ADD: From Zero to 383koz Gold in 20 Months

Original announcement by asx on

Company
Adavale Resources Limited
Ticker
ADD
Exchange
ASX
Region
New South Wales
Primary commodity
Gold
Secondary commodities
None reported
Document categories
Drill results, Resource update
Extracted
2026-09-21 23:17:52 UTC

Analysis by Minestarters Atlas

Atlas analysis published:

Minestarters Atlas analysis

Summary

Adavale Resources has announced a significant update to its Parkes Gold Project Mineral Resource Estimate, increasing the total gold inventory by over 200% to 383,300 ounces. The London-Victoria deposit's resource surged 228% to 263,000 ounces, with 126,200 ounces now classified as Indicated, following the company's first standalone drilling campaign in almost 30 years. Additionally, new Inferred resources were established at Victoria South and Armstrongs, contributing approximately 70,000 ounces, with significant exploration upside remaining across the broader project.

Reasoning: The company has significantly increased its gold resource inventory by over 200% to 383,300 ounces, with a substantial portion now in the Indicated category, providing a strong foundation for future studies and demonstrating strong exploration success.

Positive factors

  • Significant increase in total gold resource (tripled)
  • Substantial increase in Indicated resources at London-Victoria
  • Mineralisation remains open for further growth
  • New near-mine opportunities added
  • First resource update incorporating modern drilling
  • JORC 2012 compliant and QP signed
  • High-grade sub-intervals in drill results

Negative factors

  • Some historical data lacks documentation, leading to lower confidence in some areas
  • Assumed bulk density for oxide material at Armstrongs is not based on actual measurements
  • No external review of the 2026 estimate

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

Facts used in scoring: 55

Classification and evidence

Tonnage Growthpositive

Significant tonnage increase (≥15%) vs prior estimate with grade maintained or improved.

Why it applies: The London-Victoria MRE increased from 3.8Mt to 9.74Mt, representing a significant tonnage increase.

Evidence · text

“The updated London-Victoria MRE of 9.74Mt at 0.84g/t Au for 262,700oz represents a 228% growth in contained gold compared with the previous MRE of 3.8Mt at 0.95g/t Au for 115koz.”

Contained Metal Growthpositive

True scale improvement — contained metal ounces/tonnes increased vs prior, accounting for both tonnage and grade changes.

Why it applies: Contained gold at London-Victoria increased from 115koz to 262,700oz, a 228% growth.

Evidence · text

“The updated London-Victoria MRE of 9.74Mt at 0.84g/t Au for 262,700oz represents a 228% growth in contained gold compared with the previous MRE of 3.8Mt at 0.95g/t Au for 115koz.”

Category Upgradepositive

Resource confidence improved — Inferred upgraded to Indicated, or Indicated to Measured. De-risking signal.

Why it applies: London-Victoria now contains 126,200oz classified as Indicated, representing 48.0% of its contained gold, indicating an upgrade in confidence.

Evidence · text

“London-Victoria contains 126,200oz classified as Indicated, representing 48.0% of its contained gold and providing a stronger technical foundation for the planned Scoping Study”

Maiden Resourceneutral

First formal MRE for the project — establishes baseline but typically exploration-stage with high Inferred component.

Why it applies: New Inferred Mineral Resources were established at Victoria South and Armstrongs, marking their first formal MRE.

Evidence · text

“New Inferred Mineral Resources at Victoria South (18,000oz) and Armstrongs (51,800oz) lift the combined estimate to 332,500oz.”

Resource Updateneutral

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

Why it applies: The announcement provides an updated Mineral Resource Estimate for London-Victoria, superseding a previous estimate from May 2025.

Evidence · text

“The updated Mineral Resource Estimate for London–Victoria reported in this announcement supersedes and replaces the Mineral Resource Estimate announced on 5 May 2025.”

JORC Compliantpositive

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

Why it applies: The Mineral Resource estimate is reported under JORC 2012.

Evidence · text

“When we completed the Parkes acquisition in January 2025, the project had no gold Mineral Resource reported under JORC 2012.”

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: Mark Berry of Derisk Geomining Consultants is the Competent Person for the Mineral Resource estimate, as defined by the JORC Code.

Evidence · text

“Mark Berry of Derisk Geomining Consultants is the Competent Person for the Mineral Resource estimate, as defined by the JORC Code.”

Cut-off Disclosedpositive

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

Why it applies: Cut-off grades of 0.20g/t Au for oxide and 0.25g/t Au for sulphide mineralisation are clearly stated.

Evidence · text

“Derisk elected to use the 140% Revenue Factor shell (equivalent to USD 4,200/oz) to report the September 2026 Mineral Resource at a cut-off criterion of 0.20g/t Au for oxide mineralisation and 0.25g/t Au for sulphide mineralisation.”

QA/QC Disclosedpositive

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

Why it applies: Adavale implemented a QA/QC process including blanks, field duplicates, and certified reference materials, with an independent laboratory check.

Evidence · text

“Adavale implemented a QA/QC process that included insertion of blanks, field duplicates and different certified reference materials to monitor sample preparation and analysis. The company also completed an independent laboratory check by sending 300 duplicate pulp samples to a second laboratory.”

Apparent Width Onlynegative

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

Why it applies: Drill intercepts are reported as downhole widths with no true width stated.

Evidence · text

“Width (m)”

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: The project is positioned adjacent to world-class operations like Cadia Ridgeway and Northparkes, leveraging their proximity for potential.

Evidence · text

“The region hosts world-class operations such as Cadia Ridgeway (35.1Moz Au & 7.9Mt Cu) and Northparkes (5.2Moz Au & 4.4Mt Cu), adjacent and directly west of the Parkes Project.”

Bonanza Interceptpositive

Exceptionally high-grade zone, well above the deposit-type norm.

Why it applies: The intercept of 1m at 52.6g/t Au in ALRC076 is exceptionally high-grade, well above the deposit-type norm for gold.

Evidence · text

“1m at 52.6g/t Au in ALRC076”

Extracted facts

Stored fact records: 55. Some facts used in scoring do not have a stored record.

Drill Results (33)

ALRC001London-Victoria · goldGrade: 1.95Grade Unit: g/tIntercept: 10 mView all details
Link to this fact

Identity

Hole ID
ALRC001
Project
London-Victoria
Commodity
gold
Region
australia_nsw
Reported Region
australia_nsw
Ticker
ADD

Geometry

Grade
1.95
Grade Unit
g/t
Intercept
10 m
From
149 m
To
159 m
Hole Depth
180 m
Intercept Depth
149 m

Classification

Program
resource
Sample Type
drill
Group ID
ALRC001:149-159
Mining Method
open_pit

Location

Location
Main Zone
Easting
605280
Northing
6330083
CRS
GDA94
Elevation
333.2 m
Azimuth
259 °
Dip
-55 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
On Site Laboratory Services (OSLS)
QA/QC Disclosed
Yes
QP Signed
No
QA/QC Methods
standards, blanks, duplicates, check_assays

Compositing

Cutoff Grade
0.3
Cutoff Unit
g/t
Dilution Disclosed
Yes
Max Dilution
3 m

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-21T00:00:00.000Z

Reasoning: This intercept confirms mineralisation continuity below the historical pit, contributing to the resource update.

Positive factors

  • Confirms mineralisation immediately below and adjacent to the historical pit
  • Good grade for open pit mining

Evidence · text

“10m at 1.95g/t Au from 149m in ALRC001”

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

Compositing Transparentpositive

Cut-off grade and internal dilution rules are clearly stated for reported intervals.

Why it applies: cutoff_grade and internal dilution are both stated

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "resource"

ALRC004London-Victoria · goldGrade: 1.48Grade Unit: g/tIntercept: 12 mView all details
Link to this fact

Identity

Hole ID
ALRC004
Project
London-Victoria
Commodity
gold
Region
australia_nsw
Reported Region
australia_nsw
Ticker
ADD

Geometry

Grade
1.48
Grade Unit
g/t
Intercept
12 m
From
38 m
To
50 m
Hole Depth
94 m
Intercept Depth
38 m

Classification

Program
resource
Sample Type
drill
Group ID
ALRC004:38-50
Mining Method
open_pit

Location

Location
Main Zone
Easting
605027
Northing
6329629
CRS
GDA94
Elevation
296.6 m
Azimuth
200 °
Dip
-50 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
On Site Laboratory Services (OSLS)
QA/QC Disclosed
Yes
QP Signed
No
QA/QC Methods
standards, blanks, duplicates, check_assays

Compositing

Cutoff Grade
0.3
Cutoff Unit
g/t
Dilution Disclosed
Yes
Max Dilution
3 m

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-21T00:00:00.000Z

Reasoning: This intercept confirms mineralisation continuity below the historical pit, contributing to the resource update.

Positive factors

  • Confirms mineralisation immediately below and adjacent to the historical pit
  • Good grade for open pit mining

Evidence · text

“12m at 1.48g/t Au from 38m in ALRC004”

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

Compositing Transparentpositive

Cut-off grade and internal dilution rules are clearly stated for reported intervals.

Why it applies: cutoff_grade and internal dilution are both stated

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "resource"

ALRC008London-Victoria · goldGrade: 1.69Grade Unit: g/tIntercept: 6 mView all details
Link to this fact

Identity

Hole ID
ALRC008
Project
London-Victoria
Commodity
gold
Region
australia_nsw
Reported Region
australia_nsw
Ticker
ADD

Geometry

Grade
1.69
Grade Unit
g/t
Intercept
6 m
From
37 m
To
43 m
Hole Depth
55 m
Intercept Depth
37 m

Classification

Program
resource
Sample Type
drill
Group ID
ALRC008:37-43
Mining Method
open_pit

Location

Location
Main Zone
Easting
605106
Northing
6329804
CRS
GDA94
Elevation
285.8 m
Azimuth
0 °
Dip
-90 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
On Site Laboratory Services (OSLS)
QA/QC Disclosed
Yes
QP Signed
No
QA/QC Methods
standards, blanks, duplicates, check_assays

Compositing

Cutoff Grade
0.3
Cutoff Unit
g/t
Dilution Disclosed
Yes
Max Dilution
3 m

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-21T00:00:00.000Z

Reasoning: This intercept confirms mineralisation continuity below the historical pit, contributing to the resource update.

Positive factors

  • Confirms mineralisation immediately below and adjacent to the historical pit
  • Good grade for open pit mining

Evidence · text

“6m at 1.69g/t Au from 37m in ALRC008”

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

Compositing Transparentpositive

Cut-off grade and internal dilution rules are clearly stated for reported intervals.

Why it applies: cutoff_grade and internal dilution are both stated

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "resource"

ALRC011London-Victoria · goldGrade: 6.64Grade Unit: g/tIntercept: 3 mView all details
Link to this fact

Identity

Hole ID
ALRC011
Project
London-Victoria
Commodity
gold
Region
australia_nsw
Reported Region
australia_nsw
Ticker
ADD

Geometry

Grade
6.64
Grade Unit
g/t
Intercept
3 m
From
10 m
To
13 m
Hole Depth
211 m
Intercept Depth
10 m

Classification

Program
resource
Sample Type
drill
Group ID
ALRC011:10-13
Mining Method
open_pit

Location

Location
Main Zone
Easting
604706
Northing
6328814
CRS
GDA94
Elevation
314 m
Azimuth
33 °
Dip
-62 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
On Site Laboratory Services (OSLS)
QA/QC Disclosed
Yes
QP Signed
No
QA/QC Methods
standards, blanks, duplicates, check_assays

Compositing

Cutoff Grade
0.3
Cutoff Unit
g/t
Dilution Disclosed
Yes
Max Dilution
3 m

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-21T00:00:00.000Z

Reasoning: This high-grade intercept confirms mineralisation continuity below the historical pit, contributing to the resource update.

Positive factors

  • High-grade intercept
  • Confirms mineralisation immediately below and adjacent to the historical pit

Evidence · text

“3m at 6.64g/t Au from 10m, including 1m at 14.6g/t Au in ALRC011”

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

Compositing Transparentpositive

Cut-off grade and internal dilution rules are clearly stated for reported intervals.

Why it applies: cutoff_grade and internal dilution are both stated

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "resource"

ALRC011London-Victoria · goldGrade: 14.6Grade Unit: g/tIntercept: 1 mView all details
Link to this fact

Identity

Hole ID
ALRC011
Project
London-Victoria
Commodity
gold
Region
australia_nsw
Reported Region
australia_nsw
Ticker
ADD

Geometry

Grade
14.6
Grade Unit
g/t
Intercept
1 m
From
10 m
To
11 m
Hole Depth
211 m
Intercept Depth
10 m

Classification

Program
resource
Sample Type
drill
Group ID
ALRC011:10-11
Mining Method
open_pit

Location

Location
Main Zone
Easting
604706
Northing
6328814
CRS
GDA94
Elevation
314 m
Azimuth
33 °
Dip
-62 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
On Site Laboratory Services (OSLS)
QA/QC Disclosed
Yes
QP Signed
No
QA/QC Methods
standards, blanks, duplicates, check_assays

Compositing

Cutoff Grade
0.3
Cutoff Unit
g/t
Dilution Disclosed
Yes
Max Dilution
3 m

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-21T00:00:00.000Z

Reasoning: This bonanza grade sub-interval is highly material and confirms very high-grade mineralisation, significantly contributing to the resource update.

Positive factors

  • Bonanza Intercept
  • Exceptional grade for open pit mining

Evidence · text

“1m at 14.6g/t Au in ALRC011”

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

Compositing Transparentpositive

Cut-off grade and internal dilution rules are clearly stated for reported intervals.

Why it applies: cutoff_grade and internal dilution are both stated

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "resource"

ALRC014London-Victoria · goldGrade: 0.82Grade Unit: g/tIntercept: 48 mView all details
Link to this fact

Identity

Hole ID
ALRC014
Project
London-Victoria
Commodity
gold
Region
australia_nsw
Reported Region
australia_nsw
Ticker
ADD

Geometry

Grade
0.82
Grade Unit
g/t
Intercept
48 m
From
133 m
To
181 m
Hole Depth
219 m
Intercept Depth
133 m

Classification

Program
resource
Sample Type
drill
Group ID
ALRC014:133-181
Mining Method
open_pit

Location

Location
Main Zone
Easting
604938
Northing
6329177
CRS
GDA94
Elevation
323.9 m
Azimuth
245 °
Dip
-60 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
On Site Laboratory Services (OSLS)
QA/QC Disclosed
Yes
QP Signed
No
QA/QC Methods
standards, blanks, duplicates, check_assays

Compositing

Cutoff Grade
0.3
Cutoff Unit
g/t
Dilution Disclosed
Yes
Max Dilution
3 m

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-21T00:00:00.000Z

Reasoning: This broad intercept significantly extends mineralisation below the pit floor, demonstrating the open nature of the deposit and providing a foundation for further structural interpretation.

Positive factors

  • Broad mineralised zone
  • Extended mineralisation approximately 100m below the pit floor
  • Demonstrated London-Victoria remained open at depth

Evidence · text

“48m at 0.82g/t Au from 133m, including 25m at 1.17g/t Au in ALRC014”

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

Compositing Transparentpositive

Cut-off grade and internal dilution rules are clearly stated for reported intervals.

Why it applies: cutoff_grade and internal dilution are both stated

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "resource"

ALRC014London-Victoria · goldGrade: 1.17Grade Unit: g/tIntercept: 25 mView all details
Link to this fact

Identity

Hole ID
ALRC014
Project
London-Victoria
Commodity
gold
Region
australia_nsw
Reported Region
australia_nsw
Ticker
ADD

Geometry

Grade
1.17
Grade Unit
g/t
Intercept
25 m
From
133 m
To
158 m
Hole Depth
219 m
Intercept Depth
133 m

Classification

Program
resource
Sample Type
drill
Group ID
ALRC014:133-158
Mining Method
open_pit

Location

Location
Main Zone
Easting
604938
Northing
6329177
CRS
GDA94
Elevation
323.9 m
Azimuth
245 °
Dip
-60 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
On Site Laboratory Services (OSLS)
QA/QC Disclosed
Yes
QP Signed
No
QA/QC Methods
standards, blanks, duplicates, check_assays

Compositing

Cutoff Grade
0.3
Cutoff Unit
g/t
Dilution Disclosed
Yes
Max Dilution
3 m

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-21T00:00:00.000Z

Reasoning: This broad intercept significantly extends mineralisation below the pit floor, demonstrating the open nature of the deposit and providing a foundation for further structural interpretation.

Positive factors

  • Broad mineralised zone
  • Extended mineralisation approximately 100m below the pit floor
  • Demonstrated London-Victoria remained open at depth

Evidence · text

“25m at 1.17g/t Au in ALRC014”

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

Compositing Transparentpositive

Cut-off grade and internal dilution rules are clearly stated for reported intervals.

Why it applies: cutoff_grade and internal dilution are both stated

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "resource"

ALRC018London-Victoria · goldGrade: 2.62Grade Unit: g/tIntercept: 14 mView all details
Link to this fact

Identity

Hole ID
ALRC018
Project
London-Victoria
Commodity
gold
Region
australia_nsw
Reported Region
australia_nsw
Ticker
ADD

Geometry

Grade
2.62
Grade Unit
g/t
Intercept
14 m
From
133 m
To
147 m
Hole Depth
194 m
Intercept Depth
133 m

Classification

Program
resource
Sample Type
drill
Group ID
ALRC018:133-147
Mining Method
open_pit

Location

Location
Main Zone
Easting
604960
Northing
6329150
CRS
GDA94
Elevation
321.3 m
Azimuth
287 °
Dip
-49 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
On Site Laboratory Services (OSLS)
QA/QC Disclosed
Yes
QP Signed
No
QA/QC Methods
standards, blanks, duplicates, check_assays

Compositing

Cutoff Grade
0.3
Cutoff Unit
g/t
Dilution Disclosed
Yes
Max Dilution
3 m

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-21T00:00:00.000Z

Reasoning: This intercept validates geological controls and demonstrates continuity beneath the pit, providing confidence for resource expansion.

Positive factors

  • Validates interpreted geological controls
  • Demonstrates continuity beneath the pit
  • Good grade for open pit mining

Evidence · text

“14m at 2.62g/t Au from 133m in ALRC018”

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

Compositing Transparentpositive

Cut-off grade and internal dilution rules are clearly stated for reported intervals.

Why it applies: cutoff_grade and internal dilution are both stated

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "resource"

ALRC019London-Victoria · goldGrade: 1.53Grade Unit: g/tIntercept: 28 mView all details
Link to this fact

Identity

Hole ID
ALRC019
Project
London-Victoria
Commodity
gold
Region
australia_nsw
Reported Region
australia_nsw
Ticker
ADD

Geometry

Grade
1.53
Grade Unit
g/t
Intercept
28 m
From
137 m
To
165 m
Hole Depth
210 m
Intercept Depth
137 m

Classification

Program
resource
Sample Type
drill
Group ID
ALRC019:137-165
Mining Method
open_pit

Location

Location
Main Zone
Easting
604956
Northing
6329124
CRS
GDA94
Elevation
320.3 m
Azimuth
276 °
Dip
-50 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
On Site Laboratory Services (OSLS)
QA/QC Disclosed
Yes
QP Signed
No
QA/QC Methods
standards, blanks, duplicates, check_assays

Compositing

Cutoff Grade
0.3
Cutoff Unit
g/t
Dilution Disclosed
Yes
Max Dilution
3 m

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-21T00:00:00.000Z

Reasoning: This intercept validates geological controls and demonstrates continuity beneath the pit, providing confidence for resource expansion.

Positive factors

  • Validates interpreted geological controls
  • Demonstrates continuity beneath the pit
  • Good grade for open pit mining

Evidence · text

“28m at 1.53g/t Au from 137m, including 11m at 2.62g/t Au in ALRC019”

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

Compositing Transparentpositive

Cut-off grade and internal dilution rules are clearly stated for reported intervals.

Why it applies: cutoff_grade and internal dilution are both stated

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "resource"

ALRC019London-Victoria · goldGrade: 2.62Grade Unit: g/tIntercept: 11 mView all details
Link to this fact

Identity

Hole ID
ALRC019
Project
London-Victoria
Commodity
gold
Region
australia_nsw
Reported Region
australia_nsw
Ticker
ADD

Geometry

Grade
2.62
Grade Unit
g/t
Intercept
11 m
From
137 m
To
148 m
Hole Depth
210 m
Intercept Depth
137 m

Classification

Program
resource
Sample Type
drill
Group ID
ALRC019:137-148
Mining Method
open_pit

Location

Location
Main Zone
Easting
604956
Northing
6329124
CRS
GDA94
Elevation
320.3 m
Azimuth
276 °
Dip
-50 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
On Site Laboratory Services (OSLS)
QA/QC Disclosed
Yes
QP Signed
No
QA/QC Methods
standards, blanks, duplicates, check_assays

Compositing

Cutoff Grade
0.3
Cutoff Unit
g/t
Dilution Disclosed
Yes
Max Dilution
3 m

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-21T00:00:00.000Z

Reasoning: This high-grade sub-interval further validates geological controls and demonstrates continuity beneath the pit, providing strong confidence for resource expansion.

Positive factors

  • High-grade sub-interval
  • Validates interpreted geological controls
  • Demonstrates continuity beneath the pit

Evidence · text

“11m at 2.62g/t Au in ALRC019”

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

Compositing Transparentpositive

Cut-off grade and internal dilution rules are clearly stated for reported intervals.

Why it applies: cutoff_grade and internal dilution are both stated

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "resource"

ALRC020London-Victoria · goldGrade: 1.64Grade Unit: g/tIntercept: 23 mView all details
Link to this fact

Identity

Hole ID
ALRC020
Project
London-Victoria
Commodity
gold
Region
australia_nsw
Reported Region
australia_nsw
Ticker
ADD

Geometry

Grade
1.64
Grade Unit
g/t
Intercept
23 m
From
142 m
To
165 m
Hole Depth
210 m
Intercept Depth
142 m

Classification

Program
resource
Sample Type
drill
Group ID
ALRC020:142-165
Mining Method
open_pit

Location

Location
Main Zone
Easting
604955
Northing
6329107
CRS
GDA94
Elevation
319.8 m
Azimuth
271 °
Dip
-50 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
On Site Laboratory Services (OSLS)
QA/QC Disclosed
Yes
QP Signed
No
QA/QC Methods
standards, blanks, duplicates, check_assays

Compositing

Cutoff Grade
0.3
Cutoff Unit
g/t
Dilution Disclosed
Yes
Max Dilution
3 m

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-21T00:00:00.000Z

Reasoning: This intercept validates geological controls and demonstrates continuity beneath the pit, providing confidence for resource expansion.

Positive factors

  • Validates interpreted geological controls
  • Demonstrates continuity beneath the pit
  • Good grade for open pit mining

Evidence · text

“23m at 1.64g/t Au from 142m, including 4m at 3.46g/t Au in ALRC020”

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

Compositing Transparentpositive

Cut-off grade and internal dilution rules are clearly stated for reported intervals.

Why it applies: cutoff_grade and internal dilution are both stated

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "resource"

ALRC020London-Victoria · goldGrade: 3.46Grade Unit: g/tIntercept: 4 mView all details
Link to this fact

Identity

Hole ID
ALRC020
Project
London-Victoria
Commodity
gold
Region
australia_nsw
Reported Region
australia_nsw
Ticker
ADD

Geometry

Grade
3.46
Grade Unit
g/t
Intercept
4 m
From
142 m
To
146 m
Hole Depth
210 m
Intercept Depth
142 m

Classification

Program
resource
Sample Type
drill
Group ID
ALRC020:142-146
Mining Method
open_pit

Location

Location
Main Zone
Easting
604955
Northing
6329107
CRS
GDA94
Elevation
319.8 m
Azimuth
271 °
Dip
-50 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
On Site Laboratory Services (OSLS)
QA/QC Disclosed
Yes
QP Signed
No
QA/QC Methods
standards, blanks, duplicates, check_assays

Compositing

Cutoff Grade
0.3
Cutoff Unit
g/t
Dilution Disclosed
Yes
Max Dilution
3 m

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-21T00:00:00.000Z

Reasoning: This high-grade sub-interval further validates geological controls and demonstrates continuity beneath the pit, providing strong confidence for resource expansion.

Positive factors

  • High-grade sub-interval
  • Validates interpreted geological controls
  • Demonstrates continuity beneath the pit

Evidence · text

“4m at 3.46g/t Au in ALRC020”

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

Compositing Transparentpositive

Cut-off grade and internal dilution rules are clearly stated for reported intervals.

Why it applies: cutoff_grade and internal dilution are both stated

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "resource"

ALRC021London-Victoria · goldGrade: 1.4Grade Unit: g/tIntercept: 21 mView all details
Link to this fact

Identity

Hole ID
ALRC021
Project
London-Victoria
Commodity
gold
Region
australia_nsw
Reported Region
australia_nsw
Ticker
ADD

Geometry

Grade
1.4
Grade Unit
g/t
Intercept
21 m
From
162 m
To
183 m
Hole Depth
231 m
Intercept Depth
162 m

Classification

Program
resource
Sample Type
drill
Group ID
ALRC021:162-183
Mining Method
open_pit

Location

Location
Main Zone
Easting
604955
Northing
6329105
CRS
GDA94
Elevation
319.9 m
Azimuth
266 °
Dip
-51 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
On Site Laboratory Services (OSLS)
QA/QC Disclosed
Yes
QP Signed
No
QA/QC Methods
standards, blanks, duplicates, check_assays

Compositing

Cutoff Grade
0.3
Cutoff Unit
g/t
Dilution Disclosed
Yes
Max Dilution
3 m

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-21T00:00:00.000Z

Reasoning: This intercept validates geological controls and demonstrates continuity beneath the pit, providing confidence for resource expansion.

Positive factors

  • Validates interpreted geological controls
  • Demonstrates continuity beneath the pit
  • Good grade for open pit mining

Evidence · text

“21m at 1.40g/t Au from 162m in ALRC021”

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

Compositing Transparentpositive

Cut-off grade and internal dilution rules are clearly stated for reported intervals.

Why it applies: cutoff_grade and internal dilution are both stated

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "resource"

ALRC023London-Victoria · goldGrade: 1.26Grade Unit: g/tIntercept: 20 mView all details
Link to this fact

Identity

Hole ID
ALRC023
Project
London-Victoria
Commodity
gold
Region
australia_nsw
Reported Region
australia_nsw
Ticker
ADD

Geometry

Grade
1.26
Grade Unit
g/t
Intercept
20 m
From
102 m
To
122 m
Hole Depth
231 m
Intercept Depth
102 m

Classification

Program
resource
Sample Type
drill
Group ID
ALRC023:102-122
Mining Method
open_pit

Location

Location
Main Zone
Easting
604974
Northing
6329216
CRS
GDA94
Elevation
322.8 m
Azimuth
284 °
Dip
-60 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
On Site Laboratory Services (OSLS)
QA/QC Disclosed
Yes
QP Signed
No
QA/QC Methods
standards, blanks, duplicates, check_assays

Compositing

Cutoff Grade
0.3
Cutoff Unit
g/t
Dilution Disclosed
Yes
Max Dilution
3 m

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-21T00:00:00.000Z

Reasoning: This intercept validates geological controls and demonstrates continuity beneath the pit, providing confidence for resource expansion.

Positive factors

  • Validates interpreted geological controls
  • Demonstrates continuity beneath the pit
  • Good grade for open pit mining

Evidence · text

“20m at 1.26g/t Au from 102m in ALRC023”

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

Compositing Transparentpositive

Cut-off grade and internal dilution rules are clearly stated for reported intervals.

Why it applies: cutoff_grade and internal dilution are both stated

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "resource"

ALRC028London-Victoria · goldGrade: 2.96Grade Unit: g/tIntercept: 6 mView all details
Link to this fact

Identity

Hole ID
ALRC028
Project
London-Victoria
Commodity
gold
Region
australia_nsw
Reported Region
australia_nsw
Ticker
ADD

Geometry

Grade
2.96
Grade Unit
g/t
Intercept
6 m
From
219 m
To
225 m
Hole Depth
231 m
Intercept Depth
219 m

Classification

Program
resource
Sample Type
drill
Group ID
ALRC028:219-225
Mining Method
open_pit

Location

Location
Main Zone
Easting
605302
Northing
6329988
CRS
GDA94
Elevation
331 m
Azimuth
280 °
Dip
-60 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
On Site Laboratory Services (OSLS)
QA/QC Disclosed
Yes
QP Signed
No
QA/QC Methods
standards, blanks, duplicates, check_assays

Compositing

Cutoff Grade
0.3
Cutoff Unit
g/t
Dilution Disclosed
Yes
Max Dilution
3 m

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-21T00:00:00.000Z

Reasoning: This intercept confirms continuity of the mineralised system, contributing to the resource update.

Positive factors

  • Confirms continuity of the broader mineralised system
  • Good grade for open pit mining

Evidence · text

“6m at 2.96g/t Au from 219m in ALRC028”

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

Compositing Transparentpositive

Cut-off grade and internal dilution rules are clearly stated for reported intervals.

Why it applies: cutoff_grade and internal dilution are both stated

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "resource"

ALRC031London-Victoria · goldGrade: 2.11Grade Unit: g/tIntercept: 10 mView all details
Link to this fact

Identity

Hole ID
ALRC031
Project
London-Victoria
Commodity
gold
Region
australia_nsw
Reported Region
australia_nsw
Ticker
ADD

Geometry

Grade
2.11
Grade Unit
g/t
Intercept
10 m
From
180 m
To
190 m
Hole Depth
213 m
Intercept Depth
180 m

Classification

Program
resource
Sample Type
drill
Group ID
ALRC031:180-190
Mining Method
open_pit

Location

Location
Main Zone
Easting
605274
Northing
6329878
CRS
GDA94
Elevation
330.6 m
Azimuth
281 °
Dip
-50 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
On Site Laboratory Services (OSLS)
QA/QC Disclosed
Yes
QP Signed
No
QA/QC Methods
standards, blanks, duplicates, check_assays

Compositing

Cutoff Grade
0.3
Cutoff Unit
g/t
Dilution Disclosed
Yes
Max Dilution
3 m

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-21T00:00:00.000Z

Reasoning: This intercept confirms continuity of the mineralised system, contributing to the resource update.

Positive factors

  • Confirms continuity of the broader mineralised system
  • Good grade for open pit mining

Evidence · text

“10m at 2.11g/t Au from 180m in ALRC031”

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

Compositing Transparentpositive

Cut-off grade and internal dilution rules are clearly stated for reported intervals.

Why it applies: cutoff_grade and internal dilution are both stated

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "resource"

ALRC034London-Victoria · goldGrade: 0.75Grade Unit: g/tIntercept: 54 mView all details
Link to this fact

Identity

Hole ID
ALRC034
Project
London-Victoria
Commodity
gold
Region
australia_nsw
Reported Region
australia_nsw
Ticker
ADD

Geometry

Grade
0.75
Grade Unit
g/t
Intercept
54 m
From
124 m
To
178 m
Hole Depth
231 m
Intercept Depth
124 m

Classification

Program
resource
Sample Type
drill
Group ID
ALRC034:124-178
Mining Method
open_pit

Location

Location
Main Zone
Easting
604977
Northing
6329215
CRS
GDA94
Elevation
322.7 m
Azimuth
280 °
Dip
-70 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
On Site Laboratory Services (OSLS)
QA/QC Disclosed
Yes
QP Signed
No
QA/QC Methods
standards, blanks, duplicates, check_assays

Compositing

Cutoff Grade
0.3
Cutoff Unit
g/t
Dilution Disclosed
Yes
Max Dilution
3 m

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-21T00:00:00.000Z

Reasoning: This broad intercept confirms continuity of the mineralised system, contributing to the resource update.

Positive factors

  • Broad mineralised zone
  • Confirms continuity of the broader mineralised system
  • Good grade for open pit mining

Evidence · text

“54m at 0.75g/t Au from 124m in ALRC034”

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

Compositing Transparentpositive

Cut-off grade and internal dilution rules are clearly stated for reported intervals.

Why it applies: cutoff_grade and internal dilution are both stated

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "resource"

ALRC056London-Victoria · goldGrade: 0.68Grade Unit: g/tIntercept: 47 mView all details
Link to this fact

Identity

Hole ID
ALRC056
Project
London-Victoria
Commodity
gold
Region
australia_nsw
Reported Region
australia_nsw
Ticker
ADD

Geometry

Grade
0.68
Grade Unit
g/t
Intercept
47 m
From
121 m
To
168 m
Hole Depth
210 m
Intercept Depth
121 m

Classification

Program
resource
Sample Type
drill
Group ID
ALRC056:121-168
Mining Method
open_pit

Location

Location
Main Zone
Easting
605079
Northing
6329348
CRS
GDA94
Elevation
327.8 m
Azimuth
276 °
Dip
-55 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
On Site Laboratory Services (OSLS)
QA/QC Disclosed
Yes
QP Signed
No
QA/QC Methods
standards, blanks, duplicates, check_assays

Compositing

Cutoff Grade
0.3
Cutoff Unit
g/t
Dilution Disclosed
Yes
Max Dilution
3 m

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-21T00:00:00.000Z

Reasoning: This broad intercept confirms continuity of the mineralised system, contributing to the resource update.

Positive factors

  • Broad mineralised zone
  • Confirms continuity of the broader mineralised system
  • Good grade for open pit mining

Evidence · text

“47m at 0.68g/t Au from 121m in ALRC056”

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

Compositing Transparentpositive

Cut-off grade and internal dilution rules are clearly stated for reported intervals.

Why it applies: cutoff_grade and internal dilution are both stated

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "resource"

ALRC058London-Victoria · goldGrade: 3.22Grade Unit: g/tIntercept: 6 mView all details
Link to this fact

Identity

Hole ID
ALRC058
Project
London-Victoria
Commodity
gold
Region
australia_nsw
Reported Region
australia_nsw
Ticker
ADD

Geometry

Grade
3.22
Grade Unit
g/t
Intercept
6 m
From
35 m
To
41 m
Hole Depth
204 m
Intercept Depth
35 m

Classification

Program
resource
Sample Type
drill
Group ID
ALRC058:35-41
Mining Method
open_pit

Location

Location
Main Zone
Easting
605048
Northing
6329304
CRS
GDA94
Elevation
326 m
Azimuth
276 °
Dip
-50 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
On Site Laboratory Services (OSLS)
QA/QC Disclosed
Yes
QP Signed
No
QA/QC Methods
standards, blanks, duplicates, check_assays

Compositing

Cutoff Grade
0.3
Cutoff Unit
g/t
Dilution Disclosed
Yes
Max Dilution
3 m

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-21T00:00:00.000Z

Reasoning: This high-grade intercept confirms continuity of the mineralised system, contributing to the resource update.

Positive factors

  • High-grade intercept
  • Confirms continuity of the broader mineralised system

Evidence · text

“6m at 3.22g/t Au from 35m, including 1m at 10.3g/t Au in ALRC058”

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

Compositing Transparentpositive

Cut-off grade and internal dilution rules are clearly stated for reported intervals.

Why it applies: cutoff_grade and internal dilution are both stated

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "resource"

ALRC058London-Victoria · goldGrade: 10.3Grade Unit: g/tIntercept: 1 mView all details
Link to this fact

Identity

Hole ID
ALRC058
Project
London-Victoria
Commodity
gold
Region
australia_nsw
Reported Region
australia_nsw
Ticker
ADD

Geometry

Grade
10.3
Grade Unit
g/t
Intercept
1 m
From
35 m
To
36 m
Hole Depth
204 m
Intercept Depth
35 m

Classification

Program
resource
Sample Type
drill
Group ID
ALRC058:35-36
Mining Method
open_pit

Location

Location
Main Zone
Easting
605048
Northing
6329304
CRS
GDA94
Elevation
326 m
Azimuth
276 °
Dip
-50 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
On Site Laboratory Services (OSLS)
QA/QC Disclosed
Yes
QP Signed
No
QA/QC Methods
standards, blanks, duplicates, check_assays

Compositing

Cutoff Grade
0.3
Cutoff Unit
g/t
Dilution Disclosed
Yes
Max Dilution
3 m

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-21T00:00:00.000Z

Reasoning: This bonanza grade sub-interval is highly material and confirms very high-grade mineralisation, significantly contributing to the resource update.

Positive factors

  • Bonanza Intercept
  • Exceptional grade for open pit mining

Evidence · text

“1m at 10.3g/t Au in ALRC058”

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

Compositing Transparentpositive

Cut-off grade and internal dilution rules are clearly stated for reported intervals.

Why it applies: cutoff_grade and internal dilution are both stated

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "resource"

ALRC059London-Victoria · goldGrade: 1.36Grade Unit: g/tIntercept: 19 mView all details
Link to this fact

Identity

Hole ID
ALRC059
Project
London-Victoria
Commodity
gold
Region
australia_nsw
Reported Region
australia_nsw
Ticker
ADD

Geometry

Grade
1.36
Grade Unit
g/t
Intercept
19 m
From
149 m
To
168 m
Hole Depth
234 m
Intercept Depth
149 m

Classification

Program
resource
Sample Type
drill
Group ID
ALRC059:149-168
Mining Method
open_pit

Location

Location
Main Zone
Easting
605049
Northing
6329304
CRS
GDA94
Elevation
326.1 m
Azimuth
276 °
Dip
-60 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
On Site Laboratory Services (OSLS)
QA/QC Disclosed
Yes
QP Signed
No
QA/QC Methods
standards, blanks, duplicates, check_assays

Compositing

Cutoff Grade
0.3
Cutoff Unit
g/t
Dilution Disclosed
Yes
Max Dilution
3 m

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-21T00:00:00.000Z

Reasoning: This intercept confirms continuity of the mineralised system, contributing to the resource update.

Positive factors

  • Confirms continuity of the broader mineralised system
  • Good grade for open pit mining

Evidence · text

“19m at 1.36g/t Au from 149m in ALRC059”

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

Compositing Transparentpositive

Cut-off grade and internal dilution rules are clearly stated for reported intervals.

Why it applies: cutoff_grade and internal dilution are both stated

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "resource"

ALRC045London-Victoria · goldGrade: 1.1Grade Unit: g/tIntercept: 23 mView all details
Link to this fact

Identity

Hole ID
ALRC045
Project
London-Victoria
Commodity
gold
Region
australia_nsw
Reported Region
australia_nsw
Ticker
ADD

Geometry

Grade
1.1
Grade Unit
g/t
Intercept
23 m
From
136 m
To
159 m
Hole Depth
204 m
Intercept Depth
136 m

Classification

Program
resource
Sample Type
drill
Group ID
ALRC045:136-159
Mining Method
open_pit

Location

Location
Main Zone
Easting
605157
Northing
6329600
CRS
GDA94
Elevation
334.7 m
Azimuth
278 °
Dip
-50 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
On Site Laboratory Services (OSLS)
QA/QC Disclosed
Yes
QP Signed
No
QA/QC Methods
standards, blanks, duplicates, check_assays

Compositing

Cutoff Grade
0.3
Cutoff Unit
g/t
Dilution Disclosed
Yes
Max Dilution
3 m

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-21T00:00:00.000Z

Reasoning: This intercept confirms continuity of the mineralised system, contributing to the resource update.

Positive factors

  • Confirms continuity of the broader mineralised system
  • Good grade for open pit mining

Evidence · text

“23m at 1.10g/t Au from 136m, including 7m at 2.42g/t Au in ALRC045”

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

Compositing Transparentpositive

Cut-off grade and internal dilution rules are clearly stated for reported intervals.

Why it applies: cutoff_grade and internal dilution are both stated

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "resource"

ALRC045London-Victoria · goldGrade: 2.42Grade Unit: g/tIntercept: 7 mView all details
Link to this fact

Identity

Hole ID
ALRC045
Project
London-Victoria
Commodity
gold
Region
australia_nsw
Reported Region
australia_nsw
Ticker
ADD

Geometry

Grade
2.42
Grade Unit
g/t
Intercept
7 m
From
136 m
To
143 m
Hole Depth
204 m
Intercept Depth
136 m

Classification

Program
resource
Sample Type
drill
Group ID
ALRC045:136-143
Mining Method
open_pit

Location

Location
Main Zone
Easting
605157
Northing
6329600
CRS
GDA94
Elevation
334.7 m
Azimuth
278 °
Dip
-50 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
On Site Laboratory Services (OSLS)
QA/QC Disclosed
Yes
QP Signed
No
QA/QC Methods
standards, blanks, duplicates, check_assays

Compositing

Cutoff Grade
0.3
Cutoff Unit
g/t
Dilution Disclosed
Yes
Max Dilution
3 m

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-21T00:00:00.000Z

Reasoning: This high-grade sub-interval confirms continuity of the mineralised system, contributing to the resource update.

Positive factors

  • High-grade sub-interval
  • Confirms continuity of the broader mineralised system

Evidence · text

“7m at 2.42g/t Au in ALRC045”

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

Compositing Transparentpositive

Cut-off grade and internal dilution rules are clearly stated for reported intervals.

Why it applies: cutoff_grade and internal dilution are both stated

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "resource"

ALRC070London-Victoria · goldGrade: 1.29Grade Unit: g/tIntercept: 31 mView all details
Link to this fact

Identity

Hole ID
ALRC070
Project
London-Victoria
Commodity
gold
Region
australia_nsw
Reported Region
australia_nsw
Ticker
ADD

Geometry

Grade
1.29
Grade Unit
g/t
Intercept
31 m
From
133 m
To
164 m
Hole Depth
204 m
Intercept Depth
133 m

Classification

Program
resource
Sample Type
drill
Group ID
ALRC070:133-164
Mining Method
open_pit

Location

Location
Main Zone
Easting
605084
Northing
6329436
CRS
GDA94
Elevation
330.5 m
Azimuth
277 °
Dip
-55 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
On Site Laboratory Services (OSLS)
QA/QC Disclosed
Yes
QP Signed
No
QA/QC Methods
standards, blanks, duplicates, check_assays

Compositing

Cutoff Grade
0.3
Cutoff Unit
g/t
Dilution Disclosed
Yes
Max Dilution
3 m

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-21T00:00:00.000Z

Reasoning: This broad intercept confirms continuity of the mineralised system, contributing to the resource update.

Positive factors

  • Broad mineralised zone
  • Confirms continuity of the broader mineralised system
  • Good grade for open pit mining

Evidence · text

“31m at 1.29g/t Au from 133m in ALRC070”

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

Compositing Transparentpositive

Cut-off grade and internal dilution rules are clearly stated for reported intervals.

Why it applies: cutoff_grade and internal dilution are both stated

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "resource"

ALRC073London-Victoria · goldGrade: 0.87Grade Unit: g/tIntercept: 38 mView all details
Link to this fact

Identity

Hole ID
ALRC073
Project
London-Victoria
Commodity
gold
Region
australia_nsw
Reported Region
australia_nsw
Ticker
ADD

Geometry

Grade
0.87
Grade Unit
g/t
Intercept
38 m
From
138 m
To
176 m
Hole Depth
234 m
Intercept Depth
138 m

Classification

Program
resource
Sample Type
drill
Group ID
ALRC073:138-176
Mining Method
open_pit

Location

Location
Main Zone
Easting
605090
Northing
6329388
CRS
GDA94
Elevation
328.5 m
Azimuth
277 °
Dip
-64 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
On Site Laboratory Services (OSLS)
QA/QC Disclosed
Yes
QP Signed
No
QA/QC Methods
standards, blanks, duplicates, check_assays

Compositing

Cutoff Grade
0.3
Cutoff Unit
g/t
Dilution Disclosed
Yes
Max Dilution
3 m

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-21T00:00:00.000Z

Reasoning: This broad intercept confirms continuity of the mineralised system, contributing to the resource update.

Positive factors

  • Broad mineralised zone
  • Confirms continuity of the broader mineralised system
  • Good grade for open pit mining

Evidence · text

“38m at 0.87g/t Au from 138m, including 7m at 2.16g/t Au in ALRC073”

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

Compositing Transparentpositive

Cut-off grade and internal dilution rules are clearly stated for reported intervals.

Why it applies: cutoff_grade and internal dilution are both stated

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "resource"

ALRC073London-Victoria · goldGrade: 2.16Grade Unit: g/tIntercept: 7 mView all details
Link to this fact

Identity

Hole ID
ALRC073
Project
London-Victoria
Commodity
gold
Region
australia_nsw
Reported Region
australia_nsw
Ticker
ADD

Geometry

Grade
2.16
Grade Unit
g/t
Intercept
7 m
From
138 m
To
145 m
Hole Depth
234 m
Intercept Depth
138 m

Classification

Program
resource
Sample Type
drill
Group ID
ALRC073:138-145
Mining Method
open_pit

Location

Location
Main Zone
Easting
605090
Northing
6329388
CRS
GDA94
Elevation
328.5 m
Azimuth
277 °
Dip
-64 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
On Site Laboratory Services (OSLS)
QA/QC Disclosed
Yes
QP Signed
No
QA/QC Methods
standards, blanks, duplicates, check_assays

Compositing

Cutoff Grade
0.3
Cutoff Unit
g/t
Dilution Disclosed
Yes
Max Dilution
3 m

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-21T00:00:00.000Z

Reasoning: This high-grade sub-interval confirms continuity of the mineralised system, contributing to the resource update.

Positive factors

  • High-grade sub-interval
  • Confirms continuity of the broader mineralised system

Evidence · text

“7m at 2.16g/t Au in ALRC073”

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

Compositing Transparentpositive

Cut-off grade and internal dilution rules are clearly stated for reported intervals.

Why it applies: cutoff_grade and internal dilution are both stated

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "resource"

ALRC075London-Victoria · goldGrade: 0.96Grade Unit: g/tIntercept: 38 mView all details
Link to this fact

Identity

Hole ID
ALRC075
Project
London-Victoria
Commodity
gold
Region
australia_nsw
Reported Region
australia_nsw
Ticker
ADD

Geometry

Grade
0.96
Grade Unit
g/t
Intercept
38 m
From
142 m
To
180 m
Hole Depth
234 m
Intercept Depth
142 m

Classification

Program
resource
Sample Type
drill
Group ID
ALRC075:142-180
Mining Method
open_pit

Location

Location
Main Zone
Easting
605000
Northing
6329243
CRS
GDA94
Elevation
324 m
Azimuth
278 °
Dip
-64 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
On Site Laboratory Services (OSLS)
QA/QC Disclosed
Yes
QP Signed
No
QA/QC Methods
standards, blanks, duplicates, check_assays

Compositing

Cutoff Grade
0.3
Cutoff Unit
g/t
Dilution Disclosed
Yes
Max Dilution
3 m

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-21T00:00:00.000Z

Reasoning: This broad intercept confirms continuity of the mineralised system, contributing to the resource update.

Positive factors

  • Broad mineralised zone
  • Confirms continuity of the broader mineralised system
  • Good grade for open pit mining

Evidence · text

“38m at 0.96g/t Au from 142m in ALRC075”

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

Compositing Transparentpositive

Cut-off grade and internal dilution rules are clearly stated for reported intervals.

Why it applies: cutoff_grade and internal dilution are both stated

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "resource"

ALRC076London-Victoria · goldGrade: 4Grade Unit: g/tIntercept: 19 mView all details
Link to this fact

Identity

Hole ID
ALRC076
Project
London-Victoria
Commodity
gold
Region
australia_nsw
Reported Region
australia_nsw
Ticker
ADD

Geometry

Grade
4
Grade Unit
g/t
Intercept
19 m
From
148 m
To
167 m
Hole Depth
204 m
Intercept Depth
148 m

Classification

Program
resource
Sample Type
drill
Group ID
ALRC076:148-167
Mining Method
open_pit

Location

Location
Main Zone
Easting
605035
Northing
6329286
CRS
GDA94
Elevation
325.5 m
Azimuth
280 °
Dip
-55 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
On Site Laboratory Services (OSLS)
QA/QC Disclosed
Yes
QP Signed
No
QA/QC Methods
standards, blanks, duplicates, check_assays

Compositing

Cutoff Grade
0.3
Cutoff Unit
g/t
Dilution Disclosed
Yes
Max Dilution
3 m

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-21T00:00:00.000Z

Reasoning: This high-grade intercept confirms continuity of the mineralised system and matches the prior best grade x metres, significantly contributing to the resource update.

Positive factors

  • High-grade intercept
  • Confirms continuity of the broader mineralised system
  • Matches prior best grade x metres

Evidence · text

“19m at 4.00g/t Au from 148m, including 4m at 15.02g/t Au and 1m at 52.6g/t Au in ALRC076”

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

Compositing Transparentpositive

Cut-off grade and internal dilution rules are clearly stated for reported intervals.

Why it applies: cutoff_grade and internal dilution are both stated

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "resource"

ALRC076London-Victoria · goldGrade: 52.6Grade Unit: g/tIntercept: 1 mView all details
Link to this fact

Identity

Hole ID
ALRC076
Project
London-Victoria
Commodity
gold
Region
australia_nsw
Reported Region
australia_nsw
Ticker
ADD

Geometry

Grade
52.6
Grade Unit
g/t
Intercept
1 m
From
148 m
To
149 m
Hole Depth
204 m
Intercept Depth
148 m

Classification

Program
resource
Sample Type
drill
Group ID
ALRC076:148-149
Mining Method
open_pit

Location

Location
Main Zone
Easting
605035
Northing
6329286
CRS
GDA94
Elevation
325.5 m
Azimuth
280 °
Dip
-55 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
On Site Laboratory Services (OSLS)
QA/QC Disclosed
Yes
QP Signed
No
QA/QC Methods
standards, blanks, duplicates, check_assays

Compositing

Cutoff Grade
0.3
Cutoff Unit
g/t
Dilution Disclosed
Yes
Max Dilution
3 m

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-21T00:00:00.000Z

Reasoning: This bonanza grade sub-interval is highly material, exceeds the prior best grade, and confirms very high-grade mineralisation, significantly contributing to the resource update.

Positive factors

  • Bonanza Intercept
  • Exceptional grade for open pit mining
  • Exceeds prior best grade

Evidence · text

“1m at 52.6g/t Au in ALRC076”

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

Compositing Transparentpositive

Cut-off grade and internal dilution rules are clearly stated for reported intervals.

Why it applies: cutoff_grade and internal dilution are both stated

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "resource"

ALRC080London-Victoria · goldGrade: 1.01Grade Unit: g/tIntercept: 39 mView all details
Link to this fact

Identity

Hole ID
ALRC080
Project
London-Victoria
Commodity
gold
Region
australia_nsw
Reported Region
australia_nsw
Ticker
ADD

Geometry

Grade
1.01
Grade Unit
g/t
Intercept
39 m
From
140 m
To
179 m
Hole Depth
360 m
Intercept Depth
140 m

Classification

Program
resource
Sample Type
drill
Group ID
ALRC080:140-179
Mining Method
open_pit

Location

Location
Main Zone
Easting
604643
Northing
6328978
CRS
GDA94
Elevation
317 m
Azimuth
101 °
Dip
-48 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
On Site Laboratory Services (OSLS)
QA/QC Disclosed
Yes
QP Signed
No
QA/QC Methods
standards, blanks, duplicates, check_assays

Compositing

Cutoff Grade
0.3
Cutoff Unit
g/t
Dilution Disclosed
Yes
Max Dilution
3 m

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-21T00:00:00.000Z

Reasoning: This broad intercept confirms continuity of the mineralised system, contributing to the resource update.

Positive factors

  • Broad mineralised zone
  • Confirms continuity of the broader mineralised system
  • Good grade for open pit mining

Evidence · text

“39m at 1.01g/t Au from 140m and a separate 7m at 5.97g/t Au from 202m in ALRC080”

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

Compositing Transparentpositive

Cut-off grade and internal dilution rules are clearly stated for reported intervals.

Why it applies: cutoff_grade and internal dilution are both stated

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "resource"

ALRC080London-Victoria · goldGrade: 5.97Grade Unit: g/tIntercept: 7 mView all details
Link to this fact

Identity

Hole ID
ALRC080
Project
London-Victoria
Commodity
gold
Region
australia_nsw
Reported Region
australia_nsw
Ticker
ADD

Geometry

Grade
5.97
Grade Unit
g/t
Intercept
7 m
From
202 m
To
209 m
Hole Depth
360 m
Intercept Depth
202 m

Classification

Program
resource
Sample Type
drill
Group ID
ALRC080:202-209
Mining Method
open_pit

Location

Location
Main Zone
Easting
604643
Northing
6328978
CRS
GDA94
Elevation
317 m
Azimuth
101 °
Dip
-48 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
On Site Laboratory Services (OSLS)
QA/QC Disclosed
Yes
QP Signed
No
QA/QC Methods
standards, blanks, duplicates, check_assays

Compositing

Cutoff Grade
0.3
Cutoff Unit
g/t
Dilution Disclosed
Yes
Max Dilution
3 m

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-21T00:00:00.000Z

Reasoning: This high-grade intercept confirms continuity of the mineralised system, contributing to the resource update.

Positive factors

  • High-grade intercept
  • Confirms continuity of the broader mineralised system

Evidence · text

“7m at 5.97g/t Au from 202m in ALRC080”

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

Compositing Transparentpositive

Cut-off grade and internal dilution rules are clearly stated for reported intervals.

Why it applies: cutoff_grade and internal dilution are both stated

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "resource"

ALD003London-Victoria · goldGrade: 2.25Grade Unit: g/tIntercept: 20.95 mView all details
Link to this fact

Identity

Hole ID
ALD003
Project
London-Victoria
Commodity
gold
Region
australia_nsw
Reported Region
australia_nsw
Ticker
ADD

Geometry

Grade
2.25
Grade Unit
g/t
Intercept
20.95 m
From
278 m
To
298.95 m
Hole Depth
351 m
Intercept Depth
278 m

Classification

Program
resource
Sample Type
drill
Group ID
ALD003:278-298.95
Mining Method
open_pit

Location

Location
Main Zone
Easting
604968
Northing
6329115
CRS
GDA94
Elevation
321 m
Azimuth
234 °
Dip
-51 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
On Site Laboratory Services (OSLS)
QA/QC Disclosed
Yes
QP Signed
No
QA/QC Methods
standards, blanks, duplicates, check_assays

Compositing

Cutoff Grade
0.3
Cutoff Unit
g/t
Dilution Disclosed
Yes
Max Dilution
3 m

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-21T00:00:00.000Z

Reasoning: This intercept confirms continuity of the mineralised system, contributing to the resource update.

Positive factors

  • Confirms continuity of the broader mineralised system
  • Good grade for open pit mining

Evidence · text

“20.95m at 2.25g/t Au from 278m, including 10m at 3.69g/t Au in ALD003”

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

Compositing Transparentpositive

Cut-off grade and internal dilution rules are clearly stated for reported intervals.

Why it applies: cutoff_grade and internal dilution are both stated

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "resource"

ALD003London-Victoria · goldGrade: 3.69Grade Unit: g/tIntercept: 10 mView all details
Link to this fact

Identity

Hole ID
ALD003
Project
London-Victoria
Commodity
gold
Region
australia_nsw
Reported Region
australia_nsw
Ticker
ADD

Geometry

Grade
3.69
Grade Unit
g/t
Intercept
10 m
From
278 m
To
288 m
Hole Depth
351 m
Intercept Depth
278 m

Classification

Program
resource
Sample Type
drill
Group ID
ALD003:278-288
Mining Method
open_pit

Location

Location
Main Zone
Easting
604968
Northing
6329115
CRS
GDA94
Elevation
321 m
Azimuth
234 °
Dip
-51 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
On Site Laboratory Services (OSLS)
QA/QC Disclosed
Yes
QP Signed
No
QA/QC Methods
standards, blanks, duplicates, check_assays

Compositing

Cutoff Grade
0.3
Cutoff Unit
g/t
Dilution Disclosed
Yes
Max Dilution
3 m

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-21T00:00:00.000Z

Reasoning: This high-grade sub-interval confirms continuity of the mineralised system, contributing to the resource update.

Positive factors

  • High-grade sub-interval
  • Confirms continuity of the broader mineralised system

Evidence · text

“10m at 3.69g/t Au in ALD003”

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

Compositing Transparentpositive

Cut-off grade and internal dilution rules are clearly stated for reported intervals.

Why it applies: cutoff_grade and internal dilution are both stated

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "resource"

Resource Estimates (22)

indicatedParkes Gold Project · goldTonnes: 1560000Grade: 0.59Grade Unit: g/tContained Metal: 29500Contained Unit: ozView all details
Link to this fact

Identity

Project
Parkes Gold Project
Commodity
gold
Ticker
ADD

Resource scope

Estimate type
resource
Effective date
2026-09-01T00:00:00.000Z
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Mark Berry
Resource group id
resource:1f9d63ceb7a0a3a46621
Deposit or zone
London-Victoria
Material type
oxide

Resource Data

Category
indicated
Tonnes
1560000
Grade
0.59
Grade Unit
g/t
Contained Metal
29500
Contained Unit
oz
Cutoff Grade
0.2
Cutoff Unit
g/t Au

Prior Estimate

Resource Date
2026-09-01
Prior Tonnes
3800000
Prior Grade
0.95
Prior Contained Metal
115000

Lab

Laboratory
On Site Laboratory Services (OSLS)

Location

CRS
GDA94
Loc. Confidence
medium

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-21T00:00:00.000Z

Reasoning: This Indicated Oxide resource at London-Victoria contributes to the overall significant resource growth and is part of the first update incorporating modern drilling, enhancing confidence.

Positive factors

  • Part of a significant resource increase
  • Indicated category provides higher confidence
  • First resource update incorporating modern drilling

Evidence · table

“0.59”

Context: 1.56

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

Tonnage Declinenegative

Resource tonnage decreased vs prior estimate — pit optimization removed marginal material or geological model revised down.

Why it applies: 1560000 against 3800000 previously

Grade Declinenegative

Average grade dropped >5% vs prior estimate — deposit economics worsening. May indicate high-grading in early drilling.

Why it applies: 0.59 against 0.95 previously

Contained Metal Declinenegative

Contained metal decreased vs prior despite tonnage growth — grade dilution exceeds volume gain.

Why it applies: 29500 against 115000 previously

inferredParkes Gold Project · goldTonnes: 690000Grade: 0.86Grade Unit: g/tContained Metal: 19300Contained Unit: ozView all details
Link to this fact

Identity

Project
Parkes Gold Project
Commodity
gold
Ticker
ADD

Resource scope

Estimate type
resource
Effective date
2026-09-01T00:00:00.000Z
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Mark Berry
Resource group id
resource:dadb5237820b292015ad
Deposit or zone
London-Victoria
Material type
oxide

Resource Data

Category
inferred
Tonnes
690000
Grade
0.86
Grade Unit
g/t
Contained Metal
19300
Contained Unit
oz
Cutoff Grade
0.2
Cutoff Unit
g/t Au

Prior Estimate

Resource Date
2026-09-01
Prior Tonnes
3800000
Prior Grade
0.95
Prior Contained Metal
115000

Lab

Laboratory
On Site Laboratory Services (OSLS)

Location

CRS
GDA94
Loc. Confidence
medium

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-21T00:00:00.000Z

Reasoning: This Inferred Oxide resource at London-Victoria contributes to the overall significant resource growth and is part of the first update incorporating modern drilling, enhancing confidence.

Positive factors

  • Part of a significant resource increase
  • First resource update incorporating modern drilling

Evidence · table

“0.86”

Context: 0.69

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

Tonnage Declinenegative

Resource tonnage decreased vs prior estimate — pit optimization removed marginal material or geological model revised down.

Why it applies: 690000 against 3800000 previously

Grade Declinenegative

Average grade dropped >5% vs prior estimate — deposit economics worsening. May indicate high-grading in early drilling.

Why it applies: 0.86 against 0.95 previously

Contained Metal Declinenegative

Contained metal decreased vs prior despite tonnage growth — grade dilution exceeds volume gain.

Why it applies: 19300 against 115000 previously

indicatedParkes Gold Project · goldTonnes: 4130000Grade: 0.73Grade Unit: g/tContained Metal: 96700Contained Unit: ozView all details
Link to this fact

Identity

Project
Parkes Gold Project
Commodity
gold
Ticker
ADD

Resource scope

Estimate type
resource
Effective date
2026-09-01T00:00:00.000Z
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Mark Berry
Resource group id
resource:fe8ab8a7f067bafe55ef
Deposit or zone
London-Victoria
Material type
sulphide

Resource Data

Category
indicated
Tonnes
4130000
Grade
0.73
Grade Unit
g/t
Contained Metal
96700
Contained Unit
oz
Cutoff Grade
0.25
Cutoff Unit
g/t Au

Prior Estimate

Resource Date
2026-09-01
Prior Tonnes
3800000
Prior Grade
0.95
Prior Contained Metal
115000

Lab

Laboratory
On Site Laboratory Services (OSLS)

Location

CRS
GDA94
Loc. Confidence
medium

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-21T00:00:00.000Z

Reasoning: This Indicated Sulphide resource at London-Victoria significantly contributes to the overall resource growth and is part of the first update incorporating modern drilling, enhancing confidence.

Positive factors

  • Part of a significant resource increase
  • Indicated category provides higher confidence
  • First resource update incorporating modern drilling

Evidence · table

“0.73”

Context: 4.13

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

Grade Declinenegative

Average grade dropped >5% vs prior estimate — deposit economics worsening. May indicate high-grading in early drilling.

Why it applies: 0.73 against 0.95 previously

Contained Metal Declinenegative

Contained metal decreased vs prior despite tonnage growth — grade dilution exceeds volume gain.

Why it applies: 96700 against 115000 previously

Dilutive Growthnegative

Tonnage increased but contained metal flat or down — likely from lower cut-off grade, not geological expansion.

Why it applies: tonnage rose while contained metal went 96700 from 115000

inferredParkes Gold Project · goldTonnes: 3360000Grade: 1.08Grade Unit: g/tContained Metal: 117200Contained Unit: ozView all details
Link to this fact

Identity

Project
Parkes Gold Project
Commodity
gold
Ticker
ADD

Resource scope

Estimate type
resource
Effective date
2026-09-01T00:00:00.000Z
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Mark Berry
Resource group id
resource:fc05054af2fccd2c2c51
Deposit or zone
London-Victoria
Material type
sulphide

Resource Data

Category
inferred
Tonnes
3360000
Grade
1.08
Grade Unit
g/t
Contained Metal
117200
Contained Unit
oz
Cutoff Grade
0.25
Cutoff Unit
g/t Au

Prior Estimate

Resource Date
2026-09-01
Prior Tonnes
3800000
Prior Grade
0.95
Prior Contained Metal
115000

Lab

Laboratory
On Site Laboratory Services (OSLS)

Location

CRS
GDA94
Loc. Confidence
medium

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-21T00:00:00.000Z

Reasoning: This Inferred Sulphide resource at London-Victoria contributes to the overall significant resource growth and is part of the first update incorporating modern drilling, enhancing confidence.

Positive factors

  • Part of a significant resource increase
  • Higher grade than oxide material
  • First resource update incorporating modern drilling

Evidence · table

“1.08”

Context: 3.36

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

Tonnage Declinenegative

Resource tonnage decreased vs prior estimate — pit optimization removed marginal material or geological model revised down.

Why it applies: 3360000 against 3800000 previously

Grade Improvementpositive

Average resource grade improved vs prior estimate — better deposit economics.

Why it applies: 1.08 against 0.95 previously

indicatedParkes Gold Project · goldTonnes: 5690000Grade: 0.69Grade Unit: g/tContained Metal: 126200Contained Unit: ozView all details
Link to this fact

Identity

Project
Parkes Gold Project
Commodity
gold
Ticker
ADD

Resource scope

Estimate type
resource
Effective date
2026-09-01T00:00:00.000Z
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Mark Berry
Resource group id
resource:05e8c01d34ae7b826346
Deposit or zone
London-Victoria
Material type
Various

Resource Data

Category
indicated
Tonnes
5690000
Grade
0.69
Grade Unit
g/t
Contained Metal
126200
Contained Unit
oz
Cutoff Grade
0.2
Cutoff Unit
g/t Au

Prior Estimate

Resource Date
2026-09-01
Prior Tonnes
3800000
Prior Grade
0.95
Prior Contained Metal
115000

Lab

Laboratory
On Site Laboratory Services (OSLS)

Location

CRS
GDA94
Loc. Confidence
medium

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-21T00:00:00.000Z

Reasoning: The Indicated resource at London-Victoria represents a substantial portion of the total, providing a strong technical foundation for future development studies and reflecting the impact of modern drilling.

Positive factors

  • Significant portion of the resource is Indicated
  • Provides a stronger technical foundation for studies
  • First resource update incorporating modern drilling

Evidence · table

“0.69”

Context: 5.69

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

Tonnage Growthpositive

Significant tonnage increase (≥15%) vs prior estimate with grade maintained or improved.

Why it applies: 5690000 against 3800000 previously

Grade Declinenegative

Average grade dropped >5% vs prior estimate — deposit economics worsening. May indicate high-grading in early drilling.

Why it applies: 0.69 against 0.95 previously

Contained Metal Growthpositive

True scale improvement — contained metal ounces/tonnes increased vs prior, accounting for both tonnage and grade changes.

Why it applies: 126200 against 115000 previously

inferredParkes Gold Project · goldTonnes: 4060000Grade: 1.05Grade Unit: g/tContained Metal: 136500Contained Unit: ozView all details
Link to this fact

Identity

Project
Parkes Gold Project
Commodity
gold
Ticker
ADD

Resource scope

Estimate type
resource
Effective date
2026-09-01T00:00:00.000Z
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Mark Berry
Resource group id
resource:7c57e4b78eb4c2f3ef78
Deposit or zone
London-Victoria
Material type
Various

Resource Data

Category
inferred
Tonnes
4060000
Grade
1.05
Grade Unit
g/t
Contained Metal
136500
Contained Unit
oz
Cutoff Grade
0.2
Cutoff Unit
g/t Au

Prior Estimate

Resource Date
2026-09-01
Prior Tonnes
3800000
Prior Grade
0.95
Prior Contained Metal
115000

Lab

Laboratory
On Site Laboratory Services (OSLS)

Location

CRS
GDA94
Loc. Confidence
medium

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-21T00:00:00.000Z

Reasoning: The Inferred resource at London-Victoria contributes significantly to the total resource growth and is part of the first update incorporating modern drilling, enhancing confidence.

Positive factors

  • Significant portion of the resource is Inferred
  • Higher grade than Indicated material
  • First resource update incorporating modern drilling

Evidence · table

“1.05”

Context: 4.06

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

Grade Improvementpositive

Average resource grade improved vs prior estimate — better deposit economics.

Why it applies: 1.05 against 0.95 previously

Contained Metal Growthpositive

True scale improvement — contained metal ounces/tonnes increased vs prior, accounting for both tonnage and grade changes.

Why it applies: 136500 against 115000 previously

inferredParkes Gold Project · goldTonnes: 9740000Grade: 0.84Grade Unit: g/tContained Metal: 262700Contained Unit: ozView all details
Link to this fact

Identity

Project
Parkes Gold Project
Commodity
gold
Ticker
ADD

Resource scope

Estimate type
resource
Effective date
2026-09-01T00:00:00.000Z
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Mark Berry
Resource group id
resource:cc2026be4c748a51fd9a
Deposit or zone
London-Victoria
Material type
Various

Resource Data

Category
inferred
Tonnes
9740000
Grade
0.84
Grade Unit
g/t
Contained Metal
262700
Contained Unit
oz
Cutoff Grade
0.2
Cutoff Unit
g/t Au

Prior Estimate

Resource Date
2026-09-01
Prior Tonnes
3800000
Prior Grade
0.95
Prior Contained Metal
115000

Lab

Laboratory
On Site Laboratory Services (OSLS)

Location

CRS
GDA94
Loc. Confidence
medium

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-21T00:00:00.000Z

Reasoning: The London-Victoria resource has more than doubled, representing a 228% growth in contained gold, which is highly material and novel as it incorporates Adavale's modern drilling.

Positive factors

  • London-Victoria resource more than doubled
  • Significant contained gold increase (228%)
  • First resource update incorporating modern drilling

Evidence · table

“0.84”

Context: 9.74

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

Tonnage Growthpositive

Significant tonnage increase (≥15%) vs prior estimate with grade maintained or improved.

Why it applies: 9740000 against 3800000 previously

Grade Declinenegative

Average grade dropped >5% vs prior estimate — deposit economics worsening. May indicate high-grading in early drilling.

Why it applies: 0.84 against 0.95 previously

Contained Metal Growthpositive

True scale improvement — contained metal ounces/tonnes increased vs prior, accounting for both tonnage and grade changes.

Why it applies: 262700 against 115000 previously

inferredParkes Gold Project · goldTonnes: 670000Grade: 0.77Grade Unit: g/tContained Metal: 16600Contained Unit: ozView all details
Link to this fact

Identity

Project
Parkes Gold Project
Commodity
gold
Ticker
ADD

Resource scope

Estimate type
resource
Effective date
2026-09-01T00:00:00.000Z
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Mark Berry
Resource group id
resource:4805de38431eadcc0d53
Deposit or zone
Victoria South
Material type
oxide

Resource Data

Category
inferred
Tonnes
670000
Grade
0.77
Grade Unit
g/t
Contained Metal
16600
Contained Unit
oz
Cutoff Grade
0.2
Cutoff Unit
g/t Au

Prior Estimate

Resource Date
2026-09-01

Lab

Laboratory
On Site Laboratory Services (OSLS)

Location

CRS
GDA94
Loc. Confidence
medium

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-21T00:00:00.000Z

Reasoning: Victoria South represents a new Inferred resource, contributing to the overall resource growth and expanding the project's footprint.

Positive factors

  • New Inferred Mineral Resource
  • Expands the resource base beyond the historic mine

Evidence · table

“0.77”

Context: 0.67

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

inferredParkes Gold Project · goldTonnes: 50000Grade: 0.88Grade Unit: g/tContained Metal: 1400Contained Unit: ozView all details
Link to this fact

Identity

Project
Parkes Gold Project
Commodity
gold
Ticker
ADD

Resource scope

Estimate type
resource
Effective date
2026-09-01T00:00:00.000Z
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Mark Berry
Resource group id
resource:3effab991e2716a15fdb
Deposit or zone
Victoria South
Material type
sulphide

Resource Data

Category
inferred
Tonnes
50000
Grade
0.88
Grade Unit
g/t
Contained Metal
1400
Contained Unit
oz
Cutoff Grade
0.25
Cutoff Unit
g/t Au

Prior Estimate

Resource Date
2026-09-01

Lab

Laboratory
On Site Laboratory Services (OSLS)

Location

CRS
GDA94
Loc. Confidence
medium

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-21T00:00:00.000Z

Reasoning: Victoria South represents a new Inferred resource, contributing to the overall resource growth and expanding the project's footprint.

Positive factors

  • New Inferred Mineral Resource
  • Expands the resource base beyond the historic mine

Evidence · table

“0.88”

Context: 0.05

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

inferredParkes Gold Project · goldTonnes: 720000Grade: 0.78Grade Unit: g/tContained Metal: 18000Contained Unit: ozView all details
Link to this fact

Identity

Project
Parkes Gold Project
Commodity
gold
Ticker
ADD

Resource scope

Estimate type
resource
Effective date
2026-09-01T00:00:00.000Z
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Mark Berry
Resource group id
resource:64b8040d56771d945f3f
Deposit or zone
Victoria South
Material type
Various

Resource Data

Category
inferred
Tonnes
720000
Grade
0.78
Grade Unit
g/t
Contained Metal
18000
Contained Unit
oz
Cutoff Grade
0.2
Cutoff Unit
g/t Au

Prior Estimate

Resource Date
2026-09-01

Lab

Laboratory
On Site Laboratory Services (OSLS)

Location

CRS
GDA94
Loc. Confidence
medium

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-21T00:00:00.000Z

Reasoning: Victoria South represents a new Inferred resource, contributing to the overall resource growth and expanding the project's footprint.

Positive factors

  • New Inferred Mineral Resource
  • Expands the resource base beyond the historic mine

Evidence · table

“0.78”

Context: 0.72

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

inferredParkes Gold Project · goldTonnes: 2120000Grade: 0.76Grade Unit: g/tContained Metal: 51800Contained Unit: ozView all details
Link to this fact

Identity

Project
Parkes Gold Project
Commodity
gold
Ticker
ADD

Resource scope

Estimate type
resource
Effective date
2026-09-01T00:00:00.000Z
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Mark Berry
Resource group id
resource:148c8880f9340a5915b5
Deposit or zone
Armstrongs
Material type
oxide

Resource Data

Category
inferred
Tonnes
2120000
Grade
0.76
Grade Unit
g/t
Contained Metal
51800
Contained Unit
oz
Cutoff Grade
0.2
Cutoff Unit
g/t Au

Prior Estimate

Resource Date
2026-09-01

Lab

Laboratory
On Site Laboratory Services (OSLS)

Location

CRS
GDA94
Loc. Confidence
medium

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-21T00:00:00.000Z

Reasoning: Armstrongs represents a new Inferred resource, contributing to the overall resource growth and expanding the project's footprint, though with some uncertainty regarding bulk density.

Positive factors

  • New Inferred Mineral Resource
  • Expands the resource base beyond the historic mine

Negative factors

  • Assumed bulk density not based on actual measurements

Evidence · table

“0.76”

Context: 2.12

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

indicatedParkes Gold Project · goldTonnes: 1560000Grade: 0.59Grade Unit: g/tContained Metal: 29500Contained Unit: ozView all details
Link to this fact

Identity

Project
Parkes Gold Project
Commodity
gold
Ticker
ADD

Resource scope

Estimate type
resource
Effective date
2026-09-01T00:00:00.000Z
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Mark Berry
Resource group id
resource:86f15c79d696f4a82992
Deposit or zone
London-Victoria and Satellite Deposits Combined
Material type
oxide

Resource Data

Category
indicated
Tonnes
1560000
Grade
0.59
Grade Unit
g/t
Contained Metal
29500
Contained Unit
oz
Cutoff Grade
0.2
Cutoff Unit
g/t Au

Prior Estimate

Resource Date
2026-09-01

Lab

Laboratory
On Site Laboratory Services (OSLS)

Location

CRS
GDA94
Loc. Confidence
medium

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-21T00:00:00.000Z

Reasoning: This Indicated Oxide resource contributes to the overall significant resource growth and is part of the first update incorporating modern drilling, enhancing confidence.

Positive factors

  • Part of a significant resource increase
  • Indicated category provides higher confidence
  • First resource update incorporating modern drilling

Evidence · table

“0.59”

Context: 1.56

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

inferredParkes Gold Project · goldTonnes: 3480000Grade: 0.78Grade Unit: g/tContained Metal: 87700Contained Unit: ozView all details
Link to this fact

Identity

Project
Parkes Gold Project
Commodity
gold
Ticker
ADD

Resource scope

Estimate type
resource
Effective date
2026-09-01T00:00:00.000Z
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Mark Berry
Resource group id
resource:78b817cfcc0d94f47f46
Deposit or zone
London-Victoria and Satellite Deposits Combined
Material type
oxide

Resource Data

Category
inferred
Tonnes
3480000
Grade
0.78
Grade Unit
g/t
Contained Metal
87700
Contained Unit
oz
Cutoff Grade
0.2
Cutoff Unit
g/t Au

Prior Estimate

Resource Date
2026-09-01

Lab

Laboratory
On Site Laboratory Services (OSLS)

Location

CRS
GDA94
Loc. Confidence
medium

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-21T00:00:00.000Z

Reasoning: This Inferred Oxide resource contributes to the overall significant resource growth and is part of the first update incorporating modern drilling, enhancing confidence.

Positive factors

  • Part of a significant resource increase
  • First resource update incorporating modern drilling

Evidence · table

“0.78”

Context: 3.48

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

indicatedParkes Gold Project · goldTonnes: 4130000Grade: 0.73Grade Unit: g/tContained Metal: 96700Contained Unit: ozView all details
Link to this fact

Identity

Project
Parkes Gold Project
Commodity
gold
Ticker
ADD

Resource scope

Estimate type
resource
Effective date
2026-09-01T00:00:00.000Z
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Mark Berry
Resource group id
resource:489277fd3c22a0308fdd
Deposit or zone
London-Victoria and Satellite Deposits Combined
Material type
sulphide

Resource Data

Category
indicated
Tonnes
4130000
Grade
0.73
Grade Unit
g/t
Contained Metal
96700
Contained Unit
oz
Cutoff Grade
0.25
Cutoff Unit
g/t Au

Prior Estimate

Resource Date
2026-09-01

Lab

Laboratory
On Site Laboratory Services (OSLS)

Location

CRS
GDA94
Loc. Confidence
medium

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-21T00:00:00.000Z

Reasoning: This Indicated Sulphide resource contributes to the overall significant resource growth and is part of the first update incorporating modern drilling, enhancing confidence.

Positive factors

  • Part of a significant resource increase
  • Indicated category provides higher confidence
  • First resource update incorporating modern drilling

Evidence · table

“0.73”

Context: 4.13

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

inferredParkes Gold Project · goldTonnes: 3410000Grade: 1.08Grade Unit: g/tContained Metal: 118600Contained Unit: ozView all details
Link to this fact

Identity

Project
Parkes Gold Project
Commodity
gold
Ticker
ADD

Resource scope

Estimate type
resource
Effective date
2026-09-01T00:00:00.000Z
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Mark Berry
Resource group id
resource:ff8701a8ec6faf364fcf
Deposit or zone
London-Victoria and Satellite Deposits Combined
Material type
sulphide

Resource Data

Category
inferred
Tonnes
3410000
Grade
1.08
Grade Unit
g/t
Contained Metal
118600
Contained Unit
oz
Cutoff Grade
0.25
Cutoff Unit
g/t Au

Prior Estimate

Resource Date
2026-09-01

Lab

Laboratory
On Site Laboratory Services (OSLS)

Location

CRS
GDA94
Loc. Confidence
medium

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-21T00:00:00.000Z

Reasoning: This Inferred Sulphide resource contributes to the overall significant resource growth and is part of the first update incorporating modern drilling, enhancing confidence.

Positive factors

  • Part of a significant resource increase
  • Higher grade than Indicated material
  • First resource update incorporating modern drilling

Evidence · table

“1.08”

Context: 3.41

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

inferredParkes Gold Project · goldTonnes: 12580000Grade: 0.82Grade Unit: g/tContained Metal: 332500Contained Unit: ozView all details
Link to this fact

Identity

Project
Parkes Gold Project
Commodity
gold
Ticker
ADD

Resource scope

Estimate type
resource
Effective date
2026-09-01T00:00:00.000Z
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Mark Berry
Resource group id
resource:8476a9f61efa861fd838
Deposit or zone
London-Victoria and Satellite Deposits Combined
Material type
Various

Resource Data

Category
inferred
Tonnes
12580000
Grade
0.82
Grade Unit
g/t
Contained Metal
332500
Contained Unit
oz
Cutoff Grade
0.2
Cutoff Unit
g/t Au

Prior Estimate

Resource Date
2026-09-01

Lab

Laboratory
On Site Laboratory Services (OSLS)

Location

CRS
GDA94
Loc. Confidence
medium

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-21T00:00:00.000Z

Reasoning: The combined resource for London-Victoria and satellite deposits shows significant growth, providing a strong foundation for future development studies and reflecting the impact of modern drilling.

Positive factors

  • Significant combined resource increase
  • Provides a strong foundation for future studies
  • First resource update incorporating modern drilling

Evidence · table

“0.82”

Context: 12.58

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

inferredParkes Gold Project · goldTonnes: 9740000Grade: 0.84Grade Unit: g/tContained Metal: 262700Contained Unit: ozView all details
Link to this fact

Identity

Project
Parkes Gold Project
Commodity
gold
Ticker
ADD

Resource scope

Estimate type
resource
Effective date
2026-09-01T00:00:00.000Z
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Mark Berry
Resource group id
resource:ea1ab68c5ffcd4d5215d
Deposit or zone
London-Victoria

Resource Data

Category
inferred
Tonnes
9740000
Grade
0.84
Grade Unit
g/t
Contained Metal
262700
Contained Unit
oz

Prior Estimate

Resource Date
2026-09-01

Lab

Laboratory
On Site Laboratory Services (OSLS)

Location

CRS
GDA94
Loc. Confidence
medium

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-21T00:00:00.000Z

Reasoning: The London-Victoria resource has more than doubled, representing a 228% growth in contained gold, which is highly material and novel as it incorporates Adavale's modern drilling.

Positive factors

  • London-Victoria resource more than doubled
  • Significant contained gold increase (228%)
  • First resource update incorporating modern drilling

Evidence · table

“0.84g/t Au”

Context: 9.74Mt

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 Undisclosednegative

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

Why it applies: no cutoff_grade was 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

inferredParkes Gold Project · goldTonnes: 720000Grade: 0.78Grade Unit: g/tContained Metal: 18000Contained Unit: ozView all details
Link to this fact

Identity

Project
Parkes Gold Project
Commodity
gold
Ticker
ADD

Resource scope

Estimate type
resource
Effective date
2026-09-01T00:00:00.000Z
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Mark Berry
Resource group id
resource:ad62e344a518e11e7aac
Deposit or zone
Victoria South

Resource Data

Category
inferred
Tonnes
720000
Grade
0.78
Grade Unit
g/t
Contained Metal
18000
Contained Unit
oz

Prior Estimate

Resource Date
2026-09-01

Lab

Laboratory
On Site Laboratory Services (OSLS)

Location

CRS
GDA94
Loc. Confidence
medium

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-21T00:00:00.000Z

Reasoning: Victoria South represents a new Inferred resource, contributing to the overall resource growth and expanding the project's footprint.

Positive factors

  • New Inferred Mineral Resource
  • Expands the resource base beyond the historic mine

Evidence · table

“0.78g/t Au”

Context: 0.72Mt

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 Undisclosednegative

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

Why it applies: no cutoff_grade was 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

inferredParkes Gold Project · goldTonnes: 2120000Grade: 0.76Grade Unit: g/tContained Metal: 51800Contained Unit: ozView all details
Link to this fact

Identity

Project
Parkes Gold Project
Commodity
gold
Ticker
ADD

Resource scope

Estimate type
resource
Effective date
2026-09-01T00:00:00.000Z
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Mark Berry
Resource group id
resource:0bfbeb02a45cd8e8e7c1
Deposit or zone
Armstrongs

Resource Data

Category
inferred
Tonnes
2120000
Grade
0.76
Grade Unit
g/t
Contained Metal
51800
Contained Unit
oz

Prior Estimate

Resource Date
2026-09-01

Lab

Laboratory
On Site Laboratory Services (OSLS)

Location

CRS
GDA94
Loc. Confidence
medium

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-21T00:00:00.000Z

Reasoning: Armstrongs represents a new Inferred resource, contributing to the overall resource growth and expanding the project's footprint, though with some uncertainty regarding bulk density.

Positive factors

  • New Inferred Mineral Resource
  • Expands the resource base beyond the historic mine

Negative factors

  • Assumed bulk density not based on actual measurements

Evidence · table

“0.76g/t Au”

Context: 2.12Mt

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 Undisclosednegative

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

Why it applies: no cutoff_grade was 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

inferredParkes Gold Project · goldTonnes: 12580000Grade: 0.82Grade Unit: g/tContained Metal: 332500Contained Unit: ozView all details
Link to this fact

Identity

Project
Parkes Gold Project
Commodity
gold
Ticker
ADD

Resource scope

Estimate type
resource
Effective date
2026-09-01T00:00:00.000Z
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Mark Berry
Resource group id
resource:6e5ee0f790a28178bfd3
Deposit or zone
Combined subtotal

Resource Data

Category
inferred
Tonnes
12580000
Grade
0.82
Grade Unit
g/t
Contained Metal
332500
Contained Unit
oz

Prior Estimate

Resource Date
2026-09-01

Lab

Laboratory
On Site Laboratory Services (OSLS)

Location

CRS
GDA94
Loc. Confidence
medium

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-21T00:00:00.000Z

Reasoning: The combined resource for London-Victoria and satellite deposits shows significant growth, providing a strong foundation for future development studies and reflecting the impact of modern drilling.

Positive factors

  • Significant combined resource increase
  • Provides a strong foundation for future studies
  • First resource update incorporating modern drilling

Evidence · table

“0.82g/t Au”

Context: 12.58Mt

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 Undisclosednegative

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

Why it applies: no cutoff_grade was 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

inferredParkes Gold Project · goldTonnes: 870000Grade: 1.83Grade Unit: g/tContained Metal: 50800Contained Unit: ozView all details
Link to this fact

Identity

Project
Parkes Gold Project
Commodity
gold
Ticker
ADD

Resource scope

Estimate type
resource
Effective date
2026-09-01T00:00:00.000Z
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Mark Berry
Resource group id
resource:f93d6ee147a2805795c8
Deposit or zone
Calarie

Resource Data

Category
inferred
Tonnes
870000
Grade
1.83
Grade Unit
g/t
Contained Metal
50800
Contained Unit
oz

Prior Estimate

Resource Date
2026-09-01

Lab

Laboratory
On Site Laboratory Services (OSLS)

Location

CRS
GDA94
Loc. Confidence
medium

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-21T00:00:00.000Z

Reasoning: Calarie provides a higher-grade satellite deposit that can potentially serve as supplementary feed for future development, though it is an existing resource.

Positive factors

  • Higher average resource grade
  • Granted mining tenure

Evidence · table

“1.83g/t Au”

Context: 0.87Mt

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 Undisclosednegative

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

Why it applies: no cutoff_grade was 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

inferredParkes Gold Project · goldTonnes: 13450000Grade: 0.89Grade Unit: g/tContained Metal: 383300Contained Unit: ozView all details
Link to this fact

Identity

Project
Parkes Gold Project
Commodity
gold
Ticker
ADD

Resource scope

Estimate type
resource
Effective date
2026-09-01T00:00:00.000Z
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Mark Berry
Resource group id
resource:153d148304225625c3a6
Deposit or zone
Total Parkes inventory

Resource Data

Category
inferred
Tonnes
13450000
Grade
0.89
Grade Unit
g/t
Contained Metal
383300
Contained Unit
oz

Prior Estimate

Resource Date
2026-09-01

Lab

Laboratory
On Site Laboratory Services (OSLS)

Location

CRS
GDA94
Loc. Confidence
medium

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-21T00:00:00.000Z

Reasoning: The total Parkes gold resource inventory has significantly increased to 383,300 ounces, representing a major step-change for the company and providing a strong foundation for future development.

Positive factors

  • Total Parkes gold resource inventory significantly increased
  • Provides a strong foundation for future studies
  • First resource update incorporating modern drilling

Evidence · table

“0.89g/t Au”

Context: 13.45Mt

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 Undisclosednegative

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

Why it applies: no cutoff_grade was 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

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.