning: This total Indicated resource for the Dokwe Project provides good confidence data, though it is a re-statement of a previous estimate.

Positive factors

  • Good confidence Indicated category
  • JORC 2012 compliant
  • QP/CP signed off

Negative factors

  • Estimate is a re-statement of prior data

Evidence · table

“29,331”

Context: Indicated

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

inferredDokwe Gold Project · goldTonnes: 12080000Grade: 0.68Grade Unit: g/tContained Metal: 264700Contained Unit: ozHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Dokwe Gold Project
Commodity
gold
Region
zimbabwe
Reported Region
Zimbabwe
Ticker
AA2

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Dr. Kerim Sener, Ms. Ruth Woodcock
Resource group id
resource:12286885c7633c633107
Deposit or zone
Total

Resource Data

Category
inferred
Tonnes
12080000
Grade
0.68
Grade Unit
g/t
Contained Metal
264700
Contained Unit
oz
Cutoff Grade
0.2
Cutoff Unit
g/t Au

Prior Estimate

Resource Date
2026-05-28

Metal Equivalent

Assumptions Disclosed
No

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2026-05-28T00:00:00.000Z

Dates

Event date
2026-09-29T00:00:00.000Z

Reasoning: This total Inferred resource for the Dokwe Project provides an indication of potential but has lower geological confidence, and is a re-statement of a previous estimate.

Positive factors

  • JORC 2012 compliant
  • QP/CP signed off

Negative factors

  • Estimate is a re-statement of prior data
  • Inferred category has lower geological confidence

Evidence · table

“12,080”

Context: Inferred

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

Metallurgical Results (1)

unspecifiedDokwe Gold Project · goldView all details
Link to this fact

Identity

Project
Dokwe Gold Project
Commodity
gold
Region
zimbabwe
Reported Region
Zimbabwe
Ticker
AA2

Test Work

Program Status
detailed
Test Type
unspecified
Processing Route
unspecified
Sample
28 composites prepared, including three bulk composites and remaining mine schedule and variability composites

Lab

Laboratory
Xinhai and IMO
Consultant
Independent Metallurgical Operations Pty. Ltd.

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-29T00:00:00.000Z

Reasoning: Metallurgical testwork is a critical step for the Feasibility Study, and its commencement with multiple composites and labs is a positive development, though results are pending.

Positive factors

  • Metallurgical testwork is underway for Feasibility Study
  • Multiple composites being tested, including bulk and variability samples
  • Work being conducted by reputable laboratories (Xinhai, IMO)

Negative factors

  • No metallurgical testwork results reported yet

Evidence · text

“Metallurgical testwork underway with Xinhai and IMO, in China and Australia respectively.”

How Atlas produces this analysis

Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.