# AKA: Quarterly Activities Report and Appendix 5B

Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/aka-quarterly-activities-report-and-appendix-5b--998b4d85-5f1f-4eb8-b144-b139e8c70ad3

Original source: https://www.asx.com.au/asx/v2/statistics/displayAnnouncement.do?display=pdf&idsId=03154389

Publisher: asx

Original announcement: 2026-10-19T21:43:00.000Z

Analysis by Minestarters Atlas

Atlas analysis published: 2026-10-19T22:14:56.571Z

Atlas analysis updated: 2026-10-19T22:14:56.571Z

- Company: Aureka Limited

- Ticker: AKA

- Exchange: ASX

- Region: Victoria

- Primary commodity: Gold

- Secondary commodities: Silver

- Document categories: Agreement transaction, Capital raise, Drill results, Resource update

- Extracted: 2026-10-19 22:14:57 UTC

Narrative sentiment: 0.80 · Bullish

## Minestarters Atlas summary

Aureka Limited reported a transformational quarter, highlighted by a binding agreement to acquire High Grade Holdings Pty Ltd, which owns the operating Fiddlers Creek gold-silver mine and Wedderburn gold processing mill in Victoria. This acquisition, funded by a successful $7.25 million capital raise, positions Aureka to transition from an explorer to a gold producer. The company also announced high-grade gold and silver drill intercepts at its Comstock and Irvine projects, expanding known mineralization and supporting future resource growth.

Reasoning: Aureka Limited announced a transformational acquisition of an operating gold-silver mine and processing mill, successfully raising capital to fund the transaction and ongoing activities. The company also reported new high-grade gold and silver drill intercepts that expand known mineralization at its Comstock and Irvine projects, indicating strong exploration success.

- Positive factor: Acquisition of operating mine and mill

- Positive factor: Successful capital raise

- Positive factor: High-grade drill intercepts

- Positive factor: Exploration success expanding mineralization

- Positive factor: Production licence application submitted

- Negative factor: Resource estimates are historical

- Negative factor: Fiddlers Creek drilling results are historical and true widths unconfirmed

- Negative factor: No intercept length provided for one high-grade drill result

Facts used in scoring: 26

## Classification and evidence

No classification tags are available.

## Extracted facts

Stored fact records: 22. Some facts used in scoring do not have a stored record.

## Drill Results (18)

### NED032

[Link to this fact](https://atlas-staging.minestarters.com/news/aka-quarterly-activities-report-and-appendix-5b--998b4d85-5f1f-4eb8-b144-b139e8c70ad3#fact-drill-facts-3)

St Arnaud Comstock Gold & · gold

#### Identity

- Hole ID: NED032
- Project: St Arnaud Comstock Gold &
- Commodity: gold
- Region: australia\_vic
- Reported Region: australia\_vic
- Ticker: AKA

#### Geometry

- Grade: 8.9
- Grade Unit: g/t
- Intercept: 4.4 m
- From: 102.8 m
- To: 107.2 m
- Intercept Depth: 102.8 m

#### Classification

- Deposit Type: orogenic
- Sample Type: drill
- Group ID: NED032:102.8-107.2
- Mining Method: open\_pit

#### QA/QC

- QP Signed: Yes

#### Deleterious

- Deleterious Flag: No

#### Metal Equivalent

- Assumptions Disclosed: No

#### Review

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

#### Dates

- Event date: 2026-10-19T00:00:00.000Z

Reasoning: This intercept shows strong gold grades over a good width, indicating significant mineralization at the Comstock project.

- Positive factor: Strong gold grade

- Positive factor: Significant intercept length

- Positive factor: Silver credit

Evidence · text

> Drill hole NED032 returned 4.4m at 8.9 g/t Au and 57.8 g/t Ag from 102.8m

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc\_disclosed is not true

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

#### Rejected tags

**Strong Intercept** — Rejected; excluded from scoring

Polarity: positive

Story-specific tag

Definition: No canonical definition is currently available.

Reason: Gold grade of 8.9 g/t is strong for an orogenic open pit deposit \(threshold >=2 g/t\).

Evidence · text

> 8.9 g/t Au

### NED032

[Link to this fact](https://atlas-staging.minestarters.com/news/aka-quarterly-activities-report-and-appendix-5b--998b4d85-5f1f-4eb8-b144-b139e8c70ad3#fact-drill-facts-4)

St Arnaud Comstock Gold & · gold

#### Identity

- Hole ID: NED032
- Project: St Arnaud Comstock Gold &
- Commodity: gold
- Region: australia\_vic
- Reported Region: australia\_vic
- Ticker: AKA

#### Geometry

- Grade: 65.3
- Grade Unit: g/t
- Intercept: 0.3 m

#### Classification

- Deposit Type: orogenic
- Sample Type: drill
- Mining Method: open\_pit

#### QA/QC

- QP Signed: Yes

#### Deleterious

- Deleterious Flag: No

#### Metal Equivalent

- Assumptions Disclosed: No

#### Review

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

#### Dates

- Event date: 2026-10-19T00:00:00.000Z

Reasoning: While the gold grade is bonanza, the very narrow width limits its overall materiality.

- Positive factor: Bonanza gold grade

- Negative factor: Very narrow intercept length

Evidence · text

> including 0.3m at 65.3 g/t Au

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc\_disclosed is not true

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

#### Rejected tags

**Bonanza Intercept** — Rejected; excluded from scoring

Polarity: positive

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

Reason: Gold grade of 65.3 g/t exceeds the exceptional threshold for orogenic open pit deposits \(>=5 g/t\).

Evidence · text

> 65.3 g/t Au

### NED035

[Link to this fact](https://atlas-staging.minestarters.com/news/aka-quarterly-activities-report-and-appendix-5b--998b4d85-5f1f-4eb8-b144-b139e8c70ad3#fact-drill-facts-5)

St Arnaud Comstock Gold & · gold

#### Identity

- Hole ID: NED035
- Project: St Arnaud Comstock Gold &
- Commodity: gold
- Region: australia\_vic
- Reported Region: australia\_vic
- Ticker: AKA

#### Geometry

- Grade: 5.78
- Grade Unit: g/t
- Intercept: 2.65 m
- From: 20.5 m
- To: 23.15 m
- Intercept Depth: 20.5 m

#### Classification

- Deposit Type: orogenic
- Sample Type: drill
- Group ID: NED035:20.5-23.15
- Mining Method: open\_pit

#### QA/QC

- QP Signed: Yes

#### Deleterious

- Deleterious Flag: No

#### Metal Equivalent

- Assumptions Disclosed: No

#### Review

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

#### Dates

- Event date: 2026-10-19T00:00:00.000Z

Reasoning: This intercept shows strong gold grades at a shallow depth, which is positive for potential open-pit mining.

- Positive factor: Strong gold grade

- Positive factor: Shallow intercept

Evidence · text

> results from NED035 returned 2.65m at 5.78 g/t Au from 20.5m

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc\_disclosed is not true

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

#### Rejected tags

**Strong Intercept** — Rejected; excluded from scoring

Polarity: positive

Story-specific tag

Definition: No canonical definition is currently available.

Reason: Gold grade of 5.78 g/t is strong for an orogenic open pit deposit \(threshold >=2 g/t\).

Evidence · text

> 5.78 g/t Au

### NED035

[Link to this fact](https://atlas-staging.minestarters.com/news/aka-quarterly-activities-report-and-appendix-5b--998b4d85-5f1f-4eb8-b144-b139e8c70ad3#fact-drill-facts-6)

St Arnaud Comstock Gold & · gold

#### Identity

- Hole ID: NED035
- Project: St Arnaud Comstock Gold &
- Commodity: gold
- Region: australia\_vic
- Reported Region: australia\_vic
- Ticker: AKA

#### Geometry

- Grade: 34.2
- Grade Unit: g/t
- Intercept: 0.35 m
- From: 21.5 m
- To: 21.85 m
- Intercept Depth: 21.5 m

#### Classification

- Deposit Type: orogenic
- Sample Type: drill
- Group ID: NED035:21.5-21.85
- Mining Method: open\_pit

#### QA/QC

- QP Signed: Yes

#### Deleterious

- Deleterious Flag: No

#### Metal Equivalent

- Assumptions Disclosed: No

#### Review

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

#### Dates

- Event date: 2026-10-19T00:00:00.000Z

Reasoning: A very high-grade sub-interval, but its narrow width limits its overall impact.

- Positive factor: Bonanza gold grade

- Negative factor: Very narrow intercept length

Evidence · text

> including 0.35m at 34.2 g/t Au from 21.5m

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc\_disclosed is not true

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

#### Rejected tags

**Bonanza Intercept** — Rejected; excluded from scoring

Polarity: positive

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

Reason: Gold grade of 34.2 g/t exceeds the exceptional threshold for orogenic open pit deposits \(>=5 g/t\).

Evidence · text

> 34.2 g/t Au

### NED033

[Link to this fact](https://atlas-staging.minestarters.com/news/aka-quarterly-activities-report-and-appendix-5b--998b4d85-5f1f-4eb8-b144-b139e8c70ad3#fact-drill-facts-7)

St Arnaud Comstock Gold & · gold

#### Identity

- Hole ID: NED033
- Project: St Arnaud Comstock Gold &
- Commodity: gold
- Region: australia\_vic
- Reported Region: australia\_vic
- Ticker: AKA

#### Geometry

- Grade: 5.63
- Grade Unit: g/t
- Intercept: 1.9 m
- From: 56.5 m
- To: 58.4 m
- Intercept Depth: 56.5 m

#### Classification

- Deposit Type: orogenic
- Sample Type: drill
- Group ID: NED033:56.5-58.4
- Mining Method: open\_pit

#### QA/QC

- QP Signed: Yes

#### Deleterious

- Deleterious Flag: No

#### Metal Equivalent

- Assumptions Disclosed: No

#### Review

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

#### Dates

- Event date: 2026-10-19T00:00:00.000Z

Reasoning: This intercept shows strong gold grades, consistent with historical drilling in the Walkers Zone.

- Positive factor: Strong gold grade

Evidence · text

> NED033 returned 1.9m at 5.63 g/t Au from 56.5m

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc\_disclosed is not true

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

#### Rejected tags

**Strong Intercept** — Rejected; excluded from scoring

Polarity: positive

Story-specific tag

Definition: No canonical definition is currently available.

Reason: Gold grade of 5.63 g/t is strong for an orogenic open pit deposit \(threshold >=2 g/t\).

Evidence · text

> 5.63 g/t Au

### NED033

[Link to this fact](https://atlas-staging.minestarters.com/news/aka-quarterly-activities-report-and-appendix-5b--998b4d85-5f1f-4eb8-b144-b139e8c70ad3#fact-drill-facts-8)

St Arnaud Comstock Gold & · gold

#### Identity

- Hole ID: NED033
- Project: St Arnaud Comstock Gold &
- Commodity: gold
- Region: australia\_vic
- Reported Region: australia\_vic
- Ticker: AKA

#### Geometry

- Grade: 11.1
- Grade Unit: g/t
- Intercept: 0.9 m
- From: 56.5 m
- To: 57.4 m
- Intercept Depth: 56.5 m

#### Classification

- Deposit Type: orogenic
- Sample Type: drill
- Group ID: NED033:56.5-57.4
- Mining Method: open\_pit

#### QA/QC

- QP Signed: Yes

#### Deleterious

- Deleterious Flag: No

#### Metal Equivalent

- Assumptions Disclosed: No

#### Review

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

#### Dates

- Event date: 2026-10-19T00:00:00.000Z

Reasoning: An exceptional gold grade within a narrow sub-interval, contributing to the overall positive results.

- Positive factor: Exceptional gold grade

- Negative factor: Narrow intercept length

Evidence · text

> including 0.9m at 11.1 g/t Au from 56.5m

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc\_disclosed is not true

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

#### Rejected tags

**Exceptional Intercept** — Rejected; excluded from scoring

Polarity: positive

Story-specific tag

Definition: No canonical definition is currently available.

Reason: Gold grade of 11.1 g/t exceeds the exceptional threshold for orogenic open pit deposits \(>=5 g/t\).

Evidence · text

> 11.1 g/t Au

### RD058

[Link to this fact](https://atlas-staging.minestarters.com/news/aka-quarterly-activities-report-and-appendix-5b--998b4d85-5f1f-4eb8-b144-b139e8c70ad3#fact-drill-facts-9)

Irvine · gold

#### Identity

- Hole ID: RD058
- Project: Irvine
- Commodity: gold
- Region: australia\_vic
- Reported Region: australia\_vic
- Ticker: AKA

#### Geometry

- Grade: 4.74
- Grade Unit: g/t
- Intercept: 3.92 m
- From: 238.82 m
- To: 242.74 m
- Intercept Depth: 238.82 m

#### Classification

- Deposit Type: orogenic
- Sample Type: drill
- Group ID: RD058:238.82-242.74
- Mining Method: mixed

#### QA/QC

- QP Signed: Yes

#### Deleterious

- Deleterious Flag: No

#### Metal Equivalent

- Assumptions Disclosed: No

#### Review

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

#### Dates

- Event date: 2026-10-19T00:00:00.000Z

Reasoning: This intercept shows strong gold grades and indicates a newly identified mineralized structure, expanding the Irvine project's potential.

- Positive factor: Strong gold grade

- Positive factor: Significant intercept length

- Positive factor: Identified new mineralised structure

Evidence · text

> Drill hole RD058 intersected 3.92m at 4.74 g/t Au from 238.82m

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc\_disclosed is not true

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

#### Rejected tags

**Strong Intercept** — Rejected; excluded from scoring

Polarity: positive

Story-specific tag

Definition: No canonical definition is currently available.

Reason: Gold grade of 4.74 g/t is strong for an orogenic open pit deposit \(threshold >=2 g/t\).

Evidence · text

> 4.74 g/t Au

**Step-Out Extension** — Rejected; excluded from scoring

Polarity: positive

Definition: Mineralization extended beyond the previously known limit.

Reason: The intercept is associated with a newly identified mineralised structure below the Resolution Lode, indicating an extension.

Evidence · text

> newly identified mineralised structure below the Resolution Lode

### RD058

[Link to this fact](https://atlas-staging.minestarters.com/news/aka-quarterly-activities-report-and-appendix-5b--998b4d85-5f1f-4eb8-b144-b139e8c70ad3#fact-drill-facts-10)

Irvine · gold

#### Identity

- Hole ID: RD058
- Project: Irvine
- Commodity: gold
- Region: australia\_vic
- Reported Region: australia\_vic
- Ticker: AKA

#### Geometry

- Grade: 9.18
- Grade Unit: g/t
- Intercept: 0.72 m
- From: 238.82 m
- To: 239.54 m
- Intercept Depth: 238.82 m

#### Classification

- Deposit Type: orogenic
- Sample Type: drill
- Group ID: RD058:238.82-239.54
- Mining Method: mixed

#### QA/QC

- QP Signed: Yes

#### Deleterious

- Deleterious Flag: No

#### Metal Equivalent

- Assumptions Disclosed: No

#### Review

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

#### Dates

- Event date: 2026-10-19T00:00:00.000Z

Reasoning: An exceptional gold grade within a narrow sub-interval, contributing to the overall positive results and new structure identification.

- Positive factor: Exceptional gold grade

- Negative factor: Narrow intercept length

Evidence · text

> including 0.72m at 9.18 g/t Au from 238.82m

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc\_disclosed is not true

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

#### Rejected tags

**Exceptional Intercept** — Rejected; excluded from scoring

Polarity: positive

Story-specific tag

Definition: No canonical definition is currently available.

Reason: Gold grade of 9.18 g/t exceeds the exceptional threshold for orogenic open pit deposits \(>=5 g/t\).

Evidence · text

> 9.18 g/t Au

### RD058

[Link to this fact](https://atlas-staging.minestarters.com/news/aka-quarterly-activities-report-and-appendix-5b--998b4d85-5f1f-4eb8-b144-b139e8c70ad3#fact-drill-facts-11)

Irvine · gold

#### Identity

- Hole ID: RD058
- Project: Irvine
- Commodity: gold
- Region: australia\_vic
- Reported Region: australia\_vic
- Ticker: AKA

#### Geometry

- Grade: 16.1
- Grade Unit: g/t
- Intercept: 0.5 m
- From: 241.64 m
- To: 242.14 m
- Intercept Depth: 241.64 m

#### Classification

- Deposit Type: orogenic
- Sample Type: drill
- Group ID: RD058:241.64-242.14
- Mining Method: mixed

#### QA/QC

- QP Signed: Yes

#### Deleterious

- Deleterious Flag: No

#### Metal Equivalent

- Assumptions Disclosed: No

#### Review

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

#### Dates

- Event date: 2026-10-19T00:00:00.000Z

Reasoning: A bonanza gold grade within a very narrow sub-interval, further highlighting the high-grade nature of the new structure.

- Positive factor: Bonanza gold grade

- Negative factor: Very narrow intercept length

Evidence · text

> and 0.5m at 16.1 g/t Au from 241.64m

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc\_disclosed is not true

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

#### Rejected tags

**Bonanza Intercept** — Rejected; excluded from scoring

Polarity: positive

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

Reason: Gold grade of 16.1 g/t exceeds the exceptional threshold for orogenic open pit deposits \(>=5 g/t\).

Evidence · text

> 16.1 g/t Au

### RD054

[Link to this fact](https://atlas-staging.minestarters.com/news/aka-quarterly-activities-report-and-appendix-5b--998b4d85-5f1f-4eb8-b144-b139e8c70ad3#fact-drill-facts-12)

Irvine · gold

#### Identity

- Hole ID: RD054
- Project: Irvine
- Commodity: gold
- Region: australia\_vic
- Reported Region: australia\_vic
- Ticker: AKA

#### Geometry

- Grade: 9.44
- Grade Unit: g/t
- From: 155.1 m
- Intercept Depth: 155.1 m

#### Classification

- Deposit Type: orogenic
- Sample Type: drill
- Mining Method: mixed

#### QA/QC

- QP Signed: Yes

#### Deleterious

- Deleterious Flag: No

#### Metal Equivalent

- Assumptions Disclosed: No

#### Review

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

#### Dates

- Event date: 2026-10-19T00:00:00.000Z

Reasoning: An exceptional gold grade was intersected, but the lack of reported intercept length reduces confidence in its overall significance.

- Positive factor: Exceptional gold grade

- Negative factor: Intercept length not specified

Evidence · text

> up to 9.44 g/t Au at 155.1m

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc\_disclosed is not true

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

#### Rejected tags

**Exceptional Intercept** — Rejected; excluded from scoring

Polarity: positive

Story-specific tag

Definition: No canonical definition is currently available.

Reason: Gold grade of 9.44 g/t exceeds the exceptional threshold for orogenic open pit deposits \(>=5 g/t\).

Evidence · text

> 9.44 g/t Au

### EH002

[Link to this fact](https://atlas-staging.minestarters.com/news/aka-quarterly-activities-report-and-appendix-5b--998b4d85-5f1f-4eb8-b144-b139e8c70ad3#fact-drill-facts-13)

Irvine · gold

#### Identity

- Hole ID: EH002
- Project: Irvine
- Commodity: gold
- Region: australia\_vic
- Reported Region: australia\_vic
- Ticker: AKA

#### Geometry

- Grade: 3.84
- Grade Unit: g/t
- Intercept: 0.9 m
- From: 145.9 m
- To: 146.8 m
- Intercept Depth: 145.9 m

#### Classification

- Deposit Type: orogenic
- Sample Type: drill
- Group ID: EH002:145.9-146.8
- Mining Method: mixed

#### QA/QC

- QP Signed: Yes

#### Deleterious

- Deleterious Flag: No

#### Metal Equivalent

- Assumptions Disclosed: No

#### Review

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

#### Dates

- Event date: 2026-10-19T00:00:00.000Z

Reasoning: This intercept, while narrow, is significant as it represents first-time mineralization in a previously under-drilled gap area, indicating potential for expansion.

- Positive factor: Moderate gold grade

- Positive factor: First-time mineralization in gap area

- Negative factor: Narrow intercept length

Evidence · text

> 0.9m at 3.84 g/t Au from 145.9m \(EH002\)

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc\_disclosed is not true

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

#### Rejected tags

**Moderate Intercept** — Rejected; excluded from scoring

Polarity: positive

Story-specific tag

Definition: No canonical definition is currently available.

Reason: Gold grade of 3.84 g/t is moderate for an orogenic open pit deposit \(threshold >=1 g/t\).

Evidence · text

> 3.84 g/t Au

**Step-Out Extension** — Rejected; excluded from scoring

Polarity: positive

Definition: Mineralization extended beyond the previously known limit.

Reason: The intercept represents first-time significant mineralisation within the historically under-drilled 2km gap separating the Resolution and Adventure lodes.

Evidence · text

> first-time significant mineralisation within the historically under-drilled 2km gap separating the Resolution and Adventure lodes

### EH004

[Link to this fact](https://atlas-staging.minestarters.com/news/aka-quarterly-activities-report-and-appendix-5b--998b4d85-5f1f-4eb8-b144-b139e8c70ad3#fact-drill-facts-14)

Irvine · gold

#### Identity

- Hole ID: EH004
- Project: Irvine
- Commodity: gold
- Region: australia\_vic
- Reported Region: australia\_vic
- Ticker: AKA

#### Geometry

- Grade: 1.34
- Grade Unit: g/t
- Intercept: 2.25 m
- From: 90.7 m
- To: 92.95 m
- Intercept Depth: 90.7 m

#### Classification

- Deposit Type: orogenic
- Sample Type: drill
- Group ID: EH004:90.7-92.95
- Mining Method: mixed

#### QA/QC

- QP Signed: Yes

#### Deleterious

- Deleterious Flag: No

#### Metal Equivalent

- Assumptions Disclosed: No

#### Review

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

#### Dates

- Event date: 2026-10-19T00:00:00.000Z

Reasoning: This intercept, while moderate grade, is important for establishing mineralization in the under-drilled gap between lodes.

- Positive factor: Moderate gold grade

- Positive factor: First-time mineralization in gap area

Evidence · text

> 2.25m at 1.34 g/t Au from 90.7m \(EH004\)

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc\_disclosed is not true

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

#### Rejected tags

**Moderate Intercept** — Rejected; excluded from scoring

Polarity: positive

Story-specific tag

Definition: No canonical definition is currently available.

Reason: Gold grade of 1.34 g/t is moderate for an orogenic open pit deposit \(threshold >=1 g/t\).

Evidence · text

> 1.34 g/t Au

**Step-Out Extension** — Rejected; excluded from scoring

Polarity: positive

Definition: Mineralization extended beyond the previously known limit.

Reason: The intercept represents first-time significant mineralisation within the historically under-drilled 2km gap separating the Resolution and Adventure lodes.

Evidence · text

> first-time significant mineralisation within the historically under-drilled 2km gap separating the Resolution and Adventure lodes

### EH001

[Link to this fact](https://atlas-staging.minestarters.com/news/aka-quarterly-activities-report-and-appendix-5b--998b4d85-5f1f-4eb8-b144-b139e8c70ad3#fact-drill-facts-15)

Irvine · gold

#### Identity

- Hole ID: EH001
- Project: Irvine
- Commodity: gold
- Region: australia\_vic
- Reported Region: australia\_vic
- Ticker: AKA

#### Geometry

- Grade: 3.98
- Grade Unit: g/t
- Intercept: 1 m
- From: 258 m
- To: 259 m
- Intercept Depth: 258 m

#### Classification

- Deposit Type: orogenic
- Sample Type: drill
- Group ID: EH001:258-259
- Mining Method: mixed

#### QA/QC

- QP Signed: Yes

#### Deleterious

- Deleterious Flag: No

#### Metal Equivalent

- Assumptions Disclosed: No

#### Review

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

#### Dates

- Event date: 2026-10-19T00:00:00.000Z

Reasoning: This intercept, while narrow, is important for establishing mineralization in the under-drilled gap between lodes.

- Positive factor: Moderate gold grade

- Positive factor: First-time mineralization in gap area

- Negative factor: Narrow intercept length

Evidence · text

> 1.0m at 3.98 g/t Au from 258m \(EH001\)

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc\_disclosed is not true

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

#### Rejected tags

**Moderate Intercept** — Rejected; excluded from scoring

Polarity: positive

Story-specific tag

Definition: No canonical definition is currently available.

Reason: Gold grade of 3.98 g/t is moderate for an orogenic open pit deposit \(threshold >=1 g/t\).

Evidence · text

> 3.98 g/t Au

**Step-Out Extension** — Rejected; excluded from scoring

Polarity: positive

Definition: Mineralization extended beyond the previously known limit.

Reason: The intercept represents first-time significant mineralisation within the historically under-drilled 2km gap separating the Resolution and Adventure lodes.

Evidence · text

> first-time significant mineralisation within the historically under-drilled 2km gap separating the Resolution and Adventure lodes

### FKH08

[Link to this fact](https://atlas-staging.minestarters.com/news/aka-quarterly-activities-report-and-appendix-5b--998b4d85-5f1f-4eb8-b144-b139e8c70ad3#fact-drill-facts-16)

Fiddlers Creek · gold

Historical result

Needs review: historical\_restatement

#### Identity

- Hole ID: FKH08
- Project: Fiddlers Creek
- Commodity: gold
- Region: australia\_vic
- Reported Region: australia\_vic
- Ticker: AKA

#### Geometry

- Grade: 40.48
- Grade Unit: g/t
- Intercept: 1.19 m

#### Classification

- Deposit Type: orogenic
- Sample Type: drill
- Mining Method: underground

#### QA/QC

- QP Signed: Yes

#### Deleterious

- Deleterious Flag: No

#### Metal Equivalent

- Assumptions Disclosed: No

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Interp. Status: scored
- Historical: Yes

#### Dates

- Event date: 2026-10-19T00:00:00.000Z

Reasoning: This historical bonanza-grade intercept highlights the potential of the Fiddlers Creek project and is being used to target new drilling, but its true width is unconfirmed.

- Positive factor: Bonanza gold grade

- Positive factor: Highlights potential for new drilling

- Negative factor: Historical result

- Negative factor: True width unconfirmed

- Negative factor: Narrow intercept length

Evidence · text

> 1.19m at 40.48 g/t Au \(FKH08\)

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc\_disclosed is not true

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

**Stale Data Re-release**

Polarity: negative

Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

#### Rejected tags

**Bonanza Intercept** — Rejected; excluded from scoring

Polarity: positive

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

Reason: Gold grade of 40.48 g/t exceeds the exceptional threshold for orogenic underground deposits \(>=15 g/t\).

Evidence · text

> 40.48 g/t Au

### FDDH008

[Link to this fact](https://atlas-staging.minestarters.com/news/aka-quarterly-activities-report-and-appendix-5b--998b4d85-5f1f-4eb8-b144-b139e8c70ad3#fact-drill-facts-17)

Fiddlers Creek · gold

Historical result

Needs review: historical\_restatement

#### Identity

- Hole ID: FDDH008
- Project: Fiddlers Creek
- Commodity: gold
- Region: australia\_vic
- Reported Region: australia\_vic
- Ticker: AKA

#### Geometry

- Grade: 31.09
- Grade Unit: g/t
- Intercept: 1.57 m

#### Classification

- Deposit Type: orogenic
- Sample Type: drill
- Mining Method: underground

#### QA/QC

- QP Signed: Yes

#### Deleterious

- Deleterious Flag: No

#### Metal Equivalent

- Assumptions Disclosed: No

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Interp. Status: scored
- Historical: Yes

#### Dates

- Event date: 2026-10-19T00:00:00.000Z

Reasoning: This historical bonanza-grade intercept highlights the potential of the Fiddlers Creek project and is being used to target new drilling, but its true width is unconfirmed.

- Positive factor: Bonanza gold grade

- Positive factor: Highlights potential for new drilling

- Negative factor: Historical result

- Negative factor: True width unconfirmed

- Negative factor: Narrow intercept length

Evidence · text

> 1.57m at 31.09 g/t Au \(FDDH008\)

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc\_disclosed is not true

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

**Stale Data Re-release**

Polarity: negative

Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

#### Rejected tags

**Bonanza Intercept** — Rejected; excluded from scoring

Polarity: positive

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

Reason: Gold grade of 31.09 g/t exceeds the exceptional threshold for orogenic underground deposits \(>=15 g/t\).

Evidence · text

> 31.09 g/t Au

### FDDH012

[Link to this fact](https://atlas-staging.minestarters.com/news/aka-quarterly-activities-report-and-appendix-5b--998b4d85-5f1f-4eb8-b144-b139e8c70ad3#fact-drill-facts-18)

Fiddlers Creek · gold

Historical result

Needs review: historical\_restatement

#### Identity

- Hole ID: FDDH012
- Project: Fiddlers Creek
- Commodity: gold
- Region: australia\_vic
- Reported Region: australia\_vic
- Ticker: AKA

#### Geometry

- Grade: 21.21
- Grade Unit: g/t
- Intercept: 1.87 m

#### Classification

- Deposit Type: orogenic
- Sample Type: drill
- Mining Method: underground

#### QA/QC

- QP Signed: Yes

#### Deleterious

- Deleterious Flag: No

#### Metal Equivalent

- Assumptions Disclosed: No

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Interp. Status: scored
- Historical: Yes

#### Dates

- Event date: 2026-10-19T00:00:00.000Z

Reasoning: This historical bonanza-grade intercept highlights the potential of the Fiddlers Creek project and is being used to target new drilling, but its true width is unconfirmed.

- Positive factor: Bonanza gold grade

- Positive factor: Highlights potential for new drilling

- Negative factor: Historical result

- Negative factor: True width unconfirmed

- Negative factor: Narrow intercept length

Evidence · text

> 1.87m at 21.21 g/t Au \(FDDH012\)

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc\_disclosed is not true

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

**Stale Data Re-release**

Polarity: negative

Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

#### Rejected tags

**Bonanza Intercept** — Rejected; excluded from scoring

Polarity: positive

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

Reason: Gold grade of 21.21 g/t exceeds the exceptional threshold for orogenic underground deposits \(>=15 g/t\).

Evidence · text

> 21.21 g/t Au

### RD054

[Link to this fact](https://atlas-staging.minestarters.com/news/aka-quarterly-activities-report-and-appendix-5b--998b4d85-5f1f-4eb8-b144-b139e8c70ad3#fact-drill-facts-24)

Irvine · gold

#### Identity

- Hole ID: RD054
- Project: Irvine
- Commodity: gold
- Region: australia\_vic
- Reported Region: australia\_vic
- Ticker: AKA

#### Geometry

- Grade: 3.84
- Grade Unit: g/t
- Intercept: 0.9 m
- From: 145.9 m
- To: 146.8 m

#### Classification

- Deposit Type: orogenic
- Sample Type: drill

#### QA/QC

- QP Signed: Yes

#### Review

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

#### Dates

- Event date: 2026-10-19T00:00:00.000Z

Reasoning: An exceptional gold grade was intersected, but the lack of reported intercept length reduces confidence in its overall significance.

- Positive factor: Exceptional gold grade

- Negative factor: Intercept length not specified

Evidence · text

> 0.9m at 3.84 g/t Au from 145.9m

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc\_disclosed is not true

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

### RD054

[Link to this fact](https://atlas-staging.minestarters.com/news/aka-quarterly-activities-report-and-appendix-5b--998b4d85-5f1f-4eb8-b144-b139e8c70ad3#fact-drill-facts-25)

Irvine · gold

#### Identity

- Hole ID: RD054
- Project: Irvine
- Commodity: gold
- Region: australia\_vic
- Reported Region: australia\_vic
- Ticker: AKA

#### Geometry

- Grade: 1.34
- Grade Unit: g/t
- Intercept: 2.25 m
- From: 90.7 m
- To: 92.95 m

#### Classification

- Deposit Type: orogenic
- Sample Type: drill

#### QA/QC

- QP Signed: Yes

#### Review

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

#### Dates

- Event date: 2026-10-19T00:00:00.000Z

Reasoning: An exceptional gold grade was intersected, but the lack of reported intercept length reduces confidence in its overall significance.

- Positive factor: Exceptional gold grade

- Negative factor: Intercept length not specified

Evidence · text

> 2.25m at 1.34 g/t Au from 90.7m

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc\_disclosed is not true

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

## Resource Estimates (4)

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/aka-quarterly-activities-report-and-appendix-5b--998b4d85-5f1f-4eb8-b144-b139e8c70ad3#fact-resource-facts-20)

Irvine · gold

Historical result

Needs review: historical\_restatement

#### Identity

- Project: Irvine
- Commodity: gold
- Region: australia\_vic
- Reported Region: Victoria
- Ticker: AKA

#### Resource scope

- Estimate type: resource
- Reporting standards: jorc
- QP Signed: Yes
- Resource group id: resource:6adfd6150f8222b79eff
- Deposit or zone: Resolution Open Pit

#### Resource Data

- Category: inferred
- Tonnes: 1775000
- Grade: 2.16
- Grade Unit: g/t
- Contained Metal: 123000
- Contained Unit: oz
- Cutoff Grade: 0.5
- Cutoff Unit: g/t

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Historical: Yes
- Historical Source Date: 2026-06-18T00:00:00.000Z

#### Dates

- Event date: 2026-10-19T00:00:00.000Z

Reasoning: This is a previously reported Inferred resource for the Resolution Open Pit, contributing to the project's overall resource base but with lower geological confidence.

- Positive factor: Contributes to overall resource base

- Negative factor: Inferred category indicates lower confidence

- Negative factor: Historical estimate, not new

Evidence · table

> 1,775,000

Context: Resolution Open Pit

#### Tags used in scoring

**Inferred Resource**

Polarity: negative

Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: The resource is classified as Inferred, indicating lower geological confidence.

Evidence · table

> Inferred

Context: Resolution Open Pit

**Cut-off Disclosed**

Polarity: positive

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

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

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: qp\_signed is true

**JORC Compliant**

Polarity: positive

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

Why it applies: reporting\_standards includes jorc

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/aka-quarterly-activities-report-and-appendix-5b--998b4d85-5f1f-4eb8-b144-b139e8c70ad3#fact-resource-facts-21)

Irvine · gold

Historical result

Needs review: historical\_restatement

#### Identity

- Project: Irvine
- Commodity: gold
- Region: australia\_vic
- Reported Region: Victoria
- Ticker: AKA

#### Resource scope

- Estimate type: resource
- Reporting standards: jorc
- QP Signed: Yes
- Resource group id: resource:afcf7a477ab65dae4bd3
- Deposit or zone: Adventure Open Pit

#### Resource Data

- Category: inferred
- Tonnes: 680000
- Grade: 1.85
- Grade Unit: g/t
- Contained Metal: 40300
- Contained Unit: oz
- Cutoff Grade: 0.6
- Cutoff Unit: g/t

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Historical: Yes
- Historical Source Date: 2026-06-18T00:00:00.000Z

#### Dates

- Event date: 2026-10-19T00:00:00.000Z

Reasoning: This is a previously reported Inferred resource for the Adventure Open Pit, contributing to the project's overall resource base but with lower geological confidence.

- Positive factor: Contributes to overall resource base

- Negative factor: Inferred category indicates lower confidence

- Negative factor: Historical estimate, not new

Evidence · table

> 680,000

Context: Adventure Open Pit

#### Tags used in scoring

**Inferred Resource**

Polarity: negative

Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: The resource is classified as Inferred, indicating lower geological confidence.

Evidence · table

> Inferred

Context: Adventure Open Pit

**Cut-off Disclosed**

Polarity: positive

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

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

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: qp\_signed is true

**JORC Compliant**

Polarity: positive

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

Why it applies: reporting\_standards includes jorc

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/aka-quarterly-activities-report-and-appendix-5b--998b4d85-5f1f-4eb8-b144-b139e8c70ad3#fact-resource-facts-22)

Irvine · gold

Historical result

Needs review: historical\_restatement

#### Identity

- Project: Irvine
- Commodity: gold
- Region: australia\_vic
- Reported Region: Victoria
- Ticker: AKA

#### Resource scope

- Estimate type: resource
- Reporting standards: jorc
- QP Signed: Yes
- Resource group id: resource:d893e2bedf0680da7e05
- Deposit or zone: Resolution Underground

#### Resource Data

- Category: inferred
- Tonnes: 2335000
- Grade: 3.13
- Grade Unit: g/t
- Contained Metal: 235000
- Contained Unit: oz
- Cutoff Grade: 1
- Cutoff Unit: g/t

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Historical: Yes
- Historical Source Date: 2026-06-18T00:00:00.000Z

#### Dates

- Event date: 2026-10-19T00:00:00.000Z

Reasoning: This is a previously reported Inferred resource for the Resolution Underground, contributing to the project's overall resource base but with lower geological confidence.

- Positive factor: Contributes to overall resource base

- Negative factor: Inferred category indicates lower confidence

- Negative factor: Historical estimate, not new

Evidence · table

> 2,335,000

Context: Resolution Underground

#### Tags used in scoring

**Inferred Resource**

Polarity: negative

Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: The resource is classified as Inferred, indicating lower geological confidence.

Evidence · table

> Inferred

Context: Resolution Underground

**Cut-off Disclosed**

Polarity: positive

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

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

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: qp\_signed is true

**JORC Compliant**

Polarity: positive

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

Why it applies: reporting\_standards includes jorc

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/aka-quarterly-activities-report-and-appendix-5b--998b4d85-5f1f-4eb8-b144-b139e8c70ad3#fact-resource-facts-23)

St Arnaud Comstock Gold & Silver Project · gold

Historical result

Needs review: historical\_restatement

#### Identity

- Project: St Arnaud Comstock Gold & Silver Project
- Commodity: gold
- Region: australia\_vic
- Reported Region: Victoria
- Ticker: AKA

#### Resource scope

- Estimate type: resource
- Reporting standards: jorc
- QP Signed: Yes
- Resource group id: resource:8dda23ae19254e0104da
- Deposit or zone: Comstock

#### Resource Data

- Category: inferred
- Tonnes: 1450000
- Grade: 1.21
- Grade Unit: g/t
- Contained Metal: 56500
- Contained Unit: oz
- Cutoff Grade: 0.5
- Cutoff Unit: g/t

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Historical: Yes
- Historical Source Date: 2025-06-13T00:00:00.000Z

#### Dates

- Event date: 2026-10-19T00:00:00.000Z

Reasoning: This is a previously reported Inferred resource for the Comstock project, contributing to the project's overall resource base but with lower geological confidence.

- Positive factor: Contributes to overall resource base

- Negative factor: Inferred category indicates lower confidence

- Negative factor: Historical estimate, not new

Evidence · table

> 1,450,000

Context: Comstock \(St Arnaud\)

#### Tags used in scoring

**Inferred Resource**

Polarity: negative

Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: The resource is classified as Inferred, indicating lower geological confidence.

Evidence · table

> Inferred

Context: Comstock \(St Arnaud\)

**Cut-off Disclosed**

Polarity: positive

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

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

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: qp\_signed is true

**JORC Compliant**

Polarity: positive

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

Why it applies: reporting\_standards includes jorc

## How Atlas produces this analysis

Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.