# AS1: Results demonstrate potential for resource growth at Massan Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/as1-results-demonstrate-potential-for-resource-growth-at-massan--8cf6f433-1faf-45cf-9c64-ff989d341a4a Original source: https://www.asx.com.au/asx/v2/statistics/displayAnnouncement.do?display=pdf&idsId=03153894 Publisher: asx Original announcement: 2026-10-18T22:38:00.000Z Analysis by Minestarters Atlas Atlas analysis published: 2026-10-18T23:22:51.583Z Atlas analysis updated: 2026-10-18T23:22:51.583Z - Company: Asara Resources Limited - Ticker: AS1 - Exchange: ASX - Region: Guinea, West Africa - Primary commodity: Gold - Secondary commodities: None reported - Document categories: Drill results, Resource update - Extracted: 2026-10-18 23:22:52 UTC Narrative sentiment: 0.80 · Bullish ## Minestarters Atlas summary Asara Resources Limited announced strong new gold assay results from 154 drillholes at its Massan Deposit in Guinea, West Africa, which were not part of the August 2026 Mineral Resource Estimate. These results, including high-grade intercepts like 14m at 8.3 g/t Au, support the ongoing program to convert Inferred material to Indicated resources and expand the existing resource footprint. The company is also progressing its Definitive Feasibility Study ahead of schedule and has commenced drilling at a new satellite target. Reasoning: The announcement reports strong new gold drill results from 154 holes at the Massan Deposit, which were not included in the August 2026 MRE. These results demonstrate high-grade intercepts and continuity, supporting the conversion of Inferred to Indicated resources and extending mineralization, while the DFS progresses ahead of schedule. - Positive factor: High-grade gold intercepts - Positive factor: Resource conversion potential - Positive factor: Resource expansion beyond current footprint - Positive factor: DFS progressing ahead of schedule - Positive factor: New target drilling commenced Low confidence — this extraction should be reviewed alongside the original source. Facts used in scoring: 58 ## Classification and evidence **Bonanza Intercept** Polarity: positive Definition: Exceptionally high-grade zone, well above the deposit-type norm. Why it applies: The intercept of 1m @ 108.4 g/t Au in MSDD26-010 is exceptionally high-grade, well above the deposit-type norm for gold. Evidence · table > 1m @ 108.4 g/t Au Context: 1 **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: The release includes extensive QA/QC disclosure, mentioning certified laboratory methods, QP sign-off, and methods like blanks, standards, and duplicates. Evidence · text > Sampling is conducted in accordance with QA/QC procedures in line with industry standards. ... All analytical results are derived from certified laboratory methods. ... Field QA/QC procedures comprise the routine insertion of certified reference materials \(CRMs\), blanks, field duplicates and pulp duplicates **Compositing Transparent** Polarity: positive Definition: Cut-off grade and internal dilution rules are clearly stated for reported intervals. Why it applies: The cut-off grade of 0.3 g/t gold over 2m and maximum internal dilution of 3m are clearly stated for reported intervals. Evidence · text > a cut-off grade of 0.3 g/t gold over 2 m has been applied. In calculating reported intercepts, up to 3 m \(downhole\) of continuous internal waste was permitted **True Width Disclosed** Polarity: positive Definition: Actual thickness perpendicular to structure is stated, not just downhole length. Why it applies: The document states that drilling was planned to intersect mineralization in a near-perpendicular manner and that no significant sampling bias related to drilling orientation has been identified. Evidence · text > The orientation of RC and diamond drill holes was designed to intersect the interpreted mineralised structures as close to perpendicular as practicable... No significant sampling bias related to drilling orientation has been identified. **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: The drilling program is principally focused on increasing and expanding the Indicated portion of the Massan Mineral Resource and converting Inferred material to Indicated. Evidence · text > Drilling has remained ongoing since the MRE update, focused principally on increasing and expanding the Indicated portion of the Massan Mineral Resource **Step-Out Extension** Polarity: positive Definition: Mineralization extended beyond the previously known limit. Why it applies: The drilling program is continuing to test extensions to the mineralised system beyond the current Resource footprint and outside the current Mineral Resource footprint. Evidence · text > continuing to test extensions to the mineralised system beyond the current Resource footprint. ... several significant intercepts have also been returned outside the current Mineral Resource footprint **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: The Mineral Resource Estimate has been prepared in accordance with the JORC Code \(2012\). Evidence · text > The Mineral Resource Estimate has been prepared in accordance with the JORC Code \(2012\) **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: Dr. Ryan Langdon is named as the Competent Person for the MRE, and Andrew de Klerk is named as the Competent Person for exploration results. Evidence · text > The Competent Person is Dr. Ryan Langdon PhD MEarthSci MCSMCGeol, a full-time employee of Asara Resources Limited. ... Andrew de Klerk, who is a registered natural scientist with the South African Council for Natural Scientific Professions \(SACNASP\) and is a member of both the Geological Society of South Africa \(GSSA\) and the South African Institute of Mining and Metallurgy \(SAIMM\). Mr de Klerk is the VP of Exploration for the Company. **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: The cut-off grade of 0.32 g/t Au for the MRE is clearly stated. Evidence · text > reported above a cut-off grade of 0.32g/t Au **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: A significant portion of the reported resource is in the Inferred category, which is a speculative category with limited drilling. Evidence · table > Inferred Context: 39.87 **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: A significant portion of the reported resource is in the Indicated category, providing reasonable geological confidence. Evidence · table > Indicated Context: 51.37 ## Extracted facts Stored fact records: 58. Some facts used in scoring do not have a stored record. ## Drill Results (43) ### MSDD26-010 [Link to this fact](https://atlas-staging.minestarters.com/news/as1-results-demonstrate-potential-for-resource-growth-at-massan--8cf6f433-1faf-45cf-9c64-ff989d341a4a#fact-drill-facts-0) Kada · gold #### Identity - Hole ID: MSDD26-010 - Project: Kada - Commodity: gold - Region: guinea, west africa - Reported Region: guinea, west africa - Ticker: AS1 #### Geometry - Grade: 8.3 - Grade Unit: g/t - Intercept: 14 m - From: 19 m - To: 33 m - Hole Depth: 300.5 m - Intercept Depth: 19 m #### Classification - Deposit Type: orogenic - Program: mixed - Sample Type: drill - Group ID: MSDD26-010:19-33 - Mining Method: open\_pit #### Location - Easting: 456446 - Northing: 1223966 - CRS: WGS84 UTM Zone 29N - Elevation: 384 m - Azimuth: 295 ° - Dip: -60 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - QA/QC Disclosed: Yes - Lab Certified: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Compositing - Cutoff Grade: 0.3 - Cutoff Unit: g/t gold - Max Dilution: 3 m #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-18T00:00:00.000Z Reasoning: This intercept of 14m at 8.3 g/t Au includes a bonanza grade sub-interval, significantly contributing to resource growth and conversion. - Positive factor: Bonanza Intercept - Positive factor: Strong Grade-Width Product Evidence · table > 8.3 Context: 14 #### 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 **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "mixed" **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "ASX ANNOUNCEMENT 19 October 2026 1 ASARA RESOURCES LIMITED \| ASX:AS1 The Park Business Centre, 45 Ventnor Avenue West Pe" ### MSDD26-010 [Link to this fact](https://atlas-staging.minestarters.com/news/as1-results-demonstrate-potential-for-resource-growth-at-massan--8cf6f433-1faf-45cf-9c64-ff989d341a4a#fact-drill-facts-1) Kada · gold #### Identity - Hole ID: MSDD26-010 - Project: Kada - Commodity: gold - Region: guinea, west africa - Reported Region: guinea, west africa - Ticker: AS1 #### Geometry - Grade: 108.4 - Grade Unit: g/t - Intercept: 1 m - From: 20 m - To: 21 m - Hole Depth: 300.5 m - Intercept Depth: 19 m #### Classification - Deposit Type: orogenic - Program: mixed - Sample Type: drill - Group ID: MSDD26-010:20-21 - Mining Method: open\_pit #### Location - Easting: 456446 - Northing: 1223966 - CRS: WGS84 UTM Zone 29N - Elevation: 384 m - Azimuth: 295 ° - Dip: -60 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - QA/QC Disclosed: Yes - Lab Certified: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Compositing - Cutoff Grade: 0.3 - Cutoff Unit: g/t gold - Max Dilution: 3 m #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-18T00:00:00.000Z Reasoning: This exceptionally high-grade sub-interval of 1m at 108.4 g/t Au demonstrates bonanza grades within the broader mineralized zone. - Positive factor: Bonanza Intercept Evidence · table > 108.4 Context: 1 #### 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 **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "mixed" **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "ASX ANNOUNCEMENT 19 October 2026 1 ASARA RESOURCES LIMITED \| ASX:AS1 The Park Business Centre, 45 Ventnor Avenue West Pe" ### MSRCD26-184 [Link to this fact](https://atlas-staging.minestarters.com/news/as1-results-demonstrate-potential-for-resource-growth-at-massan--8cf6f433-1faf-45cf-9c64-ff989d341a4a#fact-drill-facts-2) Kada · gold #### Identity - Hole ID: MSRCD26-184 - Project: Kada - Commodity: gold - Region: guinea, west africa - Reported Region: guinea, west africa - Ticker: AS1 #### Geometry - Grade: 1 - Grade Unit: g/t - Intercept: 46 m - From: 49 m - To: 95 m - Hole Depth: 252.5 m - Intercept Depth: 49 m #### Classification - Deposit Type: orogenic - Program: mixed - Sample Type: drill - Group ID: MSRCD26-184:49-95 - Mining Method: open\_pit #### Location - Easting: 456395 - Northing: 1223995 - CRS: WGS84 UTM Zone 29N - Elevation: 380 m - Azimuth: 295 ° - Dip: -60 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - QA/QC Disclosed: Yes - Lab Certified: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Compositing - Cutoff Grade: 0.3 - Cutoff Unit: g/t gold - Max Dilution: 3 m #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-18T00:00:00.000Z Reasoning: A wide intercept of 46m at 1.0 g/t Au demonstrates strong continuity of mineralization, supporting resource expansion. - Positive factor: Strong Continuity - Positive factor: Significant Width Evidence · table > 1 Context: 46 #### 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 **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "mixed" **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "ASX ANNOUNCEMENT 19 October 2026 1 ASARA RESOURCES LIMITED \| ASX:AS1 The Park Business Centre, 45 Ventnor Avenue West Pe" ### MSRCD26-184 [Link to this fact](https://atlas-staging.minestarters.com/news/as1-results-demonstrate-potential-for-resource-growth-at-massan--8cf6f433-1faf-45cf-9c64-ff989d341a4a#fact-drill-facts-3) Kada · gold #### Identity - Hole ID: MSRCD26-184 - Project: Kada - Commodity: gold - Region: guinea, west africa - Reported Region: guinea, west africa - Ticker: AS1 #### Geometry - Grade: 1.9 - Grade Unit: g/t - Intercept: 3 m - From: 60 m - To: 63 m - Hole Depth: 252.5 m - Intercept Depth: 49 m #### Classification - Deposit Type: orogenic - Program: mixed - Sample Type: drill - Group ID: MSRCD26-184:60-63 - Mining Method: open\_pit #### Location - Easting: 456395 - Northing: 1223995 - CRS: WGS84 UTM Zone 29N - Elevation: 380 m - Azimuth: 295 ° - Dip: -60 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - QA/QC Disclosed: Yes - Lab Certified: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Compositing - Cutoff Grade: 0.3 - Cutoff Unit: g/t gold - Max Dilution: 3 m #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-18T00:00:00.000Z Reasoning: This sub-interval contributes to the overall significant intercept, indicating consistent mineralization. Evidence · table > 1.9 Context: 3 #### 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 **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "mixed" **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "ASX ANNOUNCEMENT 19 October 2026 1 ASARA RESOURCES LIMITED \| ASX:AS1 The Park Business Centre, 45 Ventnor Avenue West Pe" ### MSRCD26-184 [Link to this fact](https://atlas-staging.minestarters.com/news/as1-results-demonstrate-potential-for-resource-growth-at-massan--8cf6f433-1faf-45cf-9c64-ff989d341a4a#fact-drill-facts-4) Kada · gold #### Identity - Hole ID: MSRCD26-184 - Project: Kada - Commodity: gold - Region: guinea, west africa - Reported Region: guinea, west africa - Ticker: AS1 #### Geometry - Grade: 2 - Grade Unit: g/t - Intercept: 9 m - From: 76 m - To: 85 m - Hole Depth: 252.5 m - Intercept Depth: 49 m #### Classification - Deposit Type: orogenic - Program: mixed - Sample Type: drill - Group ID: MSRCD26-184:76-85 - Mining Method: open\_pit #### Location - Easting: 456395 - Northing: 1223995 - CRS: WGS84 UTM Zone 29N - Elevation: 380 m - Azimuth: 295 ° - Dip: -60 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - QA/QC Disclosed: Yes - Lab Certified: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Compositing - Cutoff Grade: 0.3 - Cutoff Unit: g/t gold - Max Dilution: 3 m #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-18T00:00:00.000Z Reasoning: This sub-interval further supports the continuity of mineralization within the broader intercept. Evidence · table > 2 Context: 9 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "mixed" **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "ASX ANNOUNCEMENT 19 October 2026 1 ASARA RESOURCES LIMITED \| ASX:AS1 The Park Business Centre, 45 Ventnor Avenue West Pe" ### MSAC26-238 [Link to this fact](https://atlas-staging.minestarters.com/news/as1-results-demonstrate-potential-for-resource-growth-at-massan--8cf6f433-1faf-45cf-9c64-ff989d341a4a#fact-drill-facts-5) Kada · gold #### Identity - Hole ID: MSAC26-238 - Project: Kada - Commodity: gold - Region: guinea, west africa - Reported Region: guinea, west africa - Ticker: AS1 #### Geometry - Grade: 2.8 - Grade Unit: g/t - Intercept: 10 m - From: 140 m - To: 150 m - Hole Depth: 150 m - Intercept Depth: 140 m #### Classification - Deposit Type: orogenic - Program: mixed - Sample Type: drill - Group ID: MSAC26-238:140-150 - Mining Method: open\_pit #### Location - Easting: 456545 - Northing: 1225500 - CRS: WGS84 UTM Zone 29N - Elevation: 379 m - Azimuth: 295 ° - Dip: -60 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - QA/QC Disclosed: Yes - Lab Certified: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Compositing - Cutoff Grade: 0.3 - Cutoff Unit: g/t gold - Max Dilution: 3 m #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-18T00:00:00.000Z Reasoning: A significant intercept of 10m at 2.8 g/t Au, including a high-grade sub-interval, supports resource growth. - Positive factor: Strong Grade-Width Product Evidence · table > 2.8 Context: 10 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "mixed" **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "ASX ANNOUNCEMENT 19 October 2026 1 ASARA RESOURCES LIMITED \| ASX:AS1 The Park Business Centre, 45 Ventnor Avenue West Pe" ### MSAC26-238 [Link to this fact](https://atlas-staging.minestarters.com/news/as1-results-demonstrate-potential-for-resource-growth-at-massan--8cf6f433-1faf-45cf-9c64-ff989d341a4a#fact-drill-facts-6) Kada · gold #### Identity - Hole ID: MSAC26-238 - Project: Kada - Commodity: gold - Region: guinea, west africa - Reported Region: guinea, west africa - Ticker: AS1 #### Geometry - Grade: 6.2 - Grade Unit: g/t - Intercept: 4 m - From: 140 m - To: 144 m - Hole Depth: 150 m - Intercept Depth: 140 m #### Classification - Deposit Type: orogenic - Program: mixed - Sample Type: drill - Group ID: MSAC26-238:140-144 - Mining Method: open\_pit #### Location - Easting: 456545 - Northing: 1225500 - CRS: WGS84 UTM Zone 29N - Elevation: 379 m - Azimuth: 295 ° - Dip: -60 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - QA/QC Disclosed: Yes - Lab Certified: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Compositing - Cutoff Grade: 0.3 - Cutoff Unit: g/t gold - Max Dilution: 3 m #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-18T00:00:00.000Z Reasoning: This high-grade sub-interval of 4m at 6.2 g/t Au enhances the overall significance of the intercept. - Positive factor: High Grade Evidence · table > 6.2 Context: 4 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "mixed" **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "ASX ANNOUNCEMENT 19 October 2026 1 ASARA RESOURCES LIMITED \| ASX:AS1 The Park Business Centre, 45 Ventnor Avenue West Pe" ### MSDD26-006 [Link to this fact](https://atlas-staging.minestarters.com/news/as1-results-demonstrate-potential-for-resource-growth-at-massan--8cf6f433-1faf-45cf-9c64-ff989d341a4a#fact-drill-facts-7) Kada · gold #### Identity - Hole ID: MSDD26-006 - Project: Kada - Commodity: gold - Region: guinea, west africa - Reported Region: guinea, west africa - Ticker: AS1 #### Geometry - Grade: 3.1 - Grade Unit: g/t - Intercept: 9 m - From: 126 m - To: 135 m - Hole Depth: 301 m - Intercept Depth: 32 m #### Classification - Deposit Type: orogenic - Program: mixed - Sample Type: drill - Group ID: MSDD26-006:126-135 - Mining Method: open\_pit #### Location - Easting: 456723 - Northing: 1223982 - CRS: WGS84 UTM Zone 29N - Elevation: 384 m - Azimuth: 295 ° - Dip: -60 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - QA/QC Disclosed: Yes - Lab Certified: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Compositing - Cutoff Grade: 0.3 - Cutoff Unit: g/t gold - Max Dilution: 3 m #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-18T00:00:00.000Z Reasoning: A significant intercept of 9m at 3.1 g/t Au, including high-grade sub-intervals, supports resource growth. - Positive factor: Strong Grade-Width Product Evidence · table > 3.1 Context: 9 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "mixed" **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "ASX ANNOUNCEMENT 19 October 2026 1 ASARA RESOURCES LIMITED \| ASX:AS1 The Park Business Centre, 45 Ventnor Avenue West Pe" ### MSDD26-006 [Link to this fact](https://atlas-staging.minestarters.com/news/as1-results-demonstrate-potential-for-resource-growth-at-massan--8cf6f433-1faf-45cf-9c64-ff989d341a4a#fact-drill-facts-8) Kada · gold #### Identity - Hole ID: MSDD26-006 - Project: Kada - Commodity: gold - Region: guinea, west africa - Reported Region: guinea, west africa - Ticker: AS1 #### Geometry - Grade: 9.8 - Grade Unit: g/t - Intercept: 2 m - From: 126 m - To: 128 m - Hole Depth: 301 m - Intercept Depth: 32 m #### Classification - Deposit Type: orogenic - Program: mixed - Sample Type: drill - Group ID: MSDD26-006:126-128 - Mining Method: open\_pit #### Location - Easting: 456723 - Northing: 1223982 - CRS: WGS84 UTM Zone 29N - Elevation: 384 m - Azimuth: 295 ° - Dip: -60 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - QA/QC Disclosed: Yes - Lab Certified: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Compositing - Cutoff Grade: 0.3 - Cutoff Unit: g/t gold - Max Dilution: 3 m #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-18T00:00:00.000Z Reasoning: This high-grade sub-interval of 2m at 9.8 g/t Au contributes significantly to the overall intercept. - Positive factor: High Grade Evidence · table > 9.8 Context: 2 #### 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 **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "mixed" **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "ASX ANNOUNCEMENT 19 October 2026 1 ASARA RESOURCES LIMITED \| ASX:AS1 The Park Business Centre, 45 Ventnor Avenue West Pe" ### MSDD26-006 [Link to this fact](https://atlas-staging.minestarters.com/news/as1-results-demonstrate-potential-for-resource-growth-at-massan--8cf6f433-1faf-45cf-9c64-ff989d341a4a#fact-drill-facts-9) Kada · gold #### Identity - Hole ID: MSDD26-006 - Project: Kada - Commodity: gold - Region: guinea, west africa - Reported Region: guinea, west africa - Ticker: AS1 #### Geometry - Grade: 9.8 - Grade Unit: g/t - Intercept: 0.5 m - From: 132.1 m - To: 132.6 m - Hole Depth: 301 m - Intercept Depth: 32 m #### Classification - Deposit Type: orogenic - Program: mixed - Sample Type: drill - Group ID: MSDD26-006:132.1-132.6 - Mining Method: open\_pit #### Location - Easting: 456723 - Northing: 1223982 - CRS: WGS84 UTM Zone 29N - Elevation: 384 m - Azimuth: 295 ° - Dip: -60 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - QA/QC Disclosed: Yes - Lab Certified: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Compositing - Cutoff Grade: 0.3 - Cutoff Unit: g/t gold - Max Dilution: 3 m #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-18T00:00:00.000Z Reasoning: This narrow, high-grade sub-interval further indicates the presence of significant gold mineralization. - Positive factor: High Grade Evidence · table > 9.8 Context: 0.5 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "mixed" **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "ASX ANNOUNCEMENT 19 October 2026 1 ASARA RESOURCES LIMITED \| ASX:AS1 The Park Business Centre, 45 Ventnor Avenue West Pe" ### MSAC26-266 [Link to this fact](https://atlas-staging.minestarters.com/news/as1-results-demonstrate-potential-for-resource-growth-at-massan--8cf6f433-1faf-45cf-9c64-ff989d341a4a#fact-drill-facts-10) Kada · gold #### Identity - Hole ID: MSAC26-266 - Project: Kada - Commodity: gold - Region: guinea, west africa - Reported Region: guinea, west africa - Ticker: AS1 #### Geometry - Grade: 6.7 - Grade Unit: g/t - Intercept: 4 m - From: 126 m - To: 130 m - Hole Depth: 130 m - Intercept Depth: 126 m #### Classification - Deposit Type: orogenic - Program: mixed - Sample Type: drill - Group ID: MSAC26-266:126-130 - Mining Method: open\_pit #### Location - Easting: 456770 - Northing: 1224087 - CRS: WGS84 UTM Zone 29N - Elevation: 377 m - Azimuth: 295 ° - Dip: -60 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - QA/QC Disclosed: Yes - Lab Certified: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Compositing - Cutoff Grade: 0.3 - Cutoff Unit: g/t gold - Max Dilution: 3 m #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-18T00:00:00.000Z Reasoning: A high-grade intercept of 4m at 6.7 g/t Au, including a very high-grade sub-interval, supports resource growth. - Positive factor: High Grade Evidence · table > 6.7 Context: 4 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "mixed" **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "ASX ANNOUNCEMENT 19 October 2026 1 ASARA RESOURCES LIMITED \| ASX:AS1 The Park Business Centre, 45 Ventnor Avenue West Pe" ### MSAC26-266 [Link to this fact](https://atlas-staging.minestarters.com/news/as1-results-demonstrate-potential-for-resource-growth-at-massan--8cf6f433-1faf-45cf-9c64-ff989d341a4a#fact-drill-facts-11) Kada · gold #### Identity - Hole ID: MSAC26-266 - Project: Kada - Commodity: gold - Region: guinea, west africa - Reported Region: guinea, west africa - Ticker: AS1 #### Geometry - Grade: 9.9 - Grade Unit: g/t - Intercept: 1 m - From: 127 m - To: 128 m - Hole Depth: 130 m - Intercept Depth: 126 m #### Classification - Deposit Type: orogenic - Program: mixed - Sample Type: drill - Group ID: MSAC26-266:127-128 - Mining Method: open\_pit #### Location - Easting: 456770 - Northing: 1224087 - CRS: WGS84 UTM Zone 29N - Elevation: 377 m - Azimuth: 295 ° - Dip: -60 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - QA/QC Disclosed: Yes - Lab Certified: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Compositing - Cutoff Grade: 0.3 - Cutoff Unit: g/t gold - Max Dilution: 3 m #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-18T00:00:00.000Z Reasoning: This very high-grade sub-interval of 1m at 9.9 g/t Au indicates strong localized mineralization. - Positive factor: High Grade Evidence · table > 9.9 Context: 1 #### 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 **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "mixed" **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "ASX ANNOUNCEMENT 19 October 2026 1 ASARA RESOURCES LIMITED \| ASX:AS1 The Park Business Centre, 45 Ventnor Avenue West Pe" ### MSAC26-279 [Link to this fact](https://atlas-staging.minestarters.com/news/as1-results-demonstrate-potential-for-resource-growth-at-massan--8cf6f433-1faf-45cf-9c64-ff989d341a4a#fact-drill-facts-12) Kada · gold #### Identity - Hole ID: MSAC26-279 - Project: Kada - Commodity: gold - Region: guinea, west africa - Reported Region: guinea, west africa - Ticker: AS1 #### Geometry - Grade: 2.7 - Grade Unit: g/t - Intercept: 9 m - From: 6 m - To: 15 m - Hole Depth: 81 m - Intercept Depth: 6 m #### Classification - Deposit Type: orogenic - Program: mixed - Sample Type: drill - Group ID: MSAC26-279:6-15 - Mining Method: open\_pit #### Location - Easting: 456448 - Northing: 1223311 - CRS: WGS84 UTM Zone 29N - Elevation: 359 m - Azimuth: 295 ° - Dip: -60 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - QA/QC Disclosed: Yes - Lab Certified: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Compositing - Cutoff Grade: 0.3 - Cutoff Unit: g/t gold - Max Dilution: 3 m #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-18T00:00:00.000Z Reasoning: A significant shallow intercept of 9m at 2.7 g/t Au, including high-grade sub-intervals, supports resource growth. - Positive factor: Strong Grade-Width Product Evidence · table > 2.7 Context: 9 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "mixed" **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "ASX ANNOUNCEMENT 19 October 2026 1 ASARA RESOURCES LIMITED \| ASX:AS1 The Park Business Centre, 45 Ventnor Avenue West Pe" ### MSAC26-279 [Link to this fact](https://atlas-staging.minestarters.com/news/as1-results-demonstrate-potential-for-resource-growth-at-massan--8cf6f433-1faf-45cf-9c64-ff989d341a4a#fact-drill-facts-13) Kada · gold #### Identity - Hole ID: MSAC26-279 - Project: Kada - Commodity: gold - Region: guinea, west africa - Reported Region: guinea, west africa - Ticker: AS1 #### Geometry - Grade: 3.3 - Grade Unit: g/t - Intercept: 3 m - From: 7 m - To: 10 m - Hole Depth: 81 m - Intercept Depth: 6 m #### Classification - Deposit Type: orogenic - Program: mixed - Sample Type: drill - Group ID: MSAC26-279:7-10 - Mining Method: open\_pit #### Location - Easting: 456448 - Northing: 1223311 - CRS: WGS84 UTM Zone 29N - Elevation: 359 m - Azimuth: 295 ° - Dip: -60 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - QA/QC Disclosed: Yes - Lab Certified: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Compositing - Cutoff Grade: 0.3 - Cutoff Unit: g/t gold - Max Dilution: 3 m #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-18T00:00:00.000Z Reasoning: This high-grade sub-interval contributes to the overall shallow intercept, indicating consistent mineralization. - Positive factor: High Grade Evidence · table > 3.3 Context: 3 #### 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 **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "mixed" **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "ASX ANNOUNCEMENT 19 October 2026 1 ASARA RESOURCES LIMITED \| ASX:AS1 The Park Business Centre, 45 Ventnor Avenue West Pe" ### MSAC26-279 [Link to this fact](https://atlas-staging.minestarters.com/news/as1-results-demonstrate-potential-for-resource-growth-at-massan--8cf6f433-1faf-45cf-9c64-ff989d341a4a#fact-drill-facts-14) Kada · gold #### Identity - Hole ID: MSAC26-279 - Project: Kada - Commodity: gold - Region: guinea, west africa - Reported Region: guinea, west africa - Ticker: AS1 #### Geometry - Grade: 9.5 - Grade Unit: g/t - Intercept: 1 m - From: 12 m - To: 13 m - Hole Depth: 81 m - Intercept Depth: 6 m #### Classification - Deposit Type: orogenic - Program: mixed - Sample Type: drill - Group ID: MSAC26-279:12-13 - Mining Method: open\_pit #### Location - Easting: 456448 - Northing: 1223311 - CRS: WGS84 UTM Zone 29N - Elevation: 359 m - Azimuth: 295 ° - Dip: -60 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - QA/QC Disclosed: Yes - Lab Certified: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Compositing - Cutoff Grade: 0.3 - Cutoff Unit: g/t gold - Max Dilution: 3 m #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-18T00:00:00.000Z Reasoning: This narrow, high-grade sub-interval further indicates the presence of significant gold mineralization at shallow depths. - Positive factor: High Grade Evidence · table > 9.5 Context: 1 #### 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 **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "mixed" **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "ASX ANNOUNCEMENT 19 October 2026 1 ASARA RESOURCES LIMITED \| ASX:AS1 The Park Business Centre, 45 Ventnor Avenue West Pe" ### MSRC26-275 [Link to this fact](https://atlas-staging.minestarters.com/news/as1-results-demonstrate-potential-for-resource-growth-at-massan--8cf6f433-1faf-45cf-9c64-ff989d341a4a#fact-drill-facts-15) Kada · gold #### Identity - Hole ID: MSRC26-275 - Project: Kada - Commodity: gold - Region: guinea, west africa - Reported Region: guinea, west africa - Ticker: AS1 #### Geometry - Grade: 1.7 - Grade Unit: g/t - Intercept: 14 m - From: 10 m - To: 24 m - Hole Depth: 150 m - Intercept Depth: 10 m #### Classification - Deposit Type: orogenic - Program: mixed - Sample Type: drill - Group ID: MSRC26-275:10-24 - Mining Method: open\_pit #### Location - Easting: 456231 - Northing: 1224207 - CRS: WGS84 UTM Zone 29N - Elevation: 368 m - Azimuth: 295 ° - Dip: -60 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - QA/QC Disclosed: Yes - Lab Certified: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Compositing - Cutoff Grade: 0.3 - Cutoff Unit: g/t gold - Max Dilution: 3 m #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-18T00:00:00.000Z Reasoning: A significant shallow intercept of 14m at 1.7 g/t Au, including a higher-grade sub-interval, supports resource growth. - Positive factor: Strong Grade-Width Product Evidence · table > 1.7 Context: 14 #### 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 **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "mixed" **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "ASX ANNOUNCEMENT 19 October 2026 1 ASARA RESOURCES LIMITED \| ASX:AS1 The Park Business Centre, 45 Ventnor Avenue West Pe" ### MSRC26-275 [Link to this fact](https://atlas-staging.minestarters.com/news/as1-results-demonstrate-potential-for-resource-growth-at-massan--8cf6f433-1faf-45cf-9c64-ff989d341a4a#fact-drill-facts-16) Kada · gold #### Identity - Hole ID: MSRC26-275 - Project: Kada - Commodity: gold - Region: guinea, west africa - Reported Region: guinea, west africa - Ticker: AS1 #### Geometry - Grade: 3.4 - Grade Unit: g/t - Intercept: 5 m - From: 19 m - To: 24 m - Hole Depth: 150 m - Intercept Depth: 10 m #### Classification - Deposit Type: orogenic - Program: mixed - Sample Type: drill - Group ID: MSRC26-275:19-24 - Mining Method: open\_pit #### Location - Easting: 456231 - Northing: 1224207 - CRS: WGS84 UTM Zone 29N - Elevation: 368 m - Azimuth: 295 ° - Dip: -60 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - QA/QC Disclosed: Yes - Lab Certified: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Compositing - Cutoff Grade: 0.3 - Cutoff Unit: g/t gold - Max Dilution: 3 m #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-18T00:00:00.000Z Reasoning: This high-grade sub-interval contributes to the overall shallow intercept, indicating consistent mineralization. - Positive factor: High Grade Evidence · table > 3.4 Context: 5 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "mixed" **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "ASX ANNOUNCEMENT 19 October 2026 1 ASARA RESOURCES LIMITED \| ASX:AS1 The Park Business Centre, 45 Ventnor Avenue West Pe" ### MSAC26-279 [Link to this fact](https://atlas-staging.minestarters.com/news/as1-results-demonstrate-potential-for-resource-growth-at-massan--8cf6f433-1faf-45cf-9c64-ff989d341a4a#fact-drill-facts-17) Kada · gold #### Identity - Hole ID: MSAC26-279 - Project: Kada - Commodity: gold - Region: guinea, west africa - Reported Region: guinea, west africa - Ticker: AS1 #### Geometry - Grade: 1.7 - Grade Unit: g/t - Intercept: 12 m - From: 30 m - To: 42 m - Hole Depth: 81 m - Intercept Depth: 6 m #### Classification - Deposit Type: orogenic - Program: mixed - Sample Type: drill - Group ID: MSAC26-279:30-42 - Mining Method: open\_pit #### Location - Easting: 456448 - Northing: 1223311 - CRS: WGS84 UTM Zone 29N - Elevation: 359 m - Azimuth: 295 ° - Dip: -60 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - QA/QC Disclosed: Yes - Lab Certified: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Compositing - Cutoff Grade: 0.3 - Cutoff Unit: g/t gold - Max Dilution: 3 m #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-18T00:00:00.000Z Reasoning: A significant intercept of 12m at 1.7 g/t Au, including high-grade sub-intervals, further extends mineralization in this hole. - Positive factor: Strong Grade-Width Product Evidence · table > 1.7 Context: 12 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "mixed" **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "ASX ANNOUNCEMENT 19 October 2026 1 ASARA RESOURCES LIMITED \| ASX:AS1 The Park Business Centre, 45 Ventnor Avenue West Pe" ### MSAC26-279 [Link to this fact](https://atlas-staging.minestarters.com/news/as1-results-demonstrate-potential-for-resource-growth-at-massan--8cf6f433-1faf-45cf-9c64-ff989d341a4a#fact-drill-facts-18) Kada · gold #### Identity - Hole ID: MSAC26-279 - Project: Kada - Commodity: gold - Region: guinea, west africa - Reported Region: guinea, west africa - Ticker: AS1 #### Geometry - Grade: 6.2 - Grade Unit: g/t - Intercept: 1 m - From: 31 m - To: 32 m - Hole Depth: 81 m - Intercept Depth: 6 m #### Classification - Deposit Type: orogenic - Program: mixed - Sample Type: drill - Group ID: MSAC26-279:31-32 - Mining Method: open\_pit #### Location - Easting: 456448 - Northing: 1223311 - CRS: WGS84 UTM Zone 29N - Elevation: 359 m - Azimuth: 295 ° - Dip: -60 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - QA/QC Disclosed: Yes - Lab Certified: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Compositing - Cutoff Grade: 0.3 - Cutoff Unit: g/t gold - Max Dilution: 3 m #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-18T00:00:00.000Z Reasoning: This high-grade sub-interval contributes to the overall intercept, indicating consistent mineralization. - Positive factor: High Grade Evidence · table > 6.2 Context: 1 #### 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 **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "mixed" **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "ASX ANNOUNCEMENT 19 October 2026 1 ASARA RESOURCES LIMITED \| ASX:AS1 The Park Business Centre, 45 Ventnor Avenue West Pe" ### MSAC26-279 [Link to this fact](https://atlas-staging.minestarters.com/news/as1-results-demonstrate-potential-for-resource-growth-at-massan--8cf6f433-1faf-45cf-9c64-ff989d341a4a#fact-drill-facts-19) Kada · gold #### Identity - Hole ID: MSAC26-279 - Project: Kada - Commodity: gold - Region: guinea, west africa - Reported Region: guinea, west africa - Ticker: AS1 #### Geometry - Grade: 2.9 - Grade Unit: g/t - Intercept: 4 m - From: 35 m - To: 39 m - Hole Depth: 81 m - Intercept Depth: 6 m #### Classification - Deposit Type: orogenic - Program: mixed - Sample Type: drill - Group ID: MSAC26-279:35-39 - Mining Method: open\_pit #### Location - Easting: 456448 - Northing: 1223311 - CRS: WGS84 UTM Zone 29N - Elevation: 359 m - Azimuth: 295 ° - Dip: -60 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - QA/QC Disclosed: Yes - Lab Certified: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Compositing - Cutoff Grade: 0.3 - Cutoff Unit: g/t gold - Max Dilution: 3 m #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-18T00:00:00.000Z Reasoning: This sub-interval further supports the continuity of mineralization within the broader intercept. Evidence · table > 2.9 Context: 4 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "mixed" **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "ASX ANNOUNCEMENT 19 October 2026 1 ASARA RESOURCES LIMITED \| ASX:AS1 The Park Business Centre, 45 Ventnor Avenue West Pe" ### MSDD26-005 [Link to this fact](https://atlas-staging.minestarters.com/news/as1-results-demonstrate-potential-for-resource-growth-at-massan--8cf6f433-1faf-45cf-9c64-ff989d341a4a#fact-drill-facts-20) Kada · gold #### Identity - Hole ID: MSDD26-005 - Project: Kada - Commodity: gold - Region: guinea, west africa - Reported Region: guinea, west africa - Ticker: AS1 #### Geometry - Grade: 3 - Grade Unit: g/t - Intercept: 7 m - From: 54 m - To: 61 m - Hole Depth: 159 m - Intercept Depth: 54 m #### Classification - Deposit Type: orogenic - Program: mixed - Sample Type: drill - Group ID: MSDD26-005:54-61 - Mining Method: open\_pit #### Location - Easting: 456696 - Northing: 1223929 - CRS: WGS84 UTM Zone 29N - Elevation: 384 m - Azimuth: 295 ° - Dip: -60 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - QA/QC Disclosed: Yes - Lab Certified: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Compositing - Cutoff Grade: 0.3 - Cutoff Unit: g/t gold - Max Dilution: 3 m #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-18T00:00:00.000Z Reasoning: A significant intercept of 7m at 3.0 g/t Au, including a high-grade sub-interval, supports resource growth. - Positive factor: Strong Grade-Width Product Evidence · table > 3 Context: 7 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "mixed" **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "ASX ANNOUNCEMENT 19 October 2026 1 ASARA RESOURCES LIMITED \| ASX:AS1 The Park Business Centre, 45 Ventnor Avenue West Pe" ### MSDD26-005 [Link to this fact](https://atlas-staging.minestarters.com/news/as1-results-demonstrate-potential-for-resource-growth-at-massan--8cf6f433-1faf-45cf-9c64-ff989d341a4a#fact-drill-facts-21) Kada · gold #### Identity - Hole ID: MSDD26-005 - Project: Kada - Commodity: gold - Region: guinea, west africa - Reported Region: guinea, west africa - Ticker: AS1 #### Geometry - Grade: 8 - Grade Unit: g/t - Intercept: 1.2 m - From: 55.8 m - To: 57 m - Hole Depth: 159 m - Intercept Depth: 54 m #### Classification - Deposit Type: orogenic - Program: mixed - Sample Type: drill - Group ID: MSDD26-005:55.8-57 - Mining Method: open\_pit #### Location - Easting: 456696 - Northing: 1223929 - CRS: WGS84 UTM Zone 29N - Elevation: 384 m - Azimuth: 295 ° - Dip: -60 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - QA/QC Disclosed: Yes - Lab Certified: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Compositing - Cutoff Grade: 0.3 - Cutoff Unit: g/t gold - Max Dilution: 3 m #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-18T00:00:00.000Z Reasoning: This high-grade sub-interval contributes to the overall intercept, indicating consistent mineralization. - Positive factor: High Grade Evidence · table > 8 Context: 1.2 #### 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 **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "mixed" **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "ASX ANNOUNCEMENT 19 October 2026 1 ASARA RESOURCES LIMITED \| ASX:AS1 The Park Business Centre, 45 Ventnor Avenue West Pe" ### MSRCD26-043 [Link to this fact](https://atlas-staging.minestarters.com/news/as1-results-demonstrate-potential-for-resource-growth-at-massan--8cf6f433-1faf-45cf-9c64-ff989d341a4a#fact-drill-facts-22) Kada · gold #### Identity - Hole ID: MSRCD26-043 - Project: Kada - Commodity: gold - Region: guinea, west africa - Reported Region: guinea, west africa - Ticker: AS1 #### Geometry - Grade: 1.7 - Grade Unit: g/t - Intercept: 12 m - From: 62 m - To: 74 m - Hole Depth: 354 m - Intercept Depth: 62 m #### Classification - Deposit Type: orogenic - Program: mixed - Sample Type: drill - Group ID: MSRCD26-043:62-74 - Mining Method: open\_pit #### Location - Easting: 456702 - Northing: 1223960 - CRS: WGS84 UTM Zone 29N - Elevation: 385 m - Azimuth: 295 ° - Dip: -60 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - QA/QC Disclosed: Yes - Lab Certified: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Compositing - Cutoff Grade: 0.3 - Cutoff Unit: g/t gold - Max Dilution: 3 m #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-18T00:00:00.000Z Reasoning: A significant intercept of 12m at 1.7 g/t Au, including high-grade sub-intervals, supports resource growth. - Positive factor: Strong Grade-Width Product Evidence · table > 1.7 Context: 12 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "mixed" **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "ASX ANNOUNCEMENT 19 October 2026 1 ASARA RESOURCES LIMITED \| ASX:AS1 The Park Business Centre, 45 Ventnor Avenue West Pe" ### MSRCD26-043 [Link to this fact](https://atlas-staging.minestarters.com/news/as1-results-demonstrate-potential-for-resource-growth-at-massan--8cf6f433-1faf-45cf-9c64-ff989d341a4a#fact-drill-facts-23) Kada · gold #### Identity - Hole ID: MSRCD26-043 - Project: Kada - Commodity: gold - Region: guinea, west africa - Reported Region: guinea, west africa - Ticker: AS1 #### Geometry - Grade: 8.7 - Grade Unit: g/t - Intercept: 1 m - From: 62 m - To: 63 m - Hole Depth: 354 m - Intercept Depth: 62 m #### Classification - Deposit Type: orogenic - Program: mixed - Sample Type: drill - Group ID: MSRCD26-043:62-63 - Mining Method: open\_pit #### Location - Easting: 456702 - Northing: 1223960 - CRS: WGS84 UTM Zone 29N - Elevation: 385 m - Azimuth: 295 ° - Dip: -60 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - QA/QC Disclosed: Yes - Lab Certified: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Compositing - Cutoff Grade: 0.3 - Cutoff Unit: g/t gold - Max Dilution: 3 m #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-18T00:00:00.000Z Reasoning: This high-grade sub-interval contributes to the overall intercept, indicating consistent mineralization. - Positive factor: High Grade Evidence · table > 8.7 Context: 1 #### 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 **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "mixed" **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "ASX ANNOUNCEMENT 19 October 2026 1 ASARA RESOURCES LIMITED \| ASX:AS1 The Park Business Centre, 45 Ventnor Avenue West Pe" ### MSRCD26-043 [Link to this fact](https://atlas-staging.minestarters.com/news/as1-results-demonstrate-potential-for-resource-growth-at-massan--8cf6f433-1faf-45cf-9c64-ff989d341a4a#fact-drill-facts-24) Kada · gold #### Identity - Hole ID: MSRCD26-043 - Project: Kada - Commodity: gold - Region: guinea, west africa - Reported Region: guinea, west africa - Ticker: AS1 #### Geometry - Grade: 3.1 - Grade Unit: g/t - Intercept: 3 m - From: 66 m - To: 69 m - Hole Depth: 354 m - Intercept Depth: 62 m #### Classification - Deposit Type: orogenic - Program: mixed - Sample Type: drill - Group ID: MSRCD26-043:66-69 - Mining Method: open\_pit #### Location - Easting: 456702 - Northing: 1223960 - CRS: WGS84 UTM Zone 29N - Elevation: 385 m - Azimuth: 295 ° - Dip: -60 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - QA/QC Disclosed: Yes - Lab Certified: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Compositing - Cutoff Grade: 0.3 - Cutoff Unit: g/t gold - Max Dilution: 3 m #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-18T00:00:00.000Z Reasoning: This high-grade sub-interval further supports the continuity of mineralization within the broader intercept. - Positive factor: High Grade Evidence · table > 3.1 Context: 3 #### 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 **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "mixed" **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "ASX ANNOUNCEMENT 19 October 2026 1 ASARA RESOURCES LIMITED \| ASX:AS1 The Park Business Centre, 45 Ventnor Avenue West Pe" ### MSAC26-241 [Link to this fact](https://atlas-staging.minestarters.com/news/as1-results-demonstrate-potential-for-resource-growth-at-massan--8cf6f433-1faf-45cf-9c64-ff989d341a4a#fact-drill-facts-25) Kada · gold #### Identity - Hole ID: MSAC26-241 - Project: Kada - Commodity: gold - Region: guinea, west africa - Reported Region: guinea, west africa - Ticker: AS1 #### Geometry - Grade: 2.8 - Grade Unit: g/t - Intercept: 7 m - From: 44 m - To: 51 m - Hole Depth: 150 m - Intercept Depth: 44 m #### Classification - Deposit Type: orogenic - Program: mixed - Sample Type: drill - Group ID: MSAC26-241:44-51 - Mining Method: open\_pit #### Location - Easting: 456602 - Northing: 1225288 - CRS: WGS84 UTM Zone 29N - Elevation: 381 m - Azimuth: 295 ° - Dip: -60 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - QA/QC Disclosed: Yes - Lab Certified: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Compositing - Cutoff Grade: 0.3 - Cutoff Unit: g/t gold - Max Dilution: 3 m #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-18T00:00:00.000Z Reasoning: A significant intercept of 7m at 2.8 g/t Au, including a high-grade sub-interval, supports resource growth. - Positive factor: Strong Grade-Width Product Evidence · table > 2.8 Context: 7 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "mixed" **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "ASX ANNOUNCEMENT 19 October 2026 1 ASARA RESOURCES LIMITED \| ASX:AS1 The Park Business Centre, 45 Ventnor Avenue West Pe" ### MSAC26-241 [Link to this fact](https://atlas-staging.minestarters.com/news/as1-results-demonstrate-potential-for-resource-growth-at-massan--8cf6f433-1faf-45cf-9c64-ff989d341a4a#fact-drill-facts-26) Kada · gold #### Identity - Hole ID: MSAC26-241 - Project: Kada - Commodity: gold - Region: guinea, west africa - Reported Region: guinea, west africa - Ticker: AS1 #### Geometry - Grade: 8.6 - Grade Unit: g/t - Intercept: 2 m - From: 44 m - To: 46 m - Hole Depth: 150 m - Intercept Depth: 44 m #### Classification - Deposit Type: orogenic - Program: mixed - Sample Type: drill - Group ID: MSAC26-241:44-46 - Mining Method: open\_pit #### Location - Easting: 456602 - Northing: 1225288 - CRS: WGS84 UTM Zone 29N - Elevation: 381 m - Azimuth: 295 ° - Dip: -60 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - QA/QC Disclosed: Yes - Lab Certified: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Compositing - Cutoff Grade: 0.3 - Cutoff Unit: g/t gold - Max Dilution: 3 m #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-18T00:00:00.000Z Reasoning: This high-grade sub-interval contributes to the overall intercept, indicating consistent mineralization. - Positive factor: High Grade Evidence · table > 8.6 Context: 2 #### 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 **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "mixed" **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "ASX ANNOUNCEMENT 19 October 2026 1 ASARA RESOURCES LIMITED \| ASX:AS1 The Park Business Centre, 45 Ventnor Avenue West Pe" ### MSDD26-006 [Link to this fact](https://atlas-staging.minestarters.com/news/as1-results-demonstrate-potential-for-resource-growth-at-massan--8cf6f433-1faf-45cf-9c64-ff989d341a4a#fact-drill-facts-27) Kada · gold #### Identity - Hole ID: MSDD26-006 - Project: Kada - Commodity: gold - Region: guinea, west africa - Reported Region: guinea, west africa - Ticker: AS1 #### Geometry - Grade: 3.9 - Grade Unit: g/t - Intercept: 5 m - From: 32 m - To: 37 m - Hole Depth: 301 m - Intercept Depth: 32 m #### Classification - Deposit Type: orogenic - Program: mixed - Sample Type: drill - Group ID: MSDD26-006:32-37 - Mining Method: open\_pit #### Location - Easting: 456723 - Northing: 1223982 - CRS: WGS84 UTM Zone 29N - Elevation: 384 m - Azimuth: 295 ° - Dip: -60 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - QA/QC Disclosed: Yes - Lab Certified: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Compositing - Cutoff Grade: 0.3 - Cutoff Unit: g/t gold - Max Dilution: 3 m #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-18T00:00:00.000Z Reasoning: A significant intercept of 5m at 3.9 g/t Au, including a very high-grade sub-interval, supports resource growth. - Positive factor: Strong Grade-Width Product Evidence · table > 3.9 Context: 5 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "mixed" **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "ASX ANNOUNCEMENT 19 October 2026 1 ASARA RESOURCES LIMITED \| ASX:AS1 The Park Business Centre, 45 Ventnor Avenue West Pe" ### MSDD26-006 [Link to this fact](https://atlas-staging.minestarters.com/news/as1-results-demonstrate-potential-for-resource-growth-at-massan--8cf6f433-1faf-45cf-9c64-ff989d341a4a#fact-drill-facts-28) Kada · gold #### Identity - Hole ID: MSDD26-006 - Project: Kada - Commodity: gold - Region: guinea, west africa - Reported Region: guinea, west africa - Ticker: AS1 #### Geometry - Grade: 12.3 - Grade Unit: g/t - Intercept: 1.2 m - From: 34.9 m - To: 36.1 m - Hole Depth: 301 m - Intercept Depth: 32 m #### Classification - Deposit Type: orogenic - Program: mixed - Sample Type: drill - Group ID: MSDD26-006:34.9-36.1 - Mining Method: open\_pit #### Location - Easting: 456723 - Northing: 1223982 - CRS: WGS84 UTM Zone 29N - Elevation: 384 m - Azimuth: 295 ° - Dip: -60 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - QA/QC Disclosed: Yes - Lab Certified: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Compositing - Cutoff Grade: 0.3 - Cutoff Unit: g/t gold - Max Dilution: 3 m #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-18T00:00:00.000Z Reasoning: This very high-grade sub-interval of 1.2m at 12.3 g/t Au indicates strong localized mineralization. - Positive factor: High Grade Evidence · table > 12.3 Context: 1.2 #### 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 **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "mixed" **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "ASX ANNOUNCEMENT 19 October 2026 1 ASARA RESOURCES LIMITED \| ASX:AS1 The Park Business Centre, 45 Ventnor Avenue West Pe" ### MSRC26-243 [Link to this fact](https://atlas-staging.minestarters.com/news/as1-results-demonstrate-potential-for-resource-growth-at-massan--8cf6f433-1faf-45cf-9c64-ff989d341a4a#fact-drill-facts-29) Kada · gold #### Identity - Hole ID: MSRC26-243 - Project: Kada - Commodity: gold - Region: guinea, west africa - Reported Region: guinea, west africa - Ticker: AS1 #### Geometry - Grade: 0.5 - Grade Unit: g/t - Intercept: 35 m - From: 102 m - To: 137 m - Hole Depth: 150 m - Intercept Depth: 102 m #### Classification - Deposit Type: orogenic - Program: mixed - Sample Type: drill - Group ID: MSRC26-243:102-137 - Mining Method: open\_pit #### Location - Easting: 456550 - Northing: 1223610 - CRS: WGS84 UTM Zone 29N - Elevation: 367 m - Azimuth: 295 ° - Dip: -60 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - QA/QC Disclosed: Yes - Lab Certified: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Compositing - Cutoff Grade: 0.3 - Cutoff Unit: g/t gold - Max Dilution: 3 m #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-18T00:00:00.000Z Reasoning: A very wide intercept of 35m at 0.5 g/t Au, including higher-grade sub-intervals, indicates broad mineralization. - Positive factor: Significant Width Evidence · table > 0.5 Context: 35 #### 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 **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "mixed" **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "ASX ANNOUNCEMENT 19 October 2026 1 ASARA RESOURCES LIMITED \| ASX:AS1 The Park Business Centre, 45 Ventnor Avenue West Pe" ### MSRC26-243 [Link to this fact](https://atlas-staging.minestarters.com/news/as1-results-demonstrate-potential-for-resource-growth-at-massan--8cf6f433-1faf-45cf-9c64-ff989d341a4a#fact-drill-facts-30) Kada · gold #### Identity - Hole ID: MSRC26-243 - Project: Kada - Commodity: gold - Region: guinea, west africa - Reported Region: guinea, west africa - Ticker: AS1 #### Geometry - Grade: 1.3 - Grade Unit: g/t - Intercept: 3 m - From: 106 m - To: 109 m - Hole Depth: 150 m - Intercept Depth: 102 m #### Classification - Deposit Type: orogenic - Program: mixed - Sample Type: drill - Group ID: MSRC26-243:106-109 - Mining Method: open\_pit #### Location - Easting: 456550 - Northing: 1223610 - CRS: WGS84 UTM Zone 29N - Elevation: 367 m - Azimuth: 295 ° - Dip: -60 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - QA/QC Disclosed: Yes - Lab Certified: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Compositing - Cutoff Grade: 0.3 - Cutoff Unit: g/t gold - Max Dilution: 3 m #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-18T00:00:00.000Z Reasoning: This sub-interval contributes to the overall wide intercept, indicating consistent mineralization. Evidence · table > 1.3 Context: 3 #### 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 **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "mixed" **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "ASX ANNOUNCEMENT 19 October 2026 1 ASARA RESOURCES LIMITED \| ASX:AS1 The Park Business Centre, 45 Ventnor Avenue West Pe" ### MSRC26-243 [Link to this fact](https://atlas-staging.minestarters.com/news/as1-results-demonstrate-potential-for-resource-growth-at-massan--8cf6f433-1faf-45cf-9c64-ff989d341a4a#fact-drill-facts-31) Kada · gold #### Identity - Hole ID: MSRC26-243 - Project: Kada - Commodity: gold - Region: guinea, west africa - Reported Region: guinea, west africa - Ticker: AS1 #### Geometry - Grade: 1.8 - Grade Unit: g/t - Intercept: 3 m - From: 127 m - To: 130 m - Hole Depth: 150 m - Intercept Depth: 102 m #### Classification - Deposit Type: orogenic - Program: mixed - Sample Type: drill - Group ID: MSRC26-243:127-130 - Mining Method: open\_pit #### Location - Easting: 456550 - Northing: 1223610 - CRS: WGS84 UTM Zone 29N - Elevation: 367 m - Azimuth: 295 ° - Dip: -60 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - QA/QC Disclosed: Yes - Lab Certified: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Compositing - Cutoff Grade: 0.3 - Cutoff Unit: g/t gold - Max Dilution: 3 m #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-18T00:00:00.000Z Reasoning: This sub-interval further supports the continuity of mineralization within the broader intercept. Evidence · table > 1.8 Context: 3 #### 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 **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "mixed" **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "ASX ANNOUNCEMENT 19 October 2026 1 ASARA RESOURCES LIMITED \| ASX:AS1 The Park Business Centre, 45 Ventnor Avenue West Pe" ### MSRC26-263 [Link to this fact](https://atlas-staging.minestarters.com/news/as1-results-demonstrate-potential-for-resource-growth-at-massan--8cf6f433-1faf-45cf-9c64-ff989d341a4a#fact-drill-facts-32) Kada · gold #### Identity - Hole ID: MSRC26-263 - Project: Kada - Commodity: gold - Region: guinea, west africa - Reported Region: guinea, west africa - Ticker: AS1 #### Geometry - Grade: 1.2 - Grade Unit: g/t - Intercept: 15 m - From: 25 m - To: 40 m - Hole Depth: 150 m - Intercept Depth: 25 m #### Classification - Deposit Type: orogenic - Program: mixed - Sample Type: drill - Group ID: MSRC26-263:25-40 - Mining Method: open\_pit #### Location - Easting: 456456 - Northing: 1223658 - CRS: WGS84 UTM Zone 29N - Elevation: 368 m - Azimuth: 295 ° - Dip: -60 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - QA/QC Disclosed: Yes - Lab Certified: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Compositing - Cutoff Grade: 0.3 - Cutoff Unit: g/t gold - Max Dilution: 3 m #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-18T00:00:00.000Z Reasoning: A significant intercept of 15m at 1.2 g/t Au, including a higher-grade sub-interval, supports resource growth. - Positive factor: Strong Grade-Width Product Evidence · table > 1.2 Context: 15 #### 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 **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "mixed" **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "ASX ANNOUNCEMENT 19 October 2026 1 ASARA RESOURCES LIMITED \| ASX:AS1 The Park Business Centre, 45 Ventnor Avenue West Pe" ### MSRC26-263 [Link to this fact](https://atlas-staging.minestarters.com/news/as1-results-demonstrate-potential-for-resource-growth-at-massan--8cf6f433-1faf-45cf-9c64-ff989d341a4a#fact-drill-facts-33) Kada · gold #### Identity - Hole ID: MSRC26-263 - Project: Kada - Commodity: gold - Region: guinea, west africa - Reported Region: guinea, west africa - Ticker: AS1 #### Geometry - Grade: 2.1 - Grade Unit: g/t - Intercept: 5 m - From: 32 m - To: 37 m - Hole Depth: 150 m - Intercept Depth: 25 m #### Classification - Deposit Type: orogenic - Program: mixed - Sample Type: drill - Group ID: MSRC26-263:32-37 - Mining Method: open\_pit #### Location - Easting: 456456 - Northing: 1223658 - CRS: WGS84 UTM Zone 29N - Elevation: 368 m - Azimuth: 295 ° - Dip: -60 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - QA/QC Disclosed: Yes - Lab Certified: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Compositing - Cutoff Grade: 0.3 - Cutoff Unit: g/t gold - Max Dilution: 3 m #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-18T00:00:00.000Z Reasoning: This high-grade sub-interval contributes to the overall intercept, indicating consistent mineralization. - Positive factor: High Grade Evidence · table > 2.1 Context: 5 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "mixed" **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "ASX ANNOUNCEMENT 19 October 2026 1 ASARA RESOURCES LIMITED \| ASX:AS1 The Park Business Centre, 45 Ventnor Avenue West Pe" ### MSDD26-010 [Link to this fact](https://atlas-staging.minestarters.com/news/as1-results-demonstrate-potential-for-resource-growth-at-massan--8cf6f433-1faf-45cf-9c64-ff989d341a4a#fact-drill-facts-34) Kada · gold #### Identity - Hole ID: MSDD26-010 - Project: Kada - Commodity: gold - Region: guinea, west africa - Reported Region: guinea, west africa - Ticker: AS1 #### Geometry - Grade: 1.4 - Grade Unit: g/t - Intercept: 13 m - From: 57 m - To: 70 m - Hole Depth: 300.5 m - Intercept Depth: 19 m #### Classification - Deposit Type: orogenic - Program: mixed - Sample Type: drill - Group ID: MSDD26-010:57-70 - Mining Method: open\_pit #### Location - Easting: 456446 - Northing: 1223966 - CRS: WGS84 UTM Zone 29N - Elevation: 384 m - Azimuth: 295 ° - Dip: -60 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - QA/QC Disclosed: Yes - Lab Certified: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Compositing - Cutoff Grade: 0.3 - Cutoff Unit: g/t gold - Max Dilution: 3 m #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-18T00:00:00.000Z Reasoning: A significant intercept of 13m at 1.4 g/t Au, including a high-grade sub-interval, further extends mineralization in this hole. - Positive factor: Strong Grade-Width Product Evidence · table > 1.4 Context: 13 #### 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 **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "mixed" **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "ASX ANNOUNCEMENT 19 October 2026 1 ASARA RESOURCES LIMITED \| ASX:AS1 The Park Business Centre, 45 Ventnor Avenue West Pe" ### MSDD26-010 [Link to this fact](https://atlas-staging.minestarters.com/news/as1-results-demonstrate-potential-for-resource-growth-at-massan--8cf6f433-1faf-45cf-9c64-ff989d341a4a#fact-drill-facts-35) Kada · gold #### Identity - Hole ID: MSDD26-010 - Project: Kada - Commodity: gold - Region: guinea, west africa - Reported Region: guinea, west africa - Ticker: AS1 #### Geometry - Grade: 8.4 - Grade Unit: g/t - Intercept: 1 m - From: 59 m - To: 60 m - Hole Depth: 300.5 m - Intercept Depth: 19 m #### Classification - Deposit Type: orogenic - Program: mixed - Sample Type: drill - Group ID: MSDD26-010:59-60 - Mining Method: open\_pit #### Location - Easting: 456446 - Northing: 1223966 - CRS: WGS84 UTM Zone 29N - Elevation: 384 m - Azimuth: 295 ° - Dip: -60 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - QA/QC Disclosed: Yes - Lab Certified: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Compositing - Cutoff Grade: 0.3 - Cutoff Unit: g/t gold - Max Dilution: 3 m #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-18T00:00:00.000Z Reasoning: This high-grade sub-interval contributes to the overall intercept, indicating consistent mineralization. - Positive factor: High Grade Evidence · table > 8.4 Context: 1 #### 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 **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "mixed" **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "ASX ANNOUNCEMENT 19 October 2026 1 ASARA RESOURCES LIMITED \| ASX:AS1 The Park Business Centre, 45 Ventnor Avenue West Pe" ### MSRC26-234 [Link to this fact](https://atlas-staging.minestarters.com/news/as1-results-demonstrate-potential-for-resource-growth-at-massan--8cf6f433-1faf-45cf-9c64-ff989d341a4a#fact-drill-facts-36) Kada · gold #### Identity - Hole ID: MSRC26-234 - Project: Kada - Commodity: gold - Region: guinea, west africa - Reported Region: guinea, west africa - Ticker: AS1 #### Geometry - Grade: 1.1 - Grade Unit: g/t - Intercept: 16 m - From: 104 m - To: 120 m - Hole Depth: 150 m - Intercept Depth: 104 m #### Classification - Deposit Type: orogenic - Program: mixed - Sample Type: drill - Group ID: MSRC26-234:104-120 - Mining Method: open\_pit #### Location - Easting: 456573 - Northing: 1223638 - CRS: WGS84 UTM Zone 29N - Elevation: 367 m - Azimuth: 295 ° - Dip: -60 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - QA/QC Disclosed: Yes - Lab Certified: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Compositing - Cutoff Grade: 0.3 - Cutoff Unit: g/t gold - Max Dilution: 3 m #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-18T00:00:00.000Z Reasoning: A significant intercept of 16m at 1.1 g/t Au, including a higher-grade sub-interval, supports resource growth. - Positive factor: Strong Grade-Width Product Evidence · table > 1.1 Context: 16 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "mixed" **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "ASX ANNOUNCEMENT 19 October 2026 1 ASARA RESOURCES LIMITED \| ASX:AS1 The Park Business Centre, 45 Ventnor Avenue West Pe" ### MSRC26-234 [Link to this fact](https://atlas-staging.minestarters.com/news/as1-results-demonstrate-potential-for-resource-growth-at-massan--8cf6f433-1faf-45cf-9c64-ff989d341a4a#fact-drill-facts-37) Kada · gold #### Identity - Hole ID: MSRC26-234 - Project: Kada - Commodity: gold - Region: guinea, west africa - Reported Region: guinea, west africa - Ticker: AS1 #### Geometry - Grade: 2.7 - Grade Unit: g/t - Intercept: 4 m - From: 116 m - To: 120 m - Hole Depth: 150 m - Intercept Depth: 104 m #### Classification - Deposit Type: orogenic - Program: mixed - Sample Type: drill - Group ID: MSRC26-234:116-120 - Mining Method: open\_pit #### Location - Easting: 456573 - Northing: 1223638 - CRS: WGS84 UTM Zone 29N - Elevation: 367 m - Azimuth: 295 ° - Dip: -60 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - QA/QC Disclosed: Yes - Lab Certified: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Compositing - Cutoff Grade: 0.3 - Cutoff Unit: g/t gold - Max Dilution: 3 m #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-18T00:00:00.000Z Reasoning: This high-grade sub-interval contributes to the overall intercept, indicating consistent mineralization. - Positive factor: High Grade Evidence · table > 2.7 Context: 4 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "mixed" **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "ASX ANNOUNCEMENT 19 October 2026 1 ASARA RESOURCES LIMITED \| ASX:AS1 The Park Business Centre, 45 Ventnor Avenue West Pe" ### MSRC26-237 [Link to this fact](https://atlas-staging.minestarters.com/news/as1-results-demonstrate-potential-for-resource-growth-at-massan--8cf6f433-1faf-45cf-9c64-ff989d341a4a#fact-drill-facts-38) Kada · gold #### Identity - Hole ID: MSRC26-237 - Project: Kada - Commodity: gold - Region: guinea, west africa - Reported Region: guinea, west africa - Ticker: AS1 #### Geometry - Grade: 1.8 - Grade Unit: g/t - Intercept: 9 m - From: 22 m - To: 31 m - Hole Depth: 150 m - Intercept Depth: 22 m #### Classification - Deposit Type: orogenic - Program: mixed - Sample Type: drill - Group ID: MSRC26-237:22-31 - Mining Method: open\_pit #### Location - Easting: 456433 - Northing: 1223656 - CRS: WGS84 UTM Zone 29N - Elevation: 371 m - Azimuth: 295 ° - Dip: -60 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - QA/QC Disclosed: Yes - Lab Certified: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Compositing - Cutoff Grade: 0.3 - Cutoff Unit: g/t gold - Max Dilution: 3 m #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-18T00:00:00.000Z Reasoning: A significant shallow intercept of 9m at 1.8 g/t Au, including a high-grade sub-interval, supports resource growth. - Positive factor: Strong Grade-Width Product Evidence · table > 1.8 Context: 9 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "mixed" **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "ASX ANNOUNCEMENT 19 October 2026 1 ASARA RESOURCES LIMITED \| ASX:AS1 The Park Business Centre, 45 Ventnor Avenue West Pe" ### MSRC26-237 [Link to this fact](https://atlas-staging.minestarters.com/news/as1-results-demonstrate-potential-for-resource-growth-at-massan--8cf6f433-1faf-45cf-9c64-ff989d341a4a#fact-drill-facts-39) Kada · gold #### Identity - Hole ID: MSRC26-237 - Project: Kada - Commodity: gold - Region: guinea, west africa - Reported Region: guinea, west africa - Ticker: AS1 #### Geometry - Grade: 9.3 - Grade Unit: g/t - Intercept: 1 m - From: 22 m - To: 23 m - Hole Depth: 150 m - Intercept Depth: 22 m #### Classification - Deposit Type: orogenic - Program: mixed - Sample Type: drill - Group ID: MSRC26-237:22-23 - Mining Method: open\_pit #### Location - Easting: 456433 - Northing: 1223656 - CRS: WGS84 UTM Zone 29N - Elevation: 371 m - Azimuth: 295 ° - Dip: -60 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - QA/QC Disclosed: Yes - Lab Certified: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Compositing - Cutoff Grade: 0.3 - Cutoff Unit: g/t gold - Max Dilution: 3 m #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-18T00:00:00.000Z Reasoning: This high-grade sub-interval contributes to the overall shallow intercept, indicating strong localized mineralization. - Positive factor: High Grade Evidence · table > 9.3 Context: 1 #### 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 **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "mixed" **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "ASX ANNOUNCEMENT 19 October 2026 1 ASARA RESOURCES LIMITED \| ASX:AS1 The Park Business Centre, 45 Ventnor Avenue West Pe" ### MSRC26-274 [Link to this fact](https://atlas-staging.minestarters.com/news/as1-results-demonstrate-potential-for-resource-growth-at-massan--8cf6f433-1faf-45cf-9c64-ff989d341a4a#fact-drill-facts-40) Kada · gold #### Identity - Hole ID: MSRC26-274 - Project: Kada - Commodity: gold - Region: guinea, west africa - Reported Region: guinea, west africa - Ticker: AS1 #### Geometry - Grade: 0.7 - Grade Unit: g/t - Intercept: 23 m - From: 0 m - To: 23 m - Hole Depth: 150 m - Intercept Depth: 0 m #### Classification - Deposit Type: orogenic - Program: mixed - Sample Type: drill - Group ID: MSRC26-274:0-23 - Mining Method: open\_pit #### Location - Easting: 456226 - Northing: 1224244 - CRS: WGS84 UTM Zone 29N - Elevation: 366 m - Azimuth: 295 ° - Dip: -60 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - QA/QC Disclosed: Yes - Lab Certified: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Compositing - Cutoff Grade: 0.3 - Cutoff Unit: g/t gold - Max Dilution: 3 m #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-18T00:00:00.000Z Reasoning: A significant very shallow intercept of 23m at 0.7 g/t Au, including higher-grade sub-intervals, indicates near-surface mineralization. - Positive factor: Significant Width - Positive factor: Shallow Mineralization Evidence · table > 0.7 Context: 23 #### 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 **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "mixed" **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "ASX ANNOUNCEMENT 19 October 2026 1 ASARA RESOURCES LIMITED \| ASX:AS1 The Park Business Centre, 45 Ventnor Avenue West Pe" ### MSRC26-274 [Link to this fact](https://atlas-staging.minestarters.com/news/as1-results-demonstrate-potential-for-resource-growth-at-massan--8cf6f433-1faf-45cf-9c64-ff989d341a4a#fact-drill-facts-41) Kada · gold #### Identity - Hole ID: MSRC26-274 - Project: Kada - Commodity: gold - Region: guinea, west africa - Reported Region: guinea, west africa - Ticker: AS1 #### Geometry - Grade: 2.4 - Grade Unit: g/t - Intercept: 2 m - From: 2 m - To: 4 m - Hole Depth: 150 m - Intercept Depth: 0 m #### Classification - Deposit Type: orogenic - Program: mixed - Sample Type: drill - Group ID: MSRC26-274:2-4 - Mining Method: open\_pit #### Location - Easting: 456226 - Northing: 1224244 - CRS: WGS84 UTM Zone 29N - Elevation: 366 m - Azimuth: 295 ° - Dip: -60 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - QA/QC Disclosed: Yes - Lab Certified: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Compositing - Cutoff Grade: 0.3 - Cutoff Unit: g/t gold - Max Dilution: 3 m #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-18T00:00:00.000Z Reasoning: This high-grade sub-interval contributes to the overall shallow intercept, indicating consistent mineralization. - Positive factor: High Grade Evidence · table > 2.4 Context: 2 #### 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 **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "mixed" **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "ASX ANNOUNCEMENT 19 October 2026 1 ASARA RESOURCES LIMITED \| ASX:AS1 The Park Business Centre, 45 Ventnor Avenue West Pe" ### MSRC26-274 [Link to this fact](https://atlas-staging.minestarters.com/news/as1-results-demonstrate-potential-for-resource-growth-at-massan--8cf6f433-1faf-45cf-9c64-ff989d341a4a#fact-drill-facts-42) Kada · gold #### Identity - Hole ID: MSRC26-274 - Project: Kada - Commodity: gold - Region: guinea, west africa - Reported Region: guinea, west africa - Ticker: AS1 #### Geometry - Grade: 1.6 - Grade Unit: g/t - Intercept: 1 m - From: 11 m - To: 12 m - Hole Depth: 150 m - Intercept Depth: 0 m #### Classification - Deposit Type: orogenic - Program: mixed - Sample Type: drill - Group ID: MSRC26-274:11-12 - Mining Method: open\_pit #### Location - Easting: 456226 - Northing: 1224244 - CRS: WGS84 UTM Zone 29N - Elevation: 366 m - Azimuth: 295 ° - Dip: -60 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - QA/QC Disclosed: Yes - Lab Certified: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Compositing - Cutoff Grade: 0.3 - Cutoff Unit: g/t gold - Max Dilution: 3 m #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-18T00:00:00.000Z Reasoning: This sub-interval further supports the continuity of mineralization within the broader shallow intercept. Evidence · table > 1.6 Context: 1 #### 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 **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "mixed" **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "ASX ANNOUNCEMENT 19 October 2026 1 ASARA RESOURCES LIMITED \| ASX:AS1 The Park Business Centre, 45 Ventnor Avenue West Pe" ## Resource Estimates (15) ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/as1-results-demonstrate-potential-for-resource-growth-at-massan--8cf6f433-1faf-45cf-9c64-ff989d341a4a#fact-resource-facts-43) Kada Gold Project · gold #### Identity - Project: Kada Gold Project - Commodity: gold - Region: guinea, west africa - Reported Region: Guinea, West Africa - Ticker: AS1 #### Resource scope - Estimate type: resource - Effective date: 2026-08-31T00:00:00.000Z - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Dr. Ryan Langdon - Resource group id: resource:7648ae2c984bb51dfa35 - Deposit or zone: Massan - Material type: oxide - Resource basis: gross #### Resource Data - Category: indicated - Tonnes: 28270000 - Grade: 0.81 - Grade Unit: g/t - Contained Metal: 0.73 - Contained Unit: moz - Cutoff Grade: 0.32 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2026-08-31 #### Location - Loc. Confidence: medium #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-18T00:00:00.000Z Reasoning: The Massan deposit has a substantial Indicated Oxide resource of 28.27 Mt at 0.81 g/t Au, providing a strong foundation for future development. - Positive factor: Indicated Resource - Positive factor: Significant Tonnage - Positive factor: Economic Grade Evidence · table > 0.81 Context: 28.27 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **DFS-Supporting** Polarity: neutral Definition: 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 ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/as1-results-demonstrate-potential-for-resource-growth-at-massan--8cf6f433-1faf-45cf-9c64-ff989d341a4a#fact-resource-facts-44) Kada Gold Project · gold #### Identity - Project: Kada Gold Project - Commodity: gold - Region: guinea, west africa - Reported Region: Guinea, West Africa - Ticker: AS1 #### Resource scope - Estimate type: resource - Effective date: 2026-08-31T00:00:00.000Z - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Dr. Ryan Langdon - Resource group id: resource:e67b6fcc199d9efee820 - Deposit or zone: Massan - Material type: transitional - Resource basis: gross #### Resource Data - Category: indicated - Tonnes: 5450000 - Grade: 0.77 - Grade Unit: g/t - Contained Metal: 0.13 - Contained Unit: moz - Cutoff Grade: 0.32 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2026-08-31 #### Location - Loc. Confidence: medium #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-18T00:00:00.000Z Reasoning: The Massan deposit includes an Indicated Transition resource of 5.45 Mt at 0.77 g/t Au, adding to the overall resource base. - Positive factor: Indicated Resource - Positive factor: Economic Grade Evidence · table > 0.77 Context: 5.45 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **DFS-Supporting** Polarity: neutral Definition: 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 ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/as1-results-demonstrate-potential-for-resource-growth-at-massan--8cf6f433-1faf-45cf-9c64-ff989d341a4a#fact-resource-facts-45) Kada Gold Project · gold #### Identity - Project: Kada Gold Project - Commodity: gold - Region: guinea, west africa - Reported Region: Guinea, West Africa - Ticker: AS1 #### Resource scope - Estimate type: resource - Effective date: 2026-08-31T00:00:00.000Z - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Dr. Ryan Langdon - Resource group id: resource:0dcb80656a4821a26045 - Deposit or zone: Massan - Material type: fresh - Resource basis: gross #### Resource Data - Category: indicated - Tonnes: 17650000 - Grade: 0.7 - Grade Unit: g/t - Contained Metal: 0.4 - Contained Unit: moz - Cutoff Grade: 0.32 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2026-08-31 #### Location - Loc. Confidence: medium #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-18T00:00:00.000Z Reasoning: The Massan deposit has an Indicated Fresh resource of 17.65 Mt at 0.70 g/t Au, contributing to the project's long-term potential. - Positive factor: Indicated Resource - Positive factor: Economic Grade Evidence · table > 0.70 Context: 17.65 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **DFS-Supporting** Polarity: neutral Definition: 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 ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/as1-results-demonstrate-potential-for-resource-growth-at-massan--8cf6f433-1faf-45cf-9c64-ff989d341a4a#fact-resource-facts-46) Kada Gold Project · gold #### Identity - Project: Kada Gold Project - Commodity: gold - Region: guinea, west africa - Reported Region: Guinea, West Africa - Ticker: AS1 #### Resource scope - Estimate type: resource - Effective date: 2026-08-31T00:00:00.000Z - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Dr. Ryan Langdon - Resource group id: resource:5a359546c7142bc66118 - Deposit or zone: Massan - Material type: oxide - Resource basis: gross #### Resource Data - Category: inferred - Tonnes: 6280000 - Grade: 0.59 - Grade Unit: g/t - Contained Metal: 0.12 - Contained Unit: moz - Cutoff Grade: 0.32 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2026-08-31 #### Location - Loc. Confidence: medium #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-18T00:00:00.000Z Reasoning: The Massan deposit includes an Inferred Oxide resource of 6.28 Mt at 0.59 g/t Au, indicating future exploration potential. - Positive factor: Resource Potential - Negative factor: Inferred Resource Evidence · table > 0.59 Context: 6.28 #### 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 Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **DFS-Supporting** Polarity: neutral Definition: 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 ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/as1-results-demonstrate-potential-for-resource-growth-at-massan--8cf6f433-1faf-45cf-9c64-ff989d341a4a#fact-resource-facts-47) Kada Gold Project · gold #### Identity - Project: Kada Gold Project - Commodity: gold - Region: guinea, west africa - Reported Region: Guinea, West Africa - Ticker: AS1 #### Resource scope - Estimate type: resource - Effective date: 2026-08-31T00:00:00.000Z - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Dr. Ryan Langdon - Resource group id: resource:3a484d4e9bf6c939ce5e - Deposit or zone: Massan - Material type: transitional - Resource basis: gross #### Resource Data - Category: inferred - Tonnes: 1360000 - Grade: 0.55 - Grade Unit: g/t - Contained Metal: 0.02 - Contained Unit: moz - Cutoff Grade: 0.32 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2026-08-31 #### Location - Loc. Confidence: medium #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-18T00:00:00.000Z Reasoning: The Massan deposit includes an Inferred Transition resource of 1.36 Mt at 0.55 g/t Au, indicating future exploration potential. - Positive factor: Resource Potential - Negative factor: Inferred Resource Evidence · table > 0.55 Context: 1.36 #### 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 Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **DFS-Supporting** Polarity: neutral Definition: 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 ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/as1-results-demonstrate-potential-for-resource-growth-at-massan--8cf6f433-1faf-45cf-9c64-ff989d341a4a#fact-resource-facts-48) Kada Gold Project · gold #### Identity - Project: Kada Gold Project - Commodity: gold - Region: guinea, west africa - Reported Region: Guinea, West Africa - Ticker: AS1 #### Resource scope - Estimate type: resource - Effective date: 2026-08-31T00:00:00.000Z - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Dr. Ryan Langdon - Resource group id: resource:499c104244cd6bc4a78e - Deposit or zone: Massan - Material type: fresh - Resource basis: gross #### Resource Data - Category: inferred - Tonnes: 32230000 - Grade: 0.61 - Grade Unit: g/t - Contained Metal: 0.63 - Contained Unit: moz - Cutoff Grade: 0.32 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2026-08-31 #### Location - Loc. Confidence: medium #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-18T00:00:00.000Z Reasoning: The Massan deposit has a large Inferred Fresh resource of 32.23 Mt at 0.61 g/t Au, indicating significant future exploration potential. - Positive factor: Resource Potential - Positive factor: Significant Tonnage - Negative factor: Inferred Resource Evidence · table > 0.61 Context: 32.23 #### 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 Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **DFS-Supporting** Polarity: neutral Definition: 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 ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/as1-results-demonstrate-potential-for-resource-growth-at-massan--8cf6f433-1faf-45cf-9c64-ff989d341a4a#fact-resource-facts-49) Kada Gold Project · gold #### Identity - Project: Kada Gold Project - Commodity: gold - Region: guinea, west africa - Reported Region: Guinea, West Africa - Ticker: AS1 #### Resource scope - Estimate type: resource - Effective date: 2026-08-31T00:00:00.000Z - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Dr. Ryan Langdon - Resource group id: resource:aebb777ca3162e632362 - Deposit or zone: Bereko - Material type: oxide - Resource basis: gross #### Resource Data - Category: inferred - Tonnes: 1290000 - Grade: 0.8 - Grade Unit: g/t - Contained Metal: 0.03 - Contained Unit: moz - Cutoff Grade: 0.32 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2026-08-31 #### Location - Loc. Confidence: medium #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-18T00:00:00.000Z Reasoning: The Bereko deposit has an Inferred Oxide resource of 1.29 Mt at 0.80 g/t Au, indicating additional exploration potential within the project. - Positive factor: Resource Potential - Negative factor: Inferred Resource Evidence · table > 0.80 Context: 1.29 #### 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 Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **DFS-Supporting** Polarity: neutral Definition: 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 ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/as1-results-demonstrate-potential-for-resource-growth-at-massan--8cf6f433-1faf-45cf-9c64-ff989d341a4a#fact-resource-facts-50) Kada Gold Project · gold #### Identity - Project: Kada Gold Project - Commodity: gold - Region: guinea, west africa - Reported Region: Guinea, West Africa - Ticker: AS1 #### Resource scope - Estimate type: resource - Effective date: 2026-08-31T00:00:00.000Z - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Dr. Ryan Langdon - Resource group id: resource:9e3826d1dd1f58308c63 - Deposit or zone: Bereko - Material type: transitional - Resource basis: gross #### Resource Data - Category: inferred - Tonnes: 100000 - Grade: 0.77 - Grade Unit: g/t - Contained Metal: 0 - Contained Unit: moz - Cutoff Grade: 0.32 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2026-08-31 #### Location - Loc. Confidence: medium #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-18T00:00:00.000Z Reasoning: The Bereko deposit includes a small Inferred Transition resource of 0.10 Mt at 0.77 g/t Au. - Positive factor: Resource Potential - Negative factor: Inferred Resource Evidence · table > 0.77 Context: 0.10 #### 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 Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **DFS-Supporting** Polarity: neutral Definition: 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 ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/as1-results-demonstrate-potential-for-resource-growth-at-massan--8cf6f433-1faf-45cf-9c64-ff989d341a4a#fact-resource-facts-51) Kada Gold Project · gold #### Identity - Project: Kada Gold Project - Commodity: gold - Region: guinea, west africa - Reported Region: Guinea, West Africa - Ticker: AS1 #### Resource scope - Estimate type: resource - Effective date: 2026-08-31T00:00:00.000Z - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Dr. Ryan Langdon - Resource group id: resource:cb11f1d9ccf2d2e4c5a4 - Deposit or zone: Bereko - Material type: fresh - Resource basis: gross #### Resource Data - Category: inferred - Tonnes: 270000 - Grade: 0.86 - Grade Unit: g/t - Contained Metal: 0.01 - Contained Unit: moz - Cutoff Grade: 0.32 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2026-08-31 #### Location - Loc. Confidence: medium #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-18T00:00:00.000Z Reasoning: The Bereko deposit includes a small Inferred Fresh resource of 0.27 Mt at 0.86 g/t Au. - Positive factor: Resource Potential - Negative factor: Inferred Resource Evidence · table > 0.86 Context: 0.27 #### 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 Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **DFS-Supporting** Polarity: neutral Definition: 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 ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/as1-results-demonstrate-potential-for-resource-growth-at-massan--8cf6f433-1faf-45cf-9c64-ff989d341a4a#fact-resource-facts-52) Kada Gold Project · gold #### Identity - Project: Kada Gold Project - Commodity: gold - Region: guinea, west africa - Reported Region: Guinea, West Africa - Ticker: AS1 #### Resource scope - Estimate type: resource - Effective date: 2026-08-31T00:00:00.000Z - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Dr. Ryan Langdon - Resource group id: resource:0ba41806b3860925b8d6 - Deposit or zone: Kada Project - Material type: oxide - Resource basis: gross #### Resource Data - Category: indicated - Tonnes: 28270000 - Grade: 0.81 - Grade Unit: g/t - Contained Metal: 0.73 - Contained Unit: moz - Cutoff Grade: 0.32 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2026-08-31 #### Location - Loc. Confidence: medium #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-18T00:00:00.000Z Reasoning: The Kada Project has a substantial Indicated Oxide resource of 28.27 Mt at 0.81 g/t Au, forming a key part of the overall project resource. - Positive factor: Indicated Resource - Positive factor: Significant Tonnage - Positive factor: Economic Grade Evidence · table > 0.81 Context: 28.27 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **DFS-Supporting** Polarity: neutral Definition: 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 ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/as1-results-demonstrate-potential-for-resource-growth-at-massan--8cf6f433-1faf-45cf-9c64-ff989d341a4a#fact-resource-facts-53) Kada Gold Project · gold #### Identity - Project: Kada Gold Project - Commodity: gold - Region: guinea, west africa - Reported Region: Guinea, West Africa - Ticker: AS1 #### Resource scope - Estimate type: resource - Effective date: 2026-08-31T00:00:00.000Z - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Dr. Ryan Langdon - Resource group id: resource:15f12b450123e216c5e8 - Deposit or zone: Kada Project - Material type: transitional - Resource basis: gross #### Resource Data - Category: indicated - Tonnes: 5450000 - Grade: 0.77 - Grade Unit: g/t - Contained Metal: 0.13 - Contained Unit: moz - Cutoff Grade: 0.32 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2026-08-31 #### Location - Loc. Confidence: medium #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-18T00:00:00.000Z Reasoning: The Kada Project includes an Indicated Transition resource of 5.45 Mt at 0.77 g/t Au, contributing to the overall resource base. - Positive factor: Indicated Resource - Positive factor: Economic Grade Evidence · table > 0.77 Context: 5.45 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **DFS-Supporting** Polarity: neutral Definition: 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 ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/as1-results-demonstrate-potential-for-resource-growth-at-massan--8cf6f433-1faf-45cf-9c64-ff989d341a4a#fact-resource-facts-54) Kada Gold Project · gold #### Identity - Project: Kada Gold Project - Commodity: gold - Region: guinea, west africa - Reported Region: Guinea, West Africa - Ticker: AS1 #### Resource scope - Estimate type: resource - Effective date: 2026-08-31T00:00:00.000Z - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Dr. Ryan Langdon - Resource group id: resource:c7bff43a11b64375fb59 - Deposit or zone: Kada Project - Material type: fresh - Resource basis: gross #### Resource Data - Category: indicated - Tonnes: 17650000 - Grade: 0.7 - Grade Unit: g/t - Contained Metal: 0.4 - Contained Unit: moz - Cutoff Grade: 0.32 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2026-08-31 #### Location - Loc. Confidence: medium #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-18T00:00:00.000Z Reasoning: The Kada Project has an Indicated Fresh resource of 17.65 Mt at 0.70 g/t Au, contributing to the project's long-term potential. - Positive factor: Indicated Resource - Positive factor: Economic Grade Evidence · table > 0.70 Context: 17.65 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **DFS-Supporting** Polarity: neutral Definition: 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 ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/as1-results-demonstrate-potential-for-resource-growth-at-massan--8cf6f433-1faf-45cf-9c64-ff989d341a4a#fact-resource-facts-55) Kada Gold Project · gold #### Identity - Project: Kada Gold Project - Commodity: gold - Region: guinea, west africa - Reported Region: Guinea, West Africa - Ticker: AS1 #### Resource scope - Estimate type: resource - Effective date: 2026-08-31T00:00:00.000Z - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Dr. Ryan Langdon - Resource group id: resource:c4a01b361ad04075e255 - Deposit or zone: Kada Project - Material type: oxide - Resource basis: gross #### Resource Data - Category: inferred - Tonnes: 7570000 - Grade: 0.62 - Grade Unit: g/t - Contained Metal: 0.15 - Contained Unit: moz - Cutoff Grade: 0.32 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2026-08-31 #### Location - Loc. Confidence: medium #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-18T00:00:00.000Z Reasoning: The Kada Project includes an Inferred Oxide resource of 7.57 Mt at 0.62 g/t Au, indicating future exploration potential for the overall project. - Positive factor: Resource Potential - Negative factor: Inferred Resource Evidence · table > 0.62 Context: 7.57 #### 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 Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **DFS-Supporting** Polarity: neutral Definition: 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 ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/as1-results-demonstrate-potential-for-resource-growth-at-massan--8cf6f433-1faf-45cf-9c64-ff989d341a4a#fact-resource-facts-56) Kada Gold Project · gold #### Identity - Project: Kada Gold Project - Commodity: gold - Region: guinea, west africa - Reported Region: Guinea, West Africa - Ticker: AS1 #### Resource scope - Estimate type: resource - Effective date: 2026-08-31T00:00:00.000Z - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Dr. Ryan Langdon - Resource group id: resource:23a267305e2e26154596 - Deposit or zone: Kada Project - Material type: transitional - Resource basis: gross #### Resource Data - Category: inferred - Tonnes: 1450000 - Grade: 0.57 - Grade Unit: g/t - Contained Metal: 0.03 - Contained Unit: moz - Cutoff Grade: 0.32 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2026-08-31 #### Location - Loc. Confidence: medium #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-18T00:00:00.000Z Reasoning: The Kada Project includes an Inferred Transition resource of 1.45 Mt at 0.57 g/t Au, indicating future exploration potential. - Positive factor: Resource Potential - Negative factor: Inferred Resource Evidence · table > 0.57 Context: 1.45 #### 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 Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **DFS-Supporting** Polarity: neutral Definition: 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 ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/as1-results-demonstrate-potential-for-resource-growth-at-massan--8cf6f433-1faf-45cf-9c64-ff989d341a4a#fact-resource-facts-57) Kada Gold Project · gold #### Identity - Project: Kada Gold Project - Commodity: gold - Region: guinea, west africa - Reported Region: Guinea, West Africa - Ticker: AS1 #### Resource scope - Estimate type: resource - Effective date: 2026-08-31T00:00:00.000Z - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Dr. Ryan Langdon - Resource group id: resource:518850018e5c30f36782 - Deposit or zone: Kada Project - Material type: fresh - Resource basis: gross #### Resource Data - Category: inferred - Tonnes: 32490000 - Grade: 0.61 - Grade Unit: g/t - Contained Metal: 0.64 - Contained Unit: moz - Cutoff Grade: 0.32 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2026-08-31 #### Location - Loc. Confidence: medium #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-18T00:00:00.000Z Reasoning: The Kada Project has a large Inferred Fresh resource of 32.49 Mt at 0.61 g/t Au, indicating significant future exploration potential for the overall project. - Positive factor: Resource Potential - Positive factor: Significant Tonnage - Negative factor: Inferred Resource Evidence · table > 0.61 Context: 32.49 #### 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 Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **DFS-Supporting** Polarity: neutral Definition: 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 ## 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.