# AHN: Excellent Narryer Drilling Results Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/ahn-excellent-narryer-drilling-results--207a6864-2ee1-4890-b0ea-69533bd6b9e8 Original source: https://www.asx.com.au/asx/v2/statistics/displayAnnouncement.do?display=pdf&idsId=03150965 Publisher: asx Original announcement: 2026-10-11T21:45:00.000Z Analysis by Minestarters Atlas Atlas analysis published: 2026-10-11T22:12:17.443Z Atlas analysis updated: 2026-10-11T22:12:17.443Z - 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 Narrative sentiment: 0.80 · Bullish ## Minestarters Atlas 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 factor: Multiple broad, high-grade magnetite intercepts, including several over 40m in length, confirm significant mineralization at Narryer Main. - Positive factor: Maiden drill hole at the previously untested Narryer Southwest target successfully confirmed iron mineralization with a strong intercept, indicating a new prospect. - Positive factor: Metallurgical test work \(DTR\) yielded exceptional concentrate grades averaging 67.44% Fe and 69.70% Fe, demonstrating the high quality of the potential product. - Positive factor: 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. - Positive factor: All exploration results and metallurgical test work are reported under JORC Code 2012, with Competent Person sign-off and disclosed QA/QC procedures. - Negative factor: True widths of the intercepts are not provided, meaning downhole lengths may not represent actual thickness. - Negative factor: 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 Disclosed** Polarity: positive Definition: 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 Transparent** Polarity: positive Definition: 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 Only** Polarity: negative Definition: 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 Extension** Polarity: positive Definition: 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 Signed** Polarity: positive Story-specific tag Definition: 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 Only** Polarity: negative Definition: 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 Grade** Polarity: positive Story-specific tag Definition: 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 Route** Polarity: neutral Definition: Processing via mill or concentrator \(CIL, CIP, tank leach, flotation\). Why it applies: the document describes a flotation route \("concentrate"\) **Gravity Route** Polarity: neutral Definition: Gravity separation forms a material part of the flowsheet. Why it applies: the document describes a gravity route \("gravity"\) **Multi-Domain Tested** Polarity: positive Definition: 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) ### AHRC0132 [Link to this fact](https://atlas-staging.minestarters.com/news/ahn-excellent-narryer-drilling-results--207a6864-2ee1-4890-b0ea-69533bd6b9e8#fact-drill-facts-0) Narryer Prospect · iron\_ore #### 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 factor: Good intercept length and grade for magnetite iron ore, contributing to the overall resource potential. - Positive factor: Part of a program designed to improve geological understanding and confidence for a maiden MRE. - Negative factor: 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 Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Compositing Transparent** Polarity: positive Definition: 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 Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "mixed" ### AHRC0133 [Link to this fact](https://atlas-staging.minestarters.com/news/ahn-excellent-narryer-drilling-results--207a6864-2ee1-4890-b0ea-69533bd6b9e8#fact-drill-facts-1) Narryer Prospect · iron\_ore #### 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 factor: Significant intercept length and good grade for magnetite iron ore, enhancing the potential of Narryer Main. - Positive factor: Contributes to improved geological resolution and confidence for the upcoming maiden MRE. - Negative factor: 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 Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Compositing Transparent** Polarity: positive Definition: 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 Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "mixed" ### AHRC0134 [Link to this fact](https://atlas-staging.minestarters.com/news/ahn-excellent-narryer-drilling-results--207a6864-2ee1-4890-b0ea-69533bd6b9e8#fact-drill-facts-2) Narryer Prospect · iron\_ore #### 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 factor: Significant intercept length and good grade for magnetite iron ore, enhancing the potential of Narryer Main. - Positive factor: Contributes to improved geological resolution and confidence for the upcoming maiden MRE. - Negative factor: 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 Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Compositing Transparent** Polarity: positive Definition: 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 Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "mixed" ### AHRC0135 [Link to this fact](https://atlas-staging.minestarters.com/news/ahn-excellent-narryer-drilling-results--207a6864-2ee1-4890-b0ea-69533bd6b9e8#fact-drill-facts-3) Narryer Prospect · iron\_ore #### 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 factor: Good intercept length and grade for magnetite iron ore, contributing to the overall resource potential. - Positive factor: Part of a program designed to improve geological understanding and confidence for a maiden MRE. - Negative factor: 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 Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Compositing Transparent** Polarity: positive Definition: 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 Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "mixed" ### AHRC0136 [Link to this fact](https://atlas-staging.minestarters.com/news/ahn-excellent-narryer-drilling-results--207a6864-2ee1-4890-b0ea-69533bd6b9e8#fact-drill-facts-4) Narryer Prospect · iron\_ore #### 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 factor: Solid intercept length and grade for magnetite iron ore, contributing to the overall resource potential. - Positive factor: Part of a program designed to improve geological understanding and confidence for a maiden MRE. - Negative factor: 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 Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Compositing Transparent** Polarity: positive Definition: 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 Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "mixed" ### AHRC0137 [Link to this fact](https://atlas-staging.minestarters.com/news/ahn-excellent-narryer-drilling-results--207a6864-2ee1-4890-b0ea-69533bd6b9e8#fact-drill-facts-5) Narryer Prospect · iron\_ore #### 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 factor: Solid intercept length and grade for magnetite iron ore, contributing to the overall resource potential. - Positive factor: Part of a program designed to improve geological understanding and confidence for a maiden MRE. - Negative factor: 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 Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Compositing Transparent** Polarity: positive Definition: 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 Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "mixed" ### AHRC0138 [Link to this fact](https://atlas-staging.minestarters.com/news/ahn-excellent-narryer-drilling-results--207a6864-2ee1-4890-b0ea-69533bd6b9e8#fact-drill-facts-6) Narryer Prospect · iron\_ore #### 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 factor: Solid intercept length and grade for magnetite iron ore, contributing to the overall resource potential. - Positive factor: Part of a program designed to improve geological understanding and confidence for a maiden MRE. - Negative factor: 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 Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Compositing Transparent** Polarity: positive Definition: 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 Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "mixed" ### AHRC0139 [Link to this fact](https://atlas-staging.minestarters.com/news/ahn-excellent-narryer-drilling-results--207a6864-2ee1-4890-b0ea-69533bd6b9e8#fact-drill-facts-7) Narryer Prospect · iron\_ore #### 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 factor: Good intercept length and grade for magnetite iron ore, contributing to the overall resource potential. - Positive factor: Part of a program designed to improve geological understanding and confidence for a maiden MRE. - Negative factor: 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 Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Compositing Transparent** Polarity: positive Definition: 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 Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "mixed" ### AHRC0140 [Link to this fact](https://atlas-staging.minestarters.com/news/ahn-excellent-narryer-drilling-results--207a6864-2ee1-4890-b0ea-69533bd6b9e8#fact-drill-facts-8) Narryer Prospect · iron\_ore #### 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 factor: Significant intercept length and good grade for magnetite iron ore, enhancing the potential of Narryer Main. - Positive factor: Contributes to improved geological resolution and confidence for the upcoming maiden MRE. - Negative factor: 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 Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Compositing Transparent** Polarity: positive Definition: 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 Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "mixed" ### AHRC0141 [Link to this fact](https://atlas-staging.minestarters.com/news/ahn-excellent-narryer-drilling-results--207a6864-2ee1-4890-b0ea-69533bd6b9e8#fact-drill-facts-9) Narryer Prospect · iron\_ore #### 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 factor: Exceptional intercept length \(40m\) and good grade for magnetite iron ore, significantly enhancing the potential of Narryer Main. - Positive factor: Contributes to improved geological resolution and confidence for the upcoming maiden MRE. - Negative factor: 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 Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Compositing Transparent** Polarity: positive Definition: 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 Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "mixed" ### AHRC0142 [Link to this fact](https://atlas-staging.minestarters.com/news/ahn-excellent-narryer-drilling-results--207a6864-2ee1-4890-b0ea-69533bd6b9e8#fact-drill-facts-10) Narryer Prospect · iron\_ore #### 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 factor: Good intercept length and grade for magnetite iron ore, contributing to the overall resource potential. - Positive factor: Part of a program designed to improve geological understanding and confidence for a maiden MRE. - Negative factor: 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 Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Compositing Transparent** Polarity: positive Definition: 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 Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "mixed" ### AHRC0147 [Link to this fact](https://atlas-staging.minestarters.com/news/ahn-excellent-narryer-drilling-results--207a6864-2ee1-4890-b0ea-69533bd6b9e8#fact-drill-facts-11) Narryer Prospect · iron\_ore #### 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 factor: Solid grade for magnetite iron ore, contributing to the overall resource potential. - Positive factor: Part of a program designed to improve geological understanding and confidence for a maiden MRE. - Negative factor: Relatively narrow intercept length compared to other results. - Negative factor: 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 Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Compositing Transparent** Polarity: positive Definition: 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 Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "mixed" ### AHRC0148 [Link to this fact](https://atlas-staging.minestarters.com/news/ahn-excellent-narryer-drilling-results--207a6864-2ee1-4890-b0ea-69533bd6b9e8#fact-drill-facts-12) Narryer Prospect · iron\_ore #### 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 factor: Solid grade for magnetite iron ore, contributing to the overall resource potential. - Positive factor: Part of a program designed to improve geological understanding and confidence for a maiden MRE. - Negative factor: Relatively narrow intercept length compared to other results. - Negative factor: 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 Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Compositing Transparent** Polarity: positive Definition: 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 Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "mixed" ### AHRC0149 [Link to this fact](https://atlas-staging.minestarters.com/news/ahn-excellent-narryer-drilling-results--207a6864-2ee1-4890-b0ea-69533bd6b9e8#fact-drill-facts-13) Narryer Prospect · iron\_ore #### 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 factor: Significant intercept length and good grade for magnetite iron ore, enhancing the potential of Narryer Main. - Positive factor: Contributes to improved geological resolution and confidence for the upcoming maiden MRE. - Negative factor: 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 Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Compositing Transparent** Polarity: positive Definition: 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 Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "mixed" ### AHRC0150 [Link to this fact](https://atlas-staging.minestarters.com/news/ahn-excellent-narryer-drilling-results--207a6864-2ee1-4890-b0ea-69533bd6b9e8#fact-drill-facts-14) Narryer Prospect · iron\_ore #### 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 factor: Significant intercept length and good grade for magnetite iron ore, enhancing the potential of Narryer Main. - Positive factor: Contributes to improved geological resolution and confidence for the upcoming maiden MRE. - Negative factor: 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 Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Compositing Transparent** Polarity: positive Definition: 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 Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "mixed" ### AHRC0151 [Link to this fact](https://atlas-staging.minestarters.com/news/ahn-excellent-narryer-drilling-results--207a6864-2ee1-4890-b0ea-69533bd6b9e8#fact-drill-facts-15) Narryer Prospect · iron\_ore #### 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 factor: Exceptional intercept length \(44m\) and good grade for magnetite iron ore, significantly enhancing the potential of Narryer Main. - Positive factor: Contributes to improved geological resolution and confidence for the upcoming maiden MRE. - Negative factor: 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 Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Compositing Transparent** Polarity: positive Definition: 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 Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "mixed" ### AHRC0152 [Link to this fact](https://atlas-staging.minestarters.com/news/ahn-excellent-narryer-drilling-results--207a6864-2ee1-4890-b0ea-69533bd6b9e8#fact-drill-facts-16) Narryer Prospect · iron\_ore #### 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 factor: Exceptional intercept length \(40m\) and good grade for magnetite iron ore, significantly enhancing the potential of Narryer Main. - Positive factor: Contributes to improved geological resolution and confidence for the upcoming maiden MRE. - Negative factor: 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 Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Compositing Transparent** Polarity: positive Definition: 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 Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "mixed" ### AHRC0154 [Link to this fact](https://atlas-staging.minestarters.com/news/ahn-excellent-narryer-drilling-results--207a6864-2ee1-4890-b0ea-69533bd6b9e8#fact-drill-facts-17) Narryer Prospect · iron\_ore #### 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 factor: Exceptional intercept length \(40m\) and good grade for magnetite iron ore, significantly enhancing the potential of Narryer Main. - Positive factor: Contributes to improved geological resolution and confidence for the upcoming maiden MRE. - Negative factor: 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 Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Compositing Transparent** Polarity: positive Definition: 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 Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "mixed" ### AHRC0155 [Link to this fact](https://atlas-staging.minestarters.com/news/ahn-excellent-narryer-drilling-results--207a6864-2ee1-4890-b0ea-69533bd6b9e8#fact-drill-facts-18) Narryer Prospect · iron\_ore #### 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 factor: Significant intercept length and good grade for magnetite iron ore, enhancing the potential of Narryer Main. - Positive factor: Contributes to improved geological resolution and confidence for the upcoming maiden MRE. - Negative factor: 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 Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Compositing Transparent** Polarity: positive Definition: 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 Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "mixed" ### AHRC0156 [Link to this fact](https://atlas-staging.minestarters.com/news/ahn-excellent-narryer-drilling-results--207a6864-2ee1-4890-b0ea-69533bd6b9e8#fact-drill-facts-19) Narryer Prospect · iron\_ore #### 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 factor: Good intercept length and grade for magnetite iron ore, contributing to the overall resource potential. - Positive factor: Part of a program designed to improve geological understanding and confidence for a maiden MRE. - Negative factor: 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 Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Compositing Transparent** Polarity: positive Definition: 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 Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "mixed" ### AHRC0157 [Link to this fact](https://atlas-staging.minestarters.com/news/ahn-excellent-narryer-drilling-results--207a6864-2ee1-4890-b0ea-69533bd6b9e8#fact-drill-facts-20) Narryer Prospect · iron\_ore #### 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 factor: Meets the minimum reporting criteria and contributes to geological understanding. - Positive factor: Part of a program designed to improve geological understanding and confidence for a maiden MRE. - Negative factor: Relatively narrow intercept length and lower grade compared to other results. - Negative factor: 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 Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Compositing Transparent** Polarity: positive Definition: 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 Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "mixed" ### AHRC0158 [Link to this fact](https://atlas-staging.minestarters.com/news/ahn-excellent-narryer-drilling-results--207a6864-2ee1-4890-b0ea-69533bd6b9e8#fact-drill-facts-21) Narryer Prospect · iron\_ore #### 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 factor: Solid grade for magnetite iron ore, contributing to the overall resource potential. - Positive factor: Part of a program designed to improve geological understanding and confidence for a maiden MRE. - Negative factor: Relatively narrow intercept length compared to other results. - Negative factor: 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 Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Compositing Transparent** Polarity: positive Definition: 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 Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "mixed" ### AHRC0158 [Link to this fact](https://atlas-staging.minestarters.com/news/ahn-excellent-narryer-drilling-results--207a6864-2ee1-4890-b0ea-69533bd6b9e8#fact-drill-facts-22) Narryer Prospect · iron\_ore #### 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 factor: Significant intercept length and good grade for magnetite iron ore, enhancing the potential of Narryer Main. - Positive factor: Contributes to improved geological resolution and confidence for the upcoming maiden MRE. - Negative factor: 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 Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Compositing Transparent** Polarity: positive Definition: 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 Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "mixed" ### AHRC0131 [Link to this fact](https://atlas-staging.minestarters.com/news/ahn-excellent-narryer-drilling-results--207a6864-2ee1-4890-b0ea-69533bd6b9e8#fact-drill-facts-23) Narryer Prospect · iron\_ore #### 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 factor: Maiden drill hole successfully confirmed iron mineralization at the previously untested Narryer Southwest Target, indicating a new prospect. - Positive factor: Significant intercept length \(31m\) and good grade for magnetite iron ore, demonstrating strong potential for this new area. - Positive factor: Supports further drilling at Narryer Southwest, which has a combined strike length of approximately 1.8 km that remains largely untested. - Negative factor: 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 Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Compositing Transparent** Polarity: positive Definition: Cut-off grade and internal dilution rules are clearly stated for reported intervals. Why it applies: cutoff\_grade and internal dilution are both stated ### AHDD0162 [Link to this fact](https://atlas-staging.minestarters.com/news/ahn-excellent-narryer-drilling-results--207a6864-2ee1-4890-b0ea-69533bd6b9e8#fact-drill-facts-24) Narryer Prospect · iron\_ore #### 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 factor: Good intercept length and grade for magnetite iron ore from diamond drilling, providing core for metallurgical test work. - Positive factor: Contributes to improved geological resolution and confidence for the upcoming maiden MRE. - Negative factor: 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 Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Compositing Transparent** Polarity: positive Definition: 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 Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "mixed" ### AHDD0163 [Link to this fact](https://atlas-staging.minestarters.com/news/ahn-excellent-narryer-drilling-results--207a6864-2ee1-4890-b0ea-69533bd6b9e8#fact-drill-facts-25) Narryer Prospect · iron\_ore #### 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 factor: Solid grade for magnetite iron ore from diamond drilling, providing core for metallurgical test work. - Positive factor: Contributes to improved geological resolution and confidence for the upcoming maiden MRE. - Negative factor: Relatively narrow intercept length compared to other results. - Negative factor: 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 Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Compositing Transparent** Polarity: positive Definition: 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 Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "mixed" ### AHDD0163 [Link to this fact](https://atlas-staging.minestarters.com/news/ahn-excellent-narryer-drilling-results--207a6864-2ee1-4890-b0ea-69533bd6b9e8#fact-drill-facts-26) Narryer Prospect · iron\_ore #### 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 factor: Significant intercept length and good grade for magnetite iron ore from diamond drilling, providing core for metallurgical test work. - Positive factor: Contributes to improved geological resolution and confidence for the upcoming maiden MRE. - Negative factor: 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 Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Compositing Transparent** Polarity: positive Definition: 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 Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "mixed" ## Metallurgical Results (26) ### Davis Tube Recovery [Link to this fact](https://atlas-staging.minestarters.com/news/ahn-excellent-narryer-drilling-results--207a6864-2ee1-4890-b0ea-69533bd6b9e8#fact-metallurgical-facts-27) Narryer Prospect · iron\_ore #### 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 factor: Exceptional concentrate grade \(67.44% Fe\) achieved from DTR test work, demonstrating high quality product potential. - Positive factor: The test work provides confidence in the beneficiation characteristics of the Narryer Main mineralization. - Positive factor: The results are consistent with prior positive metallurgical outcomes for the Byro Magnetite Project. - Negative factor: 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 Recovery [Link to this fact](https://atlas-staging.minestarters.com/news/ahn-excellent-narryer-drilling-results--207a6864-2ee1-4890-b0ea-69533bd6b9e8#fact-metallurgical-facts-28) Narryer Prospect · iron\_ore #### 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 factor: Exceptional concentrate grade \(69.70% Fe\) achieved from DTR test work at the new Narryer Southwest prospect, confirming high quality product potential. - Positive factor: The test work provides strong confidence in the beneficiation characteristics of the mineralization at this newly confirmed target. - Positive factor: The results are consistent with prior positive metallurgical outcomes for the Byro Magnetite Project. - Negative factor: 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 Recovery [Link to this fact](https://atlas-staging.minestarters.com/news/ahn-excellent-narryer-drilling-results--207a6864-2ee1-4890-b0ea-69533bd6b9e8#fact-metallurgical-facts-29) Narryer Prospect · iron\_ore #### 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 factor: Exceptional concentrate grade \(70.35% Fe\) achieved from DTR test work, demonstrating high quality product potential. - Positive factor: Good mass recovery for the given head grade, indicating efficient beneficiation. - Positive factor: The test work provides confidence in the beneficiation characteristics of the Narryer Main mineralization. - Negative factor: 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 Recovery [Link to this fact](https://atlas-staging.minestarters.com/news/ahn-excellent-narryer-drilling-results--207a6864-2ee1-4890-b0ea-69533bd6b9e8#fact-metallurgical-facts-30) Narryer Prospect · iron\_ore #### 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 factor: Strong concentrate grade \(64.16% Fe\) achieved from DTR test work, demonstrating high quality product potential. - Positive factor: The test work provides confidence in the beneficiation characteristics of the Narryer Main mineralization. - Negative factor: Lower mass recovery compared to other samples, indicating less efficient beneficiation for this specific interval. - Negative factor: 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 Recovery [Link to this fact](https://atlas-staging.minestarters.com/news/ahn-excellent-narryer-drilling-results--207a6864-2ee1-4890-b0ea-69533bd6b9e8#fact-metallurgical-facts-31) Narryer Prospect · iron\_ore #### 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 factor: Exceptional concentrate grade \(65.85% Fe\) achieved from DTR test work, demonstrating high quality product potential. - Positive factor: Good mass recovery for the given head grade, indicating efficient beneficiation. - Positive factor: The test work provides confidence in the beneficiation characteristics of the Narryer Main mineralization. - Negative factor: 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 Recovery [Link to this fact](https://atlas-staging.minestarters.com/news/ahn-excellent-narryer-drilling-results--207a6864-2ee1-4890-b0ea-69533bd6b9e8#fact-metallurgical-facts-32) Narryer Prospect · iron\_ore #### 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 factor: Exceptional concentrate grade \(68.91% Fe\) achieved from DTR test work, demonstrating very high quality product potential. - Positive factor: Very good mass recovery for the given head grade, indicating highly efficient beneficiation. - Positive factor: The test work provides strong confidence in the beneficiation characteristics of the Narryer Main mineralization. - Negative factor: 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 Recovery [Link to this fact](https://atlas-staging.minestarters.com/news/ahn-excellent-narryer-drilling-results--207a6864-2ee1-4890-b0ea-69533bd6b9e8#fact-metallurgical-facts-33) Narryer Prospect · iron\_ore #### 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 factor: Exceptional concentrate grade \(68.91% Fe\) achieved from DTR test work, demonstrating very high quality product potential. - Positive factor: Very good mass recovery for the given head grade, indicating highly efficient beneficiation. - Positive factor: The test work provides strong confidence in the beneficiation characteristics of the Narryer Main mineralization. - Negative factor: 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 Recovery [Link to this fact](https://atlas-staging.minestarters.com/news/ahn-excellent-narryer-drilling-results--207a6864-2ee1-4890-b0ea-69533bd6b9e8#fact-metallurgical-facts-34) Narryer Prospect · iron\_ore #### 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 factor: Exceptional concentrate grade \(68.90% Fe\) achieved from DTR test work, demonstrating very high quality product potential. - Positive factor: Very good mass recovery for the given head grade, indicating highly efficient beneficiation. - Positive factor: The test work provides strong confidence in the beneficiation characteristics of the Narryer Main mineralization. - Negative factor: 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 Recovery [Link to this fact](https://atlas-staging.minestarters.com/news/ahn-excellent-narryer-drilling-results--207a6864-2ee1-4890-b0ea-69533bd6b9e8#fact-metallurgical-facts-35) Narryer Prospect · iron\_ore #### 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 factor: Exceptional concentrate grade \(65.56% Fe\) achieved from DTR test work, demonstrating high quality product potential. - Positive factor: The test work provides confidence in the beneficiation characteristics of the Narryer Main mineralization. - Negative factor: Lower mass recovery compared to other samples, indicating less efficient beneficiation for this specific interval. - Negative factor: 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 Recovery [Link to this fact](https://atlas-staging.minestarters.com/news/ahn-excellent-narryer-drilling-results--207a6864-2ee1-4890-b0ea-69533bd6b9e8#fact-metallurgical-facts-36) Narryer Prospect · iron\_ore #### 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 factor: Exceptional concentrate grade \(65.81% Fe\) achieved from DTR test work, demonstrating high quality product potential. - Positive factor: Very good mass recovery for the given head grade, indicating highly efficient beneficiation. - Positive factor: The test work provides strong confidence in the beneficiation characteristics of the Narryer Main mineralization. - Negative factor: 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 Recovery [Link to this fact](https://atlas-staging.minestarters.com/news/ahn-excellent-narryer-drilling-results--207a6864-2ee1-4890-b0ea-69533bd6b9e8#fact-metallurgical-facts-37) Narryer Prospect · iron\_ore #### 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 factor: Exceptional concentrate grade \(68.54% Fe\) achieved from DTR test work, demonstrating very high quality product potential. - Positive factor: Very good mass recovery for the given head grade, indicating highly efficient beneficiation. - Positive factor: The test work provides strong confidence in the beneficiation characteristics of the Narryer Main mineralization. - Negative factor: 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 Recovery [Link to this fact](https://atlas-staging.minestarters.com/news/ahn-excellent-narryer-drilling-results--207a6864-2ee1-4890-b0ea-69533bd6b9e8#fact-metallurgical-facts-38) Narryer Prospect · iron\_ore #### 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 factor: Exceptional concentrate grade \(68.77% Fe\) achieved from DTR test work, demonstrating very high quality product potential. - Positive factor: Excellent mass recovery for the given head grade, indicating highly efficient beneficiation. - Positive factor: The test work provides strong confidence in the beneficiation characteristics of the Narryer Main mineralization. - Negative factor: 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 Recovery [Link to this fact](https://atlas-staging.minestarters.com/news/ahn-excellent-narryer-drilling-results--207a6864-2ee1-4890-b0ea-69533bd6b9e8#fact-metallurgical-facts-39) Narryer Prospect · iron\_ore #### 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 factor: Exceptional concentrate grade \(65.84% Fe\) achieved from DTR test work, demonstrating high quality product potential. - Positive factor: Good mass recovery for the given head grade, indicating efficient beneficiation. - Positive factor: The test work provides confidence in the beneficiation characteristics of the Narryer Main mineralization. - Negative factor: 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 Recovery [Link to this fact](https://atlas-staging.minestarters.com/news/ahn-excellent-narryer-drilling-results--207a6864-2ee1-4890-b0ea-69533bd6b9e8#fact-metallurgical-facts-40) Narryer Prospect · iron\_ore #### 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 factor: Exceptional concentrate grade \(67.17% Fe\) achieved from DTR test work, demonstrating very high quality product potential. - Positive factor: Very good mass recovery for the given head grade, indicating highly efficient beneficiation. - Positive factor: The test work provides strong confidence in the beneficiation characteristics of the Narryer Main mineralization. - Negative factor: 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 Recovery [Link to this fact](https://atlas-staging.minestarters.com/news/ahn-excellent-narryer-drilling-results--207a6864-2ee1-4890-b0ea-69533bd6b9e8#fact-metallurgical-facts-41) Narryer Prospect · iron\_ore #### 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 factor: Exceptional concentrate grade \(65.99% Fe\) achieved from DTR test work, demonstrating high quality product potential. - Positive factor: Good mass recovery for the given head grade, indicating efficient beneficiation. - Positive factor: The test work provides confidence in the beneficiation characteristics of the Narryer Main mineralization. - Negative factor: 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 Recovery [Link to this fact](https://atlas-staging.minestarters.com/news/ahn-excellent-narryer-drilling-results--207a6864-2ee1-4890-b0ea-69533bd6b9e8#fact-metallurgical-facts-42) Narryer Prospect · iron\_ore #### 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 factor: Strong concentrate grade \(58.42% Fe\) achieved from DTR test work, demonstrating good quality product potential. - Positive factor: The test work provides confidence in the beneficiation characteristics of the Narryer Main mineralization. - Negative factor: Lower mass recovery compared to other samples, indicating less efficient beneficiation for this specific interval. - Negative factor: 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 Recovery [Link to this fact](https://atlas-staging.minestarters.com/news/ahn-excellent-narryer-drilling-results--207a6864-2ee1-4890-b0ea-69533bd6b9e8#fact-metallurgical-facts-43) Narryer Prospect · iron\_ore #### 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 factor: Exceptional concentrate grade \(69.95% Fe\) achieved from DTR test work, demonstrating very high quality product potential. - Positive factor: Excellent mass recovery for the given head grade, indicating highly efficient beneficiation. - Positive factor: The test work provides strong confidence in the beneficiation characteristics of the Narryer Main mineralization. - Negative factor: 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 Recovery [Link to this fact](https://atlas-staging.minestarters.com/news/ahn-excellent-narryer-drilling-results--207a6864-2ee1-4890-b0ea-69533bd6b9e8#fact-metallurgical-facts-44) Narryer Prospect · iron\_ore #### 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 factor: Exceptional concentrate grade \(69.20% Fe\) achieved from DTR test work, demonstrating very high quality product potential. - Positive factor: Very good mass recovery for the given head grade, indicating highly efficient beneficiation. - Positive factor: The test work provides strong confidence in the beneficiation characteristics of the Narryer Main mineralization. - Negative factor: 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 Recovery [Link to this fact](https://atlas-staging.minestarters.com/news/ahn-excellent-narryer-drilling-results--207a6864-2ee1-4890-b0ea-69533bd6b9e8#fact-metallurgical-facts-45) Narryer Prospect · iron\_ore #### 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 factor: Exceptional concentrate grade \(61.29% Fe\) achieved from DTR test work, demonstrating high quality product potential. - Positive factor: Good mass recovery for the given head grade, indicating efficient beneficiation. - Positive factor: The test work provides confidence in the beneficiation characteristics of the Narryer Main mineralization. - Negative factor: 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 Recovery [Link to this fact](https://atlas-staging.minestarters.com/news/ahn-excellent-narryer-drilling-results--207a6864-2ee1-4890-b0ea-69533bd6b9e8#fact-metallurgical-facts-46) Narryer Prospect · iron\_ore #### 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 factor: Exceptional concentrate grade \(63.90% Fe\) achieved from DTR test work, demonstrating high quality product potential. - Positive factor: Very good mass recovery for the given head grade, indicating highly efficient beneficiation. - Positive factor: The test work provides strong confidence in the beneficiation characteristics of the Narryer Main mineralization. - Negative factor: 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 Recovery [Link to this fact](https://atlas-staging.minestarters.com/news/ahn-excellent-narryer-drilling-results--207a6864-2ee1-4890-b0ea-69533bd6b9e8#fact-metallurgical-facts-47) Narryer Prospect · iron\_ore #### 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 factor: Exceptional concentrate grade \(68.16% Fe\) achieved from DTR test work, demonstrating very high quality product potential. - Positive factor: Very good mass recovery for the given head grade, indicating highly efficient beneficiation. - Positive factor: The test work provides strong confidence in the beneficiation characteristics of the Narryer Main mineralization. - Negative factor: 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 Recovery [Link to this fact](https://atlas-staging.minestarters.com/news/ahn-excellent-narryer-drilling-results--207a6864-2ee1-4890-b0ea-69533bd6b9e8#fact-metallurgical-facts-48) Narryer Prospect · iron\_ore #### 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 factor: Exceptional concentrate grade \(65.77% Fe\) achieved from DTR test work, demonstrating high quality product potential. - Positive factor: Good mass recovery for the given head grade, indicating efficient beneficiation. - Positive factor: The test work provides confidence in the beneficiation characteristics of the Narryer Main mineralization. - Negative factor: 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 Recovery [Link to this fact](https://atlas-staging.minestarters.com/news/ahn-excellent-narryer-drilling-results--207a6864-2ee1-4890-b0ea-69533bd6b9e8#fact-metallurgical-facts-49) Narryer Prospect · iron\_ore #### 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 factor: Exceptional concentrate grade \(67.73% Fe\) achieved from DTR test work, demonstrating very high quality product potential. - Positive factor: Very good mass recovery for the given head grade, indicating highly efficient beneficiation. - Positive factor: The test work provides strong confidence in the beneficiation characteristics of the Narryer Main mineralization. - Negative factor: 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 Recovery [Link to this fact](https://atlas-staging.minestarters.com/news/ahn-excellent-narryer-drilling-results--207a6864-2ee1-4890-b0ea-69533bd6b9e8#fact-metallurgical-facts-50) Narryer Prospect · iron\_ore #### 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 factor: Exceptional concentrate grade \(69.88% Fe\) achieved from DTR test work, demonstrating very high quality product potential. - Positive factor: Very good mass recovery for the given head grade, indicating highly efficient beneficiation. - Positive factor: The test work provides strong confidence in the beneficiation characteristics of the Narryer Main mineralization. - Negative factor: 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 Recovery [Link to this fact](https://atlas-staging.minestarters.com/news/ahn-excellent-narryer-drilling-results--207a6864-2ee1-4890-b0ea-69533bd6b9e8#fact-metallurgical-facts-51) Narryer Prospect · iron\_ore #### 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 factor: Exceptional concentrate grade \(65.96% Fe\) achieved from DTR test work, demonstrating high quality product potential. - Positive factor: Very good mass recovery for the given head grade, indicating highly efficient beneficiation. - Positive factor: The test work provides confidence in the beneficiation characteristics of the Narryer Main mineralization. - Negative factor: 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 Recovery [Link to this fact](https://atlas-staging.minestarters.com/news/ahn-excellent-narryer-drilling-results--207a6864-2ee1-4890-b0ea-69533bd6b9e8#fact-metallurgical-facts-52) Narryer Prospect · iron\_ore #### 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 factor: Exceptional concentrate grade \(66.17% Fe\) achieved from DTR test work, demonstrating high quality product potential. - Positive factor: Very good mass recovery for the given head grade, indicating highly efficient beneficiation. - Positive factor: The test work provides strong confidence in the beneficiation characteristics of the Narryer Main mineralization. - Negative factor: 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.