AGC: Annual Report to shareholders
Original announcement by asx on
- Company
- AUSTRALIAN GOLD AND COPPER LIMITED
- Ticker
- AGC
- Exchange
- ASX
- Region
- New South Wales
- Primary commodity
- Gold
- Secondary commodities
- Silver, Zinc, Lead, Copper
- Document categories
- Resource update, Drill results, Metallurgy
- Extracted
- 2026-09-29 16:10:42 UTC
Analysis by Minestarters Atlas
Atlas analysis published:
Minestarters Atlas analysis
Summary
Australian Gold and Copper Limited reported an initial JORC-compliant Mineral Resource Estimate for its Achilles project, totaling 38.5 Moz AgEq, with significant portions in the Indicated category. The company also announced high-grade drill results from both Achilles and the newly acquired Evergreen project, including bonanza silver equivalent intercepts and strong polymetallic mineralization. Initial metallurgical test work for Achilles demonstrated robust recoveries for silver, gold, lead, and zinc, supporting the economic viability of the project. Additionally, AGC completed several strategic acquisitions, significantly expanding its landholding in the South Cobar region of New South Wales.
Reasoning: The annual report highlights significant progress with the declaration of a maiden JORC-compliant Mineral Resource Estimate for the Achilles project, reporting substantial AgEq ounces. New high-grade drill results from Evergreen and Achilles, including bonanza AgEq intercepts, demonstrate strong exploration success and potential for resource growth. Positive metallurgical test work supports the recoverability of metals. Strategic acquisitions have expanded the company's land position and project pipeline, indicating strong growth and de-risking of the portfolio.
Positive factors
- Initial Mineral Resource Estimate declared for Achilles
- High-grade drill intercepts at Evergreen and Achilles
- Positive metallurgical test results for Achilles
- Strategic acquisitions expanding land position and project portfolio
Negative factors
- Combined Zn+Pb grades reported in drill results, preventing individual metal extraction
- Metallurgical test work did not explicitly name the laboratory or consultant
Low confidence — this extraction should be reviewed alongside the original source.
Facts used in scoring: 61
Classification and evidence
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: The Mineral Resource Estimate for Achilles explicitly states conformity to the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (JORC Code) 2012 Edition.
Evidence · text
“The preceding statements of Mineral Resources conform to the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (JORC Code) 2012 Edition.”
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 Mineral Resource Estimate is based on information compiled by Mr Arnold van der Heyden, a Director of H & S Consultants Pty Limited and a member of the Australian Institute of Mining and Metallurgy, who consents to the inclusion of the report.
Evidence · text
“The information in this report that relates to Mineral Resource Estimates is based on and fairly represents information and supporting documentation compiled by Mr Arnold van der Heyden who is a Director of H & S Consultants Pty Limited. Mr van der Heyden is a member and Chartered Professional (Geology) of the Australian Institute of Mining and Metallurgy and has sufficient experience that is relevant to the style of mineralisation and type of deposit under consideration, and to the activity being undertaken, to qualify as a Competent Person as defined in the 2012 edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’ (JORC code). Mr van der Heyden consents to the inclusion in this report of the matters based on the information in the form and context in which it appears.”
Maiden Resourceneutral
First formal MRE for the project — establishes baseline but typically exploration-stage with high Inferred component.
Why it applies: The document refers to the 'initial Mineral Resource Estimate (MRE) for the Achilles Deposit'.
Evidence · text
“Initial Indicated and Inferred Mineral Resource Estimate (MRE) for the Achilles Deposit was declared in FY26”
Metal Equivalent Opaquenegative
Metal equivalent grade reported without disclosing the price, recovery, or payability assumptions used.
Why it applies: The metal equivalent calculation for exploration results (AgEq g/t = Ag g/t + Au g/t*92.6 + Zn%*32.1 + Pb*21.8%) uses assumed metal prices and recoveries, which are disclosed in the document.
Evidence · text
“Silver equivalent (AgEq) metal prices used in drill hole interval calculations were US$31.6/oz for Ag, US$2,700/oz for Au, US$2,850/t for Zn, US$2,000/t for Pb. The applied formula was: AgEq(%) = Ag(g/t) + 92.6*Au(g/t) + 32.1*Zn(%) + 21.8*Pb(%).”
QA/QC Disclosedpositive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Why it applies: The document mentions that the information relating to Exploration Results is based on information compiled by Mr. Glen Diemar, a member of the Australian Institute of Geoscientists and a Competent Person as defined in the JORC Code.
Evidence · text
“The information in this document that relates to Exploration Results, Mineral Resources or Ore Reserves is based on information compiled by Mr. Glen Diemar, who is a member of the Australian Institute of Geoscientists. Mr. Diemar is a full-time employee of Australian Gold and Copper Ltd, and is a shareholder. However Mr. Diemar believes this shareholding does not create a conflict of interest, as Mr. Diemar has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2012 Edition of the “Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves”.”
Bonanza Interceptpositive
Exceptionally high-grade zone, well above the deposit-type norm.
Why it applies: The intercept of 0.9m at 5,332g/t AgEq is exceptionally high-grade, well above typical thresholds for silver equivalent.
Evidence · text
“including 0.9m at 5,332g/t AgEq from 216.1m”
High Recoverypositive
Recovery at or above the exceptional band for the commodity and processing route.
Why it applies: The metallurgical test work reported combined float/leach recoveries of 90.3% for gold and 95.7% for zinc, which are at or above the exceptional band for these commodities and processing routes.
Evidence · text
“Combined float/leach recoveries of 83.0% silver & 90.3% gold, with concentrate grades of up to 1,267 g/t & 4.9 g/t respectively • 92.2% lead & 95.7% zinc, with concentrate grades of up to 18.5% & 32.8% respectively”
Multi-Domain Testedpositive
Variability across ore domains (oxide, transition, fresh) has been addressed.
Why it applies: The metallurgical test work was conducted on a bulk composite sample selected from twenty-six individual core samples within seven diamond holes, indicating an effort to represent variability.
Evidence · text
“Initial metallurgical test work, comprising flotation and leaching test work on a bulk composite sample, has highlighted the potential for robust metal recoveries of all metals to a silver-gold-lead-zinc concentrate at Achilles. The composite was selected from twenty-six individual core samples within seven diamond holes”
Mill Routeneutral
Processing via mill or concentrator (CIL, CIP, tank leach, flotation).
Why it applies: the document describes a flotation route ("flotation")
Single Domain Onlynegative
Testing limited to one composite or domain — representativeness not established.
Why it applies: only one composite was tested
Extracted facts
Stored fact records: 61. Some facts used in scoring do not have a stored record.
Drill Results (14)
A3OX010Achilles · goldGrade: 1851Grade Unit: g/tIntercept: 5 mHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Hole ID
- A3OX010
- Project
- Achilles
- Commodity
- gold
- Region
- australia_nsw
- Reported Region
- australia_nsw
- Ticker
- AGC
Geometry
- Grade
- 1851
- Grade Unit
- g/t
- Intercept
- 5 m
- From
- 30 m
- To
- 35 m
- Intercept Depth
- 30 m
Classification
- Program
- exploration
- Sample Type
- drill
- Group ID
- A3OX010:30-35
QA/QC
- QP Signed
- Yes
Metal Equivalent
- Metal Eq. Grade
- 1851
- Metal Eq. Unit
- g/t AgEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Interp. Status
- scored
- Historical
- Yes
- Historical Source Date
- 2025-12-01T00:00:00.000Z
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: A sub-interval of 5m at 1,851 g/t AgEq within A3OX010 highlights a very high-grade zone near surface, further enhancing the prospectivity of the Achilles deposit, though it is a previously reported result.
Positive factors
- Exceptional metal equivalent grade within a broader shallow intercept
- Indicates a very rich zone of mineralization near surface
Evidence · text
“5m at 1,851g/t AgEq from 30m”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Stale Data Re-releasenegative
Historical results re-announced with no new assays or reinterpretation — low genuine novelty.
Why it applies: the fact restates a prior release
26DDBR017Evergreen · copperGrade: 1.2Grade Unit: %Intercept: 8 mView all detailsHide details
Identity
- Hole ID
- 26DDBR017
- Project
- Evergreen
- Commodity
- copper
- Region
- australia_nsw
- Reported Region
- australia_nsw
- Ticker
- AGC
Geometry
- Grade
- 1.2
- Grade Unit
- %
- Intercept
- 8 m
- From
- 129 m
- To
- 137 m
- Intercept Depth
- 129 m
Classification
- Program
- exploration
- Sample Type
- drill
- Group ID
- 26DDBR017:129-137
QA/QC
- QP Signed
- Yes
Metal Equivalent
- Assumptions Disclosed
- No
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: A sub-interval of 8m at 1.2% Cu within 26DDBR017 highlights a high-grade copper zone, further enhancing the overall prospectivity of Evergreen.
Positive factors
- High-grade copper within a broader intercept
- Indicates a richer zone of mineralization
- New drill result from an acquired project
Evidence · text
“8m at 10.4g/t Au, 311g/t Ag, 1.2% Cu, 29.0% Pb+Zn from 129m”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
26DDBR017Evergreen · silverGrade: 311Grade Unit: g/tIntercept: 8 mView all detailsHide details
Identity
- Hole ID
- 26DDBR017
- Project
- Evergreen
- Commodity
- silver
- Region
- australia_nsw
- Reported Region
- australia_nsw
- Ticker
- AGC
Geometry
- Grade
- 311
- Grade Unit
- g/t
- Intercept
- 8 m
- From
- 129 m
- To
- 137 m
- Intercept Depth
- 129 m
Classification
- Program
- exploration
- Sample Type
- drill
- Group ID
- 26DDBR017:129-137
QA/QC
- QP Signed
- Yes
Metal Equivalent
- Assumptions Disclosed
- No
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: A sub-interval of 8m at 311 g/t Ag within 26DDBR017 represents an exceptional silver grade, significantly enhancing the prospectivity of Evergreen.
Positive factors
- Exceptional silver grade within a broader intercept
- Indicates a very rich zone of mineralization
- New drill result from an acquired project
Evidence · text
“8m at 10.4g/t Au, 311g/t Ag, 1.2% Cu, 29.0% Pb+Zn from 129m”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
26DDBR017Evergreen · goldGrade: 10.4Grade Unit: g/tIntercept: 8 mView all detailsHide details
Identity
- Hole ID
- 26DDBR017
- Project
- Evergreen
- Commodity
- gold
- Region
- australia_nsw
- Reported Region
- australia_nsw
- Ticker
- AGC
Geometry
- Grade
- 10.4
- Grade Unit
- g/t
- Intercept
- 8 m
- From
- 129 m
- To
- 137 m
- Intercept Depth
- 129 m
Classification
- Program
- exploration
- Sample Type
- drill
- Group ID
- 26DDBR017:129-137
QA/QC
- QP Signed
- Yes
Metal Equivalent
- Assumptions Disclosed
- No
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: A sub-interval of 8m at 10.4 g/t Au within 26DDBR017 represents an exceptional gold grade, significantly enhancing the prospectivity of Evergreen.
Positive factors
- Exceptional gold grade within a broader intercept
- Indicates a very rich zone of mineralization
- New drill result from an acquired project
Evidence · text
“8m at 10.4g/t Au, 311g/t Ag, 1.2% Cu, 29.0% Pb+Zn from 129m”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
26DDBR013Evergreen · goldGrade: 0.6Grade Unit: g/tIntercept: 7 mHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Hole ID
- 26DDBR013
- Project
- Evergreen
- Commodity
- gold
- Region
- australia_nsw
- Reported Region
- australia_nsw
- Ticker
- AGC
Geometry
- Grade
- 0.6
- Grade Unit
- g/t
- Intercept
- 7 m
- From
- 190 m
- To
- 197 m
- Intercept Depth
- 190 m
Classification
- Program
- exploration
- Sample Type
- drill
- Group ID
- 26DDBR013:190-197
QA/QC
- QP Signed
- Yes
Metal Equivalent
- Assumptions Disclosed
- No
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Interp. Status
- scored
- Historical
- Yes
- Historical Source Date
- 2026-09-01T00:00:00.000Z
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: A sub-interval of 7m at 0.6 g/t Au within 26DDBR013 indicates gold mineralization, contributing to the polymetallic nature of the Evergreen deposit, though it is a previously reported result.
Positive factors
- Gold mineralization present as a byproduct
- New drill result from an acquired project
Evidence · text
“7m at 0.6g/t Au, 12g/t Ag & 7.7% Zn+Pb from 190m”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Stale Data Re-releasenegative
Historical results re-announced with no new assays or reinterpretation — low genuine novelty.
Why it applies: the fact restates a prior release
26DDBR013Evergreen · silverGrade: 12Grade Unit: g/tIntercept: 7 mHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Hole ID
- 26DDBR013
- Project
- Evergreen
- Commodity
- silver
- Region
- australia_nsw
- Reported Region
- australia_nsw
- Ticker
- AGC
Geometry
- Grade
- 12
- Grade Unit
- g/t
- Intercept
- 7 m
- From
- 190 m
- To
- 197 m
- Intercept Depth
- 190 m
Classification
- Program
- exploration
- Sample Type
- drill
- Group ID
- 26DDBR013:190-197
QA/QC
- QP Signed
- Yes
Metal Equivalent
- Assumptions Disclosed
- No
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Interp. Status
- scored
- Historical
- Yes
- Historical Source Date
- 2026-09-01T00:00:00.000Z
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: A sub-interval of 7m at 12 g/t Ag within 26DDBR013 indicates silver mineralization, contributing to the polymetallic nature of the Evergreen deposit, though it is a previously reported result.
Positive factors
- Silver mineralization present as a byproduct
- New drill result from an acquired project
Evidence · text
“7m at 0.6g/t Au, 12g/t Ag & 7.7% Zn+Pb from 190m”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Stale Data Re-releasenegative
Historical results re-announced with no new assays or reinterpretation — low genuine novelty.
Why it applies: the fact restates a prior release
BR0018Browns Reef · silverGrade: 74Grade Unit: g/tIntercept: 6 mHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Hole ID
- BR0018
- Project
- Browns Reef
- Commodity
- silver
- Region
- australia_nsw
- Reported Region
- australia_nsw
- Ticker
- AGC
Geometry
- Grade
- 74
- Grade Unit
- g/t
- Intercept
- 6 m
- From
- 368 m
- To
- 374 m
- Intercept Depth
- 368 m
Classification
- Program
- exploration
- Sample Type
- drill
- Group ID
- BR0018:368-374
QA/QC
- QP Signed
- Yes
Metal Equivalent
- Assumptions Disclosed
- No
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Interp. Status
- scored
- Historical
- Yes
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: Historical drill hole BR0018 at Browns Reef returned 6m at 74 g/t Ag, indicating significant silver mineralization in the project area, though this is not a new result.
Positive factors
- High-grade silver mineralization in historical results
Negative factors
- Historical data, not new results
Evidence · text
“BR0018 6m @ 74g/t Ag, 16.2% Pb+Zn, 1.2% Cu from 368m”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Stale Data Re-releasenegative
Historical results re-announced with no new assays or reinterpretation — low genuine novelty.
Why it applies: the fact restates a prior release
BR0018Browns Reef · copperGrade: 1.2Grade Unit: %Intercept: 6 mHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Hole ID
- BR0018
- Project
- Browns Reef
- Commodity
- copper
- Region
- australia_nsw
- Reported Region
- australia_nsw
- Ticker
- AGC
Geometry
- Grade
- 1.2
- Grade Unit
- %
- Intercept
- 6 m
- From
- 368 m
- To
- 374 m
- Intercept Depth
- 368 m
Classification
- Program
- exploration
- Sample Type
- drill
- Group ID
- BR0018:368-374
QA/QC
- QP Signed
- Yes
Metal Equivalent
- Assumptions Disclosed
- No
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Interp. Status
- scored
- Historical
- Yes
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: Historical drill hole BR0018 at Browns Reef returned 6m at 1.2% Cu, indicating significant copper mineralization in the project area, though this is not a new result.
Positive factors
- High-grade copper mineralization in historical results
Negative factors
- Historical data, not new results
Evidence · text
“BR0018 6m @ 74g/t Ag, 16.2% Pb+Zn, 1.2% Cu from 368m”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Stale Data Re-releasenegative
Historical results re-announced with no new assays or reinterpretation — low genuine novelty.
Why it applies: the fact restates a prior release
BRD019Evergreen · silverGrade: 17Grade Unit: g/tIntercept: 12.5 mHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Hole ID
- BRD019
- Project
- Evergreen
- Commodity
- silver
- Region
- australia_nsw
- Reported Region
- australia_nsw
- Ticker
- AGC
Geometry
- Grade
- 17
- Grade Unit
- g/t
- Intercept
- 12.5 m
- From
- 269.5 m
- To
- 282 m
- Intercept Depth
- 269.5 m
Classification
- Program
- exploration
- Sample Type
- drill
- Group ID
- BRD019:269.5-282
QA/QC
- QP Signed
- Yes
Metal Equivalent
- Assumptions Disclosed
- No
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Interp. Status
- scored
- Historical
- Yes
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: Historical drill hole BRD019 at Evergreen returned 12.5m at 17 g/t Ag, indicating significant silver mineralization in the project area, though this is not a new result.
Positive factors
- Significant silver mineralization in historical results
Negative factors
- Historical data, not new results
Evidence · text
“BRD019 12.5m @ 17g/t Ag, 0.5g/t Au, 10.7% Pb+Zn, 0.1% Cu from 269.5m”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Stale Data Re-releasenegative
Historical results re-announced with no new assays or reinterpretation — low genuine novelty.
Why it applies: the fact restates a prior release
BRD019Evergreen · goldGrade: 0.5Grade Unit: g/tIntercept: 12.5 mHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Hole ID
- BRD019
- Project
- Evergreen
- Commodity
- gold
- Region
- australia_nsw
- Reported Region
- australia_nsw
- Ticker
- AGC
Geometry
- Grade
- 0.5
- Grade Unit
- g/t
- Intercept
- 12.5 m
- From
- 269.5 m
- To
- 282 m
- Intercept Depth
- 269.5 m
Classification
- Program
- exploration
- Sample Type
- drill
- Group ID
- BRD019:269.5-282
QA/QC
- QP Signed
- Yes
Metal Equivalent
- Assumptions Disclosed
- No
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Interp. Status
- scored
- Historical
- Yes
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: Historical drill hole BRD019 at Evergreen returned 12.5m at 0.5 g/t Au, indicating gold mineralization as a byproduct, though this is not a new result.
Positive factors
- Gold mineralization present as a byproduct in historical results
Negative factors
- Historical data, not new results
Evidence · text
“BRD019 12.5m @ 17g/t Ag, 0.5g/t Au, 10.7% Pb+Zn, 0.1% Cu from 269.5m”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Stale Data Re-releasenegative
Historical results re-announced with no new assays or reinterpretation — low genuine novelty.
Why it applies: the fact restates a prior release
BRD019Evergreen · copperGrade: 0.1Grade Unit: %Intercept: 12.5 mHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Hole ID
- BRD019
- Project
- Evergreen
- Commodity
- copper
- Region
- australia_nsw
- Reported Region
- australia_nsw
- Ticker
- AGC
Geometry
- Grade
- 0.1
- Grade Unit
- %
- Intercept
- 12.5 m
- From
- 269.5 m
- To
- 282 m
- Intercept Depth
- 269.5 m
Classification
- Program
- exploration
- Sample Type
- drill
- Group ID
- BRD019:269.5-282
QA/QC
- QP Signed
- Yes
Metal Equivalent
- Assumptions Disclosed
- No
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Interp. Status
- scored
- Historical
- Yes
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: Historical drill hole BRD019 at Evergreen returned 12.5m at 0.1% Cu, indicating copper mineralization as a byproduct, though this is not a new result.
Positive factors
- Copper mineralization present as a byproduct in historical results
Negative factors
- Historical data, not new results
Evidence · text
“BRD019 12.5m @ 17g/t Ag, 0.5g/t Au, 10.7% Pb+Zn, 0.1% Cu from 269.5m”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Stale Data Re-releasenegative
Historical results re-announced with no new assays or reinterpretation — low genuine novelty.
Why it applies: the fact restates a prior release
KHRC001Kelpie Hill · goldGrade: 4.3Grade Unit: g/tIntercept: 7 mHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Hole ID
- KHRC001
- Project
- Kelpie Hill
- Commodity
- gold
- Region
- australia_nsw
- Reported Region
- australia_nsw
- Ticker
- AGC
Geometry
- Grade
- 4.3
- Grade Unit
- g/t
- Intercept
- 7 m
- From
- 50 m
- To
- 57 m
- Intercept Depth
- 50 m
Classification
- Program
- exploration
- Sample Type
- drill
- Group ID
- KHRC001:50-57
QA/QC
- QP Signed
- Yes
Metal Equivalent
- Assumptions Disclosed
- No
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Interp. Status
- scored
- Historical
- Yes
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: Historical drill hole KHRC001 at Kelpie Hill returned 7m at 4.3 g/t Au from shallow depth, indicating significant near-surface gold mineralization, though this is not a new result.
Positive factors
- High-grade gold mineralization near surface in historical results
Negative factors
- Historical data, not new results
Evidence · text
“KHRC001 7m @ 4.3g/t Au from 50m”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Stale Data Re-releasenegative
Historical results re-announced with no new assays or reinterpretation — low genuine novelty.
Why it applies: the fact restates a prior release
26DDBR006Achilles · copperGrade: 0.5Grade Unit: %Intercept: 35 mHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Hole ID
- 26DDBR006
- Project
- Achilles
- Commodity
- copper
- Region
- australia_nsw
- Reported Region
- australia_nsw
- Ticker
- AGC
Geometry
- Grade
- 0.5
- Grade Unit
- %
- Intercept
- 35 m
- From
- 353 m
- To
- 388 m
Classification
- Sample Type
- drill
QA/QC
- QP Signed
- Yes
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Interp. Status
- scored
- Historical
- Yes
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: A sub-interval of 5m at 1,851 g/t AgEq within A3OX010 highlights a very high-grade zone near surface, further enhancing the prospectivity of the Achilles deposit, though it is a previously reported result.
Positive factors
- Exceptional metal equivalent grade within a broader shallow intercept
- Indicates a very rich zone of mineralization near surface
Evidence · text
“35m at 0.5% Cu, 6g/t Ag & 1.3% Zn+Pb from 353m”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Stale Data Re-releasenegative
Historical results re-announced with no new assays or reinterpretation — low genuine novelty.
Why it applies: the fact restates a prior release
26DDBR006Achilles · copperGrade: 2Grade Unit: %Intercept: 6 mHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Hole ID
- 26DDBR006
- Project
- Achilles
- Commodity
- copper
- Region
- australia_nsw
- Reported Region
- australia_nsw
- Ticker
- AGC
Geometry
- Grade
- 2
- Grade Unit
- %
- Intercept
- 6 m
- From
- 362 m
- To
- 368 m
Classification
- Sample Type
- drill
QA/QC
- QP Signed
- Yes
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Interp. Status
- scored
- Historical
- Yes
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: A sub-interval of 5m at 1,851 g/t AgEq within A3OX010 highlights a very high-grade zone near surface, further enhancing the prospectivity of the Achilles deposit, though it is a previously reported result.
Positive factors
- Exceptional metal equivalent grade within a broader shallow intercept
- Indicates a very rich zone of mineralization near surface
Evidence · text
“6m at 2.0% Cu & 17g/t Ag from 362m”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Stale Data Re-releasenegative
Historical results re-announced with no new assays or reinterpretation — low genuine novelty.
Why it applies: the fact restates a prior release
Resource Estimates (43)
indicatedAchilles · silverTonnes: 4700000Grade: 52Grade Unit: g/tContained Metal: 21.5Contained Unit: moz ageqView all detailsHide details
Identity
- Project
- Achilles
- Commodity
- silver
- Region
- australia_nsw
- Reported Region
- New South Wales
- Ticker
- AGC
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Mr Arnold van der Heyden
- Resource group id
- resource:8d21dc6b24d05b415731
- Deposit or zone
- Open pit
Resource Data
- Category
- indicated
- Tonnes
- 4700000
- Grade
- 52
- Grade Unit
- g/t
- Contained Metal
- 21.5
- Contained Unit
- moz ageq
- Cutoff Grade
- 40
- Cutoff Unit
- g/t AgEq
Prior Estimate
- Resource Date
- 2025-12-16
Metal Equivalent
- Metal Eq. Grade
- 141
- Metal Eq. Unit
- g/t AgEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: The Achilles project has declared an initial Indicated silver resource of 4.7 Mt at 52 g/t Ag, which is a substantial and high-grade component of the overall MRE, supporting future development.
Positive factors
- Significant Indicated resource for silver in an open pit scenario
- High grade for silver in this category and mining method
- Part of a maiden MRE, establishing a baseline for the project
Evidence · table
“52”
Context: 4.7
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
indicatedAchilles · goldTonnes: 4700000Grade: 0.48Grade Unit: g/tContained Metal: 21.5Contained Unit: moz ageqView all detailsHide details
Identity
- Project
- Achilles
- Commodity
- gold
- Region
- australia_nsw
- Reported Region
- New South Wales
- Ticker
- AGC
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Mr Arnold van der Heyden
- Resource group id
- resource:8d21dc6b24d05b415731
- Deposit or zone
- Open pit
Resource Data
- Category
- indicated
- Tonnes
- 4700000
- Grade
- 0.48
- Grade Unit
- g/t
- Contained Metal
- 21.5
- Contained Unit
- moz ageq
- Cutoff Grade
- 40
- Cutoff Unit
- g/t AgEq
Prior Estimate
- Resource Date
- 2025-12-16
Metal Equivalent
- Metal Eq. Grade
- 141
- Metal Eq. Unit
- g/t AgEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: The Achilles project includes a gold grade of 0.48 g/t within the Indicated open pit resource, contributing to the overall metal equivalent value and providing a valuable secondary commodity.
Positive factors
- Gold is a valuable byproduct in the Indicated open pit resource
- Part of a maiden MRE, establishing a baseline for the project
Evidence · table
“0.48”
Context: 4.7
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
indicatedAchilles · zincTonnes: 4700000Grade: 1Grade Unit: %Contained Metal: 21.5Contained Unit: moz ageqView all detailsHide details
Identity
- Project
- Achilles
- Commodity
- zinc
- Region
- australia_nsw
- Reported Region
- New South Wales
- Ticker
- AGC
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Mr Arnold van der Heyden
- Resource group id
- resource:8d21dc6b24d05b415731
- Deposit or zone
- Open pit
Resource Data
- Category
- indicated
- Tonnes
- 4700000
- Grade
- 1
- Grade Unit
- %
- Contained Metal
- 21.5
- Contained Unit
- moz ageq
- Cutoff Grade
- 40
- Cutoff Unit
- g/t AgEq
Prior Estimate
- Resource Date
- 2025-12-16
Metal Equivalent
- Metal Eq. Grade
- 141
- Metal Eq. Unit
- g/t AgEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: The Achilles project includes a zinc grade of 1.0% within the Indicated open pit resource, contributing to the overall metal equivalent value and providing a valuable secondary commodity.
Positive factors
- Zinc is a valuable byproduct in the Indicated open pit resource
- Part of a maiden MRE, establishing a baseline for the project
Evidence · table
“1.0”
Context: 4.7
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
indicatedAchilles · leadTonnes: 4700000Grade: 0.83Grade Unit: %Contained Metal: 21.5Contained Unit: moz ageqView all detailsHide details
Identity
- Project
- Achilles
- Commodity
- lead
- Region
- australia_nsw
- Reported Region
- New South Wales
- Ticker
- AGC
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Mr Arnold van der Heyden
- Resource group id
- resource:8d21dc6b24d05b415731
- Deposit or zone
- Open pit
Resource Data
- Category
- indicated
- Tonnes
- 4700000
- Grade
- 0.83
- Grade Unit
- %
- Contained Metal
- 21.5
- Contained Unit
- moz ageq
- Cutoff Grade
- 40
- Cutoff Unit
- g/t AgEq
Prior Estimate
- Resource Date
- 2025-12-16
Metal Equivalent
- Metal Eq. Grade
- 141
- Metal Eq. Unit
- g/t AgEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: The Achilles project includes a lead grade of 0.83% within the Indicated open pit resource, contributing to the overall metal equivalent value and providing a valuable secondary commodity.
Positive factors
- Lead is a valuable byproduct in the Indicated open pit resource
- Part of a maiden MRE, establishing a baseline for the project
Evidence · table
“0.83”
Context: 4.7
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
inferredAchilles · silverTonnes: 3200000Grade: 31Grade Unit: g/tContained Metal: 7.3Contained Unit: moz ageqView all detailsHide details
Identity
- Project
- Achilles
- Commodity
- silver
- Region
- australia_nsw
- Reported Region
- New South Wales
- Ticker
- AGC
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Mr Arnold van der Heyden
- Resource group id
- resource:df7b863103bee91002f8
- Deposit or zone
- Open pit
Resource Data
- Category
- inferred
- Tonnes
- 3200000
- Grade
- 31
- Grade Unit
- g/t
- Contained Metal
- 7.3
- Contained Unit
- moz ageq
- Cutoff Grade
- 40
- Cutoff Unit
- g/t AgEq
Prior Estimate
- Resource Date
- 2025-12-16
Metal Equivalent
- Metal Eq. Grade
- 72
- Metal Eq. Unit
- g/t AgEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: The Achilles project has declared an initial Inferred silver resource of 3.2 Mt at 31 g/t Ag, contributing to the overall resource base, though with lower confidence than Indicated resources.
Positive factors
- Adds to the overall resource base for silver in an open pit scenario
- Part of a maiden MRE, establishing a baseline for the project
Negative factors
- Inferred category has lower geological confidence
Evidence · table
“31”
Context: 3.2
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
inferredAchilles · goldTonnes: 3200000Grade: 0.26Grade Unit: g/tContained Metal: 7.3Contained Unit: moz ageqView all detailsHide details
Identity
- Project
- Achilles
- Commodity
- gold
- Region
- australia_nsw
- Reported Region
- New South Wales
- Ticker
- AGC
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Mr Arnold van der Heyden
- Resource group id
- resource:df7b863103bee91002f8
- Deposit or zone
- Open pit
Resource Data
- Category
- inferred
- Tonnes
- 3200000
- Grade
- 0.26
- Grade Unit
- g/t
- Contained Metal
- 7.3
- Contained Unit
- moz ageq
- Cutoff Grade
- 40
- Cutoff Unit
- g/t AgEq
Prior Estimate
- Resource Date
- 2025-12-16
Metal Equivalent
- Metal Eq. Grade
- 72
- Metal Eq. Unit
- g/t AgEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: The Achilles project includes a gold grade of 0.26 g/t within the Inferred open pit resource, contributing to the overall metal equivalent value, but with lower confidence.
Positive factors
- Gold is a valuable byproduct in the Inferred open pit resource
- Part of a maiden MRE, establishing a baseline for the project
Negative factors
- Inferred category has lower geological confidence
Evidence · table
“0.26”
Context: 3.2
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
inferredAchilles · zincTonnes: 3200000Grade: 0.4Grade Unit: %Contained Metal: 7.3Contained Unit: moz ageqView all detailsHide details
Identity
- Project
- Achilles
- Commodity
- zinc
- Region
- australia_nsw
- Reported Region
- New South Wales
- Ticker
- AGC
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Mr Arnold van der Heyden
- Resource group id
- resource:df7b863103bee91002f8
- Deposit or zone
- Open pit
Resource Data
- Category
- inferred
- Tonnes
- 3200000
- Grade
- 0.4
- Grade Unit
- %
- Contained Metal
- 7.3
- Contained Unit
- moz ageq
- Cutoff Grade
- 40
- Cutoff Unit
- g/t AgEq
Prior Estimate
- Resource Date
- 2025-12-16
Metal Equivalent
- Metal Eq. Grade
- 72
- Metal Eq. Unit
- g/t AgEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: The Achilles project includes a zinc grade of 0.4% within the Inferred open pit resource, contributing to the overall metal equivalent value, but with lower confidence.
Positive factors
- Zinc is a valuable byproduct in the Inferred open pit resource
- Part of a maiden MRE, establishing a baseline for the project
Negative factors
- Inferred category has lower geological confidence
Evidence · table
“0.4”
Context: 3.2
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
inferredAchilles · leadTonnes: 3200000Grade: 0.26Grade Unit: %Contained Metal: 7.3Contained Unit: moz ageqView all detailsHide details
Identity
- Project
- Achilles
- Commodity
- lead
- Region
- australia_nsw
- Reported Region
- New South Wales
- Ticker
- AGC
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Mr Arnold van der Heyden
- Resource group id
- resource:df7b863103bee91002f8
- Deposit or zone
- Open pit
Resource Data
- Category
- inferred
- Tonnes
- 3200000
- Grade
- 0.26
- Grade Unit
- %
- Contained Metal
- 7.3
- Contained Unit
- moz ageq
- Cutoff Grade
- 40
- Cutoff Unit
- g/t AgEq
Prior Estimate
- Resource Date
- 2025-12-16
Metal Equivalent
- Metal Eq. Grade
- 72
- Metal Eq. Unit
- g/t AgEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: The Achilles project includes a lead grade of 0.26% within the Inferred open pit resource, contributing to the overall metal equivalent value, but with lower confidence.
Positive factors
- Lead is a valuable byproduct in the Inferred open pit resource
- Part of a maiden MRE, establishing a baseline for the project
Negative factors
- Inferred category has lower geological confidence
Evidence · table
“0.26”
Context: 3.2
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
indicatedAchilles · silverTonnes: 300000Grade: 62Grade Unit: g/tContained Metal: 1.1Contained Unit: moz ageqView all detailsHide details
Identity
- Project
- Achilles
- Commodity
- silver
- Region
- australia_nsw
- Reported Region
- New South Wales
- Ticker
- AGC
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Mr Arnold van der Heyden
- Resource group id
- resource:54e6c88b6d0194e23c36
- Deposit or zone
- Underground
Resource Data
- Category
- indicated
- Tonnes
- 300000
- Grade
- 62
- Grade Unit
- g/t
- Contained Metal
- 1.1
- Contained Unit
- moz ageq
- Cutoff Grade
- 80
- Cutoff Unit
- g/t AgEq
Prior Estimate
- Resource Date
- 2025-12-16
Metal Equivalent
- Metal Eq. Grade
- 130
- Metal Eq. Unit
- g/t AgEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: The Achilles project has declared an initial Indicated silver resource of 0.3 Mt at 62 g/t Ag for underground mining, contributing to the overall MRE with good confidence.
Positive factors
- Indicated resource for silver in an underground scenario
- High grade for silver in this category and mining method
- Part of a maiden MRE, establishing a baseline for the project
Evidence · table
“62”
Context: 0.3
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
indicatedAchilles · goldTonnes: 300000Grade: 0.32Grade Unit: g/tContained Metal: 1.1Contained Unit: moz ageqView all detailsHide details
Identity
- Project
- Achilles
- Commodity
- gold
- Region
- australia_nsw
- Reported Region
- New South Wales
- Ticker
- AGC
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Mr Arnold van der Heyden
- Resource group id
- resource:54e6c88b6d0194e23c36
- Deposit or zone
- Underground
Resource Data
- Category
- indicated
- Tonnes
- 300000
- Grade
- 0.32
- Grade Unit
- g/t
- Contained Metal
- 1.1
- Contained Unit
- moz ageq
- Cutoff Grade
- 80
- Cutoff Unit
- g/t AgEq
Prior Estimate
- Resource Date
- 2025-12-16
Metal Equivalent
- Metal Eq. Grade
- 130
- Metal Eq. Unit
- g/t AgEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: The Achilles project includes a gold grade of 0.32 g/t within the Indicated underground resource, contributing to the overall metal equivalent value.
Positive factors
- Gold is a valuable byproduct in the Indicated underground resource
- Part of a maiden MRE, establishing a baseline for the project
Evidence · table
“0.32”
Context: 0.3
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
indicatedAchilles · zincTonnes: 300000Grade: 0.9Grade Unit: %Contained Metal: 1.1Contained Unit: moz ageqView all detailsHide details
Identity
- Project
- Achilles
- Commodity
- zinc
- Region
- australia_nsw
- Reported Region
- New South Wales
- Ticker
- AGC
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Mr Arnold van der Heyden
- Resource group id
- resource:54e6c88b6d0194e23c36
- Deposit or zone
- Underground
Resource Data
- Category
- indicated
- Tonnes
- 300000
- Grade
- 0.9
- Grade Unit
- %
- Contained Metal
- 1.1
- Contained Unit
- moz ageq
- Cutoff Grade
- 80
- Cutoff Unit
- g/t AgEq
Prior Estimate
- Resource Date
- 2025-12-16
Metal Equivalent
- Metal Eq. Grade
- 130
- Metal Eq. Unit
- g/t AgEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: The Achilles project includes a zinc grade of 0.9% within the Indicated underground resource, contributing to the overall metal equivalent value.
Positive factors
- Zinc is a valuable byproduct in the Indicated underground resource
- Part of a maiden MRE, establishing a baseline for the project
Evidence · table
“0.9”
Context: 0.3
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
indicatedAchilles · leadTonnes: 300000Grade: 0.54Grade Unit: %Contained Metal: 1.1Contained Unit: moz ageqView all detailsHide details
Identity
- Project
- Achilles
- Commodity
- lead
- Region
- australia_nsw
- Reported Region
- New South Wales
- Ticker
- AGC
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Mr Arnold van der Heyden
- Resource group id
- resource:54e6c88b6d0194e23c36
- Deposit or zone
- Underground
Resource Data
- Category
- indicated
- Tonnes
- 300000
- Grade
- 0.54
- Grade Unit
- %
- Contained Metal
- 1.1
- Contained Unit
- moz ageq
- Cutoff Grade
- 80
- Cutoff Unit
- g/t AgEq
Prior Estimate
- Resource Date
- 2025-12-16
Metal Equivalent
- Metal Eq. Grade
- 130
- Metal Eq. Unit
- g/t AgEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: The Achilles project includes a lead grade of 0.54% within the Indicated underground resource, contributing to the overall metal equivalent value.
Positive factors
- Lead is a valuable byproduct in the Indicated underground resource
- Part of a maiden MRE, establishing a baseline for the project
Evidence · table
“0.54”
Context: 0.3
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
inferredAchilles · silverTonnes: 2200000Grade: 74Grade Unit: g/tContained Metal: 8.8Contained Unit: moz ageqView all detailsHide details
Identity
- Project
- Achilles
- Commodity
- silver
- Region
- australia_nsw
- Reported Region
- New South Wales
- Ticker
- AGC
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Mr Arnold van der Heyden
- Resource group id
- resource:93b49bc562b0ca57b7f5
- Deposit or zone
- Underground
Resource Data
- Category
- inferred
- Tonnes
- 2200000
- Grade
- 74
- Grade Unit
- g/t
- Contained Metal
- 8.8
- Contained Unit
- moz ageq
- Cutoff Grade
- 80
- Cutoff Unit
- g/t AgEq
Prior Estimate
- Resource Date
- 2025-12-16
Metal Equivalent
- Metal Eq. Grade
- 124
- Metal Eq. Unit
- g/t AgEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: The Achilles project has declared an initial Inferred silver resource of 2.2 Mt at 74 g/t Ag for underground mining, contributing to the overall resource base with good grade, though with lower confidence.
Positive factors
- Adds to the overall resource base for silver in an underground scenario
- High grade for silver in this category and mining method
- Part of a maiden MRE, establishing a baseline for the project
Negative factors
- Inferred category has lower geological confidence
Evidence · table
“74”
Context: 2.2
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
inferredAchilles · goldTonnes: 2200000Grade: 0.31Grade Unit: g/tContained Metal: 8.8Contained Unit: moz ageqView all detailsHide details
Identity
- Project
- Achilles
- Commodity
- gold
- Region
- australia_nsw
- Reported Region
- New South Wales
- Ticker
- AGC
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Mr Arnold van der Heyden
- Resource group id
- resource:93b49bc562b0ca57b7f5
- Deposit or zone
- Underground
Resource Data
- Category
- inferred
- Tonnes
- 2200000
- Grade
- 0.31
- Grade Unit
- g/t
- Contained Metal
- 8.8
- Contained Unit
- moz ageq
- Cutoff Grade
- 80
- Cutoff Unit
- g/t AgEq
Prior Estimate
- Resource Date
- 2025-12-16
Metal Equivalent
- Metal Eq. Grade
- 124
- Metal Eq. Unit
- g/t AgEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: The Achilles project includes a gold grade of 0.31 g/t within the Inferred underground resource, contributing to the overall metal equivalent value, but with lower confidence.
Positive factors
- Gold is a valuable byproduct in the Inferred underground resource
- Part of a maiden MRE, establishing a baseline for the project
Negative factors
- Inferred category has lower geological confidence
Evidence · table
“0.31”
Context: 2.2
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
inferredAchilles · zincTonnes: 2200000Grade: 0.4Grade Unit: %Contained Metal: 8.8Contained Unit: moz ageqView all detailsHide details
Identity
- Project
- Achilles
- Commodity
- zinc
- Region
- australia_nsw
- Reported Region
- New South Wales
- Ticker
- AGC
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Mr Arnold van der Heyden
- Resource group id
- resource:93b49bc562b0ca57b7f5
- Deposit or zone
- Underground
Resource Data
- Category
- inferred
- Tonnes
- 2200000
- Grade
- 0.4
- Grade Unit
- %
- Contained Metal
- 8.8
- Contained Unit
- moz ageq
- Cutoff Grade
- 80
- Cutoff Unit
- g/t AgEq
Prior Estimate
- Resource Date
- 2025-12-16
Metal Equivalent
- Metal Eq. Grade
- 124
- Metal Eq. Unit
- g/t AgEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: The Achilles project includes a zinc grade of 0.4% within the Inferred underground resource, contributing to the overall metal equivalent value, but with lower confidence.
Positive factors
- Zinc is a valuable byproduct in the Inferred underground resource
- Part of a maiden MRE, establishing a baseline for the project
Negative factors
- Inferred category has lower geological confidence
Evidence · table
“0.4”
Context: 2.2
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
inferredAchilles · leadTonnes: 2200000Grade: 0.29Grade Unit: %Contained Metal: 8.8Contained Unit: moz ageqView all detailsHide details
Identity
- Project
- Achilles
- Commodity
- lead
- Region
- australia_nsw
- Reported Region
- New South Wales
- Ticker
- AGC
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Mr Arnold van der Heyden
- Resource group id
- resource:93b49bc562b0ca57b7f5
- Deposit or zone
- Underground
Resource Data
- Category
- inferred
- Tonnes
- 2200000
- Grade
- 0.29
- Grade Unit
- %
- Contained Metal
- 8.8
- Contained Unit
- moz ageq
- Cutoff Grade
- 80
- Cutoff Unit
- g/t AgEq
Prior Estimate
- Resource Date
- 2025-12-16
Metal Equivalent
- Metal Eq. Grade
- 124
- Metal Eq. Unit
- g/t AgEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: The Achilles project includes a lead grade of 0.29% within the Inferred underground resource, contributing to the overall metal equivalent value, but with lower confidence.
Positive factors
- Lead is a valuable byproduct in the Inferred underground resource
- Part of a maiden MRE, establishing a baseline for the project
Negative factors
- Inferred category has lower geological confidence
Evidence · table
“0.29”
Context: 2.2
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
inferredAchilles · silverTonnes: 10300000Grade: 51Grade Unit: g/tContained Metal: 38.5Contained Unit: moz ageqView all detailsHide details
Identity
- Project
- Achilles
- Commodity
- silver
- Region
- australia_nsw
- Reported Region
- New South Wales
- Ticker
- AGC
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Mr Arnold van der Heyden
- Resource group id
- resource:aa083bfdad0b60b2db05
- Deposit or zone
- Combined All
Resource Data
- Category
- inferred
- Tonnes
- 10300000
- Grade
- 51
- Grade Unit
- g/t
- Contained Metal
- 38.5
- Contained Unit
- moz ageq
- Cutoff Grade
- 40
- Cutoff Unit
- g/t AgEq
Prior Estimate
- Resource Date
- 2025-12-16
Metal Equivalent
- Metal Eq. Grade
- 116
- Metal Eq. Unit
- g/t AgEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: The Achilles project has a substantial total silver resource of 10.3 Mt at 51 g/t Ag, forming a key part of the maiden MRE and indicating significant silver endowment.
Positive factors
- Significant total silver resource declared as part of the maiden MRE
- Good overall grade for silver across combined categories and mining methods
Evidence · table
“51”
Context: 10.3*
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
inferredAchilles · goldTonnes: 10300000Grade: 0.37Grade Unit: g/tContained Metal: 38.5Contained Unit: moz ageqView all detailsHide details
Identity
- Project
- Achilles
- Commodity
- gold
- Region
- australia_nsw
- Reported Region
- New South Wales
- Ticker
- AGC
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Mr Arnold van der Heyden
- Resource group id
- resource:aa083bfdad0b60b2db05
- Deposit or zone
- Combined All
Resource Data
- Category
- inferred
- Tonnes
- 10300000
- Grade
- 0.37
- Grade Unit
- g/t
- Contained Metal
- 38.5
- Contained Unit
- moz ageq
- Cutoff Grade
- 40
- Cutoff Unit
- g/t AgEq
Prior Estimate
- Resource Date
- 2025-12-16
Metal Equivalent
- Metal Eq. Grade
- 116
- Metal Eq. Unit
- g/t AgEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: The Achilles project includes a gold grade of 0.37 g/t in the total resource, providing a valuable secondary commodity and contributing to the overall AgEq.
Positive factors
- Gold is a valuable byproduct in the total resource declared as part of the maiden MRE
- Contributes to the overall metal equivalent value
Evidence · table
“0.37”
Context: 10.3*
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
inferredAchilles · zincTonnes: 10300000Grade: 0.7Grade Unit: %Contained Metal: 38.5Contained Unit: moz ageqView all detailsHide details
Identity
- Project
- Achilles
- Commodity
- zinc
- Region
- australia_nsw
- Reported Region
- New South Wales
- Ticker
- AGC
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Mr Arnold van der Heyden
- Resource group id
- resource:aa083bfdad0b60b2db05
- Deposit or zone
- Combined All
Resource Data
- Category
- inferred
- Tonnes
- 10300000
- Grade
- 0.7
- Grade Unit
- %
- Contained Metal
- 38.5
- Contained Unit
- moz ageq
- Cutoff Grade
- 40
- Cutoff Unit
- g/t AgEq
Prior Estimate
- Resource Date
- 2025-12-16
Metal Equivalent
- Metal Eq. Grade
- 116
- Metal Eq. Unit
- g/t AgEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: The Achilles project includes a zinc grade of 0.7% in the total resource, providing a valuable secondary commodity and contributing to the overall AgEq.
Positive factors
- Zinc is a valuable byproduct in the total resource declared as part of the maiden MRE
- Contributes to the overall metal equivalent value
Evidence · table
“0.7”
Context: 10.3*
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
inferredAchilles · leadTonnes: 10300000Grade: 0.53Grade Unit: %Contained Metal: 38.5Contained Unit: moz ageqView all detailsHide details
Identity
- Project
- Achilles
- Commodity
- lead
- Region
- australia_nsw
- Reported Region
- New South Wales
- Ticker
- AGC
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Mr Arnold van der Heyden
- Resource group id
- resource:aa083bfdad0b60b2db05
- Deposit or zone
- Combined All
Resource Data
- Category
- inferred
- Tonnes
- 10300000
- Grade
- 0.53
- Grade Unit
- %
- Contained Metal
- 38.5
- Contained Unit
- moz ageq
- Cutoff Grade
- 40
- Cutoff Unit
- g/t AgEq
Prior Estimate
- Resource Date
- 2025-12-16
Metal Equivalent
- Metal Eq. Grade
- 116
- Metal Eq. Unit
- g/t AgEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: The Achilles project includes a lead grade of 0.53% in the total resource, providing a valuable secondary commodity and contributing to the overall AgEq.
Positive factors
- Lead is a valuable byproduct in the total resource declared as part of the maiden MRE
- Contributes to the overall metal equivalent value
Evidence · table
“0.53”
Context: 10.3*
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
inferredAchilles · silverTonnes: 800000Grade: 24Grade Unit: g/tContained Metal: 2Contained Unit: moz ageqView all detailsHide details
Identity
- Project
- Achilles
- Commodity
- silver
- Region
- australia_nsw
- Reported Region
- New South Wales
- Ticker
- AGC
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Mr Arnold van der Heyden
- Resource group id
- resource:efecdea7192f472605d1
- Deposit or zone
- Open pit
- Material type
- oxide
Resource Data
- Category
- inferred
- Tonnes
- 800000
- Grade
- 24
- Grade Unit
- g/t
- Contained Metal
- 2
- Contained Unit
- moz ageq
- Cutoff Grade
- 40
- Cutoff Unit
- g/t AgEq
Prior Estimate
- Resource Date
- 2025-12-16
Metal Equivalent
- Metal Eq. Grade
- 81
- Metal Eq. Unit
- g/t AgEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: The Achilles project includes an Inferred oxide silver resource of 0.8 Mt at 24 g/t Ag, which is a component of the overall MRE and may offer processing advantages.
Positive factors
- Oxide material is typically easier to process
- Part of a maiden MRE, establishing a baseline for the project
Negative factors
- Inferred category has lower geological confidence
Evidence · table
“24”
Context: 0.8
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
inferredAchilles · goldTonnes: 800000Grade: 0.49Grade Unit: g/tContained Metal: 2Contained Unit: moz ageqView all detailsHide details
Identity
- Project
- Achilles
- Commodity
- gold
- Region
- australia_nsw
- Reported Region
- New South Wales
- Ticker
- AGC
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Mr Arnold van der Heyden
- Resource group id
- resource:efecdea7192f472605d1
- Deposit or zone
- Open pit
- Material type
- oxide
Resource Data
- Category
- inferred
- Tonnes
- 800000
- Grade
- 0.49
- Grade Unit
- g/t
- Contained Metal
- 2
- Contained Unit
- moz ageq
- Cutoff Grade
- 40
- Cutoff Unit
- g/t AgEq
Prior Estimate
- Resource Date
- 2025-12-16
Metal Equivalent
- Metal Eq. Grade
- 81
- Metal Eq. Unit
- g/t AgEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: The Achilles project includes a gold grade of 0.49 g/t within the Inferred oxide resource, contributing to the overall metal equivalent value.
Positive factors
- Gold is a valuable byproduct in the Inferred oxide resource
- Part of a maiden MRE, establishing a baseline for the project
Negative factors
- Inferred category has lower geological confidence
Evidence · table
“0.49”
Context: 0.8
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
inferredAchilles · zincTonnes: 800000Grade: 0.1Grade Unit: %Contained Metal: 2Contained Unit: moz ageqView all detailsHide details
Identity
- Project
- Achilles
- Commodity
- zinc
- Region
- australia_nsw
- Reported Region
- New South Wales
- Ticker
- AGC
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Mr Arnold van der Heyden
- Resource group id
- resource:efecdea7192f472605d1
- Deposit or zone
- Open pit
- Material type
- oxide
Resource Data
- Category
- inferred
- Tonnes
- 800000
- Grade
- 0.1
- Grade Unit
- %
- Contained Metal
- 2
- Contained Unit
- moz ageq
- Cutoff Grade
- 40
- Cutoff Unit
- g/t AgEq
Prior Estimate
- Resource Date
- 2025-12-16
Metal Equivalent
- Metal Eq. Grade
- 81
- Metal Eq. Unit
- g/t AgEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: The Achilles project includes a zinc grade of 0.1% within the Inferred oxide resource, contributing to the overall metal equivalent value.
Positive factors
- Zinc is a valuable byproduct in the Inferred oxide resource
- Part of a maiden MRE, establishing a baseline for the project
Negative factors
- Inferred category has lower geological confidence
Evidence · table
“0.1”
Context: 0.8
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
inferredAchilles · leadTonnes: 800000Grade: 0.3Grade Unit: %Contained Metal: 2Contained Unit: moz ageqView all detailsHide details
Identity
- Project
- Achilles
- Commodity
- lead
- Region
- australia_nsw
- Reported Region
- New South Wales
- Ticker
- AGC
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Mr Arnold van der Heyden
- Resource group id
- resource:efecdea7192f472605d1
- Deposit or zone
- Open pit
- Material type
- oxide
Resource Data
- Category
- inferred
- Tonnes
- 800000
- Grade
- 0.3
- Grade Unit
- %
- Contained Metal
- 2
- Contained Unit
- moz ageq
- Cutoff Grade
- 40
- Cutoff Unit
- g/t AgEq
Prior Estimate
- Resource Date
- 2025-12-16
Metal Equivalent
- Metal Eq. Grade
- 81
- Metal Eq. Unit
- g/t AgEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: The Achilles project includes a lead grade of 0.3% within the Inferred oxide resource, contributing to the overall metal equivalent value.
Positive factors
- Lead is a valuable byproduct in the Inferred oxide resource
- Part of a maiden MRE, establishing a baseline for the project
Negative factors
- Inferred category has lower geological confidence
Evidence · table
“0.3”
Context: 0.8
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
inferredAchilles · silverTonnes: 900000Grade: 40Grade Unit: g/tContained Metal: 3.3Contained Unit: moz ageqView all detailsHide details
Identity
- Project
- Achilles
- Commodity
- silver
- Region
- australia_nsw
- Reported Region
- New South Wales
- Ticker
- AGC
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Mr Arnold van der Heyden
- Resource group id
- resource:a5d2fc17119ceaf15e17
- Deposit or zone
- Open pit
- Material type
- transitional
Resource Data
- Category
- inferred
- Tonnes
- 900000
- Grade
- 40
- Grade Unit
- g/t
- Contained Metal
- 3.3
- Contained Unit
- moz ageq
- Cutoff Grade
- 40
- Cutoff Unit
- g/t AgEq
Prior Estimate
- Resource Date
- 2025-12-16
Metal Equivalent
- Metal Eq. Grade
- 113
- Metal Eq. Unit
- g/t AgEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: The Achilles project includes an Inferred transition silver resource of 0.9 Mt at 40 g/t Ag, contributing to the overall MRE.
Positive factors
- Transition material is a component of the resource
- Part of a maiden MRE, establishing a baseline for the project
Negative factors
- Inferred category has lower geological confidence
Evidence · table
“40”
Context: 0.9
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
inferredAchilles · goldTonnes: 900000Grade: 0.64Grade Unit: g/tContained Metal: 3.3Contained Unit: moz ageqView all detailsHide details
Identity
- Project
- Achilles
- Commodity
- gold
- Region
- australia_nsw
- Reported Region
- New South Wales
- Ticker
- AGC
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Mr Arnold van der Heyden
- Resource group id
- resource:a5d2fc17119ceaf15e17
- Deposit or zone
- Open pit
- Material type
- transitional
Resource Data
- Category
- inferred
- Tonnes
- 900000
- Grade
- 0.64
- Grade Unit
- g/t
- Contained Metal
- 3.3
- Contained Unit
- moz ageq
- Cutoff Grade
- 40
- Cutoff Unit
- g/t AgEq
Prior Estimate
- Resource Date
- 2025-12-16
Metal Equivalent
- Metal Eq. Grade
- 113
- Metal Eq. Unit
- g/t AgEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: The Achilles project includes a gold grade of 0.64 g/t within the Inferred transition resource, contributing to the overall metal equivalent value.
Positive factors
- Gold is a valuable byproduct in the Inferred transition resource
- Part of a maiden MRE, establishing a baseline for the project
Negative factors
- Inferred category has lower geological confidence
Evidence · table
“0.64”
Context: 0.9
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
inferredAchilles · zincTonnes: 900000Grade: 0.1Grade Unit: %Contained Metal: 3.3Contained Unit: moz ageqView all detailsHide details
Identity
- Project
- Achilles
- Commodity
- zinc
- Region
- australia_nsw
- Reported Region
- New South Wales
- Ticker
- AGC
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Mr Arnold van der Heyden
- Resource group id
- resource:a5d2fc17119ceaf15e17
- Deposit or zone
- Open pit
- Material type
- transitional
Resource Data
- Category
- inferred
- Tonnes
- 900000
- Grade
- 0.1
- Grade Unit
- %
- Contained Metal
- 3.3
- Contained Unit
- moz ageq
- Cutoff Grade
- 40
- Cutoff Unit
- g/t AgEq
Prior Estimate
- Resource Date
- 2025-12-16
Metal Equivalent
- Metal Eq. Grade
- 113
- Metal Eq. Unit
- g/t AgEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: The Achilles project includes a zinc grade of 0.1% within the Inferred transition resource, contributing to the overall metal equivalent value.
Positive factors
- Zinc is a valuable byproduct in the Inferred transition resource
- Part of a maiden MRE, establishing a baseline for the project
Negative factors
- Inferred category has lower geological confidence
Evidence · table
“0.1”
Context: 0.9
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
inferredAchilles · leadTonnes: 900000Grade: 1.1Grade Unit: %Contained Metal: 3.3Contained Unit: moz ageqView all detailsHide details
Identity
- Project
- Achilles
- Commodity
- lead
- Region
- australia_nsw
- Reported Region
- New South Wales
- Ticker
- AGC
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Mr Arnold van der Heyden
- Resource group id
- resource:a5d2fc17119ceaf15e17
- Deposit or zone
- Open pit
- Material type
- transitional
Resource Data
- Category
- inferred
- Tonnes
- 900000
- Grade
- 1.1
- Grade Unit
- %
- Contained Metal
- 3.3
- Contained Unit
- moz ageq
- Cutoff Grade
- 40
- Cutoff Unit
- g/t AgEq
Prior Estimate
- Resource Date
- 2025-12-16
Metal Equivalent
- Metal Eq. Grade
- 113
- Metal Eq. Unit
- g/t AgEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: The Achilles project includes a lead grade of 1.1% within the Inferred transition resource, contributing to the overall metal equivalent value.
Positive factors
- Lead is a valuable byproduct in the Inferred transition resource
- Part of a maiden MRE, establishing a baseline for the project
Negative factors
- Inferred category has lower geological confidence
Evidence · table
“1.1”
Context: 0.9
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
inferredAchilles · silverTonnes: 6200000Grade: 47Grade Unit: g/tContained Metal: 23.5Contained Unit: moz ageqView all detailsHide details
Identity
- Project
- Achilles
- Commodity
- silver
- Region
- australia_nsw
- Reported Region
- New South Wales
- Ticker
- AGC
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Mr Arnold van der Heyden
- Resource group id
- resource:f4a4ddd437aba3ec0505
- Deposit or zone
- Open pit
- Material type
- sulphide
Resource Data
- Category
- inferred
- Tonnes
- 6200000
- Grade
- 47
- Grade Unit
- g/t
- Contained Metal
- 23.5
- Contained Unit
- moz ageq
- Cutoff Grade
- 40
- Cutoff Unit
- g/t AgEq
Prior Estimate
- Resource Date
- 2025-12-16
Metal Equivalent
- Metal Eq. Grade
- 118
- Metal Eq. Unit
- g/t AgEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: The Achilles project includes an Inferred sulphide silver resource of 6.2 Mt at 47 g/t Ag for open pit mining, representing a substantial portion of the overall MRE.
Positive factors
- Significant sulphide resource for silver in an open pit scenario
- Part of a maiden MRE, establishing a baseline for the project
Negative factors
- Inferred category has lower geological confidence
Evidence · table
“47”
Context: 6.2
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
inferredAchilles · goldTonnes: 6200000Grade: 0.34Grade Unit: g/tContained Metal: 23.5Contained Unit: moz ageqView all detailsHide details
Identity
- Project
- Achilles
- Commodity
- gold
- Region
- australia_nsw
- Reported Region
- New South Wales
- Ticker
- AGC
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Mr Arnold van der Heyden
- Resource group id
- resource:f4a4ddd437aba3ec0505
- Deposit or zone
- Open pit
- Material type
- sulphide
Resource Data
- Category
- inferred
- Tonnes
- 6200000
- Grade
- 0.34
- Grade Unit
- g/t
- Contained Metal
- 23.5
- Contained Unit
- moz ageq
- Cutoff Grade
- 40
- Cutoff Unit
- g/t AgEq
Prior Estimate
- Resource Date
- 2025-12-16
Metal Equivalent
- Metal Eq. Grade
- 118
- Metal Eq. Unit
- g/t AgEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: The Achilles project includes a gold grade of 0.34 g/t within the Inferred sulphide resource, contributing to the overall metal equivalent value.
Positive factors
- Gold is a valuable byproduct in the Inferred sulphide resource
- Part of a maiden MRE, establishing a baseline for the project
Negative factors
- Inferred category has lower geological confidence
Evidence · table
“0.34”
Context: 6.2
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
inferredAchilles · zincTonnes: 6200000Grade: 0.9Grade Unit: %Contained Metal: 23.5Contained Unit: moz ageqView all detailsHide details
Identity
- Project
- Achilles
- Commodity
- zinc
- Region
- australia_nsw
- Reported Region
- New South Wales
- Ticker
- AGC
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Mr Arnold van der Heyden
- Resource group id
- resource:f4a4ddd437aba3ec0505
- Deposit or zone
- Open pit
- Material type
- sulphide
Resource Data
- Category
- inferred
- Tonnes
- 6200000
- Grade
- 0.9
- Grade Unit
- %
- Contained Metal
- 23.5
- Contained Unit
- moz ageq
- Cutoff Grade
- 40
- Cutoff Unit
- g/t AgEq
Prior Estimate
- Resource Date
- 2025-12-16
Metal Equivalent
- Metal Eq. Grade
- 118
- Metal Eq. Unit
- g/t AgEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: The Achilles project includes a zinc grade of 0.9% within the Inferred sulphide resource, contributing to the overall metal equivalent value.
Positive factors
- Zinc is a valuable byproduct in the Inferred sulphide resource
- Part of a maiden MRE, establishing a baseline for the project
Negative factors
- Inferred category has lower geological confidence
Evidence · table
“0.9”
Context: 6.2
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
inferredAchilles · leadTonnes: 6200000Grade: 0.6Grade Unit: %Contained Metal: 23.5Contained Unit: moz ageqView all detailsHide details
Identity
- Project
- Achilles
- Commodity
- lead
- Region
- australia_nsw
- Reported Region
- New South Wales
- Ticker
- AGC
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Mr Arnold van der Heyden
- Resource group id
- resource:f4a4ddd437aba3ec0505
- Deposit or zone
- Open pit
- Material type
- sulphide
Resource Data
- Category
- inferred
- Tonnes
- 6200000
- Grade
- 0.6
- Grade Unit
- %
- Contained Metal
- 23.5
- Contained Unit
- moz ageq
- Cutoff Grade
- 40
- Cutoff Unit
- g/t AgEq
Prior Estimate
- Resource Date
- 2025-12-16
Metal Equivalent
- Metal Eq. Grade
- 118
- Metal Eq. Unit
- g/t AgEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: The Achilles project includes a lead grade of 0.6% within the Inferred sulphide resource, contributing to the overall metal equivalent value.
Positive factors
- Lead is a valuable byproduct in the Inferred sulphide resource
- Part of a maiden MRE, establishing a baseline for the project
Negative factors
- Inferred category has lower geological confidence
Evidence · table
“0.6”
Context: 6.2
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
inferredAchilles · silverTonnes: 2400000Grade: 73Grade Unit: g/tContained Metal: 9.8Contained Unit: moz ageqView all detailsHide details
Identity
- Project
- Achilles
- Commodity
- silver
- Region
- australia_nsw
- Reported Region
- New South Wales
- Ticker
- AGC
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Mr Arnold van der Heyden
- Resource group id
- resource:3df636a3a4ab162c63d4
- Deposit or zone
- Underground
- Material type
- sulphide
Resource Data
- Category
- inferred
- Tonnes
- 2400000
- Grade
- 73
- Grade Unit
- g/t
- Contained Metal
- 9.8
- Contained Unit
- moz ageq
- Cutoff Grade
- 80
- Cutoff Unit
- g/t AgEq
Prior Estimate
- Resource Date
- 2025-12-16
Metal Equivalent
- Metal Eq. Grade
- 125
- Metal Eq. Unit
- g/t AgEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: The Achilles project includes an Inferred sulphide silver resource of 2.4 Mt at 73 g/t Ag for underground mining, representing a substantial portion of the overall MRE with good grade.
Positive factors
- Significant sulphide resource for silver in an underground scenario
- High grade for silver in this category and mining method
- Part of a maiden MRE, establishing a baseline for the project
Negative factors
- Inferred category has lower geological confidence
Evidence · table
“73”
Context: 2.4
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
inferredAchilles · goldTonnes: 2400000Grade: 0.31Grade Unit: g/tContained Metal: 9.8Contained Unit: moz ageqView all detailsHide details
Identity
- Project
- Achilles
- Commodity
- gold
- Region
- australia_nsw
- Reported Region
- New South Wales
- Ticker
- AGC
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Mr Arnold van der Heyden
- Resource group id
- resource:3df636a3a4ab162c63d4
- Deposit or zone
- Underground
- Material type
- sulphide
Resource Data
- Category
- inferred
- Tonnes
- 2400000
- Grade
- 0.31
- Grade Unit
- g/t
- Contained Metal
- 9.8
- Contained Unit
- moz ageq
- Cutoff Grade
- 80
- Cutoff Unit
- g/t AgEq
Prior Estimate
- Resource Date
- 2025-12-16
Metal Equivalent
- Metal Eq. Grade
- 125
- Metal Eq. Unit
- g/t AgEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: The Achilles project includes a gold grade of 0.31 g/t within the Inferred sulphide underground resource, contributing to the overall metal equivalent value.
Positive factors
- Gold is a valuable byproduct in the Inferred sulphide underground resource
- Part of a maiden MRE, establishing a baseline for the project
Negative factors
- Inferred category has lower geological confidence
Evidence · table
“0.31”
Context: 2.4
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
inferredAchilles · zincTonnes: 2400000Grade: 0.5Grade Unit: %Contained Metal: 9.8Contained Unit: moz ageqView all detailsHide details
Identity
- Project
- Achilles
- Commodity
- zinc
- Region
- australia_nsw
- Reported Region
- New South Wales
- Ticker
- AGC
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Mr Arnold van der Heyden
- Resource group id
- resource:3df636a3a4ab162c63d4
- Deposit or zone
- Underground
- Material type
- sulphide
Resource Data
- Category
- inferred
- Tonnes
- 2400000
- Grade
- 0.5
- Grade Unit
- %
- Contained Metal
- 9.8
- Contained Unit
- moz ageq
- Cutoff Grade
- 80
- Cutoff Unit
- g/t AgEq
Prior Estimate
- Resource Date
- 2025-12-16
Metal Equivalent
- Metal Eq. Grade
- 125
- Metal Eq. Unit
- g/t AgEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: The Achilles project includes a zinc grade of 0.5% within the Inferred sulphide underground resource, contributing to the overall metal equivalent value.
Positive factors
- Zinc is a valuable byproduct in the Inferred sulphide underground resource
- Part of a maiden MRE, establishing a baseline for the project
Negative factors
- Inferred category has lower geological confidence
Evidence · table
“0.5”
Context: 2.4
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
inferredAchilles · leadTonnes: 2400000Grade: 0.3Grade Unit: %Contained Metal: 9.8Contained Unit: moz ageqView all detailsHide details
Identity
- Project
- Achilles
- Commodity
- lead
- Region
- australia_nsw
- Reported Region
- New South Wales
- Ticker
- AGC
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Mr Arnold van der Heyden
- Resource group id
- resource:3df636a3a4ab162c63d4
- Deposit or zone
- Underground
- Material type
- sulphide
Resource Data
- Category
- inferred
- Tonnes
- 2400000
- Grade
- 0.3
- Grade Unit
- %
- Contained Metal
- 9.8
- Contained Unit
- moz ageq
- Cutoff Grade
- 80
- Cutoff Unit
- g/t AgEq
Prior Estimate
- Resource Date
- 2025-12-16
Metal Equivalent
- Metal Eq. Grade
- 125
- Metal Eq. Unit
- g/t AgEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: The Achilles project includes a lead grade of 0.3% within the Inferred sulphide underground resource, contributing to the overall metal equivalent value.
Positive factors
- Lead is a valuable byproduct in the Inferred sulphide underground resource
- Part of a maiden MRE, establishing a baseline for the project
Negative factors
- Inferred category has lower geological confidence
Evidence · table
“0.3”
Context: 2.4
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
inferredAchilles · silverTonnes: 10300000Grade: 51Grade Unit: g/tContained Metal: 38.5Contained Unit: moz ageqView all detailsHide details
Identity
- Project
- Achilles
- Commodity
- silver
- Region
- australia_nsw
- Reported Region
- New South Wales
- Ticker
- AGC
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Mr Arnold van der Heyden
- Resource group id
- resource:d287a150f1ddc44aa742
- Deposit or zone
- Total Total
Resource Data
- Category
- inferred
- Tonnes
- 10300000
- Grade
- 51
- Grade Unit
- g/t
- Contained Metal
- 38.5
- Contained Unit
- moz ageq
- Cutoff Grade
- 40
- Cutoff Unit
- g/t AgEq
Prior Estimate
- Resource Date
- 2025-12-16
Metal Equivalent
- Metal Eq. Grade
- 116
- Metal Eq. Unit
- g/t AgEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: The Achilles project has a substantial total silver resource of 10.3 Mt at 51 g/t Ag, forming a key part of the maiden MRE and indicating significant silver endowment.
Positive factors
- Significant total silver resource declared as part of the maiden MRE
- Good overall grade for silver across combined categories and mining methods
Evidence · table
“51”
Context: 10.3
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
inferredAchilles · goldTonnes: 10300000Grade: 0.37Grade Unit: g/tContained Metal: 38.5Contained Unit: moz ageqView all detailsHide details
Identity
- Project
- Achilles
- Commodity
- gold
- Region
- australia_nsw
- Reported Region
- New South Wales
- Ticker
- AGC
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Mr Arnold van der Heyden
- Resource group id
- resource:d287a150f1ddc44aa742
- Deposit or zone
- Total Total
Resource Data
- Category
- inferred
- Tonnes
- 10300000
- Grade
- 0.37
- Grade Unit
- g/t
- Contained Metal
- 38.5
- Contained Unit
- moz ageq
- Cutoff Grade
- 40
- Cutoff Unit
- g/t AgEq
Prior Estimate
- Resource Date
- 2025-12-16
Metal Equivalent
- Metal Eq. Grade
- 116
- Metal Eq. Unit
- g/t AgEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: The Achilles project includes a gold grade of 0.37 g/t in the total resource, providing a valuable secondary commodity and contributing to the overall AgEq.
Positive factors
- Gold is a valuable byproduct in the total resource declared as part of the maiden MRE
- Contributes to the overall metal equivalent value
Evidence · table
“0.37”
Context: 10.3
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
inferredAchilles · zincTonnes: 10300000Grade: 0.7Grade Unit: %Contained Metal: 38.5Contained Unit: moz ageqView all detailsHide details
Identity
- Project
- Achilles
- Commodity
- zinc
- Region
- australia_nsw
- Reported Region
- New South Wales
- Ticker
- AGC
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Mr Arnold van der Heyden
- Resource group id
- resource:d287a150f1ddc44aa742
- Deposit or zone
- Total Total
Resource Data
- Category
- inferred
- Tonnes
- 10300000
- Grade
- 0.7
- Grade Unit
- %
- Contained Metal
- 38.5
- Contained Unit
- moz ageq
- Cutoff Grade
- 40
- Cutoff Unit
- g/t AgEq
Prior Estimate
- Resource Date
- 2025-12-16
Metal Equivalent
- Metal Eq. Grade
- 116
- Metal Eq. Unit
- g/t AgEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: The Achilles project includes a zinc grade of 0.7% in the total resource, providing a valuable secondary commodity and contributing to the overall AgEq.
Positive factors
- Zinc is a valuable byproduct in the total resource declared as part of the maiden MRE
- Contributes to the overall metal equivalent value
Evidence · table
“0.7”
Context: 10.3
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
inferredAchilles · leadTonnes: 10300000Grade: 0.5Grade Unit: %Contained Metal: 38.5Contained Unit: moz ageqView all detailsHide details
Identity
- Project
- Achilles
- Commodity
- lead
- Region
- australia_nsw
- Reported Region
- New South Wales
- Ticker
- AGC
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Mr Arnold van der Heyden
- Resource group id
- resource:d287a150f1ddc44aa742
- Deposit or zone
- Total Total
Resource Data
- Category
- inferred
- Tonnes
- 10300000
- Grade
- 0.5
- Grade Unit
- %
- Contained Metal
- 38.5
- Contained Unit
- moz ageq
- Cutoff Grade
- 40
- Cutoff Unit
- g/t AgEq
Prior Estimate
- Resource Date
- 2025-12-16
Metal Equivalent
- Metal Eq. Grade
- 116
- Metal Eq. Unit
- g/t AgEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: The Achilles project includes a lead grade of 0.5% in the total resource, providing a valuable secondary commodity and contributing to the overall AgEq.
Positive factors
- Lead is a valuable byproduct in the total resource declared as part of the maiden MRE
- Contributes to the overall metal equivalent value
Evidence · table
“0.5”
Context: 10.3
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
Fact 41South Cobar ProjectView all detailsHide details
Identity
- Project
- South Cobar Project
- Region
- australia_nsw
- Reported Region
- New South Wales
- Ticker
- AGC
Resource scope
- Resource group id
- resource:eab9ddf02dc48e7816db
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: The acquisition of the Browns/Evergreen Project for $1.35M worth of AGC shares and cash expanded AGC's South Cobar Project by 1,269km², adding highly prospective exploration tenure.
Positive factors
- Acquisition expands land position in a key project area
- Adds highly prospective exploration tenure
Evidence · text
“$1.35M worth of AGC shares were issued to EMS”
Tags used in scoring
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Fact 42Junee Gold ProjectView all detailsHide details
Identity
- Project
- Junee Gold Project
- Region
- australia_nsw
- Reported Region
- New South Wales
- Ticker
- AGC
Resource scope
- Resource group id
- resource:aec5823c8cb352f6803b
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: The acquisition of New South Resources, owner of the Junee Gold Project, for $3.8 million in shares provides AGC with a large-scale, gold-dominant project with multiple drill-ready targets, significantly enhancing its portfolio.
Positive factors
- Acquisition of a large-scale, highly prospective gold-dominant project
- Complements existing South Cobar Strategy
- Adds seven drill-ready targets
Evidence · text
“issuance of 30 million shares in AGC, equivalent to approximately $3.8 million, based on the 5-day VWAP for AGC shares up to completion which occurred on 20 July 2026 of $0.1268 per share.”
Tags used in scoring
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Fact 43View all detailsHide details
Identity
- Ticker
- AGC
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: A second tranche of the placement, completed in July 2026, raised an additional $2,547,699 from Geozen Resources Group Co. Limited, providing further significant funding for the company's operations.
Positive factors
- Significant capital raise to fund ongoing activities
- Placement at a reasonable price per share
- Strategic investment from Geozen Resources Group Co. Limited
Evidence · text
“A second tranche of the placement for a further 16,436,770 shares at $0.155 per share to Geozen Resources Group Co. Limited to raise a total of $2,547,699 was subject to shareholder approval and was completed in July 2026.”
Tags used in scoring
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Metallurgical Results (4)
flotation and leachingAchilles · silverRecovery: 83 %Head Grade: 229Head Grade Unit: g/tView all detailsHide details
Identity
- Project
- Achilles
- Commodity
- silver
- Region
- australia_nsw
- Reported Region
- New South Wales
- Ticker
- AGC
Test Work
- Program Status
- detailed
- Test Type
- flotation and leaching
- Processing Route
- sulphide rougher and cleaner flotation trials with leaching of the resultant tails
- Sample
- bulk composite sample selected from twenty-six individual core samples within seven diamond holes, for a combined grade of 229g/t Ag, 1.3g/t Au, 5.5% Zn, 3.2% Pb, 0.5% Cu.
Recovery
- Recovery
- 83 %
- Recovery Basis
- actual_test
- Head Grade
- 229
- Head Grade Unit
- g/t
- Conc. Grade
- 1267
- Conc. Grade Unit
- g/t
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: Initial metallurgical test work for Achilles demonstrated a robust 83.0% recovery for silver with a high concentrate grade of 1,267 g/t, supporting the economic recoverability of silver.
Positive factors
- Robust recovery for silver
- High concentrate grade for silver
- Test work conducted on a bulk composite sample, indicating representativeness
Evidence · text
“Combined float/leach recoveries of 83.0% silver”
Tags used in scoring
Mill Routeneutral
Processing via mill or concentrator (CIL, CIP, tank leach, flotation).
Why it applies: processing_route matches the flotation signal
flotation and leachingAchilles · goldRecovery: 90.3 %Head Grade: 1.3Head Grade Unit: g/tView all detailsHide details
Identity
- Project
- Achilles
- Commodity
- gold
- Region
- australia_nsw
- Reported Region
- New South Wales
- Ticker
- AGC
Test Work
- Program Status
- detailed
- Test Type
- flotation and leaching
- Processing Route
- sulphide rougher and cleaner flotation trials with leaching of the resultant tails
- Sample
- bulk composite sample selected from twenty-six individual core samples within seven diamond holes, for a combined grade of 229g/t Ag, 1.3g/t Au, 5.5% Zn, 3.2% Pb, 0.5% Cu.
Recovery
- Recovery
- 90.3 %
- Recovery Basis
- actual_test
- Head Grade
- 1.3
- Head Grade Unit
- g/t
- Conc. Grade
- 4.9
- Conc. Grade Unit
- g/t
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: Initial metallurgical test work for Achilles demonstrated a robust 90.3% recovery for gold with a concentrate grade of 4.9 g/t, supporting the economic recoverability of gold.
Positive factors
- Robust recovery for gold
- Good concentrate grade for gold
- Test work conducted on a bulk composite sample, indicating representativeness
Evidence · text
“90.3% gold, with concentrate grades of up to 1,267 g/t & 4.9 g/t respectively”
Tags used in scoring
Mill Routeneutral
Processing via mill or concentrator (CIL, CIP, tank leach, flotation).
Why it applies: processing_route matches the flotation signal
flotation and leachingAchilles · leadRecovery: 92.2 %Head Grade: 3.2Head Grade Unit: %View all detailsHide details
Identity
- Project
- Achilles
- Commodity
- lead
- Region
- australia_nsw
- Reported Region
- New South Wales
- Ticker
- AGC
Test Work
- Program Status
- detailed
- Test Type
- flotation and leaching
- Processing Route
- sulphide rougher and cleaner flotation trials with leaching of the resultant tails
- Sample
- bulk composite sample selected from twenty-six individual core samples within seven diamond holes, for a combined grade of 229g/t Ag, 1.3g/t Au, 5.5% Zn, 3.2% Pb, 0.5% Cu.
Recovery
- Recovery
- 92.2 %
- Recovery Basis
- actual_test
- Head Grade
- 3.2
- Head Grade Unit
- %
- Conc. Grade
- 18.5
- Conc. Grade Unit
- %
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: Initial metallurgical test work for Achilles demonstrated a robust 92.2% recovery for lead with a concentrate grade of 18.5%, supporting the economic recoverability of lead.
Positive factors
- Robust recovery for lead
- Good concentrate grade for lead
- Test work conducted on a bulk composite sample, indicating representativeness
Evidence · text
“92.2% lead & 95.7% zinc, with concentrate grades of up to 18.5% & 32.8% respectively”
Tags used in scoring
Mill Routeneutral
Processing via mill or concentrator (CIL, CIP, tank leach, flotation).
Why it applies: processing_route matches the flotation signal
flotation and leachingAchilles · zincRecovery: 95.7 %Head Grade: 5.5Head Grade Unit: %View all detailsHide details
Identity
- Project
- Achilles
- Commodity
- zinc
- Region
- australia_nsw
- Reported Region
- New South Wales
- Ticker
- AGC
Test Work
- Program Status
- detailed
- Test Type
- flotation and leaching
- Processing Route
- sulphide rougher and cleaner flotation trials with leaching of the resultant tails
- Sample
- bulk composite sample selected from twenty-six individual core samples within seven diamond holes, for a combined grade of 229g/t Ag, 1.3g/t Au, 5.5% Zn, 3.2% Pb, 0.5% Cu.
Recovery
- Recovery
- 95.7 %
- Recovery Basis
- actual_test
- Head Grade
- 5.5
- Head Grade Unit
- %
- Conc. Grade
- 32.8
- Conc. Grade Unit
- %
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: Initial metallurgical test work for Achilles demonstrated a robust 95.7% recovery for zinc with a high concentrate grade of 32.8%, supporting the economic recoverability of zinc.
Positive factors
- Robust recovery for zinc
- High concentrate grade for zinc
- Test work conducted on a bulk composite sample, indicating representativeness
Evidence · text
“95.7% zinc, with concentrate grades of up to 18.5% & 32.8% respectively”
Tags used in scoring
Mill Routeneutral
Processing via mill or concentrator (CIL, CIP, tank leach, flotation).
Why it applies: processing_route matches the flotation signal
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.