# AVW: Annual report to shareholders Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/avw-annual-report-to-shareholders--35437150-693a-48c1-87b8-563198e39362 Original source: https://www.asx.com.au/asx/v2/statistics/displayAnnouncement.do?display=pdf&idsId=03146193 Publisher: asx Original announcement: 2026-09-30T04:25:00.000Z Analysis by Minestarters Atlas Atlas analysis published: 2026-09-30T05:05:41.272Z Atlas analysis updated: 2026-09-30T05:05:41.272Z - Company: Avira Resources Limited - Ticker: AVW - Exchange: ASX - Region: Western Australia - Primary commodity: Gold - Secondary commodities: Nickel, Copper, Zinc - Document categories: Drill results, Agreement transaction, Other - Extracted: 2026-09-30 05:05:41 UTC Narrative sentiment: 0.00 · Neutral ## Minestarters Atlas summary Avira Resources Limited's annual report for the year ended June 30, 2026, highlights the acquisition of mineral rights at the Mt Cattlin Gold Project in Western Australia and progress on its maiden RC drilling program. The report re-states previously announced high-grade gold intercepts from Maori Queen and Plantagenet prospects, which confirm mineralization over a 650-meter strike length. The company also noted a reduction in its interest in the Puolalaki Project in Sweden and disclosed a loss for the year, along with a material uncertainty regarding its ability to continue as a going concern. Reasoning: The document is an annual report summarizing the financial year, including operational highlights that largely refer to previously announced drill results and future plans, with a going concern warning. The re-reported drill results are consistent with prior disclosures. - Positive factor: Acquisition of Mt Cattlin Gold Project rights - Positive factor: Progress on Mt Cattlin drilling program - Positive factor: Plans for maiden Mineral Resource Estimate in Q4 2026 - Negative factor: Reported loss for the year - Negative factor: Material uncertainty regarding going concern - Negative factor: Reduction in interest in Puolalaki project - Negative factor: Drill results are re-reported from prior announcements, reducing novelty Facts used in scoring: 13 ## Classification and evidence **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: The drill results presented in the 'First-Tranche Highlights' section explicitly state they were 'received and reported to the ASX \(see announcements of 6 August 2026 and 13 August 2026\)', indicating they are not new information in this annual report. Evidence · text > Subsequent to the financial year end, assay results for all 18 holes of the maiden Phase 1 program at Maori Queen and Plantagenet were received and reported to the ASX \(see announcements of 6 August 2026 and 13 August 2026\). **QP/CP Signed** Polarity: positive Story-specific tag Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: The document states that information relating to exploration results for the Mt Cattlin Gold Project was previously announced with a competent person statement. Evidence · text > The information in this report that relates to exploration results in relation to the Mt Cattlin Gold Project was previously announced with a competent person statement in the following announcements: 24 March 2026 - High-Grade Gold Confirmed at Mt Cattlin, 6 August 2026 – High-Grade Gold Confirmed at Mt Cattlin, and 13 August 2026 – Outstanding High-Grade Gold Confirmed at Depth at Mt Cattlin. **Going Concern Warning** Polarity: negative Story-specific tag Definition: No canonical definition is currently available. Why it applies: The auditor's report highlights a material uncertainty related to going concern due to the consolidated entity's loss for the year and cash outflows. Evidence · text > Material Uncertainty Related to Going Concern We draw attention to Note 1 in the financial report, which indicates that a material uncertainty exists that may cast significant doubt on the Consolidated Entity’s ability to continue as a going concern. ## Extracted facts Stored fact records: 13. Some facts used in scoring do not have a stored record. ## Drill Results (13) ### RAGC116 [Link to this fact](https://atlas-staging.minestarters.com/news/avw-annual-report-to-shareholders--35437150-693a-48c1-87b8-563198e39362#fact-drill-facts-0) Mt Cattlin · gold Historical result Needs review: historical\_restatement #### Identity - Hole ID: RAGC116 - Project: Mt Cattlin - Commodity: gold - Region: australia\_wa - Reported Region: australia\_wa - Ticker: AVW #### Geometry - Grade: 6.11 - Grade Unit: g/t - Intercept: 7 m - From: 105 m - To: 112 m - Intercept Depth: 105 m #### Classification - Program: exploration - Sample Type: drill - Group ID: RAGC116:105-112 #### QA/QC - QP Signed: Yes - QA/QC Methods: standards #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2026-08-06T00:00:00.000Z #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: This is a strong gold intercept with good width, but its novelty is low as it was previously announced. - Positive factor: High-grade gold intercept \(6.11 g/t Au is strong for gold\) - Positive factor: Good intercept length \(7m\) - Positive factor: QP/CP sign-off referenced - Negative factor: Results are re-reported from prior announcements, reducing novelty Evidence · text > Maori Queen — RAGC116: 7m @ 6.11 g/t Au from 105m #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release **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: "The Project sits immediately adjacent to the large-scale Mt Cattlin Lithium Mine and encompasses the high-grade Maori Qu" ### RAGC116 [Link to this fact](https://atlas-staging.minestarters.com/news/avw-annual-report-to-shareholders--35437150-693a-48c1-87b8-563198e39362#fact-drill-facts-1) Mt Cattlin · gold Historical result Needs review: historical\_restatement #### Identity - Hole ID: RAGC116 - Project: Mt Cattlin - Commodity: gold - Region: australia\_wa - Reported Region: australia\_wa - Ticker: AVW #### Geometry - Grade: 15.1 - Grade Unit: g/t - Intercept: 2 m - From: 107 m - To: 109 m - Intercept Depth: 105 m #### Classification - Program: exploration - Sample Type: drill - Group ID: RAGC116:107-109 #### QA/QC - QP Signed: Yes - QA/QC Methods: standards #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2026-08-06T00:00:00.000Z #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: This bonanza-grade sub-interval is highly significant, but its novelty is low as it was previously announced. - Positive factor: Bonanza grade gold intercept \(15.1 g/t Au is exceptional for gold\) - Positive factor: QP/CP sign-off referenced - Negative factor: Results are re-reported from prior announcements, reducing novelty Evidence · text > including 2m @ 15.1 g/t Au from 107m #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release **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: "The Project sits immediately adjacent to the large-scale Mt Cattlin Lithium Mine and encompasses the high-grade Maori Qu" ### RAGC116 [Link to this fact](https://atlas-staging.minestarters.com/news/avw-annual-report-to-shareholders--35437150-693a-48c1-87b8-563198e39362#fact-drill-facts-2) Mt Cattlin · gold Historical result Needs review: historical\_restatement #### Identity - Hole ID: RAGC116 - Project: Mt Cattlin - Commodity: gold - Region: australia\_wa - Reported Region: australia\_wa - Ticker: AVW #### Geometry - Grade: 1.63 - Grade Unit: g/t - Intercept: 2 m - From: 61 m - To: 63 m - Intercept Depth: 61 m #### Classification - Program: exploration - Sample Type: drill - Group ID: RAGC116:61-63 #### QA/QC - QP Signed: Yes - QA/QC Methods: standards #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2026-08-06T00:00:00.000Z #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: A moderate grade intercept, but its novelty is low as it was previously announced. - Positive factor: QP/CP sign-off referenced - Negative factor: Moderate grade \(1.63 g/t Au is moderate for gold\) - Negative factor: Results are re-reported from prior announcements, reducing novelty Evidence · text > with additional intervals of 2m @ 1.63 g/t Au from 61m #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release **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: "The Project sits immediately adjacent to the large-scale Mt Cattlin Lithium Mine and encompasses the high-grade Maori Qu" ### RAGC116 [Link to this fact](https://atlas-staging.minestarters.com/news/avw-annual-report-to-shareholders--35437150-693a-48c1-87b8-563198e39362#fact-drill-facts-3) Mt Cattlin · gold Historical result Needs review: historical\_restatement #### Identity - Hole ID: RAGC116 - Project: Mt Cattlin - Commodity: gold - Region: australia\_wa - Reported Region: australia\_wa - Ticker: AVW #### Geometry - Grade: 1.31 - Grade Unit: g/t - Intercept: 2 m - From: 101 m - To: 103 m - Intercept Depth: 61 m #### Classification - Program: exploration - Sample Type: drill - Group ID: RAGC116:101-103 #### QA/QC - QP Signed: Yes - QA/QC Methods: standards #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2026-08-06T00:00:00.000Z #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: A moderate grade intercept, but its novelty is low as it was previously announced. - Positive factor: QP/CP sign-off referenced - Negative factor: Moderate grade \(1.31 g/t Au is moderate for gold\) - Negative factor: Results are re-reported from prior announcements, reducing novelty Evidence · text > and 2m @ 1.31 g/t Au from 101m #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release **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: "The Project sits immediately adjacent to the large-scale Mt Cattlin Lithium Mine and encompasses the high-grade Maori Qu" ### RAGC117 [Link to this fact](https://atlas-staging.minestarters.com/news/avw-annual-report-to-shareholders--35437150-693a-48c1-87b8-563198e39362#fact-drill-facts-4) Mt Cattlin · gold Historical result Needs review: historical\_restatement #### Identity - Hole ID: RAGC117 - Project: Mt Cattlin - Commodity: gold - Region: australia\_wa - Reported Region: australia\_wa - Ticker: AVW #### Geometry - Grade: 1.85 - Grade Unit: g/t - Intercept: 5 m - From: 106 m - To: 111 m - Intercept Depth: 106 m #### Classification - Program: exploration - Sample Type: drill - Group ID: RAGC117:106-111 #### QA/QC - QP Signed: Yes - QA/QC Methods: standards #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2026-08-06T00:00:00.000Z #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: A moderate grade intercept with good width, but its novelty is low as it was previously announced. - Positive factor: Moderate grade \(1.85 g/t Au is moderate for gold\) - Positive factor: QP/CP sign-off referenced - Negative factor: Results are re-reported from prior announcements, reducing novelty Evidence · text > Maori Queen — RAGC117: 5m @ 1.85 g/t Au from 106m #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release **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: "The Project sits immediately adjacent to the large-scale Mt Cattlin Lithium Mine and encompasses the high-grade Maori Qu" ### RAGC117 [Link to this fact](https://atlas-staging.minestarters.com/news/avw-annual-report-to-shareholders--35437150-693a-48c1-87b8-563198e39362#fact-drill-facts-5) Mt Cattlin · gold Historical result Needs review: historical\_restatement #### Identity - Hole ID: RAGC117 - Project: Mt Cattlin - Commodity: gold - Region: australia\_wa - Reported Region: australia\_wa - Ticker: AVW #### Geometry - Grade: 7.47 - Grade Unit: g/t - Intercept: 1 m - From: 106 m - To: 107 m - Intercept Depth: 106 m #### Classification - Program: exploration - Sample Type: drill - Group ID: RAGC117:106-107 #### QA/QC - QP Signed: Yes - QA/QC Methods: standards #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2026-08-06T00:00:00.000Z #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: A high-grade intercept over a narrow width, but its novelty is low as it was previously announced. - Positive factor: High-grade gold intercept \(7.47 g/t Au is strong for gold\) - Positive factor: QP/CP sign-off referenced - Negative factor: Narrow intercept length \(1m\) - Negative factor: Results are re-reported from prior announcements, reducing novelty Evidence · text > including 1m @ 7.47 g/t Au from 106m #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release **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: "The Project sits immediately adjacent to the large-scale Mt Cattlin Lithium Mine and encompasses the high-grade Maori Qu" ### RAGC113 [Link to this fact](https://atlas-staging.minestarters.com/news/avw-annual-report-to-shareholders--35437150-693a-48c1-87b8-563198e39362#fact-drill-facts-6) Mt Cattlin · gold Historical result Needs review: historical\_restatement #### Identity - Hole ID: RAGC113 - Project: Mt Cattlin - Commodity: gold - Region: australia\_wa - Reported Region: australia\_wa - Ticker: AVW #### Geometry - Grade: 1.4 - Grade Unit: g/t - Intercept: 8 m - From: 37 m - To: 45 m - Intercept Depth: 37 m #### Classification - Program: exploration - Sample Type: drill - Group ID: RAGC113:37-45 #### QA/QC - QP Signed: Yes - QA/QC Methods: standards #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2026-08-06T00:00:00.000Z #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: A moderate grade intercept with good width, but its novelty is low as it was previously announced. - Positive factor: Moderate grade \(1.4 g/t Au is moderate for gold\) - Positive factor: Good intercept length \(8m\) - Positive factor: QP/CP sign-off referenced - Negative factor: Results are re-reported from prior announcements, reducing novelty Evidence · text > Maori Queen — RAGC113: 8m @ 1.4 g/t Au from 37m #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release **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: "The Project sits immediately adjacent to the large-scale Mt Cattlin Lithium Mine and encompasses the high-grade Maori Qu" ### RAGC113 [Link to this fact](https://atlas-staging.minestarters.com/news/avw-annual-report-to-shareholders--35437150-693a-48c1-87b8-563198e39362#fact-drill-facts-7) Mt Cattlin · gold Historical result Needs review: historical\_restatement #### Identity - Hole ID: RAGC113 - Project: Mt Cattlin - Commodity: gold - Region: australia\_wa - Reported Region: australia\_wa - Ticker: AVW #### Geometry - Grade: 3.06 - Grade Unit: g/t - Intercept: 1 m - From: 26 m - To: 27 m - Intercept Depth: 26 m #### Classification - Program: exploration - Sample Type: drill - Group ID: RAGC113:26-27 #### QA/QC - QP Signed: Yes - QA/QC Methods: standards #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2026-08-06T00:00:00.000Z #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: A strong grade intercept over a narrow width, but its novelty is low as it was previously announced. - Positive factor: Strong grade \(3.06 g/t Au is strong for gold\) - Positive factor: QP/CP sign-off referenced - Negative factor: Narrow intercept length \(1m\) - Negative factor: Results are re-reported from prior announcements, reducing novelty Evidence · text > and 1m @ 3.06 g/t Au from 26m #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release **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: "The Project sits immediately adjacent to the large-scale Mt Cattlin Lithium Mine and encompasses the high-grade Maori Qu" ### RAGC108 [Link to this fact](https://atlas-staging.minestarters.com/news/avw-annual-report-to-shareholders--35437150-693a-48c1-87b8-563198e39362#fact-drill-facts-8) Mt Cattlin · gold Historical result Needs review: historical\_restatement #### Identity - Hole ID: RAGC108 - Project: Mt Cattlin - Commodity: gold - Region: australia\_wa - Reported Region: australia\_wa - Ticker: AVW #### Geometry - Grade: 3.86 - Grade Unit: g/t - Intercept: 4 m - From: 23 m - To: 27 m - Intercept Depth: 23 m #### Classification - Program: exploration - Sample Type: drill - Group ID: RAGC108:23-27 #### QA/QC - QP Signed: Yes - QA/QC Methods: standards #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2026-08-06T00:00:00.000Z #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: A strong grade intercept, but its novelty is low as it was previously announced. - Positive factor: Strong grade \(3.86 g/t Au is strong for gold\) - Positive factor: QP/CP sign-off referenced - Negative factor: Results are re-reported from prior announcements, reducing novelty Evidence · text > Maori Queen — RAGC108: 4m @ 3.86 g/t Au from 23m #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release **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: "The Project sits immediately adjacent to the large-scale Mt Cattlin Lithium Mine and encompasses the high-grade Maori Qu" ### RAGC108 [Link to this fact](https://atlas-staging.minestarters.com/news/avw-annual-report-to-shareholders--35437150-693a-48c1-87b8-563198e39362#fact-drill-facts-9) Mt Cattlin · gold Historical result Needs review: historical\_restatement #### Identity - Hole ID: RAGC108 - Project: Mt Cattlin - Commodity: gold - Region: australia\_wa - Reported Region: australia\_wa - Ticker: AVW #### Geometry - Grade: 13.75 - Grade Unit: g/t - Intercept: 1 m - From: 24 m - To: 25 m - Intercept Depth: 23 m #### Classification - Program: exploration - Sample Type: drill - Group ID: RAGC108:24-25 #### QA/QC - QP Signed: Yes - QA/QC Methods: standards #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2026-08-06T00:00:00.000Z #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: A bonanza-grade sub-interval over a narrow width, but its novelty is low as it was previously announced. - Positive factor: Bonanza grade gold intercept \(13.75 g/t Au is exceptional for gold\) - Positive factor: QP/CP sign-off referenced - Negative factor: Narrow intercept length \(1m\) - Negative factor: Results are re-reported from prior announcements, reducing novelty Evidence · text > including 1m @ 13.75 g/t Au from 24m #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release **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: "The Project sits immediately adjacent to the large-scale Mt Cattlin Lithium Mine and encompasses the high-grade Maori Qu" ### RAGC102 [Link to this fact](https://atlas-staging.minestarters.com/news/avw-annual-report-to-shareholders--35437150-693a-48c1-87b8-563198e39362#fact-drill-facts-10) Mt Cattlin · gold Historical result Needs review: historical\_restatement #### Identity - Hole ID: RAGC102 - Project: Mt Cattlin - Commodity: gold - Region: australia\_wa - Reported Region: australia\_wa - Ticker: AVW #### Geometry - Grade: 2.77 - Grade Unit: g/t - Intercept: 8 m - From: 16 m - To: 24 m - Intercept Depth: 16 m #### Classification - Program: exploration - Sample Type: drill - Group ID: RAGC102:16-24 #### QA/QC - QP Signed: Yes - QA/QC Methods: standards #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2026-08-06T00:00:00.000Z #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: A strong grade intercept with good width, but its novelty is low as it was previously announced. - Positive factor: Strong grade \(2.77 g/t Au is strong for gold\) - Positive factor: Good intercept length \(8m\) - Positive factor: QP/CP sign-off referenced - Negative factor: Results are re-reported from prior announcements, reducing novelty Evidence · text > Plantagenet — RAGC102: 8m @ 2.77 g/t Au from 16m #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release **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: "The Project sits immediately adjacent to the large-scale Mt Cattlin Lithium Mine and encompasses the high-grade Maori Qu" ### RAGC102 [Link to this fact](https://atlas-staging.minestarters.com/news/avw-annual-report-to-shareholders--35437150-693a-48c1-87b8-563198e39362#fact-drill-facts-11) Mt Cattlin · gold Historical result Needs review: historical\_restatement #### Identity - Hole ID: RAGC102 - Project: Mt Cattlin - Commodity: gold - Region: australia\_wa - Reported Region: australia\_wa - Ticker: AVW #### Geometry - Grade: 9.68 - Grade Unit: g/t - Intercept: 2 m - From: 34 m - To: 36 m - Intercept Depth: 16 m #### Classification - Program: exploration - Sample Type: drill - Group ID: RAGC102:34-36 #### QA/QC - QP Signed: Yes - QA/QC Methods: standards #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2026-08-06T00:00:00.000Z #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: A high-grade sub-interval, but its novelty is low as it was previously announced. - Positive factor: High-grade gold intercept \(9.68 g/t Au is exceptional for gold\) - Positive factor: QP/CP sign-off referenced - Negative factor: Results are re-reported from prior announcements, reducing novelty Evidence · text > including 2m @ 9.68 g/t Au from 34m #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release **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: "The Project sits immediately adjacent to the large-scale Mt Cattlin Lithium Mine and encompasses the high-grade Maori Qu" ### RAGC101 [Link to this fact](https://atlas-staging.minestarters.com/news/avw-annual-report-to-shareholders--35437150-693a-48c1-87b8-563198e39362#fact-drill-facts-12) Mt Cattlin · gold Historical result Needs review: historical\_restatement #### Identity - Hole ID: RAGC101 - Project: Mt Cattlin - Commodity: gold - Region: australia\_wa - Reported Region: australia\_wa - Ticker: AVW #### Geometry - Grade: 6.14 - Grade Unit: g/t - Intercept: 1 m - From: 67 m - To: 68 m - Intercept Depth: 67 m #### Classification - Program: exploration - Sample Type: drill - Group ID: RAGC101:67-68 #### QA/QC - QP Signed: Yes - QA/QC Methods: standards #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2026-08-06T00:00:00.000Z #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: A high-grade intercept over a narrow width, but its novelty is low as it was previously announced. - Positive factor: High-grade gold intercept \(6.14 g/t Au is strong for gold\) - Positive factor: QP/CP sign-off referenced - Negative factor: Narrow intercept length \(1m\) - Negative factor: Results are re-reported from prior announcements, reducing novelty Evidence · text > Plantagenet — RAGC101: 1m @ 6.14 g/t Au from 67m #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release **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: "The Project sits immediately adjacent to the large-scale Mt Cattlin Lithium Mine and encompasses the high-grade Maori Qu" ## 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.