AHN: Excellent Narryer Drilling Results

Original announcement by asx on Oct 11, 2026

Bullish

Company: Athena Resources Limited
Ticker: AHN
Exchange: ASX
Region: Western Australia
Primary commodity: Iron ore
Secondary commodities: None reported
Document categories: Drill results, Metallurgy
Extracted: 2026-10-11 22:12:18 UTC

Atlas analysis published: Oct 11, 2026

Minestarters Atlas analysis

Summary

Athena Resources has reported excellent drilling results from its Narryer Prospect, part of the Byro Magnetite Project in Western Australia. The program intersected multiple broad magnetite zones, including several over 40m in length at Narryer Main, and confirmed mineralization at the new Narryer Southwest Target with a 31m intercept at 32.74% Fe. Metallurgical test work demonstrated the ability to produce high-grade iron concentrates averaging 67.44% Fe and 69.70% Fe, with a maiden Mineral Resource Estimate for Narryer targeted for completion in December 2026.

Reasoning: The announcement reports excellent drill results with multiple broad, high-grade magnetite intercepts, including a new discovery at Narryer Southwest, and confirms exceptional concentrate grades from metallurgical test work, significantly advancing the project towards a maiden Mineral Resource Estimate.

Positive factors

Multiple broad, high-grade magnetite intercepts, including several over 40m in length, confirm significant mineralization at Narryer Main.
Maiden drill hole at the previously untested Narryer Southwest target successfully confirmed iron mineralization with a strong intercept, indicating a new prospect.
Metallurgical test work (DTR) yielded exceptional concentrate grades averaging 67.44% Fe and 69.70% Fe, demonstrating the high quality of the potential product.
The drilling program has improved geological understanding and confidence, providing a strong foundation for a maiden Mineral Resource Estimate (MRE) targeted for completion in December 2026.
All exploration results and metallurgical test work are reported under JORC Code 2012, with Competent Person sign-off and disclosed QA/QC procedures.

Negative factors

True widths of the intercepts are not provided, meaning downhole lengths may not represent actual thickness.
The in-situ iron grades, while good for magnetite, are below the 'strong' threshold for iron ore, relying heavily on successful beneficiation to achieve high concentrate grades.

Facts used in scoring: 53

Classification and evidence

QA/QC Disclosedpositive

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

Why it applies: The release explicitly mentions the use of OREAS standards, blanks, duplicates, and independent laboratory analysis by Spectrolab Geraldton, along with Competent Person sign-off for exploration results and metallurgy.

Evidence · text

“OREAS standards and blanks used at regular intervals, typically 1 every 15 samples. Duplicates also utilised. ... Samples were checked in the field and submitted to Spectrolab in Geraldton for XRF analysis PR0034, LOI PR0007, Specific gravity SG0001, and Davis Tube Recovery testwork.”

Compositing Transparentpositive

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

Why it applies: The release clearly states the compositing parameters for significant intersections, including a lower cut-off of 18% Fe, no upper cut-off, a maximum of 1m internal dilution, and a minimum reported downhole interval of 5m.

Evidence · text

“Significant drill intersections are reported using a lower cut-off of 18% Fe, no upper cut-off, a maximum of 1m internal dilution and a minimum reported downhole interval of 5m.”

Apparent Width Onlynegative

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

Why it applies: The document explicitly states that 'True width not included in this document, only down hole intervals,' indicating that the reported lengths are not adjusted for the angle of intersection with the mineralization.

Evidence · text

“True width not included in this document, only down hole intervals.”

Step-Out Extensionpositive

Mineralization extended beyond the previously known limit.

Why it applies: The maiden drill hole AHRC0131 successfully confirmed mineralization at the previously untested Narryer Southwest Target, located 6km from Narryer Main, extending the known mineralized footprint.

Evidence · text

“Maiden Drill Hole identifies new Narryer Southwest Target ... First hole confirms mineralisation at new Narryer South-West Target with intersection: o AHRC0131 31m @ 32.74% Fe from 55m”

QP/CP Signedpositive · Story-specific tag

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 metallurgical information is compiled by Mr Terence Weston, a Member of the Australasian Institute of Mining and Metallurgy, who qualifies as a Competent Person under JORC Code 2012 Edition.

Evidence · text

“The metallurgical information included in this ASX Announcement is based on information compiled by Mr Terence Weston, a consultant to Athena Resources Limited. Mr Weston is a Member of the Australasian Institute of Mining and Metallurgy (Member ID 106114).”

Bench Scale Onlynegative

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

Why it applies: The metallurgical test work reported is Davis Tube Recovery (DTR), which is a bench-scale test and not a larger-scale pilot or locked-cycle test.

Evidence · text

“Davis Tube Recovery (DTR) test work in September 2026 achieved high grade concentrate”

High Concentrate Gradepositive · Story-specific tag

No canonical definition is currently available.

Why it applies: The DTR test work achieved weighted average concentrate grades of 67.44% Fe and 69.70% Fe, which are well above the 'exceptional' threshold of 62% Fe for iron ore concentrate.

Evidence · text

“Concentrate Grades Average 67.4% Fe ... returned a weighted average concentrate grade of 67.44% Fe ... and 69.70% Fe”

Mill Routeneutral

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

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

Gravity Routeneutral

Gravity separation forms a material part of the flowsheet.

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

Multi-Domain Testedpositive

Variability across ore domains (oxide, transition, fresh) has been addressed.

Why it applies: 20 distinct composites were tested

Extracted facts

Stored fact records: 53. Some facts used in scoring do not have a stored record.

Drill Results (27)

AHRC0132Narryer Prospect · iron_oreGrade: 34.6Grade Unit: %Intercept: 11 mView all details

Link to this fact

Identity

Hole ID: AHRC0132
Project: Narryer Prospect
Commodity: iron_ore
Region: australia_wa
Reported Region: australia_wa
Ticker: AHN

Geometry

Grade: 34.6
Grade Unit: %
Intercept: 11 m
From: 20 m
To: 31 m
Hole Depth: 46 m
Intercept Depth: 20 m

Classification

Deposit Type: other
Program: mixed
Sample Type: drill
Group ID: AHRC0132:20-31
Mining Method: open_pit

Location

Easting: 396121
Northing: 7063091
Elevation: 318 m
Azimuth: 115 °
Dip: -60 °
Loc. Confidence: high
Loc. Source: document

QA/QC

Laboratory: Spectrolab Geraldton
QA/QC Disclosed: Yes
QP Signed: Yes
QA/QC Methods: standards, blanks, duplicates

Compositing

Cutoff Grade: 18
Cutoff Unit: % Fe
Dilution Disclosed: Yes
Max Dilution: 1 m

Review

Needs Review: No
Interp. Status: scored
Historical: No

Dates

Event date: 2026-10-11T00:00:00.000Z

Reasoning: This intercept contributes positively to the understanding of the Narryer Main Prospect, with a good grade and width for magnetite, supporting future resource estimation.

Positive factors

Good intercept length and grade for magnetite iron ore, contributing to the overall resource potential.
Part of a program designed to improve geological understanding and confidence for a maiden MRE.

Negative factors

True width not provided, which may overstate the actual thickness of the mineralization.

Evidence · table

“34.6”

Context: 11

Tags used in scoring

QA/QC Disclosedpositive

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

Why it applies: qaqc_disclosed is true

Compositing Transparentpositive

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

Why it applies: cutoff_grade and internal dilution are both stated

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "mixed"

AHRC0133Narryer Prospect · iron_oreGrade: 31.94Grade Unit: %Intercept: 29 mView all details

Link to this fact

Identity

Hole ID: AHRC0133
Project: Narryer Prospect
Commodity: iron_ore
Region: australia_wa
Reported Region: australia_wa
Ticker: AHN

Geometry

Grade: 31.94
Grade Unit: %
Intercept: 29 m
From: 20 m
To: 49 m
Hole Depth: 70 m
Intercept Depth: 20 m

Classification

Deposit Type: other
Program: mixed
Sample Type: drill
Group ID: AHRC0133:20-49
Mining Method: open_pit

Location

Easting: 396102
Northing: 7063103
Elevation: 318 m
Azimuth: 115 °
Dip: -60 °
Loc. Confidence: high
Loc. Source: document

QA/QC

Laboratory: Spectrolab Geraldton
QA/QC Disclosed: Yes
QP Signed: Yes
QA/QC Methods: standards, blanks, duplicates

Compositing

Cutoff Grade: 18
Cutoff Unit: % Fe
Dilution Disclosed: Yes
Max Dilution: 1 m

Review

Needs Review: No
Interp. Status: scored
Historical: No

Dates

Event date: 2026-10-11T00:00:00.000Z

Reasoning: This intercept is a strong positive, providing a substantial width and good grade that supports the prospectivity of Narryer Main and the ongoing resource estimation work.

Positive factors

Significant intercept length and good grade for magnetite iron ore, enhancing the potential of Narryer Main.
Contributes to improved geological resolution and confidence for the upcoming maiden MRE.

Negative factors

True width not provided, which may overstate the actual thickness of the mineralization.

Evidence · table

“31.94”

Context: 29

Tags used in scoring

QA/QC Disclosedpositive

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

Why it applies: qaqc_disclosed is true

Compositing Transparentpositive

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

Why it applies: cutoff_grade and internal dilution are both stated

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "mixed"

AHRC0134Narryer Prospect · iron_oreGrade: 32.86Grade Unit: %Intercept: 32 mView all details

Link to this fact

Identity

Hole ID: AHRC0134
Project: Narryer Prospect
Commodity: iron_ore
Region: australia_wa
Reported Region: australia_wa
Ticker: AHN

Geometry

Grade: 32.86
Grade Unit: %
Intercept: 32 m
From: 16 m
To: 48 m
Hole Depth: 52 m
Intercept Depth: 16 m

Classification

Deposit Type: other
Program: mixed
Sample Type: drill
Group ID: AHRC0134:16-48
Mining Method: open_pit

Location

Easting: 396142
Northing: 7063207
Elevation: 322.5 m
Azimuth: 115 °
Dip: -60 °
Loc. Confidence: high
Loc. Source: document

QA/QC

Laboratory: Spectrolab Geraldton
QA/QC Disclosed: Yes
QP Signed: Yes
QA/QC Methods: standards, blanks, duplicates

Compositing

Cutoff Grade: 18
Cutoff Unit: % Fe
Dilution Disclosed: Yes
Max Dilution: 1 m

Review

Needs Review: No
Interp. Status: scored
Historical: No

Dates

Event date: 2026-10-11T00:00:00.000Z

Reasoning: This intercept is a strong positive, providing a substantial width and good grade that supports the prospectivity of Narryer Main and the ongoing resource estimation work.

Positive factors

Significant intercept length and good grade for magnetite iron ore, enhancing the potential of Narryer Main.
Contributes to improved geological resolution and confidence for the upcoming maiden MRE.

Negative factors

True width not provided, which may overstate the actual thickness of the mineralization.

Evidence · table

“32.86”

Context: 32

Tags used in scoring

QA/QC Disclosedpositive

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

Why it applies: qaqc_disclosed is true

Compositing Transparentpositive

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

Why it applies: cutoff_grade and internal dilution are both stated

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "mixed"

AHRC0135Narryer Prospect · iron_oreGrade: 33.48Grade Unit: %Intercept: 20 mView all details

Link to this fact

Identity

Hole ID: AHRC0135
Project: Narryer Prospect
Commodity: iron_ore
Region: australia_wa
Reported Region: australia_wa
Ticker: AHN

Geometry

Grade: 33.48
Grade Unit: %
Intercept: 20 m
From: 11 m
To: 31 m
Hole Depth: 46 m
Intercept Depth: 11 m

Classification

Deposit Type: other
Program: mixed
Sample Type: drill
Group ID: AHRC0135:11-31
Mining Method: open_pit

Location

Easting: 396162
Northing: 7063279
Elevation: 324 m
Azimuth: 115 °
Dip: -60 °
Loc. Confidence: high
Loc. Source: document

QA/QC

Laboratory: Spectrolab Geraldton
QA/QC Disclosed: Yes
QP Signed: Yes
QA/QC Methods: standards, blanks, duplicates

Compositing

Cutoff Grade: 18
Cutoff Unit: % Fe
Dilution Disclosed: Yes
Max Dilution: 1 m

Review

Needs Review: No
Interp. Status: scored
Historical: No

Dates

Event date: 2026-10-11T00:00:00.000Z

Reasoning: This intercept contributes positively to the understanding of the Narryer Main Prospect, with a good grade and width for magnetite, supporting future resource estimation.

Positive factors

Good intercept length and grade for magnetite iron ore, contributing to the overall resource potential.
Part of a program designed to improve geological understanding and confidence for a maiden MRE.

Negative factors

True width not provided, which may overstate the actual thickness of the mineralization.

Evidence · table

“33.48”

Context: 20

Tags used in scoring

QA/QC Disclosedpositive

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

Why it applies: qaqc_disclosed is true

Compositing Transparentpositive

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

Why it applies: cutoff_grade and internal dilution are both stated

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "mixed"

AHRC0136Narryer Prospect · iron_oreGrade: 24.84Grade Unit: %Intercept: 16 mView all details

Link to this fact

Identity

Hole ID: AHRC0136
Project: Narryer Prospect
Commodity: iron_ore
Region: australia_wa
Reported Region: australia_wa
Ticker: AHN

Geometry

Grade: 24.84
Grade Unit: %
Intercept: 16 m
From: 35 m
To: 51 m
Hole Depth: 58 m
Intercept Depth: 35 m

Classification

Deposit Type: other
Program: mixed
Sample Type: drill
Group ID: AHRC0136:35-51
Mining Method: open_pit

Location

Easting: 396140
Northing: 7063297
Elevation: 322.5 m
Azimuth: 115 °
Dip: -60 °
Loc. Confidence: high
Loc. Source: document

QA/QC

Laboratory: Spectrolab Geraldton
QA/QC Disclosed: Yes
QP Signed: Yes
QA/QC Methods: standards, blanks, duplicates

Compositing

Cutoff Grade: 18
Cutoff Unit: % Fe
Dilution Disclosed: Yes
Max Dilution: 1 m

Review

Needs Review: No
Interp. Status: scored
Historical: No

Dates

Event date: 2026-10-11T00:00:00.000Z

Reasoning: This intercept provides further data on the Narryer Main Prospect, with a reasonable grade and width for magnetite, supporting future resource estimation.

Positive factors

Solid intercept length and grade for magnetite iron ore, contributing to the overall resource potential.
Part of a program designed to improve geological understanding and confidence for a maiden MRE.

Negative factors

True width not provided, which may overstate the actual thickness of the mineralization.

Evidence · table

“24.84”

Context: 16

Tags used in scoring

QA/QC Disclosedpositive

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

Why it applies: qaqc_disclosed is true

Compositing Transparentpositive

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

Why it applies: cutoff_grade and internal dilution are both stated

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "mixed"

AHRC0137Narryer Prospect · iron_oreGrade: 24.84Grade Unit: %Intercept: 12 mView all details

Link to this fact

Identity

Hole ID: AHRC0137
Project: Narryer Prospect
Commodity: iron_ore
Region: australia_wa
Reported Region: australia_wa
Ticker: AHN

Geometry

Grade: 24.84
Grade Unit: %
Intercept: 12 m
From: 5 m
To: 17 m
Hole Depth: 40 m
Intercept Depth: 5 m

Classification

Deposit Type: other
Program: mixed
Sample Type: drill
Group ID: AHRC0137:5-17
Mining Method: open_pit

Location

Easting: 396179
Northing: 7063328
Elevation: 320 m
Azimuth: 115 °
Dip: -60 °
Loc. Confidence: high
Loc. Source: document

QA/QC

Laboratory: Spectrolab Geraldton
QA/QC Disclosed: Yes
QP Signed: Yes
QA/QC Methods: standards, blanks, duplicates

Compositing

Cutoff Grade: 18
Cutoff Unit: % Fe
Dilution Disclosed: Yes
Max Dilution: 1 m

Review

Needs Review: No
Interp. Status: scored
Historical: No

Dates

Event date: 2026-10-11T00:00:00.000Z

Reasoning: This intercept provides further data on the Narryer Main Prospect, with a reasonable grade and width for magnetite, supporting future resource estimation.

Positive factors

Solid intercept length and grade for magnetite iron ore, contributing to the overall resource potential.
Part of a program designed to improve geological understanding and confidence for a maiden MRE.

Negative factors

True width not provided, which may overstate the actual thickness of the mineralization.

Evidence · table

“24.84”

Context: 12

Tags used in scoring

QA/QC Disclosedpositive

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

Why it applies: qaqc_disclosed is true

Compositing Transparentpositive

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

Why it applies: cutoff_grade and internal dilution are both stated

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "mixed"

AHRC0138Narryer Prospect · iron_oreGrade: 26.31Grade Unit: %Intercept: 10 mView all details

Link to this fact

Identity

Hole ID: AHRC0138
Project: Narryer Prospect
Commodity: iron_ore
Region: australia_wa
Reported Region: australia_wa
Ticker: AHN

Geometry

Grade: 26.31
Grade Unit: %
Intercept: 10 m
From: 0 m
To: 10 m
Hole Depth: 22 m
Intercept Depth: 0 m

Classification

Deposit Type: other
Program: mixed
Sample Type: drill
Group ID: AHRC0138:0-10
Mining Method: open_pit

Location

Easting: 396208
Northing: 7063367
Elevation: 320 m
Azimuth: 115 °
Dip: -60 °
Loc. Confidence: high
Loc. Source: document

QA/QC

Laboratory: Spectrolab Geraldton
QA/QC Disclosed: Yes
QP Signed: Yes
QA/QC Methods: standards, blanks, duplicates

Compositing

Cutoff Grade: 18
Cutoff Unit: % Fe
Dilution Disclosed: Yes
Max Dilution: 1 m

Review

Needs Review: No
Interp. Status: scored
Historical: No

Dates

Event date: 2026-10-11T00:00:00.000Z

Reasoning: This intercept provides further data on the Narryer Main Prospect, with a reasonable grade and width for magnetite, supporting future resource estimation.

Positive factors

Solid intercept length and grade for magnetite iron ore, contributing to the overall resource potential.
Part of a program designed to improve geological understanding and confidence for a maiden MRE.

Negative factors

True width not provided, which may overstate the actual thickness of the mineralization.

Evidence · table

“26.31”

Context: 10

Tags used in scoring

QA/QC Disclosedpositive

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

Why it applies: qaqc_disclosed is true

Compositing Transparentpositive

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

Why it applies: cutoff_grade and internal dilution are both stated

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "mixed"

AHRC0139Narryer Prospect · iron_oreGrade: 30.51Grade Unit: %Intercept: 16 mView all details

Link to this fact

Identity

Hole ID: AHRC0139
Project: Narryer Prospect
Commodity: iron_ore
Region: australia_wa
Reported Region: australia_wa
Ticker: AHN

Geometry

Grade: 30.51
Grade Unit: %
Intercept: 16 m
From: 16 m
To: 32 m
Hole Depth: 40 m
Intercept Depth: 16 m

Classification

Deposit Type: other
Program: mixed
Sample Type: drill
Group ID: AHRC0139:16-32
Mining Method: open_pit

Location

Easting: 396182
Northing: 7063375
Elevation: 322 m
Azimuth: 115 °
Dip: -60 °
Loc. Confidence: high
Loc. Source: document

QA/QC

Laboratory: Spectrolab Geraldton
QA/QC Disclosed: Yes
QP Signed: Yes
QA/QC Methods: standards, blanks, duplicates

Compositing

Cutoff Grade: 18
Cutoff Unit: % Fe
Dilution Disclosed: Yes
Max Dilution: 1 m

Review

Needs Review: No
Interp. Status: scored
Historical: No

Dates

Event date: 2026-10-11T00:00:00.000Z

Reasoning: This intercept contributes positively to the understanding of the Narryer Main Prospect, with a good grade and width for magnetite, supporting future resource estimation.

Positive factors

Good intercept length and grade for magnetite iron ore, contributing to the overall resource potential.
Part of a program designed to improve geological understanding and confidence for a maiden MRE.

Negative factors

True width not provided, which may overstate the actual thickness of the mineralization.

Evidence · table

“30.51”

Context: 16

Tags used in scoring

QA/QC Disclosedpositive

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

Why it applies: qaqc_disclosed is true

Compositing Transparentpositive

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

Why it applies: cutoff_grade and internal dilution are both stated

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "mixed"

AHRC0140Narryer Prospect · iron_oreGrade: 29.03Grade Unit: %Intercept: 27 mView all details

Link to this fact

Identity

Hole ID: AHRC0140
Project: Narryer Prospect
Commodity: iron_ore
Region: australia_wa
Reported Region: australia_wa
Ticker: AHN

Geometry

Grade: 29.03
Grade Unit: %
Intercept: 27 m
From: 26 m
To: 53 m
Hole Depth: 70 m
Intercept Depth: 26 m

Classification

Deposit Type: other
Program: mixed
Sample Type: drill
Group ID: AHRC0140:26-53
Mining Method: open_pit

Location

Easting: 396175
Northing: 7063444
Elevation: 323 m
Azimuth: 115 °
Dip: -60 °
Loc. Confidence: high
Loc. Source: document

QA/QC

Laboratory: Spectrolab Geraldton
QA/QC Disclosed: Yes
QP Signed: Yes
QA/QC Methods: standards, blanks, duplicates

Compositing

Cutoff Grade: 18
Cutoff Unit: % Fe
Dilution Disclosed: Yes
Max Dilution: 1 m

Review

Needs Review: No
Interp. Status: scored
Historical: No

Dates

Event date: 2026-10-11T00:00:00.000Z

Reasoning: This intercept is a strong positive, providing a substantial width and good grade that supports the prospectivity of Narryer Main and the ongoing resource estimation work.

Positive factors

Significant intercept length and good grade for magnetite iron ore, enhancing the potential of Narryer Main.
Contributes to improved geological resolution and confidence for the upcoming maiden MRE.

Negative factors

True width not provided, which may overstate the actual thickness of the mineralization.

Evidence · table

“29.03”

Context: 27

Tags used in scoring

QA/QC Disclosedpositive

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

Why it applies: qaqc_disclosed is true

Compositing Transparentpositive

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

Why it applies: cutoff_grade and internal dilution are both stated

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "mixed"

AHRC0141Narryer Prospect · iron_oreGrade: 30.78Grade Unit: %Intercept: 40 mView all details

Link to this fact

Identity

Hole ID: AHRC0141
Project: Narryer Prospect
Commodity: iron_ore
Region: australia_wa
Reported Region: australia_wa
Ticker: AHN

Geometry

Grade: 30.78
Grade Unit: %
Intercept: 40 m
From: 28 m
To: 68 m
Hole Depth: 70 m
Intercept Depth: 28 m

Classification

Deposit Type: other
Program: mixed
Sample Type: drill
Group ID: AHRC0141:28-68
Mining Method: open_pit

Location

Easting: 396038
Northing: 7063020
Elevation: 316.5 m
Azimuth: 115 °
Dip: -60 °
Loc. Confidence: high
Loc. Source: document

QA/QC

Laboratory: Spectrolab Geraldton
QA/QC Disclosed: Yes
QP Signed: Yes
QA/QC Methods: standards, blanks, duplicates

Compositing

Cutoff Grade: 18
Cutoff Unit: % Fe
Dilution Disclosed: Yes
Max Dilution: 1 m

Review

Needs Review: No
Interp. Status: scored
Historical: No

Dates

Event date: 2026-10-11T00:00:00.000Z

Reasoning: This intercept is a highly positive result, providing a very broad width and good grade that strongly supports the prospectivity of Narryer Main and the ongoing resource estimation work.

Positive factors

Exceptional intercept length (40m) and good grade for magnetite iron ore, significantly enhancing the potential of Narryer Main.
Contributes to improved geological resolution and confidence for the upcoming maiden MRE.

Negative factors

True width not provided, which may overstate the actual thickness of the mineralization.

Evidence · table

“30.78”

Context: 40

Tags used in scoring

QA/QC Disclosedpositive

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

Why it applies: qaqc_disclosed is true

Compositing Transparentpositive

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

Why it applies: cutoff_grade and internal dilution are both stated

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "mixed"

AHRC0142Narryer Prospect · iron_oreGrade: 34.28Grade Unit: %Intercept: 16 mView all details

Link to this fact

Identity

Hole ID: AHRC0142
Project: Narryer Prospect
Commodity: iron_ore
Region: australia_wa
Reported Region: australia_wa
Ticker: AHN

Geometry

Grade: 34.28
Grade Unit: %
Intercept: 16 m
From: 50 m
To: 66 m
Hole Depth: 76 m
Intercept Depth: 50 m

Classification

Deposit Type: other
Program: mixed
Sample Type: drill
Group ID: AHRC0142:50-66
Mining Method: open_pit

Location

Easting: 395980
Northing: 7062938
Elevation: 315.5 m
Azimuth: 115 °
Dip: -60 °
Loc. Confidence: high
Loc. Source: document

QA/QC

Laboratory: Spectrolab Geraldton
QA/QC Disclosed: Yes
QP Signed: Yes
QA/QC Methods: standards, blanks, duplicates

Compositing

Cutoff Grade: 18
Cutoff Unit: % Fe
Dilution Disclosed: Yes
Max Dilution: 1 m

Review

Needs Review: No
Interp. Status: scored
Historical: No

Dates

Event date: 2026-10-11T00:00:00.000Z

Reasoning: This intercept contributes positively to the understanding of the Narryer Main Prospect, with a good grade and width for magnetite, supporting future resource estimation.

Positive factors

Good intercept length and grade for magnetite iron ore, contributing to the overall resource potential.
Part of a program designed to improve geological understanding and confidence for a maiden MRE.

Negative factors

True width not provided, which may overstate the actual thickness of the mineralization.

Evidence · table

“34.28”

Context: 16

Tags used in scoring

QA/QC Disclosedpositive

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

Why it applies: qaqc_disclosed is true

Compositing Transparentpositive

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

Why it applies: cutoff_grade and internal dilution are both stated

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "mixed"

AHRC0147Narryer Prospect · iron_oreGrade: 29.67Grade Unit: %Intercept: 5 mView all details

Link to this fact

Identity

Hole ID: AHRC0147
Project: Narryer Prospect
Commodity: iron_ore
Region: australia_wa
Reported Region: australia_wa
Ticker: AHN

Geometry

Grade: 29.67
Grade Unit: %
Intercept: 5 m
From: 37 m
To: 42 m
Hole Depth: 106 m
Intercept Depth: 37 m

Classification

Deposit Type: other
Program: mixed
Sample Type: drill
Group ID: AHRC0147:37-42
Mining Method: open_pit

Location

Easting: 396139
Northing: 7063462
Elevation: 322 m
Azimuth: 115 °
Dip: -60 °
Loc. Confidence: high
Loc. Source: document

QA/QC

Laboratory: Spectrolab Geraldton
QA/QC Disclosed: Yes
QP Signed: Yes
QA/QC Methods: standards, blanks, duplicates

Compositing

Cutoff Grade: 18
Cutoff Unit: % Fe
Dilution Disclosed: Yes
Max Dilution: 1 m

Review

Needs Review: No
Interp. Status: scored
Historical: No

Dates

Event date: 2026-10-11T00:00:00.000Z

Reasoning: This intercept provides additional data for the Narryer Main Prospect, with a good grade but narrower width, supporting future resource estimation.

Positive factors

Solid grade for magnetite iron ore, contributing to the overall resource potential.
Part of a program designed to improve geological understanding and confidence for a maiden MRE.

Negative factors

Relatively narrow intercept length compared to other results.
True width not provided, which may overstate the actual thickness of the mineralization.

Evidence · table

“29.67”

Context: 5

Tags used in scoring

QA/QC Disclosedpositive

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

Why it applies: qaqc_disclosed is true

Compositing Transparentpositive

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

Why it applies: cutoff_grade and internal dilution are both stated

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "mixed"

AHRC0148Narryer Prospect · iron_oreGrade: 26.74Grade Unit: %Intercept: 7 mView all details

Link to this fact

Identity

Hole ID: AHRC0148
Project: Narryer Prospect
Commodity: iron_ore
Region: australia_wa
Reported Region: australia_wa
Ticker: AHN

Geometry

Grade: 26.74
Grade Unit: %
Intercept: 7 m
From: 63 m
To: 70 m
Hole Depth: 94 m
Intercept Depth: 63 m

Classification

Deposit Type: other
Program: mixed
Sample Type: drill
Group ID: AHRC0148:63-70
Mining Method: open_pit

Location

Easting: 396098
Northing: 7063306
Elevation: 320.5 m
Azimuth: 115 °
Dip: -60 °
Loc. Confidence: high
Loc. Source: document

QA/QC

Laboratory: Spectrolab Geraldton
QA/QC Disclosed: Yes
QP Signed: Yes
QA/QC Methods: standards, blanks, duplicates

Compositing

Cutoff Grade: 18
Cutoff Unit: % Fe
Dilution Disclosed: Yes
Max Dilution: 1 m

Review

Needs Review: No
Interp. Status: scored
Historical: No

Dates

Event date: 2026-10-11T00:00:00.000Z

Reasoning: This intercept provides additional data for the Narryer Main Prospect, with a good grade but narrower width, supporting future resource estimation.

Positive factors

Solid grade for magnetite iron ore, contributing to the overall resource potential.
Part of a program designed to improve geological understanding and confidence for a maiden MRE.

Negative factors

Relatively narrow intercept length compared to other results.
True width not provided, which may overstate the actual thickness of the mineralization.

Evidence · table

“26.74”

Context: 7

Tags used in scoring

QA/QC Disclosedpositive

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

Why it applies: qaqc_disclosed is true

Compositing Transparentpositive

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

Why it applies: cutoff_grade and internal dilution are both stated

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "mixed"

AHRC0149Narryer Prospect · iron_oreGrade: 35.67Grade Unit: %Intercept: 26 mView all details

Link to this fact

Identity

Hole ID: AHRC0149
Project: Narryer Prospect
Commodity: iron_ore
Region: australia_wa
Reported Region: australia_wa
Ticker: AHN

Geometry

Grade: 35.67
Grade Unit: %
Intercept: 26 m
From: 60 m
To: 86 m
Hole Depth: 94 m
Intercept Depth: 60 m

Classification

Deposit Type: other
Program: mixed
Sample Type: drill
Group ID: AHRC0149:60-86
Mining Method: open_pit

Location

Easting: 396038
Northing: 7063130
Elevation: 317.5 m
Azimuth: 115 °
Dip: -60 °
Loc. Confidence: high
Loc. Source: document

QA/QC

Laboratory: Spectrolab Geraldton
QA/QC Disclosed: Yes
QP Signed: Yes
QA/QC Methods: standards, blanks, duplicates

Compositing

Cutoff Grade: 18
Cutoff Unit: % Fe
Dilution Disclosed: Yes
Max Dilution: 1 m

Review

Needs Review: No
Interp. Status: scored
Historical: No

Dates

Event date: 2026-10-11T00:00:00.000Z

Reasoning: This intercept is a strong positive, providing a substantial width and good grade that supports the prospectivity of Narryer Main and the ongoing resource estimation work.

Positive factors

Significant intercept length and good grade for magnetite iron ore, enhancing the potential of Narryer Main.
Contributes to improved geological resolution and confidence for the upcoming maiden MRE.

Negative factors

True width not provided, which may overstate the actual thickness of the mineralization.

Evidence · table

“35.67”

Context: 26

Tags used in scoring

QA/QC Disclosedpositive

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

Why it applies: qaqc_disclosed is true

Compositing Transparentpositive

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

Why it applies: cutoff_grade and internal dilution are both stated

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "mixed"

AHRC0150Narryer Prospect · iron_oreGrade: 30.49Grade Unit: %Intercept: 29 mView all details

Link to this fact

Identity

Hole ID: AHRC0150
Project: Narryer Prospect
Commodity: iron_ore
Region: australia_wa
Reported Region: australia_wa
Ticker: AHN

Geometry

Grade: 30.49
Grade Unit: %
Intercept: 29 m
From: 61 m
To: 90 m
Hole Depth: 94 m
Intercept Depth: 61 m

Classification

Deposit Type: other
Program: mixed
Sample Type: drill
Group ID: AHRC0150:61-90
Mining Method: open_pit

Location

Easting: 396001
Northing: 7063036
Elevation: 316.5 m
Azimuth: 115 °
Dip: -60 °
Loc. Confidence: high
Loc. Source: document

QA/QC

Laboratory: Spectrolab Geraldton
QA/QC Disclosed: Yes
QP Signed: Yes
QA/QC Methods: standards, blanks, duplicates

Compositing

Cutoff Grade: 18
Cutoff Unit: % Fe
Dilution Disclosed: Yes
Max Dilution: 1 m

Review

Needs Review: No
Interp. Status: scored
Historical: No

Dates

Event date: 2026-10-11T00:00:00.000Z

Reasoning: This intercept is a strong positive, providing a substantial width and good grade that supports the prospectivity of Narryer Main and the ongoing resource estimation work.

Positive factors

Significant intercept length and good grade for magnetite iron ore, enhancing the potential of Narryer Main.
Contributes to improved geological resolution and confidence for the upcoming maiden MRE.

Negative factors

True width not provided, which may overstate the actual thickness of the mineralization.

Evidence · table

“30.49”

Context: 29

Tags used in scoring

QA/QC Disclosedpositive

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

Why it applies: qaqc_disclosed is true

Compositing Transparentpositive

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

Why it applies: cutoff_grade and internal dilution are both stated

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "mixed"

AHRC0151Narryer Prospect · iron_oreGrade: 31.79Grade Unit: %Intercept: 44 mView all details

Link to this fact

Identity

Hole ID: AHRC0151
Project: Narryer Prospect
Commodity: iron_ore
Region: australia_wa
Reported Region: australia_wa
Ticker: AHN

Geometry

Grade: 31.79
Grade Unit: %
Intercept: 44 m
From: 109 m
To: 153 m
Hole Depth: 160 m
Intercept Depth: 109 m

Classification

Deposit Type: other
Program: mixed
Sample Type: drill
Group ID: AHRC0151:109-153
Mining Method: open_pit

Location

Easting: 395860
Northing: 7062812
Elevation: 314 m
Azimuth: 115 °
Dip: -60 °
Loc. Confidence: high
Loc. Source: document

QA/QC

Laboratory: Spectrolab Geraldton
QA/QC Disclosed: Yes
QP Signed: Yes
QA/QC Methods: standards, blanks, duplicates

Compositing

Cutoff Grade: 18
Cutoff Unit: % Fe
Dilution Disclosed: Yes
Max Dilution: 1 m

Review

Needs Review: No
Interp. Status: scored
Historical: No

Dates

Event date: 2026-10-11T00:00:00.000Z

Reasoning: This intercept is a highly positive result, providing a very broad width and good grade that strongly supports the prospectivity of Narryer Main and the ongoing resource estimation work.

Positive factors

Exceptional intercept length (44m) and good grade for magnetite iron ore, significantly enhancing the potential of Narryer Main.
Contributes to improved geological resolution and confidence for the upcoming maiden MRE.

Negative factors

True width not provided, which may overstate the actual thickness of the mineralization.

Evidence · table

“31.79”

Context: 44

Tags used in scoring

QA/QC Disclosedpositive

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

Why it applies: qaqc_disclosed is true

Compositing Transparentpositive

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

Why it applies: cutoff_grade and internal dilution are both stated

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "mixed"

AHRC0152Narryer Prospect · iron_oreGrade: 31.73Grade Unit: %Intercept: 40 mView all details

Link to this fact

Identity

Hole ID: AHRC0152
Project: Narryer Prospect
Commodity: iron_ore
Region: australia_wa
Reported Region: australia_wa
Ticker: AHN

Geometry

Grade: 31.73
Grade Unit: %
Intercept: 40 m
From: 74 m
To: 114 m
Hole Depth: 124 m
Intercept Depth: 74 m

Classification

Deposit Type: other
Program: mixed
Sample Type: drill
Group ID: AHRC0152:74-114
Mining Method: open_pit

Location

Easting: 395895
Northing: 7062795
Elevation: 314 m
Azimuth: 115 °
Dip: -60 °
Loc. Confidence: high
Loc. Source: document

QA/QC

Laboratory: Spectrolab Geraldton
QA/QC Disclosed: Yes
QP Signed: Yes
QA/QC Methods: standards, blanks, duplicates

Compositing

Cutoff Grade: 18
Cutoff Unit: % Fe
Dilution Disclosed: Yes
Max Dilution: 1 m

Review

Needs Review: No
Interp. Status: scored
Historical: No

Dates

Event date: 2026-10-11T00:00:00.000Z

Reasoning: This intercept is a highly positive result, providing a very broad width and good grade that strongly supports the prospectivity of Narryer Main and the ongoing resource estimation work.

Positive factors

Exceptional intercept length (40m) and good grade for magnetite iron ore, significantly enhancing the potential of Narryer Main.
Contributes to improved geological resolution and confidence for the upcoming maiden MRE.

Negative factors

True width not provided, which may overstate the actual thickness of the mineralization.

Evidence · table

“31.73”

Context: 40

Tags used in scoring

QA/QC Disclosedpositive

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

Why it applies: qaqc_disclosed is true

Compositing Transparentpositive

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

Why it applies: cutoff_grade and internal dilution are both stated

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "mixed"

AHRC0154Narryer Prospect · iron_oreGrade: 34.6Grade Unit: %Intercept: 40 mView all details

Link to this fact

Identity

Hole ID: AHRC0154
Project: Narryer Prospect
Commodity: iron_ore
Region: australia_wa
Reported Region: australia_wa
Ticker: AHN

Geometry

Grade: 34.6
Grade Unit: %
Intercept: 40 m
From: 67 m
To: 107 m
Hole Depth: 118 m
Intercept Depth: 67 m

Classification

Deposit Type: other
Program: mixed
Sample Type: drill
Group ID: AHRC0154:67-107
Mining Method: open_pit

Location

Easting: 395945
Northing: 7062955
Elevation: 316 m
Azimuth: 115 °
Dip: -60 °
Loc. Confidence: high
Loc. Source: document

QA/QC

Laboratory: Spectrolab Geraldton
QA/QC Disclosed: Yes
QP Signed: Yes
QA/QC Methods: standards, blanks, duplicates

Compositing

Cutoff Grade: 18
Cutoff Unit: % Fe
Dilution Disclosed: Yes
Max Dilution: 1 m

Review

Needs Review: No
Interp. Status: scored
Historical: No

Dates

Event date: 2026-10-11T00:00:00.000Z

Reasoning: This intercept is a highly positive result, providing a very broad width and good grade that strongly supports the prospectivity of Narryer Main and the ongoing resource estimation work.

Positive factors

Exceptional intercept length (40m) and good grade for magnetite iron ore, significantly enhancing the potential of Narryer Main.
Contributes to improved geological resolution and confidence for the upcoming maiden MRE.

Negative factors

True width not provided, which may overstate the actual thickness of the mineralization.

Evidence · table

“34.6”

Context: 40

Tags used in scoring

QA/QC Disclosedpositive

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

Why it applies: qaqc_disclosed is true

Compositing Transparentpositive

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

Why it applies: cutoff_grade and internal dilution are both stated

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "mixed"

AHRC0155Narryer Prospect · iron_oreGrade: 32.26Grade Unit: %Intercept: 31 mView all details

Link to this fact

Identity

Hole ID: AHRC0155
Project: Narryer Prospect
Commodity: iron_ore
Region: australia_wa
Reported Region: australia_wa
Ticker: AHN

Geometry

Grade: 32.26
Grade Unit: %
Intercept: 31 m
From: 102 m
To: 133 m
Hole Depth: 148 m
Intercept Depth: 102 m

Classification

Deposit Type: other
Program: mixed
Sample Type: drill
Group ID: AHRC0155:102-133
Mining Method: open_pit

Location

Easting: 395909
Northing: 7062972
Elevation: 316.5 m
Azimuth: 115 °
Dip: -60 °
Loc. Confidence: high
Loc. Source: document

QA/QC

Laboratory: Spectrolab Geraldton
QA/QC Disclosed: Yes
QP Signed: Yes
QA/QC Methods: standards, blanks, duplicates

Compositing

Cutoff Grade: 18
Cutoff Unit: % Fe
Dilution Disclosed: Yes
Max Dilution: 1 m

Review

Needs Review: No
Interp. Status: scored
Historical: No

Dates

Event date: 2026-10-11T00:00:00.000Z

Reasoning: This intercept is a strong positive, providing a substantial width and good grade that supports the prospectivity of Narryer Main and the ongoing resource estimation work.

Positive factors

Significant intercept length and good grade for magnetite iron ore, enhancing the potential of Narryer Main.
Contributes to improved geological resolution and confidence for the upcoming maiden MRE.

Negative factors

True width not provided, which may overstate the actual thickness of the mineralization.

Evidence · table

“31.0”

Context: 31

Tags used in scoring

QA/QC Disclosedpositive

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

Why it applies: qaqc_disclosed is true

Compositing Transparentpositive

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

Why it applies: cutoff_grade and internal dilution are both stated

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "mixed"

AHRC0156Narryer Prospect · iron_oreGrade: 31.15Grade Unit: %Intercept: 22 mView all details

Link to this fact

Identity

Hole ID: AHRC0156
Project: Narryer Prospect
Commodity: iron_ore
Region: australia_wa
Reported Region: australia_wa
Ticker: AHN

Geometry

Grade: 31.15
Grade Unit: %
Intercept: 22 m
From: 91 m
To: 113 m
Hole Depth: 118 m
Intercept Depth: 91 m

Classification

Deposit Type: other
Program: mixed
Sample Type: drill
Group ID: AHRC0156:91-113
Mining Method: open_pit

Location

Easting: 395965
Northing: 7063053
Elevation: 317 m
Azimuth: 115 °
Dip: -60 °
Loc. Confidence: high
Loc. Source: document

QA/QC

Laboratory: Spectrolab Geraldton
QA/QC Disclosed: Yes
QP Signed: Yes
QA/QC Methods: standards, blanks, duplicates

Compositing

Cutoff Grade: 18
Cutoff Unit: % Fe
Dilution Disclosed: Yes
Max Dilution: 1 m

Review

Needs Review: No
Interp. Status: scored
Historical: No

Dates

Event date: 2026-10-11T00:00:00.000Z

Reasoning: This intercept contributes positively to the understanding of the Narryer Main Prospect, with a good grade and width for magnetite, supporting future resource estimation.

Positive factors

Good intercept length and grade for magnetite iron ore, contributing to the overall resource potential.
Part of a program designed to improve geological understanding and confidence for a maiden MRE.

Negative factors

True width not provided, which may overstate the actual thickness of the mineralization.

Evidence · table

“31.15”

Context: 22

Tags used in scoring

QA/QC Disclosedpositive

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

Why it applies: qaqc_disclosed is true

Compositing Transparentpositive

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

Why it applies: cutoff_grade and internal dilution are both stated

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "mixed"

AHRC0157Narryer Prospect · iron_oreGrade: 22.02Grade Unit: %Intercept: 5 mView all details

Link to this fact

Identity

Hole ID: AHRC0157
Project: Narryer Prospect
Commodity: iron_ore
Region: australia_wa
Reported Region: australia_wa
Ticker: AHN

Geometry

Grade: 22.02
Grade Unit: %
Intercept: 5 m
From: 24 m
To: 29 m
Hole Depth: 40 m
Intercept Depth: 24 m

Classification

Deposit Type: other
Program: mixed
Sample Type: drill
Group ID: AHRC0157:24-29
Mining Method: open_pit

Location

Easting: 396065
Northing: 7063003
Elevation: 316.5 m
Azimuth: 115 °
Dip: -60 °
Loc. Confidence: high
Loc. Source: document

QA/QC

Laboratory: Spectrolab Geraldton
QA/QC Disclosed: Yes
QP Signed: Yes
QA/QC Methods: standards, blanks, duplicates

Compositing

Cutoff Grade: 18
Cutoff Unit: % Fe
Dilution Disclosed: Yes
Max Dilution: 1 m

Review

Needs Review: No
Interp. Status: scored
Historical: No

Dates

Event date: 2026-10-11T00:00:00.000Z

Reasoning: This intercept provides additional data for the Narryer Main Prospect, but with a narrower width and lower grade, it is less material than other reported results.

Positive factors

Meets the minimum reporting criteria and contributes to geological understanding.
Part of a program designed to improve geological understanding and confidence for a maiden MRE.

Negative factors

Relatively narrow intercept length and lower grade compared to other results.
True width not provided, which may overstate the actual thickness of the mineralization.

Evidence · table

“22.02”

Context: 5

Tags used in scoring

QA/QC Disclosedpositive

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

Why it applies: qaqc_disclosed is true

Compositing Transparentpositive

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

Why it applies: cutoff_grade and internal dilution are both stated

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "mixed"

AHRC0158Narryer Prospect · iron_oreGrade: 28.14Grade Unit: %Intercept: 9 mView all details

Link to this fact

Identity

Hole ID: AHRC0158
Project: Narryer Prospect
Commodity: iron_ore
Region: australia_wa
Reported Region: australia_wa
Ticker: AHN

Geometry

Grade: 28.14
Grade Unit: %
Intercept: 9 m
From: 0 m
To: 9 m
Hole Depth: 52 m
Intercept Depth: 0 m

Classification

Deposit Type: other
Program: mixed
Sample Type: drill
Group ID: AHRC0158:0-9
Mining Method: open_pit

Location

Easting: 396172
Northing: 7063187
Elevation: 323 m
Azimuth: 115 °
Dip: -60 °
Loc. Confidence: high
Loc. Source: document

QA/QC

Laboratory: Spectrolab Geraldton
QA/QC Disclosed: Yes
QP Signed: Yes
QA/QC Methods: standards, blanks, duplicates

Compositing

Cutoff Grade: 18
Cutoff Unit: % Fe
Dilution Disclosed: Yes
Max Dilution: 1 m

Review

Needs Review: No
Interp. Status: scored
Historical: No

Dates

Event date: 2026-10-11T00:00:00.000Z

Reasoning: This intercept provides additional data for the Narryer Main Prospect, with a good grade but narrower width, supporting future resource estimation.

Positive factors

Solid grade for magnetite iron ore, contributing to the overall resource potential.
Part of a program designed to improve geological understanding and confidence for a maiden MRE.

Negative factors

Relatively narrow intercept length compared to other results.
True width not provided, which may overstate the actual thickness of the mineralization.

Evidence · table

“28.14”

Context: 9

Tags used in scoring

QA/QC Disclosedpositive

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

Why it applies: qaqc_disclosed is true

Compositing Transparentpositive

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

Why it applies: cutoff_grade and internal dilution are both stated

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "mixed"

AHRC0158Narryer Prospect · iron_oreGrade: 33.95Grade Unit: %Intercept: 30 mView all details

Link to this fact

Identity

Hole ID: AHRC0158
Project: Narryer Prospect
Commodity: iron_ore
Region: australia_wa
Reported Region: australia_wa
Ticker: AHN

Geometry

Grade: 33.95
Grade Unit: %
Intercept: 30 m
From: 22 m
To: 52 m
Hole Depth: 52 m
Intercept Depth: 22 m

Classification

Deposit Type: other
Program: mixed
Sample Type: drill
Group ID: AHRC0158:22-52
Mining Method: open_pit

Location

Easting: 396172
Northing: 7063187
Elevation: 323 m
Azimuth: 115 °
Dip: -60 °
Loc. Confidence: high
Loc. Source: document

QA/QC

Laboratory: Spectrolab Geraldton
QA/QC Disclosed: Yes
QP Signed: Yes
QA/QC Methods: standards, blanks, duplicates

Compositing

Cutoff Grade: 18
Cutoff Unit: % Fe
Dilution Disclosed: Yes
Max Dilution: 1 m

Review

Needs Review: No
Interp. Status: scored
Historical: No

Dates

Event date: 2026-10-11T00:00:00.000Z

Reasoning: This intercept is a strong positive, providing a substantial width and good grade that supports the prospectivity of Narryer Main and the ongoing resource estimation work.

Positive factors

Significant intercept length and good grade for magnetite iron ore, enhancing the potential of Narryer Main.
Contributes to improved geological resolution and confidence for the upcoming maiden MRE.

Negative factors

True width not provided, which may overstate the actual thickness of the mineralization.

Evidence · table

“33.95”

Context: 30

Tags used in scoring

QA/QC Disclosedpositive

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

Why it applies: qaqc_disclosed is true

Compositing Transparentpositive

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

Why it applies: cutoff_grade and internal dilution are both stated

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "mixed"

AHRC0131Narryer Prospect · iron_oreGrade: 32.74Grade Unit: %Intercept: 31 mView all details

Link to this fact

Identity

Hole ID: AHRC0131
Project: Narryer Prospect
Commodity: iron_ore
Region: australia_wa
Reported Region: australia_wa
Ticker: AHN

Geometry

Grade: 32.74
Grade Unit: %
Intercept: 31 m
From: 55 m
To: 86 m
Hole Depth: 100 m
Intercept Depth: 55 m

Classification

Deposit Type: other
Program: exploration
Sample Type: drill
Group ID: AHRC0131:55-86
Mining Method: open_pit

Location

Easting: 392595
Northing: 7058019
Elevation: 297 m
Azimuth: 135 °
Dip: -60 °
Loc. Confidence: high
Loc. Source: document

QA/QC

Laboratory: Spectrolab Geraldton
QA/QC Disclosed: Yes
QP Signed: Yes
QA/QC Methods: standards, blanks, duplicates

Compositing

Cutoff Grade: 18
Cutoff Unit: % Fe
Dilution Disclosed: Yes
Max Dilution: 1 m

Review

Needs Review: No
Interp. Status: scored
Historical: No

Dates

Event date: 2026-10-11T00:00:00.000Z

Reasoning: This is a highly novel and material result, confirming a new iron mineralization target with a strong intercept, opening up significant exploration potential at Narryer Southwest.

Positive factors

Maiden drill hole successfully confirmed iron mineralization at the previously untested Narryer Southwest Target, indicating a new prospect.
Significant intercept length (31m) and good grade for magnetite iron ore, demonstrating strong potential for this new area.
Supports further drilling at Narryer Southwest, which has a combined strike length of approximately 1.8 km that remains largely untested.

Negative factors

True width not provided, which may overstate the actual thickness of the mineralization.

Evidence · table

“32.74”

Context: 31

Tags used in scoring

QA/QC Disclosedpositive

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

Why it applies: qaqc_disclosed is true

Compositing Transparentpositive

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

Why it applies: cutoff_grade and internal dilution are both stated

AHDD0162Narryer Prospect · iron_oreGrade: 29.22Grade Unit: %Intercept: 25.8 mView all details

Link to this fact

Identity

Hole ID: AHDD0162
Project: Narryer Prospect
Commodity: iron_ore
Region: australia_wa
Reported Region: australia_wa
Ticker: AHN

Geometry

Grade: 29.22
Grade Unit: %
Intercept: 25.8 m
From: 29 m
To: 54.8 m
Hole Depth: 54.8 m
Intercept Depth: 29 m

Classification

Deposit Type: other
Program: mixed
Sample Type: drill
Group ID: AHDD0162:29-54.8
Mining Method: open_pit

Location

Easting: 396089
Northing: 7062995
Elevation: 316 m
Azimuth: 300 °
Dip: -60 °
Loc. Confidence: high
Loc. Source: document

QA/QC

Laboratory: Spectrolab Geraldton
QA/QC Disclosed: Yes
QP Signed: Yes
QA/QC Methods: standards, blanks, duplicates

Compositing

Cutoff Grade: 18
Cutoff Unit: % Fe
Dilution Disclosed: Yes
Max Dilution: 1 m

Review

Needs Review: No
Interp. Status: scored
Historical: No

Dates

Event date: 2026-10-11T00:00:00.000Z

Reasoning: This diamond drill intercept provides valuable geological and metallurgical data for Narryer Main, supporting the ongoing resource estimation and process design.

Positive factors

Good intercept length and grade for magnetite iron ore from diamond drilling, providing core for metallurgical test work.
Contributes to improved geological resolution and confidence for the upcoming maiden MRE.

Negative factors

True width not provided, which may overstate the actual thickness of the mineralization.

Evidence · table

“29.22”

Context: 25.8

Tags used in scoring

QA/QC Disclosedpositive

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

Why it applies: qaqc_disclosed is true

Compositing Transparentpositive

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

Why it applies: cutoff_grade and internal dilution are both stated

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "mixed"

AHDD0163Narryer Prospect · iron_oreGrade: 33.91Grade Unit: %Intercept: 8.4 mView all details

Link to this fact

Identity

Hole ID: AHDD0163
Project: Narryer Prospect
Commodity: iron_ore
Region: australia_wa
Reported Region: australia_wa
Ticker: AHN

Geometry

Grade: 33.91
Grade Unit: %
Intercept: 8.4 m
From: 0 m
To: 8.4 m
Hole Depth: 60.6 m
Intercept Depth: 0 m

Classification

Deposit Type: other
Program: mixed
Sample Type: drill
Group ID: AHDD0163:0-8.4
Mining Method: open_pit

Location

Easting: 396176
Northing: 7063196
Elevation: 325 m
Azimuth: 295 °
Dip: -55 °
Loc. Confidence: high
Loc. Source: document

QA/QC

Laboratory: Spectrolab Geraldton
QA/QC Disclosed: Yes
QP Signed: Yes
QA/QC Methods: standards, blanks, duplicates

Compositing

Cutoff Grade: 18
Cutoff Unit: % Fe
Dilution Disclosed: Yes
Max Dilution: 1 m

Review

Needs Review: No
Interp. Status: scored
Historical: No

Dates

Event date: 2026-10-11T00:00:00.000Z

Reasoning: This diamond drill intercept provides valuable geological and metallurgical data for Narryer Main, supporting the ongoing resource estimation and process design.

Positive factors

Solid grade for magnetite iron ore from diamond drilling, providing core for metallurgical test work.
Contributes to improved geological resolution and confidence for the upcoming maiden MRE.

Negative factors

Relatively narrow intercept length compared to other results.
True width not provided, which may overstate the actual thickness of the mineralization.

Evidence · table

“33.91”

Context: 8.4

Tags used in scoring

QA/QC Disclosedpositive

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

Why it applies: qaqc_disclosed is true

Compositing Transparentpositive

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

Why it applies: cutoff_grade and internal dilution are both stated

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "mixed"

AHDD0163Narryer Prospect · iron_oreGrade: 32Grade Unit: %Intercept: 39.9 mView all details

Link to this fact

Identity

Hole ID: AHDD0163
Project: Narryer Prospect
Commodity: iron_ore
Region: australia_wa
Reported Region: australia_wa
Ticker: AHN

Geometry

Grade: 32
Grade Unit: %
Intercept: 39.9 m
From: 20.7 m
To: 60.6 m
Hole Depth: 60.6 m
Intercept Depth: 20.7 m

Classification

Deposit Type: other
Program: mixed
Sample Type: drill
Group ID: AHDD0163:20.7-60.6
Mining Method: open_pit

Location

Easting: 396176
Northing: 7063196
Elevation: 325 m
Azimuth: 295 °
Dip: -55 °
Loc. Confidence: high
Loc. Source: document

QA/QC

Laboratory: Spectrolab Geraldton
QA/QC Disclosed: Yes
QP Signed: Yes
QA/QC Methods: standards, blanks, duplicates

Compositing

Cutoff Grade: 18
Cutoff Unit: % Fe
Dilution Disclosed: Yes
Max Dilution: 1 m

Review

Needs Review: No
Interp. Status: scored
Historical: No

Dates

Event date: 2026-10-11T00:00:00.000Z

Reasoning: This diamond drill intercept provides valuable geological and metallurgical data for Narryer Main, supporting the ongoing resource estimation and process design.

Positive factors

Significant intercept length and good grade for magnetite iron ore from diamond drilling, providing core for metallurgical test work.
Contributes to improved geological resolution and confidence for the upcoming maiden MRE.

Negative factors

True width not provided, which may overstate the actual thickness of the mineralization.

Evidence · table

“32”

Context: 39.9

Tags used in scoring

QA/QC Disclosedpositive

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

Why it applies: qaqc_disclosed is true

Compositing Transparentpositive

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

Why it applies: cutoff_grade and internal dilution are both stated

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "mixed"

Metallurgical Results (26)

Davis Tube RecoveryNarryer Prospect · iron_oreView all details

Link to this fact

Identity

Project: Narryer Prospect
Commodity: iron_ore
Region: australia_wa
Reported Region: Western Australia
Ticker: AHN

Test Work

Program Status: preliminary
Test Type: Davis Tube Recovery
Processing Route: DTR (P80 90 μm to 106 μm)
Sample: 89 DTR results for Narryer Main Prospect
Grind P80: 106 µm

Recovery

Recovery Basis: unspecified
Conc. Grade: 67.44
Conc. Grade Unit: % Fe
Mass Pull: 33.48 %

Lab

Laboratory: Spectrolab Geraldton
Consultant: Mr Terence Weston

Review

Needs Review: No
Historical: No

Dates

Event date: 2026-10-11T00:00:00.000Z

Reasoning: The DTR test work for Narryer Main yielded an exceptional concentrate grade, confirming the high quality of the iron ore and supporting the project's economic viability.

Positive factors

Exceptional concentrate grade (67.44% Fe) achieved from DTR test work, demonstrating high quality product potential.
The test work provides confidence in the beneficiation characteristics of the Narryer Main mineralization.
The results are consistent with prior positive metallurgical outcomes for the Byro Magnetite Project.

Negative factors

DTR is a bench-scale test, and further larger-scale test work would be required to confirm these results at a commercial scale.

Evidence · text

“The 89 DTR results for Narryer Main Prospect produced a weighted average concentrate grade of 67.44% Fe with 33.48% mass recovery”

Davis Tube RecoveryNarryer Prospect · iron_oreView all details

Link to this fact

Identity

Project: Narryer Prospect
Commodity: iron_ore
Region: australia_wa
Reported Region: Western Australia
Ticker: AHN

Test Work

Program Status: preliminary
Test Type: Davis Tube Recovery
Processing Route: DTR (P80 90 μm to 106 μm)
Sample: eight DTR results for Narryer Southwest Prospect
Grind P80: 106 µm

Recovery

Recovery Basis: unspecified
Conc. Grade: 69.7
Conc. Grade Unit: % Fe
Mass Pull: 40.38 %

Lab

Laboratory: Spectrolab Geraldton
Consultant: Mr Terence Weston

Review

Needs Review: No
Historical: No

Dates

Event date: 2026-10-11T00:00:00.000Z

Reasoning: The DTR test work for the new Narryer Southwest prospect yielded an exceptional concentrate grade, confirming the high quality of the iron ore and significantly enhancing the prospect's potential.

Positive factors

Exceptional concentrate grade (69.70% Fe) achieved from DTR test work at the new Narryer Southwest prospect, confirming high quality product potential.
The test work provides strong confidence in the beneficiation characteristics of the mineralization at this newly confirmed target.
The results are consistent with prior positive metallurgical outcomes for the Byro Magnetite Project.

Negative factors

DTR is a bench-scale test, and further larger-scale test work would be required to confirm these results at a commercial scale.

Evidence · text

“while the eight DTR results for Narryer Southwest Prospect produced a concentrate grade of 69.70% Fe with 40.38% mass recovery.”

Davis Tube RecoveryNarryer Prospect · iron_oreHead Grade: 35.6Head Grade Unit: % FeView all details

Link to this fact

Identity

Project: Narryer Prospect
Commodity: iron_ore
Region: australia_wa
Reported Region: Western Australia
Ticker: AHN

Test Work

Program Status: preliminary
Test Type: Davis Tube Recovery
Processing Route: DTR (P80 90 μm to 106 μm)
Sample: AHRC0132 composite
Grind P80: 106 µm

Recovery

Recovery Basis: unspecified
Head Grade: 35.6
Head Grade Unit: % Fe
Conc. Grade: 70.35
Conc. Grade Unit: % Fe
Mass Pull: 31.65 %

Lab

Laboratory: Spectrolab Geraldton
Consultant: Mr Terence Weston

Review

Needs Review: No
Historical: No

Dates

Event date: 2026-10-11T00:00:00.000Z

Reasoning: This DTR result shows an exceptional concentrate grade and good mass recovery from a high head grade, strongly supporting the quality of the Narryer Main iron ore.

Positive factors

Exceptional concentrate grade (70.35% Fe) achieved from DTR test work, demonstrating high quality product potential.
Good mass recovery for the given head grade, indicating efficient beneficiation.
The test work provides confidence in the beneficiation characteristics of the Narryer Main mineralization.

Negative factors

DTR is a bench-scale test, and further larger-scale test work would be required to confirm these results at a commercial scale.

Evidence · table

“70.35”

Context: 31.65

Davis Tube RecoveryNarryer Prospect · iron_oreHead Grade: 26.23Head Grade Unit: % FeView all details

Link to this fact

Identity

Project: Narryer Prospect
Commodity: iron_ore
Region: australia_wa
Reported Region: Western Australia
Ticker: AHN

Test Work

Program Status: preliminary
Test Type: Davis Tube Recovery
Processing Route: DTR (P80 90 μm to 106 μm)
Sample: AHRC0132 composite
Grind P80: 106 µm

Recovery

Recovery Basis: unspecified
Head Grade: 26.23
Head Grade Unit: % Fe
Conc. Grade: 64.16
Conc. Grade Unit: % Fe
Mass Pull: 17.1 %

Lab

Laboratory: Spectrolab Geraldton
Consultant: Mr Terence Weston

Review

Needs Review: No
Historical: No

Dates

Event date: 2026-10-11T00:00:00.000Z

Reasoning: This DTR result shows a strong concentrate grade from a lower head grade, but with a lower mass recovery, providing variability data for the Narryer Main iron ore.

Positive factors

Strong concentrate grade (64.16% Fe) achieved from DTR test work, demonstrating high quality product potential.
The test work provides confidence in the beneficiation characteristics of the Narryer Main mineralization.

Negative factors

Lower mass recovery compared to other samples, indicating less efficient beneficiation for this specific interval.
DTR is a bench-scale test, and further larger-scale test work would be required to confirm these results at a commercial scale.

Evidence · table

“64.16”

Context: 17.10

Davis Tube RecoveryNarryer Prospect · iron_oreHead Grade: 30.94Head Grade Unit: % FeView all details

Link to this fact

Identity

Project: Narryer Prospect
Commodity: iron_ore
Region: australia_wa
Reported Region: Western Australia
Ticker: AHN

Test Work

Program Status: preliminary
Test Type: Davis Tube Recovery
Processing Route: DTR (P80 90 μm to 106 μm)
Sample: AHRC0133 composite
Grind P80: 106 µm

Recovery

Recovery Basis: unspecified
Head Grade: 30.94
Head Grade Unit: % Fe
Conc. Grade: 65.85
Conc. Grade Unit: % Fe
Mass Pull: 29.45 %

Lab

Laboratory: Spectrolab Geraldton
Consultant: Mr Terence Weston

Review

Needs Review: No
Historical: No

Dates

Event date: 2026-10-11T00:00:00.000Z

Reasoning: This DTR result shows an exceptional concentrate grade and good mass recovery, strongly supporting the quality of the Narryer Main iron ore.

Positive factors

Exceptional concentrate grade (65.85% Fe) achieved from DTR test work, demonstrating high quality product potential.
Good mass recovery for the given head grade, indicating efficient beneficiation.
The test work provides confidence in the beneficiation characteristics of the Narryer Main mineralization.

Negative factors

DTR is a bench-scale test, and further larger-scale test work would be required to confirm these results at a commercial scale.

Evidence · table

“65.85”

Context: 29.45

Davis Tube RecoveryNarryer Prospect · iron_oreHead Grade: 35.47Head Grade Unit: % FeView all details

Link to this fact

Identity

Project: Narryer Prospect
Commodity: iron_ore
Region: australia_wa
Reported Region: Western Australia
Ticker: AHN

Test Work

Program Status: preliminary
Test Type: Davis Tube Recovery
Processing Route: DTR (P80 90 μm to 106 μm)
Sample: AHRC0140 composite
Grind P80: 106 µm

Recovery

Recovery Basis: unspecified
Head Grade: 35.47
Head Grade Unit: % Fe
Conc. Grade: 68.91
Conc. Grade Unit: % Fe
Mass Pull: 41.99 %

Lab

Laboratory: Spectrolab Geraldton
Consultant: Mr Terence Weston

Review

Needs Review: No
Historical: No

Dates

Event date: 2026-10-11T00:00:00.000Z

Reasoning: This DTR result shows an exceptional concentrate grade and very good mass recovery from a high head grade, strongly supporting the quality and processability of the Narryer Main iron ore.

Positive factors

Exceptional concentrate grade (68.91% Fe) achieved from DTR test work, demonstrating very high quality product potential.
Very good mass recovery for the given head grade, indicating highly efficient beneficiation.
The test work provides strong confidence in the beneficiation characteristics of the Narryer Main mineralization.

Negative factors

DTR is a bench-scale test, and further larger-scale test work would be required to confirm these results at a commercial scale.

Evidence · table

“68.91”

Context: 41.99

Davis Tube RecoveryNarryer Prospect · iron_oreHead Grade: 32.73Head Grade Unit: % FeView all details

Link to this fact

Identity

Project: Narryer Prospect
Commodity: iron_ore
Region: australia_wa
Reported Region: Western Australia
Ticker: AHN

Test Work

Program Status: preliminary
Test Type: Davis Tube Recovery
Processing Route: DTR (P80 90 μm to 106 μm)
Sample: AHRC0141 composite
Grind P80: 106 µm

Recovery

Recovery Basis: unspecified
Head Grade: 32.73
Head Grade Unit: % Fe
Conc. Grade: 68.91
Conc. Grade Unit: % Fe
Mass Pull: 37.97 %

Lab

Laboratory: Spectrolab Geraldton
Consultant: Mr Terence Weston

Review

Needs Review: No
Historical: No

Dates

Event date: 2026-10-11T00:00:00.000Z

Reasoning: This DTR result shows an exceptional concentrate grade and very good mass recovery from a high head grade, strongly supporting the quality and processability of the Narryer Main iron ore.

Positive factors

Exceptional concentrate grade (68.91% Fe) achieved from DTR test work, demonstrating very high quality product potential.
Very good mass recovery for the given head grade, indicating highly efficient beneficiation.
The test work provides strong confidence in the beneficiation characteristics of the Narryer Main mineralization.

Negative factors

DTR is a bench-scale test, and further larger-scale test work would be required to confirm these results at a commercial scale.

Evidence · table

“68.91”

Context: 37.97

Davis Tube RecoveryNarryer Prospect · iron_oreHead Grade: 35.34Head Grade Unit: % FeView all details

Link to this fact

Identity

Project: Narryer Prospect
Commodity: iron_ore
Region: australia_wa
Reported Region: Western Australia
Ticker: AHN

Test Work

Program Status: preliminary
Test Type: Davis Tube Recovery
Processing Route: DTR (P80 90 μm to 106 μm)
Sample: AHRC0142 composite
Grind P80: 106 µm

Recovery

Recovery Basis: unspecified
Head Grade: 35.34
Head Grade Unit: % Fe
Conc. Grade: 68.9
Conc. Grade Unit: % Fe
Mass Pull: 40.38 %

Lab

Laboratory: Spectrolab Geraldton
Consultant: Mr Terence Weston

Review

Needs Review: No
Historical: No

Dates

Event date: 2026-10-11T00:00:00.000Z

Reasoning: This DTR result shows an exceptional concentrate grade and very good mass recovery from a high head grade, strongly supporting the quality and processability of the Narryer Main iron ore.

Positive factors

Exceptional concentrate grade (68.90% Fe) achieved from DTR test work, demonstrating very high quality product potential.
Very good mass recovery for the given head grade, indicating highly efficient beneficiation.
The test work provides strong confidence in the beneficiation characteristics of the Narryer Main mineralization.

Negative factors

DTR is a bench-scale test, and further larger-scale test work would be required to confirm these results at a commercial scale.

Evidence · table

“68.90”

Context: 40.38

Davis Tube RecoveryNarryer Prospect · iron_oreHead Grade: 29.67Head Grade Unit: % FeView all details

Link to this fact

Identity

Project: Narryer Prospect
Commodity: iron_ore
Region: australia_wa
Reported Region: Western Australia
Ticker: AHN

Test Work

Program Status: preliminary
Test Type: Davis Tube Recovery
Processing Route: DTR (P80 90 μm to 106 μm)
Sample: AHRC0147 composite
Grind P80: 106 µm

Recovery

Recovery Basis: unspecified
Head Grade: 29.67
Head Grade Unit: % Fe
Conc. Grade: 65.56
Conc. Grade Unit: % Fe
Mass Pull: 26.79 %

Lab

Laboratory: Spectrolab Geraldton
Consultant: Mr Terence Weston

Review

Needs Review: No
Historical: No

Dates

Event date: 2026-10-11T00:00:00.000Z

Reasoning: This DTR result shows an exceptional concentrate grade from a good head grade, but with a lower mass recovery, providing variability data for the Narryer Main iron ore.

Positive factors

Exceptional concentrate grade (65.56% Fe) achieved from DTR test work, demonstrating high quality product potential.
The test work provides confidence in the beneficiation characteristics of the Narryer Main mineralization.

Negative factors

Lower mass recovery compared to other samples, indicating less efficient beneficiation for this specific interval.
DTR is a bench-scale test, and further larger-scale test work would be required to confirm these results at a commercial scale.

Evidence · table

“65.56”

Context: 26.79

Davis Tube RecoveryNarryer Prospect · iron_oreHead Grade: 32.17Head Grade Unit: % FeView all details

Link to this fact

Identity

Project: Narryer Prospect
Commodity: iron_ore
Region: australia_wa
Reported Region: Western Australia
Ticker: AHN

Test Work

Program Status: preliminary
Test Type: Davis Tube Recovery
Processing Route: DTR (P80 90 μm to 106 μm)
Sample: AHRC0148 composite
Grind P80: 106 µm

Recovery

Recovery Basis: unspecified
Head Grade: 32.17
Head Grade Unit: % Fe
Conc. Grade: 65.81
Conc. Grade Unit: % Fe
Mass Pull: 40.85 %

Lab

Laboratory: Spectrolab Geraldton
Consultant: Mr Terence Weston

Review

Needs Review: No
Historical: No

Dates

Event date: 2026-10-11T00:00:00.000Z

Reasoning: This DTR result shows an exceptional concentrate grade and very good mass recovery from a good head grade, strongly supporting the quality and processability of the Narryer Main iron ore.

Positive factors

Exceptional concentrate grade (65.81% Fe) achieved from DTR test work, demonstrating high quality product potential.
Very good mass recovery for the given head grade, indicating highly efficient beneficiation.
The test work provides strong confidence in the beneficiation characteristics of the Narryer Main mineralization.

Negative factors

DTR is a bench-scale test, and further larger-scale test work would be required to confirm these results at a commercial scale.

Evidence · table

“65.81”

Context: 40.85

Davis Tube RecoveryNarryer Prospect · iron_oreHead Grade: 35.05Head Grade Unit: % FeView all details

Link to this fact

Identity

Project: Narryer Prospect
Commodity: iron_ore
Region: australia_wa
Reported Region: Western Australia
Ticker: AHN

Test Work

Program Status: preliminary
Test Type: Davis Tube Recovery
Processing Route: DTR (P80 90 μm to 106 μm)
Sample: AHRC0148 composite
Grind P80: 106 µm

Recovery

Recovery Basis: unspecified
Head Grade: 35.05
Head Grade Unit: % Fe
Conc. Grade: 68.54
Conc. Grade Unit: % Fe
Mass Pull: 41.85 %

Lab

Laboratory: Spectrolab Geraldton
Consultant: Mr Terence Weston

Review

Needs Review: No
Historical: No

Dates

Event date: 2026-10-11T00:00:00.000Z

Reasoning: This DTR result shows an exceptional concentrate grade and very good mass recovery from a high head grade, strongly supporting the quality and processability of the Narryer Main iron ore.

Positive factors

Exceptional concentrate grade (68.54% Fe) achieved from DTR test work, demonstrating very high quality product potential.
Very good mass recovery for the given head grade, indicating highly efficient beneficiation.
The test work provides strong confidence in the beneficiation characteristics of the Narryer Main mineralization.

Negative factors

DTR is a bench-scale test, and further larger-scale test work would be required to confirm these results at a commercial scale.

Evidence · table

“68.54”

Context: 41.85

Davis Tube RecoveryNarryer Prospect · iron_oreHead Grade: 35.67Head Grade Unit: % FeView all details

Link to this fact

Identity

Project: Narryer Prospect
Commodity: iron_ore
Region: australia_wa
Reported Region: Western Australia
Ticker: AHN

Test Work

Program Status: preliminary
Test Type: Davis Tube Recovery
Processing Route: DTR (P80 90 μm to 106 μm)
Sample: AHRC0149 composite
Grind P80: 106 µm

Recovery

Recovery Basis: unspecified
Head Grade: 35.67
Head Grade Unit: % Fe
Conc. Grade: 68.77
Conc. Grade Unit: % Fe
Mass Pull: 46.67 %

Lab

Laboratory: Spectrolab Geraldton
Consultant: Mr Terence Weston

Review

Needs Review: No
Historical: No

Dates

Event date: 2026-10-11T00:00:00.000Z

Reasoning: This DTR result shows an exceptional concentrate grade and excellent mass recovery from a high head grade, strongly supporting the quality and processability of the Narryer Main iron ore.

Positive factors

Exceptional concentrate grade (68.77% Fe) achieved from DTR test work, demonstrating very high quality product potential.
Excellent mass recovery for the given head grade, indicating highly efficient beneficiation.
The test work provides strong confidence in the beneficiation characteristics of the Narryer Main mineralization.

Negative factors

DTR is a bench-scale test, and further larger-scale test work would be required to confirm these results at a commercial scale.

Evidence · table

“68.77”

Context: 46.67

Davis Tube RecoveryNarryer Prospect · iron_oreHead Grade: 30.49Head Grade Unit: % FeView all details

Link to this fact

Identity

Project: Narryer Prospect
Commodity: iron_ore
Region: australia_wa
Reported Region: Western Australia
Ticker: AHN

Test Work

Program Status: preliminary
Test Type: Davis Tube Recovery
Processing Route: DTR (P80 90 μm to 106 μm)
Sample: AHRC0150 composite
Grind P80: 106 µm

Recovery

Recovery Basis: unspecified
Head Grade: 30.49
Head Grade Unit: % Fe
Conc. Grade: 65.84
Conc. Grade Unit: % Fe
Mass Pull: 33.27 %

Lab

Laboratory: Spectrolab Geraldton
Consultant: Mr Terence Weston

Review

Needs Review: No
Historical: No

Dates

Event date: 2026-10-11T00:00:00.000Z

Reasoning: This DTR result shows an exceptional concentrate grade and good mass recovery, strongly supporting the quality of the Narryer Main iron ore.

Positive factors

Exceptional concentrate grade (65.84% Fe) achieved from DTR test work, demonstrating high quality product potential.
Good mass recovery for the given head grade, indicating efficient beneficiation.
The test work provides confidence in the beneficiation characteristics of the Narryer Main mineralization.

Negative factors

DTR is a bench-scale test, and further larger-scale test work would be required to confirm these results at a commercial scale.

Evidence · table

“65.84”

Context: 33.27

Davis Tube RecoveryNarryer Prospect · iron_oreHead Grade: 32.77Head Grade Unit: % FeView all details

Link to this fact

Identity

Project: Narryer Prospect
Commodity: iron_ore
Region: australia_wa
Reported Region: Western Australia
Ticker: AHN

Test Work

Program Status: preliminary
Test Type: Davis Tube Recovery
Processing Route: DTR (P80 90 μm to 106 μm)
Sample: AHRC0151 composite
Grind P80: 106 µm

Recovery

Recovery Basis: unspecified
Head Grade: 32.77
Head Grade Unit: % Fe
Conc. Grade: 67.17
Conc. Grade Unit: % Fe
Mass Pull: 36.04 %

Lab

Laboratory: Spectrolab Geraldton
Consultant: Mr Terence Weston

Review

Needs Review: No
Historical: No

Dates

Event date: 2026-10-11T00:00:00.000Z

Reasoning: This DTR result shows an exceptional concentrate grade and very good mass recovery from a high head grade, strongly supporting the quality and processability of the Narryer Main iron ore.

Positive factors

Exceptional concentrate grade (67.17% Fe) achieved from DTR test work, demonstrating very high quality product potential.
Very good mass recovery for the given head grade, indicating highly efficient beneficiation.
The test work provides strong confidence in the beneficiation characteristics of the Narryer Main mineralization.

Negative factors

DTR is a bench-scale test, and further larger-scale test work would be required to confirm these results at a commercial scale.

Evidence · table

“67.17”

Context: 36.04

Davis Tube RecoveryNarryer Prospect · iron_oreHead Grade: 30.51Head Grade Unit: % FeView all details

Link to this fact

Identity

Project: Narryer Prospect
Commodity: iron_ore
Region: australia_wa
Reported Region: Western Australia
Ticker: AHN

Test Work

Program Status: preliminary
Test Type: Davis Tube Recovery
Processing Route: DTR (P80 90 μm to 106 μm)
Sample: AHRC0151 composite
Grind P80: 106 µm

Recovery

Recovery Basis: unspecified
Head Grade: 30.51
Head Grade Unit: % Fe
Conc. Grade: 65.99
Conc. Grade Unit: % Fe
Mass Pull: 37.91 %

Lab

Laboratory: Spectrolab Geraldton
Consultant: Mr Terence Weston

Review

Needs Review: No
Historical: No

Dates

Event date: 2026-10-11T00:00:00.000Z

Reasoning: This DTR result shows an exceptional concentrate grade and good mass recovery, strongly supporting the quality of the Narryer Main iron ore.

Positive factors

Exceptional concentrate grade (65.99% Fe) achieved from DTR test work, demonstrating high quality product potential.
Good mass recovery for the given head grade, indicating efficient beneficiation.
The test work provides confidence in the beneficiation characteristics of the Narryer Main mineralization.

Negative factors

DTR is a bench-scale test, and further larger-scale test work would be required to confirm these results at a commercial scale.

Evidence · table

“65.99”

Context: 37.91

Davis Tube RecoveryNarryer Prospect · iron_oreHead Grade: 25.69Head Grade Unit: % FeView all details

Link to this fact

Identity

Project: Narryer Prospect
Commodity: iron_ore
Region: australia_wa
Reported Region: Western Australia
Ticker: AHN

Test Work

Program Status: preliminary
Test Type: Davis Tube Recovery
Processing Route: DTR (P80 90 μm to 106 μm)
Sample: AHRC0152 composite
Grind P80: 106 µm

Recovery

Recovery Basis: unspecified
Head Grade: 25.69
Head Grade Unit: % Fe
Conc. Grade: 58.42
Conc. Grade Unit: % Fe
Mass Pull: 17.42 %

Lab

Laboratory: Spectrolab Geraldton
Consultant: Mr Terence Weston

Review

Needs Review: No
Historical: No

Dates

Event date: 2026-10-11T00:00:00.000Z

Reasoning: This DTR result shows a strong concentrate grade from a lower head grade, but with a lower mass recovery, providing variability data for the Narryer Main iron ore.

Positive factors

Strong concentrate grade (58.42% Fe) achieved from DTR test work, demonstrating good quality product potential.
The test work provides confidence in the beneficiation characteristics of the Narryer Main mineralization.

Negative factors

Lower mass recovery compared to other samples, indicating less efficient beneficiation for this specific interval.
DTR is a bench-scale test, and further larger-scale test work would be required to confirm these results at a commercial scale.

Evidence · table

“58.42”

Context: 17.42

Davis Tube RecoveryNarryer Prospect · iron_oreHead Grade: 38.13Head Grade Unit: % FeView all details

Link to this fact

Identity

Project: Narryer Prospect
Commodity: iron_ore
Region: australia_wa
Reported Region: Western Australia
Ticker: AHN

Test Work

Program Status: preliminary
Test Type: Davis Tube Recovery
Processing Route: DTR (P80 90 μm to 106 μm)
Sample: AHRC0152 composite
Grind P80: 106 µm

Recovery

Recovery Basis: unspecified
Head Grade: 38.13
Head Grade Unit: % Fe
Conc. Grade: 69.95
Conc. Grade Unit: % Fe
Mass Pull: 52.63 %

Lab

Laboratory: Spectrolab Geraldton
Consultant: Mr Terence Weston

Review

Needs Review: No
Historical: No

Dates

Event date: 2026-10-11T00:00:00.000Z

Reasoning: This DTR result shows an exceptional concentrate grade and excellent mass recovery from a very high head grade, strongly supporting the quality and processability of the Narryer Main iron ore.

Positive factors

Exceptional concentrate grade (69.95% Fe) achieved from DTR test work, demonstrating very high quality product potential.
Excellent mass recovery for the given head grade, indicating highly efficient beneficiation.
The test work provides strong confidence in the beneficiation characteristics of the Narryer Main mineralization.

Negative factors

DTR is a bench-scale test, and further larger-scale test work would be required to confirm these results at a commercial scale.

Evidence · table

“69.95”

Context: 52.63

Davis Tube RecoveryNarryer Prospect · iron_oreHead Grade: 34.1Head Grade Unit: % FeView all details

Link to this fact

Identity

Project: Narryer Prospect
Commodity: iron_ore
Region: australia_wa
Reported Region: Western Australia
Ticker: AHN

Test Work

Program Status: preliminary
Test Type: Davis Tube Recovery
Processing Route: DTR (P80 90 μm to 106 μm)
Sample: AHRC0152 composite
Grind P80: 106 µm

Recovery

Recovery Basis: unspecified
Head Grade: 34.1
Head Grade Unit: % Fe
Conc. Grade: 69.2
Conc. Grade Unit: % Fe
Mass Pull: 42.2 %

Lab

Laboratory: Spectrolab Geraldton
Consultant: Mr Terence Weston

Review

Needs Review: No
Historical: No

Dates

Event date: 2026-10-11T00:00:00.000Z

Reasoning: This DTR result shows an exceptional concentrate grade and very good mass recovery from a high head grade, strongly supporting the quality and processability of the Narryer Main iron ore.

Positive factors

Exceptional concentrate grade (69.20% Fe) achieved from DTR test work, demonstrating very high quality product potential.
Very good mass recovery for the given head grade, indicating highly efficient beneficiation.
The test work provides strong confidence in the beneficiation characteristics of the Narryer Main mineralization.

Negative factors

DTR is a bench-scale test, and further larger-scale test work would be required to confirm these results at a commercial scale.

Evidence · table

“69.20”

Context: 42.20

Davis Tube RecoveryNarryer Prospect · iron_oreHead Grade: 32.77Head Grade Unit: % FeView all details

Link to this fact

Identity

Project: Narryer Prospect
Commodity: iron_ore
Region: australia_wa
Reported Region: Western Australia
Ticker: AHN

Test Work

Program Status: preliminary
Test Type: Davis Tube Recovery
Processing Route: DTR (P80 90 μm to 106 μm)
Sample: AHRC0153 composite
Grind P80: 106 µm

Recovery

Recovery Basis: unspecified
Head Grade: 32.77
Head Grade Unit: % Fe
Conc. Grade: 61.29
Conc. Grade Unit: % Fe
Mass Pull: 29.94 %

Lab

Laboratory: Spectrolab Geraldton
Consultant: Mr Terence Weston

Review

Needs Review: No
Historical: No

Dates

Event date: 2026-10-11T00:00:00.000Z

Reasoning: This DTR result shows an exceptional concentrate grade and good mass recovery, strongly supporting the quality of the Narryer Main iron ore.

Positive factors

Exceptional concentrate grade (61.29% Fe) achieved from DTR test work, demonstrating high quality product potential.
Good mass recovery for the given head grade, indicating efficient beneficiation.
The test work provides confidence in the beneficiation characteristics of the Narryer Main mineralization.

Negative factors

DTR is a bench-scale test, and further larger-scale test work would be required to confirm these results at a commercial scale.

Evidence · table

“61.29”

Context: 29.94

Davis Tube RecoveryNarryer Prospect · iron_oreHead Grade: 30.51Head Grade Unit: % FeView all details

Link to this fact

Identity

Project: Narryer Prospect
Commodity: iron_ore
Region: australia_wa
Reported Region: Western Australia
Ticker: AHN

Test Work

Program Status: preliminary
Test Type: Davis Tube Recovery
Processing Route: DTR (P80 90 μm to 106 μm)
Sample: AHRC0153 composite
Grind P80: 106 µm

Recovery

Recovery Basis: unspecified
Head Grade: 30.51
Head Grade Unit: % Fe
Conc. Grade: 63.9
Conc. Grade Unit: % Fe
Mass Pull: 42.43 %

Lab

Laboratory: Spectrolab Geraldton
Consultant: Mr Terence Weston

Review

Needs Review: No
Historical: No

Dates

Event date: 2026-10-11T00:00:00.000Z

Reasoning: This DTR result shows an exceptional concentrate grade and very good mass recovery, strongly supporting the quality and processability of the Narryer Main iron ore.

Positive factors

Exceptional concentrate grade (63.90% Fe) achieved from DTR test work, demonstrating high quality product potential.
Very good mass recovery for the given head grade, indicating highly efficient beneficiation.
The test work provides strong confidence in the beneficiation characteristics of the Narryer Main mineralization.

Negative factors

DTR is a bench-scale test, and further larger-scale test work would be required to confirm these results at a commercial scale.

Evidence · table

“63.90”

Context: 42.43

Davis Tube RecoveryNarryer Prospect · iron_oreHead Grade: 34.6Head Grade Unit: % FeView all details

Link to this fact

Identity

Project: Narryer Prospect
Commodity: iron_ore
Region: australia_wa
Reported Region: Western Australia
Ticker: AHN

Test Work

Program Status: preliminary
Test Type: Davis Tube Recovery
Processing Route: DTR (P80 90 μm to 106 μm)
Sample: AHRC0154 composite
Grind P80: 106 µm

Recovery

Recovery Basis: unspecified
Head Grade: 34.6
Head Grade Unit: % Fe
Conc. Grade: 68.16
Conc. Grade Unit: % Fe
Mass Pull: 42.54 %

Lab

Laboratory: Spectrolab Geraldton
Consultant: Mr Terence Weston

Review

Needs Review: No
Historical: No

Dates

Event date: 2026-10-11T00:00:00.000Z

Reasoning: This DTR result shows an exceptional concentrate grade and very good mass recovery from a high head grade, strongly supporting the quality and processability of the Narryer Main iron ore.

Positive factors

Exceptional concentrate grade (68.16% Fe) achieved from DTR test work, demonstrating very high quality product potential.
Very good mass recovery for the given head grade, indicating highly efficient beneficiation.
The test work provides strong confidence in the beneficiation characteristics of the Narryer Main mineralization.

Negative factors

DTR is a bench-scale test, and further larger-scale test work would be required to confirm these results at a commercial scale.

Evidence · table

“68.16”

Context: 42.54

Davis Tube RecoveryNarryer Prospect · iron_oreHead Grade: 29.15Head Grade Unit: % FeView all details

Link to this fact

Identity

Project: Narryer Prospect
Commodity: iron_ore
Region: australia_wa
Reported Region: Western Australia
Ticker: AHN

Test Work

Program Status: preliminary
Test Type: Davis Tube Recovery
Processing Route: DTR (P80 90 μm to 106 μm)
Sample: AHRC0155 composite
Grind P80: 106 µm

Recovery

Recovery Basis: unspecified
Head Grade: 29.15
Head Grade Unit: % Fe
Conc. Grade: 65.77
Conc. Grade Unit: % Fe
Mass Pull: 31.17 %

Lab

Laboratory: Spectrolab Geraldton
Consultant: Mr Terence Weston

Review

Needs Review: No
Historical: No

Dates

Event date: 2026-10-11T00:00:00.000Z

Reasoning: This DTR result shows an exceptional concentrate grade and good mass recovery, strongly supporting the quality of the Narryer Main iron ore.

Positive factors

Exceptional concentrate grade (65.77% Fe) achieved from DTR test work, demonstrating high quality product potential.
Good mass recovery for the given head grade, indicating efficient beneficiation.
The test work provides confidence in the beneficiation characteristics of the Narryer Main mineralization.

Negative factors

DTR is a bench-scale test, and further larger-scale test work would be required to confirm these results at a commercial scale.

Evidence · table

“65.77”

Context: 31.17

Davis Tube RecoveryNarryer Prospect · iron_oreHead Grade: 31.15Head Grade Unit: % FeView all details

Link to this fact

Identity

Project: Narryer Prospect
Commodity: iron_ore
Region: australia_wa
Reported Region: Western Australia
Ticker: AHN

Test Work

Program Status: preliminary
Test Type: Davis Tube Recovery
Processing Route: DTR (P80 90 μm to 106 μm)
Sample: AHRC0156 composite
Grind P80: 106 µm

Recovery

Recovery Basis: unspecified
Head Grade: 31.15
Head Grade Unit: % Fe
Conc. Grade: 67.73
Conc. Grade Unit: % Fe
Mass Pull: 35.05 %

Lab

Laboratory: Spectrolab Geraldton
Consultant: Mr Terence Weston

Review

Needs Review: No
Historical: No

Dates

Event date: 2026-10-11T00:00:00.000Z

Reasoning: This DTR result shows an exceptional concentrate grade and very good mass recovery from a high head grade, strongly supporting the quality and processability of the Narryer Main iron ore.

Positive factors

Exceptional concentrate grade (67.73% Fe) achieved from DTR test work, demonstrating very high quality product potential.
Very good mass recovery for the given head grade, indicating highly efficient beneficiation.
The test work provides strong confidence in the beneficiation characteristics of the Narryer Main mineralization.

Negative factors

DTR is a bench-scale test, and further larger-scale test work would be required to confirm these results at a commercial scale.

Evidence · table

“67.73”

Context: 35.05

Davis Tube RecoveryNarryer Prospect · iron_oreHead Grade: 31.54Head Grade Unit: % FeView all details

Link to this fact

Identity

Project: Narryer Prospect
Commodity: iron_ore
Region: australia_wa
Reported Region: Western Australia
Ticker: AHN

Test Work

Program Status: preliminary
Test Type: Davis Tube Recovery
Processing Route: DTR (P80 90 μm to 106 μm)
Sample: AHRC0158 composite
Grind P80: 106 µm

Recovery

Recovery Basis: unspecified
Head Grade: 31.54
Head Grade Unit: % Fe
Conc. Grade: 69.88
Conc. Grade Unit: % Fe
Mass Pull: 37.94 %

Lab

Laboratory: Spectrolab Geraldton
Consultant: Mr Terence Weston

Review

Needs Review: No
Historical: No

Dates

Event date: 2026-10-11T00:00:00.000Z

Reasoning: This DTR result shows an exceptional concentrate grade and very good mass recovery from a high head grade, strongly supporting the quality and processability of the Narryer Main iron ore.

Positive factors

Exceptional concentrate grade (69.88% Fe) achieved from DTR test work, demonstrating very high quality product potential.
Very good mass recovery for the given head grade, indicating highly efficient beneficiation.
The test work provides strong confidence in the beneficiation characteristics of the Narryer Main mineralization.

Negative factors

DTR is a bench-scale test, and further larger-scale test work would be required to confirm these results at a commercial scale.

Evidence · table

“69.88”

Context: 37.94

Davis Tube RecoveryNarryer Prospect · iron_oreHead Grade: 30.02Head Grade Unit: % FeView all details

Link to this fact

Identity

Project: Narryer Prospect
Commodity: iron_ore
Region: australia_wa
Reported Region: Western Australia
Ticker: AHN

Test Work

Program Status: preliminary
Test Type: Davis Tube Recovery
Processing Route: DTR (P80 90 μm to 106 μm)
Sample: AHDD0162 composite
Grind P80: 106 µm

Recovery

Recovery Basis: unspecified
Head Grade: 30.02
Head Grade Unit: % Fe
Conc. Grade: 65.96
Conc. Grade Unit: % Fe
Mass Pull: 41.27 %

Lab

Laboratory: Spectrolab Geraldton
Consultant: Mr Terence Weston

Review

Needs Review: No
Historical: No

Dates

Event date: 2026-10-11T00:00:00.000Z

Reasoning: This DTR result shows an exceptional concentrate grade and very good mass recovery, strongly supporting the quality and processability of the Narryer Main iron ore.

Positive factors

Exceptional concentrate grade (65.96% Fe) achieved from DTR test work, demonstrating high quality product potential.
Very good mass recovery for the given head grade, indicating highly efficient beneficiation.
The test work provides confidence in the beneficiation characteristics of the Narryer Main mineralization.

Negative factors

DTR is a bench-scale test, and further larger-scale test work would be required to confirm these results at a commercial scale.

Evidence · table

“65.96”

Context: 41.27

Davis Tube RecoveryNarryer Prospect · iron_oreHead Grade: 33.92Head Grade Unit: % FeView all details

Link to this fact

Identity

Project: Narryer Prospect
Commodity: iron_ore
Region: australia_wa
Reported Region: Western Australia
Ticker: AHN

Test Work

Program Status: preliminary
Test Type: Davis Tube Recovery
Processing Route: DTR (P80 90 μm to 106 μm)
Sample: AHDD0163 composite
Grind P80: 106 µm

Recovery

Recovery Basis: unspecified
Head Grade: 33.92
Head Grade Unit: % Fe
Conc. Grade: 66.17
Conc. Grade Unit: % Fe
Mass Pull: 37.99 %

Lab

Laboratory: Spectrolab Geraldton
Consultant: Mr Terence Weston

Review

Needs Review: No
Historical: No

Dates

Event date: 2026-10-11T00:00:00.000Z

Reasoning: This DTR result shows an exceptional concentrate grade and very good mass recovery from a high head grade, strongly supporting the quality and processability of the Narryer Main iron ore.

Positive factors

Exceptional concentrate grade (66.17% Fe) achieved from DTR test work, demonstrating high quality product potential.
Very good mass recovery for the given head grade, indicating highly efficient beneficiation.
The test work provides strong confidence in the beneficiation characteristics of the Narryer Main mineralization.

Negative factors

DTR is a bench-scale test, and further larger-scale test work would be required to confirm these results at a commercial scale.

Evidence · table

“66.17”

Context: 37.99

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.