ARL: Chief Financial Officer Appointment

Original announcement by asx on

Company
Ardea Resources Limited
Ticker
ARL
Exchange
ASX
Region
Eastern Goldfields, Western Australia
Primary commodity
Nickel
Secondary commodities
Cobalt
Document categories
Other, Resource update
Extracted
2026-10-14 22:30:39 UTC

Analysis by Minestarters Atlas

Atlas analysis published:

Minestarters Atlas analysis

Summary

Ardea Resources Limited has announced the appointment of Mr Tony Sparks as interim Chief Financial Officer, effective October 15, 2026. Mr Sparks brings extensive experience in financial management and the resources sector. The announcement also includes a previously released Mineral Resource Estimate for its Kalgoorlie Nickel Project as background information, which is stated to be unchanged from its June 2023 release.

Reasoning: The document announces a routine CFO appointment, which is a neutral corporate event. The included Mineral Resource Estimate is explicitly stated as previously released and unchanged, thus having no novelty.

Positive factors

  • Appointment of an experienced CFO

Facts used in scoring: 24

Classification and evidence

Stale Data Re-releasenegative · Story-specific tag

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

Why it applies: The Mineral Resource Estimate information is explicitly stated as previously released on June 30, 2023, and no material changes are reported.

Evidence · text

“The Mineral Resource Estimate information shown in this ASX announcement has been previously released on the ASX platform by Ardea in ASX release 30 June 2023”

JORC Compliantpositive

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

Why it applies: The Mineral Resource Estimate is reported following JORC Code (2012) guidelines.

Evidence · text

“KNP Mineral Resource Estimate (MRE) following JORC Code (2012) guidelines”

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: The resource estimation is based on information reviewed or compiled by Mr Ian Buchhorn and Mr Andrew Penkethman, who are identified as Competent Persons.

Evidence · text

“The Resource Estimation, exploration and industry benchmarking summaries are based on information reviewed or compiled by Mr Ian Buchhorn and Mr Andrew Penkethman. ... qualify as a Competent Person”

Cut-off Disclosedpositive

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

Why it applies: A 0.5% nickel cutoff grade is explicitly stated for reporting resources.

Evidence · text

“Note: 0.5% nickel cutoff grade used to report resources.”

Extracted facts

Stored fact records: 24. Some facts used in scoring do not have a stored record.

Resource Estimates (24)

measuredKalgoorlie Nickel Project · nickelTonnes: 18000000Grade: 0.94Grade Unit: %Contained Metal: 171Contained Unit: ktHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Kalgoorlie Nickel Project
Commodity
nickel
Region
australia_wa
Reported Region
Eastern Goldfields, Western Australia
Ticker
ARL

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Mr Ian Buchhorn, Mr Andrew Penkethman
Resource group id
resource:785d083b12d569fdf2df
Deposit or zone
Goongarrie Hub
Ownership percent
100 %

Resource Data

Category
measured
Tonnes
18000000
Grade
0.94
Grade Unit
%
Contained Metal
171
Contained Unit
kt
Cutoff Grade
0.5
Cutoff Unit
% nickel

Prior Estimate

Resource Date
2023-06-30

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2023-06-30T00:00:00.000Z

Dates

Event date
2026-10-14T00:00:00.000Z

Reasoning: This is a restatement of a previously released Measured resource for nickel at the Goongarrie Hub, with no new information.

Negative factors

  • Stale Data Re-release

Evidence · table

“0.94”

Context: 18

Tags used in scoring

Measured Resourcepositive

Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.

Why it applies: category is "measured"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

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

Why it applies: reporting_standards includes jorc

PFS-Supportingneutral

Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.

Why it applies: the release names the study this estimate supports

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

Stale Estimatenegative

Effective date is >2 years old — data currency concern, may not reflect current geological understanding.

Why it applies: effective date is 3.3 years before this release

measuredKalgoorlie Nickel Project · cobaltTonnes: 18000000Grade: 0.085Grade Unit: %Contained Metal: 15Contained Unit: ktHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Kalgoorlie Nickel Project
Commodity
cobalt
Region
australia_wa
Reported Region
Eastern Goldfields, Western Australia
Ticker
ARL

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Mr Ian Buchhorn, Mr Andrew Penkethman
Resource group id
resource:785d083b12d569fdf2df
Deposit or zone
Goongarrie Hub
Ownership percent
100 %

Resource Data

Category
measured
Tonnes
18000000
Grade
0.085
Grade Unit
%
Contained Metal
15
Contained Unit
kt
Cutoff Grade
0.5
Cutoff Unit
% nickel

Prior Estimate

Resource Date
2023-06-30

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2023-06-30T00:00:00.000Z

Dates

Event date
2026-10-14T00:00:00.000Z

Reasoning: This is a restatement of a previously released Measured resource for cobalt at the Goongarrie Hub, with no new information.

Negative factors

  • Stale Data Re-release

Evidence · table

“0.085”

Context: 18

Tags used in scoring

Measured Resourcepositive

Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.

Why it applies: category is "measured"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

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

Why it applies: reporting_standards includes jorc

PFS-Supportingneutral

Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.

Why it applies: the release names the study this estimate supports

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

Stale Estimatenegative

Effective date is >2 years old — data currency concern, may not reflect current geological understanding.

Why it applies: effective date is 3.3 years before this release

indicatedKalgoorlie Nickel Project · nickelTonnes: 277000000Grade: 0.7Grade Unit: %Contained Metal: 1923Contained Unit: ktHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Kalgoorlie Nickel Project
Commodity
nickel
Region
australia_wa
Reported Region
Eastern Goldfields, Western Australia
Ticker
ARL

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Mr Ian Buchhorn, Mr Andrew Penkethman
Resource group id
resource:5a5cdff13a517f7eeefe
Deposit or zone
Goongarrie Hub
Ownership percent
100 %

Resource Data

Category
indicated
Tonnes
277000000
Grade
0.7
Grade Unit
%
Contained Metal
1923
Contained Unit
kt
Cutoff Grade
0.5
Cutoff Unit
% nickel

Prior Estimate

Resource Date
2023-06-30

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2023-06-30T00:00:00.000Z

Dates

Event date
2026-10-14T00:00:00.000Z

Reasoning: This is a restatement of a previously released Indicated resource for nickel at the Goongarrie Hub, with no new information.

Negative factors

  • Stale Data Re-release

Evidence · table

“0.70”

Context: 277

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

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

Why it applies: reporting_standards includes jorc

PFS-Supportingneutral

Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.

Why it applies: the release names the study this estimate supports

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

Stale Estimatenegative

Effective date is >2 years old — data currency concern, may not reflect current geological understanding.

Why it applies: effective date is 3.3 years before this release

indicatedKalgoorlie Nickel Project · cobaltTonnes: 277000000Grade: 0.046Grade Unit: %Contained Metal: 127Contained Unit: ktHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Kalgoorlie Nickel Project
Commodity
cobalt
Region
australia_wa
Reported Region
Eastern Goldfields, Western Australia
Ticker
ARL

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Mr Ian Buchhorn, Mr Andrew Penkethman
Resource group id
resource:5a5cdff13a517f7eeefe
Deposit or zone
Goongarrie Hub
Ownership percent
100 %

Resource Data

Category
indicated
Tonnes
277000000
Grade
0.046
Grade Unit
%
Contained Metal
127
Contained Unit
kt
Cutoff Grade
0.5
Cutoff Unit
% nickel

Prior Estimate

Resource Date
2023-06-30

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2023-06-30T00:00:00.000Z

Dates

Event date
2026-10-14T00:00:00.000Z

Reasoning: This is a restatement of a previously released Indicated resource for cobalt at the Goongarrie Hub, with no new information.

Negative factors

  • Stale Data Re-release

Evidence · table

“0.046”

Context: 277

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

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

Why it applies: reporting_standards includes jorc

PFS-Supportingneutral

Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.

Why it applies: the release names the study this estimate supports

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

Stale Estimatenegative

Effective date is >2 years old — data currency concern, may not reflect current geological understanding.

Why it applies: effective date is 3.3 years before this release

inferredKalgoorlie Nickel Project · nickelTonnes: 289000000Grade: 0.67Grade Unit: %Contained Metal: 1951Contained Unit: ktHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Kalgoorlie Nickel Project
Commodity
nickel
Region
australia_wa
Reported Region
Eastern Goldfields, Western Australia
Ticker
ARL

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Mr Ian Buchhorn, Mr Andrew Penkethman
Resource group id
resource:2ff0e129497cb5880a09
Deposit or zone
Goongarrie Hub
Ownership percent
100 %

Resource Data

Category
inferred
Tonnes
289000000
Grade
0.67
Grade Unit
%
Contained Metal
1951
Contained Unit
kt
Cutoff Grade
0.5
Cutoff Unit
% nickel

Prior Estimate

Resource Date
2023-06-30

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2023-06-30T00:00:00.000Z

Dates

Event date
2026-10-14T00:00:00.000Z

Reasoning: This is a restatement of a previously released Inferred resource for nickel at the Goongarrie Hub, with no new information.

Negative factors

  • Stale Data Re-release

Evidence · table

“0.67”

Context: 289

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

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

Why it applies: reporting_standards includes jorc

PFS-Supportingneutral

Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.

Why it applies: the release names the study this estimate supports

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

Stale Estimatenegative

Effective date is >2 years old — data currency concern, may not reflect current geological understanding.

Why it applies: effective date is 3.3 years before this release

inferredKalgoorlie Nickel Project · cobaltTonnes: 289000000Grade: 0.037Grade Unit: %Contained Metal: 108Contained Unit: ktHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Kalgoorlie Nickel Project
Commodity
cobalt
Region
australia_wa
Reported Region
Eastern Goldfields, Western Australia
Ticker
ARL

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Mr Ian Buchhorn, Mr Andrew Penkethman
Resource group id
resource:2ff0e129497cb5880a09
Deposit or zone
Goongarrie Hub
Ownership percent
100 %

Resource Data

Category
inferred
Tonnes
289000000
Grade
0.037
Grade Unit
%
Contained Metal
108
Contained Unit
kt
Cutoff Grade
0.5
Cutoff Unit
% nickel

Prior Estimate

Resource Date
2023-06-30

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2023-06-30T00:00:00.000Z

Dates

Event date
2026-10-14T00:00:00.000Z

Reasoning: This is a restatement of a previously released Inferred resource for cobalt at the Goongarrie Hub, with no new information.

Negative factors

  • Stale Data Re-release

Evidence · table

“0.037”

Context: 289

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

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

Why it applies: reporting_standards includes jorc

PFS-Supportingneutral

Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.

Why it applies: the release names the study this estimate supports

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

Stale Estimatenegative

Effective date is >2 years old — data currency concern, may not reflect current geological understanding.

Why it applies: effective date is 3.3 years before this release

inferredKalgoorlie Nickel Project · nickelTonnes: 584000000Grade: 0.69Grade Unit: %Contained Metal: 4044Contained Unit: ktHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Kalgoorlie Nickel Project
Commodity
nickel
Region
australia_wa
Reported Region
Eastern Goldfields, Western Australia
Ticker
ARL

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Mr Ian Buchhorn, Mr Andrew Penkethman
Resource group id
resource:98e8e4dfa5efeced8bad
Deposit or zone
Goongarrie Hub
Ownership percent
65 %

Resource Data

Category
inferred
Tonnes
584000000
Grade
0.69
Grade Unit
%
Contained Metal
4044
Contained Unit
kt
Cutoff Grade
0.5
Cutoff Unit
% nickel

Prior Estimate

Resource Date
2023-06-30

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2023-06-30T00:00:00.000Z

Dates

Event date
2026-10-14T00:00:00.000Z

Reasoning: This is a restatement of a previously released combined resource for nickel at the Goongarrie Hub, with no new information.

Negative factors

  • Stale Data Re-release

Evidence · table

“0.69”

Context: 584

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

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

Why it applies: reporting_standards includes jorc

PFS-Supportingneutral

Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.

Why it applies: the release names the study this estimate supports

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

Stale Estimatenegative

Effective date is >2 years old — data currency concern, may not reflect current geological understanding.

Why it applies: effective date is 3.3 years before this release

inferredKalgoorlie Nickel Project · cobaltTonnes: 584000000Grade: 0.043Grade Unit: %Contained Metal: 250Contained Unit: ktHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Kalgoorlie Nickel Project
Commodity
cobalt
Region
australia_wa
Reported Region
Eastern Goldfields, Western Australia
Ticker
ARL

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Mr Ian Buchhorn, Mr Andrew Penkethman
Resource group id
resource:98e8e4dfa5efeced8bad
Deposit or zone
Goongarrie Hub
Ownership percent
65 %

Resource Data

Category
inferred
Tonnes
584000000
Grade
0.043
Grade Unit
%
Contained Metal
250
Contained Unit
kt
Cutoff Grade
0.5
Cutoff Unit
% nickel

Prior Estimate

Resource Date
2023-06-30

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2023-06-30T00:00:00.000Z

Dates

Event date
2026-10-14T00:00:00.000Z

Reasoning: This is a restatement of a previously released combined resource for cobalt at the Goongarrie Hub, with no new information.

Negative factors

  • Stale Data Re-release

Evidence · table

“0.043”

Context: 584

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

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

Why it applies: reporting_standards includes jorc

PFS-Supportingneutral

Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.

Why it applies: the release names the study this estimate supports

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

Stale Estimatenegative

Effective date is >2 years old — data currency concern, may not reflect current geological understanding.

Why it applies: effective date is 3.3 years before this release

measuredKalgoorlie Nickel Project · nickelTonnes: 4000000Grade: 0.94Grade Unit: %Contained Metal: 36Contained Unit: ktHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Kalgoorlie Nickel Project
Commodity
nickel
Region
australia_wa
Reported Region
Eastern Goldfields, Western Australia
Ticker
ARL

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Mr Ian Buchhorn, Mr Andrew Penkethman
Resource group id
resource:be4c2cec04862b0e8ba9
Deposit or zone
Kalpini Hub including Yerilla Hub
Ownership percent
100 %

Resource Data

Category
measured
Tonnes
4000000
Grade
0.94
Grade Unit
%
Contained Metal
36
Contained Unit
kt
Cutoff Grade
0.5
Cutoff Unit
% nickel

Prior Estimate

Resource Date
2023-06-30

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2023-06-30T00:00:00.000Z

Dates

Event date
2026-10-14T00:00:00.000Z

Reasoning: This is a restatement of a previously released Measured resource for nickel at the Kalpini Hub, with no new information.

Negative factors

  • Stale Data Re-release

Evidence · table

“0.94”

Context: 4

Tags used in scoring

Measured Resourcepositive

Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.

Why it applies: category is "measured"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

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

Why it applies: reporting_standards includes jorc

PFS-Supportingneutral

Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.

Why it applies: the release names the study this estimate supports

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

Stale Estimatenegative

Effective date is >2 years old — data currency concern, may not reflect current geological understanding.

Why it applies: effective date is 3.3 years before this release

measuredKalgoorlie Nickel Project · cobaltTonnes: 4000000Grade: 0.048Grade Unit: %Contained Metal: 2Contained Unit: ktHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Kalgoorlie Nickel Project
Commodity
cobalt
Region
australia_wa
Reported Region
Eastern Goldfields, Western Australia
Ticker
ARL

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Mr Ian Buchhorn, Mr Andrew Penkethman
Resource group id
resource:be4c2cec04862b0e8ba9
Deposit or zone
Kalpini Hub including Yerilla Hub
Ownership percent
100 %

Resource Data

Category
measured
Tonnes
4000000
Grade
0.048
Grade Unit
%
Contained Metal
2
Contained Unit
kt
Cutoff Grade
0.5
Cutoff Unit
% nickel

Prior Estimate

Resource Date
2023-06-30

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2023-06-30T00:00:00.000Z

Dates

Event date
2026-10-14T00:00:00.000Z

Reasoning: This is a restatement of a previously released Measured resource for cobalt at the Kalpini Hub, with no new information.

Negative factors

  • Stale Data Re-release

Evidence · table

“0.048”

Context: 4

Tags used in scoring

Measured Resourcepositive

Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.

Why it applies: category is "measured"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

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

Why it applies: reporting_standards includes jorc

PFS-Supportingneutral

Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.

Why it applies: the release names the study this estimate supports

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

Stale Estimatenegative

Effective date is >2 years old — data currency concern, may not reflect current geological understanding.

Why it applies: effective date is 3.3 years before this release

indicatedKalgoorlie Nickel Project · nickelTonnes: 84000000Grade: 0.83Grade Unit: %Contained Metal: 699Contained Unit: ktHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Kalgoorlie Nickel Project
Commodity
nickel
Region
australia_wa
Reported Region
Eastern Goldfields, Western Australia
Ticker
ARL

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Mr Ian Buchhorn, Mr Andrew Penkethman
Resource group id
resource:dfc57cd8642cd0f00966
Deposit or zone
Kalpini Hub including Yerilla Hub
Ownership percent
100 %

Resource Data

Category
indicated
Tonnes
84000000
Grade
0.83
Grade Unit
%
Contained Metal
699
Contained Unit
kt
Cutoff Grade
0.5
Cutoff Unit
% nickel

Prior Estimate

Resource Date
2023-06-30

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2023-06-30T00:00:00.000Z

Dates

Event date
2026-10-14T00:00:00.000Z

Reasoning: This is a restatement of a previously released Indicated resource for nickel at the Kalpini Hub, with no new information.

Negative factors

  • Stale Data Re-release

Evidence · table

“0.83”

Context: 84

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

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

Why it applies: reporting_standards includes jorc

PFS-Supportingneutral

Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.

Why it applies: the release names the study this estimate supports

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

Stale Estimatenegative

Effective date is >2 years old — data currency concern, may not reflect current geological understanding.

Why it applies: effective date is 3.3 years before this release

indicatedKalgoorlie Nickel Project · cobaltTonnes: 84000000Grade: 0.05Grade Unit: %Contained Metal: 42Contained Unit: ktHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Kalgoorlie Nickel Project
Commodity
cobalt
Region
australia_wa
Reported Region
Eastern Goldfields, Western Australia
Ticker
ARL

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Mr Ian Buchhorn, Mr Andrew Penkethman
Resource group id
resource:dfc57cd8642cd0f00966
Deposit or zone
Kalpini Hub including Yerilla Hub
Ownership percent
100 %

Resource Data

Category
indicated
Tonnes
84000000
Grade
0.05
Grade Unit
%
Contained Metal
42
Contained Unit
kt
Cutoff Grade
0.5
Cutoff Unit
% nickel

Prior Estimate

Resource Date
2023-06-30

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2023-06-30T00:00:00.000Z

Dates

Event date
2026-10-14T00:00:00.000Z

Reasoning: This is a restatement of a previously released Indicated resource for cobalt at the Kalpini Hub, with no new information.

Negative factors

  • Stale Data Re-release

Evidence · table

“0.050”

Context: 84

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

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

Why it applies: reporting_standards includes jorc

PFS-Supportingneutral

Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.

Why it applies: the release names the study this estimate supports

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

Stale Estimatenegative

Effective date is >2 years old — data currency concern, may not reflect current geological understanding.

Why it applies: effective date is 3.3 years before this release

inferredKalgoorlie Nickel Project · nickelTonnes: 182000000Grade: 0.73Grade Unit: %Contained Metal: 1321Contained Unit: ktHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Kalgoorlie Nickel Project
Commodity
nickel
Region
australia_wa
Reported Region
Eastern Goldfields, Western Australia
Ticker
ARL

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Mr Ian Buchhorn, Mr Andrew Penkethman
Resource group id
resource:81571c22b9e7cffc1125
Deposit or zone
Kalpini Hub including Yerilla Hub
Ownership percent
100 %

Resource Data

Category
inferred
Tonnes
182000000
Grade
0.73
Grade Unit
%
Contained Metal
1321
Contained Unit
kt
Cutoff Grade
0.5
Cutoff Unit
% nickel

Prior Estimate

Resource Date
2023-06-30

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2023-06-30T00:00:00.000Z

Dates

Event date
2026-10-14T00:00:00.000Z

Reasoning: This is a restatement of a previously released Inferred resource for nickel at the Kalpini Hub, with no new information.

Negative factors

  • Stale Data Re-release

Evidence · table

“0.73”

Context: 182

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

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

Why it applies: reporting_standards includes jorc

PFS-Supportingneutral

Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.

Why it applies: the release names the study this estimate supports

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

Stale Estimatenegative

Effective date is >2 years old — data currency concern, may not reflect current geological understanding.

Why it applies: effective date is 3.3 years before this release

inferredKalgoorlie Nickel Project · cobaltTonnes: 182000000Grade: 0.051Grade Unit: %Contained Metal: 92Contained Unit: ktHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Kalgoorlie Nickel Project
Commodity
cobalt
Region
australia_wa
Reported Region
Eastern Goldfields, Western Australia
Ticker
ARL

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Mr Ian Buchhorn, Mr Andrew Penkethman
Resource group id
resource:81571c22b9e7cffc1125
Deposit or zone
Kalpini Hub including Yerilla Hub
Ownership percent
100 %

Resource Data

Category
inferred
Tonnes
182000000
Grade
0.051
Grade Unit
%
Contained Metal
92
Contained Unit
kt
Cutoff Grade
0.5
Cutoff Unit
% nickel

Prior Estimate

Resource Date
2023-06-30

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2023-06-30T00:00:00.000Z

Dates

Event date
2026-10-14T00:00:00.000Z

Reasoning: This is a restatement of a previously released Inferred resource for cobalt at the Kalpini Hub, with no new information.

Negative factors

  • Stale Data Re-release

Evidence · table

“0.051”

Context: 182

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

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

Why it applies: reporting_standards includes jorc

PFS-Supportingneutral

Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.

Why it applies: the release names the study this estimate supports

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

Stale Estimatenegative

Effective date is >2 years old — data currency concern, may not reflect current geological understanding.

Why it applies: effective date is 3.3 years before this release

inferredKalgoorlie Nickel Project · nickelTonnes: 270000000Grade: 0.76Grade Unit: %Contained Metal: 2056Contained Unit: ktHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Kalgoorlie Nickel Project
Commodity
nickel
Region
australia_wa
Reported Region
Eastern Goldfields, Western Australia
Ticker
ARL

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Mr Ian Buchhorn, Mr Andrew Penkethman
Resource group id
resource:669b778d4e0020b4e84c
Deposit or zone
Kalpini Hub including Yerilla Hub
Ownership percent
100 %

Resource Data

Category
inferred
Tonnes
270000000
Grade
0.76
Grade Unit
%
Contained Metal
2056
Contained Unit
kt
Cutoff Grade
0.5
Cutoff Unit
% nickel

Prior Estimate

Resource Date
2023-06-30

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2023-06-30T00:00:00.000Z

Dates

Event date
2026-10-14T00:00:00.000Z

Reasoning: This is a restatement of a previously released combined resource for nickel at the Kalpini Hub, with no new information.

Negative factors

  • Stale Data Re-release

Evidence · table

“0.76”

Context: 270

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

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

Why it applies: reporting_standards includes jorc

PFS-Supportingneutral

Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.

Why it applies: the release names the study this estimate supports

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

Stale Estimatenegative

Effective date is >2 years old — data currency concern, may not reflect current geological understanding.

Why it applies: effective date is 3.3 years before this release

inferredKalgoorlie Nickel Project · cobaltTonnes: 270000000Grade: 0.05Grade Unit: %Contained Metal: 136Contained Unit: ktHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Kalgoorlie Nickel Project
Commodity
cobalt
Region
australia_wa
Reported Region
Eastern Goldfields, Western Australia
Ticker
ARL

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Mr Ian Buchhorn, Mr Andrew Penkethman
Resource group id
resource:669b778d4e0020b4e84c
Deposit or zone
Kalpini Hub including Yerilla Hub
Ownership percent
100 %

Resource Data

Category
inferred
Tonnes
270000000
Grade
0.05
Grade Unit
%
Contained Metal
136
Contained Unit
kt
Cutoff Grade
0.5
Cutoff Unit
% nickel

Prior Estimate

Resource Date
2023-06-30

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2023-06-30T00:00:00.000Z

Dates

Event date
2026-10-14T00:00:00.000Z

Reasoning: This is a restatement of a previously released combined resource for cobalt at the Kalpini Hub, with no new information.

Negative factors

  • Stale Data Re-release

Evidence · table

“0.050”

Context: 270

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

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

Why it applies: reporting_standards includes jorc

PFS-Supportingneutral

Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.

Why it applies: the release names the study this estimate supports

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

Stale Estimatenegative

Effective date is >2 years old — data currency concern, may not reflect current geological understanding.

Why it applies: effective date is 3.3 years before this release

measuredKalgoorlie Nickel Project · nickelTonnes: 22000000Grade: 0.94Grade Unit: %Contained Metal: 207Contained Unit: ktHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Kalgoorlie Nickel Project
Commodity
nickel
Region
australia_wa
Reported Region
Eastern Goldfields, Western Australia
Ticker
ARL

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Mr Ian Buchhorn, Mr Andrew Penkethman
Resource group id
resource:ccdd0ecb1916f0367ec3
Deposit or zone
Kalgoorlie Nickel Project Total
Ownership percent
100 %

Resource Data

Category
measured
Tonnes
22000000
Grade
0.94
Grade Unit
%
Contained Metal
207
Contained Unit
kt
Cutoff Grade
0.5
Cutoff Unit
% nickel

Prior Estimate

Resource Date
2023-06-30

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2023-06-30T00:00:00.000Z

Dates

Event date
2026-10-14T00:00:00.000Z

Reasoning: This is a restatement of a previously released Measured resource for nickel at the Kalgoorlie Nickel Project Total, with no new information.

Negative factors

  • Stale Data Re-release

Evidence · table

“0.94”

Context: 22

Tags used in scoring

Measured Resourcepositive

Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.

Why it applies: category is "measured"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

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

Why it applies: reporting_standards includes jorc

PFS-Supportingneutral

Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.

Why it applies: the release names the study this estimate supports

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

Stale Estimatenegative

Effective date is >2 years old — data currency concern, may not reflect current geological understanding.

Why it applies: effective date is 3.3 years before this release

measuredKalgoorlie Nickel Project · cobaltTonnes: 22000000Grade: 0.079Grade Unit: %Contained Metal: 17Contained Unit: ktHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Kalgoorlie Nickel Project
Commodity
cobalt
Region
australia_wa
Reported Region
Eastern Goldfields, Western Australia
Ticker
ARL

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Mr Ian Buchhorn, Mr Andrew Penkethman
Resource group id
resource:ccdd0ecb1916f0367ec3
Deposit or zone
Kalgoorlie Nickel Project Total
Ownership percent
100 %

Resource Data

Category
measured
Tonnes
22000000
Grade
0.079
Grade Unit
%
Contained Metal
17
Contained Unit
kt
Cutoff Grade
0.5
Cutoff Unit
% nickel

Prior Estimate

Resource Date
2023-06-30

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2023-06-30T00:00:00.000Z

Dates

Event date
2026-10-14T00:00:00.000Z

Reasoning: This is a restatement of a previously released Measured resource for cobalt at the Kalgoorlie Nickel Project Total, with no new information.

Negative factors

  • Stale Data Re-release

Evidence · table

“0.079”

Context: 22

Tags used in scoring

Measured Resourcepositive

Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.

Why it applies: category is "measured"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

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

Why it applies: reporting_standards includes jorc

PFS-Supportingneutral

Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.

Why it applies: the release names the study this estimate supports

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

Stale Estimatenegative

Effective date is >2 years old — data currency concern, may not reflect current geological understanding.

Why it applies: effective date is 3.3 years before this release

indicatedKalgoorlie Nickel Project · nickelTonnes: 361000000Grade: 0.73Grade Unit: %Contained Metal: 2622Contained Unit: ktHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Kalgoorlie Nickel Project
Commodity
nickel
Region
australia_wa
Reported Region
Eastern Goldfields, Western Australia
Ticker
ARL

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Mr Ian Buchhorn, Mr Andrew Penkethman
Resource group id
resource:c689ad7fd10faa5ec99b
Deposit or zone
Kalgoorlie Nickel Project Total
Ownership percent
100 %

Resource Data

Category
indicated
Tonnes
361000000
Grade
0.73
Grade Unit
%
Contained Metal
2622
Contained Unit
kt
Cutoff Grade
0.5
Cutoff Unit
% nickel

Prior Estimate

Resource Date
2023-06-30

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2023-06-30T00:00:00.000Z

Dates

Event date
2026-10-14T00:00:00.000Z

Reasoning: This is a restatement of a previously released Indicated resource for nickel at the Kalgoorlie Nickel Project Total, with no new information.

Negative factors

  • Stale Data Re-release

Evidence · table

“0.73”

Context: 361

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

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

Why it applies: reporting_standards includes jorc

PFS-Supportingneutral

Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.

Why it applies: the release names the study this estimate supports

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

Stale Estimatenegative

Effective date is >2 years old — data currency concern, may not reflect current geological understanding.

Why it applies: effective date is 3.3 years before this release

indicatedKalgoorlie Nickel Project · cobaltTonnes: 361000000Grade: 0.047Grade Unit: %Contained Metal: 169Contained Unit: ktHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Kalgoorlie Nickel Project
Commodity
cobalt
Region
australia_wa
Reported Region
Eastern Goldfields, Western Australia
Ticker
ARL

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Mr Ian Buchhorn, Mr Andrew Penkethman
Resource group id
resource:c689ad7fd10faa5ec99b
Deposit or zone
Kalgoorlie Nickel Project Total
Ownership percent
100 %

Resource Data

Category
indicated
Tonnes
361000000
Grade
0.047
Grade Unit
%
Contained Metal
169
Contained Unit
kt
Cutoff Grade
0.5
Cutoff Unit
% nickel

Prior Estimate

Resource Date
2023-06-30

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2023-06-30T00:00:00.000Z

Dates

Event date
2026-10-14T00:00:00.000Z

Reasoning: This is a restatement of a previously released Indicated resource for cobalt at the Kalgoorlie Nickel Project Total, with no new information.

Negative factors

  • Stale Data Re-release

Evidence · table

“0.047”

Context: 361

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

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

Why it applies: reporting_standards includes jorc

PFS-Supportingneutral

Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.

Why it applies: the release names the study this estimate supports

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

Stale Estimatenegative

Effective date is >2 years old — data currency concern, may not reflect current geological understanding.

Why it applies: effective date is 3.3 years before this release

inferredKalgoorlie Nickel Project · nickelTonnes: 471000000Grade: 0.7Grade Unit: %Contained Metal: 3272Contained Unit: ktHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Kalgoorlie Nickel Project
Commodity
nickel
Region
australia_wa
Reported Region
Eastern Goldfields, Western Australia
Ticker
ARL

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Mr Ian Buchhorn, Mr Andrew Penkethman
Resource group id
resource:37d3de7a7559ba98b880
Deposit or zone
Kalgoorlie Nickel Project Total
Ownership percent
100 %

Resource Data

Category
inferred
Tonnes
471000000
Grade
0.7
Grade Unit
%
Contained Metal
3272
Contained Unit
kt
Cutoff Grade
0.5
Cutoff Unit
% nickel

Prior Estimate

Resource Date
2023-06-30

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2023-06-30T00:00:00.000Z

Dates

Event date
2026-10-14T00:00:00.000Z

Reasoning: This is a restatement of a previously released Inferred resource for nickel at the Kalgoorlie Nickel Project Total, with no new information.

Negative factors

  • Stale Data Re-release

Evidence · table

“0.70”

Context: 471

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

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

Why it applies: reporting_standards includes jorc

PFS-Supportingneutral

Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.

Why it applies: the release names the study this estimate supports

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

Stale Estimatenegative

Effective date is >2 years old — data currency concern, may not reflect current geological understanding.

Why it applies: effective date is 3.3 years before this release

inferredKalgoorlie Nickel Project · cobaltTonnes: 471000000Grade: 0.043Grade Unit: %Contained Metal: 200Contained Unit: ktHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Kalgoorlie Nickel Project
Commodity
cobalt
Region
australia_wa
Reported Region
Eastern Goldfields, Western Australia
Ticker
ARL

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Mr Ian Buchhorn, Mr Andrew Penkethman
Resource group id
resource:37d3de7a7559ba98b880
Deposit or zone
Kalgoorlie Nickel Project Total
Ownership percent
100 %

Resource Data

Category
inferred
Tonnes
471000000
Grade
0.043
Grade Unit
%
Contained Metal
200
Contained Unit
kt
Cutoff Grade
0.5
Cutoff Unit
% nickel

Prior Estimate

Resource Date
2023-06-30

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2023-06-30T00:00:00.000Z

Dates

Event date
2026-10-14T00:00:00.000Z

Reasoning: This is a restatement of a previously released Inferred resource for cobalt at the Kalgoorlie Nickel Project Total, with no new information.

Negative factors

  • Stale Data Re-release

Evidence · table

“0.043”

Context: 471

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

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

Why it applies: reporting_standards includes jorc

PFS-Supportingneutral

Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.

Why it applies: the release names the study this estimate supports

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

Stale Estimatenegative

Effective date is >2 years old — data currency concern, may not reflect current geological understanding.

Why it applies: effective date is 3.3 years before this release

inferredKalgoorlie Nickel Project · nickelTonnes: 854000000Grade: 0.71Grade Unit: %Contained Metal: 6101Contained Unit: ktHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Kalgoorlie Nickel Project
Commodity
nickel
Region
australia_wa
Reported Region
Eastern Goldfields, Western Australia
Ticker
ARL

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Mr Ian Buchhorn, Mr Andrew Penkethman
Resource group id
resource:64d2a10ac2806625fdb8
Deposit or zone
Kalgoorlie Nickel Project Total

Resource Data

Category
inferred
Tonnes
854000000
Grade
0.71
Grade Unit
%
Contained Metal
6101
Contained Unit
kt
Cutoff Grade
0.5
Cutoff Unit
% nickel

Prior Estimate

Resource Date
2023-06-30

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2023-06-30T00:00:00.000Z

Dates

Event date
2026-10-14T00:00:00.000Z

Reasoning: This is a restatement of a previously released Grand Total resource for nickel at the Kalgoorlie Nickel Project, with no new information.

Negative factors

  • Stale Data Re-release

Evidence · table

“0.71”

Context: 854

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

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

Why it applies: reporting_standards includes jorc

PFS-Supportingneutral

Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.

Why it applies: the release names the study this estimate supports

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

Stale Estimatenegative

Effective date is >2 years old — data currency concern, may not reflect current geological understanding.

Why it applies: effective date is 3.3 years before this release

inferredKalgoorlie Nickel Project · cobaltTonnes: 854000000Grade: 0.045Grade Unit: %Contained Metal: 386Contained Unit: ktHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Kalgoorlie Nickel Project
Commodity
cobalt
Region
australia_wa
Reported Region
Eastern Goldfields, Western Australia
Ticker
ARL

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Mr Ian Buchhorn, Mr Andrew Penkethman
Resource group id
resource:64d2a10ac2806625fdb8
Deposit or zone
Kalgoorlie Nickel Project Total

Resource Data

Category
inferred
Tonnes
854000000
Grade
0.045
Grade Unit
%
Contained Metal
386
Contained Unit
kt
Cutoff Grade
0.5
Cutoff Unit
% nickel

Prior Estimate

Resource Date
2023-06-30

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2023-06-30T00:00:00.000Z

Dates

Event date
2026-10-14T00:00:00.000Z

Reasoning: This is a restatement of a previously released Grand Total resource for cobalt at the Kalgoorlie Nickel Project, with no new information.

Negative factors

  • Stale Data Re-release

Evidence · table

“0.045”

Context: 854

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

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

Why it applies: reporting_standards includes jorc

PFS-Supportingneutral

Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.

Why it applies: the release names the study this estimate supports

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

Stale Estimatenegative

Effective date is >2 years old — data currency concern, may not reflect current geological understanding.

Why it applies: effective date is 3.3 years before this release

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.