AEE: 2026 Annual Report
Original announcement by asx on
- Company
- Aura Energy Limited
- Ticker
- AEE
- Exchange
- ASX
- Region
- Unavailable
- Primary commodity
- Uranium
- Secondary commodities
- Vanadium, Potash, Molybdenum, Nickel, Zinc
- Document categories
- Resource update, Capital raise, Metallurgy
- Extracted
- 2026-09-30 08:14:46 UTC
Analysis by Minestarters Atlas
Atlas analysis published:
Minestarters Atlas analysis
Summary
Aura Energy Limited's FY2026 Annual Report highlights significant progress across its projects. The Tiris Uranium Project in Mauritania finalized its processing flowsheet, secured its first long-term offtake agreement, and commenced pilot plant construction, with a Final Investment Decision targeted by year-end 2026. The Häggån polymetallic project in Sweden benefited from the overturning of the uranium mining ban and a proposal for national interest designation. While mineral resource and ore reserve estimates remained unchanged from the prior year, the company strengthened its balance sheet with a A$20.0 million placement.
Reasoning: The annual report presents a mixed but generally positive outlook, with significant progress on project development, funding, and regulatory fronts, particularly for Tiris. While the resource numbers themselves are unchanged, the resolution of technical issues, securing offtake, and favorable regulatory shifts are strong positive signals for future development. The historical nature of one Häggån estimate and past share price performance are noted as negatives.
Positive factors
- Processing flowsheet finalized for Tiris using proven technology, resolving a key technical uncertainty.
- Pilot plant for Tiris is under construction and expected to operate in November 2026, validating the flowsheet at scale.
- First long-term offtake agreement secured with a major US nuclear utility for Tiris, covering ~10% of projected output.
- Non-binding MOU signed with another major international nuclear utility for potential equity investment, long-term offtake, and technical collaboration.
- Funding pathway progressing with DFC debt discussions and a non-binding proposal from a major US investment fund.
- Sweden overturned its uranium mining ban and amended the Nuclear Activities Act, creating a more favorable regulatory environment for Häggån.
- Häggån proposed as a resource of national interest by the Geological Survey of Sweden, recognizing its strategic importance.
- Successful A$20.0 million placement strengthened the company's balance sheet.
Negative factors
- Mineral Resource and Ore Reserve estimates for Tiris and Häggån are unchanged from the prior year, indicating no new geological data.
- The Häggån JORC 2004 uranium estimate is historical and has not been updated to JORC 2012 standards, raising confidence concerns.
- The Tiris offtake agreement's original condition precedent for FID by 31 December 2025 was not met, though parties remain committed.
- Share price performance over the year was unsatisfactory, reflecting past technical uncertainty and funding concerns.
Low confidence — this extraction should be reviewed alongside the original source.
Facts used in scoring: 74
Classification and evidence
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: The document provides updated Mineral Resource and Ore Reserve statements for the Tiris and Häggån projects as of 30 June 2026.
Evidence · text
“Mineral Resource and Ore Reserve statement”
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: The report includes Competent Persons' statements for the Tiris Uranium Project (Arnold van der Heyden, Andrew Hutson) and Häggån Polymetallic Project (Rupert Osborn, Arnold van der Heyden).
Evidence · text
“Competent Persons' statements”
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: The Tiris Mineral Resource and Ore Reserve estimates, and the Häggån V2O5 Mineral Resource, are reported in accordance with the JORC Code (2012 Edition).
Evidence · text
“Aura Energy’s Mineral Resource and Ore Reserve estimates are reported in accordance with the JORC Code (2012 Edition)”
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: All resource and reserve tables explicitly state the cut-off grades used (e.g., '100ppm U3O8 cut-off grade', 'V2O5 cut-off grades').
Evidence · text
“100ppm U3O8 cut-off grade”
Historical Estimate Onlynegative
Estimate pre-dates or does not comply with current JORC/NI 43-101 standards — requires verification drilling.
Why it applies: The Häggån Mineral Resource for U3O8 is reported with the JORC Code (2004 Edition) with an estimate date of 22 August 2012, and has not been updated to comply with the JORC Code 2012.
Evidence · text
“The Häggån Mineral Resource for U3O8 is reported with the JORC Code (2004 Edition), with the date of the estimate at 22 August 2012”
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: The Häggån Mineral Resource for U3O8 has an estimate date of 22 August 2012, which is significantly older than the current reporting date of 30 June 2026.
Evidence · text
“The Häggån Mineral Resource for U3O8 is reported with the JORC Code (2004 Edition), with the date of the estimate at 22 August 2012”
Extracted facts
Stored fact records: 74. Some facts used in scoring do not have a stored record.
Resource Estimates (74)
measuredTiris · uraniumTonnes: 34000000Grade: 17.3Grade Unit: mlbsContained Metal: 17.3Contained Unit: mlbsView all detailsHide details
Identity
- Project
- Tiris
- Commodity
- uranium
- Region
- mauritania
- Reported Region
- Mauritania
- Ticker
- AEE
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Arnold van der Heyden
- Resource group id
- resource:ca20c3b89dcd14002df2
- Deposit or zone
- Tiris East
Resource Data
- Category
- measured
- Tonnes
- 34000000
- Grade
- 17.3
- Grade Unit
- mlbs
- Contained Metal
- 17.3
- Contained Unit
- mlbs
- Cutoff Grade
- 100
- Cutoff Unit
- ppm U3O8
Prior Estimate
- Resource Date
- 2026-06-30
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This Measured resource provides a high-confidence base for the Tiris project, though the numbers are a restatement of previous estimates.
Positive factors
- Resource is in the Measured category, indicating high geological confidence.
Negative factors
- Resource estimate is unchanged from the prior year, indicating no new geological data.
Evidence · table
“17.3”
Context: 34
Tags used in scoring
Measured Resourcepositive
Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
Why it applies: category is "measured"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
measuredTiris · vanadiumTonnes: 34000000Grade: 75Grade Unit: ppmContained Metal: 5.6Contained Unit: mlbsView all detailsHide details
Identity
- Project
- Tiris
- Commodity
- vanadium
- Region
- mauritania
- Reported Region
- Mauritania
- Ticker
- AEE
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Arnold van der Heyden
- Resource group id
- resource:ca20c3b89dcd14002df2
- Deposit or zone
- Tiris East
Resource Data
- Category
- measured
- Tonnes
- 34000000
- Grade
- 75
- Grade Unit
- ppm
- Contained Metal
- 5.6
- Contained Unit
- mlbs
- Cutoff Grade
- 100
- Cutoff Unit
- ppm U3O8
Prior Estimate
- Resource Date
- 2026-06-30
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This Measured vanadium resource provides a high-confidence base, though the numbers are a restatement of previous estimates.
Positive factors
- Resource is in the Measured category, indicating high geological confidence.
Negative factors
- Resource estimate is unchanged from the prior year, indicating no new geological data.
Evidence · table
“75”
Context: 34
Tags used in scoring
Measured Resourcepositive
Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
Why it applies: category is "measured"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
indicatedTiris · uraniumTonnes: 48000000Grade: 22.6Grade Unit: mlbsContained Metal: 22.6Contained Unit: mlbsHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Tiris
- Commodity
- uranium
- Region
- mauritania
- Reported Region
- Mauritania
- Ticker
- AEE
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Arnold van der Heyden
- Resource group id
- resource:70ff1bfd9d00eb729b50
- Deposit or zone
- Tiris East
Resource Data
- Category
- indicated
- Tonnes
- 48000000
- Grade
- 22.6
- Grade Unit
- mlbs
- Contained Metal
- 22.6
- Contained Unit
- mlbs
- Cutoff Grade
- 100
- Cutoff Unit
- ppm U3O8
Prior Estimate
- Resource Date
- 2026-06-30
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This Indicated resource contributes to the overall Tiris project, though the numbers are a restatement of previous estimates.
Positive factors
- Resource is in the Indicated category, providing reasonable geological confidence.
Negative factors
- Resource estimate is unchanged from the prior year, indicating no new geological data.
Evidence · table
“22.6”
Context: 48
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
indicatedTiris · vanadiumTonnes: 48000000Grade: 69Grade Unit: ppmContained Metal: 7.3Contained Unit: mlbsView all detailsHide details
Identity
- Project
- Tiris
- Commodity
- vanadium
- Region
- mauritania
- Reported Region
- Mauritania
- Ticker
- AEE
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Arnold van der Heyden
- Resource group id
- resource:70ff1bfd9d00eb729b50
- Deposit or zone
- Tiris East
Resource Data
- Category
- indicated
- Tonnes
- 48000000
- Grade
- 69
- Grade Unit
- ppm
- Contained Metal
- 7.3
- Contained Unit
- mlbs
- Cutoff Grade
- 100
- Cutoff Unit
- ppm U3O8
Prior Estimate
- Resource Date
- 2026-06-30
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This Indicated vanadium resource contributes to the overall Tiris project, though the numbers are a restatement of previous estimates.
Positive factors
- Resource is in the Indicated category, providing reasonable geological confidence.
Negative factors
- Resource estimate is unchanged from the prior year, indicating no new geological data.
Evidence · table
“69”
Context: 48
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
inferredTiris · uraniumTonnes: 79000000Grade: 36.7Grade Unit: mlbsContained Metal: 36.7Contained Unit: mlbsView all detailsHide details
Identity
- Project
- Tiris
- Commodity
- uranium
- Region
- mauritania
- Reported Region
- Mauritania
- Ticker
- AEE
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Arnold van der Heyden
- Resource group id
- resource:94762b301b9d1fd9cbc7
- Deposit or zone
- Tiris East
Resource Data
- Category
- inferred
- Tonnes
- 79000000
- Grade
- 36.7
- Grade Unit
- mlbs
- Contained Metal
- 36.7
- Contained Unit
- mlbs
- Cutoff Grade
- 100
- Cutoff Unit
- ppm U3O8
Prior Estimate
- Resource Date
- 2026-06-30
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This Inferred resource provides potential for future conversion but has lower confidence, and the numbers are a restatement of previous estimates.
Negative factors
- Resource is in the Inferred category, indicating lower geological confidence.
- Resource estimate is unchanged from the prior year, indicating no new geological data.
Evidence · table
“36.7”
Context: 79
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
inferredTiris · vanadiumTonnes: 79000000Grade: 68Grade Unit: ppmContained Metal: 11.9Contained Unit: mlbsView all detailsHide details
Identity
- Project
- Tiris
- Commodity
- vanadium
- Region
- mauritania
- Reported Region
- Mauritania
- Ticker
- AEE
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Arnold van der Heyden
- Resource group id
- resource:94762b301b9d1fd9cbc7
- Deposit or zone
- Tiris East
Resource Data
- Category
- inferred
- Tonnes
- 79000000
- Grade
- 68
- Grade Unit
- ppm
- Contained Metal
- 11.9
- Contained Unit
- mlbs
- Cutoff Grade
- 100
- Cutoff Unit
- ppm U3O8
Prior Estimate
- Resource Date
- 2026-06-30
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This Inferred vanadium resource provides potential for future conversion but has lower confidence, and the numbers are a restatement of previous estimates.
Negative factors
- Resource is in the Inferred category, indicating lower geological confidence.
- Resource estimate is unchanged from the prior year, indicating no new geological data.
Evidence · table
“68”
Context: 79
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
inferredTiris · uraniumTonnes: 22000000Grade: 14.6Grade Unit: mlbsContained Metal: 14.6Contained Unit: mlbsView all detailsHide details
Identity
- Project
- Tiris
- Commodity
- uranium
- Region
- mauritania
- Reported Region
- Mauritania
- Ticker
- AEE
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Arnold van der Heyden
- Resource group id
- resource:5eb135cf1626090f874c
- Deposit or zone
- Oum Ferkik
Resource Data
- Category
- inferred
- Tonnes
- 22000000
- Grade
- 14.6
- Grade Unit
- mlbs
- Contained Metal
- 14.6
- Contained Unit
- mlbs
- Cutoff Grade
- 100
- Cutoff Unit
- ppm U3O8
Prior Estimate
- Resource Date
- 2026-06-30
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This Inferred resource provides potential for future conversion but has lower confidence, and the numbers are a restatement of previous estimates.
Negative factors
- Resource is in the Inferred category, indicating lower geological confidence.
- Resource estimate is unchanged from the prior year, indicating no new geological data.
Evidence · table
“14.6”
Context: 22
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
inferredTiris · vanadiumTonnes: 22000000Grade: 95Grade Unit: ppmContained Metal: 4.7Contained Unit: mlbsView all detailsHide details
Identity
- Project
- Tiris
- Commodity
- vanadium
- Region
- mauritania
- Reported Region
- Mauritania
- Ticker
- AEE
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Arnold van der Heyden
- Resource group id
- resource:5eb135cf1626090f874c
- Deposit or zone
- Oum Ferkik
Resource Data
- Category
- inferred
- Tonnes
- 22000000
- Grade
- 95
- Grade Unit
- ppm
- Contained Metal
- 4.7
- Contained Unit
- mlbs
- Cutoff Grade
- 100
- Cutoff Unit
- ppm U3O8
Prior Estimate
- Resource Date
- 2026-06-30
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This Inferred vanadium resource provides potential for future conversion but has lower confidence, and the numbers are a restatement of previous estimates.
Negative factors
- Resource is in the Inferred category, indicating lower geological confidence.
- Resource estimate is unchanged from the prior year, indicating no new geological data.
Evidence · table
“95”
Context: 22
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
measuredTiris · uraniumTonnes: 34000000Grade: 230Grade Unit: ppmContained Metal: 17.3Contained Unit: mlbsView all detailsHide details
Identity
- Project
- Tiris
- Commodity
- uranium
- Region
- mauritania
- Reported Region
- Mauritania
- Ticker
- AEE
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Arnold van der Heyden
- Resource group id
- resource:bd98267ebee8cc47036e
- Deposit or zone
- Total Mineral Resources
Resource Data
- Category
- measured
- Tonnes
- 34000000
- Grade
- 230
- Grade Unit
- ppm
- Contained Metal
- 17.3
- Contained Unit
- mlbs
- Cutoff Grade
- 100
- Cutoff Unit
- ppm U3O8
Prior Estimate
- Resource Date
- 2026-06-30
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This Measured resource provides a high-confidence base for the Tiris project, though the numbers are a restatement of previous estimates.
Positive factors
- Resource is in the Measured category, indicating high geological confidence.
Negative factors
- Resource estimate is unchanged from the prior year, indicating no new geological data.
Evidence · table
“230”
Context: 34
Tags used in scoring
Measured Resourcepositive
Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
Why it applies: category is "measured"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
measuredTiris · vanadiumTonnes: 34000000Grade: 74Grade Unit: ppmContained Metal: 5.6Contained Unit: mlbsView all detailsHide details
Identity
- Project
- Tiris
- Commodity
- vanadium
- Region
- mauritania
- Reported Region
- Mauritania
- Ticker
- AEE
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Arnold van der Heyden
- Resource group id
- resource:bd98267ebee8cc47036e
- Deposit or zone
- Total Mineral Resources
Resource Data
- Category
- measured
- Tonnes
- 34000000
- Grade
- 74
- Grade Unit
- ppm
- Contained Metal
- 5.6
- Contained Unit
- mlbs
- Cutoff Grade
- 100
- Cutoff Unit
- ppm U3O8
Prior Estimate
- Resource Date
- 2026-06-30
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This Measured vanadium resource provides a high-confidence base, though the numbers are a restatement of previous estimates.
Positive factors
- Resource is in the Measured category, indicating high geological confidence.
Negative factors
- Resource estimate is unchanged from the prior year, indicating no new geological data.
Evidence · table
“74”
Context: 34
Tags used in scoring
Measured Resourcepositive
Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
Why it applies: category is "measured"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
indicatedTiris · uraniumTonnes: 48000000Grade: 212Grade Unit: ppmContained Metal: 22.6Contained Unit: mlbsView all detailsHide details
Identity
- Project
- Tiris
- Commodity
- uranium
- Region
- mauritania
- Reported Region
- Mauritania
- Ticker
- AEE
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Arnold van der Heyden
- Resource group id
- resource:f40a7762ef33ca6907a2
- Deposit or zone
- Total Mineral Resources
Resource Data
- Category
- indicated
- Tonnes
- 48000000
- Grade
- 212
- Grade Unit
- ppm
- Contained Metal
- 22.6
- Contained Unit
- mlbs
- Cutoff Grade
- 100
- Cutoff Unit
- ppm U3O8
Prior Estimate
- Resource Date
- 2026-06-30
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This Indicated resource contributes to the overall Tiris project, though the numbers are a restatement of previous estimates.
Positive factors
- Resource is in the Indicated category, providing reasonable geological confidence.
Negative factors
- Resource estimate is unchanged from the prior year, indicating no new geological data.
Evidence · table
“212”
Context: 48
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
indicatedTiris · vanadiumTonnes: 48000000Grade: 69Grade Unit: ppmContained Metal: 7.3Contained Unit: mlbsView all detailsHide details
Identity
- Project
- Tiris
- Commodity
- vanadium
- Region
- mauritania
- Reported Region
- Mauritania
- Ticker
- AEE
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Arnold van der Heyden
- Resource group id
- resource:f40a7762ef33ca6907a2
- Deposit or zone
- Total Mineral Resources
Resource Data
- Category
- indicated
- Tonnes
- 48000000
- Grade
- 69
- Grade Unit
- ppm
- Contained Metal
- 7.3
- Contained Unit
- mlbs
- Cutoff Grade
- 100
- Cutoff Unit
- ppm U3O8
Prior Estimate
- Resource Date
- 2026-06-30
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This Indicated vanadium resource contributes to the overall Tiris project, though the numbers are a restatement of previous estimates.
Positive factors
- Resource is in the Indicated category, providing reasonable geological confidence.
Negative factors
- Resource estimate is unchanged from the prior year, indicating no new geological data.
Evidence · table
“69”
Context: 48
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
inferredTiris · uraniumTonnes: 102000000Grade: 51.4Grade Unit: mlbsContained Metal: 51.4Contained Unit: mlbsView all detailsHide details
Identity
- Project
- Tiris
- Commodity
- uranium
- Region
- mauritania
- Reported Region
- Mauritania
- Ticker
- AEE
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Arnold van der Heyden
- Resource group id
- resource:3f79cb26a380af2e66f7
- Deposit or zone
- Total Mineral Resources
Resource Data
- Category
- inferred
- Tonnes
- 102000000
- Grade
- 51.4
- Grade Unit
- mlbs
- Contained Metal
- 51.4
- Contained Unit
- mlbs
- Cutoff Grade
- 100
- Cutoff Unit
- ppm U3O8
Prior Estimate
- Resource Date
- 2026-06-30
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This Inferred resource provides potential for future conversion but has lower confidence, and the numbers are a restatement of previous estimates.
Negative factors
- Resource is in the Inferred category, indicating lower geological confidence.
- Resource estimate is unchanged from the prior year, indicating no new geological data.
Evidence · table
“51.4”
Context: 102
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
inferredTiris · vanadiumTonnes: 102000000Grade: 74Grade Unit: ppmContained Metal: 16.6Contained Unit: mlbsView all detailsHide details
Identity
- Project
- Tiris
- Commodity
- vanadium
- Region
- mauritania
- Reported Region
- Mauritania
- Ticker
- AEE
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Arnold van der Heyden
- Resource group id
- resource:3f79cb26a380af2e66f7
- Deposit or zone
- Total Mineral Resources
Resource Data
- Category
- inferred
- Tonnes
- 102000000
- Grade
- 74
- Grade Unit
- ppm
- Contained Metal
- 16.6
- Contained Unit
- mlbs
- Cutoff Grade
- 100
- Cutoff Unit
- ppm U3O8
Prior Estimate
- Resource Date
- 2026-06-30
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This Inferred vanadium resource provides potential for future conversion but has lower confidence, and the numbers are a restatement of previous estimates.
Negative factors
- Resource is in the Inferred category, indicating lower geological confidence.
- Resource estimate is unchanged from the prior year, indicating no new geological data.
Evidence · table
“74”
Context: 102
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
provenTiris · uraniumTonnes: 3600000Grade: 297Grade Unit: ppmContained Metal: 2.4Contained Unit: mlbsView all detailsHide details
Identity
- Project
- Tiris
- Commodity
- uranium
- Region
- mauritania
- Reported Region
- Mauritania
- Ticker
- AEE
Resource scope
- Estimate type
- reserve
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Andrew Hutson
- Resource group id
- resource:ae265ea8ba315e4b32de
- Deposit or zone
- Lazare North
Resource Data
- Category
- proven
- Tonnes
- 3600000
- Grade
- 297
- Grade Unit
- ppm
- Contained Metal
- 2.4
- Contained Unit
- mlbs
- Cutoff Grade
- 100
- Cutoff Unit
- ppm U3O8
Prior Estimate
- Resource Date
- 2026-06-30
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This Proved reserve contributes to the overall Tiris project, reflecting high confidence, though the numbers are a restatement of previous estimates.
Positive factors
- Reserve is in the Proved category, indicating high confidence in economic extractability.
- The overall Tiris Ore Reserve saw a 49% increase in December 2024 (prior to this report).
Negative factors
- Ore Reserve estimate is unchanged from the prior year (December 2024), indicating no new data in FY2026.
Evidence · table
“297”
Context: 3.6
Tags used in scoring
Proven Reservepositive
Measured Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "proven"
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
probableTiris · uraniumTonnes: 8300000Grade: 262Grade Unit: ppmContained Metal: 4.8Contained Unit: mlbsView all detailsHide details
Identity
- Project
- Tiris
- Commodity
- uranium
- Region
- mauritania
- Reported Region
- Mauritania
- Ticker
- AEE
Resource scope
- Estimate type
- reserve
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Andrew Hutson
- Resource group id
- resource:a2f60cde1f995a83919c
- Deposit or zone
- Lazare North
Resource Data
- Category
- probable
- Tonnes
- 8300000
- Grade
- 262
- Grade Unit
- ppm
- Contained Metal
- 4.8
- Contained Unit
- mlbs
- Cutoff Grade
- 100
- Cutoff Unit
- ppm U3O8
Prior Estimate
- Resource Date
- 2026-06-30
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This Probable reserve contributes to the overall Tiris project, reflecting good confidence, though the numbers are a restatement of previous estimates.
Positive factors
- Reserve is in the Probable category, indicating good confidence in economic extractability.
- The overall Tiris Ore Reserve saw a 49% increase in December 2024 (prior to this report).
Negative factors
- Ore Reserve estimate is unchanged from the prior year (December 2024), indicating no new data in FY2026.
Evidence · table
“262”
Context: 8.3
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
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
Lazare NorthTiris · uraniumTonnes: 12000000Grade: 273Grade Unit: ppmContained Metal: 7.2Contained Unit: mlbsView all detailsHide details
Identity
- Project
- Tiris
- Commodity
- uranium
- Region
- mauritania
- Reported Region
- Mauritania
- Ticker
- AEE
Resource scope
- Estimate type
- reserve
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Andrew Hutson
- Resource group id
- resource:39aebb4d1f14db0849ac
- Deposit or zone
- Lazare North
Resource Data
- Tonnes
- 12000000
- Grade
- 273
- Grade Unit
- ppm
- Contained Metal
- 7.2
- Contained Unit
- mlbs
- Cutoff Grade
- 100
- Cutoff Unit
- ppm U3O8
Prior Estimate
- Resource Date
- 2026-06-30
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This total reserve for Lazare North reflects the project's economic potential, though the numbers are a restatement of previous estimates.
Positive factors
- The overall Tiris Ore Reserve saw a 49% increase in December 2024 (prior to this report).
Negative factors
- Ore Reserve estimate is unchanged from the prior year (December 2024), indicating no new data in FY2026.
Evidence · table
“273”
Context: 12.0
Tags used in scoring
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
provenTiris · uraniumTonnes: 7500000Grade: 245Grade Unit: ppmContained Metal: 4.1Contained Unit: mlbsView all detailsHide details
Identity
- Project
- Tiris
- Commodity
- uranium
- Region
- mauritania
- Reported Region
- Mauritania
- Ticker
- AEE
Resource scope
- Estimate type
- reserve
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Andrew Hutson
- Resource group id
- resource:076e27e37b1ef94c4fb2
- Deposit or zone
- Lazare South
Resource Data
- Category
- proven
- Tonnes
- 7500000
- Grade
- 245
- Grade Unit
- ppm
- Contained Metal
- 4.1
- Contained Unit
- mlbs
- Cutoff Grade
- 100
- Cutoff Unit
- ppm U3O8
Prior Estimate
- Resource Date
- 2026-06-30
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This Proved reserve contributes to the overall Tiris project, reflecting high confidence, though the numbers are a restatement of previous estimates.
Positive factors
- Reserve is in the Proved category, indicating high confidence in economic extractability.
- The overall Tiris Ore Reserve saw a 49% increase in December 2024 (prior to this report).
Negative factors
- Ore Reserve estimate is unchanged from the prior year (December 2024), indicating no new data in FY2026.
Evidence · table
“245”
Context: 7.5
Tags used in scoring
Proven Reservepositive
Measured Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "proven"
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
probableTiris · uraniumTonnes: 4800000Grade: 243Grade Unit: ppmContained Metal: 2.5Contained Unit: mlbsHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Tiris
- Commodity
- uranium
- Region
- mauritania
- Reported Region
- Mauritania
- Ticker
- AEE
Resource scope
- Estimate type
- reserve
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Andrew Hutson
- Resource group id
- resource:500b35205cc685ad2e73
- Deposit or zone
- Lazare South
Resource Data
- Category
- probable
- Tonnes
- 4800000
- Grade
- 243
- Grade Unit
- ppm
- Contained Metal
- 2.5
- Contained Unit
- mlbs
- Cutoff Grade
- 100
- Cutoff Unit
- ppm U3O8
Prior Estimate
- Resource Date
- 2026-06-30
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This Probable reserve contributes to the overall Tiris project, reflecting good confidence, though the numbers are a restatement of previous estimates.
Positive factors
- Reserve is in the Probable category, indicating good confidence in economic extractability.
- The overall Tiris Ore Reserve saw a 49% increase in December 2024 (prior to this report).
Negative factors
- Ore Reserve estimate is unchanged from the prior year (December 2024), indicating no new data in FY2026.
Evidence · table
“243”
Context: 4.8
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
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
Lazare SouthTiris · uraniumTonnes: 12300000Grade: 244Grade Unit: ppmContained Metal: 6.6Contained Unit: mlbsView all detailsHide details
Identity
- Project
- Tiris
- Commodity
- uranium
- Region
- mauritania
- Reported Region
- Mauritania
- Ticker
- AEE
Resource scope
- Estimate type
- reserve
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Andrew Hutson
- Resource group id
- resource:2cd146475c9092d3b544
- Deposit or zone
- Lazare South
Resource Data
- Tonnes
- 12300000
- Grade
- 244
- Grade Unit
- ppm
- Contained Metal
- 6.6
- Contained Unit
- mlbs
- Cutoff Grade
- 100
- Cutoff Unit
- ppm U3O8
Prior Estimate
- Resource Date
- 2026-06-30
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This total reserve for Lazare South reflects the project's economic potential, though the numbers are a restatement of previous estimates.
Positive factors
- The overall Tiris Ore Reserve saw a 49% increase in December 2024 (prior to this report).
Negative factors
- Ore Reserve estimate is unchanged from the prior year (December 2024), indicating no new data in FY2026.
Evidence · table
“244”
Context: 12.3
Tags used in scoring
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
provenTiris · uraniumTonnes: 7600000Grade: 274Grade Unit: ppmContained Metal: 4.6Contained Unit: mlbsView all detailsHide details
Identity
- Project
- Tiris
- Commodity
- uranium
- Region
- mauritania
- Reported Region
- Mauritania
- Ticker
- AEE
Resource scope
- Estimate type
- reserve
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Andrew Hutson
- Resource group id
- resource:0d909af20cf272bd0f22
- Deposit or zone
- Hippolyte
Resource Data
- Category
- proven
- Tonnes
- 7600000
- Grade
- 274
- Grade Unit
- ppm
- Contained Metal
- 4.6
- Contained Unit
- mlbs
- Cutoff Grade
- 100
- Cutoff Unit
- ppm U3O8
Prior Estimate
- Resource Date
- 2026-06-30
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This Proved reserve contributes to the overall Tiris project, reflecting high confidence, though the numbers are a restatement of previous estimates.
Positive factors
- Reserve is in the Proved category, indicating high confidence in economic extractability.
- The overall Tiris Ore Reserve saw a 49% increase in December 2024 (prior to this report).
Negative factors
- Ore Reserve estimate is unchanged from the prior year (December 2024), indicating no new data in FY2026.
Evidence · table
“274”
Context: 7.6
Tags used in scoring
Proven Reservepositive
Measured Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "proven"
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
probableTiris · uraniumTonnes: 7500000Grade: 266Grade Unit: ppmContained Metal: 4.4Contained Unit: mlbsView all detailsHide details
Identity
- Project
- Tiris
- Commodity
- uranium
- Region
- mauritania
- Reported Region
- Mauritania
- Ticker
- AEE
Resource scope
- Estimate type
- reserve
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Andrew Hutson
- Resource group id
- resource:dcf75ea3b4b418205fc1
- Deposit or zone
- Hippolyte
Resource Data
- Category
- probable
- Tonnes
- 7500000
- Grade
- 266
- Grade Unit
- ppm
- Contained Metal
- 4.4
- Contained Unit
- mlbs
- Cutoff Grade
- 100
- Cutoff Unit
- ppm U3O8
Prior Estimate
- Resource Date
- 2026-06-30
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This Probable reserve contributes to the overall Tiris project, reflecting good confidence, though the numbers are a restatement of previous estimates.
Positive factors
- Reserve is in the Probable category, indicating good confidence in economic extractability.
- The overall Tiris Ore Reserve saw a 49% increase in December 2024 (prior to this report).
Negative factors
- Ore Reserve estimate is unchanged from the prior year (December 2024), indicating no new data in FY2026.
Evidence · table
“266”
Context: 7.5
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
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
HippolyteTiris · uraniumTonnes: 15000000Grade: 270Grade Unit: ppmContained Metal: 8.9Contained Unit: mlbsView all detailsHide details
Identity
- Project
- Tiris
- Commodity
- uranium
- Region
- mauritania
- Reported Region
- Mauritania
- Ticker
- AEE
Resource scope
- Estimate type
- reserve
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Andrew Hutson
- Resource group id
- resource:667fa5ce398104970cbe
- Deposit or zone
- Hippolyte
Resource Data
- Tonnes
- 15000000
- Grade
- 270
- Grade Unit
- ppm
- Contained Metal
- 8.9
- Contained Unit
- mlbs
- Cutoff Grade
- 100
- Cutoff Unit
- ppm U3O8
Prior Estimate
- Resource Date
- 2026-06-30
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This total reserve for Hippolyte reflects the project's economic potential, though the numbers are a restatement of previous estimates.
Positive factors
- The overall Tiris Ore Reserve saw a 49% increase in December 2024 (prior to this report).
Negative factors
- Ore Reserve estimate is unchanged from the prior year (December 2024), indicating no new data in FY2026.
Evidence · table
“270”
Context: 15.0
Tags used in scoring
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
provenTiris · uraniumTonnes: 9100000Grade: 213Grade Unit: ppmContained Metal: 4.3Contained Unit: mlbsView all detailsHide details
Identity
- Project
- Tiris
- Commodity
- uranium
- Region
- mauritania
- Reported Region
- Mauritania
- Ticker
- AEE
Resource scope
- Estimate type
- reserve
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Andrew Hutson
- Resource group id
- resource:9b98ce90fab4514984c7
- Deposit or zone
- Sadi
Resource Data
- Category
- proven
- Tonnes
- 9100000
- Grade
- 213
- Grade Unit
- ppm
- Contained Metal
- 4.3
- Contained Unit
- mlbs
- Cutoff Grade
- 100
- Cutoff Unit
- ppm U3O8
Prior Estimate
- Resource Date
- 2026-06-30
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This Proved reserve contributes to the overall Tiris project, reflecting high confidence, though the numbers are a restatement of previous estimates.
Positive factors
- Reserve is in the Proved category, indicating high confidence in economic extractability.
- The overall Tiris Ore Reserve saw a 49% increase in December 2024 (prior to this report).
Negative factors
- Ore Reserve estimate is unchanged from the prior year (December 2024), indicating no new data in FY2026.
Evidence · table
“213”
Context: 9.1
Tags used in scoring
Proven Reservepositive
Measured Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "proven"
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
probableTiris · uraniumTonnes: 14500000Grade: 207Grade Unit: ppmContained Metal: 6.6Contained Unit: mlbsView all detailsHide details
Identity
- Project
- Tiris
- Commodity
- uranium
- Region
- mauritania
- Reported Region
- Mauritania
- Ticker
- AEE
Resource scope
- Estimate type
- reserve
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Andrew Hutson
- Resource group id
- resource:c7ed781d50b4b9a02b6f
- Deposit or zone
- Sadi
Resource Data
- Category
- probable
- Tonnes
- 14500000
- Grade
- 207
- Grade Unit
- ppm
- Contained Metal
- 6.6
- Contained Unit
- mlbs
- Cutoff Grade
- 100
- Cutoff Unit
- ppm U3O8
Prior Estimate
- Resource Date
- 2026-06-30
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This Probable reserve contributes to the overall Tiris project, reflecting good confidence, though the numbers are a restatement of previous estimates.
Positive factors
- Reserve is in the Probable category, indicating good confidence in economic extractability.
- The overall Tiris Ore Reserve saw a 49% increase in December 2024 (prior to this report).
Negative factors
- Ore Reserve estimate is unchanged from the prior year (December 2024), indicating no new data in FY2026.
Evidence · table
“207”
Context: 14.5
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
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
SadiTiris · uraniumTonnes: 23600000Grade: 209Grade Unit: ppmContained Metal: 10.9Contained Unit: mlbsView all detailsHide details
Identity
- Project
- Tiris
- Commodity
- uranium
- Region
- mauritania
- Reported Region
- Mauritania
- Ticker
- AEE
Resource scope
- Estimate type
- reserve
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Andrew Hutson
- Resource group id
- resource:f073304edc4927c64caf
- Deposit or zone
- Sadi
Resource Data
- Tonnes
- 23600000
- Grade
- 209
- Grade Unit
- ppm
- Contained Metal
- 10.9
- Contained Unit
- mlbs
- Cutoff Grade
- 100
- Cutoff Unit
- ppm U3O8
Prior Estimate
- Resource Date
- 2026-06-30
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This total reserve for Sadi reflects the project's economic potential, though the numbers are a restatement of previous estimates.
Positive factors
- The overall Tiris Ore Reserve saw a 49% increase in December 2024 (prior to this report).
Negative factors
- Ore Reserve estimate is unchanged from the prior year (December 2024), indicating no new data in FY2026.
Evidence · table
“209”
Context: 23.6
Tags used in scoring
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
provenTiris · uraniumTonnes: 27800000Grade: 249Grade Unit: ppmContained Metal: 15.3Contained Unit: mlbsView all detailsHide details
Identity
- Project
- Tiris
- Commodity
- uranium
- Region
- mauritania
- Reported Region
- Mauritania
- Ticker
- AEE
Resource scope
- Estimate type
- reserve
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Andrew Hutson
- Resource group id
- resource:7f4e6c7fb983095f8b9c
- Deposit or zone
- Total
Resource Data
- Category
- proven
- Tonnes
- 27800000
- Grade
- 249
- Grade Unit
- ppm
- Contained Metal
- 15.3
- Contained Unit
- mlbs
- Cutoff Grade
- 100
- Cutoff Unit
- ppm U3O8
Prior Estimate
- Resource Date
- 2026-06-30
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This total Proved reserve reflects the project's economic potential, though the numbers are a restatement of previous estimates.
Positive factors
- Reserve is in the Proved category, indicating high confidence in economic extractability.
- The overall Tiris Ore Reserve saw a 49% increase in December 2024 (prior to this report).
Negative factors
- Ore Reserve estimate is unchanged from the prior year (December 2024), indicating no new data in FY2026.
Evidence · table
“249”
Context: 27.8
Tags used in scoring
Proven Reservepositive
Measured Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "proven"
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
probableTiris · uraniumTonnes: 35000000Grade: 238Grade Unit: ppmContained Metal: 18.4Contained Unit: mlbsView all detailsHide details
Identity
- Project
- Tiris
- Commodity
- uranium
- Region
- mauritania
- Reported Region
- Mauritania
- Ticker
- AEE
Resource scope
- Estimate type
- reserve
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Andrew Hutson
- Resource group id
- resource:6a78faec0d3dee16958e
- Deposit or zone
- Total
Resource Data
- Category
- probable
- Tonnes
- 35000000
- Grade
- 238
- Grade Unit
- ppm
- Contained Metal
- 18.4
- Contained Unit
- mlbs
- Cutoff Grade
- 100
- Cutoff Unit
- ppm U3O8
Prior Estimate
- Resource Date
- 2026-06-30
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This total Probable reserve reflects the project's economic potential, though the numbers are a restatement of previous estimates.
Positive factors
- Reserve is in the Probable category, indicating good confidence in economic extractability.
- The overall Tiris Ore Reserve saw a 49% increase in December 2024 (prior to this report).
Negative factors
- Ore Reserve estimate is unchanged from the prior year (December 2024), indicating no new data in FY2026.
Evidence · table
“238”
Context: 35.0
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
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
TotalTiris · uraniumTonnes: 62800000Grade: 243Grade Unit: ppmContained Metal: 33.6Contained Unit: mlbsHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Tiris
- Commodity
- uranium
- Region
- mauritania
- Reported Region
- Mauritania
- Ticker
- AEE
Resource scope
- Estimate type
- reserve
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Andrew Hutson
- Resource group id
- resource:cfa2bb98bfb0c896ceb1
- Deposit or zone
- Total
Resource Data
- Tonnes
- 62800000
- Grade
- 243
- Grade Unit
- ppm
- Contained Metal
- 33.6
- Contained Unit
- mlbs
- Cutoff Grade
- 100
- Cutoff Unit
- ppm U3O8
Prior Estimate
- Resource Date
- 2026-06-30
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This total reserve for Tiris reflects the project's economic potential, though the numbers are a restatement of previous estimates.
Positive factors
- The overall Tiris Ore Reserve saw a 49% increase in December 2024 (prior to this report).
Negative factors
- Ore Reserve estimate is unchanged from the prior year (December 2024), indicating no new data in FY2026.
Evidence · table
“243”
Context: 62.8
Tags used in scoring
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
indicatedHäggån · vanadiumTonnes: 45000000Grade: 0.34Grade Unit: %Contained Metal: 332Contained Unit: mlbsView all detailsHide details
Identity
- Project
- Häggån
- Commodity
- vanadium
- Region
- sweden
- Reported Region
- Sweden
- Ticker
- AEE
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Rupert Osborn
- Resource group id
- resource:5513650c36c7c7b35d12
Resource Data
- Category
- indicated
- Tonnes
- 45000000
- Grade
- 0.34
- Grade Unit
- %
- Contained Metal
- 332
- Contained Unit
- mlbs
- Cutoff Grade
- 0.1
- Cutoff Unit
- % V2O5
Prior Estimate
- Resource Date
- 2026-06-30
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This Indicated vanadium resource contributes to the Häggån project, though the numbers are a restatement of previous estimates.
Positive factors
- Resource is in the Indicated category, providing reasonable geological confidence.
Negative factors
- Resource estimate is unchanged from the prior year, indicating no new geological data.
Evidence · table
“0.34”
Context: 45
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
indicatedHäggån · potashTonnes: 45000000Grade: 4.11Grade Unit: %View all detailsHide details
Identity
- Project
- Häggån
- Commodity
- potash
- Region
- sweden
- Reported Region
- Sweden
- Ticker
- AEE
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Rupert Osborn
- Resource group id
- resource:5513650c36c7c7b35d12
Resource Data
- Category
- indicated
- Tonnes
- 45000000
- Grade
- 4.11
- Grade Unit
- %
- Cutoff Grade
- 0.1
- Cutoff Unit
- % V2O5
Prior Estimate
- Resource Date
- 2026-06-30
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This Indicated potash resource contributes to the Häggån project, though the numbers are a restatement of previous estimates.
Positive factors
- Resource is in the Indicated category, providing reasonable geological confidence.
Negative factors
- Resource estimate is unchanged from the prior year, indicating no new geological data.
Evidence · table
“4.11”
Context: 45
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
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
indicatedHäggån · molybdenumTonnes: 45000000Grade: 213Grade Unit: ppmView all detailsHide details
Identity
- Project
- Häggån
- Commodity
- molybdenum
- Region
- sweden
- Reported Region
- Sweden
- Ticker
- AEE
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Rupert Osborn
- Resource group id
- resource:5513650c36c7c7b35d12
Resource Data
- Category
- indicated
- Tonnes
- 45000000
- Grade
- 213
- Grade Unit
- ppm
- Cutoff Grade
- 0.1
- Cutoff Unit
- % V2O5
Prior Estimate
- Resource Date
- 2026-06-30
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This Indicated molybdenum resource contributes to the Häggån project, though the numbers are a restatement of previous estimates.
Positive factors
- Resource is in the Indicated category, providing reasonable geological confidence.
Negative factors
- Resource estimate is unchanged from the prior year, indicating no new geological data.
Evidence · table
“213”
Context: 45
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
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
indicatedHäggån · nickelTonnes: 45000000Grade: 365Grade Unit: ppmView all detailsHide details
Identity
- Project
- Häggån
- Commodity
- nickel
- Region
- sweden
- Reported Region
- Sweden
- Ticker
- AEE
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Rupert Osborn
- Resource group id
- resource:5513650c36c7c7b35d12
Resource Data
- Category
- indicated
- Tonnes
- 45000000
- Grade
- 365
- Grade Unit
- ppm
- Cutoff Grade
- 0.1
- Cutoff Unit
- % V2O5
Prior Estimate
- Resource Date
- 2026-06-30
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This Indicated nickel resource contributes to the Häggån project, though the numbers are a restatement of previous estimates.
Positive factors
- Resource is in the Indicated category, providing reasonable geological confidence.
Negative factors
- Resource estimate is unchanged from the prior year, indicating no new geological data.
Evidence · table
“365”
Context: 45
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
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
indicatedHäggån · zincTonnes: 45000000Grade: 501Grade Unit: ppmView all detailsHide details
Identity
- Project
- Häggån
- Commodity
- zinc
- Region
- sweden
- Reported Region
- Sweden
- Ticker
- AEE
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Rupert Osborn
- Resource group id
- resource:5513650c36c7c7b35d12
Resource Data
- Category
- indicated
- Tonnes
- 45000000
- Grade
- 501
- Grade Unit
- ppm
- Cutoff Grade
- 0.1
- Cutoff Unit
- % V2O5
Prior Estimate
- Resource Date
- 2026-06-30
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This Indicated zinc resource contributes to the Häggån project, though the numbers are a restatement of previous estimates.
Positive factors
- Resource is in the Indicated category, providing reasonable geological confidence.
Negative factors
- Resource estimate is unchanged from the prior year, indicating no new geological data.
Evidence · table
“501”
Context: 45
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
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
inferredHäggån · vanadiumTonnes: 2503000000Grade: 0.27Grade Unit: %Contained Metal: 14873Contained Unit: mlbsView all detailsHide details
Identity
- Project
- Häggån
- Commodity
- vanadium
- Region
- sweden
- Reported Region
- Sweden
- Ticker
- AEE
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Rupert Osborn
- Resource group id
- resource:868116ab0d4e78fa6163
Resource Data
- Category
- inferred
- Tonnes
- 2503000000
- Grade
- 0.27
- Grade Unit
- %
- Contained Metal
- 14873
- Contained Unit
- mlbs
- Cutoff Grade
- 0.1
- Cutoff Unit
- % V2O5
Prior Estimate
- Resource Date
- 2026-06-30
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This Inferred vanadium resource provides potential for future conversion but has lower confidence, and the numbers are a restatement of previous estimates.
Negative factors
- Resource is in the Inferred category, indicating lower geological confidence.
- Resource estimate is unchanged from the prior year, indicating no new geological data.
Evidence · table
“0.27”
Context: 2,503
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
inferredHäggån · potashTonnes: 2503000000Grade: 3.37Grade Unit: %View all detailsHide details
Identity
- Project
- Häggån
- Commodity
- potash
- Region
- sweden
- Reported Region
- Sweden
- Ticker
- AEE
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Rupert Osborn
- Resource group id
- resource:868116ab0d4e78fa6163
Resource Data
- Category
- inferred
- Tonnes
- 2503000000
- Grade
- 3.37
- Grade Unit
- %
- Cutoff Grade
- 0.1
- Cutoff Unit
- % V2O5
Prior Estimate
- Resource Date
- 2026-06-30
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This Inferred potash resource provides potential for future conversion but has lower confidence, and the numbers are a restatement of previous estimates.
Negative factors
- Resource is in the Inferred category, indicating lower geological confidence.
- Resource estimate is unchanged from the prior year, indicating no new geological data.
Evidence · table
“3.37”
Context: 2,503
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
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
inferredHäggån · molybdenumTonnes: 2503000000Grade: 200Grade Unit: ppmView all detailsHide details
Identity
- Project
- Häggån
- Commodity
- molybdenum
- Region
- sweden
- Reported Region
- Sweden
- Ticker
- AEE
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Rupert Osborn
- Resource group id
- resource:868116ab0d4e78fa6163
Resource Data
- Category
- inferred
- Tonnes
- 2503000000
- Grade
- 200
- Grade Unit
- ppm
- Cutoff Grade
- 0.1
- Cutoff Unit
- % V2O5
Prior Estimate
- Resource Date
- 2026-06-30
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This Inferred molybdenum resource provides potential for future conversion but has lower confidence, and the numbers are a restatement of previous estimates.
Negative factors
- Resource is in the Inferred category, indicating lower geological confidence.
- Resource estimate is unchanged from the prior year, indicating no new geological data.
Evidence · table
“200”
Context: 2,503
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
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
inferredHäggån · nickelTonnes: 2503000000Grade: 312Grade Unit: ppmView all detailsHide details
Identity
- Project
- Häggån
- Commodity
- nickel
- Region
- sweden
- Reported Region
- Sweden
- Ticker
- AEE
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Rupert Osborn
- Resource group id
- resource:868116ab0d4e78fa6163
Resource Data
- Category
- inferred
- Tonnes
- 2503000000
- Grade
- 312
- Grade Unit
- ppm
- Cutoff Grade
- 0.1
- Cutoff Unit
- % V2O5
Prior Estimate
- Resource Date
- 2026-06-30
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This Inferred nickel resource provides potential for future conversion but has lower confidence, and the numbers are a restatement of previous estimates.
Negative factors
- Resource is in the Inferred category, indicating lower geological confidence.
- Resource estimate is unchanged from the prior year, indicating no new geological data.
Evidence · table
“312”
Context: 2,503
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
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
inferredHäggån · zincTonnes: 2503000000Grade: 433Grade Unit: ppmView all detailsHide details
Identity
- Project
- Häggån
- Commodity
- zinc
- Region
- sweden
- Reported Region
- Sweden
- Ticker
- AEE
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Rupert Osborn
- Resource group id
- resource:868116ab0d4e78fa6163
Resource Data
- Category
- inferred
- Tonnes
- 2503000000
- Grade
- 433
- Grade Unit
- ppm
- Cutoff Grade
- 0.1
- Cutoff Unit
- % V2O5
Prior Estimate
- Resource Date
- 2026-06-30
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This Inferred zinc resource provides potential for future conversion but has lower confidence, and the numbers are a restatement of previous estimates.
Negative factors
- Resource is in the Inferred category, indicating lower geological confidence.
- Resource estimate is unchanged from the prior year, indicating no new geological data.
Evidence · table
“433”
Context: 2,503
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
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
indicatedHäggån · vanadiumTonnes: 42000000Grade: 0.35Grade Unit: %Contained Metal: 320Contained Unit: mlbsView all detailsHide details
Identity
- Project
- Häggån
- Commodity
- vanadium
- Region
- sweden
- Reported Region
- Sweden
- Ticker
- AEE
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Rupert Osborn
- Resource group id
- resource:cd269f5264898f88394b
Resource Data
- Category
- indicated
- Tonnes
- 42000000
- Grade
- 0.35
- Grade Unit
- %
- Contained Metal
- 320
- Contained Unit
- mlbs
- Cutoff Grade
- 0.2
- Cutoff Unit
- % V2O5
Prior Estimate
- Resource Date
- 2026-06-30
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This Indicated vanadium resource contributes to the Häggån project, though the numbers are a restatement of previous estimates.
Positive factors
- Resource is in the Indicated category, providing reasonable geological confidence.
Negative factors
- Resource estimate is unchanged from the prior year, indicating no new geological data.
Evidence · table
“0.35”
Context: 42
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
indicatedHäggån · potashTonnes: 42000000Grade: 4.13Grade Unit: %View all detailsHide details
Identity
- Project
- Häggån
- Commodity
- potash
- Region
- sweden
- Reported Region
- Sweden
- Ticker
- AEE
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Rupert Osborn
- Resource group id
- resource:cd269f5264898f88394b
Resource Data
- Category
- indicated
- Tonnes
- 42000000
- Grade
- 4.13
- Grade Unit
- %
- Cutoff Grade
- 0.2
- Cutoff Unit
- % V2O5
Prior Estimate
- Resource Date
- 2026-06-30
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This Indicated potash resource contributes to the Häggån project, though the numbers are a restatement of previous estimates.
Positive factors
- Resource is in the Indicated category, providing reasonable geological confidence.
Negative factors
- Resource estimate is unchanged from the prior year, indicating no new geological data.
Evidence · table
“4.13”
Context: 42
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
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
indicatedHäggån · molybdenumTonnes: 42000000Grade: 217Grade Unit: ppmView all detailsHide details
Identity
- Project
- Häggån
- Commodity
- molybdenum
- Region
- sweden
- Reported Region
- Sweden
- Ticker
- AEE
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Rupert Osborn
- Resource group id
- resource:cd269f5264898f88394b
Resource Data
- Category
- indicated
- Tonnes
- 42000000
- Grade
- 217
- Grade Unit
- ppm
- Cutoff Grade
- 0.2
- Cutoff Unit
- % V2O5
Prior Estimate
- Resource Date
- 2026-06-30
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This Indicated molybdenum resource contributes to the Häggån project, though the numbers are a restatement of previous estimates.
Positive factors
- Resource is in the Indicated category, providing reasonable geological confidence.
Negative factors
- Resource estimate is unchanged from the prior year, indicating no new geological data.
Evidence · table
“217”
Context: 42
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
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
indicatedHäggån · nickelTonnes: 42000000Grade: 375Grade Unit: ppmView all detailsHide details
Identity
- Project
- Häggån
- Commodity
- nickel
- Region
- sweden
- Reported Region
- Sweden
- Ticker
- AEE
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Rupert Osborn
- Resource group id
- resource:cd269f5264898f88394b
Resource Data
- Category
- indicated
- Tonnes
- 42000000
- Grade
- 375
- Grade Unit
- ppm
- Cutoff Grade
- 0.2
- Cutoff Unit
- % V2O5
Prior Estimate
- Resource Date
- 2026-06-30
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This Indicated nickel resource contributes to the Häggån project, though the numbers are a restatement of previous estimates.
Positive factors
- Resource is in the Indicated category, providing reasonable geological confidence.
Negative factors
- Resource estimate is unchanged from the prior year, indicating no new geological data.
Evidence · table
“375”
Context: 42
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
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
indicatedHäggån · zincTonnes: 42000000Grade: 512Grade Unit: ppmView all detailsHide details
Identity
- Project
- Häggån
- Commodity
- zinc
- Region
- sweden
- Reported Region
- Sweden
- Ticker
- AEE
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Rupert Osborn
- Resource group id
- resource:cd269f5264898f88394b
Resource Data
- Category
- indicated
- Tonnes
- 42000000
- Grade
- 512
- Grade Unit
- ppm
- Cutoff Grade
- 0.2
- Cutoff Unit
- % V2O5
Prior Estimate
- Resource Date
- 2026-06-30
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This Indicated zinc resource contributes to the Häggån project, though the numbers are a restatement of previous estimates.
Positive factors
- Resource is in the Indicated category, providing reasonable geological confidence.
Negative factors
- Resource estimate is unchanged from the prior year, indicating no new geological data.
Evidence · table
“512”
Context: 42
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
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
inferredHäggån · vanadiumTonnes: 1963000000Grade: 0.3Grade Unit: %Contained Metal: 13010Contained Unit: mlbsView all detailsHide details
Identity
- Project
- Häggån
- Commodity
- vanadium
- Region
- sweden
- Reported Region
- Sweden
- Ticker
- AEE
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Rupert Osborn
- Resource group id
- resource:f0751f74037ff5d5413f
Resource Data
- Category
- inferred
- Tonnes
- 1963000000
- Grade
- 0.3
- Grade Unit
- %
- Contained Metal
- 13010
- Contained Unit
- mlbs
- Cutoff Grade
- 0.2
- Cutoff Unit
- % V2O5
Prior Estimate
- Resource Date
- 2026-06-30
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This Inferred vanadium resource provides potential for future conversion but has lower confidence, and the numbers are a restatement of previous estimates.
Negative factors
- Resource is in the Inferred category, indicating lower geological confidence.
- Resource estimate is unchanged from the prior year, indicating no new geological data.
Evidence · table
“0.30”
Context: 1,963
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
inferredHäggån · potashTonnes: 1963000000Grade: 3.8Grade Unit: %View all detailsHide details
Identity
- Project
- Häggån
- Commodity
- potash
- Region
- sweden
- Reported Region
- Sweden
- Ticker
- AEE
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Rupert Osborn
- Resource group id
- resource:f0751f74037ff5d5413f
Resource Data
- Category
- inferred
- Tonnes
- 1963000000
- Grade
- 3.8
- Grade Unit
- %
- Cutoff Grade
- 0.2
- Cutoff Unit
- % V2O5
Prior Estimate
- Resource Date
- 2026-06-30
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This Inferred potash resource provides potential for future conversion but has lower confidence, and the numbers are a restatement of previous estimates.
Negative factors
- Resource is in the Inferred category, indicating lower geological confidence.
- Resource estimate is unchanged from the prior year, indicating no new geological data.
Evidence · table
“3.80”
Context: 1,963
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
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
inferredHäggån · molybdenumTonnes: 1963000000Grade: 212Grade Unit: ppmView all detailsHide details
Identity
- Project
- Häggån
- Commodity
- molybdenum
- Region
- sweden
- Reported Region
- Sweden
- Ticker
- AEE
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Rupert Osborn
- Resource group id
- resource:f0751f74037ff5d5413f
Resource Data
- Category
- inferred
- Tonnes
- 1963000000
- Grade
- 212
- Grade Unit
- ppm
- Cutoff Grade
- 0.2
- Cutoff Unit
- % V2O5
Prior Estimate
- Resource Date
- 2026-06-30
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This Inferred molybdenum resource provides potential for future conversion but has lower confidence, and the numbers are a restatement of previous estimates.
Negative factors
- Resource is in the Inferred category, indicating lower geological confidence.
- Resource estimate is unchanged from the prior year, indicating no new geological data.
Evidence · table
“212”
Context: 1,963
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
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
inferredHäggån · nickelTonnes: 1963000000Grade: 337Grade Unit: ppmView all detailsHide details
Identity
- Project
- Häggån
- Commodity
- nickel
- Region
- sweden
- Reported Region
- Sweden
- Ticker
- AEE
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Rupert Osborn
- Resource group id
- resource:f0751f74037ff5d5413f
Resource Data
- Category
- inferred
- Tonnes
- 1963000000
- Grade
- 337
- Grade Unit
- ppm
- Cutoff Grade
- 0.2
- Cutoff Unit
- % V2O5
Prior Estimate
- Resource Date
- 2026-06-30
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This Inferred nickel resource provides potential for future conversion but has lower confidence, and the numbers are a restatement of previous estimates.
Negative factors
- Resource is in the Inferred category, indicating lower geological confidence.
- Resource estimate is unchanged from the prior year, indicating no new geological data.
Evidence · table
“337”
Context: 1,963
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
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
inferredHäggån · zincTonnes: 1963000000Grade: 463Grade Unit: ppmView all detailsHide details
Identity
- Project
- Häggån
- Commodity
- zinc
- Region
- sweden
- Reported Region
- Sweden
- Ticker
- AEE
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Rupert Osborn
- Resource group id
- resource:f0751f74037ff5d5413f
Resource Data
- Category
- inferred
- Tonnes
- 1963000000
- Grade
- 463
- Grade Unit
- ppm
- Cutoff Grade
- 0.2
- Cutoff Unit
- % V2O5
Prior Estimate
- Resource Date
- 2026-06-30
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This Inferred zinc resource provides potential for future conversion but has lower confidence, and the numbers are a restatement of previous estimates.
Negative factors
- Resource is in the Inferred category, indicating lower geological confidence.
- Resource estimate is unchanged from the prior year, indicating no new geological data.
Evidence · table
“463”
Context: 1,963
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
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
indicatedHäggån · vanadiumTonnes: 61000000Grade: 0.38Grade Unit: %Contained Metal: 258Contained Unit: mlbsView all detailsHide details
Identity
- Project
- Häggån
- Commodity
- vanadium
- Region
- sweden
- Reported Region
- Sweden
- Ticker
- AEE
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Rupert Osborn
- Resource group id
- resource:7586ca27ca30e7075d7d
Resource Data
- Category
- indicated
- Tonnes
- 61000000
- Grade
- 0.38
- Grade Unit
- %
- Contained Metal
- 258
- Contained Unit
- mlbs
- Cutoff Grade
- 0.3
- Cutoff Unit
- % V2O5
Prior Estimate
- Resource Date
- 2026-06-30
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This Indicated vanadium resource contributes to the Häggån project, though the numbers are a restatement of previous estimates.
Positive factors
- Resource is in the Indicated category, providing reasonable geological confidence.
Negative factors
- Resource estimate is unchanged from the prior year, indicating no new geological data.
Evidence · table
“0.38”
Context: 61
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
indicatedHäggån · potashTonnes: 61000000Grade: 4.22Grade Unit: %View all detailsHide details
Identity
- Project
- Häggån
- Commodity
- potash
- Region
- sweden
- Reported Region
- Sweden
- Ticker
- AEE
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Rupert Osborn
- Resource group id
- resource:7586ca27ca30e7075d7d
Resource Data
- Category
- indicated
- Tonnes
- 61000000
- Grade
- 4.22
- Grade Unit
- %
- Cutoff Grade
- 0.3
- Cutoff Unit
- % V2O5
Prior Estimate
- Resource Date
- 2026-06-30
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This Indicated potash resource contributes to the Häggån project, though the numbers are a restatement of previous estimates.
Positive factors
- Resource is in the Indicated category, providing reasonable geological confidence.
Negative factors
- Resource estimate is unchanged from the prior year, indicating no new geological data.
Evidence · table
“4.22”
Context: 61
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
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
indicatedHäggån · molybdenumTonnes: 61000000Grade: 223Grade Unit: ppmView all detailsHide details
Identity
- Project
- Häggån
- Commodity
- molybdenum
- Region
- sweden
- Reported Region
- Sweden
- Ticker
- AEE
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Rupert Osborn
- Resource group id
- resource:7586ca27ca30e7075d7d
Resource Data
- Category
- indicated
- Tonnes
- 61000000
- Grade
- 223
- Grade Unit
- ppm
- Cutoff Grade
- 0.3
- Cutoff Unit
- % V2O5
Prior Estimate
- Resource Date
- 2026-06-30
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This Indicated molybdenum resource contributes to the Häggån project, though the numbers are a restatement of previous estimates.
Positive factors
- Resource is in the Indicated category, providing reasonable geological confidence.
Negative factors
- Resource estimate is unchanged from the prior year, indicating no new geological data.
Evidence · table
“223”
Context: 61
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
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
indicatedHäggån · nickelTonnes: 61000000Grade: 398Grade Unit: ppmView all detailsHide details
Identity
- Project
- Häggån
- Commodity
- nickel
- Region
- sweden
- Reported Region
- Sweden
- Ticker
- AEE
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Rupert Osborn
- Resource group id
- resource:7586ca27ca30e7075d7d
Resource Data
- Category
- indicated
- Tonnes
- 61000000
- Grade
- 398
- Grade Unit
- ppm
- Cutoff Grade
- 0.3
- Cutoff Unit
- % V2O5
Prior Estimate
- Resource Date
- 2026-06-30
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This Indicated nickel resource contributes to the Häggån project, though the numbers are a restatement of previous estimates.
Positive factors
- Resource is in the Indicated category, providing reasonable geological confidence.
Negative factors
- Resource estimate is unchanged from the prior year, indicating no new geological data.
Evidence · table
“398”
Context: 61
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
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
indicatedHäggån · zincTonnes: 61000000Grade: 536Grade Unit: ppmView all detailsHide details
Identity
- Project
- Häggån
- Commodity
- zinc
- Region
- sweden
- Reported Region
- Sweden
- Ticker
- AEE
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Rupert Osborn
- Resource group id
- resource:7586ca27ca30e7075d7d
Resource Data
- Category
- indicated
- Tonnes
- 61000000
- Grade
- 536
- Grade Unit
- ppm
- Cutoff Grade
- 0.3
- Cutoff Unit
- % V2O5
Prior Estimate
- Resource Date
- 2026-06-30
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This Indicated zinc resource contributes to the Häggån project, though the numbers are a restatement of previous estimates.
Positive factors
- Resource is in the Indicated category, providing reasonable geological confidence.
Negative factors
- Resource estimate is unchanged from the prior year, indicating no new geological data.
Evidence · table
“536”
Context: 61
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
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
inferredHäggån · vanadiumTonnes: 954000000Grade: 0.35Grade Unit: %Contained Metal: 7390Contained Unit: mlbsView all detailsHide details
Identity
- Project
- Häggån
- Commodity
- vanadium
- Region
- sweden
- Reported Region
- Sweden
- Ticker
- AEE
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Rupert Osborn
- Resource group id
- resource:dd08d67d33f3ce7d343d
Resource Data
- Category
- inferred
- Tonnes
- 954000000
- Grade
- 0.35
- Grade Unit
- %
- Contained Metal
- 7390
- Contained Unit
- mlbs
- Cutoff Grade
- 0.3
- Cutoff Unit
- % V2O5
Prior Estimate
- Resource Date
- 2026-06-30
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This Inferred vanadium resource provides potential for future conversion but has lower confidence, and the numbers are a restatement of previous estimates.
Negative factors
- Resource is in the Inferred category, indicating lower geological confidence.
- Resource estimate is unchanged from the prior year, indicating no new geological data.
Evidence · table
“0.35”
Context: 954
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
inferredHäggån · potashTonnes: 954000000Grade: 3.95Grade Unit: %View all detailsHide details
Identity
- Project
- Häggån
- Commodity
- potash
- Region
- sweden
- Reported Region
- Sweden
- Ticker
- AEE
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Rupert Osborn
- Resource group id
- resource:dd08d67d33f3ce7d343d
Resource Data
- Category
- inferred
- Tonnes
- 954000000
- Grade
- 3.95
- Grade Unit
- %
- Cutoff Grade
- 0.3
- Cutoff Unit
- % V2O5
Prior Estimate
- Resource Date
- 2026-06-30
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This Inferred potash resource provides potential for future conversion but has lower confidence, and the numbers are a restatement of previous estimates.
Negative factors
- Resource is in the Inferred category, indicating lower geological confidence.
- Resource estimate is unchanged from the prior year, indicating no new geological data.
Evidence · table
“3.95”
Context: 954
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
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
inferredHäggån · molybdenumTonnes: 954000000Grade: 226Grade Unit: ppmView all detailsHide details
Identity
- Project
- Häggån
- Commodity
- molybdenum
- Region
- sweden
- Reported Region
- Sweden
- Ticker
- AEE
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Rupert Osborn
- Resource group id
- resource:dd08d67d33f3ce7d343d
Resource Data
- Category
- inferred
- Tonnes
- 954000000
- Grade
- 226
- Grade Unit
- ppm
- Cutoff Grade
- 0.3
- Cutoff Unit
- % V2O5
Prior Estimate
- Resource Date
- 2026-06-30
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This Inferred molybdenum resource provides potential for future conversion but has lower confidence, and the numbers are a restatement of previous estimates.
Negative factors
- Resource is in the Inferred category, indicating lower geological confidence.
- Resource estimate is unchanged from the prior year, indicating no new geological data.
Evidence · table
“226”
Context: 954
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
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
inferredHäggån · nickelTonnes: 954000000Grade: 374Grade Unit: ppmView all detailsHide details
Identity
- Project
- Häggån
- Commodity
- nickel
- Region
- sweden
- Reported Region
- Sweden
- Ticker
- AEE
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Rupert Osborn
- Resource group id
- resource:dd08d67d33f3ce7d343d
Resource Data
- Category
- inferred
- Tonnes
- 954000000
- Grade
- 374
- Grade Unit
- ppm
- Cutoff Grade
- 0.3
- Cutoff Unit
- % V2O5
Prior Estimate
- Resource Date
- 2026-06-30
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This Inferred nickel resource provides potential for future conversion but has lower confidence, and the numbers are a restatement of previous estimates.
Negative factors
- Resource is in the Inferred category, indicating lower geological confidence.
- Resource estimate is unchanged from the prior year, indicating no new geological data.
Evidence · table
“374”
Context: 954
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
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
inferredHäggån · zincTonnes: 954000000Grade: 503Grade Unit: ppmView all detailsHide details
Identity
- Project
- Häggån
- Commodity
- zinc
- Region
- sweden
- Reported Region
- Sweden
- Ticker
- AEE
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Rupert Osborn
- Resource group id
- resource:dd08d67d33f3ce7d343d
Resource Data
- Category
- inferred
- Tonnes
- 954000000
- Grade
- 503
- Grade Unit
- ppm
- Cutoff Grade
- 0.3
- Cutoff Unit
- % V2O5
Prior Estimate
- Resource Date
- 2026-06-30
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This Inferred zinc resource provides potential for future conversion but has lower confidence, and the numbers are a restatement of previous estimates.
Negative factors
- Resource is in the Inferred category, indicating lower geological confidence.
- Resource estimate is unchanged from the prior year, indicating no new geological data.
Evidence · table
“503”
Context: 954
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
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
indicatedHäggån · vanadiumTonnes: 11000000Grade: 0.44Grade Unit: %Contained Metal: 101Contained Unit: mlbsView all detailsHide details
Identity
- Project
- Häggån
- Commodity
- vanadium
- Region
- sweden
- Reported Region
- Sweden
- Ticker
- AEE
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Rupert Osborn
- Resource group id
- resource:16f03e1b38ca104244a8
Resource Data
- Category
- indicated
- Tonnes
- 11000000
- Grade
- 0.44
- Grade Unit
- %
- Contained Metal
- 101
- Contained Unit
- mlbs
- Cutoff Grade
- 0.4
- Cutoff Unit
- % V2O5
Prior Estimate
- Resource Date
- 2026-06-30
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This Indicated vanadium resource contributes to the Häggån project, though the numbers are a restatement of previous estimates.
Positive factors
- Resource is in the Indicated category, providing reasonable geological confidence.
Negative factors
- Resource estimate is unchanged from the prior year, indicating no new geological data.
Evidence · table
“0.44”
Context: 11
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
indicatedHäggån · potashTonnes: 11000000Grade: 4.46Grade Unit: %View all detailsHide details
Identity
- Project
- Häggån
- Commodity
- potash
- Region
- sweden
- Reported Region
- Sweden
- Ticker
- AEE
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Rupert Osborn
- Resource group id
- resource:16f03e1b38ca104244a8
Resource Data
- Category
- indicated
- Tonnes
- 11000000
- Grade
- 4.46
- Grade Unit
- %
- Cutoff Grade
- 0.4
- Cutoff Unit
- % V2O5
Prior Estimate
- Resource Date
- 2026-06-30
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This Indicated potash resource contributes to the Häggån project, though the numbers are a restatement of previous estimates.
Positive factors
- Resource is in the Indicated category, providing reasonable geological confidence.
Negative factors
- Resource estimate is unchanged from the prior year, indicating no new geological data.
Evidence · table
“4.46”
Context: 11
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
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
indicatedHäggån · molybdenumTonnes: 11000000Grade: 225Grade Unit: ppmView all detailsHide details
Identity
- Project
- Häggån
- Commodity
- molybdenum
- Region
- sweden
- Reported Region
- Sweden
- Ticker
- AEE
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Rupert Osborn
- Resource group id
- resource:16f03e1b38ca104244a8
Resource Data
- Category
- indicated
- Tonnes
- 11000000
- Grade
- 225
- Grade Unit
- ppm
- Cutoff Grade
- 0.4
- Cutoff Unit
- % V2O5
Prior Estimate
- Resource Date
- 2026-06-30
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This Indicated molybdenum resource contributes to the Häggån project, though the numbers are a restatement of previous estimates.
Positive factors
- Resource is in the Indicated category, providing reasonable geological confidence.
Negative factors
- Resource estimate is unchanged from the prior year, indicating no new geological data.
Evidence · table
“225”
Context: 11
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
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
indicatedHäggån · nickelTonnes: 11000000Grade: 429Grade Unit: ppmView all detailsHide details
Identity
- Project
- Häggån
- Commodity
- nickel
- Region
- sweden
- Reported Region
- Sweden
- Ticker
- AEE
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Rupert Osborn
- Resource group id
- resource:16f03e1b38ca104244a8
Resource Data
- Category
- indicated
- Tonnes
- 11000000
- Grade
- 429
- Grade Unit
- ppm
- Cutoff Grade
- 0.4
- Cutoff Unit
- % V2O5
Prior Estimate
- Resource Date
- 2026-06-30
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This Indicated nickel resource contributes to the Häggån project, though the numbers are a restatement of previous estimates.
Positive factors
- Resource is in the Indicated category, providing reasonable geological confidence.
Negative factors
- Resource estimate is unchanged from the prior year, indicating no new geological data.
Evidence · table
“429”
Context: 11
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
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
indicatedHäggån · zincTonnes: 11000000Grade: 580Grade Unit: ppmView all detailsHide details
Identity
- Project
- Häggån
- Commodity
- zinc
- Region
- sweden
- Reported Region
- Sweden
- Ticker
- AEE
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Rupert Osborn
- Resource group id
- resource:16f03e1b38ca104244a8
Resource Data
- Category
- indicated
- Tonnes
- 11000000
- Grade
- 580
- Grade Unit
- ppm
- Cutoff Grade
- 0.4
- Cutoff Unit
- % V2O5
Prior Estimate
- Resource Date
- 2026-06-30
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This Indicated zinc resource contributes to the Häggån project, though the numbers are a restatement of previous estimates.
Positive factors
- Resource is in the Indicated category, providing reasonable geological confidence.
Negative factors
- Resource estimate is unchanged from the prior year, indicating no new geological data.
Evidence · table
“580”
Context: 11
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
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
inferredHäggån · vanadiumTonnes: 113000000Grade: 0.43Grade Unit: %Contained Metal: 1072Contained Unit: mlbsView all detailsHide details
Identity
- Project
- Häggån
- Commodity
- vanadium
- Region
- sweden
- Reported Region
- Sweden
- Ticker
- AEE
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Rupert Osborn
- Resource group id
- resource:2abb10a2f9c87bcd73b3
Resource Data
- Category
- inferred
- Tonnes
- 113000000
- Grade
- 0.43
- Grade Unit
- %
- Contained Metal
- 1072
- Contained Unit
- mlbs
- Cutoff Grade
- 0.4
- Cutoff Unit
- % V2O5
Prior Estimate
- Resource Date
- 2026-06-30
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This Inferred vanadium resource provides potential for future conversion but has lower confidence, and the numbers are a restatement of previous estimates.
Negative factors
- Resource is in the Inferred category, indicating lower geological confidence.
- Resource estimate is unchanged from the prior year, indicating no new geological data.
Evidence · table
“0.43”
Context: 113
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
inferredHäggån · potashTonnes: 113000000Grade: 4.25Grade Unit: %View all detailsHide details
Identity
- Project
- Häggån
- Commodity
- potash
- Region
- sweden
- Reported Region
- Sweden
- Ticker
- AEE
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Rupert Osborn
- Resource group id
- resource:2abb10a2f9c87bcd73b3
Resource Data
- Category
- inferred
- Tonnes
- 113000000
- Grade
- 4.25
- Grade Unit
- %
- Cutoff Grade
- 0.4
- Cutoff Unit
- % V2O5
Prior Estimate
- Resource Date
- 2026-06-30
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This Inferred potash resource provides potential for future conversion but has lower confidence, and the numbers are a restatement of previous estimates.
Negative factors
- Resource is in the Inferred category, indicating lower geological confidence.
- Resource estimate is unchanged from the prior year, indicating no new geological data.
Evidence · table
“4.25”
Context: 113
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
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
inferredHäggån · molybdenumTonnes: 113000000Grade: 232Grade Unit: ppmView all detailsHide details
Identity
- Project
- Häggån
- Commodity
- molybdenum
- Region
- sweden
- Reported Region
- Sweden
- Ticker
- AEE
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Rupert Osborn
- Resource group id
- resource:2abb10a2f9c87bcd73b3
Resource Data
- Category
- inferred
- Tonnes
- 113000000
- Grade
- 232
- Grade Unit
- ppm
- Cutoff Grade
- 0.4
- Cutoff Unit
- % V2O5
Prior Estimate
- Resource Date
- 2026-06-30
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This Inferred molybdenum resource provides potential for future conversion but has lower confidence, and the numbers are a restatement of previous estimates.
Negative factors
- Resource is in the Inferred category, indicating lower geological confidence.
- Resource estimate is unchanged from the prior year, indicating no new geological data.
Evidence · table
“232”
Context: 113
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
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
inferredHäggån · nickelTonnes: 113000000Grade: 419Grade Unit: ppmView all detailsHide details
Identity
- Project
- Häggån
- Commodity
- nickel
- Region
- sweden
- Reported Region
- Sweden
- Ticker
- AEE
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Rupert Osborn
- Resource group id
- resource:2abb10a2f9c87bcd73b3
Resource Data
- Category
- inferred
- Tonnes
- 113000000
- Grade
- 419
- Grade Unit
- ppm
- Cutoff Grade
- 0.4
- Cutoff Unit
- % V2O5
Prior Estimate
- Resource Date
- 2026-06-30
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This Inferred nickel resource provides potential for future conversion but has lower confidence, and the numbers are a restatement of previous estimates.
Negative factors
- Resource is in the Inferred category, indicating lower geological confidence.
- Resource estimate is unchanged from the prior year, indicating no new geological data.
Evidence · table
“419”
Context: 113
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
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
inferredHäggån · zincTonnes: 113000000Grade: 562Grade Unit: ppmView all detailsHide details
Identity
- Project
- Häggån
- Commodity
- zinc
- Region
- sweden
- Reported Region
- Sweden
- Ticker
- AEE
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Rupert Osborn
- Resource group id
- resource:2abb10a2f9c87bcd73b3
Resource Data
- Category
- inferred
- Tonnes
- 113000000
- Grade
- 562
- Grade Unit
- ppm
- Cutoff Grade
- 0.4
- Cutoff Unit
- % V2O5
Prior Estimate
- Resource Date
- 2026-06-30
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This Inferred zinc resource provides potential for future conversion but has lower confidence, and the numbers are a restatement of previous estimates.
Negative factors
- Resource is in the Inferred category, indicating lower geological confidence.
- Resource estimate is unchanged from the prior year, indicating no new geological data.
Evidence · table
“562”
Context: 113
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
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
inferredHäggån · uraniumTonnes: 2350000000Grade: 155Grade Unit: ppmContained Metal: 800Contained Unit: mlbsHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Häggån
- Commodity
- uranium
- Region
- sweden
- Reported Region
- Sweden
- Ticker
- AEE
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Arnold van der Heyden
- Resource group id
- resource:1f4ffd75827c3b22e7e3
Resource Data
- Category
- inferred
- Tonnes
- 2350000000
- Grade
- 155
- Grade Unit
- ppm
- Contained Metal
- 800
- Contained Unit
- mlbs
- Cutoff Grade
- 100
- Cutoff Unit
- ppm U3O8
Prior Estimate
- Resource Date
- 2026-06-30
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2012-08-22T00:00:00.000Z
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This Inferred uranium resource is a significant scale but is based on historical data and reporting standards, limiting its current confidence and novelty.
Negative factors
- Resource is in the Inferred category, indicating lower geological confidence.
- Resource estimate is unchanged from the prior year, indicating no new geological data.
- Estimate is historical (JORC 2004) and has not been updated to comply with JORC 2012, raising concerns about data currency and reporting standards.
Evidence · table
“155”
Context: 2,350
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
inferredHäggån · molybdenumTonnes: 2350000000Grade: 207Grade Unit: ppmHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Häggån
- Commodity
- molybdenum
- Region
- sweden
- Reported Region
- Sweden
- Ticker
- AEE
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Arnold van der Heyden
- Resource group id
- resource:1f4ffd75827c3b22e7e3
Resource Data
- Category
- inferred
- Tonnes
- 2350000000
- Grade
- 207
- Grade Unit
- ppm
- Cutoff Grade
- 100
- Cutoff Unit
- ppm U3O8
Prior Estimate
- Resource Date
- 2026-06-30
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2012-08-22T00:00:00.000Z
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This Inferred molybdenum resource is based on historical data and reporting standards, limiting its current confidence and novelty.
Negative factors
- Resource is in the Inferred category, indicating lower geological confidence.
- Resource estimate is unchanged from the prior year, indicating no new geological data.
- Estimate is historical (JORC 2004) and has not been updated to comply with JORC 2012, raising concerns about data currency and reporting standards.
Evidence · table
“207”
Context: 2,350
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
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
inferredHäggån · vanadiumTonnes: 2350000000Grade: 1519Grade Unit: ppmHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Häggån
- Commodity
- vanadium
- Region
- sweden
- Reported Region
- Sweden
- Ticker
- AEE
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Arnold van der Heyden
- Resource group id
- resource:1f4ffd75827c3b22e7e3
Resource Data
- Category
- inferred
- Tonnes
- 2350000000
- Grade
- 1519
- Grade Unit
- ppm
- Cutoff Grade
- 100
- Cutoff Unit
- ppm U3O8
Prior Estimate
- Resource Date
- 2026-06-30
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2012-08-22T00:00:00.000Z
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This Inferred vanadium resource is based on historical data and reporting standards, limiting its current confidence and novelty.
Negative factors
- Resource is in the Inferred category, indicating lower geological confidence.
- Resource estimate is unchanged from the prior year, indicating no new geological data.
- Estimate is historical (JORC 2004) and has not been updated to comply with JORC 2012, raising concerns about data currency and reporting standards.
Evidence · table
“1,519”
Context: 2,350
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
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
inferredHäggån · nickelTonnes: 2350000000Grade: 316Grade Unit: ppmHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Häggån
- Commodity
- nickel
- Region
- sweden
- Reported Region
- Sweden
- Ticker
- AEE
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Arnold van der Heyden
- Resource group id
- resource:1f4ffd75827c3b22e7e3
Resource Data
- Category
- inferred
- Tonnes
- 2350000000
- Grade
- 316
- Grade Unit
- ppm
- Cutoff Grade
- 100
- Cutoff Unit
- ppm U3O8
Prior Estimate
- Resource Date
- 2026-06-30
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2012-08-22T00:00:00.000Z
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This Inferred nickel resource is based on historical data and reporting standards, limiting its current confidence and novelty.
Negative factors
- Resource is in the Inferred category, indicating lower geological confidence.
- Resource estimate is unchanged from the prior year, indicating no new geological data.
- Estimate is historical (JORC 2004) and has not been updated to comply with JORC 2012, raising concerns about data currency and reporting standards.
Evidence · table
“316”
Context: 2,350
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
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
inferredHäggån · zincTonnes: 2350000000Grade: 431Grade Unit: ppmHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Häggån
- Commodity
- zinc
- Region
- sweden
- Reported Region
- Sweden
- Ticker
- AEE
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Arnold van der Heyden
- Resource group id
- resource:1f4ffd75827c3b22e7e3
Resource Data
- Category
- inferred
- Tonnes
- 2350000000
- Grade
- 431
- Grade Unit
- ppm
- Cutoff Grade
- 100
- Cutoff Unit
- ppm U3O8
Prior Estimate
- Resource Date
- 2026-06-30
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2012-08-22T00:00:00.000Z
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This Inferred zinc resource is based on historical data and reporting standards, limiting its current confidence and novelty.
Negative factors
- Resource is in the Inferred category, indicating lower geological confidence.
- Resource estimate is unchanged from the prior year, indicating no new geological data.
- Estimate is historical (JORC 2004) and has not been updated to comply with JORC 2012, raising concerns about data currency and reporting standards.
Evidence · table
“431”
Context: 2,350
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
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
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.