AVL: Key Certificate Supports Vanadium Electrolyte Production

Original announcement by asx on

Company
Australian Vanadium Limited
Ticker
AVL
Exchange
ASX
Region
Australia
Primary commodity
Vanadium
Secondary commodities
Iron ore, Titanium, Silicon, Aluminum
Document categories
Permitting, Resource update
Extracted
2026-10-05 23:17:35 UTC

Analysis by Minestarters Atlas

Atlas analysis published:

Minestarters Atlas analysis

Summary

Australian Vanadium Limited has received an AICIS assessment certificate for a key chemical component of vanadium electrolyte, supporting its planned scale-up to industrial-scale manufacture in Australia. The certificate's annual limit is estimated to support approximately 2.5 GWh of vanadium flow battery storage capacity.

Reasoning: The receipt of an AICIS assessment certificate is a significant de-risking event for the company's midstream expansion into vanadium electrolyte production.

Positive factors

  • Regulatory milestone achieved via AICIS certificate
  • Supports industrial-scale vanadium electrolyte production
  • Establishes clear pathway for 2.5 GWh VFB capacity support

Facts used in scoring: 14

Classification and evidence

QA/QC Disclosedpositive · Story-specific tag

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: The document references compliance with the JORC Code 2012 for the mineral resource estimate.

Evidence · text

“reported in compliance with the JORC Code 2012”

Extracted facts

Stored fact records: 14. Some facts used in scoring do not have a stored record.

Resource Estimates (14)

measuredAustralian Vanadium Project · vanadiumTonnes: 30600000Grade: 1.14Grade Unit: %Historical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Australian Vanadium Project
Commodity
vanadium
Region
australia
Reported Region
Australia
Ticker
AVL

Resource scope

Estimate type
resource
Reporting standards
jorc
Resource group id
resource:8cd74b6b0769a7dc8423
Deposit or zone
HG

Resource Data

Category
measured
Tonnes
30600000
Grade
1.14
Grade Unit
%

Prior Estimate

Resource Date
2024-05-07

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2024-05-07T00:00:00.000Z

Dates

Event date
2026-10-05T00:00:00.000Z

Reasoning: Historical resource data restated for context.

Evidence · table

“30.6”

Context: 30.6

Tags used in scoring

Measured Resourcepositive

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

Why it applies: category is "measured"

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

JORC Compliantpositive

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

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

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

Why it applies: contained_metal was not reported

Stale Estimatenegative

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

Why it applies: effective date is 2.4 years before this release

measuredAustralian Vanadium Project · iron_oreTonnes: 30600000Grade: 46.3Grade Unit: %Historical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Australian Vanadium Project
Commodity
iron_ore
Region
australia
Reported Region
Australia
Ticker
AVL

Resource scope

Estimate type
resource
Reporting standards
jorc
Resource group id
resource:8cd74b6b0769a7dc8423
Deposit or zone
HG

Resource Data

Category
measured
Tonnes
30600000
Grade
46.3
Grade Unit
%

Prior Estimate

Resource Date
2024-05-07

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2024-05-07T00:00:00.000Z

Dates

Event date
2026-10-05T00:00:00.000Z

Reasoning: Historical byproduct grade restated for context.

Evidence · table

“46.3”

Context: 30.6

Tags used in scoring

Measured Resourcepositive

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

Why it applies: category is "measured"

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

JORC Compliantpositive

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

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

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

Why it applies: contained_metal was not reported

Stale Estimatenegative

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

Why it applies: effective date is 2.4 years before this release

measuredAustralian Vanadium Project · titaniumTonnes: 30600000Grade: 12.9Grade Unit: %Historical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Australian Vanadium Project
Commodity
titanium
Region
australia
Reported Region
Australia
Ticker
AVL

Resource scope

Estimate type
resource
Reporting standards
jorc
Resource group id
resource:8cd74b6b0769a7dc8423
Deposit or zone
HG

Resource Data

Category
measured
Tonnes
30600000
Grade
12.9
Grade Unit
%

Prior Estimate

Resource Date
2024-05-07

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2024-05-07T00:00:00.000Z

Dates

Event date
2026-10-05T00:00:00.000Z

Reasoning: Historical byproduct grade restated for context.

Evidence · table

“12.9”

Context: 30.6

Tags used in scoring

Measured Resourcepositive

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

Why it applies: category is "measured"

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

JORC Compliantpositive

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

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

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

Why it applies: contained_metal was not reported

Stale Estimatenegative

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

Why it applies: effective date is 2.4 years before this release

measuredAustralian Vanadium Project · siliconTonnes: 30600000Grade: 7.4Grade Unit: %Historical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Australian Vanadium Project
Commodity
silicon
Region
australia
Reported Region
Australia
Ticker
AVL

Resource scope

Estimate type
resource
Reporting standards
jorc
Resource group id
resource:8cd74b6b0769a7dc8423
Deposit or zone
HG

Resource Data

Category
measured
Tonnes
30600000
Grade
7.4
Grade Unit
%

Prior Estimate

Resource Date
2024-05-07

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2024-05-07T00:00:00.000Z

Dates

Event date
2026-10-05T00:00:00.000Z

Reasoning: Historical byproduct grade restated for context.

Evidence · table

“7.4”

Context: 30.6

Tags used in scoring

Measured Resourcepositive

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

Why it applies: category is "measured"

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

JORC Compliantpositive

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

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

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

Why it applies: contained_metal was not reported

Stale Estimatenegative

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

Why it applies: effective date is 2.4 years before this release

measuredAustralian Vanadium Project · aluminumTonnes: 30600000Grade: 6.2Grade Unit: %Historical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Australian Vanadium Project
Commodity
aluminum
Region
australia
Reported Region
Australia
Ticker
AVL

Resource scope

Estimate type
resource
Reporting standards
jorc
Resource group id
resource:8cd74b6b0769a7dc8423
Deposit or zone
HG

Resource Data

Category
measured
Tonnes
30600000
Grade
6.2
Grade Unit
%

Prior Estimate

Resource Date
2024-05-07

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2024-05-07T00:00:00.000Z

Dates

Event date
2026-10-05T00:00:00.000Z

Reasoning: Historical byproduct grade restated for context.

Evidence · table

“6.2”

Context: 30.6

Tags used in scoring

Measured Resourcepositive

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

Why it applies: category is "measured"

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

JORC Compliantpositive

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

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

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

Why it applies: contained_metal was not reported

Stale Estimatenegative

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

Why it applies: effective date is 2.4 years before this release

measuredAustralian Vanadium Project · iron_oreTonnes: 30600000Grade: 46.3Grade Unit: %Historical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Australian Vanadium Project
Commodity
iron_ore
Region
australia
Reported Region
Australia
Ticker
AVL

Resource scope

Estimate type
resource
Reporting standards
jorc
Resource group id
resource:8cd74b6b0769a7dc8423
Deposit or zone
HG
Ownership percent
100 %

Resource Data

Category
measured
Tonnes
30600000
Grade
46.3
Grade Unit
%

Prior Estimate

Resource Date
2024-05-07

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2024-05-07T00:00:00.000Z

Dates

Event date
2026-10-05T00:00:00.000Z

Reasoning: Historical resource data restated for context. (Expanded from multi-commodity resource table for completeness.)

Evidence · table

“46.3”

Context: 30.6

Tags used in scoring

Measured Resourcepositive

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

Why it applies: category is "measured"

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

JORC Compliantpositive

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

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

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

Why it applies: contained_metal was not reported

Stale Estimatenegative

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

Why it applies: effective date is 2.4 years before this release

indicatedAustralian Vanadium Project · iron_oreTonnes: 74800000Grade: 47.5Grade Unit: %Historical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Australian Vanadium Project
Commodity
iron_ore
Region
australia
Reported Region
Australia
Ticker
AVL

Resource scope

Estimate type
resource
Reporting standards
jorc
Resource group id
resource:f73713315bacf4d4e8fe
Deposit or zone
HG
Ownership percent
100 %

Resource Data

Category
indicated
Tonnes
74800000
Grade
47.5
Grade Unit
%

Prior Estimate

Resource Date
2024-05-07

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2024-05-07T00:00:00.000Z

Dates

Event date
2026-10-05T00:00:00.000Z

Reasoning: Historical resource data restated for context. (Expanded from multi-commodity resource table for completeness.)

Evidence · table

“47.5”

Context: 74.8

Tags used in scoring

Indicated Resourcepositive

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

Why it applies: category is "indicated"

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

JORC Compliantpositive

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

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

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

Why it applies: contained_metal was not reported

Stale Estimatenegative

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

Why it applies: effective date is 2.4 years before this release

inferredAustralian Vanadium Project · iron_oreTonnes: 67900000Grade: 45.3Grade Unit: %Historical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Australian Vanadium Project
Commodity
iron_ore
Region
australia
Reported Region
Australia
Ticker
AVL

Resource scope

Estimate type
resource
Reporting standards
jorc
Resource group id
resource:9dfa4a3d911259a1629d
Deposit or zone
HG
Ownership percent
100 %

Resource Data

Category
inferred
Tonnes
67900000
Grade
45.3
Grade Unit
%

Prior Estimate

Resource Date
2024-05-07

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2024-05-07T00:00:00.000Z

Dates

Event date
2026-10-05T00:00:00.000Z

Reasoning: Historical resource data restated for context. (Expanded from multi-commodity resource table for completeness.)

Evidence · table

“45.3”

Context: 67.9

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

JORC Compliantpositive

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

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

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

Why it applies: contained_metal was not reported

Stale Estimatenegative

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

Why it applies: effective date is 2.4 years before this release

indicatedAustralian Vanadium Project · iron_oreTonnes: 61800000Grade: 26.1Grade Unit: %Historical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Australian Vanadium Project
Commodity
iron_ore
Region
australia
Reported Region
Australia
Ticker
AVL

Resource scope

Estimate type
resource
Reporting standards
jorc
Resource group id
resource:9dc28ba93ae4ba5ee311
Deposit or zone
LG
Ownership percent
100 %

Resource Data

Category
indicated
Tonnes
61800000
Grade
26.1
Grade Unit
%

Prior Estimate

Resource Date
2024-05-07

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2024-05-07T00:00:00.000Z

Dates

Event date
2026-10-05T00:00:00.000Z

Reasoning: Historical resource data restated for context. (Expanded from multi-commodity resource table for completeness.)

Evidence · table

“26.1”

Context: 61.8

Tags used in scoring

Indicated Resourcepositive

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

Why it applies: category is "indicated"

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

JORC Compliantpositive

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

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

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

Why it applies: contained_metal was not reported

Stale Estimatenegative

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

Why it applies: effective date is 2.4 years before this release

inferredAustralian Vanadium Project · iron_oreTonnes: 142500000Grade: 24.9Grade Unit: %Historical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Australian Vanadium Project
Commodity
iron_ore
Region
australia
Reported Region
Australia
Ticker
AVL

Resource scope

Estimate type
resource
Reporting standards
jorc
Resource group id
resource:a1efb80ff8f7ffe0eb74
Deposit or zone
LG
Ownership percent
100 %

Resource Data

Category
inferred
Tonnes
142500000
Grade
24.9
Grade Unit
%

Prior Estimate

Resource Date
2024-05-07

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2024-05-07T00:00:00.000Z

Dates

Event date
2026-10-05T00:00:00.000Z

Reasoning: Historical resource data restated for context. (Expanded from multi-commodity resource table for completeness.)

Evidence · table

“24.9”

Context: 142.5

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

JORC Compliantpositive

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

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

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

Why it applies: contained_metal was not reported

Stale Estimatenegative

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

Why it applies: effective date is 2.4 years before this release

inferredAustralian Vanadium Project · iron_oreTonnes: 17900000Grade: 31Grade Unit: %Historical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Australian Vanadium Project
Commodity
iron_ore
Region
australia
Reported Region
Australia
Ticker
AVL

Resource scope

Estimate type
resource
Reporting standards
jorc
Resource group id
resource:c1fcfd369e736b8618f1
Deposit or zone
Transported
Ownership percent
100 %

Resource Data

Category
inferred
Tonnes
17900000
Grade
31
Grade Unit
%

Prior Estimate

Resource Date
2024-05-07

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2024-05-07T00:00:00.000Z

Dates

Event date
2026-10-05T00:00:00.000Z

Reasoning: Historical resource data restated for context. (Expanded from multi-commodity resource table for completeness.)

Evidence · table

“31.0”

Context: 17.9

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

JORC Compliantpositive

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

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

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

Why it applies: contained_metal was not reported

Stale Estimatenegative

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

Why it applies: effective date is 2.4 years before this release

measuredAustralian Vanadium Project · iron_oreTonnes: 30600000Grade: 46.3Grade Unit: %Historical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Australian Vanadium Project
Commodity
iron_ore
Region
australia
Reported Region
Australia
Ticker
AVL

Resource scope

Estimate type
resource
Reporting standards
jorc
Resource group id
resource:4a9c2c302005559a4f3a
Ownership percent
100 %

Resource Data

Category
measured
Tonnes
30600000
Grade
46.3
Grade Unit
%

Prior Estimate

Resource Date
2024-05-07

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2024-05-07T00:00:00.000Z

Dates

Event date
2026-10-05T00:00:00.000Z

Reasoning: Historical resource data restated for context. (Expanded from multi-commodity resource table for completeness.)

Evidence · table

“46.3”

Context: 30.6

Tags used in scoring

Measured Resourcepositive

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

Why it applies: category is "measured"

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

JORC Compliantpositive

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

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

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

Why it applies: contained_metal was not reported

Stale Estimatenegative

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

Why it applies: effective date is 2.4 years before this release

indicatedAustralian Vanadium Project · iron_oreTonnes: 136600000Grade: 37.8Grade Unit: %Historical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Australian Vanadium Project
Commodity
iron_ore
Region
australia
Reported Region
Australia
Ticker
AVL

Resource scope

Estimate type
resource
Reporting standards
jorc
Resource group id
resource:28f23fdd74895de8b424
Ownership percent
100 %

Resource Data

Category
indicated
Tonnes
136600000
Grade
37.8
Grade Unit
%

Prior Estimate

Resource Date
2024-05-07

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2024-05-07T00:00:00.000Z

Dates

Event date
2026-10-05T00:00:00.000Z

Reasoning: Historical resource data restated for context. (Expanded from multi-commodity resource table for completeness.)

Evidence · table

“37.8”

Context: 136.6

Tags used in scoring

Indicated Resourcepositive

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

Why it applies: category is "indicated"

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

JORC Compliantpositive

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

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

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

Why it applies: contained_metal was not reported

Stale Estimatenegative

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

Why it applies: effective date is 2.4 years before this release

inferredAustralian Vanadium Project · iron_oreTonnes: 228200000Grade: 31.4Grade Unit: %Historical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Australian Vanadium Project
Commodity
iron_ore
Region
australia
Reported Region
Australia
Ticker
AVL

Resource scope

Estimate type
resource
Reporting standards
jorc
Resource group id
resource:e434af3f2d4b8dcdf25b
Ownership percent
100 %

Resource Data

Category
inferred
Tonnes
228200000
Grade
31.4
Grade Unit
%

Prior Estimate

Resource Date
2024-05-07

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2024-05-07T00:00:00.000Z

Dates

Event date
2026-10-05T00:00:00.000Z

Reasoning: Historical resource data restated for context. (Expanded from multi-commodity resource table for completeness.)

Evidence · table

“31.4”

Context: 228.2

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

JORC Compliantpositive

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

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

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

Why it applies: contained_metal was not reported

Stale Estimatenegative

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

Why it applies: effective date is 2.4 years before this release

How Atlas produces this analysis

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