# AM5: Annual Report to shareholders

Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/am5-annual-report-to-shareholders--1c15d46f-09c8-4396-98b2-1ad93724387a

Original source: https://www.asx.com.au/asx/v2/statistics/displayAnnouncement.do?display=pdf&idsId=03146349

Publisher: asx

Original announcement: 2026-09-30T06:07:00.000Z

Analysis by Minestarters Atlas

Atlas analysis published: 2026-09-30T07:31:20.372Z

Atlas analysis updated: 2026-09-30T07:31:20.372Z

- Company: Antares Metals Limited

- Ticker: AM5

- Exchange: ASX

- Region: Unavailable

- Primary commodity: Gold

- Secondary commodities: Copper, Uranium, Silver, Zinc

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

- Extracted: 2026-09-30 07:31:21 UTC

Narrative sentiment: 0.60 · Bullish

## Minestarters Atlas summary

Antares Metals Limited reported a highly active 2026 financial year, marked by new copper and uranium discoveries at Mt Isa North, successful maiden uranium drilling at Queens Gift, and high-grade gold rock chip results at the newly acquired Quinns Project. The company also completed two project acquisitions in Western Australia and raised $2.0 million, with a further $2.57 million placement post-period, to fund its expanded exploration programs.

Reasoning: Antares Metals Limited reported a highly active and successful exploration year with multiple new high-grade copper, gold, and uranium discoveries, significant maiden drilling results, and strategic project acquisitions, supported by capital raises and government funding, despite some early-stage drilling not meeting expectations and the inherent risks of an exploration company.

- Positive factor: New copper discoveries at Cromwell, Startle, and Astound with high-grade rock chip results.

- Positive factor: Successful maiden uranium drilling at Queens Gift intersecting targeted mineralization.

- Positive factor: Expanded uranium target pipeline with new high-grade surface results.

- Positive factor: Acquisition of two Western Australian gold and base metals projects \(Quinns and Katanning\).

- Positive factor: High-grade gold rock chip results at the newly acquired Quinns Project, defining priority drill targets.

- Positive factor: Secured non-dilutive government co-funding for drilling at Quinns.

- Positive factor: Successful capital raises providing funding for expanded exploration programs.

- Negative factor: Maiden drilling at Conglomerate Creek did not match surface tenor, indicating early-stage uncertainty.

- Negative factor: Historical resource estimates \(Austin VMS, Queens Gift\) are not JORC 2012 compliant, requiring further work.

- Negative factor: Carlingup Project placed on care and watch due to subdued nickel and lithium prices, with no exploration undertaken.

- Negative factor: Ongoing reliance on capital raises to fund exploration activities, typical for an exploration company.

Facts used in scoring: 59

## Classification and evidence

**Bonanza Intercept**

Polarity: positive

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

Why it applies: Rock chip samples at Cromwell returned exceptionally high copper grades up to 22.5% Cu, indicating bonanza mineralization.

Evidence · text

> rock chips up to 22.5% Cu

**Bonanza Intercept**

Polarity: positive

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

Why it applies: Rock chip samples at Startle returned exceptionally high copper grades up to 27.0% Cu, indicating bonanza mineralization.

Evidence · text

> up to 27.0% Cu \(ASR0175\)

**Bonanza Intercept**

Polarity: positive

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

Why it applies: Surface samples at Conglomerate Creek Target 2 returned exceptionally high copper grades up to 21.30% Cu, indicating bonanza mineralization.

Evidence · text

> Peak surface results were 21.30% Cu

**Bonanza Intercept**

Polarity: positive

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

Why it applies: Surface samples at Conglomerate Creek Target 2 returned exceptionally high silver grades up to 506 g/t Ag, indicating bonanza mineralization.

Evidence · text

> 506g/t Ag from the 220m Target 2 vein system \(ASR0195\)

**Bonanza Intercept**

Polarity: positive

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

Why it applies: Surface samples at Conglomerate Creek Target 5 returned exceptionally high copper grades up to 22.0% Cu, indicating bonanza mineralization.

Evidence · text

> 22.0% Cu

**Bonanza Intercept**

Polarity: positive

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

Why it applies: Surface samples at Conglomerate Creek Target 5 returned exceptionally high silver grades up to 394 g/t Ag, indicating bonanza mineralization.

Evidence · text

> 394g/t Ag \(see Figure 9\) from the 450m Target 5 vein system \(ASR0051\)

**Bonanza Intercept**

Polarity: positive

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

Why it applies: Maiden drilling at Queens Gift intersected 8m @ 1,288ppm U₃O₈, which is an exceptionally high uranium grade.

Evidence · text

> AQD002 including 8m 1,288ppm U₃O₈ within the above

**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 Queens Gift drill intercepts are reported as downhole widths, and true widths have not been determined.

Evidence · text

> Intercepts are downhole widths. True widths have not been determined.

**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 Conglomerate Creek drill intercept is reported as downhole width, and true widths have not been determined.

Evidence · text

> Intercepts are downhole widths. True widths have not been determined.

**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 Surprise Mine drill intercepts are reported as downhole widths, and true widths have not been determined.

Evidence · text

> Intercepts are downhole widths. True widths have not been determined.

**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 Marvel drill intercepts are reported as downhole widths, and true widths have not been determined.

Evidence · text

> Intercepts are downhole widths. True widths have not been determined.

**Bonanza Intercept**

Polarity: positive

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

Why it applies: Rock chip samples at Finlay returned exceptionally high gold grades up to 41.7 g/t Au, indicating bonanza mineralization.

Evidence · text

> Finlay returned 41.7g/t Au \(QURK048\)

**Bonanza Intercept**

Polarity: positive

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

Why it applies: Rock chip samples at Fennell returned exceptionally high gold grades up to 15.93 g/t Au, indicating bonanza mineralization.

Evidence · text

> Fennell returned 15.93g/t Au \(QURK033\)

**Bonanza Intercept**

Polarity: positive

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

Why it applies: Rock chip samples at Fennell returned exceptionally high gold grades up to 65.20 g/t Au, indicating bonanza mineralization.

Evidence · text

> up to 65.20g/t Au at Fennell \(QURK116\)

**Bonanza Intercept**

Polarity: positive

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

Why it applies: Rock chip assays at Skevi returned exceptionally high uranium grades up to 5,584 ppm U₃O₈, indicating bonanza mineralization.

Evidence · text

> rock chip assays to 4,735ppm U \(5,584ppm U₃O₈\)

**Historical Estimate Only**

Polarity: negative

Story-specific tag

Definition: Estimate pre-dates or does not comply with current JORC/NI 43-101 standards — requires verification drilling.

Why it applies: The Austin VMS deposit carries a historical Mineral Resource estimate reported under the JORC Code 2004, with insufficient work performed to classify it under JORC 2012.

Evidence · text

> Austin copper-zinc-gold-silver VMS deposit, which carries a historical Mineral Resource estimate of 1.48 million tonnes at 1.02% Cu, 1.39% Zn, 3.51g/t Ag and 0.24g/t Au reported under the JORC Code 2004.

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: The historical Mineral Resource estimate for Austin VMS does not disclose the cut-off grade used in this document.

Evidence · text

> Austin copper-zinc-gold-silver VMS deposit, which carries a historical Mineral Resource estimate of 1.48 million tonnes at 1.02% Cu, 1.39% Zn, 3.51g/t Ag and 0.24g/t Au reported under the JORC Code 2004.

**Historical Estimate Only**

Polarity: negative

Story-specific tag

Definition: Estimate pre-dates or does not comply with current JORC/NI 43-101 standards — requires verification drilling.

Why it applies: The Queens Gift deposit hosts a historical Mineral Resource of 1.7Mlb U₃O₈ reported under the 2004 edition of the JORC Code, with insufficient work performed to classify it under JORC 2012.

Evidence · text

> Queens Gift hosts a historical Mineral Resource of 1.7Mlb U₃O₈ at 330ppm U₃O₈24, estimated and reported under the 2004 edition of the JORC Code.

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: The historical Mineral Resource estimate for Queens Gift does not disclose the cut-off grade used in this document.

Evidence · text

> Queens Gift hosts a historical Mineral Resource of 1.7Mlb U₃O₈ at 330ppm U₃O₈24, estimated and reported under the 2004 edition of the JORC Code.

**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 Mineral Resource information has been compiled or prepared by Mr Andrew Weeks, a Fellow of the AusIMM, who qualifies as a Competent Person as defined in JORC Code \(2012 Edition\).

Evidence · text

> Information relating to the Mineral Resources has been compiled or prepared by Mr Andrew Weeks, Principal of 2020 Resources Pty Ltd and a Fellow of the Australian Institute of Mining and Metallurgy. Mr Weeks has sufficient relevant experience to the styles of mineralisation and types of deposits under consideration and to the activity for which he is undertaking to qualify as a Competent Person as defined in JORC Code \(2012 Edition\).

**JORC Compliant**

Polarity: positive

Story-specific tag

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

Why it applies: The Mineral Resource information has been compiled or prepared by a Competent Person as defined in JORC Code \(2012 Edition\).

Evidence · text

> Information relating to the Mineral Resources has been compiled or prepared by Mr Andrew Weeks, Principal of 2020 Resources Pty Ltd and a Fellow of the Australian Institute of Mining and Metallurgy. Mr Weeks has sufficient relevant experience to the styles of mineralisation and types of deposits under consideration and to the activity for which he is undertaking to qualify as a Competent Person as defined in JORC Code \(2012 Edition\).

**Tonnage Growth**

Polarity: positive

Story-specific tag

Definition: Significant tonnage increase \(≥15%\) vs prior estimate with grade maintained or improved.

Why it applies: The company acquired 100% interest in the Quinns and Katanning Projects, expanding its mineral exploration portfolio.

Evidence · text

> Two Western Australian gold projects acquired: The Quinns Gold and Copper-Zinc VMS Project in the Murchison and the Katanning Gold Project in the southern Yilgarn Craton, both completed on 31 January 2026 and both 100% owned

**Dilution**

Polarity: negative

Story-specific tag

Definition: No canonical definition is currently available.

Why it applies: The $2.0 million placement involved issuing 250 million shares at $0.008, which represented an 11.1% discount to the last closing price and a 16.1% discount to the 15-day VWAP, indicating dilution for existing shareholders.

Evidence · text

> $2.0 million placement completed: 250 million shares issued at $0.008 across two tranches

**Dilution**

Polarity: negative

Story-specific tag

Definition: No canonical definition is currently available.

Why it applies: The post-year end $2.57 million placement involved issuing 514,025,723 new shares at $0.005 per share, indicating further dilution for existing shareholders.

Evidence · text

> secured $2.57 million under a two-tranche Placement to professional and sophisticated investors. The Placement comprises of 514,025,723 new fully paid ordinary shares at an issue price of $0.005 per share.

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: The Katanning Gold Project is situated along strike from Ausgold Limited’s Katanning Gold Project, with regional geophysics indicating potential extensions into Antares' licences.

Evidence · text

> Katanning Gold Project... situated along strike from Ausgold Limited’s \(ASX: AUC\) Katanning Gold Project

**Step-Out Extension**

Polarity: positive

Definition: Mineralization extended beyond the previously known limit.

Why it applies: Phase 2 RC drilling at Surprise Mine prospect confirmed a new extensional zone 200m along strike from the historic workings.

Evidence · text

> Phase 2 RC drilling at the Surprise Mine prospect confirmed a new extensional zone 200m along strike from the historic workings

**Category Upgrade**

Polarity: positive

Story-specific tag

Definition: Resource confidence improved — Inferred upgraded to Indicated, or Indicated to Measured. De-risking signal.

Why it applies: The company is progressing the Queens Gift Mineral Resource estimate to JORC 2012 compliance using the maiden drilling data.

Evidence · text

> Progressing the Queens Gift Mineral Resource estimate to JORC 2012 compliance using the maiden drilling data

## Extracted facts

Stored fact records: 59. Some facts used in scoring do not have a stored record.

## Drill Results (54)

### Fact 1

[Link to this fact](https://atlas-staging.minestarters.com/news/am5-annual-report-to-shareholders--1c15d46f-09c8-4396-98b2-1ad93724387a#fact-drill-facts-0)

Mt Isa North Copper-Uranium · copper

#### Identity

- Project: Mt Isa North Copper-Uranium
- Commodity: copper
- Region: australia\_qld
- Reported Region: australia\_qld
- Ticker: AM5

#### Geometry

- Grade: 22.5
- Grade Unit: %

#### Classification

- Sample Type: surface

#### Location

- Location: Cromwell
- Loc. Source: document

#### QA/QC

- QA/QC Disclosed: Yes

#### Review

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

#### Dates

- Event date: 2026-09-30T00:00:00.000Z

Reasoning: High-grade copper rock chip result from a new district-scale discovery, indicating significant exploration potential.

- Positive factor: Exceptional copper grade from rock chip samples, indicating high-grade mineralization.

- Negative factor: Rock chip samples are selective and may not be representative of broader mineralization.

Evidence · text

> rock chips up to 22.5% Cu

#### 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

**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

### Fact 2

[Link to this fact](https://atlas-staging.minestarters.com/news/am5-annual-report-to-shareholders--1c15d46f-09c8-4396-98b2-1ad93724387a#fact-drill-facts-1)

Mt Isa North Copper-Uranium · copper

#### Identity

- Project: Mt Isa North Copper-Uranium
- Commodity: copper
- Region: australia\_qld
- Reported Region: australia\_qld
- Ticker: AM5

#### Geometry

- Grade: 20.5
- Grade Unit: %

#### Classification

- Sample Type: surface

#### Location

- Location: Cromwell
- Loc. Source: document

#### QA/QC

- QA/QC Disclosed: Yes

#### Review

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

#### Dates

- Event date: 2026-09-30T00:00:00.000Z

Reasoning: Additional high-grade copper rock chip result from the Cromwell discovery, extending the mineralized zone.

- Positive factor: Strong copper grade from rock chip samples, extending the known mineralization.

- Negative factor: Rock chip samples are selective and may not be representative of broader mineralization.

Evidence · text

> up to 20.5% Cu

#### 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

**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

### Fact 3

[Link to this fact](https://atlas-staging.minestarters.com/news/am5-annual-report-to-shareholders--1c15d46f-09c8-4396-98b2-1ad93724387a#fact-drill-facts-2)

Mt Isa North Copper-Uranium · copper

#### Identity

- Project: Mt Isa North Copper-Uranium
- Commodity: copper
- Region: australia\_qld
- Reported Region: australia\_qld
- Ticker: AM5

#### Geometry

- Grade: 27
- Grade Unit: %

#### Classification

- Sample Type: surface

#### Location

- Location: Startle
- Loc. Source: document

#### QA/QC

- QA/QC Disclosed: Yes

#### Review

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

#### Dates

- Event date: 2026-09-30T00:00:00.000Z

Reasoning: Bonanza copper grade from rock chip samples at the Startle prospect, highlighting significant potential.

- Positive factor: Exceptionally high copper grade from rock chip samples, indicating bonanza mineralization.

- Negative factor: Rock chip samples are selective and may not be representative of broader mineralization.

Evidence · text

> up to 27.0% Cu \(ASR0175\)

#### 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

**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

### Fact 4

[Link to this fact](https://atlas-staging.minestarters.com/news/am5-annual-report-to-shareholders--1c15d46f-09c8-4396-98b2-1ad93724387a#fact-drill-facts-3)

Mt Isa North Copper-Uranium · gold

#### Identity

- Project: Mt Isa North Copper-Uranium
- Commodity: gold
- Region: australia\_qld
- Reported Region: australia\_qld
- Ticker: AM5

#### Geometry

- Grade: 2.66
- Grade Unit: g/t

#### Classification

- Sample Type: surface

#### Location

- Location: Startle
- Loc. Source: document

#### QA/QC

- QA/QC Disclosed: Yes

#### Review

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

#### Dates

- Event date: 2026-09-30T00:00:00.000Z

Reasoning: High-grade gold rock chip result alongside copper, suggesting polymetallic mineralization at Startle.

- Positive factor: Strong gold grade accompanying high copper, indicating polymetallic potential.

- Negative factor: Rock chip samples are selective and may not be representative of broader mineralization.

Evidence · text

> 2.66g/t Au

#### 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

**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

### Fact 5

[Link to this fact](https://atlas-staging.minestarters.com/news/am5-annual-report-to-shareholders--1c15d46f-09c8-4396-98b2-1ad93724387a#fact-drill-facts-4)

Mt Isa North Copper-Uranium · silver

#### Identity

- Project: Mt Isa North Copper-Uranium
- Commodity: silver
- Region: australia\_qld
- Reported Region: australia\_qld
- Ticker: AM5

#### Geometry

- Grade: 31
- Grade Unit: g/t

#### Classification

- Sample Type: surface

#### Location

- Location: Startle
- Loc. Source: document

#### QA/QC

- QA/QC Disclosed: Yes

#### Review

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

#### Dates

- Event date: 2026-09-30T00:00:00.000Z

Reasoning: Notable silver grade from rock chip samples, contributing to the polymetallic nature of the Startle prospect.

- Positive factor: Significant silver grade accompanying high copper and gold, indicating polymetallic potential.

- Negative factor: Rock chip samples are selective and may not be representative of broader mineralization.

Evidence · text

> 31g/t Ag

#### 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

**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

### Fact 6

[Link to this fact](https://atlas-staging.minestarters.com/news/am5-annual-report-to-shareholders--1c15d46f-09c8-4396-98b2-1ad93724387a#fact-drill-facts-5)

Mt Isa North Copper-Uranium · copper

#### Identity

- Project: Mt Isa North Copper-Uranium
- Commodity: copper
- Region: australia\_qld
- Reported Region: australia\_qld
- Ticker: AM5

#### Geometry

- Grade: 21.8
- Grade Unit: %

#### Classification

- Sample Type: surface

#### Location

- Location: Startle
- Loc. Source: document

#### QA/QC

- QA/QC Disclosed: Yes

#### Review

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

#### Dates

- Event date: 2026-09-30T00:00:00.000Z

Reasoning: High-grade copper rock chip result at Startle, further confirming the prospect's potential.

- Positive factor: Exceptional copper grade from rock chip samples, confirming high-grade mineralization.

- Negative factor: Rock chip samples are selective and may not be representative of broader mineralization.

Evidence · text

> 21.8% Cu \(ASR0174\)

#### 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

**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

### Fact 7

[Link to this fact](https://atlas-staging.minestarters.com/news/am5-annual-report-to-shareholders--1c15d46f-09c8-4396-98b2-1ad93724387a#fact-drill-facts-6)

Mt Isa North Copper-Uranium · copper

#### Identity

- Project: Mt Isa North Copper-Uranium
- Commodity: copper
- Region: australia\_qld
- Reported Region: australia\_qld
- Ticker: AM5

#### Geometry

- Grade: 16.05
- Grade Unit: %

#### Classification

- Sample Type: surface

#### Location

- Location: Startle
- Loc. Source: document

#### QA/QC

- QA/QC Disclosed: Yes

#### Review

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

#### Dates

- Event date: 2026-09-30T00:00:00.000Z

Reasoning: Strong copper grade from rock chip samples at Startle, indicating significant mineralization.

- Positive factor: Strong copper grade from rock chip samples, indicating significant mineralization.

- Negative factor: Rock chip samples are selective and may not be representative of broader mineralization.

Evidence · text

> 16.05% Cu

#### 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

**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

### Fact 8

[Link to this fact](https://atlas-staging.minestarters.com/news/am5-annual-report-to-shareholders--1c15d46f-09c8-4396-98b2-1ad93724387a#fact-drill-facts-7)

Mt Isa North Copper-Uranium · gold

#### Identity

- Project: Mt Isa North Copper-Uranium
- Commodity: gold
- Region: australia\_qld
- Reported Region: australia\_qld
- Ticker: AM5

#### Geometry

- Grade: 2.66
- Grade Unit: g/t

#### Classification

- Sample Type: surface

#### Location

- Location: Startle
- Loc. Source: document

#### QA/QC

- QA/QC Disclosed: Yes

#### Review

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

#### Dates

- Event date: 2026-09-30T00:00:00.000Z

Reasoning: High-grade gold rock chip result alongside copper, suggesting polymetallic mineralization at Startle.

- Positive factor: Strong gold grade accompanying high copper, indicating polymetallic potential.

- Negative factor: Rock chip samples are selective and may not be representative of broader mineralization.

Evidence · text

> 2.66g/t Au

#### 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

**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

### Fact 9

[Link to this fact](https://atlas-staging.minestarters.com/news/am5-annual-report-to-shareholders--1c15d46f-09c8-4396-98b2-1ad93724387a#fact-drill-facts-8)

Mt Isa North Copper-Uranium · silver

#### Identity

- Project: Mt Isa North Copper-Uranium
- Commodity: silver
- Region: australia\_qld
- Reported Region: australia\_qld
- Ticker: AM5

#### Geometry

- Grade: 20.2
- Grade Unit: g/t

#### Classification

- Sample Type: surface

#### Location

- Location: Startle
- Loc. Source: document

#### QA/QC

- QA/QC Disclosed: Yes

#### Review

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

#### Dates

- Event date: 2026-09-30T00:00:00.000Z

Reasoning: Notable silver grade from rock chip samples, contributing to the polymetallic nature of the Startle prospect.

- Positive factor: Significant silver grade accompanying high copper and gold, indicating polymetallic potential.

- Negative factor: Rock chip samples are selective and may not be representative of broader mineralization.

Evidence · text

> 20.2g/t Ag \(ASR0179\)

#### 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

**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

### Fact 10

[Link to this fact](https://atlas-staging.minestarters.com/news/am5-annual-report-to-shareholders--1c15d46f-09c8-4396-98b2-1ad93724387a#fact-drill-facts-9)

Mt Isa North Copper-Uranium · copper

#### Identity

- Project: Mt Isa North Copper-Uranium
- Commodity: copper
- Region: australia\_qld
- Reported Region: australia\_qld
- Ticker: AM5

#### Geometry

- Grade: 12.9
- Grade Unit: %

#### Classification

- Sample Type: surface

#### Location

- Location: Astound
- Loc. Source: document

#### QA/QC

- QA/QC Disclosed: Yes

#### Review

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

#### Dates

- Event date: 2026-09-30T00:00:00.000Z

Reasoning: High-grade copper rock chip result from the Astound prospect, indicating significant mineralization.

- Positive factor: Strong copper grade from rock chip samples, indicating significant mineralization.

- Negative factor: Rock chip samples are selective and may not be representative of broader mineralization.

Evidence · text

> up to 12.9% Cu

#### 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

**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

### Fact 11

[Link to this fact](https://atlas-staging.minestarters.com/news/am5-annual-report-to-shareholders--1c15d46f-09c8-4396-98b2-1ad93724387a#fact-drill-facts-10)

Mt Isa North Copper-Uranium · silver

#### Identity

- Project: Mt Isa North Copper-Uranium
- Commodity: silver
- Region: australia\_qld
- Reported Region: australia\_qld
- Ticker: AM5

#### Geometry

- Grade: 31
- Grade Unit: g/t

#### Classification

- Sample Type: surface

#### Location

- Location: Astound
- Loc. Source: document

#### QA/QC

- QA/QC Disclosed: Yes

#### Review

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

#### Dates

- Event date: 2026-09-30T00:00:00.000Z

Reasoning: Notable silver grade from rock chip samples, contributing to the polymetallic nature of the Astound prospect.

- Positive factor: Significant silver grade accompanying high copper, indicating polymetallic potential.

- Negative factor: Rock chip samples are selective and may not be representative of broader mineralization.

Evidence · text

> 31.0g/t Ag

#### 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

**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

### Fact 12

[Link to this fact](https://atlas-staging.minestarters.com/news/am5-annual-report-to-shareholders--1c15d46f-09c8-4396-98b2-1ad93724387a#fact-drill-facts-11)

Mt Isa North Copper-Uranium · copper

#### Identity

- Project: Mt Isa North Copper-Uranium
- Commodity: copper
- Region: australia\_qld
- Reported Region: australia\_qld
- Ticker: AM5

#### Geometry

- Grade: 21.3
- Grade Unit: %

#### Classification

- Sample Type: surface

#### Location

- Location: Conglomerate Creek Target 2
- Loc. Source: document

#### QA/QC

- QA/QC Disclosed: Yes

#### Review

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

#### Dates

- Event date: 2026-09-30T00:00:00.000Z

Reasoning: Bonanza copper grade from surface samples at Conglomerate Creek Target 2, highlighting significant potential.

- Positive factor: Exceptionally high copper grade from surface samples, indicating bonanza mineralization.

- Negative factor: Surface samples are selective and may not be representative of broader mineralization.

Evidence · text

> 21.30% Cu

#### 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

**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

### Fact 13

[Link to this fact](https://atlas-staging.minestarters.com/news/am5-annual-report-to-shareholders--1c15d46f-09c8-4396-98b2-1ad93724387a#fact-drill-facts-12)

Mt Isa North Copper-Uranium · gold

#### Identity

- Project: Mt Isa North Copper-Uranium
- Commodity: gold
- Region: australia\_qld
- Reported Region: australia\_qld
- Ticker: AM5

#### Geometry

- Grade: 1.72
- Grade Unit: g/t

#### Classification

- Sample Type: surface

#### Location

- Location: Conglomerate Creek Target 2
- Loc. Source: document

#### QA/QC

- QA/QC Disclosed: Yes

#### Review

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

#### Dates

- Event date: 2026-09-30T00:00:00.000Z

Reasoning: Notable gold grade from surface samples, contributing to the polymetallic nature of Conglomerate Creek Target 2.

- Positive factor: Significant gold grade accompanying high copper, indicating polymetallic potential.

- Negative factor: Surface samples are selective and may not be representative of broader mineralization.

Evidence · text

> 1.72g/t Au

#### 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

**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

### Fact 14

[Link to this fact](https://atlas-staging.minestarters.com/news/am5-annual-report-to-shareholders--1c15d46f-09c8-4396-98b2-1ad93724387a#fact-drill-facts-13)

Mt Isa North Copper-Uranium · silver

#### Identity

- Project: Mt Isa North Copper-Uranium
- Commodity: silver
- Region: australia\_qld
- Reported Region: australia\_qld
- Ticker: AM5

#### Geometry

- Grade: 506
- Grade Unit: g/t

#### Classification

- Sample Type: surface

#### Location

- Location: Conglomerate Creek Target 2
- Loc. Source: document

#### QA/QC

- QA/QC Disclosed: Yes

#### Review

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

#### Dates

- Event date: 2026-09-30T00:00:00.000Z

Reasoning: Bonanza silver grade from surface samples at Conglomerate Creek Target 2, highlighting significant potential.

- Positive factor: Exceptionally high silver grade from surface samples, indicating bonanza mineralization.

- Negative factor: Surface samples are selective and may not be representative of broader mineralization.

Evidence · text

> 506g/t Ag from the 220m Target 2 vein system \(ASR0195\)

#### 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

**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

### Fact 15

[Link to this fact](https://atlas-staging.minestarters.com/news/am5-annual-report-to-shareholders--1c15d46f-09c8-4396-98b2-1ad93724387a#fact-drill-facts-14)

Mt Isa North Copper-Uranium · copper

#### Identity

- Project: Mt Isa North Copper-Uranium
- Commodity: copper
- Region: australia\_qld
- Reported Region: australia\_qld
- Ticker: AM5

#### Geometry

- Grade: 22
- Grade Unit: %

#### Classification

- Sample Type: surface

#### Location

- Location: Conglomerate Creek Target 5
- Loc. Source: document

#### QA/QC

- QA/QC Disclosed: Yes

#### Review

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

#### Dates

- Event date: 2026-09-30T00:00:00.000Z

Reasoning: Bonanza copper grade from surface samples at Conglomerate Creek Target 5, highlighting significant potential.

- Positive factor: Exceptionally high copper grade from surface samples, indicating bonanza mineralization.

- Negative factor: Surface samples are selective and may not be representative of broader mineralization.

Evidence · text

> 22.0% Cu

#### 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

**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

### Fact 16

[Link to this fact](https://atlas-staging.minestarters.com/news/am5-annual-report-to-shareholders--1c15d46f-09c8-4396-98b2-1ad93724387a#fact-drill-facts-15)

Mt Isa North Copper-Uranium · gold

#### Identity

- Project: Mt Isa North Copper-Uranium
- Commodity: gold
- Region: australia\_qld
- Reported Region: australia\_qld
- Ticker: AM5

#### Geometry

- Grade: 1.57
- Grade Unit: g/t

#### Classification

- Sample Type: surface

#### Location

- Location: Conglomerate Creek Target 5
- Loc. Source: document

#### QA/QC

- QA/QC Disclosed: Yes

#### Review

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

#### Dates

- Event date: 2026-09-30T00:00:00.000Z

Reasoning: Notable gold grade from surface samples, contributing to the polymetallic nature of Conglomerate Creek Target 5.

- Positive factor: Significant gold grade accompanying high copper, indicating polymetallic potential.

- Negative factor: Surface samples are selective and may not be representative of broader mineralization.

Evidence · text

> 1.57g/t Au

#### 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

**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

### Fact 17

[Link to this fact](https://atlas-staging.minestarters.com/news/am5-annual-report-to-shareholders--1c15d46f-09c8-4396-98b2-1ad93724387a#fact-drill-facts-16)

Mt Isa North Copper-Uranium · silver

#### Identity

- Project: Mt Isa North Copper-Uranium
- Commodity: silver
- Region: australia\_qld
- Reported Region: australia\_qld
- Ticker: AM5

#### Geometry

- Grade: 394
- Grade Unit: g/t

#### Classification

- Sample Type: surface

#### Location

- Location: Conglomerate Creek Target 5
- Loc. Source: document

#### QA/QC

- QA/QC Disclosed: Yes

#### Review

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

#### Dates

- Event date: 2026-09-30T00:00:00.000Z

Reasoning: Bonanza silver grade from surface samples at Conglomerate Creek Target 5, highlighting significant potential.

- Positive factor: Exceptionally high silver grade from surface samples, indicating bonanza mineralization.

- Negative factor: Surface samples are selective and may not be representative of broader mineralization.

Evidence · text

> 394g/t Ag \(see Figure 9\) from the 450m Target 5 vein system \(ASR0051\)

#### 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

**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

### AQD002

[Link to this fact](https://atlas-staging.minestarters.com/news/am5-annual-report-to-shareholders--1c15d46f-09c8-4396-98b2-1ad93724387a#fact-drill-facts-17)

Mt Isa North Copper-Uranium · uranium

#### Identity

- Hole ID: AQD002
- Project: Mt Isa North Copper-Uranium
- Commodity: uranium
- Region: australia\_qld
- Reported Region: australia\_qld
- Ticker: AM5

#### Geometry

- Grade: 741
- Grade Unit: ppm U₃O₈
- Intercept: 20 m
- From: 60 m
- To: 80 m
- Intercept Depth: 60 m

#### Classification

- Sample Type: drill
- Group ID: AQD002:60-80

#### Location

- Location: Queens Gift
- Loc. Source: document

#### QA/QC

- QA/QC Disclosed: Yes

#### Review

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

#### Dates

- Event date: 2026-09-30T00:00:00.000Z

Reasoning: Maiden drilling at Queens Gift returned a strong uranium intercept, validating the geological model and indicating significant potential.

- Positive factor: Strong uranium grade over a significant intercept length.

- Positive factor: Maiden drilling successfully intersected targeted mineralization, validating the geological model.

- Negative factor: True width not determined, potentially overstating actual thickness.

Evidence · text

> AQD002 20m 741ppm U₃O₈ 60m

#### 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

**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

### AQD002

[Link to this fact](https://atlas-staging.minestarters.com/news/am5-annual-report-to-shareholders--1c15d46f-09c8-4396-98b2-1ad93724387a#fact-drill-facts-18)

Mt Isa North Copper-Uranium · uranium

#### Identity

- Hole ID: AQD002
- Project: Mt Isa North Copper-Uranium
- Commodity: uranium
- Region: australia\_qld
- Reported Region: australia\_qld
- Ticker: AM5

#### Geometry

- Grade: 1288
- Grade Unit: ppm U₃O₈
- Intercept: 8 m

#### Classification

- Sample Type: drill

#### Location

- Location: Queens Gift
- Loc. Source: document

#### QA/QC

- QA/QC Disclosed: Yes

#### Review

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

#### Dates

- Event date: 2026-09-30T00:00:00.000Z

Reasoning: Bonanza uranium grade within a broader intercept from maiden drilling at Queens Gift, highlighting high-grade potential.

- Positive factor: Exceptionally high uranium grade over a good intercept length, indicating bonanza mineralization.

- Positive factor: Maiden drilling successfully intersected targeted mineralization, validating the geological model.

- Negative factor: True width not determined, potentially overstating actual thickness.

Evidence · text

> AQD002 including 8m 1,288ppm U₃O₈ within the above

#### 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

**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

### AQD001

[Link to this fact](https://atlas-staging.minestarters.com/news/am5-annual-report-to-shareholders--1c15d46f-09c8-4396-98b2-1ad93724387a#fact-drill-facts-19)

Mt Isa North Copper-Uranium · uranium

#### Identity

- Hole ID: AQD001
- Project: Mt Isa North Copper-Uranium
- Commodity: uranium
- Region: australia\_qld
- Reported Region: australia\_qld
- Ticker: AM5

#### Geometry

- Grade: 216
- Grade Unit: ppm U₃O₈
- Intercept: 3 m
- From: 190 m
- To: 193 m
- Intercept Depth: 190 m

#### Classification

- Sample Type: drill
- Group ID: AQD001:190-193

#### Location

- Location: Queens Gift
- Loc. Source: document

#### QA/QC

- QA/QC Disclosed: Yes

#### Review

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

#### Dates

- Event date: 2026-09-30T00:00:00.000Z

Reasoning: Moderate uranium intercept from maiden drilling at Queens Gift, confirming mineralization at depth.

- Positive factor: Uranium mineralization intersected, validating the geological model.

- Negative factor: Grade is moderate, and true width not determined.

Evidence · text

> AQD001 3m 216ppm U₃O₈ 190m

#### 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

**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

### AQD001

[Link to this fact](https://atlas-staging.minestarters.com/news/am5-annual-report-to-shareholders--1c15d46f-09c8-4396-98b2-1ad93724387a#fact-drill-facts-20)

Mt Isa North Copper-Uranium · uranium

#### Identity

- Hole ID: AQD001
- Project: Mt Isa North Copper-Uranium
- Commodity: uranium
- Region: australia\_qld
- Reported Region: australia\_qld
- Ticker: AM5

#### Geometry

- Grade: 796
- Grade Unit: ppm U₃O₈
- Intercept: 1 m
- From: 212 m
- To: 213 m
- Intercept Depth: 212 m

#### Classification

- Sample Type: drill
- Group ID: AQD001:212-213

#### Location

- Location: Queens Gift
- Loc. Source: document

#### QA/QC

- QA/QC Disclosed: Yes

#### Review

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

#### Dates

- Event date: 2026-09-30T00:00:00.000Z

Reasoning: High-grade uranium over a narrow interval from maiden drilling at Queens Gift, indicating localized high-grade zones.

- Positive factor: Strong uranium grade over a narrow interval, indicating high-grade zones.

- Negative factor: Narrow intercept length and true width not determined.

Evidence · text

> AQD001 1m 796ppm U₃O₈ 212m

#### 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

**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

### AQD003

[Link to this fact](https://atlas-staging.minestarters.com/news/am5-annual-report-to-shareholders--1c15d46f-09c8-4396-98b2-1ad93724387a#fact-drill-facts-21)

Mt Isa North Copper-Uranium · uranium

Historical result

Needs review: historical\_restatement

#### Identity

- Hole ID: AQD003
- Project: Mt Isa North Copper-Uranium
- Commodity: uranium
- Region: australia\_qld
- Reported Region: australia\_qld
- Ticker: AM5

#### Geometry

- Grade: 471
- Grade Unit: ppm U₃O₈
- Intercept: 3 m
- From: 111 m
- To: 114 m
- Intercept Depth: 111 m

#### Classification

- Sample Type: drill
- Group ID: AQD003:111-114

#### Location

- Location: Queens Gift
- Loc. Source: document

#### QA/QC

- QA/QC Disclosed: Yes

#### Review

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

#### Dates

- Event date: 2026-09-30T00:00:00.000Z

Reasoning: Moderate uranium intercept from maiden drilling at Queens Gift, confirming mineralization at depth.

- Positive factor: Uranium mineralization intersected, validating the geological model.

- Negative factor: Grade is moderate, and true width not determined.

Evidence · text

> AQD003 3m 471ppm U₃O₈ 111m

#### 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

**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

### AQD004

[Link to this fact](https://atlas-staging.minestarters.com/news/am5-annual-report-to-shareholders--1c15d46f-09c8-4396-98b2-1ad93724387a#fact-drill-facts-22)

Mt Isa North Copper-Uranium · uranium

Historical result

Needs review: historical\_restatement

#### Identity

- Hole ID: AQD004
- Project: Mt Isa North Copper-Uranium
- Commodity: uranium
- Region: australia\_qld
- Reported Region: australia\_qld
- Ticker: AM5

#### Geometry

- Grade: 309
- Grade Unit: ppm U₃O₈
- Intercept: 2 m
- From: 271 m
- To: 273 m
- Intercept Depth: 271 m

#### Classification

- Sample Type: drill
- Group ID: AQD004:271-273

#### Location

- Location: Queens Gift
- Loc. Source: document

#### QA/QC

- QA/QC Disclosed: Yes

#### Review

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

#### Dates

- Event date: 2026-09-30T00:00:00.000Z

Reasoning: Weak uranium intercept from maiden drilling at Queens Gift, confirming mineralization at depth.

- Positive factor: Uranium mineralization intersected, validating the geological model.

- Negative factor: Grade is weak, and true width not determined.

Evidence · text

> AQD004 2m 309ppm U₃O₈ 271m

#### 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

**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

### ACD002

[Link to this fact](https://atlas-staging.minestarters.com/news/am5-annual-report-to-shareholders--1c15d46f-09c8-4396-98b2-1ad93724387a#fact-drill-facts-23)

Mt Isa North Copper-Uranium · copper

Historical result

Needs review: historical\_restatement

#### Identity

- Hole ID: ACD002
- Project: Mt Isa North Copper-Uranium
- Commodity: copper
- Region: australia\_qld
- Reported Region: australia\_qld
- Ticker: AM5

#### Geometry

- Grade: 0.81
- Grade Unit: %
- Intercept: 4 m
- From: 84 m
- To: 88 m
- Intercept Depth: 84 m

#### Classification

- Sample Type: drill
- Group ID: ACD002:84-88

#### Location

- Location: Conglomerate Creek Target 2
- Loc. Source: document

#### QA/QC

- QA/QC Disclosed: Yes

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Interp. Status: scored
- Historical: Yes
- Historical Source Date: 2026-07-09T00:00:00.000Z

#### Dates

- Event date: 2026-09-30T00:00:00.000Z

Reasoning: Initial RC drilling at Conglomerate Creek Target 2 confirmed mineralization at depth but did not match high surface grades, indicating early-stage exploration results.

- Positive factor: Drilling confirmed continuity of the structure at depth.

- Negative factor: Surface tenor was not matched at depth in this first-pass program.

- Negative factor: True width not determined, potentially overstating actual thickness.

Evidence · text

> best intercept of 4m @ 0.81% Cu from 84m in ACD002

#### 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

**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

### ASD008

[Link to this fact](https://atlas-staging.minestarters.com/news/am5-annual-report-to-shareholders--1c15d46f-09c8-4396-98b2-1ad93724387a#fact-drill-facts-24)

Mt Isa North Copper-Uranium · copper

#### Identity

- Hole ID: ASD008
- Project: Mt Isa North Copper-Uranium
- Commodity: copper
- Region: australia\_qld
- Reported Region: australia\_qld
- Ticker: AM5

#### Geometry

- Grade: 1.14
- Grade Unit: %
- Intercept: 3 m
- From: 123 m
- To: 126 m
- Intercept Depth: 123 m

#### Classification

- Sample Type: drill
- Group ID: ASD008:123-126

#### Location

- Location: Surprise Mine
- Loc. Source: document

#### QA/QC

- QA/QC Disclosed: Yes

#### Review

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

#### Dates

- Event date: 2026-09-30T00:00:00.000Z

Reasoning: RC drilling at Surprise Mine confirmed a new extensional zone with a strong copper intercept, indicating potential for expansion.

- Positive factor: Strong copper grade over a good intercept length.

- Positive factor: Confirmed a new extensional zone along strike from historic workings.

- Negative factor: True width not determined, potentially overstating actual thickness.

Evidence · text

> ASD008 returning 3m @ 1.14% Cu from 123m

#### 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

**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

### ASD008

[Link to this fact](https://atlas-staging.minestarters.com/news/am5-annual-report-to-shareholders--1c15d46f-09c8-4396-98b2-1ad93724387a#fact-drill-facts-25)

Mt Isa North Copper-Uranium · copper

#### Identity

- Hole ID: ASD008
- Project: Mt Isa North Copper-Uranium
- Commodity: copper
- Region: australia\_qld
- Reported Region: australia\_qld
- Ticker: AM5

#### Geometry

- Grade: 2.17
- Grade Unit: %
- Intercept: 1 m
- From: 124 m
- To: 125 m
- Intercept Depth: 124 m

#### Classification

- Sample Type: drill
- Group ID: ASD008:124-125

#### Location

- Location: Surprise Mine
- Loc. Source: document

#### QA/QC

- QA/QC Disclosed: Yes

#### Review

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

#### Dates

- Event date: 2026-09-30T00:00:00.000Z

Reasoning: High-grade copper over a narrow interval within an extensional zone at Surprise Mine, indicating localized high-grade mineralization.

- Positive factor: High copper grade over a narrow interval, indicating localized high-grade zones.

- Positive factor: Confirmed a new extensional zone along strike from historic workings.

- Negative factor: Narrow intercept length and true width not determined.

Evidence · text

> including 1m @ 2.17% Cu from 124m

#### 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

**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

### ASD015

[Link to this fact](https://atlas-staging.minestarters.com/news/am5-annual-report-to-shareholders--1c15d46f-09c8-4396-98b2-1ad93724387a#fact-drill-facts-26)

Mt Isa North Copper-Uranium · copper

#### Identity

- Hole ID: ASD015
- Project: Mt Isa North Copper-Uranium
- Commodity: copper
- Region: australia\_qld
- Reported Region: australia\_qld
- Ticker: AM5

#### Geometry

- Grade: 0.16
- Grade Unit: %
- Intercept: 7 m
- From: 161 m
- To: 168 m
- Intercept Depth: 161 m

#### Classification

- Sample Type: drill
- Group ID: ASD015:161-168

#### Location

- Location: Marvel
- Loc. Source: document

#### QA/QC

- QA/QC Disclosed: Yes

#### Review

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

#### Dates

- Event date: 2026-09-30T00:00:00.000Z

Reasoning: RC drilling at Marvel confirmed a broad zone of disseminated sulphide mineralization, but with weak copper grades.

- Positive factor: Confirmed a broad zone of disseminated sulphide mineralization.

- Negative factor: Weak copper grade over the intercept length.

- Negative factor: True width not determined, potentially overstating actual thickness.

Evidence · text

> ASD015 returning 7m @ 0.16% Cu from 161m

#### 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

**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

### ASD015

[Link to this fact](https://atlas-staging.minestarters.com/news/am5-annual-report-to-shareholders--1c15d46f-09c8-4396-98b2-1ad93724387a#fact-drill-facts-27)

Mt Isa North Copper-Uranium · copper

#### Identity

- Hole ID: ASD015
- Project: Mt Isa North Copper-Uranium
- Commodity: copper
- Region: australia\_qld
- Reported Region: australia\_qld
- Ticker: AM5

#### Geometry

- Grade: 0.46
- Grade Unit: %
- Intercept: 1 m
- From: 161 m
- To: 162 m
- Intercept Depth: 161 m

#### Classification

- Sample Type: drill
- Group ID: ASD015:161-162

#### Location

- Location: Marvel
- Loc. Source: document

#### QA/QC

- QA/QC Disclosed: Yes

#### Review

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

#### Dates

- Event date: 2026-09-30T00:00:00.000Z

Reasoning: Narrow, moderate copper intercept within a broader zone at Marvel, indicating some higher-grade sections.

- Positive factor: Higher copper grade over a narrow interval within the broader zone.

- Negative factor: Narrow intercept length and true width not determined.

Evidence · text

> including 1m @ 0.46% Cu

#### 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

**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

### Fact 29

[Link to this fact](https://atlas-staging.minestarters.com/news/am5-annual-report-to-shareholders--1c15d46f-09c8-4396-98b2-1ad93724387a#fact-drill-facts-28)

Mt Isa North Copper-Uranium · copper

#### Identity

- Project: Mt Isa North Copper-Uranium
- Commodity: copper
- Region: australia\_qld
- Reported Region: australia\_qld
- Ticker: AM5

#### Geometry

- Grade: 16.2
- Grade Unit: %

#### Classification

- Sample Type: surface

#### Location

- Location: Moonside
- Loc. Source: document

#### QA/QC

- QA/QC Disclosed: Yes

#### Review

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

#### Dates

- Event date: 2026-09-30T00:00:00.000Z

Reasoning: High-grade copper rock chip result from the Moonside prospect, indicating significant mineralization.

- Positive factor: Strong copper grade from rock chip samples, indicating significant mineralization.

- Negative factor: Rock chip samples are selective and may not be representative of broader mineralization.

Evidence · text

> up to 16.2% Cu

#### 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

**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

### Fact 30

[Link to this fact](https://atlas-staging.minestarters.com/news/am5-annual-report-to-shareholders--1c15d46f-09c8-4396-98b2-1ad93724387a#fact-drill-facts-29)

Mt Isa North Copper-Uranium · gold

#### Identity

- Project: Mt Isa North Copper-Uranium
- Commodity: gold
- Region: australia\_qld
- Reported Region: australia\_qld
- Ticker: AM5

#### Geometry

- Grade: 1
- Grade Unit: g/t

#### Classification

- Sample Type: surface

#### Location

- Location: Moonside
- Loc. Source: document

#### QA/QC

- QA/QC Disclosed: Yes

#### Review

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

#### Dates

- Event date: 2026-09-30T00:00:00.000Z

Reasoning: Moderate gold grade from rock chip samples, contributing to the polymetallic nature of the Moonside prospect.

- Positive factor: Moderate gold grade accompanying high copper, indicating polymetallic potential.

- Negative factor: Rock chip samples are selective and may not be representative of broader mineralization.

Evidence · text

> 1.0g/t Au at the Moonside prospect

#### 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

**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

### Fact 31

[Link to this fact](https://atlas-staging.minestarters.com/news/am5-annual-report-to-shareholders--1c15d46f-09c8-4396-98b2-1ad93724387a#fact-drill-facts-30)

Quinns Gold and Copper-Zinc VMS · gold

#### Identity

- Project: Quinns Gold and Copper-Zinc VMS
- Commodity: gold
- Region: australia\_wa
- Reported Region: australia\_wa
- Ticker: AM5

#### Geometry

- Grade: 41.7
- Grade Unit: g/t

#### Classification

- Sample Type: surface

#### Location

- Location: Finlay
- Loc. Source: document

#### QA/QC

- QA/QC Disclosed: Yes

#### Review

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

#### Dates

- Event date: 2026-09-30T00:00:00.000Z

Reasoning: Bonanza gold grade from rock chip samples at Finlay, representing the first systematic modern gold results and highlighting significant potential.

- Positive factor: Exceptionally high gold grade from rock chip samples, indicating bonanza mineralization.

- Positive factor: First systematic modern gold results for the project.

- Negative factor: Rock chip samples are selective and may not be representative of broader mineralization.

Evidence · text

> Finlay returned 41.7g/t Au \(QURK048\)

#### 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

**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

### Fact 32

[Link to this fact](https://atlas-staging.minestarters.com/news/am5-annual-report-to-shareholders--1c15d46f-09c8-4396-98b2-1ad93724387a#fact-drill-facts-31)

Quinns Gold and Copper-Zinc VMS · gold

#### Identity

- Project: Quinns Gold and Copper-Zinc VMS
- Commodity: gold
- Region: australia\_wa
- Reported Region: australia\_wa
- Ticker: AM5

#### Geometry

- Grade: 3.7
- Grade Unit: g/t

#### Classification

- Sample Type: surface

#### Location

- Location: Finlay
- Loc. Source: document

#### QA/QC

- QA/QC Disclosed: Yes

#### Review

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

#### Dates

- Event date: 2026-09-30T00:00:00.000Z

Reasoning: Strong gold grade from rock chip samples at Finlay, confirming mineralization as part of the first systematic modern gold results.

- Positive factor: Strong gold grade from rock chip samples, confirming mineralization.

- Positive factor: First systematic modern gold results for the project.

- Negative factor: Rock chip samples are selective and may not be representative of broader mineralization.

Evidence · text

> 3.70g/t Au \(QURK004\)

#### 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

**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

### Fact 33

[Link to this fact](https://atlas-staging.minestarters.com/news/am5-annual-report-to-shareholders--1c15d46f-09c8-4396-98b2-1ad93724387a#fact-drill-facts-32)

Quinns Gold and Copper-Zinc VMS · gold

#### Identity

- Project: Quinns Gold and Copper-Zinc VMS
- Commodity: gold
- Region: australia\_wa
- Reported Region: australia\_wa
- Ticker: AM5

#### Geometry

- Grade: 2.27
- Grade Unit: g/t

#### Classification

- Sample Type: surface

#### Location

- Location: Finlay
- Loc. Source: document

#### QA/QC

- QA/QC Disclosed: Yes

#### Review

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

#### Dates

- Event date: 2026-09-30T00:00:00.000Z

Reasoning: Strong gold grade from rock chip samples at Finlay, confirming mineralization as part of the first systematic modern gold results.

- Positive factor: Strong gold grade from rock chip samples, confirming mineralization.

- Positive factor: First systematic modern gold results for the project.

- Negative factor: Rock chip samples are selective and may not be representative of broader mineralization.

Evidence · text

> 2.27g/t Au \(QURK055\)

#### 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

**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

### Fact 34

[Link to this fact](https://atlas-staging.minestarters.com/news/am5-annual-report-to-shareholders--1c15d46f-09c8-4396-98b2-1ad93724387a#fact-drill-facts-33)

Quinns Gold and Copper-Zinc VMS · gold

#### Identity

- Project: Quinns Gold and Copper-Zinc VMS
- Commodity: gold
- Region: australia\_wa
- Reported Region: australia\_wa
- Ticker: AM5

#### Geometry

- Grade: 15.93
- Grade Unit: g/t

#### Classification

- Sample Type: surface

#### Location

- Location: Fennell
- Loc. Source: document

#### QA/QC

- QA/QC Disclosed: Yes

#### Review

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

#### Dates

- Event date: 2026-09-30T00:00:00.000Z

Reasoning: Bonanza gold grade from rock chip samples at Fennell, representing the first systematic modern gold results and highlighting significant potential.

- Positive factor: Exceptionally high gold grade from rock chip samples, indicating bonanza mineralization.

- Positive factor: First systematic modern gold results for the project.

- Negative factor: Rock chip samples are selective and may not be representative of broader mineralization.

Evidence · text

> Fennell returned 15.93g/t Au \(QURK033\)

#### 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

**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

### Fact 35

[Link to this fact](https://atlas-staging.minestarters.com/news/am5-annual-report-to-shareholders--1c15d46f-09c8-4396-98b2-1ad93724387a#fact-drill-facts-34)

Quinns Gold and Copper-Zinc VMS · gold

#### Identity

- Project: Quinns Gold and Copper-Zinc VMS
- Commodity: gold
- Region: australia\_wa
- Reported Region: australia\_wa
- Ticker: AM5

#### Geometry

- Grade: 5.3
- Grade Unit: g/t

#### Classification

- Sample Type: surface

#### Location

- Location: Fennell
- Loc. Source: document

#### QA/QC

- QA/QC Disclosed: Yes

#### Review

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

#### Dates

- Event date: 2026-09-30T00:00:00.000Z

Reasoning: Strong gold grade from rock chip samples at Fennell, confirming mineralization as part of the first systematic modern gold results.

- Positive factor: Strong gold grade from rock chip samples, confirming mineralization.

- Positive factor: First systematic modern gold results for the project.

- Negative factor: Rock chip samples are selective and may not be representative of broader mineralization.

Evidence · text

> 5.30g/t Au \(QURK035\)

#### 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

**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

### Fact 36

[Link to this fact](https://atlas-staging.minestarters.com/news/am5-annual-report-to-shareholders--1c15d46f-09c8-4396-98b2-1ad93724387a#fact-drill-facts-35)

Quinns Gold and Copper-Zinc VMS · gold

#### Identity

- Project: Quinns Gold and Copper-Zinc VMS
- Commodity: gold
- Region: australia\_wa
- Reported Region: australia\_wa
- Ticker: AM5

#### Geometry

- Grade: 1.05
- Grade Unit: g/t

#### Classification

- Sample Type: surface

#### Location

- Location: Fennell
- Loc. Source: document

#### QA/QC

- QA/QC Disclosed: Yes

#### Review

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

#### Dates

- Event date: 2026-09-30T00:00:00.000Z

Reasoning: Moderate gold grade from rock chip samples at Fennell, confirming mineralization as part of the first systematic modern gold results.

- Positive factor: Moderate gold grade from rock chip samples, confirming mineralization.

- Positive factor: First systematic modern gold results for the project.

- Negative factor: Rock chip samples are selective and may not be representative of broader mineralization.

Evidence · text

> 1.05g/t Au \(QURK042\)

#### 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

**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

### Fact 37

[Link to this fact](https://atlas-staging.minestarters.com/news/am5-annual-report-to-shareholders--1c15d46f-09c8-4396-98b2-1ad93724387a#fact-drill-facts-36)

Quinns Gold and Copper-Zinc VMS · gold

#### Identity

- Project: Quinns Gold and Copper-Zinc VMS
- Commodity: gold
- Region: australia\_wa
- Reported Region: australia\_wa
- Ticker: AM5

#### Geometry

- Grade: 65.2
- Grade Unit: g/t

#### Classification

- Sample Type: surface

#### Location

- Location: Fennell
- Loc. Source: document

#### QA/QC

- QA/QC Disclosed: Yes

#### Review

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

#### Dates

- Event date: 2026-09-30T00:00:00.000Z

Reasoning: Bonanza gold grade from rock chip samples at Fennell, further expanding the mineralized zone and highlighting significant potential.

- Positive factor: Exceptionally high gold grade from rock chip samples, indicating bonanza mineralization.

- Positive factor: Expanded mineralized zone at Fennell.

- Negative factor: Rock chip samples are selective and may not be representative of broader mineralization.

Evidence · text

> up to 65.20g/t Au at Fennell \(QURK116\)

#### 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

**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

### Fact 38

[Link to this fact](https://atlas-staging.minestarters.com/news/am5-annual-report-to-shareholders--1c15d46f-09c8-4396-98b2-1ad93724387a#fact-drill-facts-37)

Quinns Gold and Copper-Zinc VMS · gold

#### Identity

- Project: Quinns Gold and Copper-Zinc VMS
- Commodity: gold
- Region: australia\_wa
- Reported Region: australia\_wa
- Ticker: AM5

#### Geometry

- Grade: 1.67
- Grade Unit: g/t

#### Classification

- Sample Type: surface

#### Location

- Location: Finlay
- Loc. Source: document

#### QA/QC

- QA/QC Disclosed: Yes

#### Review

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

#### Dates

- Event date: 2026-09-30T00:00:00.000Z

Reasoning: Strong gold grade from a new rock chip result at Finlay, confirming mineralization.

- Positive factor: Strong gold grade from a new rock chip result, confirming mineralization.

- Negative factor: Rock chip samples are selective and may not be representative of broader mineralization.

Evidence · text

> 1.67g/t Au from a new result at Finlay

#### 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

**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

### Fact 39

[Link to this fact](https://atlas-staging.minestarters.com/news/am5-annual-report-to-shareholders--1c15d46f-09c8-4396-98b2-1ad93724387a#fact-drill-facts-38)

Quinns Gold and Copper-Zinc VMS · gold

#### Identity

- Project: Quinns Gold and Copper-Zinc VMS
- Commodity: gold
- Region: australia\_wa
- Reported Region: australia\_wa
- Ticker: AM5

#### Geometry

- Grade: 3.48
- Grade Unit: g/t

#### Classification

- Sample Type: surface

#### Location

- Location: Favourite Gold Mine
- Loc. Source: document

#### QA/QC

- QA/QC Disclosed: Yes

#### Review

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

#### Dates

- Event date: 2026-09-30T00:00:00.000Z

Reasoning: Strong gold grade from rock chip samples at the historic Favourite Gold Mine, confirming mineralization as part of the first systematic modern gold results.

- Positive factor: Strong gold grade from rock chip samples at a historic mine, confirming mineralization.

- Positive factor: First systematic modern gold results for the project.

- Negative factor: Rock chip samples are selective and may not be representative of broader mineralization.

Evidence · text

> Favourite Gold Mine returned 3.48g/t Au \(QURK021\)

#### 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

**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

### Fact 40

[Link to this fact](https://atlas-staging.minestarters.com/news/am5-annual-report-to-shareholders--1c15d46f-09c8-4396-98b2-1ad93724387a#fact-drill-facts-39)

Quinns Gold and Copper-Zinc VMS · gold

#### Identity

- Project: Quinns Gold and Copper-Zinc VMS
- Commodity: gold
- Region: australia\_wa
- Reported Region: australia\_wa
- Ticker: AM5

#### Geometry

- Grade: 3.39
- Grade Unit: g/t

#### Classification

- Sample Type: surface

#### Location

- Location: Favourite Gold Mine
- Loc. Source: document

#### QA/QC

- QA/QC Disclosed: Yes

#### Review

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

#### Dates

- Event date: 2026-09-30T00:00:00.000Z

Reasoning: Strong gold grade from rock chip samples at the historic Favourite Gold Mine, confirming mineralization as part of the first systematic modern gold results.

- Positive factor: Strong gold grade from rock chip samples at a historic mine, confirming mineralization.

- Positive factor: First systematic modern gold results for the project.

- Negative factor: Rock chip samples are selective and may not be representative of broader mineralization.

Evidence · text

> 3.39g/t Au \(QURK020\)

#### 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

**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

### Fact 41

[Link to this fact](https://atlas-staging.minestarters.com/news/am5-annual-report-to-shareholders--1c15d46f-09c8-4396-98b2-1ad93724387a#fact-drill-facts-40)

Mt Isa North Copper-Uranium · uranium

#### Identity

- Project: Mt Isa North Copper-Uranium
- Commodity: uranium
- Region: australia\_qld
- Reported Region: australia\_qld
- Ticker: AM5

#### Geometry

- Grade: 5584
- Grade Unit: ppm U₃O₈

#### Classification

- Sample Type: surface

#### Location

- Location: Skevi
- Loc. Source: document

#### QA/QC

- QA/QC Disclosed: Yes

#### Review

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

#### Dates

- Event date: 2026-09-30T00:00:00.000Z

Reasoning: Bonanza uranium grade from rock chip samples at Skevi, confirming it as a new and potentially drill-ready prospect.

- Positive factor: Exceptionally high uranium grade from rock chip samples, indicating bonanza mineralization.

- Positive factor: Confirmed Skevi as a new and potentially drill-ready prospect.

- Negative factor: Rock chip samples are selective and may not be representative of broader mineralization.

Evidence · text

> rock chip assays to 4,735ppm U \(5,584ppm U₃O₈\)

#### 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

**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

### PSRC-023

[Link to this fact](https://atlas-staging.minestarters.com/news/am5-annual-report-to-shareholders--1c15d46f-09c8-4396-98b2-1ad93724387a#fact-drill-facts-41)

Mt Isa North Copper-Uranium · uranium

Historical result

Needs review: historical\_restatement

#### Identity

- Hole ID: PSRC-023
- Project: Mt Isa North Copper-Uranium
- Commodity: uranium
- Region: australia\_qld
- Reported Region: australia\_qld
- Ticker: AM5

#### Geometry

- Grade: 1155
- Grade Unit: ppm U₃O₈
- Intercept: 7 m

#### Classification

- Sample Type: drill

#### Location

- Location: Skevi
- Loc. Source: document

#### QA/QC

- QA/QC Disclosed: Yes

#### Review

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

#### Dates

- Event date: 2026-09-30T00:00:00.000Z

Reasoning: Historical drilling at Skevi returned a strong uranium intercept, indicating past mineralization, but requires modern verification.

- Positive factor: Strong uranium grade over a significant intercept length from historical drilling.

- Negative factor: Results are historical and may not reflect current geological understanding or reporting standards.

- Negative factor: True width not determined, potentially overstating actual thickness.

Evidence · text

> historical drill intercepts including 7m @ 1,155ppm U₃O₈ \(including 3m @ 2,457ppm U₃O₈\) in PSRC-023

#### 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

**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

### PSRC-023

[Link to this fact](https://atlas-staging.minestarters.com/news/am5-annual-report-to-shareholders--1c15d46f-09c8-4396-98b2-1ad93724387a#fact-drill-facts-42)

Mt Isa North Copper-Uranium · uranium

Historical result

Needs review: historical\_restatement

#### Identity

- Hole ID: PSRC-023
- Project: Mt Isa North Copper-Uranium
- Commodity: uranium
- Region: australia\_qld
- Reported Region: australia\_qld
- Ticker: AM5

#### Geometry

- Grade: 2457
- Grade Unit: ppm U₃O₈
- Intercept: 3 m

#### Classification

- Sample Type: drill

#### Location

- Location: Skevi
- Loc. Source: document

#### QA/QC

- QA/QC Disclosed: Yes

#### Review

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

#### Dates

- Event date: 2026-09-30T00:00:00.000Z

Reasoning: Bonanza uranium grade within a historical intercept at Skevi, indicating past high-grade mineralization, but requires modern verification.

- Positive factor: Exceptionally high uranium grade over a good intercept length from historical drilling.

- Negative factor: Results are historical and may not reflect current geological understanding or reporting standards.

- Negative factor: True width not determined, potentially overstating actual thickness.

Evidence · text

> including 3m @ 2,457ppm U₃O₈

#### 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

**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

### PSRC-015

[Link to this fact](https://atlas-staging.minestarters.com/news/am5-annual-report-to-shareholders--1c15d46f-09c8-4396-98b2-1ad93724387a#fact-drill-facts-43)

Mt Isa North Copper-Uranium · uranium

Historical result

Needs review: historical\_restatement

#### Identity

- Hole ID: PSRC-015
- Project: Mt Isa North Copper-Uranium
- Commodity: uranium
- Region: australia\_qld
- Reported Region: australia\_qld
- Ticker: AM5

#### Geometry

- Grade: 536
- Grade Unit: ppm U₃O₈
- Intercept: 2 m

#### Classification

- Sample Type: drill

#### Location

- Location: Skevi
- Loc. Source: document

#### QA/QC

- QA/QC Disclosed: Yes

#### Review

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

#### Dates

- Event date: 2026-09-30T00:00:00.000Z

Reasoning: Historical drilling at Skevi returned a moderate uranium intercept, indicating past mineralization, but requires modern verification.

- Positive factor: Moderate uranium grade from historical drilling.

- Negative factor: Results are historical and may not reflect current geological understanding or reporting standards.

- Negative factor: True width not determined, potentially overstating actual thickness.

Evidence · text

> 2m @ 536ppm U₃O₈ \(including 1m @ 808ppm U₃O₈\) in PSRC-015

#### 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

**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

### PSRC-015

[Link to this fact](https://atlas-staging.minestarters.com/news/am5-annual-report-to-shareholders--1c15d46f-09c8-4396-98b2-1ad93724387a#fact-drill-facts-44)

Mt Isa North Copper-Uranium · uranium

Historical result

Needs review: historical\_restatement

#### Identity

- Hole ID: PSRC-015
- Project: Mt Isa North Copper-Uranium
- Commodity: uranium
- Region: australia\_qld
- Reported Region: australia\_qld
- Ticker: AM5

#### Geometry

- Grade: 808
- Grade Unit: ppm U₃O₈
- Intercept: 1 m

#### Classification

- Sample Type: drill

#### Location

- Location: Skevi
- Loc. Source: document

#### QA/QC

- QA/QC Disclosed: Yes

#### Review

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

#### Dates

- Event date: 2026-09-30T00:00:00.000Z

Reasoning: High-grade uranium over a narrow historical intercept at Skevi, indicating localized high-grade zones, but requires modern verification.

- Positive factor: Strong uranium grade over a narrow interval from historical drilling.

- Negative factor: Results are historical and may not reflect current geological understanding or reporting standards.

- Negative factor: Narrow intercept length and true width not determined.

Evidence · text

> including 1m @ 808ppm U₃O₈

#### 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

**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

### PSRC-011

[Link to this fact](https://atlas-staging.minestarters.com/news/am5-annual-report-to-shareholders--1c15d46f-09c8-4396-98b2-1ad93724387a#fact-drill-facts-45)

Mt Isa North Copper-Uranium · uranium

Historical result

Needs review: historical\_restatement

#### Identity

- Hole ID: PSRC-011
- Project: Mt Isa North Copper-Uranium
- Commodity: uranium
- Region: australia\_qld
- Reported Region: australia\_qld
- Ticker: AM5

#### Geometry

- Grade: 225
- Grade Unit: ppm U₃O₈
- Intercept: 11 m

#### Classification

- Sample Type: drill

#### Location

- Location: Skevi
- Loc. Source: document

#### QA/QC

- QA/QC Disclosed: Yes

#### Review

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

#### Dates

- Event date: 2026-09-30T00:00:00.000Z

Reasoning: Historical drilling at Skevi returned a moderate uranium intercept, indicating past mineralization, but requires modern verification.

- Positive factor: Moderate uranium grade over a significant intercept length from historical drilling.

- Negative factor: Results are historical and may not reflect current geological understanding or reporting standards.

- Negative factor: True width not determined, potentially overstating actual thickness.

Evidence · text

> 11m @ 225ppm U₃O₈ in PSRC-011

#### 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

**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

### Fact 47

[Link to this fact](https://atlas-staging.minestarters.com/news/am5-annual-report-to-shareholders--1c15d46f-09c8-4396-98b2-1ad93724387a#fact-drill-facts-46)

Mt Isa North Copper-Uranium · uranium

#### Identity

- Project: Mt Isa North Copper-Uranium
- Commodity: uranium
- Region: australia\_qld
- Reported Region: australia\_qld
- Ticker: AM5

#### Geometry

- Grade: 1988
- Grade Unit: ppm U₃O₈

#### Classification

- Sample Type: surface

#### Location

- Location: Monte Bello
- Loc. Source: document

#### QA/QC

- QA/QC Disclosed: Yes

#### Review

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

#### Dates

- Event date: 2026-09-30T00:00:00.000Z

Reasoning: Bonanza uranium grade from surface samples at the new Monte Bello prospect, highlighting significant potential.

- Positive factor: Exceptionally high uranium grade from surface samples, indicating bonanza mineralization.

- Positive factor: New high-grade prospect identified.

- Negative factor: Surface samples are selective and may not be representative of broader mineralization.

Evidence · text

> peak surface result of 1,988ppm U₃O₈

#### 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

**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

### Fact 48

[Link to this fact](https://atlas-staging.minestarters.com/news/am5-annual-report-to-shareholders--1c15d46f-09c8-4396-98b2-1ad93724387a#fact-drill-facts-47)

Mt Isa North Copper-Uranium · uranium

#### Identity

- Project: Mt Isa North Copper-Uranium
- Commodity: uranium
- Region: australia\_qld
- Reported Region: australia\_qld
- Ticker: AM5

#### Geometry

- Grade: 1786
- Grade Unit: ppm U₃O₈

#### Classification

- Sample Type: surface

#### Location

- Location: B8A
- Loc. Source: document

#### QA/QC

- QA/QC Disclosed: Yes

#### Review

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

#### Dates

- Event date: 2026-09-30T00:00:00.000Z

Reasoning: Bonanza uranium grade from surface samples at the new B8A prospect, highlighting significant potential.

- Positive factor: Exceptionally high uranium grade from surface samples, indicating bonanza mineralization.

- Positive factor: New high-grade prospect identified.

- Negative factor: Surface samples are selective and may not be representative of broader mineralization.

Evidence · text

> peak grades of 1,786ppm U₃O₈

#### 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

**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

### Fact 49

[Link to this fact](https://atlas-staging.minestarters.com/news/am5-annual-report-to-shareholders--1c15d46f-09c8-4396-98b2-1ad93724387a#fact-drill-facts-48)

Mt Isa North Copper-Uranium · uranium

#### Identity

- Project: Mt Isa North Copper-Uranium
- Commodity: uranium
- Region: australia\_qld
- Reported Region: australia\_qld
- Ticker: AM5

#### Geometry

- Grade: 977
- Grade Unit: ppm U₃O₈

#### Classification

- Sample Type: surface

#### Location

- Location: Tjilpa
- Loc. Source: document

#### QA/QC

- QA/QC Disclosed: Yes

#### Review

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

#### Dates

- Event date: 2026-09-30T00:00:00.000Z

Reasoning: High-grade uranium from surface samples at the new Tjilpa prospect, highlighting significant potential.

- Positive factor: Strong uranium grade from surface samples, indicating high-grade mineralization.

- Positive factor: New high-grade prospect identified.

- Negative factor: Surface samples are selective and may not be representative of broader mineralization.

Evidence · text

> peak surface sample of 977ppm U₃O₈

#### 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

**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

### Fact 50

[Link to this fact](https://atlas-staging.minestarters.com/news/am5-annual-report-to-shareholders--1c15d46f-09c8-4396-98b2-1ad93724387a#fact-drill-facts-49)

Mt Isa North Copper-Uranium · uranium

Historical result

Needs review: drill\_no\_hole\_id

#### Identity

- Project: Mt Isa North Copper-Uranium
- Commodity: uranium
- Region: australia\_qld
- Reported Region: australia\_qld
- Ticker: AM5

#### Geometry

- Grade: 1004
- Grade Unit: ppm U₃O₈
- Intercept: 1 m
- From: 6 m
- To: 7 m
- Intercept Depth: 6 m

#### Classification

- Sample Type: drill
- Group ID: Mt\_Isa\_North\_Copper-Uranium:6-7

#### Location

- Location: Tjilpa
- Loc. Source: document

#### QA/QC

- QA/QC Disclosed: Yes

#### Review

- Needs Review: Yes
- Review Reason: drill\_no\_hole\_id
- Interp. Status: scored
- Historical: Yes

#### Dates

- Event date: 2026-09-30T00:00:00.000Z

Reasoning: High-grade uranium over a narrow historical intercept at Tjilpa, indicating localized high-grade zones, but requires modern verification.

- Positive factor: Strong uranium grade over a narrow interval from historical drilling.

- Negative factor: Results are historical and may not reflect current geological understanding or reporting standards.

- Negative factor: Narrow intercept length and true width not determined.

Evidence · text

> historical intercepts including 1m @ 1,004ppm U₃O₈ from 6m

#### 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

**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

### Fact 51

[Link to this fact](https://atlas-staging.minestarters.com/news/am5-annual-report-to-shareholders--1c15d46f-09c8-4396-98b2-1ad93724387a#fact-drill-facts-50)

Mt Isa North Copper-Uranium · uranium

Historical result

Needs review: drill\_no\_hole\_id

#### Identity

- Project: Mt Isa North Copper-Uranium
- Commodity: uranium
- Region: australia\_qld
- Reported Region: australia\_qld
- Ticker: AM5

#### Geometry

- Grade: 347
- Grade Unit: ppm U₃O₈
- Intercept: 16 m

#### Classification

- Sample Type: drill

#### Location

- Location: Tjilpa
- Loc. Source: document

#### QA/QC

- QA/QC Disclosed: Yes

#### Review

- Needs Review: Yes
- Review Reason: drill\_no\_hole\_id
- Interp. Status: scored
- Historical: Yes

#### Dates

- Event date: 2026-09-30T00:00:00.000Z

Reasoning: Historical drilling at Tjilpa returned a moderate uranium intercept, indicating past mineralization, but requires modern verification.

- Positive factor: Moderate uranium grade over a significant intercept length from historical drilling.

- Negative factor: Results are historical and may not reflect current geological understanding or reporting standards.

- Negative factor: True width not determined, potentially overstating actual thickness.

Evidence · text

> 16m @ 347ppm U₃O₈

#### 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

**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

### Fact 52

[Link to this fact](https://atlas-staging.minestarters.com/news/am5-annual-report-to-shareholders--1c15d46f-09c8-4396-98b2-1ad93724387a#fact-drill-facts-56)

Needs review: drill\_no\_hole\_id

#### Identity

- Region: australia\_qld
- Reported Region: australia\_qld
- Ticker: AM5

#### Classification

- Sample Type: drill

#### QA/QC

- QA/QC Disclosed: Yes

#### Review

- Needs Review: Yes
- Review Reason: drill\_no\_hole\_id
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-30T00:00:00.000Z

Reasoning: A $2.0 million capital raise was successfully completed to fund exploration and acquisitions, but involved dilution for existing shareholders due to the discounted share price.

- Positive factor: Successfully raised $2.0 million to fund expanded exploration programs and acquisitions.

- Positive factor: Placement completed across two tranches, demonstrating investor support.

- Negative factor: Shares issued at a discount to the last closing price and VWAP, indicating dilution for existing shareholders.

Evidence · text

> $2.0 million placement completed: 250 million shares issued at $0.008 across two tranches

#### 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

**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

### Fact 53

[Link to this fact](https://atlas-staging.minestarters.com/news/am5-annual-report-to-shareholders--1c15d46f-09c8-4396-98b2-1ad93724387a#fact-drill-facts-57)

Needs review: drill\_no\_hole\_id

#### Identity

- Region: australia\_qld
- Reported Region: australia\_qld
- Ticker: AM5

#### Classification

- Sample Type: drill

#### QA/QC

- QA/QC Disclosed: Yes

#### Review

- Needs Review: Yes
- Review Reason: drill\_no\_hole\_id
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-30T00:00:00.000Z

Reasoning: A significant capital raise of $2.57 million was secured post-year end, providing crucial funding but at a lower share price, leading to further dilution.

- Positive factor: Successfully secured $2.57 million in additional funding post-year end.

- Positive factor: Placement demonstrates continued investor support for exploration activities.

- Negative factor: Shares issued at a lower price than the previous placement, indicating further dilution for existing shareholders.

Evidence · text

> secured $2.57 million under a two-tranche Placement to professional and sophisticated investors. The Placement comprises of 514,025,723 new fully paid ordinary shares at an issue price of $0.005 per share.

#### 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

**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

### Fact 54

[Link to this fact](https://atlas-staging.minestarters.com/news/am5-annual-report-to-shareholders--1c15d46f-09c8-4396-98b2-1ad93724387a#fact-drill-facts-58)

Quinns and Katanning Projects

Needs review: drill\_no\_hole\_id

#### Identity

- Project: Quinns and Katanning Projects
- Region: australia\_wa
- Reported Region: australia\_wa
- Ticker: AM5

#### Classification

- Sample Type: drill

#### QA/QC

- QA/QC Disclosed: Yes

#### Review

- Needs Review: Yes
- Review Reason: drill\_no\_hole\_id
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-30T00:00:00.000Z

Reasoning: The acquisition of 100% interest in the Quinns and Katanning Projects significantly expanded the company's portfolio with promising gold and base metals assets, funded through a mix of equity, cash, and royalties.

- Positive factor: Acquisition of 100% interest in two Western Australian gold and base metals projects, expanding the company's portfolio.

- Positive factor: Consideration included shares and options, aligning vendor interests with company performance.

- Positive factor: Projects include historical resources and high-grade rock chip results, adding significant exploration potential.

- Negative factor: Consideration included cash and a net smelter return royalty, representing future obligations.

Evidence · text

> Two Western Australian gold projects acquired: The Quinns Gold and Copper-Zinc VMS Project in the Murchison and the Katanning Gold Project in the southern Yilgarn Craton, both completed on 31 January 2026 and both 100% owned

#### 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

**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 (5)

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/am5-annual-report-to-shareholders--1c15d46f-09c8-4396-98b2-1ad93724387a#fact-resource-facts-51)

Quinns Gold and Copper-Zinc VMS Project · copper

Historical result

Needs review: historical\_restatement

#### Identity

- Project: Quinns Gold and Copper-Zinc VMS Project
- Commodity: copper
- Region: australia\_wa
- Reported Region: Western Australia
- Ticker: AM5

#### Resource scope

- Estimate type: resource
- Reporting standards: jorc
- Resource group id: resource:366e2d2a57dd4711e609

#### Resource Data

- Category: inferred
- Tonnes: 1480000
- Grade: 1.02
- Grade Unit: %

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Historical: Yes

#### Dates

- Event date: 2026-09-30T00:00:00.000Z

Reasoning: Historical resource estimate for copper at Austin VMS is not JORC 2012 compliant, limiting its current reliability and requiring further work.

- Positive factor: Indication of copper mineralization from a historical estimate.

- Negative factor: Estimate is historical \(JORC 2004\) and not compliant with current standards.

- Negative factor: Insufficient work performed to classify it in accordance with JORC 2012.

- Negative factor: Cut-off grade not disclosed in this document.

Evidence · text

> historical Mineral Resource estimate of 1.48 million tonnes at 1.02% Cu

#### 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: category is "inferred"

**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

**JORC Compliant**

Polarity: positive

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

Why it applies: reporting\_standards includes jorc

**No Contained Metal**

Polarity: negative

Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained\_metal was not reported

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/am5-annual-report-to-shareholders--1c15d46f-09c8-4396-98b2-1ad93724387a#fact-resource-facts-52)

Quinns Gold and Copper-Zinc VMS Project · zinc

Historical result

Needs review: historical\_restatement

#### Identity

- Project: Quinns Gold and Copper-Zinc VMS Project
- Commodity: zinc
- Region: australia\_wa
- Reported Region: Western Australia
- Ticker: AM5

#### Resource scope

- Estimate type: resource
- Reporting standards: jorc
- Resource group id: resource:366e2d2a57dd4711e609

#### Resource Data

- Category: inferred
- Tonnes: 1480000
- Grade: 1.39
- Grade Unit: %

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Historical: Yes

#### Dates

- Event date: 2026-09-30T00:00:00.000Z

Reasoning: Historical resource estimate for zinc at Austin VMS is not JORC 2012 compliant, limiting its current reliability and requiring further work.

- Positive factor: Indication of zinc mineralization from a historical estimate.

- Negative factor: Estimate is historical \(JORC 2004\) and not compliant with current standards.

- Negative factor: Insufficient work performed to classify it in accordance with JORC 2012.

- Negative factor: Cut-off grade not disclosed in this document.

Evidence · text

> 1.39% Zn

#### 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: category is "inferred"

**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

**JORC Compliant**

Polarity: positive

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

Why it applies: reporting\_standards includes jorc

**No Contained Metal**

Polarity: negative

Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained\_metal was not reported

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/am5-annual-report-to-shareholders--1c15d46f-09c8-4396-98b2-1ad93724387a#fact-resource-facts-53)

Quinns Gold and Copper-Zinc VMS Project · silver

Historical result

Needs review: historical\_restatement

#### Identity

- Project: Quinns Gold and Copper-Zinc VMS Project
- Commodity: silver
- Region: australia\_wa
- Reported Region: Western Australia
- Ticker: AM5

#### Resource scope

- Estimate type: resource
- Reporting standards: jorc
- Resource group id: resource:366e2d2a57dd4711e609

#### Resource Data

- Category: inferred
- Tonnes: 1480000
- Grade: 3.51
- Grade Unit: g/t

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Historical: Yes

#### Dates

- Event date: 2026-09-30T00:00:00.000Z

Reasoning: Historical resource estimate for silver at Austin VMS is not JORC 2012 compliant, limiting its current reliability and requiring further work.

- Positive factor: Indication of silver mineralization from a historical estimate.

- Negative factor: Estimate is historical \(JORC 2004\) and not compliant with current standards.

- Negative factor: Insufficient work performed to classify it in accordance with JORC 2012.

- Negative factor: Cut-off grade not disclosed in this document.

Evidence · text

> 3.51g/t Ag

#### 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: category is "inferred"

**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

**JORC Compliant**

Polarity: positive

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

Why it applies: reporting\_standards includes jorc

**No Contained Metal**

Polarity: negative

Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained\_metal was not reported

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/am5-annual-report-to-shareholders--1c15d46f-09c8-4396-98b2-1ad93724387a#fact-resource-facts-54)

Quinns Gold and Copper-Zinc VMS Project · gold

Historical result

Needs review: historical\_restatement

#### Identity

- Project: Quinns Gold and Copper-Zinc VMS Project
- Commodity: gold
- Region: australia\_wa
- Reported Region: Western Australia
- Ticker: AM5

#### Resource scope

- Estimate type: resource
- Reporting standards: jorc
- Resource group id: resource:366e2d2a57dd4711e609

#### Resource Data

- Category: inferred
- Tonnes: 1480000
- Grade: 0.24
- Grade Unit: g/t

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Historical: Yes

#### Dates

- Event date: 2026-09-30T00:00:00.000Z

Reasoning: Historical resource estimate for gold at Austin VMS is not JORC 2012 compliant, limiting its current reliability and requiring further work.

- Positive factor: Indication of gold mineralization from a historical estimate.

- Negative factor: Estimate is historical \(JORC 2004\) and not compliant with current standards.

- Negative factor: Insufficient work performed to classify it in accordance with JORC 2012.

- Negative factor: Cut-off grade not disclosed in this document.

Evidence · text

> 0.24g/t Au reported under the JORC Code 2004.

#### 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: category is "inferred"

**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

**JORC Compliant**

Polarity: positive

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

Why it applies: reporting\_standards includes jorc

**No Contained Metal**

Polarity: negative

Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained\_metal was not reported

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/am5-annual-report-to-shareholders--1c15d46f-09c8-4396-98b2-1ad93724387a#fact-resource-facts-55)

Mt Isa North Copper-Uranium · uranium

Historical result

Needs review: historical\_restatement

#### Identity

- Project: Mt Isa North Copper-Uranium
- Commodity: uranium
- Region: australia\_qld
- Reported Region: australia\_qld
- Ticker: AM5

#### Resource scope

- Estimate type: resource
- Reporting standards: jorc

#### Resource Data

- Category: inferred
- Grade: 330
- Grade Unit: ppm U₃O₈
- Contained Metal: 1.7
- Contained Unit: mlb u₃o₈

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Historical: Yes

#### Dates

- Event date: 2026-09-30T00:00:00.000Z

Reasoning: Historical resource estimate for uranium at Queens Gift is not JORC 2012 compliant, limiting its current reliability and requiring further work.

- Positive factor: Indication of uranium mineralization from a historical estimate.

- Negative factor: Estimate is historical \(JORC 2004\) and not compliant with current standards.

- Negative factor: Insufficient work performed to classify it in accordance with JORC 2012.

- Negative factor: Cut-off grade not disclosed in this document.

Evidence · text

> Queens Gift hosts a historical Mineral Resource of 1.7Mlb U₃O₈ at 330ppm U₃O₈

#### 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: category is "inferred"

**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

**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.